BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Internal Business Environment
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External Operating Environment
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External Macro Environment
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Detailed explanation-1: -The internal environment of business refers to all the factors or forces that have a more direct impact on the daily activities of the company. The main factors in the internal environment are: customers, suppliers, competitors, shareholders, financial institutions, and employees.
Detailed explanation-2: -Organisational structure As part of this important internal factor, companies define the roles and responsibilities of their employees. There are various types of organisational structures that companies can choose to implement, including a hierarchical or matrix organisational structure.
Detailed explanation-3: -Internal factors include values, mission/objectives, organizational structure, culture and management style, Human Resources, labor unions, and physical and technological resources.
Detailed explanation-4: -We define culture as the key values, beliefs, understandings and norms shared by members of an organization . The concept of culture helps mangers understand the hidden complex, aspects of organizational life. Culture is a pattern of shared values and assumptions about how things are done within the organizations.