Environmental issues factors
This is governed by the below factors:
- The type of economic system of the country
- Business cycles
- Industrial policy of the country
- Trade and fiscal policy of the country
- Taxation policy of the country
- Price and labour policy
- General trends in economy concerning the production, employment, income, prices, saving and investment etc.
- General trends in the working of financial institutions in the country
- General trends in foreign trade of the country
- Social factors like value system of the society
- General attitude and significance of social organisations like trade unions, producers' unions and consumers' cooperative societies etc.
- Social structure and class character of various social groups
- Political system of the country
The management of a firm can't exercise control over these factors. So it must fashion the plans, programmes and policies of the firm as said by these factors in order to offset their adverse effects on the firm.