M:MANAGEMENT
6th Edition
ISBN: 9781260062885
Author: BATEMAN
Publisher: RENT MCG
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Chapter 3, Problem 4LO
Summary Introduction
To discuss: The ways the managers responds for the changes in external environment.
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In what areas would business managers need to develop in order to further their position?
How does the external environment affect managers’ decision and whatapproach/approaches would you take to tackle the environment?
What are the key challenges facing managers in today's rapidly changing business environment, and what strategies can be employed to address these challenges?
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M:MANAGEMENT
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- How can managers effectively plan and execute organizational development initiatives, such as restructuring, mergers and acquisitions, or diversification strategies, to facilitate growth and adapt to changing market conditions?arrow_forwardWhat are the ethical considerations that managers need to keep in mind when coordinating activities across different organizational units or with external stakeholders?arrow_forwardWhat are the key factors that contribute to organizational success, and how can managers balance short-term and long-term goals to ensure sustainable growth and profitability?arrow_forward
- How do organizations adapt their plans in response to changes in the internal and external environment?arrow_forwardDefine the various classifications of stakeholders in a company and their role in strategic management decisions.arrow_forwardWhy is innovation in management practices important ?arrow_forward
- How has the role of management changed (traditional vs. contemporary)?arrow_forwardCritically discuss the view that business should consider the interests of all their stakeholders in developing their business strategies.arrow_forwardSuggest any 3 ways managers can plan effectively in the rapidly changing environmentarrow_forward
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