BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The micro environment include force and elements such as the organisational vision, mission statement, goals and objectives, strategy and structures, management and employees. The various components and features of the micro (internal) business environment. Vision, Mission, Goals and Objectives.

Detailed explanation-2: -The micro environment refers to the internal factors that will influence the performance of the business. The business and management has full control over this environment. Vision should be clear and concise, giving an idea of a desired image.

Detailed explanation-3: -A Mission Statement is a definition of the company’s business, who it serves, what it does, its objectives, and its approach to reaching those objectives. A Vision Statement is a description of the desired future state of the company. An effective vision inspires the team, showing them how success will look and feel.

Detailed explanation-4: -A mission statement defines the organization’s business, its objectives, and how it will reach these objectives. A vision statement details where the organization aspires to go. Why does your company exist?