Question: Why is it important for an organization to study and understand its external environment?

Why is it important for an organization to study and understand its external environment?

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 Economics Questions!

Q:

Why is it important for any organization to study and understand its external environment? Provide some examples of what could happen if the organization did not study its external environment.

Q:

Mini Case: Build Your Dreams (BYD) to Sidestep Entry Barriers The Big Three GM, Ford and Chrysler, dominated the United States car market throughout most of the 20 th century. As the competition in...

Q:

1. In what situations is top-down planning likely to be superior to bottom-up strategy development? 2. Why is it important for an organization to study and understand its external environment?

Q:

Why is it important for an organization to study and understand its external environment?

Q:

please answer asap thank you 1) Why is it important for any organization to study and understand its external environment? 2) How do the five competitive forces in Porter's model affect the average...

Q:

Why is it important for an organization to study and understand its external environment?

Q:

explain 1. In what situations is top-down planning likely to be superior to bottom-up strategy development? 2. Why is it important for an organization to study and understand its external environment?

Q:

Why is it important for an organization to study and understand its external environment?

Q:

Elaborate a reply for this forum discussion post It is important for a firm to study and understand the external environment because that environment can determine what strategies the company will...

Q:

Be sure to reference your textbook to indicate your sources. 1. Why is it important for a firm to study and understand the external environment? Provide an example in which a company did not study...

Q:

Indicate whether each of the following circumstances is a violation of the Code of Professional Conduct. Explain briefly why you selected your answer. a. The dependent child of a partner in a CPA...

Q:

Gardi Inc. sold a unit of inventory to a buyer for $1,000 payable in one year. Gardi estimates that the interest rate for a similar financing arrangement would be 8%. The unit of inventory normally...

Q:

Private Equity companies sometimes uses Debt in transactions known as LBOs or Leveraged Buyouts - to purchase companies. In these transactions, the company borrows to buy out large amounts of...

Q:

discuss the importance of cross-functional of teams, departments and vendors in addressing and treating an outbreak of whooping cough and address the problems to be addressedand the issues which may...

Q:

5. What is meant by the statement, when we attribute a different meaning to a situation, the situation will consequentially change for us?

Q:

10. Using a conflict in your local community as your starting point, discuss how conflicts can be resolved using the following strategies: a) Making the cake bigger b) Providing compensation that is...

Q:

9. What is meant by the statement, the context is only relevant to us if we understand what it is trying to say?