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External and internal factors

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How has the management of your organization been influenced by external and internal factors?

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Solution Summary

This discusses the impact of external and internal factors on organization. The explanation is given in 431 words.

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This involves study of all the factors whether internal or external, which has impact on the working of the business. It helps in forming long term objectives.
It involves study of SWOT that is External Opportunities and Threats: External opportunities and external threats refer to economic, social, cultural, demographic, environmental, political, legal, governmental, technological, and competitive trends and events that could significantly benefit or harm an organization in the future. Opportunities and threats are largely beyond the control of a single organization, thus the term external.
Internal Strengths and Weaknesses: Internal strengths and internal weaknesses are an organization's controllable activities that are performed especially well or poorly. ...

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