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Business strategy
External factors that affect a business.
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[QUOTE="Chibson, post: 210906, member: 27553"] [FONT=Times New Roman]Most of these factors really affects the performance of businesses in most cases. In a country where the government has some policies which may be favorable to businesses, then you would observe that every business in a particular country will definitely do well provided the business people have proper knowledge and understanding of how businesses works. But in a country where by there is no favorable laws for businesses then you would also observe that no matter how good you are in business, many businesses may actually not succeed in a particular country. there are also a lot of environmental factors that affect businesses like you have stated. In an environment whereby running a business is not good then there's no point to situate your business there because it will definitely not do well. Anybody that wants to start a new business should make proper research by asking questions about her business is trials in particular country or environment. I always advise people that wants to venture into new businesses to look for a monopolistic environment because they will do well and succeed more, than in competitive environment. Competition usually kills New businesses and it is one of the major factors anyone I want to venture into a business must consider.[/FONT] [/QUOTE]
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