Internal and External Influences on the functional area objectives

Assessing the internal and external influences of the different functional area's objectives within an organisation. 

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  • Created by: Milan
  • Created on: 04-01-13 11:06
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Assessing the internal and external influences on the different functional area's objectives
Internal Factors External Factors
Finance department Corporate objectives PESTLE Factors:
Finance - Political
Human Resources (HR) - Economical
Operational factors - Social
Resources available - Technological
Nature of the product - Legal
- Environmental
Market factors
Competitors' actions and performance
Suppliers
Marketing department Corporate objectives Market factors
Finance Competitors' actions and performance
Human Resources (HR) Suppliers
Operational issues Economic factors: Both growth and the
Resources available exchange rate.
Nature of the product Technological change
Political factors
Legal factors
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Operations department Corporate objectives Market factors
Finance Competitors' actions and performance
Human Resources (HR) Suppliers
Resources available Technological change
Nature of the product Economic factors
Political factors
Legal factors
Environmental factors
Human Resource department Financial constraints Economic factors
Corporate culture Political factors
Organisational structure Social factors
Trade unions - employer/ employee Legal factors
relations Competitors' actions
New technology Technological factors
Performance of the organisation and Demographic structure
its departmental areas.…read more

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PESTLE Category Examples of issues in each category that might affect business
Political factors - government economic policies
- government social policies
- the extent of government intervention
Economical factors - the business cycle
- interest rates
- exchange rates
- level of inflation
- level of unemployment
- membership of the EU
- current and forecasted level of economic growth
Social factors - ethical issues
- the impact of pressure groups (e.g.…read more

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