Problem1. Many business people are inclined to forget the significance of the internal environment for the success of their organization. They rather give more significance to the impact of the external environment. It is usually advisable to provide both aspects of the business environment equal significance when trying to analyse business environment.
Question1. From above statement, describe what you understand by the term internal environment of organisation.
Question2. How managers can diminish the influence of specific external environment on their organization?
Question3. What is impact of external environment in an organization?