Answered: Question No.1: Case Scenario: Read…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question No.1: Case Scenario: Read carefully all the short situations given below and answer the given questions. The AstroNews has experienced a decline in the number of subscriptions to its printed newspaper over the last 5 years. It seems people prefer news feeds sent directly to their smartphones than a printed paper delivered to their homes. A) Which component in the external environment may have caused it? Write in detail (Please mention and highlight the name of that element in bold). B) If you think it’s a demographical change, Write down all the detail of its further elements for instance age, gender, family size etc. And discuss what and how each of it has created a change in the environment. If No, Suggest some other factor/factors. Its CEO perceives his organization could be more profitable if it could respond to customers more quickly so he has decided to remove some management layers and increase the remaining managers' span of control. C) Which management function would be considered for this? D) Please write in detail and give reasoning also He further decided the installation of the new equipment. E) Please relate all of the above changes (CULTURAL AND ENVIORNMENTAL BOTH) with what you studied in chapter and briefly discuss it.

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