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Societal value is

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In your opinion what "societal value" has affected the corporate/business environment employee's work life the most?

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Solution Summary

Societal value is weighed for corporate business.

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Societal value is a part of external environment of the business. An external audit focuses on identifying and evaluating trends and events beyond the control of a single firm, such as increased foreign competition, Internet and mobile revolution. It reveals key opportunities and threats facing an organization, so managers can formulate strategies to take advantage of the opportunities and avoid or reduce the impact of threats. External trends and events significantly affect all products, markets, and organizations in the world. Changes in external forces translate into changes in consumer demand for both industrial and consumer products and services.

Societal Trends and values
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