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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


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 14th Jan, 2024

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.

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