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External and Internal Environments Essay Example | Topics and Well Written Essays - 1750 words - 2

External and Internal Environments - Essay Example2. Influence of the external environment The outcome of an organization as well as the industry to which it belongs depends upon the affect of the external factors. USA is reviving slowly from the catastrophic financial distress. The financial distress wrecked havoc in all the industrial sectors. The banks and financial institutions suffered the most as well as the oil and gas industry (Stephen, 2012). This is because of the reason that the USA government provided significant amount of financial help in the form of rebates and commissions to the oil and gas companies. The financial distress reduced the financial help packages forwarded by the government to the companies by almost half. Thus it is important to analyze how the oil and gas industry adopted to the changing environmental factors. The company chosen for analysis is British Petroleum (BP). There are several factors affecting the outcome of the organization like the political, economical, social, technological, legal and environmental (Stigler, 2009).

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