How External Factors Affect Organisation?
There are many external factors which may impact the organizations. The major factor is the economy in which the organization operates. The positive aspects of the economy positively affect the organization while negative aspects may negatively impact the organization. The second factor is the government or rules and regulations. Change in the regulations also impact the decisions of the company. Political stability also has a huge impact on the operations of the organizations. Suppliers availability can positively or negatively affect the company. Organizations rely both on the internal resources like finance, human resource etc as well as on external resources like material and natural resources. The availability of resources can also impact the core business of the companies. Moreover, the overall environment and culture also have a huge impact on the organizations.
