Impact of Internal and External Factors on Business

Internal Environment

Factors within a business that it can control, influencing its operations and decision-making.

SWOT Analysis

A strategic tool for identifying strengths, weaknesses, opportunities, and threats in a business.

Macro Factors

Broad external conditions such as social, legal, technological, global, and economic influences impacting a business.

Operating Factors

Specific influences such as customer expectations, supplier relationships, competitor behavior, and special interest groups.

Corporate Social Responsibility (CSR)

Responsible practices implemented by businesses in their operations to contribute positively to society.

Adapting Internal Environment

The process by which businesses change their internal factors to align with external market conditions and customer needs.

Impact of Internal on External

The quality of business resources can influence customer satisfaction and subsequently market reputation.

Impact of External on Internal

Changes in legal regulations may require businesses to adapt their internal processes, affecting efficiency.

Business Support Services

External services that assist a business in its operations, providing support and resources.

Types of Business Models

Different frameworks that businesses can adopt to align with their strategic goals.