Title: The Environmental Factors That Affect a Business | Bizfluent
Headings: The Environmental Factors That Affect a Business
The Environmental Factors That Affect a Business
Understanding the Business Environment
Environmental Threats to Business Growth
How to Mitigate the Risks

Content: The Environmental Factors That Affect a Business | Bizfluent
The Environmental Factors That Affect a Business
By: Andra Picincu
Reviewed by: Michelle Seidel, B.Sc., LL.B., MBA
Updated January 22, 2019
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The success of your business depends on several factors that may or may not be under your control. While you can try your best to improve your company's culture, employee performance and other internal factors, you cannot alter the course of events occurring outside the organization. These may include market fluctuations, changes in government policy, inflation, emerging technology trends and other environmental factors affecting business growth and revenue. Understanding the Business Environment
All businesses big and small operate in an environment consisting of internal and external factors that can influence each other. Your company's mission and goals as well as its leadership, employees and corporate culture are all internal factors. As a business owner, you have control over these factors and can take steps needed to identify and solve any potential issues that can affect your performance and revenue. External factors, on the other hand, exist outside your organization and can be more difficult or impossible to control.