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Essay

External Environment

Essay specific features

 

Issue:

Business

 

Written by:

Steven W

 

Date added:

December 18, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

11 / 3078

 

Was viewed:

7020 times

 

Rating of current essay:

 
Essay content:

A firm cannot control the environment because it is unpredictable in its direction and speed of change, such as interest rates, rate of inflation and exchange rate. Business environment can classifies in two categories that are internal environment and external environment. Internal factors close to the company that have a direct impact on the organizations strategy, these factors include employee, customer, suppliers, shareholder, banker etc...
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External environment comprises those factors and trends outside the organization that might have an influence upon an organization and its future. Many external factors can have an effect upon an organization - from changes in government legislation to the entry of new competition into a market. All businesses and organizations operate in a changing world and are subject to forces that are more powerful than they are, and which are beyond their control...
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