Environmental Factors Formula Sheet

Environmental Factors - Quick Revision Sheet

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Term	Meaning
Business environment	Sum total of internal and external factors affecting a business
Bayard O Wheeler	Defined business environment
Internal environment	Factors within the firm; controllable; strengths and weaknesses
External environment	Factors outside the firm; uncontrollable; opportunities and threats
Micro environment	Task environment: financiers, suppliers, channel members, public, customers, competitors
Macro environment	General environment: economic, socio-cultural, political and legal, geo-physical, technological, global
VUCA	Volatility, uncertainty, complexity, ambiguity; U.S. military, late 80's
Corporate governance	Set of rules and policies which governs a company
GST	Indirect, multi-stage, destination-based tax; CGST, SGST, IGST

Kumara Mangalam Birla Committee 2000; Narayana Murthy Committee 2003; Adi Godrej Committee 2008; presently Uday Kotak Committee.
Companies Act 2013 holds the present governance norms.
At least one third independent directors and at least one independent woman director.
Sterlite Copper, Thoothukudi, closed in 2018.
GST Council chaired by the Union Finance Minister.
TVS group founded in 1911 as a rural transport service.
Dr. Verghese Kurien: pioneer of the White revolution.

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