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CHAPTER 2
The Environment of Business
CHAPTER OPENER
The business environment is comprised of external forces within which firms must operate. The chapter
covers the ways in which competition, social environment, globalization and technological growth
challenge and provide opportunities to business owners. The PEST Model is used to explain the impact of
various environments on a business.
LEARNING OBJECTIVES
1. Describe the macro business environment and explain why managers must be aware of changes
taking place.
2. Explain how managers use the PEST model to analyze external business opportunities and threats.
3. Explain how sociocultural and technological forces can impact the profitability of a business.
4. Describe how Porter’s five forces model is used to analyze the ways competiton affects an industry.
5. Summarize the four degrees of competition that may exist within an industry.
6. Explain why government in Canada allows some monopolies to exist and how consumer interests are
protected.
7. Explain the impact that perfect competition has on selling price.
KEY TERMS
business environment (p. 21) (p. 32) green economy (p. 27)
competition (p. 30) globalization (p. 24) legal monopolies (p. 33)
competitive environment (p. 21) macro environment (p. 21)
diversity initiative (p. 27) monopolistic competition
economic environment (p. 24) (p. 33)
The Giant Instruction sent a few spies into the garden, disguised as poets.
Wise children saw through the deception at once; others, lured into
encyclopædic mazes, yawned while the guide recited “Edward, or
Rambling reasoned on”,[208] and described the delights of town for the
benefit of those who hankered after foreign travel:
...
The unconscious humorist rambles thus through a dozen stanzas. But the
last lines are drowned by the voice of the Pedlar at the door. He is
singing new rhymes to old tunes: Whimsical Incidents, Cinderella in
Verse, Mother Hubbard, Dame Trot and Goody Flitch.[209] The Lady of
Ninety who wrote Dame Wiggins of Lee[210] must have heard him
singing in her youth.
Nonsense rhymers, whipped out of the Court of Stupidity, found a
refuge in the purlieus of the child’s garden; nobody recognised them as
descendants of the citizens of Cockayne, or suspected that they would
one day be honoured as predecessors of Edward Lear. Yet who shall
gauge their influence on the character of Englishmen, or decide how far
the eccentricities of certain theorists depended on the exclusion of
nonsense from the nursery?
The History of the Sixteen Wonderful Old Women[211] came too late for
Mr. Day:
p. 14. 1.
p. 20. 1.
p. 22. 1.
The humour of “topsy-turveydom” dates back to the fourteenth
century Land of Cockayne, and survives to-day in nursery-rhymes and
“drolls”. “The Wise Men of Gotham” was still popular in the eighteenth
century. This famous nonsense-book was written by Andrew Boorde, and
a Bodleian copy is dated 1630.
2.
(a) Memoirs of the late John Kippen, “to which is added an Elegy on
Peter Duthie, who was for upwards of eighty years a Flying
Stationer”.
(b) Mr. R. H. Cunningham, in a note prefixed to his Amusing Prose
Chap-books (1889) gives an account of a book-pedlar, Dougal
Graham, who hawked books among Prince Charlie’s soldiers in the
’45, and afterwards became an author and printer of chap-books.
p. 25. 1.
p. 26. 1.
(a)“Chevy Chase”, praised by Sir Philip Sidney for its “trumpet note”,
was included in Dryden’s Miscellanies, 1702, in the Collection of
1723 and in Percy’s Reliques, 1765.
(b) The ballad of “The Two Children in the Wood” was printed in 1597
as “The Norfolk Gentleman, his Will and Testament”, etc. There is a
prose chap-book of 1700, “to which is annex’d the Old Song upon
the same”.
The ballad is included in the collection of 1723.
p. 27. 1.
“The Noble Acts of King Arthur and the Knights of the Round Table;
with the Valiant Atchievements of Sir Launcelot du Lake. To the Tune
of, Flying Fame”.
The first stanza (of which Falstaff quotes the first line in Henry IV,
Part 2) runs thus:
p. 30. 1.
p. 31. 1.
Other sea-ballads in Child’s collection are:—“The Sweet Trinity” (or,
“The Golden Vanity”).—Pepys, 1682-5; “Captain Ward and the
Rainbow”,—Roxburghe and Aldermary copies; “The Mermaid” (or,
“The Seamen’s Distress”).—Garland of 1765, etc.; “Sir Patrick Spens”.
—Percy’s Reliques, 1765, Herd’s Scottish Songs, 1769, and Scott’s
Minstrelsy, 1803.
II.
p. 40. 1.
There is a list of great men given in The Tatler (No. 67), Sept. 13,
1709; and in No. 78, one Lemuel Ledger writes to put Mr. Bickerstaff in
mind of “Alderman Whittington, who began the World with a Cat and
died with three hundred and fifty thousand Pounds sterling”.
