External and internal Enviromental Analysis

There are certain pre-requisites that should be addressed before the initial work on the establishment of a daycare facility as a business is done. The most principal of these based on the correct evaluation of the objective and subjective conditions surrounding and within the business organization that is setting up the facility. The objective conditions being referred to are the external environmental factors. It is clear that external conditions affect the outcome of the business, which is why these should be identified and analyzed. On the other hand, the subjective conditions are the characteristics inherent in the business organization itself. These too should be accurately defined in order to acknowledge the organizations strengths and weaknesses, as well as potentials. In