Explanation: External factors are factors outside of an organisation or an institution that has the capacity of either adversely or positively affect the institution or the Organisation.
For an institution to prosper and perform optimally in an economy.or a country, such Institution must put into cognisance the possible external threats that are capable of affecting it, when Organisations or Institution put strategies in place to control or mitigate such externalities,the institution or Organisation will sure Prosper.
