INTERNAL AND EXTERNAL ENVIRONMENT OF ORGANIZATION
INTERNAL AND EXTERNAL ENVIRONMENT OF ORGANIZATION
Author(s): Gulzira SERIKOVA, Ainura Omarova
Subject(s): Economy, Business Economy / Management, Accounting - Business Administration
Published by: ASERS Publishing
Keywords: internal environment; external environment; organization;
Summary/Abstract: Every organization needs to be perceived as operating in an environment. Organizations are neither self-sufficient not self-contained. Rather they exchange resources with and dependent upon external environment. External environment can be defined as all the forces and conditions outside the organization that are relevant to its operation and influence the organization. Organizations take inputs (raw materials, money, labor and energy) from the external environment, transform them into products or services, and send back as output to the external environment. The other environment is internal which can be defined as all the forces and conditions within the organization that influences its behavior. Thus, environment can be broadly classified into internal environment, and external environment.
Book: Financial Management in Different Economic Sectors. Theoretical and Ethical Approaches
- Page Range: 7-34
- Page Count: 28
- Publication Year: 2019
- Language: English
- Content File-PDF