This document discusses the various factors of a business's external environment or business environment. It defines the business environment as mainly referring to external forces that impact business, including political, technological, cultural, economic, and physical factors. It then outlines and describes the key elements of a company's micro and macro external environments, including demographic, social, cultural, political, economic, financial, trade, technological, legal, regulatory, tax, and ethical factors. The micro environment specifically includes suppliers, customers, competitors, marketing intermediaries, and financiers that have a direct impact on a business's operations.
The presentation discusses about the competitive environment of an organization. This includes organization and their environment, the nature of organizational environments, and basic framework describing how environments affect organizations.
Business organisations. the external environmentAnkonRoy2
Business Organisations. the external environment
The General or Contextual Environment
The Immediate or Operational Environment
The Firm in its Environment
The presentation discusses about the competitive environment of an organization. This includes organization and their environment, the nature of organizational environments, and basic framework describing how environments affect organizations.
Business organisations. the external environmentAnkonRoy2
Business Organisations. the external environment
The General or Contextual Environment
The Immediate or Operational Environment
The Firm in its Environment
External environment factors are elements that exist outside of a company's internal environment that can affect a company's operations. These outside forces can help the business or present challenges to its current processes.