UB - internal factors

Question 1

What are the internal factors ?

Answer 1

Human resources

Question 2

How does human resources impact MANAGERS in internal factors ?

Answer 2

Managers:
Impact: inexperienced managers may make poor decisions which could result in missed oportunites or high staff turnover

Question 3

How does human resources impact EMPLOYEES in internal factors ?

Answer 3

Employees:
Impact: Badly preforming employees will result in inferior products being produced and a poor service being offered to customers. This will affect sales and the reputation of the business

Question 4

What is avalible finnace in internal factors and what is the impact ?

Answer 4

A business needs adequate funds n place in order for it to survive and grow succsessfully

if a business doesnt have avalible finnace they will not be able to:
- invest in advertising
- develop new products
- hire new staff
- expand their premise etc

Question 5

What is current technology and what is the impact ?

Answer 5

Refers to technology businesses currently use

up to date technology ensures businesses are efficent, gives them competitive edge and increases sales

Technology can also save on costs of traveling to meeting allowing staff to work from home