The Spectator (No. 5) March 6, 1711, says that “there was once a
Design of casting into an Opera the Story of Whittington and his Cat, but
that Mr. Rich abandoned the Idea for Fear of being overrun by Mice
which the Cat could not kill.”
Suspicion seems to have been cast on the cat in the second half of the
century, and it is interesting to find Goldsmith (“On Education”, 1759)
advocating instead of romances “the old story of Whittington, were his
cat left out” as “more serviceable to the tender mind than either Tom
Jones, Joseph Andrews, or a hundred others, where frugality is the only
good quality the hero is not possessed of”.
Mr. Wheatley in his Chap-books and Folk-lore Tracts, notes that in
1771 the Rev. Samuel Pegge brought the subject of Whittington and his
Cat before the Society of Antiquaries, “but he could make nothing at all
of the Cat”.
p. 48. 1.
p. 56. 1.
Moralised ballad-stories:—
(a) Robin Hood, J. Harris, London, n.d. (c. 1807).
(b) The Tragical History of the Children in the Wood, “containing a true
Account of their unhappy Fate, with the History of their Parents and
their unnatural Uncle. Interspersed with Morals for the Instruction
of Children. To which is added the favourite Song of the Babes in
the Wood. Embellished with Cuts.” London, n.d.
(c) The Children in the Wood (Restored by Honestus). J. G. Rusher,
Banbury, ½d. (c. 1810).
III.
p. 60. 3.
p. 62. 1.
p. 64. 1.
In Mr. John Newbery’s list for 1762, A Pretty Book of Pictures for
little Masters and Misses has the alternative title of “Tommy Trip’s
History of Beasts and Birds, with a familiar Description of each in Verse
and Prose”.
To this was added “The History of little Tom Trip himself, his Dog
Jowler, and of Woglog the Great Giant”.
This was the earliest edition known to Mr. Welsh; but an edition of
1752 was afterwards discovered and noted in The Times Literary
Supplement, Dec. 18, 1919, under “Notes on Sales”. This seems to be the
first edition of Tommy Trip’s History; but an earlier account of him is
given in The Lilliputian Magazine, first advertised in 1751. Goldsmith
came to London after his travels on the Continent, in 1756, so that he
could not have written Tommy Trip, although the rhyme of “Three
Children”, as Mr. Welsh observed, is remarkably like the “Elegy on a
Mad Dog”.
2.
p. 65. 1.
(a) Tommy Thumb’s Pretty Song Book. Vol. II. “Sold by M. Cooper,
according to Act of Parliament”.
The frontispiece shows a boy playing a flute and two girls seated with
a book of songs. At the foot of each page is a musical direction:
“Recitatio”, “Toccato”, “Vere Subito”, etc. At the end are two cuts, one a
portrait of the writer “Nurse Lovechild”, the other advertising The
Child’s Plaything, with the date 1744, and the following rhyme:—
(b) The author of The Little Master’s Miscellany (1743) condemns the
popular song-books, and instead of these, provides children with
moral dialogues, “On Lying”, “On Fishing”, “On Death”, “On
Detraction”, “On the Tulip”, etc.
(c) John Marchant in his Puerilia; or, Amusements for the Young (1753)
offers a better substitute for the “Ribaldry” which he complains that
children are “instructed to con and get by Heart” as soon as they can
read,—“to trill it with their little Voices in every Company where
they are introduced”.
See above.—Chapter IX.
2.
Mother Goose’s Melody; or, Sonnets for the Cradle, in Two Parts.
“Part I.—The most celebrated Songs and Lullabies of the old British
Nurses, calculated to amuse the Children and excite them to sleep; Part
II.—Those of that sweet Songster and Muse of Art and Humours, Master
William Shakespeare. Adorned with Cuts and illustrated with Notes and
Maxims, historical, philosophical and critical.”
The addition, in Part II, of Shakespeare’s songs makes a fitting sequel
for older children.
A facsimile of the New England edition of 1785 was printed in 1892,
with the following description:—
“The original Mother Goose’s Melody, as issued by John Newbery of
London, circa 1760; Isaiah Thomas of Worcester, Mass., circa 1785, and
Munro and Francis of Boston, circa 1825. Reproduced in facsimile from
the first Worcester edition, with introduction and notes by William H.
Whitmore. To which are added the Fairy Tales of Mother Goose, first
collected by Perrault in 1696, reprinted from the original translation into
English by R. Samber in 1729. Boston and London,—Griffith, Farran &
Co., 1892.”
(b) Another early book of rhymes is The Top Book of all for little
Masters and Misses, “Containing the choicest Stories, prettiest
Poems and most diverting Riddles, all wrote by Nurse Lovechild,
Mother Goose, Jacky Nory, Tommy Thumb and other eminent
Authors ... also enriched with curious and lovely Pictures, done by
the top Hands, and is sold only at R. Baldwin’s and S. Crowder’s,
Booksellers in Pater Noster Row, London, and at Benjamin
Collins’s in Salisbury for 2d. (Date, on woodcut of a shilling,
1760).”
