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Business Environment Overview and Impact

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mishragajendra556
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8K views1 page

Business Environment Overview and Impact

Uploaded by

mishragajendra556
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Conclusion

Business environment involve internal and external environment. Business environment is

important for an organization to identify the weaknesses and threats. A firm maybe strong in

certain areas and it may be weak in some other areas. Business Environment is sum or

collection of all internal and external factors such as employees, customer needs and

expectations, supply and demand, management, clients, suppliers, owners, activities by

government, innovation in technology, social trends, market trends, economic changes, etc.

These factors affect the function of the company and how a company works directly or

indirectly. Sum of these factors influences the companies or business organisations

environment and situation. Business environment encompasses all those factors that affect a

company's operations and includes customers, competitors, stakeholders, suppliers, industry

trends, regulations other government activities, social and economic factors and technological

developments.

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