Factors affecting business environment

BUSINESS ENVIRONMENT

FACTORS AFFECTING BUSINESS ENVIRONMENT

BUSINESS ENVIRONMENT

Business environment means all of the internal and external factors that affect how the company functions including employees, customers, management, supply and demand.There are various factors that are included in internal and external environment.

TYPES OF BUSINESS ENVIRONMENT

There are two types of business Environment Business

Environment

Internal Environme

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External Environme

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VARIOUS FACTORS IN INTERNAL AND EXTERNAL ENVIRONMENT

SUPERMARKET AS AN EXAMPLE TO EXPLAIN INTERNAL AND EXTERNAL ENVIRONMENT

INTERNAL ENVIRONMENT

Internal environmental factors are events that occur within an organisation.

Human resource

Management

Organisational culture

HUMAN RESOURCEThe characteristic of Human Resource is the skill,ability,quality and commitment of the Employee.

Human Resource contribute to the strength and weakness to the organisation.

If a person in the super market does not satisfy our wants we will not have the mind set to go to the super market again.

MANAGEMENTManaging the whole super market set up is an important task.

All hands should come together to form a perfect management.

In an supermarket from the manager till the worker all should have enough ability to mange the supermarket or else it will lead to loss in customers.

ORGANISATIONAL CULTURE Each organisation has each style of culture it can be the dress code etc.

So super markets emphasise of wearing uniforms so that the organisation is properly maintained.

Its helps the supermarket to look perfect and neat.

EXTERNAL ENVIRONMENTThe external environment of an organisation are those factors outside the company that affect the company's ability to function

Climate

Technology

Political

CLIMATEClimate is a natural factor that can affect the environment in any time.

Due to Earthquake the whole supermarket would have become un arranged.

So it would affect the sale of the super market for few days.

TECHNOLOGYTechnology is known as the systematic application change.

Technology is not constant it keeps on changing.

In a super market various technologies are being used.Change in billing systems will lead to a necessity in the change particular device.

POLITICALThe political environment is the government and its policies.

Often change in government leads to change in policies this affects the business.

In a super market change in government lead to change in policies and it also leads to change in the product. so there are high chance of affects.

CONCLUSIONSo by this we are able to know the various types of business environment.

We are able to know the various factors involved in internal and external environment

By this we have explained you few factors of business environment with the example of super market.

THANKYOU