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Strengths and weaknesses are usually considered internal, while opportunities and threats are usually considered external. [5] The degree to which an organization's internal strengths matches with its external opportunities is known as its strategic fit. [6] [7] [8] Internal factors may include: [9]
Market environment and business environment are marketing terms that refer to factors and forces that affect a firm's ability to build and maintain successful customer relationships. The business environment has been defined as "the totality of physical and social factors that are taken directly into consideration in the decision-making ...
The situation analysis looks at both the macro-environmental factors that affect many firms within the environment and the micro-environmental factors that specifically affect the firm. The purpose of the situation analysis is to indicate to a company about the organizational and product position, as well as the overall survival of the business ...
Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization.
Context analysis is a method to analyze the environment in which a business operates. Environmental scanning mainly focuses on the macro environment of a business. But context analysis considers the entire environment of a business, its internal and external environment. This is an important aspect of business planning.
Internal risks arise from factors (endogenous variables, which can be influenced) such as: human factors (talent management, strikes) technological factors (emerging technologies) physical factors (failure of machines, fire or theft) operational factors (access to credit, cost cutting, advertisement)
Internal integration is an important function for establishing essential social structures and aiding socialization at the workplace. Culture-shaping factors include: [13] [clarification needed] External environment; Industry; Size and nature of the organization's workforce; Technologies the organization uses; The organization's history and ...
Business economics is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with labour, capital and product markets. [1]