Analysis of Internal and External Factors on MAC Business Operations

This report analyzes the internal and external factors that impact MAC, a Canadian business specializing in cosmetic products within the fashion industry. The report highlights how MAC's operations and Corporate Social Responsibility (CSR) initiatives, such as using environmentally friendly materials, influence the external environment. It differentiates between controllable internal factors and uncontrollable external factors, including political, technological, legal, social, economic, and environmental elements. The report emphasizes the significance of these factors on MAC's business operations. References to relevant literature are also provided. This assignment provides a detailed overview of the impact of internal and external factors on MAC's business, highlighting the interplay of various elements influencing the company's performance and operations in the fashion industry.

Internal and External factors
INTRODUCTION
Factors that are present in the internal and
external environment of a business can influence the
operations of the business organisation. This report
analyses the internal and external factors that can have an
impact on MAC, which is a Canadian business organisation
that specialises in manufacturing cosmetic products and
operates in the fashion industry. MAC is headquartered in
Toronto, Canada.
Internal and External Factors Affecting MAC:
Internal factors are those factors that are under the influence of the
business organisation such as MAC and can be controlled by the
business organisation, whereas external factors are those factors that
are not under the influence of the business organisation and hence
cannot be controlled by the business organisation at all.
There are numerous external factors that can have an impact on the
operations and functions of MAC within the fashion industries. These
include the political, technological, legal, social, economic and
environmental factors present in the external environment that MAC
has absolutely no amount of control over. For example, when new,
innovative and valuable technological solutions are present in the
external technological environment then these can have immense
impact on MAC.
MAC Impacting the External Environment:
There are various ways through which a business organisation such as MAC can impact the
external environment. This is showcased through the Corporate Social Responsibility (CSR) initiatives
of MAC, in which MAC tries to make use of operational processes and raw materials for their cosmetic
products that are highly environmentally friendly and optimum use of natural resources, this having a
positive impact on the preservation attempts of the external environment, that has become much more
crucial nowadays, due to the increase in global warming around the world.
CONCLUSION
Through this poster, it is concluded that internal and external factors of MAC both severely
impact the functions and operations of the business in fashion industry. MAC can also have an impact
on the external environment through its operations conducted within the fashion industry.
REFERENCES
Books and Journals
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Fernández-Olmos, M. and Ramírez-Alesón, M., 2017. How internal and external factors influence
the dynamics of SME technology collaboration networks over time. Technovation. 64.
pp.16-27.
Mohd Noh, N.A., 2019. Liquidity Risk Affect The Internal And External Factors.
McLaren, and et.al, 2018. The relationships between internal and external measures of training
load and intensity in team sports: a meta-analysis. Sports Medicine. 48(3). pp.641-658.
DEMI, M., 2016. Design and implementation of an UVM functional verification environment for
IEEE 802.1 AE-compliant MAC Security IPs in automotive applications.
Beato, M., Jamil, M. and Devereux, G., 2018. Reliability of internal and external load parameters
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