1.6 Internal Factors Flashcards
INTERNAL FACTORS (4)
CORPORATE CULTURE, FINANCE, STAFFING, TECHNOLOGY.
CORPORATE (DES/ADV4&DIS3/EX4)
Attitudes, beliefs, values and norms of an organisation.// School uniform, colours, mission statement, polices.// Feel apart of an organisation, motivate staff, increase staff loyalty, attract new workers. Stifle creativity, some staff difficulty fit in, change difficult, time and effort to maintain for new staff.
FINANCE (IMPORT/WHY6)
Without the proper finance business will be held back, struggle to survive. developing new products, upgrading new software, wages rises, hiring new staff, advertising, new branch.
STAFFING DES (MANAGERS5, EMPLOYEE5)
The performance affected by the Impact of the people who work for it.(MANAGERS= Good decision making, create policies that aim/goals, Hiring new staff, Setting budgets, conduct appraisals. EMPLOYEE= productivity, satisfy cust, absents, skill set, training, motivation.
TECHNOLOGY (DES/EXAMPLE4)
Need up-to-date technology keep up with customers requirements. =increase profitability. specialist software, top of the range hardware
access, control social media, apps.