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Why is it important for managers to understand the external forces that are acting on them and their organization?
Wiki User
∙ 11y ago
rganizations depend on their environment and their stakeholders as a source of inputs and a recipient of outputs. Good relationships can lead to organizational outcomes such as improved predictability of environmental changes, more successful innovations, greater degrees of trust among stakeholders, and greater flexibility in acting to reduce the impact of change. In addition, relationship management and maintaining good relationships have been proven by many researchers to have an effect on organizational performance. High-performing companies tend to consider the interests of all major stakeholder groups as they make decisions.
Wiki User
∙ 11y ago
Wiki User
∙ 9y agoIt is important for a manager to know which external forces are affecting their organization so they can plan for success. They need to know if a competitor is undercutting their prices or selling items similar that are fake.
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Why is planning an important activity for managers?
the manager is the one who plan in an organization,and the organization depends the plan of the manager in a company.
What are some changes that are impacting managers' jobs?
Two main groups of changes affect managers' jobs and are significant to an organization: external forces and internal forces. With external forces, the need for change comes from various sources outside the organization: marketplace, governmental laws and regulations, technology, labor markets, and economic changes. Internal forces originate from the internal operations of the organization or from the impact of external changes. They include redefining an organization's strategy, workforce, new equipment, and employee attitudes. Both types of changes are critical to the success of a manager and his/her organization.
Why is hierarchy important in an organization?
The type of hierarchy in an organization affects the span of control. It also affects how employees communicate to senior managers.
Describe how to classify managers in organization?
Managers coordinate and oversee the work of employees within the organization and help accomplish the organizational goals. Top Managers are responsible for making decisions about the entire organization. Middle Managers manage the work of the first-line managers. First-line managers are the ones who manage the work of the non-managerial employees.
Why are managers important to an organization?
He gets things done. He manages the work, staff, and administration and strives always for maximum efficiency and savings.
Why are attributions important determinants of behavior in organization?
Attributions are important determinants of behavior in an organization because they explain the reasons for the actions of individuals within that organization. These will help the managers understand the causes of employee behavior, which can then be used for motivational purposes.
What managers are typically concerned with the interaction between the organization and its external environment?
top level
Why managers are important to organizations?
So that the organization has order.
Why managers are important to an organisation?
An organization is a systematic arrangement of people to accomplish some specific purpose. Managers are important to an organization's success because they direct and coordinate activities so the organization can reach its goals.
Why management is important to an organization?
for real the company or organization can't operate without the supervision of the managers on top.
Why is planning an important activity for managers?
the manager is the one who plan in an organization,and the organization depends the plan of the manager in a company.
What is meant by the culture of a society and why is it important that international managers understand it?
The culture of a society are the things that they hold important such as their religion, their clothes and their way of dressing. It is important that international managers understand it is so that they do not offend, understand the willingness of workers to produce the product, and how the product should look like.
What is imposed strategy?
Impose strategy is when the external environment imposes on the business organization. This means that the external environment can directly force the organization to take certain course of action.
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 are some changes that are impacting managers' jobs?
Two main groups of changes affect managers' jobs and are significant to an organization: external forces and internal forces. With external forces, the need for change comes from various sources outside the organization: marketplace, governmental laws and regulations, technology, labor markets, and economic changes. Internal forces originate from the internal operations of the organization or from the impact of external changes. They include redefining an organization's strategy, workforce, new equipment, and employee attitudes. Both types of changes are critical to the success of a manager and his/her organization.
Why is hierarchy important in an organization?
The type of hierarchy in an organization affects the span of control. It also affects how employees communicate to senior managers.
Why is it important for business managers to understand the information found on financial reports?
Business managers must understand financial reports so that they can correct any problems in production. If they don't understand, they could potentially lose money during production.
