Management and organization in global environment

Management and organization in global environment 1
Management and organization in global environment
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Management and organization in global environment 2
Management and organization in global environment
Environmental uncertainity and structure
Environmental uncertainty is described as the degree which a business organization lack
the formal information relating to internal and external operating environment. The internal
business environment is concerned with how the business organization conducting its operation
within all structures, while the external environment of environment embraces on the facts about
how business operates in a particular market. Therefore, a business environment is explained to
be the surrounding that a business organization is operating in. The environmental uncertainties
are bounded by dynamic changes that keep on changing. However, the business environment
uncertainties substantiate issues that arises from social-cultural, legal, political, technological and
economic factors (Dwivedi, 2018).
The environmental business uncertainties affect the operation of a business organization.
Political factors subsequently imply the legal laws and taxes that are imposed to the organization
to by the government. Social-cultural factors demand the organization to produce products and
abide by the social cultural customer of specific area of operation. Technology elements explains
the use of technology which might not be relevant to business organization, change in
technology may also be expensive and thus affecting the business operations of a particular
enterprise. On the other hand, economic factor embraces the impact of micro and macros
economic factor of the organization, these elements affects the financial operation as well as the
profitability making process of the organization (Katz, 2017).
Strategy and structure