Business could not function on isolation. Please explain.
Business could not function on isolation. Please explain.
Jeeba Mar. 07, 2018
Business organisation function within its environment. An organisation acquires its inputs from the environment and output produced also provides to the environment.
The extent to which the business thrives depends on the manner in which it interacts with its environment. A business which continually remains passive to the relevant changes in the environment is destined to gradually decline.
Thus, the success of any organisation is largely depends on how it manages the factors in an environment.
