Influence Of Internal And External Influences On Business

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A business can either take a step forward or a step back depending on the external and internal influences and how they handle them, they can either flourish or enter stages of degradation and cessation. External and internal influences on a businesses plays a part in the opportunities that arise in the industry the business operates in, otherwise the business may choose to venture out of it’s defined industry depending on the opportunities at hand. Businesses are affected by internal and external influences to a degree where they are either benefiting or suffering from the way they handle opportunities that arise. The five articles depict the problems encountered by businesses no matter their size or industry.

An internal influence is something the business can control, however the business has no control over external influences. A business will produce a product depending on the popularity of the product. If the customers are particularly interested in a range of products the business sell, the business will most likely become aware and take action to make sure their best selling products are readily available. Mc Donald’s breakfast menu is vastly popular and …show more content…

This issue is clearly internal as Telstra’s servers collapsed, causing millions of pre-paid customers across Australia not able to make phone calls. This incident is not new to Telstra as it is the second time it has occurred in a month. The stakeholder that benefits from this is competitors. Customers now question the reliability of Telstra after this and may consider changing mobile provider. Shareholders are effected the most are the share price will probably plummet due to the incident that occurred depending on the severity. In this case the shareholders saw the decline in Telstra’s share price. This issue may have put stress on the employees as they try to bring the severs back online as quick as

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