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what should the manager know about business environment? Explain briefly
how the environment affects managers
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.
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'' already exists. Would you like to merge '' into it?Cancel MERGEClicking submit will send an email notification to the asker of this question.Answer this question…Answer this question…SubmitLike us on Facebook!
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what should the manager know about business environment? Explain briefly
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.
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.
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 the environment affects managers
helps explain why managers today are restructuring their organization to be lean, fast, and flexible
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.
it is important because if there is no good service their is no client or no costumer and innovation is the key
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'' already exists. Would you like to merge '' into it?Cancel MERGEClicking submit will send an email notification to the asker of this question.Answer this question…Answer this question…SubmitLike us on Facebook!
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.
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7 dwarfs.... ok the real answer is customers, employees, owners/managers, sharholders, government, environment and suppliers.