Factors affecting Decision Making Flashcards
(8 cards)
1
Q
Name the Internal influence F
A
Finance- Funds available to make chnages
2
Q
Name the Internal influence E
A
Employees- Resistant to change
3
Q
Name the Internal influence ET
A
Equipment/Technology- Capabilities of existing technology
4
Q
Name the Internal influence M
A
Management- Skills in decision making
5
Q
Name the the External influence P
A
Political Factors- Govt Policies and legal restrictions
6
Q
Name the External influence E
A
Economic- Recessions/Booms, currency, interest rates
7
Q
Name the External influence S
A
Social Factors- Demographic changes, Social trends
8
Q
Name the External influence T
A
Technology- New/Future changes in technology
