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Train Journal of Sciences, Vol. 15, Suppl. 1, pp 311316, 2017 Copyright 2017 Train University Available online at: http://www.unisz.bg ISSN 13137069 (print) ISSN 13133551 (online) DOI:10.15547/tjs.2017.s.01.055COMPETITIVENESS
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Identify the external factors that may impact the project or organization.
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Analyze the potential impact of each external factor on the project or organization.
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The impact of external factors refers to how outside elements, such as market trends, regulations, or economic conditions, influence a business or organization.
Businesses and organizations that are affected by external factors are generally required to file reports on their impact, especially if they fall under specific regulatory requirements.
To fill out the impact of external factors, one must gather relevant data, assess the effects on operations, and complete the report following the prescribed format, including all necessary details.
The purpose of assessing the impact of external factors is to understand how these influences affect business performance and to make informed decisions based on that analysis.
The information that must be reported includes the nature of the external factors, the degree of impact, measurable outcomes, and any actions taken in response to these factors.
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