ge ch3 sem1

Question 1

Internal Environment components

Answer 1

-Policies
-Human
Resources
-Tangible
assets
-Intangible
assets
-Management
-values

Question 2

policies

Answer 2

Policies: These are the rules set by the organization. The company has the full control
over its policies and can modify them accordingly.

Question 3

values

Answer 3

Values: The values include the beliefs and the attitudes a firm carry. It is the working
style of the people of the company. If the people around the firm carry the same values,
beliefs and the attitudes then the company is more likely to be successful as there would
be a better coordination.

Question 4

hr

Answer 4

Human Resources: The human resources of a company play an important role in the
success of a business. A well-trained workforce can do wonders for a business. A highly
motivated staff can easily help a firm to reach its goals. The human resources are the
most important part of the internal environment of a firm.

Question 5

mgmt

Answer 5

Management: The Management of the business has a major bearing on the business
and its operations. The management and the leadership style can bring a lot of change
in the business procedures and can take the business to the new heights

Question 6

tang assests

Answer 6

Tangible Assets: It includes the physical infrastructure of the firm. The machinery,
plant, building and other facilities of the company can empower any business and help
them to have competitive advantage over others.

Question 7

intang assests

Answer 7

Intangible Assets: The intangible assets like goodwill and brand image have a
significance role in fund raising. These assets allow the firm to have a good customer
base. It also helps them to have long lasting relationship with the intermediaries