Understanding business 7) - internal factors

Internal Factors 

Corporate culture - corporate culture is the shared values and beliefs of those working within the business. When managers set an ethos of mutual trust and respect, employes feel valued and are empowered to always give their best.There is an increase in workers being given the oppertunity to work more flexibly, e.g may be able to set own hours or work from a place of their choice, freedom like this encourages loyalty and can mean that staff work rates can increase. 

Staffing - all businesses need stability. A high turnover of managers does not provide this stability as every new manager, or management team, joining the business will come with their own ideas and initiatives. There may be an underlying problem if a business loses managers in quick succession. Maybe low pay, or may be controlled…