Question: Why is it important for managers to understand the external environmental components?

Why is it important for managers to understand the external environmental components?


Step by Step Solution

★★★★★

3.39 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The external environment consists of numerous factors that ha... View full answer

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

Document Format (1 attachment)

Word file Icon

216-B-M-L-G-M (341).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!

Q:

Why is it important for managers to understand the environment in which their businesses operate?

Q:

Why is it important for managers to understand the concept of break-even points? Are there any drawbacks?

Q:

Why is it important for managers to understand the forces in the global environment that are acting on them and their organizations?

Q:

Why is it important for managers to understand the external environmental components? Give specific examples as you analyze the various components in the external environment. use at least 275 words!

Q:

How might an organizational culture influence the way managers make decisions? Why is it important for managers to understand the external environmental components Include references

Q:

How might an organizational culture influence the way managers make decisions? Why is it important for managers to understand the external environmental components?

Q:

How might an organizational culture influence the way managers make decisions and why is it important for managers to understand the external environmental components? Use a minimum of five hundred...

Q:

7-9. Why is it important for managers to understand the external environmental components?

Q:

Discuss why is it important for a manager to understand the external environmental components?

Q:

Discuss why is it important for a manager to understand the external environmental components?

Q:

Smith Company had an unadjusted cash balance of $8,550 as of April 30. The companys bank statement, also dated April 30, included a $100 NSF check written by one of Smiths customers. There were $920...

Q:

Company XYZ is a manufacturing company. During the month of March the company produced 100 units. During the same month, the company incurred total direct materials cost and total direct labor costs...

Q:

10. Magnesium reacts with chlorine to form magnesium chloride. Draw diagrams to show the electronic structures and charges of both ions present in magnesium chloride.

Q:

What do you understand by accord and satisfaction? Write a short note on the novation of a contract. (Ref. Para-7.3)

Q:

Problems 112 and 113 raise the question of the reliability of the bearing pair on the shaft. Since the combined reliabilities R is R1 R2 , what is the reliability of the two bearings (probability...

Q:

Give some examples of vendor provided tools

Q:

Search the Internet for an interesting case involving privacy and write a 1-page report on it.

Q:

\\[ \\begin{array}{l} 14 /(11-4) \\\\ 9+12 *(8-3) \\end{array} \\] 2.20 What value will be assigned to result after the following statement executes? result \\( =9 / / 2 \\)

Q:

5. (20 points) A highway construction firm is working on a cut-and fill stretch of roadway for which dump truck and power shovels are the primary equipment being used. Time studies reveal the...

Q:

Suppose you have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will have a 24% APR based on end-of-month payments. Use a financial...