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: External Factor: Economy
Business owners can’t control the economy, but they must respond to indicators that trend upward or downward, then adjust their own operations accordingly. For example, if economists forecast a recession, it could be time to tighten budgets, eliminate some projects, and remain in a holding pattern until things improve. However, when the economy grows and interest rates are low, that could make it easier for you to obtain low-interest loans to help expand your business. References
iEduNote: Internal and External Environment Factors That Influences Organizational Decision Making
Management Study HQ: External Factors Affecting Business Environment
KPMG: Risks in Business: Internal and External Pressures
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