Dear student,
Internal environment consists of events that take place within an organisation. These events are comparatively easy to control. It includes Management changes, Employee morale, Culture changes, financial changes, etc.
A value related to internal environment is- Managerial value.
External environment consists of events that take place outside the organisation. These events are harder to predict and control. It includes changes in economy, competition threats, political factors, Government regulations, etc.
A value related to external environment is Societal value,
Regards