Interpreting environmental factors
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Environmental factors are all influences that affect an organization's functioning, including internal and external elements. Monitoring and forecasting these factors are crucial for effective decision-making. Examples include management changes, employee morale, economic shifts, competition, and political regulations.
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Interpreting environmental factors
- 2. Environmental Factors: All the factors that influence or affect the functioning of an organization or business can be termed as Environmental factors. The scanning, monitoring and forecasting of the environmental factors play a major role in the decision making of the an organisation or business.
- 4. InternalFactors Management change Nokia Microsoft Employee Morale Cultural changes LinkedIn- Microsoft Financial changes
- 5. ExternalFactors Changes in economy Financial Crisis- 2008 Threats from competition Maggi Political factors Tata Nano Plant Government regulations Industry itself
- 6. Thankyou