Every business exists in a context that has both internal and external factors. Why is it important

Fantastic news! We've Found the answer you've been seeking!

Question:

Every business exists in a context that has both internal and external factors. Why is it important for leaders to know and understand that context? How does context shape strategy?

Related Book For answer-question

Practicing Leadership Principles and Applications

ISBN: 978-0470086988

4th edition

Authors: Arthur Shriberg, David Shriberg

See More Books

Posted Date: Jan 16, 2024 12:27 AM

See More Questions

Critically discuss any two investment strategies in the academic literature based on "systematic factors" (other than momentum) and explain how these could be used in an overall active management...
Read the whitepaper below and summarize what the paper about and discuss the incident response steps the paper mentions and the recovery strategy and phases. Your summary is with 2-3 references and...
QUESTION: 1) CAREFULLY READ THE PROJECT BELOW AND FOLLOW THE POWERPOINT GUIDE ON PROJECT QUALITY MANAGEMENT 2) INPUT EVERY INFORMATION IN THE PROJECT BELOW INTO THIS FORMAT PROJECT INTRODUCTION...
1. Read the following article about the new circle with disney product and answer the following questions. in doing so, take on the role as the marketing manager responsible for the product and...
A case study in the chapter analyzed purchasing-power parity for several countries using the price of Big Macs. Here are data for a few more countries: a. For each country, compute the predicted...
How would YOU explain the relationship between: (i) strategy and structure; (ii) strategy and culture?
With reference to Exercise 11.6, find (a) a $90\%$ confidence interval for the average number of classes attended each day by a student present for 15 days; (b) $90 \%$ limits of prediction for...
To: [Your name] From: Supervising Attorney Re: Kells v. Simns; implied warranty of fitness for a particular purpose Our client, Mr. MerrilSimns, is being sued by Tom Kells for breach of an implied...
Why do you think the advice of the "sharks" is important for entrepreneurial success, particularly given the high failure rate of businesses?
The Fashion Rack has a monthly accounting period. The firms chart of accounts is shown below and on the next page. The journals used to record transactions are the sales journal, purchases journal,...
Two W4 x 13 rolled sections are welded together as shown. Knowing that for the steel alloy used 0-58 ksi and using a factor of safety of 2.7, determine the largest couple that can be applied when the...
What is the major disadvantage of holding emergency funds in the form of bank deposits or short-term investments? Explain Briefly
On average, your firm sells $31,800 of items on credit each day. The average inventory period is 22 days and your operating cycle is 42 days. What is the average accounts receivable balance?
Aylmer Construction Company entered into a contract to build a hospital for the City of London. The contract began on January 1, Y3. It is estimated that construction will be complete at December 31,...
What is the adjusted cash balance per bank if the cash balance per the bank statement is $16,830, there are $7,565 of outstanding checks and $3,280 of deposits in transit?
Company Z" operates in the fast-food industry in your country and is facing a dilemma regarding its pricing strategy for its signature burger. Despite having a loyal customer base, the company is...
Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier. Management has identified two cost drivers-the number of cruises and the number of passengers- that...
Diamond Walker sells homemade knit scarves for $25 each at local craft shows. Her contribution margin ratio is 60%. Currently, the craft show entrance fees cost Diamond $1,500 per year. The craft...
What is charismatic leadership? Is it always desirable?
What is cultural responsiveness? Identify an example of cultural responsiveness that you have observed in your personal or employment experiences.
What are some of the characteristics of a supportive communicative climate?
Input the other metrics from the individual tax returns (e.g., income from wages and salaries, interest earned, and estimated tax payments). a. Review the dollars horizontally across the three years...
Input the IRS Schedules C from the 20132015 income tax returns into a spreadsheet. a. Add percent columns to the right of dollar column for each year. b. Calculate common-sized percentages in the...
Go to a business library or university librarian and locate RMA Annual Financial Statement Studies or a similar publication and locate convenience stores and comparable ratios (e.g., cost of goods...

Every business exists in a context that has both internal and external factors. Why is it important

Question:

Expert Answer:

Every business regardless of its size or industry operates within a larger context made up of both internal and external factors Understanding this co... View the full answer

Practicing Leadership Principles and Applications

Students also viewed these general management questions