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The Business Environment

Themes and Issues in a Globalizing World

Fourth Edition

Edited by Paul Wetherly and Dorron Otter

Publication Date - May 2018

ISBN: 9780198739920

536 pages
10.4 x 7.7 inches

The only book with a 'themes and issues' approach that encourages critical engagement with contemporary debates in the business environment


Written by an eminent author team whose expertise spans the full breadth of the subject, The Business Environment provides comprehensive coverage and sound academic insight. The unique 'themes and issues' approach provides students with a consistent and holistic framework for analysing businesses and the business environment, as well as a reliable method to organize their thinking.

The core business environments and their interrelationships are explored using the established STEEPLE framework in Part One. Part Two then looks beyond these topics and invites students to analyse a range of contemporary issues such as globalization, corporate power, equal opportunity, and entrepreneurship.

A host of examples, "Mini-Cases", and end-of-chapter case studies illustrate key topics in real-life, international, and wide-ranging business settings. Unilever's corporate responsibility policy, Samsung and South Korean economic development, and Starbucks on sustainability are just some of the topical cases. "Stop and Think" boxes and end-of-chapter review and discussion questions help students develop critical thinking skills, while further reading and useful websites provide the starting point for research and exploration.


For Students:
*Multiple-choice questions
*Author podcasts

For Instructors:
*Figures and tables from the text
*Lecturer's guide to each chapter
*PowerPoint slides
*Answers to review and discussion questions
*Test bank

New to this Edition

  • New coverage of the backlash of globalization, the gig economy, the Trump presidency, and Brexit, as well as examining issues such as driverless cars, 3D printing, and austerity
  • New examples and cases with a focus on international examples that accurately represent the reality of global business
  • Three new authors bring fresh perspectives to the coverage of macroeconomic policy, trading blocs, and entrepreneur and SME innovation

About the Author(s)

Paul Wetherly is a Reader in Politics at Leeds Beckett University.

Dorron Otter is Principal Lecturer Emeritus in Economics at Leeds Beckett University.

Previous Publication Date(s)

December 2013
March 2011


"This book provides a rich source of up-to-date ideas and debates. It offers students an opportunity to think critically about the business environment from a perspective that many other texts do not."--Jim Keane, University of Gloucestershire

"This book identifies, explains, and critically discusses the complexity of the global context in which business operates."--Marilena Antoniadou, Manchester Metropolitan University

Table of Contents

    1. Introduction: 'Business' and its 'environment' in a 'globalizing world', Paul Wetherly
    Part One: Environments
    2. The economic environment, Dorron Otter
    3. The technological environment, Dorron Otter
    4. The political environment, Paul Wetherly
    5. The legal environment, David Amos
    6. The social and cultural environment, Paul Wetherly
    7. Can the marketplace be ethical? Corporate responsibility, Simon Robinson
    8. The natural environment: Global warming, pollution, resource depletion, and sustainable development, Eamonn Judge
    Part Two: Issues
    9. How has macroeconomic policy changed in an era of uncertainty?, Chris Mulhearn and Mike Franco
    10. Globalization of business: Good or bad?, Dorron Otter
    11. Does business have too much power?, Paul Wetherly
    12. Is inequality bad for business?, Dorron Otter and Paul Wetherly
    13. Creating effective trading blocs: What lessons does the European Union provide?, Stratis Koutsoukos and Dorron Otter
    14. What role for the public sector?, Paul Wetherly
    15. From starting to scaling and beyond: How do entrepreneurs and SMEs innovate and grow?, Simon Raby and Geoff Gregson
    16. Conclusion: Looking ahead-managing in a dynamic environment, Dorron Otter and Paul Wetherly

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