External environmental analysis studies a company’s industry, competition, and political and social environments. Changes in the external environment are beyond a company’s control, but regularly reviewing it can help companies maintain a competitive advantage. Opportunities and threats should be identified and a plan developed to exploit or overcome them. An external environmental analysis studies information […]
External internships offer practice-based learning opportunities for students in various fields. They are shorter and less extensive than traditional internships and may or may not offer academic credit. Some schools require students to participate in internships, and many offer referrals to programs. Students may receive academic credit for internships, depending on the institution. An external […]
External wholesalers promote pre-packaged investment products to brokerage firms and licensed agents. They are assigned to specific product lines and work alongside internal wholesalers. During sales presentations, they explain key features and benefits of certain mutual funds and receive commission when a representative sells a product. An outside wholesaler markets mutual funds, annuities, life insurance […]
The external market offers investment opportunities across national borders, including stocks, mutual funds, futures, and bonds. It is less regulated than the domestic market, but offers higher rates of return. Experienced investors with diverse portfolios are more likely to invest in this market. New issuances are regularly made and can be accessed through financial publications […]
The external environment of an organization consists of task and general factors that can affect day-to-day operations. Competitors, customers, and suppliers are directly interactive dimensions of the business environment. General factors, such as economic, technological, sociocultural, political, and global influences, can indirectly influence business decisions. External environment normally refers to external forces that can affect […]
External verification involves using a third party to confirm a company’s financial transactions and operational processes. The scope of the audit varies depending on the reason for the audit, and the auditor is granted access to all relevant documents and data. This type of audit can be conducted at the request of the business itself […]
External equity is how employees perceive a company’s compensation structure. Paying below market rate results in negative equity, while paying above it may not attract better employees. Companies can evaluate their external capital through internal and external HR factors. Compensation plans include wages/salaries and benefits, which can be used to raise external capital. The level […]
Foreign investment is a powerful force in global economies, with investors seeking lucrative opportunities abroad and governments enacting policies to attract them. The term refers to any investment in which an entity acquires assets outside its home country, and can take the form of real estate or stocks. Governments seek to attract incoming foreign investment, […]
External audits are independent evaluations of financial records conducted by accountants or auditing firms. They ensure standard accounting practices are followed and are often conducted annually, making it difficult for irregularities to go unnoticed. Non-profit organizations often include provisions for external audits to ensure transparency. Audit management software can simplify the process and ensure compliance […]
External debt refers to the amount of money a country owes to other countries or external banking organizations. International Financial Institutions (IFIs) specialize in loans to developing nations to improve infrastructure and economic activities. For external debt to be sustainable, a country must have a high enough GDP to pay off and eventually repay the […]
An external report is a public-facing organizational report that omits proprietary information. Companies create these reports to provide relevant information to consumers and investors. The report may contain an overview of the company’s operations or financial information. The report should be organized logically and omit confidential information. An external report is a term used to […]
External resorption is when the body attacks and destroys the root of a tooth, usually caused by trauma or infection. It differs from internal resorption and almost always results in tooth extraction. Ankylosis can occur, causing more serious dental problems. Treatment involves tooth removal and implant placement. External resorption occurs when the root surface of […]
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