Introduction to Business Studies

Introduction to Business
studies
(LO2 and LO3)

Table of contents
Introduction
Collaborative working practice
Internal factors
External factors
Conclusion
References

Introduction
Internal Factor is factor that exist within the organisation and influence
the components of company such as HR, Finance. External Factor is
termed as factors that involve factors that were outside the company and
impact the working of company such as Political, Economical and
Technological Factor.

Collaborative working practice
Working practices concern with creating better environment in
company through better communication and understanding the needs and
requirement of people working in organisation. John Lewis is also
focusing on creating better working condition for employee so that they
feel encouraged and motivated in their work and give best output.