UB5 : Internal Factors

Question 1

Corporate Culture

Answer 1

Corporate culture is sometimes referred to as organisational culture .
It consists of everything to do with the organisation including its values, emotions, beliefs and the language used.
It is also to do with the attitude and behaviours that members of the organisation adopt because of the culture within the organisation.

Question 2

Staffing

Answer 2

This refers to the quality and skills of the workforce to ensure the business succeeds​.

Question 3

Finance

Answer 3

The funding necessary for the business to pursue its objectives​.
Finance is of interest to businesses as it allows an organisation to purchase resources​
Businesses have a degree of control over finance in the way they try to obtain it e.g. bank loan, government funding, etc.​

Question 4

Current Technology

Answer 4

Refers to the Technology available to a business to ensure efficiency and also to boost its profile.