Choose the option that will become more important as the firm's external environment becomes more and more uncertain: Scenario based planning Mechanistic structure Chain grouping Micro-management
Choose the option that will become more important as the firm's external environment becomes more and more uncertain:
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Scenario based planning |
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Mechanistic structure |
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Chain grouping |
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Micro-management |
The factors and events that influence an organization's performance, success, and operations are referred to as the external environment. In addition to the behaviour and actions of rival businesses, suppliers, clients, and other stakeholders, these elements might also encompass economic, political, social, technological, legal, and environmental aspects. Businesses must adapt to the dynamic, ever-changing external environment in order to survive and prosper. Firms must establish strategies to deal with the problems of predicting future market conditions, shifting client wants, and disruptive technology in an uncertain external environment.
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