Entrepreneurship requires understanding the business environment, including both the micro environment comprising factors close to the business like suppliers, customers and competitors. The macro environment also impacts businesses with broader forces such as economic, technological, political and cultural factors on a larger societal scale.
Original Description:
The combination of internal and external factors that influence a company's operating situation.
Entrepreneurship requires understanding the business environment, including both the micro environment comprising factors close to the business like suppliers, customers and competitors. The macro environment also impacts businesses with broader forces such as economic, technological, political and cultural factors on a larger societal scale.
Entrepreneurship requires understanding the business environment, including both the micro environment comprising factors close to the business like suppliers, customers and competitors. The macro environment also impacts businesses with broader forces such as economic, technological, political and cultural factors on a larger societal scale.
ENVIRONMENTAL ACTIVITY 1 • Determine the Micro Environment of your Business. Explain 3-5 Sentences ACTIVITY 2 • Determine the Macro Environment of your Business. Explain 3-5 Sentences