Chapter 4: Environmental Context of Management — Principles of Management (MGT421) Notes

Concept of business environment, Types of business environment - internal and external, Basic components of economic, socio - cultural, political, and technological environments.

Core Course
Ch. 4: Environmental Context of Management

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Ch. 3: Evolution of Management ThoughtCh. 5: Planning and Decision Making

Topics & Key Objectives in Chapter 4

Concept of business environmentTypes of business environment - internal and externalBasic components of economicsocio - culturalpoliticaland technological environments.

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