What are the effects of the different environmental factors on the system? Also, are these environmental factors different in an e-business, a global organization, a technology organization, or a health care organization?
Different environmental factors, both in the external environment as well as the internal environment, have an important bearing on the strategic planning of an organization. The analysis and scanning of external environment factors such as industry, economy, competition, substitutes and complements,etc. and internal environment factors such as internal stregths and weaknesses, etc. are the basis or the first step in the strategic management and planning process.
A system cannot formulate its plans and set up its goals unless ...
The effects of the different environmental factors on the system