Environmental Factors And The Theories Of The Business… | Bartleby

Since the business environment is one of the most controversial topics that has been widely and thoroughly debated, managers and executives in any organization are under constant pressure to develop better means to evaluate the environment surrounding the business. Consequently, several theories, trends, and environmental analysis models have appeared to ease this particularly sophisticated and rapidly varying process for businesses. A business can only operate profitably and efficiently in a healthy and positive
According to Nickels, McHugh, & McHugh (2016) “The business environment consists of the surrounding factors that either help or hinder the development of businesses” (p.12). This can only happen if the factors surrounding the environment are taken into consideration. The environmental factors, in general, are divided into two main groups, Task and General. (Bourgeoi, 1980). The global or general external business environment is more concerned with the long-term and can cause an only indirect effect on the organization. It usually is composed of technological, social, competitive, economic, and legal factors that can affect the business operations and performance. (Nickels, McHugh, & McHugh, 2016).
To begin with, the economic and legal environment of the business which contains

Theories of business environmentSince the business environment is one of the most controversial topics that has been widely and thoroughly debated, managers and executives in any organization are under constant pressure to develop better means to evaluate the environment surrounding the business. Consequently, several theories, trends, and environmental analysis models have appeared to ease this particularly sophisticated and rapidly varying process for businesses. A business can only operate profitably and efficiently in a healthy and positive environment . Environmental ambiguity can be caused by the lack of successful analysis of the environmental issues affecting the business. (Milliken, 1987).According to Nickels, McHugh, & McHugh (2016) “The business environment consists of the surrounding factors that either help or hinder the development of businesses” (p.12). This can only happen if the factors surrounding the environment are taken into consideration. The environmental factors, in general, are divided into two main groups, Task and General. (Bourgeoi, 1980). The global or general external business environment is more concerned with the long-term and can cause an only indirect effect on the organization. It usually is composed of technological, social, competitive, economic, and legal factors that can affect the business operations and performance. (Nickels, McHugh, & McHugh, 2016).To begin with, the economic and legal environment of the business which contains