Business

The NSW Department of State and Regional Development Issues

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HOW INTERNAL AND EXTERNAL INFLUENCES MAY IMPACT ON BUSINESS OPPORTUNITIES IN NSW! !
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Due date: 12 - 3 - 14! Requested Date: 18 - 2 - 14

Ruby Philpott

Table of Contents!
! ! External Influences! ! 1.1. Institutional! ! 1.2. Economic! ! 1.3. Social! ! 1.4. Geographical & Global! ! 1.5. Government & Political ! ! 1.6. Competitors ! ! 1.7. Legal! ! 1.8. Financial ! ! 1.9. Technological! ! 1.10. Markets! ! ! ! ! Internal Influences! ! 2.1. Product! ! 2.2. Location! ! 2.3. Resources! ! 2.4. Management & Business Culture! ! ! ! !

Internal and External Influences of Businesses!

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Internal and external influences have an affect on businesses opportunities around NSW in a variety of ways, and can help improve a businesses to economically expand. ! This report will show insight on the influences and the issues in businesses today, using ten examples of current business articles that directly impact NSW. These articles will identify the internal and external influences on business, which include: ! External: Institutional, Economic, Social, Geographic & Global, Government & Political, Financial, Markets, Competitors, Technological and Legal. ! Internal: Products, Location, Resources and Management & Business Culture! This report will show how heavily these influences impact businesses today. ! What separates the two influences is who has controls over them. Internal influences are controlled by the business itself, while external influences are out of the businesses control. However both have the capacity to impact a businesses greatly. !

! External Influences! !

1.1. Institutional! ! Institutional influences can impact a business as it is based on industries and government ! bodies. e.g. The Meatworkers unions of the Bindaree Beef will to strike if they don’t receive ! the pay rise they asked for, but the business owners are willing to shut the plant entirely if ! they proceed...