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General environment and industry environment

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Knowing the external environment around an organization is as important as knowing the organization itself.

Evaluate an organization.

Respond to the following:

Identify the three most important elements of the general environment that impact your organization.
Identify the three most important elements of the industry environment that impact your organization.
How do these environmental elements relate to the five forces of competition?

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Solution Summary

Discusses how general environment and industry environment are strongly related in Apple Inc. 375 words including a reference.

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Organisation Chosen by me is Apple Inc.

1) Identify the three most important elements of the general environment that impact your organization.

The three most important elements of the general environment that impact my organization are social, economic and technological factors. Taking into consideration the ever-changing needs and requirements of the people and purchasing power of the audience products are developed. Also, the organisation has to update itself with the latest technology to be competitive in the market place. Social factors are selected because they have a major impact on consumer behavior, preferences and needs. ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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