Internal and External Environments that Influence International Businesses

The international business environment has constantly been changing, thereby revealing different factors that may otherwise affect businesses. These environments are useful in international managerial economics since they help define the international environment in which managerial economists work. Over the years, scholars have revealed that various internal and external environments have influenced international businesses in varying ways (Indris & Primiana, 2015; Ibrahim & Harrison, 2020; Casas, Kavaliauske, & Dambrauskaite, 2011). Since international businesses venture on different markets, these environments, particularly the external environments, may affect organizations, countries, or parties in different ways. Nevertheless, some environments affect all international businesses across the board.u00a0

Several external environments affect international businesses, including the economic environment, competitive environment, political environment, and consumer environment. When the economy in which an international business operates is bad in an economic environment, the business may be adversely affected. A bad economy means that a given business may have reduced profitability due to the existing economic threats. The economic environment is deemed as an external environment since an organization cannot control it. The competitive environment is among the leading environments that can either benefit or significantly affect an international business (Tahmasebifard, 2018). Since corporate businesses do not influence the competitive environment, they must have competitive intelligence to successfully manoeuvre in this environment. The political environment and the consumer environment can also significantly influence an international business. On the one hand, the political environment dictates the mandates that international businesses must follow within a given country or region. On the other hand, the consumer environment dictates the preferences of goods and services.u00a0

The most notable internal environments that affect international businesses include the organizational environment that includes employees, organizational culture, and resources. For instance, employees are the main stakeholders of any organization. They have the ability to dictate the success or failure of a given organization. However, international businesses influence employees. They may influence them using motivation or reinforcement, thereby shaping their productivity and efficacy. International businesses also influence organizational resources and can use them to promote the company’s efficacy, productivity, and profitability

Emmanuel Addo

Emmanuel Addo is the founder of the Young Global Leaders Network, an international non-governmental organization registered in six (6) countries namely, Ghana, United Kingdom, Nigeria, Sierra Leone, Democratic Republic of Congo, and South Sudan and has a membership strength of over 15,000 young black professionals, students, graduates, and aspiring leaders.

The organization also operates in 25 other African countries. Emmanuel also doubles as the chief convener and founder of the Young African Leaders Summit, one of the largest continental youth summits in Africa.  

Currently works at Kingston University as a Business Engagement Team Member in their Partnerships and Engagement Department. 

He characterizes energy, integrity, result-oriented, and ground-breaking service in each detail of strategic management, change management, stakeholder management, and leadership acquaintances.
Emmanuel owns a core background in Sociology and Psychology from the University of Ghana.

Leveraging his experience as a youth activist and a dynamic young man, Emmanuel founded the Young Global Leaders Network, a youth organization that comprises young diplomats, young politicians, and aspiring politicians, business/entrepreneurial business leaders with the aim of championing a mutual agenda for the African youth and promoting youth participation in governance as well as promoting entrepreneurial culture.
Emmanuel nurtures an environment of teamwork and has expertise in data collection and analysis as well as both quantitative and qualitative methods.

Emmanuel worked as an Associate Lecturer at the London College of Advanced Management where he delivered a wide range of business management courses that involved principles of marketing, leadership, operation management, and research methods. Emmanuel has always maintained high teaching and learning standards to ensure that his students’ stand out in academic achievements and successful progression. As a stout believer and passionate key player in volunteering; Emmanuel creates quality time to giving back gladly to his community what he has learned and to educate individuals with free consultancy on career development. He is a leader anyone would love to look up to and with great integrity, commitment, and passion to make the world a better place.
Emmanuel worked as Qualifications Manager at the Open University in the UK.

Emmanuel is also the founder of Kickstart Innovation Hub Ltd, the entrepreneurial hub of Young Global Leaders Network.