参与战略规划的企业会预测情况并管理那些会影响业务的因素（Hasle et al。，2012）。在贷款限制正常化之前探索其他财务资源，制定符合相关规定的计划，加强服务和创新以获得竞争优势，这些都是重要的或者是企业的生存。
Businesses that engage in strategic planning anticipate the circumstance and manage those factors that will affect the business (Hasle et al., 2012). Exploration of other resources of finance till the lending restrictions normalise, development of plans that are in compliance with the related regulations, enhancement of service and innovation in order to have a competitive edge are important or survival of a business. The internal factors are the base for a business. A firm can only be eligible to compete in the market when it is appropriately established. If the internal factors are no in co – existence and functioning properly, the chances of survival in the external environment is less (O’Donnell, 2013). If the internal factors are appropriately strategized, it makes the firm more effective and thus survival in the external environment is possible. For example, if a company has a client base and is required to deliver the goods and services, internally there is mayhem which results in productivity getting effected, this will not only result in losing the client, but also the goodwill is effected and the competition is benefitted.
Hence, it has been justified with the above argument that in the context of small firms, the internal factors get prominence over external factors. A small firm is already restricted in a number of ways. The firm is in control of the internal factors, while the external factors cannot be contained. In order to cope with the limitations, the firm will modify the internal factors as per the demand of the situation on hand to support the success of the firm; however, it is required of the firm to adjust in accordance with the external factors.