ENTREPRENEURSHIP

Detailed explanation-1: -Economic conditions, economic policies and the economic system are the important external factors that constitute the economic environment of a business.

Detailed explanation-2: -Internal forces of change arise from inside the organization and relate to the internal functioning of the organization. They might include low performance, low satisfaction, conflict, or the introduction of a new mission, new leadership.

Detailed explanation-3: -The External Environment Customers, competition, the economy, technology, political and social conditions, and resources are common external factors that influence the organization.

Detailed explanation-4: -Sources of Change: External sources include the political, social, technological or economic environment, externally motivated change may involve government action, technology development, competition, social values and economic variables.