which could be stable or dynamic. There are Mass production, Unit production and Continuous process production and each of which requires appropriate manufacturing technology. On the foundation of theoriesof control, it is argued that organizational flexibility is intrinsically inconsistent and requires a productive resistance between change and conservation. And because strategy is formulated on future perspective, it is significant for strategic managers to keep alongside each other with the external environmental factors and bring into line their strategic processes with the vitality of such external factors. For example, interest rates affect a company's cost of funds and therefore the degree to which an organization rise and expands. Product, customer AND geographic MIX. In case of reduction in demand the prices will go down. This would imply that in case of a rise in economic activity the demand of the product will increase and hence the price will increase. The following is a description of some of the important factors that may cause the actual results of the Company's operations in future periods to differ materially from those currently expected or desired. In such an environment, organizations require flexible, adaptable and decentralized structures to deal with changes in the dynamic environment. Primarily, there is a need of a more thoughtful understanding of Man himself because all railway human problems have their roots in our own nature as stated by (Simon, 1973). It is for complex tasks which are not in routine and requires different complex tasks. Seasonal trends, the Company experiences some seasonal trends in the sale of its products. For example, an aging population may involve a smaller and less enthusiastic employees thus increasing the cost of labour and the improvement in the social insurance scheme delivered by the government may increase the requirement for insurance services in a country. In response to such an environment organizations become decentralized to be effective and planning becomes crucial. It has essay become easier for companies to communicate with their customer in any part of the world.
Lastly the Environment context is the arena in which a firm carries out its business. In their research of EmeryTrist typology of organizational environment. Political factors factors This refers to the changes in government and government policies. Randomized environment, the use of the technological gadgets have basically portrayed in almost all aspects of the working environment in a modern business organization.
External, factors Affecting a, business Essay, internal and External, factors.Internal and External, factors.
Factors for a business essay
And the spending power of consumers and other businesses. These include formal organizations and informal organizations each having different goals. Therefore, influences and ways of communication, according to Chidi. The research of Volberda, socio cultural and technological, creative for example. Companies operating in the European Union have to adopt directives and regulations created by the. Dynamic processes which create significant variances for the component organizations arise from the field itself.
Every organization in todays business world, whether its government, industry or other human endeavors, all require facts and accurate information for quick decision-making which results from the right use of technology.The Company's manufacturing process requires a high volume of quality components that are procured.Business must consider the stability of the political environment, governments policy on the economy etc.