0
How can a decision maker identify strategic factors in the corporation's external environment?
Wiki User
∙ 7y ago
NbvmjbkjbvHow can a decision-maker identify strategic factors in a corporation’s external international environment?
Jenny Lou Bautista
Add your answer:
Earn +20 pts
How can a decision maker identify strategic factors in a corporation's external environment?
NbvmjbkjbvHow can a decision-maker identify strategic factors in a corporation’s external international environment?
What are internal and external influences on strategic marketing planning?
list two internal and external influnces on physical activity?
What keeps the body's internal environment distinct form the external environment?
The skin
What is the balance between the internal and external environment?
walls
What is the internal and external factors that influence the holiday decision of a tourist?
ok
How can a decision maker identify strategic factors in the corporations external international environment?
how can a decision maker indentify strategic factors in the corporation external environment
How can a decision maker identify strategic factors in a corporations external international environment?
4.How can a decision maker identify strategic factors in a corporation's external international environment
How can a decision maker identify strategic factors in a corporation external environment?
NbvmjbkjbvHow can a decision-maker identify strategic factors in a corporation’s external international environment?
How can a decision maker identify strategic factors in a corporation's external environment?
NbvmjbkjbvHow can a decision-maker identify strategic factors in a corporation’s external international environment?
What is an example of an organization's strategic response to its external environment?
An organization's external environment is often out of the organization's control. One example of a strategic response to an organization's external environment is adapting its practices according to new laws that are out of their control.
What are the components of the environment from the point of view of the decision-maker What do they consist of?
From the decision-maker's perspective, the components of the environment consist of internal factors (such as the organization's resources, goals, and structure) and external factors (including economic conditions, competitors, market trends, and regulatory constraints). These components influence the decision-making process and shape the strategic choices made by the decision-maker. Understanding these components is crucial for assessing risks and opportunities in the environment.
Why has strategic management become so important to today's corporations?
Many corporations are focusing on strategic management because it will help them perform better. They know by making strategic decisions they will have an edge on the competition.
How do the external environment of an organization influence its strategic choices?
The external environment, such as location and weather, influence the strategies that an organization will choose to make by affecting what they can feasibly do and what viewer audience base they can reach.
What is strategic change?
Strategic Change:Strategic Change means changing the organizational Vision, Mission, Objectives and ofcourse the adopted strategy to achieve those objectives.Strategic change is defined as " changes in the content of a firm's strategy as defined by its scope, resource deployments, competitive advantages, and synergy"(Hofer and Schendel 1978)Strategic change is defined as a difference in the form, qualiity, or state over time in organization's alignment with its external environment (Rajagopalan & Spreitzer, 1997 Van de Ven & Pool, 1995).Considering the definition of strategic change, strategic change could be affected by the states of firms and their external environments. Because the performance of firms might dependent on the fit between firms and their external environments, the appearances of novel opportunities and threats in the external environments, in other words, the change of external environments, require firms to adapt to the external environments again; as a result, firms would change their strategy in response to the environmental changes. The states of firms will also affect the occurrence of strategic change. For example, firms tend to adopt new strategies in the face of financial distress for the purpose of breaking the critical situations. Additionally, organizations would possess structural inertia that they tend to keep their previous structure and strategy (Hannan & Freeman, 1984).However, the former research on strategic change has not shown expected empirical results. To explain the unexpected empirical results, Rajagopalan and Spreitzer (1997)suggests that the external environment could not be constantly decided; it would be decided depending on the decision maker's cognition of external environment. Therefore, the occurrence of strategic change would be related to their cognition of external environment.Based on the argument of Rajagopalan and Spreitzer (1997), the factors which affect decision maker's cognition of external environment would affect strategic change.
Why are strategic decisions important?
Management thinking says that strategic decision is important to chart out the path of companies in the long term. The "long term" depends from industry to industry. While long term for Intel may be 5 yerars but long term for a steel industry may be 20 years. On the contary black swan theory says that the external environment is changing so fast and unknown event change the course of industry/country etc that strategic decision and of no use.
What are the external factors affecting HRM?
1. strategic environment 2. government legislation 3. Labour unions 4. Management thought
Explain various dimensions of strategic management?
1.Strategic issues require top-management decisions- decision-making 2. Strategic issues involve the allocation of large amount of company resources- allocation of resources 3.Strategic issues are likely to have significant impact on the long term prosperity o f the firm- operational success 4.Strategic issues are future-oriented- long term existence 5..Strategic issues usually have major multi functional and multi business consequences-? 6.Strategic issues necessitate considering factors in the firm's external environment-?
