MINDTAP F/UNDERSTANDING MGMT
10th Edition
ISBN: 9780357716915
Author: DAFT
Publisher: CENGAGE L
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter P3, Problem 3IC
Summary Introduction
To determine:
The threats posed by external environment in proceeding with the operation of the natural gas highway by Clean Energy and Navistar. The steps that managers can take to ensure successful implementation of the plan.
Introduction:
External environment comprises of influences or factors that are outside the organization and impact the overall business operation. The organization should react or act in order to maintain its flow of operation. It comprises of factors, events, entities and condition that surrounds the company to persuade its choices and activities.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
What are some best practices or strategies for long-term planning, especially in industries or sectors with high levels of uncertainty or volatility?
How can organizations monitor and evaluate the progress of their plans to ensure they remain on track and achieve their intended outcomes?
Institutions that fail to plan are planning to fail. Do you agree or disagree with this statement?
Chapter P3 Solutions
MINDTAP F/UNDERSTANDING MGMT
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 the concept of sustainability be integrated into the planning process, and why is it crucial for long-term success?arrow_forwardRead the following scenarios, then answer the questions that follow. Situation 1 In the following statement, a business owner attempts to explain and justify his preference for slow growth in his business. I limit my growth pace and make every effort to service my present customers in the manner they deserve. I have some peer pressure to do otherwise by following the advice of experts—that is, to take on partners and debt to facilitate rapid growth in sales and market share. When tempted by such thoughts, I think about what I might gain. Perhaps I could make more money, but I would also expect a lot more problems. Also, I think it might interfere somewhat with my family relationships, which are very important to me. Situation 2 Bear Bills, Inc. was started in 2008 by three Baylor University alumni in their early twenties as a solution to a problem every college student faces—paying utilities. The company's name originated from the university's mascot, the Baylor Bears. The business…arrow_forwardExplain why planning is difficult in case of environmental uncertainty. Which might be the challengesarrow_forward
- Setting strategic objectives is important in your personal career as well. Identify and write down three or four important strategic objectives you want to accomplish in the next few years (finish your degree, find a better paying job, etc.). Are you allocating your resources (time, money, etc.) to enable you to achieve these objectives? Are your objectives measurable, timely, realistic, specific, and appropriate? Do you spend any time and energy in activities that do not contribute to your strategic objectives? Why do you think these activities are not productive? Then reflect and rewrite your objectives that are measurable, timely, realistic, specific, and appropriate.arrow_forwardManagement How can long-term planning help organizations anticipate and respond to industry disruptions and technological advancements?arrow_forwardwhat are the pros and cons of uniqlo strategies in 2023 Swot & Kpi anaylsis of Uniqloarrow_forward
- Explain the following in simple words or explanation: Who is creating the scenario planning? Is scenario planning only effective for some oraganizations? Because there is always a social changes, rapid changes in the society especially to technology and global market. What if there is a faulty judgment because it involves uncertainty?arrow_forwardConsider the factors that influence environmental uncertainty (rate of change in factors and number of factors in the environment). Classify each of the following organizations as operating in either (a) a low-uncertainty environment or (b) a high-uncertainty or (c) moderate uncertainty environment: Hyundai, Facebook, Fed ex, local subway franchise, a cattle ranch in Okholama , and McDonald’s. Explain your reasoning in detail.arrow_forwardScenario:John is an infrastructure engineer who worked with the Cisco Systems software company forover 10 years. John is thinking about starting a new business where he will develop computerprograms for educational needs. He has always had entrepreneurial tendencies and has gainedgreat success in the past. He is having doubts and have hired you as a consultant to aid in guidinghis decision. He understands that the technology market is very competitive but believes thatthrough hard work and dedication he can reap success. You are required to discuss with John, as addressed in the course, three (3) main categories ofcreativity techniques and their application to entrepreneurial opportunity identification anddevelopment. You must incorporate at least two (2) examples for each main category and analyzehow these tools can be useful to John as an entrepreneur or any potential entrepreneur.arrow_forward
- What is the solution in the problem restructuring costs (planning and changes) of Ford Company?Why?arrow_forwardHow can organizations effectively identify and analyze internal and external factors that may impact their planning process, such as market trends, competition, and technological advancements?arrow_forwardConsider specific information about the 2018-2019 air accident and its impact on Boeing's IS Governance.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON