External Environment (Specific or Task Environment)

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<p align&equals;"justify">External environment refers to the major factors and forces outside the organization that have the potential to significantly affect the performance of an organization&period; External environment is divided into two parts i&period;e&period; <a href&equals;"http&colon;&sol;&sol;mba-lectures&period;com&sol;management&sol;principles-of-management&sol;631&sol;external-environment-mega-or-general-environment&period;html" target&equals;"&lowbar;blank" rel&equals;"noopener">mega environment or general environment<&sol;a> and specific or task environment&period;&&num;160&semi; External environment can significantly influence the effectiveness of an organization to large extent&period; The explanation of specific or task environment is given below&period; <&sol;p>&NewLine;<p align&equals;"justify">&&num;160&semi;<&sol;p>&NewLine;<h3>Task or Specific Environment<&sol;h3>&NewLine;<p align&equals;"justify">&NewLine;Task environment or specific environment refers to the forces and institutions outside the organization with which an organization interfaces in the course of conducting its business&period; Such forces and institutions are directly relevant to the achievement of the organizational goals because they have direct and immediate impact on decisions and actions of managers&period; The specific environment of each organization is unique and changes with conditions&period; The important constituents of task environment are&colon; customers&comma; suppliers&comma; competitors&comma; and Pressure Groups&period; <&sol;p>&NewLine;<p> &&num;160&semi;<&sol;p>&NewLine;<p> <strong>•&&num;160&semi;&&num;160&semi;&&num;160&semi; Customers and Clients<&sol;strong><&sol;p>&NewLine;<p align&equals;"justify">&NewLine;Customers and clients of an organization refer to those individual and organizations that purchase its products and services&period; Organizations exist to meet the needs of customers through which they earn large sum of profits&period; But these customers possess potential uncertainty to an organization success because of their changing tastes&comma; preferences&comma; lifestyle etc&period; Therefore various organizations are making efforts to improve the quality of their products and services&comma; stay close with the customers&comma; listen to the customers about their needs etc&period; <&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p> &&num;160&semi;<&sol;p>&NewLine;<p> <strong>•&&num;160&semi;&&num;160&semi;&&num;160&semi; Suppliers<&sol;strong><&sol;p>&NewLine;<p align&equals;"justify">&NewLine;Organizations need different resources such as raw materials&comma; goods and services etc to conduct their operations&period; Therefore they purchase these resources from various individuals and organizations known as suppliers&period; The term suppliers also include providers of financial inputs &lpar;such as banks&comma; insurance companies&comma; pension funds etc&rpar; and labor inputs &lpar;such as labor unions&comma; universities&comma; local labor markets etc&rpar;&period; It is the responsibility of each manager to ensure the steady flow of needed inputs at the lowest price available in order to maintain the effectiveness of an organization&period; <&sol;p>&NewLine;<p> &&num;160&semi;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;