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SIGNIFICANCE OF THE EXTERNAL ENVIRONMENT IN MANAGING AN ORGANIZATION

The essay has pointed out the significance of the external environment in managing an organization to carry out its activities.

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language		english
wordcount		1753 (cca 5 pages)
contextual quality		N/A
language level		N/A
price		free
sources		4

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Preview of the essay: SIGNIFICANCE OF THE EXTERNAL ENVIRONMENT IN MANAGING AN ORGANIZATION

SIGNIFICANCE OF THE EXTERNAL ENVIRONMENT IN MANAGING AN ORGANIZATION The external environment shapes opportunities and challenges facing an organization. All companies are environment dependent simply because no company exists in a vacuum. The external environment can be divided into three sectors; 1. The General Environment-The general environment refers to aspects in the environment that indirectly impact the organizations ability to achieve its specified goals. It is also referred to as the remote environment and can be global or domestic depending on the firm. ...
... research what is going on in the environment to collect information.
The environment is either analyzable or not and also passive or active. Managers are encouraged to analyze actively to ensure a proper analysis of the environment. A good manager understand the external environment and is able to react to environmental changes as well as predict possible changes and make decisions to counter expectations.

Essay is in categories

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Economics

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Management

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Strategic Management

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