List two influential forces that affect an organization  and explain fully how any one of these forces affect  the organization.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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List two influential forces that affect an organization  and explain fully how any one of these forces affect  the organization.

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Introduction

Every organization is affected by some of the forces and factors. These factors can affect the organization internally or externally. Two types of forces and factors that affect the organization are-

  • Internal Factors
  • External Factors

The factors that affect an organization internally are called internal factors, and the factors that affect the organization externally are known as external factors.

External Factors

One of the factors that affect the organization is defined in detail as below:

External Factors

PESTLE analysis is used to study and define the external forces and factors that affect an organization.

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