Question

using a realistic example discuss how a business can control its internal environment and to what extent it can do so

Answer 1

Answer:

• Mastering some of the forces that impact your business is more challenging than handling others. The extent to which you can control them differs. You can change how internal and external factors affect your firm. You cannot make the economy grow. But, you can encourage spending. Learning more about the factors at work will better equip you.

• In this article, I will not go into much detail about external factors. I will discuss elaborately how internal factors can impact a business. I will talk about the most popularly assessed internal factors.

• The internal business environment comprises of factors within the company which impact the success and approach of operations. Unlike the external environment, the company has control over these factors. It is important to recognize potential opportunities and threats outside company operations. However, managing the strengths of internal operations is the key to business success.