Question : Which of the following is a component of the internal environment in the context of planning?
Option 1: Technological advancements
Option 2: Competitor analysis
Option 3: Economic conditions
Option 4: Company culture
Correct Answer: Company culture
Solution : The correct answer is (d). Company culture
The internal environment refers to the factors and conditions within an organization that can influence its operations, strategies, and decision-making processes. It includes various elements that are under the control or influence of the organization.
Company culture is a key component of the internal environment. It refers to the shared values, beliefs, norms, and behaviors that define the organizational culture and shape the way people work and interact within the organization. Company culture influences employee attitudes, motivation, decision-making, and overall organizational performance.
