Background Information

The external environment may potentially have a significant impact on managerial decision$-$making.

In our internal environment, the organization$$s core competencies $($such as human resources$)$ and capabilities $($the strengths within the organization$)$ can be managed internally.

However, the external environment $($political$,$ economic, sociocultural, technological, legal, and environmental$),$ cannot necessarily be controlled but instead must be managed. This is where the impact of the external environment is critical for managerial decision$-$making.

Let us take a few examples for consideration:

The $2023$ Earthquake in Turkey

BREXIT $-$ The United Kingdom$$s exit from the European Union

The $2020$ Pandemic

Supply chain disruptions, etc.

Can you imagine how all international companies were challenged with decision$-$making in these situations? This leads us to our assignment.

Instructions

For this assignment, consider an organization where you work $($or an organization with which you are familiar$).$ Prepare a memo addressed to an executive in the organization that includes the following:

Describe a specific situation that a manager$/$s faced within the selected organization. Which aspect of the external environment impacted the decision made and what was the decision?

Explain the steps that the manager$/$s took to resolve the issue.

Apply what you have learned from this example, and explain how you may have resolved the situation differently.