Comprehensive Analysis of Internal and External Business Factors

This report provides an analysis of the internal and external factors that influence business operations and success. It begins by exploring collaborative working practices, emphasizing their importance in fostering a productive environment. The report then delves into the internal factors, utilizing the SWOT analysis to identify strengths, weaknesses, opportunities, and threats. The external analysis covers various aspects of the business environment, including political, economic, social, technological, and environmental factors. These factors are examined for their potential impact on business performance and the need for businesses to adapt to changes. References are provided to support the analysis. This report aims to provide a comprehensive understanding of how businesses can navigate these complex environments and achieve their goals. The report includes sections on collaborative practices, SWOT analysis of internal factors, and a discussion on the political, economic, social, technological, and environmental external factors.

Internal and external factors which impact on business.

Table of content
 INTRODUCTION
 Describe that how to develop an understanding of collaborative working
practices
 Analyze the main factors, both internal and external, which impact business
 CONCLUSION
 REFERENCES

INTRODUCTION
 A Business concept that must look perfect on paper which may improve
imperfect in the real. Sometimes, it considered as failure because of internal
environment.
 It will describe about the internal and external factors that directly impact on the
business. It also analyzed that that how to develop an understanding of
collaborative working practices

Develop an understanding of collaborative working practices
 Collaboration is a type of factor that help for building business because of its
works. employees are participating in the business operations and functions.
 Peoples are freely them to communicate and work together with their colleagues
but it needed to develop the collaborative environment.
 There are different ways to create collaborative working environment by using
practices.

Cont.
 Establish team Goal: To drive the success in between team members, it is very
important to set the specific measurable goals for each on proper manner. The
purpose of goals is to provide team members to achieve potential objective.
 Increase strength of team members: It is also another great strategy that work
within organization to eliminate all drawbacks. It is considered as a good idea to
include innovative concept for increasing productivity.

Analyze the main factors, both internal and external, which
impact business
 It can be analyzed the internal factor through swot matric which help for
identifying strength and weakness of business global marketplace.

Internal Analysis
Strength
• Things to do well within organization by using
different approaches.
• Identify the tough competitors in marketplace.
• Hire skilled and knowledgeable staff
Weakness
• Limit resources
• Unclear proposition and management style.
Opportunities
• Emerging with the need of customers
• Launch new product in marketplace
• Use digital marketing concept
Threat
• Changing the behavior of consumer
• Change the environment of regulations.

External analysis
 It is defined to examine the overall business environment which may include
different factors that impact on the organization.
Political Factor
 This factor is influencing the performance of organization which may be
including the tax rate, legislation etc. it impact on the business to increase
financial instability and also increasing job opportunities.

Cont.
Economic
 The business should be aware about the change in policies because this factor
affects on the finance accessibility. It is very important for growing business.
Social
 Due to change in the society, it has increased the chances of demand in business
global market and influenced by social conditioning.

Cont.
Technological
 The organization is investing significant amount on energy efficiency. It also
implementing the various type of innovation such as online platform. It directly
impact on the business to increase productivity and profitability in marketplace.
Environmental
 It also increased the pressure on the business to address the environmental issues
and adopt the way of operations.

REFERENCES
 Kembaren, T., Achsani, N.A. and Maulana, T.N.A., 2019. Dividend payouts,
internal and other external factors, and its impact on stock price. Jurnal Keuangan
dan Perbankan. 23(2). pp.235-245.
 Chen, J. and Wu, J., 2019, October. An Analysis of the Internal and External
Factors of MOOC Learner Keeping Learning and Abandoning. In 2019
International Conference on Advanced Education Research and Modern Teaching
(AERMT 2019). Atlantis Press.

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