Title: Internal & External Factors That Affect an Organization | Your Business
Headings: Internal & External Factors That Affect an Organization
Internal & External Factors That Affect an Organization
Internal Factor: Leadership
Internal Factor: Employees
Internal Factor: Mission Statement
External Factor: Competitors
External Factor: Customers
External Factor: Economy

Content: Internal & External Factors That Affect an Organization | Your Business
Internal & External Factors That Affect an Organization
Related Articles
Three Characteristics of Entrepreneurial Leadership
The Advantages of the Supply Chain Management for Small Companies
What Are the Elements of a Strong Corporate Culture? The Role of a Good Leader
How to Link HR Strategies with Business Strategies
The Importance of Adaptability Skills
Share on Facebook
Internal and external factors have a huge effect on the success or failure of a business. Business owners can’t control external factors, but they must be able to anticipate and adjust to these factors to keep their organizations on track. However, business owners and leaders do have significant influence over internal factors that affect a business, and how they handle these internal factors will have a major impact on the future of their companies. Internal Factor: Leadership
Leadership refers to the people in your organization that make all the major decisions regarding financing, budget, sales, marketing, and human resources. Companies with strong leadership have a clear vision for the future, a plan of how to achieve their goals and a quantifiable way of measuring success. They have also developed the kind of management structure that enables employees to feel empowered, while also meeting production and sales goals. Weak leadership is like a ship without a rudder that has no direction and is in danger of sinking. Leaders that lack a strong vision and that are unable to properly manage their teams will find it difficult to achieve their goals.