Environmental Factors- Internal
Advanced Diploma Business Management
MANAGING IN ORGANISATIONS
Assignment topic:
Its clear that environmental factors- internal, market and external- may have a significant impact on the organisation Envinronmental analysis is concerned with identifying how the various factors interact with an organisation. Discuss the key factors in the general external evironment
Name: Nguyen Thi Thu Van
The usual way of analysing the general external environment is to consider the key factors under four headings, characterised by the acronym PEST. . Political/ Legal environment . Economic environment . Social environment . Technological environment. The political environment includes all laws, government agencies, and lobbying groups that influence or restrict individuals or organizations in the society. The technological environment consists of those forces that affect the technology and which can create new products, new markets, and new marketing opportunities. All outside factors that may affect an organization make up the external evironment .
The keys factors in the general external environment: 1. Political/ Legal Environment: The political environment within which an organisation exists has far-reaching consequences. Governments, through their legislative powers, determine the legal and regulatory framework applying to business and the public sector. They also give direction to a country through the way in which they exert control over the economy. The political environment most obviously operates at national level, but may also be significant at local and international levels.
The Political/ Legal Environment includes: Existing legislation in the home market, Future legislation, European/international legislation, Regulatory bodies and processes, Environmental regulations, Employment law ,Industry-specific regulations, competitive regulations, etc.
2. Economic
MANAGING IN ORGANISATIONS
Assignment topic:
Its clear that environmental factors- internal, market and external- may have a significant impact on the organisation Envinronmental analysis is concerned with identifying how the various factors interact with an organisation. Discuss the key factors in the general external evironment
Name: Nguyen Thi Thu Van
The usual way of analysing the general external environment is to consider the key factors under four headings, characterised by the acronym PEST. . Political/ Legal environment . Economic environment . Social environment . Technological environment. The political environment includes all laws, government agencies, and lobbying groups that influence or restrict individuals or organizations in the society. The technological environment consists of those forces that affect the technology and which can create new products, new markets, and new marketing opportunities. All outside factors that may affect an organization make up the external evironment .
The keys factors in the general external environment: 1. Political/ Legal Environment: The political environment within which an organisation exists has far-reaching consequences. Governments, through their legislative powers, determine the legal and regulatory framework applying to business and the public sector. They also give direction to a country through the way in which they exert control over the economy. The political environment most obviously operates at national level, but may also be significant at local and international levels.
The Political/ Legal Environment includes: Existing legislation in the home market, Future legislation, European/international legislation, Regulatory bodies and processes, Environmental regulations, Employment law ,Industry-specific regulations, competitive regulations, etc.
2. Economic
References: http://www.thetimes100.co.uk/theory/theory--organisation-management-structures--313.php http://www.thetimes100.co.uk/theory/theory--the-external-environment--236.php http://tutor2u.net/revision-notes-external-environment.html