M:MANAGEMENT
6th Edition
ISBN: 9781260062885
Author: BATEMAN
Publisher: RENT MCG
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 3, Problem 4LO
Summary Introduction
To discuss: The ways the managers responds for the changes in external environment.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Discuss how a change in the environmental and social world of a company will impact the company through its working ate.
Discuss the factors of the macro-environment. Give examples for each of the factors.
In what areas would business managers need to develop in order to further their position?
Chapter 3 Solutions
M:MANAGEMENT
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- How can businesses better deal with turbulent, high-velocity markets or volatility in the business climate using various strategies?arrow_forwardWhy do demographic shifts and technological developments create both challenges and new opportunities for business? Can managers in business firms control the elements in the external environment, or do they simply have to react to changes that are beyond their control? Give examples that support your conclusion. Describe in general terms how each element of the external environment (economic, technological, socio-cultural, political-legal, global, and business) affects business firms.arrow_forwardHow do social and cultural factors influence the business environment, and what are some strategies for organizations to adapt to diverse societal expectations and norms?arrow_forward
- How do technological advances impact the business environment and what management strategies can be implemented to adapt to these changes?arrow_forwardWhat disruption factors could be important but likely not subject to change by management ?arrow_forwardHow do cultural and social factors impact the business environment and what management strategies can be employed to address them?arrow_forward
- Describe five ways used by managers to adapt to changes in the business environment.arrow_forwardHow does the external environment affect managers’ decision and whatapproach/approaches would you take to tackle the environment?arrow_forwardWhy it is important for business enterprises to understand their environment? Explain briefly.arrow_forward
- What are the key challenges facing managers in today's rapidly changing business environment, and what strategies can be employed to address these challenges?arrow_forwardExplain why is it important for a manager to understand how the MARKET FORCES behave? Make sure to give a concrete examples in your discussion.arrow_forwardwhat are the strategic imperatives and strategic alternatives of the metaverse?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios