Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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How does the external environment affect managers’ decision and what
approach/approaches would you take to tackle the environment?
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- Explain the different components of the internal environment of a business and how they influence decision-making and strategies.arrow_forwardHow can organizations ensure that their plans are flexible and adaptable to changing circumstances?arrow_forwardHow does technology and digitalization influence the planning process and the way organizations strategize for the future?arrow_forward
- Identify 3 critical success factors (CSFs) for an organization.arrow_forwardMangement What is the importance of long-term strategic planning in the success and sustainability of organizations and how does it differ from short-term planning?arrow_forwardQ1 Why is ethical decision making like software engineering? Q2 Are whistle-blowers saints or blackmailers?arrow_forward
- Discuss the challenges that organizations might face during the implementation of their plans and strategies.arrow_forwardDiscuss why ethics is important for managers and identify recent events that call for a renewed commitment to ethical management.arrow_forwardIdentify and describe the levels of management, including the various types of decisions managers at each level make.arrow_forward
- Examine some of the business strategies you would suggest meeting the management challenges if you were managing each of the following: Small business firm Large multinational Government Agency Non-Government Organisation.arrow_forwardWhat are the ethical considerations in planning and decision-making within organizations? How can ethical principles be integrated into the planning process?arrow_forwardROLES OF MANAGERS IN MANAGEMENT?arrow_forward
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