Contemporary Developments in Business and Management

Business Management

Every organization , business has its own goal and target . Goals define the concerned organization . The goals are clear and remove ambiguity and confusion and the base of every organization lies on its goals . Goals are the statements which give clear picture of the organization and why the organization is established . For achieving the goal the company strives hard , makes difference policies . The success of the business lies upon many factors some of them are internal factors while some are the external factors . Before discussing how both internal and external

factors impact on any organization it is necessary to know which the internal and external factors are . Here below is the diagram which shows us which are the important internal factors that affect the business [1] Intelligent software for business planning HYPERLINK "http /www .brs-inc .com /index .asp " http /www .brs-inc .com /index .asp

Internal factors are those factors which come from within the organization such as

The core strategy of your business

The quality of your people and their ability to meet the strategy

The quality of execution of the policies , processes and projects needed to meet strategic goals

The quality of leadership in the organisation , training development programs [2]

External factors are equally important and they are as follows

Advertising

Quality of business reputation , or quality of products business produces

Competition by other businesses

Thus both internal and external factors play key role in attaining the goals of the organization or the industry . Let 's discuss about...