Outline the various environmental factors that should be considered by a manger in an organization

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Outline the various environmental factors that should be considered by a manger in an organization

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  • 03 Dec, 2018

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Environment is divided into two parts:

·        Internal environment

·        External environment

The components of internal environment include:

·        Financial aspects

·        Policies and procedures related to human resource management

·        Activities related to production

·        Information system

·        Activities related to marketing and selling.

The components of external environment include:

·        Economic factors

·        Ethical factors

·        Political factors

·        Technological factors

·        Social factors

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The internal environment consists of:

·        Value system

·        Missions and goals

·        Financial factors

·        Internal relationship

The external environment consists of:

·        Suppliers

·        Opponents

·        Marketing intermediaries

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