Question: 6- Discussion - External and Internal Environment Last week we reviewed the impact that vision and mission statements have on strategy and why these three

6- Discussion - External and Internal Environment

6- Discussion - External and Internal Environment Last week we reviewed the impact that vision and mission statements have on strategy and why these three elements should be aligned. Since a company does not operate in a vacuum, its operations are affected by factors outside and inside the company. How can a manager decide if an external factor is an opportunity or a threat? Could the same factor present both an opportunity and a threat to a company? How well is the company equipped to to take advantage of an opportunity or to fight a threat? By Friday, May 22,09:00 AM CST select any company and identify and describe three external factors impacting its business. Are those opportunities or threats? Why? How did you determine it

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!