Describe the characteristics of environment.
Answers
Explanation:
Environmental characteristics include dependencies, competition and uncertainty. ... It is suggested that the creation of appropriate climates and structural design as responses to environmental pressures may be considered as complementary strategies in an attempt to maintain administrative control.
(i) Totality of all external forces affecting a business: It is aggregate of all things external to the business firms.
(ii) Specific and general forces: Specific forces affects individual film directly, general forces effects indirectly.
(iii) Inter-relatedness: Different elements of business environment are closely inter-related.
(iv) Dynamic nature: It keeps on changing due to changes in its various components.
(v) Uncertainity: It is very difficult to predict future happenings in business environment with accuracy.
(vi) Complexity: It is relatively easier to understand in parts but difficult to grasp in totality.
(vii) Relativity: It differs from country to country & region to region.