The significance of business environment can be explained in the following points:

First Mover Advantage
The first mover advantage is a significant aspect of the business environment. It is an advantage that the first company that enters the market gains over its competitors. The first mover advantage can be in terms of brand recognition, customer loyalty, and market share. Therefore, the business environment plays a crucial role in determining the success of a company.

Competition
Competition is another significant aspect of the business environment. It refers to the rivalry between companies that are competing for the same market share. Competition can have a positive or negative impact on a company, depending on how it responds to it. It can help a company to improve its products and services, reduce its costs, and increase its market share. However, if a company fails to respond to competition, it may lose its market share and eventually go out of business.

Information
Information is a critical aspect of the business environment. Businesses need access to accurate and timely information to make informed decisions. The business environment provides businesses with information about their competitors, customers, and market trends. This information can help businesses to identify opportunities and threats and make strategic decisions.

Globalization
Globalization is the process of international integration that results from the exchange of goods, ideas, and culture between countries. The business environment has become increasingly globalized, and companies need to adapt to this changing environment to remain competitive. Globalization has created new opportunities for businesses to expand their markets and reach new customers. However, it has also created new challenges, such as increased competition and regulatory compliance.

In conclusion, the business environment plays a crucial role in determining the success of a company. It provides businesses with opportunities and challenges that they need to navigate to remain competitive. The first mover advantage, competition, information, and globalization are significant aspects of the business environment that businesses need to consider when making strategic decisions.