Question

What is an external force that affects businesses? motivated employees motivated employees advances in technology advances in technology capable leaders capable leaders the company mission

Answer 1

A company or organization has minimal influence over external factors, such as governmental policy, technology, and market conditions.

External factors:

• Things outside of a firm that affect its success are known as external factors. They may have a beneficial or negative effect. Its only option is to respond to them by taking actions that will support its continued prosperity.
• Situational factors, often referred to as external factors, are influences that come from outside of the individual, such as the surrounding circumstances and people. Situational factors include things like your surroundings, your place of employment and education, and your neighbors.
• Numerous internal and external elements, including society, family, loved ones, ethnicity, race, culture, geography, opportunity, media, interests, appearance, self-expression, and life events, have an impact on identity creation and progression.
• Therefore, technological advancements would be considered an external factor.

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