Internal Environment

Hello readers, I hope you are all good. Today, I will be writing aboutt the internal environment of a company. In a previous article, I mentioned to you that a swot analysis would help you understand the internal environment. Today I will writing about the internal environment.

An internal environment comprises of the elements which a company can control. These elements can influence the decision being made within a company. The elements includes shareholders, financial resources, the human resources, culture, machines/equipments, organisational structure, work processes, missions, objectives and all other factors.

All Employees should be enforced to follow all the procedures set by senior colleagues. Employees should effectively and efficiently use the resources made available to them (both tangible and intangible resources). They should follow the hierachy when it comes to the organisation structure. Director and managers should also treat surbodinates well. The culture of the company should enhance growth. Machines and equipments should be serviced regularly. Wealth should also be maximized for shareholders. In other words, all these factors should be at an optimal level so as to have a robust internal environment. Thus, contributing to the success of the company.

Make sure your business is halal. Everything should be done seeking the pleasure of Allah. Part of seeking the pleasure means hoping for a reward from Him in this life and the Hereafter. Everything happens according to the will of Allah (you have freewill, therefore, you are responsible for your actions).

Halal means anything lawful Islamically.

Alhamdulillah (Praise be to Allah). May Allah send peace and blessings to Prophet Muhammed (P.B.U.H). Thank you for reading this article. Like this page on facebook. Keep reading this blog regularly. Cheers!

Comments

Eid Mubarak

Hope you have a good one

The saverholic

Image courtesy of dan at FreeDigitalPhotos.net It involves minimal risk saving your money. I always say first save your money in an halal account, once it has reached a particular threshold start investing. The saverholic only saves and saves and saves and cannot afford to take well calculated risks. Because, all you do is to save money. Invest in other markets, the higher the risk the higher the return, diversify your investment portfolio. All individuals that have achieved financial growth of great heights are risk takers, and they know that some risk might turn out negative but they know is all part of the process. They learn from it and apply it to the next risk they take and eventually they become experts at the risk they take (risk taken should not be excessive(too much uncertainty)). Then they end up having 80% success rates which I think is good enough. Make sure your business is halal. Give charity regularly from your income, Allah loves charity an...

The need for constant power supply in developing nations

Hello readers, I will be writing about electricity today. I will be using Nigeria as a case study. Electricity is one of the factors that contributes to the success of an organisation. Developed countries have been able to maintain a constant power supply. If they are able to have constant power then it is achievable. Constant electricity could attract good companies, thereby creating employment opportunities. This could alievate poverty in the developing countries. Thus, the GDP (Gross Domestic Product) of the economy will improve. The challenge here with having constant power supply is also not to pollute the environment as fossil fuel is mostly used for the supply of electricity. Greener alternatives could be used such as tidal energy and wind energy. In my opinion, electricity could be constant in Nigeria if the industry is privatised. The privitisation of the telephone industry made mobile phone easily accessible by individuals. Most people own a phone, both ...

Islam and Business Finance

Search This Blog