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Influences Affecting Business Opportunities in NSW
The purpose of this report is to present an analysis of how various internal and external influences on businesses and how they can impact on business opportunities in NSW.
The report will detail the main internal and external influences which have impacted five different businesses within NSW. It will discuss what the reasoning of it was and describe how these influences will impact business opportunities in NSW.
In NSW there are currently many internal and external influences which impact on how business operate and determine what happens to them. Throughout my investigation on 5 different businesses I noticed that there are some issues which continue to affect more than one business. If you look at figure 1.1 you will see how the different businesses were affected.
External Influences (Only displaying the types that affected the businesses)
External influences Economic Financial Geographic Technological Competitive Situation
OneSteel x x
Acciona x x
Qantas x x
Farming x x
IPS Logistics x x x
Internal Influences (Only displaying the types that affected the business)
Internal Influences Management Business Culture
Qantas x x
From looking at the table in figure 1.1 we can see that in the external influences the one that affected business the most was finance closely followed by geographic. This helps...