(c) A later Miscellany, Mirth without Mischief c. 1790, has similar
rhymes.
p. 67. 1.
p. 68. 1.
(a) From Carnan’s list, 1787.—“The Valentine’s Gift; or, the whole
History of Valentine’s Day, containing the Way to preserve Truth,
Honour and Integrity unshaken. Very necessary in a trading Nation.
Price sixpence, bound.”
A later edition (Kendrew, Glasgow, c. 1814) in the S. Kensington
collection, has significant additions:—
“The Valentine Gift; or, a Plan to enable children of all Denominations
to behave with Honour, Integrity and Humanity. To which is added some
Account of old Zigzag, and of the Horn which he used to understand the
Language of Birds, Beasts, Fishes and Insects. The Lord who made thee
made the Creatures also; thou shalt be merciful and kind unto them, for
they are thy fellow Tenants of the Globe.—Zoroaster.”
(b) The Twelfth Day Gift (advertised April 18, 1767). The title-page of
the 1783 edition is as follows:—
“The Twelfth Day Gift; or, the Grand Exhibition, containing a curious
Collection of Pieces in Prose and Verse (many of them Originals) which
were delivered to a numerous and polite Audience on the important
Subjects of Religion, Morality, History, Philosophy, Polity, Prudence and
Economy, at the most noble the Marquis of Setstar’s by a Society of
young Gentlemen and Ladies, and registered at their request by their old
Friend Mr. Newbery. With which are intermixed some occasional
Reflections and a Narrative containing the Characters and Behaviour of
the several Persons concerned.
p. 76. 1.
2.
(a) John Newbery died in 1767, when the business was divided into two
branches, one under his son Francis, in partnership with T. Carnan,
the other under Francis Newbery the nephew, whose widow
Elizabeth succeeded him in 1780. T. Carnan afterwards set up on
his own account.
(b) In the curious “appendix” to Goody Two-Shoes, there is “an Anecdote
respecting Tom Two-Shoes, communicated by a Gentleman who is
now writing the History of his Life”. This is the chief incident in
Tommy Two-Shoes, published at the close of the century by Wilson
and Spence of York.
Imitations only mark the distinction of the Newbery books. Many
were published by John Marshall (c. 1780). These include The Orphan;
or, the Entertaining History of Little Goody Goosecap; and The
Renowned History of Primrose Prettyface, “who, by her Sweetness of
Temper and Love of Learning, was raised from being the Daughter of a
poor Cottager, to great Riches and the Dignity of Lady of the Manor....
London, printed in the Year when all little Boys and Girls should be
good”, etc.
One copy is inscribed “Thos. Preston, March 22nd, 1788”. If this be
the date of purchase, the book may be earlier; but it may be the date of
the child’s birth.
4.
p. 78. 2.
p. 81. 1.
p. 82. 1.
p. 83. 2.
Canning deals with the Newbery books much as Addison does with
the ballads, though Canning’s classical parallels are not serious. He
begins by recommending to novel-readers, instead of “the studies which
usually engross their attention”, the “instructive and entertaining
Histories of Mr. Thomas Thumb, Mr. John Hickathrift and sundry other
celebrated Worthies; a true and faithful account of whose adventures and
atchievements may be had by the Curious and the Public in general,
price two-pence gilt, at Mr. Newbery’s, St. Paul’s Churchyard, and at
some other Gentleman’s whose name I do not now recollect, the
Bouncing B., Shoe-Lane”. (This refers to John Marshall’s sign of the
“Great A and Bouncing B”.)
He identifies “Tom Thumb” with Perrault’s “Little Thumb”, and draws
a parallel between that hero and Ulysses; and between the Ogre and
Polyphemus, comparing the incidents in a mock-heroic vein. There is no
trace of the “Lilliputian” Hickathrift which he mentions.
p. 84. 1.
IV
p. 91. 1.
p. 100. 1.
Mrs. Pilkington, writing “on the Plan of that celebrated work Les
Veillées du Château, by Madame de Genlis”, produced Tales of the
Cottage; or Stories Novel and Amusing for Young Persons, printed for
Vernor & Hood in the Poultry, and sold by E. Newbery, 1799.
She was the wife of a naval doctor, and became governess to a family
of orphans, for whom she wrote. Other books published for her by E.
Newbery include Biography for Boys, 1808; Biography for Girls, 1809;
Marvellous Adventures; or the Vicissitudes of a Cat, and a translation
(abridged) of Marmontel’s Contes Moraux.
p. 102. 1.
p. 106. 1.
p. 113. 2.
p. 114. 1.
VI
p. 124. 1.
p. 125. 2.
p. 127. 1.
p. 133. 2.
p. 136. 1.
p. 140. 2.
p. 141. 2.