Internal and External Business Environment - Desklib

Running head: INTERNAL AND EXTERNAL BUSINESS ENVIRONMENT
INTERNAL AND EXTERNAL BUSINESS ENVIRONMENT
Name of the Student
Name of the University
Author Note

1INTERNAL AND EXTERNAL BUSINESS ENVIRONMENT
Table of Contents
Question 1............................................................................................................................2
Question 2............................................................................................................................2
Question 3............................................................................................................................3
Question 4............................................................................................................................4
Question 5............................................................................................................................4
Question 6............................................................................................................................5
Question 7............................................................................................................................5
Question 8............................................................................................................................5
References............................................................................................................................6

2INTERNAL AND EXTERNAL BUSINESS ENVIRONMENT
Question 1
Impact of the external environment on organizations
The external environment of the organization impacts the development of the business
organization. The evaluation of the external environment of the business helps the concerned
managerial department of the organization to formulate as well as implement the various
strategies within the company. The external environment of the business organizations includes
the political factors, the economic factors, the social factors, the technological factors, the
environmental factors as well as the legal factors (Song, Sun & Jin, 2017). These factors cannot
be controlled by the concerned company and need to be evaluated in order to help the concerned
organization to attain a proper position within the given industry. The depiction of the negligence
towards the concerned external environment of the organization might lead to the various
negative consequences for the company. The external environment of the organization might be
influential in the development of the concerned company according to the changes that are
evident within the external environments of the concerned organization. Rastogi and Trivedi
(2016) state that the external environment of the organization further affects the competitive
advantage within the company.
Question 2
Impact of legal factors on Fonterra
The company in discussion, Fonterra, is known to have been facing huge issues in the
legal arena. The major issue that is faced by the company refers to the implementation of the
Dairy Industry Restructuring Act or the DIRA within the concerned industry. The
implementation of the act has led to the regulation of the milk industry within the country of