What is the concept of Environment?

Question

As it relates to firms and organization

Answer 1

the situation in which an organization is immersed.
It includes social environment (values and expectations of customers and employees etc.
It includes political environment (rules, laws, regulations etc.)
It includes the competition (what your competitors are doing), the impact of changing technology (for example your customers now expect internet service). It includes how the market for your products or services is changing and things like globalization (can you sell to folks overseas or contract out some of your work there).