Question: Read the case below and answer the questions that follow: Understanding of environment by business managers enables them not only to identify and evaluate, but

Read the case below and answer the questions that follow:
Understanding of environment by business managers enables them not only to identify and
evaluate, but also to react to the forces external to their firm. In light of the statement, explain by
giving any five points why in the present-day competitive market, it is essential for a business
enterprise to remain alert and aware of its environment. (25 Marks)

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!

Q:

Question 5 (25 marks) Read the case below and answer the questions that follow: Understanding of environment by business managers enables them not only to identify and evaluate, but also to react to...

Q:

Will you please answe it by order, I would really appreciate that, thank you Seventh Generation: Responding to the Marketing Environment Taking an Iroquois directive - "In our every deliberation, we...

Q:

Kindly assist with this Change Management question: Page 1: Page 2: Page 3: Page 4: Question 4 (25 Marks) Philips assembled a project team with members from every department involved in the delivery...

Q:

CASE STUDY READ THE CASE STUDY AND ANSWER THE QUESTIONS THAT FOLLOW: Title: Navigating Business Realities: A Dual Perspective Case Study on Micro and Macro Environments This case study delves into...

Q:

THE CASE: Kaizer Consulting Kaizer Consulting is an international management consulting firm that specializes in business strategy and serves as a key advisor to the worlds leading companies. It...

Q:

Kindly help with this Change Management question: Page 1: Page 2: Page 3: Page 4: Question 2 (25 Marks) There was a sense of complacency inside the company - we will survive because we always have...

Q:

Ultra Motor Company Limited and the E-Bike This activity is important because three primary forms of business ownership-sole proprietorship, partnership, and corporation-are the most often used,...

Q:

Objective The Case will focus on issues related to the cultural aspect of international business. Sustainable business practices include CSR issues, foreign investment, and the benefits of regional...

Q:

This is BMG302/05 Organisational Behaviour subject. Need full-page answer according to (10marks) and I have provided some guidelines below, the answers should follow the guide given. Guidelines from...

Q:

1. Which characteristic of strategic leadership might support Mayers decision to end Yahoos work-at-home policy? Strategic leaders spend 67% of their time in face-to-face meetings. Strategic leaders...

Q:

Leon Corporation has authorized 400,000 shares of $1 par value common stock, of which 320,000 are issued and 280,000 are outstanding. On May 15, the board of directors declared a cash dividend of...

Q:

How is the logistic map equation and Feigenbaum constant applicable to the real world?

Q:

The average gross margins ( selling prices less merchandising costs ) for conventional supermarkets have averaged about what percent of sales? Group of answer choices 1 0 - 1 2 2 0 - 2 2 5 - 6 4 0 -...

Q:

( i ) . Illustrate with suitable flow diagrams, congestion control algorithm specifying various phases involved for strong or weak congestion conditions at transport layer. ( ii ) . Encrypt the...