Internal Factors Flashcards
What are INTERNAL factors
different situations that happen inside the business
What do INTERNAL factors impact
the success of an organisation
Who has control over INTERNAL factors
owners, managers, employees
What are the 4 INTERNAL factors
finance, staff, technology, corporate culture
FINANCE
they money available to the business which is usually from profits, investments or savings
EMPLOYEES
high quality training is important to ensure an employee can complete their job to high standards
MANAGERS
they should be skilled and have experience in making effective decisions. managers level of risk when making decisions can have an impact of the business
TECHNOLOGY
an organisations technology must be modern, or the business will fall behind competition
CORPORATE CULTURE
this is set of values and beliefs that is shared by all people within an organisation and can affect how successful the business is
