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Define parochialism and discuss why it is a problem for managers. Why is it important to overcome parochialism in today's business environment?
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∙ 9y ago
Why is it important to overcome parochialism in today's business environment? Define parochialism and discuss why it is a problem for managers. Why is it important to overcome parochialism in today's business environment? Cancel Save
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∙ 9y ago
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What do managers needs to know about business environment?
what should the manager know about business environment? Explain briefly
How does environment affects managers?
how the environment affects managers
Why do manager try to understand the environment within which their business operate?
One of the reasons managers try to understand the environment in which their business operates is because this can help them understand their local clienteles needs and expectations. It can also help a business to advertise more effectively.
What options are available to the managers to deal with the challenging business environment?
http://wiki.answers.com/Q/What_options_are_available_to_the_managers_to_deal_with_the_challenging_business_environment" http://wiki.answers.com/Q/What_options_are_available_to_the_managers_to_deal_with_the_challenging_business_environment"
Why is business management important?
Business management is important because without managers employees would all do what they feel is best for the business. A business must have a direction and a plan to get to the goal in order to be successful. When this happens, departments won't meet productivity.
Why it is important for managers to understand the environment in which their business operates?
Helps managers to put into practice the principles underlying the process of management which inturn help him to see the interrelationship between particular theories of management and actual practice.
What do managers needs to know about business environment?
what should the manager know about business environment? Explain briefly
Explain how the environment in which a business operates impacts upon?
The business environment impacts a business because managers have to make decisions based on what is going on around them. If the environment is fiercely competitive, then the business would have to respond appropriately.
What is the impact of Internal Business Environment?
The internal business environment can lead to increased productivity or it can be detrimental. Managers must improve the culture in order to improve production.
How does environment affects managers?
how the environment affects managers
Why is it important to forecast the future of the cycle of business activity?
Managers use forecasting so that they are better prepared for ebbs and flows of their business. With more information about business cycles, managers will not waste money.
Environment-structure relationship in business?
helps explain why managers today are restructuring their organization to be lean, fast, and flexible
What is the importance of communication in business management?
Communication is important within business management because it helps managers get their messages to receivers. Managers must know how to communicate in order to get the company's strategy accomplished.
Why do manager try to understand the environment within which their business operate?
One of the reasons managers try to understand the environment in which their business operates is because this can help them understand their local clienteles needs and expectations. It can also help a business to advertise more effectively.
How the environment effects managers?
External and internal environment directly effects the decision making of the manager. Let's understand it with the help of an example. Xyz company manager has arrived at office during snow in London. Due to heavy snowfall (External Environment) staff or subordinates of managers have not reached the home. Manager has to discuss some urgent business deals with his staff. This is the way how managers are affected by external environment factors.
What options are available to the managers to deal with the challenging business environment?
http://wiki.answers.com/Q/What_options_are_available_to_the_managers_to_deal_with_the_challenging_business_environment" http://wiki.answers.com/Q/What_options_are_available_to_the_managers_to_deal_with_the_challenging_business_environment"
Why it is important for the managers to understand macroeconomics?
Business managers need to know about macroeconomics because firms operate in and are influenced by the behavior of the overall economy. Factors such as interest rates, employment, inflation, money supply, etc., affect the business environment and financial conditions in general, so firms must address macroeconomic issues in their planning and management strategy. Macroeconomic forecasts and strategies are more important for large firms than for small businesses.
