One factor that is not an external influencing factor in wages and salary administration is an organization's internal pay structure. This includes internal equity considerations, such as the relative worth of various positions within the company, employee performance evaluations, and the overall compensation strategy set by management. Unlike external factors such as market rates, labor supply, or economic conditions, these internal elements are primarily determined by the organization's policies and objectives.
An environment factor refers to any external element that can impact an organism or system. This can include physical factors such as temperature, humidity, and light, as well as biological factors like predators and competition. Overall, environment factors play a crucial role in influencing an organism's behavior, development, and survival.
External factors are factors beyond your control that could significantly affect your ability to achieve your goals and objectives. ...
Market environment consist of all factors that in one way or another affect or affected by the organization desicion.there are external and internal factors. Internal factor , these involve (5M's)ManagementManpowermachinematerial andmoney.External factors , these includeMacro factor and micro factors.Macro factors are the one that affect the organization indirectly, these are (pestel)Politicalenviromentsocia-culturaltechnological andEcologicalleagalwhile micro factors are those which affect the organization directly it involvecustomerscompetitorssuppliers andpublic
macro and micro factor on industry
There are many economic factors influencing educational planning. One factor is whether or not people can afford to send their children to private schools before college.
Describe the seven external factors that affect marketing and business
There are many internal and external factors that affect child development. One internal factor is the genetic makeup of the child.
It depends on which environment factor you are referring to. There are internal and external environmental factors. Internal refers to factors within an organization and basically under the organizations control. External environmental factors refers to those factors outside of the organization and by in large not under the control of the organization.
Economic factor, Technological factor,Political/professional factor, and Sociological factor are the four.
Greed is the main factor influencing world trade - the rapacious devouring consuming greed of the first world affluent materialistic countries.
Internal factors in SWOT analysis refer to strengths and weaknesses that are within the control of the organization, such as resources, capabilities, and structure. External factors, on the other hand, refer to opportunities and threats that exist outside the organization and are influenced by factors like competition, market trends, and regulatory environment.
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.