Internal/ external factors, pestel, and swot

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Last updated 1:04 AM on 10/11/26
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10 Terms

1
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Internal Business Environment

Consists of factors within the company that management can control, such as company policies, employees, corporate culture, leadership, product quality, and financial policies.

2
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Corporate Culture

The collection of values, beliefs, behaviors, and symbols that create the social and psychological environment of a business.

3
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Strengths and Weaknesses

Internal factors that affect a company's position in the marketplace; strengths give a competitive edge, while weaknesses can be detrimental.

4
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PESTEL Analysis

A framework for analyzing the external environment, examining Political, Economic, Social, Technological, Environmental, and Legal factors.

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Value Chain Analysis

A method of analyzing all the steps a business goes through to deliver a product or service, aiming to maximize value and reduce costs.

6
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SWOT Analysis

A tool for assessing a company's Strengths, Weaknesses, Opportunities, and Threats to aid in strategic planning.

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External Business Environment

Factors outside the company that impact its performance, including economic conditions, competition, technological advancements, and political/legal issues.

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Competitive Analysis

The process of assessing the strengths and weaknesses of competitors in the market to inform strategic planning.

9
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Organizational Culture Development

The process of cultivating a positive workplace environment through leadership, hiring practices, and modeling attitudes.

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Motivational Environment

The workplace setting created by managers that encourages employees to engage and work effectively towards common goals.