internal
(adjective)
Concerned with the non-public affairs of a company or other organization.
Examples of internal in the following topics:
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Combining Internal and External Analyses
- Using combined external and internal analyses, companies are able to generate strategies in pursuit of competitive advantage.
- Organizations must carefully consider what internal assets will differentiate them from the competition, within the same competitive environment.
- This internal analysis requires careful consideration of the following models and factors:
- Context analysis considers the entire environment of a business, both internal and external.
- Apply a comprehensive understanding of internal and external analyses to the effective formation of new strategic initiatives
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Internal Stakeholders
- Employees, managers, corporate leaders, and owners/stockholders are examples of internal stakeholders.
- Other interests may vary between the different types of internal stakeholders.
- A manager is an example of an internal stakeholder.
- This diagram describes a company's typical stakeholders, both internal and external.
- Differentiate between external and internal stakeholders, with a particular focus on the ethical responsibilities an organization has to its internal stakeholders
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SWOT Analysis
- A SWOT analysis allows businesses to assess internal strengths and weaknesses in relation to external opportunities and threats.
- Strengths: internal characteristics of the business that give it an advantage over competitors
- Weaknesses: internal characteristics that place the business at a disadvantage against competitors
- Strengths and opportunities (the S and O of SWOT) are both helpful toward achieving company objectives, but strengths originate internally while opportunities originate externally.
- Similarly, weaknesses and threats (the W and T of SWOT) are harmful toward achieving objectives, but weaknesses originate internally and threats originate externally.
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Internal and External
- The control process can be hindered by internal and external constraints that require contingency thinking.
- This means that any time organizations encounter substantial internal or external constraints, it is the role of management to create a strategy to circumvent them.
- With this in mind, we can summarize internal constraints as any one or any combination of the following:
- This flowchart illustrates how an internal control system can be integrated into the production process: mid-level managers of one department can monitor and QA other departments' output.
- Examine the external and internal control constraints that may limit efficiency in the control process
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The Impact of External and Internal Factors on Strategy
- Analysis of both internal factors and external conditions is central to creating effective strategy.
- However, management has some strategic control over how these various internal conditions interact.
- It is a useful mind map for management to fill in during the derivation of internal strengths and weakness.
- The external environment is even more diverse and complex than the internal environment.
- Examine the discrepancies between internal proficiency and external factors to capture strategic value
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Assessing an Organization's Technological Needs
- Assessing the internal technological assets and future needs of an organization prepares management for successful technology integration.
- Technology Portfolios - accumulating all technologies relevant to products or operations to determine which are ideal for internal implementation.
- This internal technology assessment also includes noting when and whether it is necessary to construct employee training programs for new technology.
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Culture-Specific Nuances of Human Resources Management
- As a result, analyzing both the way in which the internal human resources (HR) department at a given business approaches international hires, alongside the external consideration of the way in which international companies pursue human capital, is a critical strategic and competitive consideration within most industries.
- As the potential for reaching consumers from difference cultures increases with globalization, so to does the value of incorporating an understanding and reflection of these consumers internally within the corporation.
- This question is absolutely critical to international success, and tends to be precisely where multinational companies who don't succeed trip up.
- Recruitment for international projects requires HR to make a decision between hiring an expatriate from the home country of corporate HQ or hiring locally.
- Model recruitment and onboarding processes to incorporate a broader international context.
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The Challenge of Globalization
- Globalization is the international integration of intercultural ideas, perspectives, products/services, culture, and technology.
- In general terms, globalization is the international integration of intercultural ideas, perspectives, products/services, culture, and technology.
- These form the central system of international exchange, allowing businesses to create meaningful relationships worldwide with minimal time investment and costs.
- Managers should also be aware of the best way to approach global demographics from a business to consumer perspective, taking an international product or service and localizing it successfully.
- The organization must place an international focus on product design, development, and QA to ensure its broad relevance while also localizing marketing to tailor its appeal to individual markets.
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The Importance of Motivation
- To increase employees' efficiency and work quality, managers must turn to understanding and responding to individuals' internal and external motivations.
- External motives include work environment (e.g., cramped cubicle vs. airy, open office); internal motivations include thoughts and emotions (e.g., boredom with performing the same task over and over vs. excitement at being given a wide variety of project types).
- The three internal motives are needs, cognitions, and emotions.
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Whistleblower Protection
- Whistle-blowers may make their allegations internally (to other people within the affected organization) or externally (to regulators, law-enforcement agencies, the media, or groups concerned with the issues).
- Many organizations establish internal processes through which employees can come forward if they suspect an ethical or legal violation has occurred.
- Some organizations have an ombudsperson who handles such matters on a confidential basis and advises the employee about their options should they wish to take formal steps to report the breach to the appropriate internal or external authorities.