Let’s say that the Business Organization in the middle is Tim Hortons.

 Describe briefly, the dimensions of the external environment that apply to Tim Hortons

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STOCS Economic Environment Political-Legal Environment Technological Environment Global Business Environment The Business Organization Socio-cultural Environment Emerging Challenges and Opportunities • Outsourcing • The Growing Role of Social Media • Business Process Management Business Environment FIGURE 2.1 Dimensions of the external environment STOCS Economic Environment Political-Legal Environment Technological Environment Global Business Environment The Business Organization Socio-cultural Environment Emerging Challenges and Opportunities • Outsourcing • The Growing Role of Social Media • Business Process Management Business Environment FIGURE 2.1 Dimensions of the external environment

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Business environment is the totality of all the factors that affect the existence of business activities The business environment determines to a large extent what business can do and what the busines... View the full answer