External Context

1. External Context is ....

(Source: Business Continuity Management Institute - BCM Institute)

2. External environment in which the organization seeks to achieve its objectives.

Notes (1) : External context can include:

• The cultural, social, political, legal, regulatory, financial, technological, economic, natural and competitive environment, whether international, national, regional or local;
• Key drivers and trends having impact on the objectives of the organization; and
• Relationships with, and perceptions and values of external stakeholders (2.13).

[ISO Guide 73:2009, definition 3.3.1.1]

(Source: ISO 31000:2009 – Risk Management — Principles and Guidelines) - clause 2.10