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Business strategy
Internal factors that affect a business.
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[QUOTE="Richee84, post: 215500, member: 42448"] Business definitely come with it own different kind of challenges and this challenges can either be internal or external in nature. There are several internal factors that can affect a business both positively or negatively and some of these factors are discuss below; Management: The management it self is a very important factor that can affect the growth of a business. The management is seen as the arrow head of the business, they plan, organise control and take decision on vital issue that affect the business. A business with a sound management team will success and make great impact in it line of business but if a business have a weak management team the business might suffer set back. Funding: Another critical factor that can affect a business is funding, every business need a constant financial support to survive and compete well among it competitors. A business with good funding will do very well. Human Resources: Human resources include all the worker employed by the business owner that help in carrying out various task in order to achieve the business objectives. Material Resources: This include all the necessary material that are need in the daily operation of the business. Scarcity of material resources can affect the operation of the business. [/QUOTE]
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