Next Plc: Evaluating Internal & External Business Environment Factors

This essay provides an analysis of Next Plc's business environment, examining both internal and external factors that impact its productivity and sustainability. The external environment analysis focuses on political factors such as taxation, trade, and foreign trade policies, highlighting how Next Plc maintains these factors and regulates political stability for effective business operations in various locations. The internal environment analysis centers on the company's vision to maintain high-quality products and services to enhance customer satisfaction and loyalty. The essay also touches upon how the company can influence its external environment by maintaining legal considerations and protocols to positively impact the overall business environment. Desklib provides more solved assignments and resources for students.

Introduction
To attain more productivity, enterprises require
analyzing & evaluating business environment
whether it is internal and external so that
enterprises can effectively maintain the
requirement of these factors and gain more
sustainability.
Next Plc and Its Environment
Name of the Student
External Environment
External basis environmental factor provide their direct
impact on the working of the Next Plc . Explanation about
influence of these factors is as follows-
Political Factors – On the basis of this factor, taxation
policies, trade policies, foreign trade policies are
considered by the company. Next Plc maintains all these
factors & effectively regulates political stability so that
company can effectively perform their business operations
in various locations without any political issues.
How the company impact its
context External Environment
Maintain legal consideration - Company can
directly affect the egg this external factor &
maintain proper legal protocols so that it can
provide positive impact on the external
business environment .
Internal Factors
Internal factors include specific factors which
perform their rule within an organization. The
explanation about internal factors of the Next
Plc is as follows -
Vision - To maintain high quality of their
products & services in order to provide more
satisfaction to their customers so that they can
effectively become the loyal customers of the
company.
Reference
Korcsmáros, E. and Šimova, M., 2018. Factors
affecting the business environment of SMEs in
Nitra region in Slovakia. Oeconomia
Copernicana, 9(2), pp.309-331.