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What is external factors? 

Research Question

What is external factors? 
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Academic Insights

External factors are elements outside an organization that can influence its performance, stability, and growth, often leading to uncertainty and instability.

Key Insights

  • Business Environment:

    • External factors in the business environment include economic conditions, legalities, technological factors, and competitive factors, which significantly impact business success .
    • Family businesses are particularly affected by external factors that they cannot control, necessitating early identification of undesirable conditions to respond more quickly .
  • Nursing Profession:

    • In nursing, external factors such as workplace conditions, organizational philosophy, and managerial performance influence nurse resilience, which is critical for maintaining well-being and quality patient care .
  • Democratization:

    • External factors influencing democratization in developing countries include international political and economic systems, cultural and social communications, and foreign policies of influential bodies like the U.S. and EU .
  • Public Catering:

    • The success of public catering enterprises is influenced by external factors such as sanctions, investment levels, technological advancements, and educational importance .

Conclusion

External factors are diverse and context-specific, impacting various sectors differently. Understanding and adapting to these factors is crucial for organizational resilience and success.

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Related Questions

  • What are examples of external factors?
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