Question: Need a new different perspective for a Response Post on this ( Initial Discussion Post ) Discussion post Why is it important for any organization
Need a new different perspective for a Response Post on this Initial Discussion Post
Discussion post
Why is it important for any organization firms nonprofits, etc. to study and understand its external environment?
Initial Discussion Post
External forces on an organization are important to understand because they impact organizations internal and external opportunities. The external environment includes politics, the economy, cultural influences, technology, ecological impacts, and legal obligations Rothaermel All of these areas of the external environment are changing forces and keeping informed about things like the economy or labor force changes like the Boeing strike in my area. Also economic changes such as interest rate changes can help companies be nimble and ready to change business strategies according to the current forces.The Nov election is something many companies will consider when looking into next year because political changes may impact many organizations.
Rothaermel, Frank.Strategic Management: Concepts. London, McgrawHill Education,
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