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If there is anything that is stead fast and unchanging, it is change itself. Change is inevitable, and those organizations who do not keep up with change will become unstable, with long-term survivability in question.
There are things, events, or situations that occur that affect the way a business operates, either in a positive or negative way. These things, situations, or events that occur that affect a business in either a positive or negative way are called "driving forces."
There are two kinds of driving forces; Internal driving forces, and external driving forces. Internal driving forces are those kinds of things, situations, or events that occur inside the business, and are generally under the control of the company. Examples might be, organization of machinery and equipment, technological capacity, organizational culture, management systems, etc. External driving forces are those kinds of things, situation, or events that occur outside of the company and are by an large beyond the control of the company. Examples of external driving forces might be, the industry itself, the economy, Demographics, competition, political interference, etc.
Whether they are internal or external driving forces, one thing is certain for both. Change will occur! A company must be cognizant of these changes, flexible, and willing to respond to them in an appropriate way.
Because you have asked specifically about external driving forces and the impact they might have on businesses; here is my take. External driving forces can bury a business if not appropriately dealt with. The question is, how does a business know what changes are occurring so that they can deal with them in a positive way. OK, that's the next issue.
In order for a business to succeed and gain the competitive edge, the business must know what changes are indeed occurring, and what changes might be coming up in the future. I guess you might call this forecasting. Thus, critical to the business is what we call "informational resources." It is the collection and analyzation of data. Some examples of critical information might include the follwing:
* Competition (what are they doing?) * Customer behavior (needs, wants, and desires)
* Industry out look (local, national, global) * Demographics (the change populations, there density, etc.) * Economy (are we peaking, or moving negatively) * Political movements and/or interference
* Social environment * Technological changes * General environmental changes The above are just some issues organizations must be on top of. Well its never easy, but businesses that are successful include all of the above (and more), to develop the appropriate tactics, strategies, and best practices, to ensure successful outs comes.
What else can I help you with?
How does external factor impact a business?
External factors significantly impact a business by influencing its operational environment and strategic decisions. Economic conditions, regulatory changes, competitive dynamics, and social trends can affect demand for products or services, operational costs, and market positioning. Additionally, external factors such as technological advancements can create new opportunities or threats, prompting businesses to adapt quickly to maintain competitiveness. Ultimately, a keen understanding of these external influences is crucial for effective risk management and strategic planning.
What are the internal and external factors in business environment?
Some internal factors that impact the business environment include competitors and business resources. External factors that affect the business environment barriers to entry and government regulations.
What are the impact of external costs and external benefits on resource allocation?
The impact of external costs and external benefits on resource allocation that business needs can be done quiet easily with perfection as distribution of resources has been done with costs and benefits effective point.
What are the external factors that have impacted and will continue to impact on the qantas airlines business in the future?
Do your own assignment kid.
Which influence is an external influence?
An external influence refers to factors outside an individual or organization that can impact decisions, behaviors, or outcomes. This can include economic conditions, social trends, cultural norms, regulatory changes, and competitive pressures. For example, a new government regulation can significantly affect a business's operations, representing an external influence on its strategic planning.
What is external influences?
Your Heritygood or bad
How does external factor impact a business?
External factors significantly impact a business by influencing its operational environment and strategic decisions. Economic conditions, regulatory changes, competitive dynamics, and social trends can affect demand for products or services, operational costs, and market positioning. Additionally, external factors such as technological advancements can create new opportunities or threats, prompting businesses to adapt quickly to maintain competitiveness. Ultimately, a keen understanding of these external influences is crucial for effective risk management and strategic planning.
How do internal and external influences may impact on business opportunites in NSW?
Internal influences on business opportunities in New South Wales (NSW) can include factors such as company culture, management practices, and resource availability, which shape decision-making and innovation. External influences, such as economic conditions, regulatory changes, and market trends, can create both opportunities and challenges for businesses. For instance, a strong local economy may boost consumer spending, while changes in legislation could open new markets or impose restrictions. Together, these influences determine the strategic direction and growth potential of businesses operating in NSW.
What are Two examples of external influences that can impact your tourism industry?
Blah :)
What are external factors in business?
External factors in business refer to elements outside a company's control that can impact its operations, performance, and decision-making. These include economic conditions, regulatory changes, competitive dynamics, technological advancements, and socio-cultural trends. Understanding these factors is crucial for strategic planning and adapting to market changes. Companies often analyze these influences through tools like PESTLE analysis (Political, Economic, Social, Technological, Legal, and Environmental).
Deecribe each of the external and internal influences or forces in the external and internal enviornments on an organziation?
External influences on an organization include factors such as economic conditions, competition, regulatory changes, and social trends, all of which can impact strategic decisions and operations. Internal influences encompass organizational culture, employee behavior, leadership styles, and internal processes, which shape how the organization functions and responds to external challenges. Together, these forces create a dynamic environment that organizations must navigate to achieve their goals. Balancing and adapting to these influences is crucial for long-term success and sustainability.
Times when certain internal and external influences have a major impact on development are called?
critica;
What are the internal and external factors in business environment?
Some internal factors that impact the business environment include competitors and business resources. External factors that affect the business environment barriers to entry and government regulations.
What are the impact of external costs and external benefits on resource allocation?
The impact of external costs and external benefits on resource allocation that business needs can be done quiet easily with perfection as distribution of resources has been done with costs and benefits effective point.
What are examples of external factors?
External factors are influences that come from outside an organization or individual and can affect their performance or decisions. Examples include economic conditions, such as inflation or unemployment rates; social factors, like cultural trends or demographic shifts; political influences, such as government regulations or policy changes; and technological advancements that can impact industry standards. These factors can create opportunities or pose challenges that need to be navigated strategically.
Describe the main internal and external sources of change that have a major impact on organisations.?
http://www.redruth.cornwall.sch.uk/content/departments/business/notes/External/02_SLEPT_Analysis_Social.pdf
What is external interference?
External interference refers to external factors or influences that disrupt, inhibit, or manipulate a system or process. This interference can come from outside sources such as other individuals, organizations, or environmental factors, and can have an impact on the outcomes or functioning of the system.
