Internal and External Factors Impact on Organization

POWER POINT POSTER

INTERNAL AND EXTERNAL FACTORS IMPACT ON ORGANIZATION
INTRODUCTION EXTERNAL FACTORS
Business is that aspect which deals upon selling
and buying of products which is been sold by an
organization within the market. Business covers
various kind elements which help in circulating
of goods and services in more effective manner.
These elements also impact tendency of business
and various elements related to it. Business
environment is the process by which an
organization is able to work in more organized
manner with discipline and order. Business
environment is one of the most important factor
which affects growth of business. Also such
environment make goals and objectives set by an
organization achieved in more effective manner.
These are those factors which makes
influences, circumstances and situation
existing within a business to be controlled in
effective manner. Such factors have been
impacting working of business from outside.
These factors help in functioning of an
organization in more effective manner
through marking out those elements which
directly impacts its success rate within
market. These factors create certain
circumstances and situations which affects
external working of organization (Gaganis,
Pasiouras and Voulgari, 2019).

EXTERNAL FACTORS
External factors also makes an organization develop innovative techniques which makes strategic
goals to be achieved in more effective manner. External factors have been making an
organization attain stability within market. It is considered as key area of planning taking place
within an organization.
Then stakeholder analysis is been affected which directly impacts decision making of an
organization which leads upon making strategic goal achieved. These factors influence various
situations and helps management of a business done within proper structure. Stakeholders make
decision only after analyzing these factors over investment to be done within a business. In this
large number of external factors can have a direct impact on the ability of your business to
achieve its strategic objectives. In order to make sure that these factors is been analyzed in proper
manner PESTLE analysis is been done. PESTLE analysis is a tool which is been used for
analyzing of those factors which impacts business externally.

EXTERNAL
FACTORS PESTLE ANALYSIS
Political factors: These are those factors which includes policies formed by government in
relation to corporate sectors which impacts various kinds of business activities within a country.
In political factors majorly policies related to tax is been observed by an organization. If policies
formed by government are rigid then it impacts production capacity of an organization