Part 1
The success of every organization depends heavily on its strategic planning However, there are several external factors that affect the performance of the organization in either local or international market (Knights & Willmott, 2012)
Political factors influence the development of the organization in the market Different factors such as policies and rules of competition in a country have a major impact on how a business handles itself in the market This affects the overall competitive advantage of the business in the market (Knights & Willmott, 2012)
The economic factors are of great importance in creating a serene environment for the organization Different aspects such as interest rates and exchange rates affect the performance of the business
Received on Wed Dec 09 2020 - 17:11:33 CET