Task Environment

Technological

: means that a firm uses to produce outputs or the systems or processes that a firm uses to achieve output o Scientific and technological advancements in specific industries and society

Socio-cultural

demographic characteristics as well as the values and customs of a society Population growth, aging, immigration, education

Global

extent that a firm affects or is affected by firms or other entities in foreign countries o Population trends, currency, competitors, regulation, war and terrorism

Economic

means that a firm uses to produce outputs or the systems or processes that a firm uses to achieve output o Growth and contraction, inflation, consumer purchasing power, unemployment rate, interest rates, energy costs, availability of capital

Political/legal

refers to the political events and activities and the regulations and laws that affect a firm in its markets o Antirust laws, taxation laws, labor training laws, governmental corruption