The External Environment

The factors beyond the control of the firm that influence its choice of direction and action, organizational structure, and internal process. These factors, which constitute the external environment, can be divided into three interrelated subcategories factors in the remote environment.

1.Factors in the remote environment,

2.Faactors in the industry environment,

3.Factors in the operating environment.

Share it:  Cite

More from this Section

  • Selection
    Selection involves predicting which applicants will be successful if hired. Screening ...
  • Legal responsibilities
    Legal responsibilities is another one social commitment for strategic managers . ...
  • Policies
    Broad,precedent setting decisions that guide or substitute for repetitive or time-sensitive ...
  • Divestiture
    Divestiture means the sale or removal of a business/firm or a major component . It refers ...
  • Democratic style
    Democratic style described a leader who involves employees in decision making, delegates ...