Economic Environmental Analysis Free Essay, Term Paper and Book Report
Every information professional needs to understand fully the organizations place in
the market space; to understand the economic forces and political and social conditions
likely to have and impact on the industry or sector; and to develop familiarity with other
players in that industry or sector. It is a strategic move to develop and analysis of, and
document regularly, the implications of all the known environmental factors. The
external environment of an organization is defined as factors that are beyond the direct
control of influence of the organization. In the economic environment, the organizational
analysis should centre on those aspects of the economic system that directly impact the
type of project being considered. For example, inflation, labor laws and opportunity costs
for researchers in public institutions directly impact organizational activities.
The five key variables that effects the company are National Income- A term used in
economics to refer to the bookkeeping system that a national government uses to measure the......
Word Count: 1439
Page Count: 5.7 (250 words a page / double spaced)
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