The document discusses the different types of business environments that can affect a company. It describes the internal environment as factors within a firm's control, like its culture and resources. The external environment is divided into the micro and macro environments. The micro environment includes stakeholders like customers, competitors, suppliers, and public groups that directly influence the business. The macro environment consists of broader forces like political, economic, social, technological, environmental and global factors that create long-term opportunities and threats for companies. Understanding both the internal and external business environments is important for strategic planning and success.