Business Environment - Internal and External Factors

Added on - 11 Jan 2021

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Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY.................................................................................................................................3Term of fracking and interests of stakeholders groups..............................................................3CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................8
INTRODUCTIONBusiness environment has combination of internal and external factors which can affectthe performance of the organisation. It is necessary to control these factors so that company canprotect its business. This reports covers the following topics such as fracking, various stakeholders of the company and situation of conflicts among the company and stakeholders.MAIN BODYTerm of fracking and interests of stakeholders groupsFracking is a method which is used by the organisation to extract natural gas and oil fromshale rock layers within the earth. It is also known as hydraulic fracturing and it includesinjecting chemicals, water and sand directly into the ground. Stakeholders can be individual,party or group of persons who has interest in the company. There are various types ofstakeholders which are as follows:Financiers:These are those persons or financial institutions who provides venture capital and otherinvestment to company. They have interest in the organisation because from their fundcorporation can perform its business activities. If Tesla suffers from losses than it cannot payinterest to them so their interest will got affect because they does not generates rate returns fromits invested amount. If company produce good quality of oil and gas than its sales will increaseand it can able to return the amount to financiers it is possible through from the frackingdevelopment. (Bremser & Chung, (2005).Customers:These are those people who buy the goods and services of the company. For an energycompany Tesla its consumers can be big corporates who deals in oil and gas business. Interest ofstakeholders can be affected when prices of products has increase and they have to pay moreamount to the organisation. If company produce good quality of oil and gas than its customerswill increase and it is possible through fracking developmet.Employees:These are those persons who earn their income from the organisation and depend on it fortheir livelihood. It Tesla reduced the salary of workers than their interest has affected and they
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