Connect Online Access for M: Management
Connect Online Access for M: Management
6th Edition
ISBN: 9781260485295
Author: BATEMAN, Thomas
Publisher: Mcgraw-hill Higher Education (us)
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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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Discuss how a change in the environmental and social world of a company will impact the company through its working ate.
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Why do demographic shifts and technological developments create both challenges and new opportunities for business? Can managers in business firms control the elements in the external environment, or do they simply have to react to changes that are beyond their control? Give examples that support your conclusion.   Describe in general terms how each element of the external environment (economic, technological, socio-cultural, political-legal, global, and business) affects business firms.
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