How Exterior Environments Effect The Home Depot Corporation Term Paper

How Exterior Environments Effect The plaza Depot Corporation - Term penning Examplevironments, since the challenges brought in by these milieus are sometimes considered instrumental in making organisations devise mechanisms of overcoming the challenges.The scene of any moving in operations is to make profit. However, for any organisation to maintain emulous advantage, several factors place the success of developing and maintaining competitive advantage. According to Aquinas (2008), one of these factors is the external environments such as social, cultural, religious, jural and political environments. This paper will articulate on these factors and outline their influences on businesses and particularly on The Home Depot Corporation. Apart from internal operations of an organisation, each of the above mentioned external factors restrain been identified as potential influences of the business. Each of these factors affects businesses in different ways. Nevertheless, the line o f business and market determines the level of control that these environments have on the business. For instance, a fast food business would be influenced differently by culture as opposed to how a clothing business would be influenced by the same. In some situations, the external environment has been argued to have configured the internal operations of an organisation, something that leads to slow development or boosts organisations returns (Markham, 2011). For instance, cultural factors may drive an organisation to design or come up with new products that suits the culture of the target market. Political factors may force organisations to operate under the current political environment, something that may end up affecting the business operations that can lead to losses or slow development.Hatch & Cunliffe (2013) argued that organisations that want to maintain competitive advantage must show their willingness to participating in corporate social right (Parboteeah, & Cullen, 2013 ). Social responsibility entails handing back to the society by supporting