Environmental condition

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Environmental state ( English state ) is in decision theory and economics the designation for the current or future situation in the environment of a decision maker or economic subject .

General

In both individual sciences, environment is to be understood less causally in the sense of ecology , but rather spatially and institutionally defined. The spatial definition of the environment describes those factors which have an influence on the result of an alternative course of action , but which themselves are outside the sphere of influence of the decision-maker. This includes other decision-makers in your own organization ( companies , authorities ), other organizations and actors , competition , the market , the legal situation or abroad . The general economic conditions are also part of these environmental conditions. The decision maker has to take these environmental conditions into account as reaction parameters or data parameters when making their own decisions . The state of the environment is therefore a conceivable constellation of the relevant environmental factors in a particular situation.

species

The environmental states of a decision-making situation include endogenous and exogenous environmental factors:

There are uncertainties with the exogenous environmental factors “in the incomplete information of those involved about the conditions of this world”.

Change in the state of the environment through decisions

The state of the environment is viewed in this form when a decision maker speaks out in favor of a certain alternative course of action. This, but also the mentioned endogenous and exogenous environment of the decision-maker, changes the current environmental status into a future environmental status, with the decision-maker usually having probabilities of occurrence available as a prognosis option for his decision . For example, if a company losses generated (current state of the environment) and the decision-makers for cost reductions in labor costs decide, then the probability is high that in which he his company profitability brings (future state of the environment). The future environmental status also includes the company's sales revenues ; they remain at least equal to or they increase, the improved safety of the profit forecast. Relevant environmental conditions in the sales of a company can in turn be consumer behavior , competitors , the economic situation or other market data .

Individual evidence

  1. ^ Willi Albers / Anton Zottmann, Concise Dictionary of Economics , Volume 2, 1980, p. 379
  2. Oliver Thomas / Markus Nüttgens (eds.), Service modeling 2010 , 2010, p. 125 f.
  3. Klaus Peter Kaas, Contract goods marketing as a cooperation between principals and agents , in: Zeitschrift für Betriebswirtschaftliche Forschung , Issue 10, 1992, p. 886
  4. Business publishing house Dr. Th. Gabler, Gabler Wirtschaftslexikon , Volume 6, 1984, Sp. 1721 f.