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    Wainaina Joseph
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    It is important for a firm to study and understand its external environment in order to succeed. A firm must analyze factors such as economic conditions, technological changes, social trends and competitive forces that can impact the business. By monitoring the external environment, a firm can identify opportunities and threats to help guide its strategy and decision making.

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    It is important for a firm to study and understand its external environment in order to succeed. A firm must analyze factors such as economic conditions, technological changes, social trends and competitive forces that can impact the business. By monitoring the external environment, a firm can identify opportunities and threats to help guide its strategy and decision making.

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    © All Rights Reserved
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    14 views1 page

    Discussion

    Uploaded by

    Wainaina Joseph
    It is important for a firm to study and understand its external environment in order to succeed. A firm must analyze factors such as economic conditions, technological changes, social trends and competitive forces that can impact the business. By monitoring the external environment, a firm can identify opportunities and threats to help guide its strategy and decision making.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Why is it important for a firm to study and understand the external environment

    In order to get your max amount of points you will post two (2) threads, your original posting
    should be no less than 150 words of written content, and your other classmate posting no less
    than 100 words. Please check your grammar, spelling, and if you use other sources other than
    your own words; make sure you cite APA format.

    You will be graded on the following:

    Rubrics

     Original Posting /Writing Content (No less than 150 words/half a page of writing)=1
     Classmate Posting / Writing Content (No less than 100 words)=1

    TOTAL = 2

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