An organization is effected by two main types of environments the external environment and the internal environment. The external environment pertains to the political economic, social, technological and the legal environment and any changes that take place in these environments indirectly effect the environment of any business.
The internal environment on the other hand is based on the business environment of the company which composes of the competitors, the market, the customers and the stakeholders of the business. In order top survive and be successful in its operations a business has to adapt to the external environment and management its internal environment to its best efforts.
The following paper conducts an analysis of the external environment for the Bank of America highlighting the remote macroeconomic environment, the industry environment nd the operating environment for the company.