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Environment
Business Environment
Business environment means all of the
internal and external factors that affect
how the company functions including
employees, customers, management,
supply and demand and business
regulations.
Internal Business Environment
Internal Business Environment is the set of
elements or forces which affects a
organization's or firm’s behavior.
Examples are like personnel, finance,
marketing, production, operational research
and so on.
External business environment
•Sociological Factors
•Political Factors
•Legal Factors
•Educational Factors
•Technological Factors
•Economical Factors
•Natural Factors
•Historical Factors
SOCIOLOGICAL FACTORS
POLITICAL FACTORS
EDUCATIONAL FACTORS
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TECHNOLOGICAL FACTORS
ECONOMIC ENVIRONMENT
HISTORICAL FACTORS
• ETOP Analysis
Environmental Analysis and Strategic Management