The understanding the external environment helps managers to understand aspects of business and its environment and how they can affect their firms thus need for strategic planning for the success of the business in the future.
industrial life cycle model illustrates the stages of firms which are, introduction, growth, maturity and declining of a firm. this model helps the firm to understand threats in the market eg rise of competitors and also opportunities like merging of firms to increase market share. This will enable the organization to strategize itself by learning about the operations of their competitors. The organization can learn about new customer tastes and preferences through their competitors. This will enable it to think put a marketing strategy that is better than that of their competitors or to develop product mix that suits the needs and tastes of the consumers
Why is it important to understand the external enviroment in order to think strategically?
Discuss why it is important to think strategically when administering human resources? What do you see as the challenges? What would be the intended benefits?
Management Question Why is it so important to analyse and understand the external and internal environments for strategic success?
Why do you think it is important to understand history keeping life goals in mind.
1) Explain what capacity management is and why it is strategically important. 2) Capacity planning is generally viewed in three-time durations. List them and elaborate on the definition of each.
Why do you think it is important for those who manage operations functions to understand project management techniques? How does a firm integrate principles of both operations management and project management to create customer value? Find and cite examples.
Epidemiology Why do you think it is important to have a nurse involved in this scenario (Links to an external site.)Links to an external site.? What do you think is the most important skill a nurse brings to this interdisciplinary team? Be sure to support your response.
why do you think is important to study foreinsic anthropology. how it may help us understand our own complex humanity how the information studied can apply to our modern world help us or hinder
_______ __________ means strategically suspending moral judgement in order to understand and appreciate the diverse logics of social and cultural practices. 2. The ______ _________ of street culture in San Francisco are not prevalent in homelessness and drug culture, but are inscribed on all aspects of culture based on race relations. 3. _______ ___________ conveys the involuntary and predictable manner in which sharply delineated segregation was produced in homeless camps. 4. Dealing with addiction under conditions of extreme poverty, along...
Why is it important to understand transcultural healthcare?
The text argues that strategic leadership is the leader’s ability to anticipate, envision, maintain flexibility, think strategically and work with others to initiate change (Lussier & Achua, 2016). Do you support this definition and is all inclusive? Do Lussier & Achua miss anything important? How do you define “think strategically”? Support your initial analysis with external references. Initial Post Length: minimum of 350 words