1.8.1 Multidimensional Environment
The environment of the organisations are multi-dimensional as explained below:
a. Complexity
The external environment may range from simple to complex. When there are a few forces and their influence is predictable, they denote a simple environment. When a number of forces operate together and each wields a considerable influence, the environment is termed as complex.
b. Volatility
When the rate of change in environment is insignificiant, it is termed as a stable or static environment. But the environment of modern organisations is dynamic because of an increased rate of change. The nature and degree of change is not predictable.
c. Capacity
The capacity of an environment refers to the degree to which it can ...
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