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Every business experiences external influences which they need to manage properly.
Member rating: No Rating | Words: | Submitted: Thu Oct 23 2003
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Every business experiences external influences which they need to manage properly. They normally have less control over this. A business has to face external influences from three main areas: 'Business Competitors', 'Economic Conditions' and 'Environmental Constraints'. If a business does not respond to these changes efficiently then it is unlikely to be successful because its competitors will steal its customers. "Business Competitors". A. Nearly all businesses face competition with other firms. The competitors of Tesco are other businesses which provide similar products and services as it does. Tesco's local competitors are local newsagents; butchers and local grocery stores etc. Its national competitors include Safeway and Woolworth's. Tesco also has international competitors which includes Asda. Errol Anderson (Motors) has competitors too. Its local competitors are any business in his local area that provides any similar services or products as him. Its national competitors include 'AA Brake down services' and its international competitors...
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