Title: External Factors that Affect a Business
Headings: External Factors that Affect a Business
External Factors that Affect a Business
Contents
External Factors in PESTLE Analysis
External Factors in SWOT Analysis
Specific Examples of External Factors that Affect Businesses
Conclusion

Content: Looking at the factors that affect the performance and operation of your business can provide this information, which will tell you what exactly might need improving. These factors can be positive or negative, and either internal or external. What we mean by this is that these factors can either be as a direct consequence of the actions of the company (internal), or completely unrelated and avoidable (external). Relevant Article: Internal Factors that May Affect the Business Organization
There are a number of different external variables which can affect a business. To give a few examples, think of: how the weather might affect a food production company,
how the development of technology might affect a traditional publishing company,
or how the actions and success of competitors might affect any company. If your business was the only thing in existence, then external factors wouldn’t matter. However, this is never the case. There will always be variables out of your control that directly affect how your business functions and performs, and as such there is no excuse to ignore them!