internal factors

Definition

Inner strengths and weaknesses that an organization exhibits. Internal factors can strongly affect how well a company meets its objectives, and they might be seen as strengths if they have a favorable impact on a business, but as weaknesses if they have a deleterious effect on the business.

Use internal factors in a sentence

  • The internal factors of the business were an asset as the company has cultivated a company culture of hard work and success as the standard.

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  • We were going to offer a contract to a new start up but due to the assessment of their internal factors we decided against doing so.

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  • There were a lot of internal factors that needed to be considered before we went ahead with our plan and executed it.

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