The internal and external environment are words used to describe factors that affect an organization. The internal environment is also known as the microenvironment, while the external environment is also known as the macro environment.
Internal factors are an event that occurs within the walls of an organization, which has a direct impact on the organization on the daily activities of the organization, while external factors are events that occur outside the wall of the organization but have an impact on the organization.
Internal factors consist of Suppliers, competitors, employees, shareholders, while the external factors include bad road, scarcity, diseases, and so on. Internal factor is controllable while the external factor is uncontrollable. The internal factor affects just the company, while the external company affects all companies operating in that industry.
There are two types of environments that are available, namely internal and external environment. When you say the internal environment, this refers to the factors that are within the walls of a company or a home.
There are some things that are present inside that may not readily become available to the people who are on the outside. The external environment refers to the various factors that are outside the walls of the home or the office.
The external factors may actually have an effect on the way that the company or the people work, react, and even do different things. Both external and internal factors will have an effect on the way that people think and feel.