environmental factors

Definition

External elements (economy, politics, regulations, climate, geography, technology, cultural trends, suppliers, competition) and internal elements (financial stability, stakeholder relationships, company culture) which can negatively impact a company's performance or profitability. In business planning, environmental factors must be considered and contingencies developed to counter their influence on future performance.

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The company will be able to become a global industry leader if environmental factors such as earthquakes, tsunamis and hurricanes do not strike and put them out of commission.

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There were a lot of environmental factors that we had to pay attention to that could cause us to mess up something.

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The environmental factors were seriously considered in detail and a bifurcating tree of possibilities was developed to handle each possibility.

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