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.
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.
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.
Do your own assignment kid.
First, of all i would like to tell you the main components of business environment, 1 Internal environment 2 External environment 1: INTERNAL ENVIROMENT:-It comprises of internal stakeholders i.e employees, management ,suppliers etc .In other words internal stakeholders have direct impact on business decisions. 2 EXTERNAL ENVIRONMENT:- It consists external stakeholders i.e customers, government etc Whenever a business takes any decision regarding the business it has to take due care of the environment in which it is running. The decision should not be against the stakeholders of the business theirby it definitely affects the business
the impact of contemporary socio-economic issues on the business enviroment
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critica;
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.
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.
http://www.redruth.cornwall.sch.uk/content/departments/business/notes/External/02_SLEPT_Analysis_Social.pdf
Do your own assignment kid.
Yes, influences can come from various sources such as friends, family, media, culture, or personal experiences. These influences can impact our beliefs, attitudes, and behaviors. It's important to be mindful of the influences around us and how they shape our perspectives.
State the impact of Psychological influences on the consumer decision process?"
Internal constraints of managerial effectiveness include culture and perspective. An external constraint of managerial effectiveness is government regulations that impact the business.
Some internal environmental influences that impact employee behavior include business policies, procedures and other workers. All of these factors create the working environment. It can be good or bad.
The environment affects a business because changes can impact business strategy and processes. For instance, heavy government regulations can place a burden on the business.
peer pressure and media has a big impact on what influences your clothing choices.