Interrelationship Between External Force

        In every business organisation, the internal and external factors have their effects, and these effects also show their signs on the organisation and its system. So the internal and external factors also have some link with each other so that the working is the organisation can happen with all management and balance all the factors that can help to make the system of the organisation smooth and effective. Different authors have a different opinion about internal and external factors. The internal factors include globalisation that means that organisation can run its business beyond boundary limits, economics that means that every country have different economic policies and rules and regulation and that must be followed by the organisation who work in the country.

        Moreover, economy also affect the profitability ratio because different laws and regulations create boundaries for the organization , technology  that means that organization use different technologies according to its requirement and that technology will be updated according to requirement of the organization, and the last factor is environment  that means the environment of the organization is completely different from its country, and if it works at global level then it has very different environment for all its employees. There are also internal factors that affect the business and society in multiple direction that are workplace diversity which means that different challenges are provided to complete their work , employee rights and responsibilities which is the organization’s internal affair that handle by the management, consumer protection that provided by the organization through providing them high quality product and with providing them a complete trustworthy product, governance and corporate citizenship which means that every living person has complete rights and regarding organization every person can get their rights (Dietz.) .

            Business and society will influence these two different factors because these are interrelations with each other, and they affect the business and society is any different directions. It means the globalisation affect the rights and responsibilities of employees because, in every country, the rights and responsibilities are different so the organisation must up to date with the news and changes regulations at a global level. The accounting policies are different in every country, the tax rate, interest rate and many other rules that are internationally set and affect the performance of the organisation.

            Technology also affects consumer protection in such a way that proper feedback now gathers from the customer to know about their view related to product and performance of the organisation. The environment of the organisation should enhance the work diversity in such a way that I can absorb different employees who belong to a different culture and make the environment of the organisation more challenging. The corporate citizenship is going to be an important part of globalisation because people who belong to different countries are going to start work at the same place and they want complete rights related to their life and their basic needs. So we can say that the external factors and internal factors of business and society are interlink with each other and also affect each other performance. 

References of Interrelationship Between External Force

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