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: 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. A company’s suppliers, competitors and marketing intermediaries are just a few examples. This category also includes environmental factors that influence the growth and success of an organization, such as: 00:00
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State and federal laws
Economic growth or decline
Customer demand
Advances in technology
Ecological and environmental aspects
Trade and tax policies
Macro environment examples can also include politics, natural resources, technology awareness and adoption rates, globalization, changes in demographics and so on. Globalization, for instance, impacts your ability to operate across borders and reach an international audience. The world's most successful brands wouldn't be where they are today if trade barriers were in place.