Explore BrainMass
Share

Explore BrainMass

    External Environment in an Organization

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Describe the external environment in an organization. Please provide references.

    © BrainMass Inc. brainmass.com October 10, 2019, 5:20 am ad1c9bdddf
    https://brainmass.com/business/pest-analysis/external-environment-organization-501570

    Solution Preview

    --------------------------

    The external environment in an organization can be discussed as the environment which is not in control of the firm and management. All these factors affect the performances of the business organizations in a direct and indirect manner. The external environment can be divided into two different environments such as industry specific and general. The industry specific environment comprises competitors, customers, suppliers, substitutes of the products and services, etc.

    As the company cannot take control over competitor's activities, strategies and performance, it directly increases pressure on the company's operations and plans to achieve a leading position and defeat competitors (Wheelen & Hunger, 2010). A high number of competitors creates more pressure on the company to influence its profitability level. Apart from this, customers and suppliers both have bargaining ...

    Solution Summary

    External environment in an organization is describe.

    $2.19