Why must managers be aware of a firms external environment?

Question:

Why must managers be aware of a firm’s external environment?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Strategic Management Text and Cases

ISBN: 978-1259196553

7th edition

Authors: Gregory Dess, Tom Lumpkin, Alan Eisner, Gerry McNamara

See More Books

Question Posted: Sep 03, 2015 06:51 AM

See More Questions

What is gathering and analyzing competitive intelligence and why is it important for firms to engage in it?
Explain how the general environment and industry environment are highly related. How can such interrelationships affect the profitability of a firm or industry?
What are some of the legal and ethical issues involved in collecting competitor intelligence in the following situations? a. Hotel A sends an employee posing as a potential client to Hotel B to find...
Which of the following activity bases would best be used to allocate setup activity to products? a. Number of inspections b. Direct labor hours c. Direct machine hours d. Number of production runs
Find a news story that discusses a study showing increased (or decreased) risk of one variable based on another. Write a report evaluating the information given in the article and discussing what...
Suggest some ecotourism activities for your community.
(p. 317). Recall that 70% of Canadians pay their credit card balance in full each month from a sample of 300. a. Construct a 99% confidence interval for the true proportion of all Canadians who pay...
Draw a context diagram, a level 0 DFD, and a set of level 1 DFDs (where needed) for the campus housing use cases that you developed for the Your Turn 4-1 box in Chapter 4.
Worldnet Inc. reports the following transactions relating to its stock accounts. Jan 1 Issued 30,000 shares of $6 par value common stock at $15 each per share. Feb 26 Issued 5,000 shares of $30 par...
Kai is the president of Zebra Antiques. An employee, Reese Francis, is due a raise. Reeses current benefit analysis is as follows: Compute the benefit analysis assuming: 3 percent increase in pay. ...
A firm has spent some timewith input from managers at all levelsin developing a vision statement and a mission statement. Over time, however, the behavior of some executives is contrary to these...
Discuss and describe the six elements of the external environment.
4 En qu difiere el concepto de capitn de canal entre los sistemas de marketing vertical corporativo , administrado y contractual , con referencia especial al uso de las diferentes formas de...
On January 1, 20X1, Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 76,000. SunTime's December 31, 20X1, trial...
In November 2 0 2 4 , Lily informed you that she needs additional cash flow to meet her personal debt obligations. Lily does not want to sell more stock than she needs to because she wants...
Bennett limited provides mobile library services to the community of longbourn. bennett has preliminary operating results for the first year and the company found that net income is different from...
What is printed when the value of x is 34? if (x < 32 ) { if (x22) { } System.out.println("Blue"); else if (x <10) { } System.out.println("Red"); else if (x > 25 ) { System.out.println("Yellow"); } }...
Heidi expresses concern in the video that when employees are also friends, holding them accountable for performance "doesn't come as naturally" to her. She asks you, "Does my focus on relationship...
Joey offers to sell Melissa the latest version of a popular gaming system for only $25 cash, although in the store it generally costs over $200. The deal seems too good to be true, and Melissa...
Prairie Outfitters, Inc., a retailer, accepts paymnent through credit cards. During August, credit card sales amounted to $12,000. The processor charges a 3% fee. Assuming that the credit card...
The system shown in Figure 3-9 is the stripping section of a distillation column with open steam heating. There is no condenser and no reboiler. This type of system is called a "beer still" in...
1. Does Ascenas corporate strategy seem sound? 2. What are key forces in the general and industry environments that affect Ascenas choice of strategy? 3. What internal resources and assets did Ascena...
Where in Caterpillars value chain is the firm creating value for its customers?
McDonalds Corporation is the worlds largest fast-food restaurant chain. Using the Internet, evaluate the quality of the corporation in terms of management, the board of directors, and shareholder...
A manufacturer with a December 31 taxation year end sells new machinery for $50,000 on January 2, 2022. The cost of the machinery is $20,000. The terms of the sale require an initial payment of...
Your company BMG Inc. has to liquidate some equipment that is being replaced. The originally cost of the equipment is $120,000. The firm has deprecated 65% of the original cost. The salvage value of...
1. What are the steps that the company has to do in time of merger transaction? And What are the obstacle that may lead to merger failure? 2.What are the Exceptions to not to consolidate the...

Why must managers be aware of a firms external environment?

Question:

Step by Step Answer:

Being responsive to the external environment enables firms to avoid strate...View the full answer

Strategic Management Text and Cases

Students also viewed these Management Leadership questions