Answer to Question #122249 in Management for Stain

Question

Trumps made this statement ‘organisations cannot be successful if managers fail to pay attention to the forces in the external environment’. Do you agree or not? Justify using practical examples

Answer 1

Yes, I agree. Forces in the external environment can influence the performance of any organization. External forces include sociocultural, technological, political and legal influences among others. For example, a firm that depends deeply on technology will be adversely impacted by updates on software than an organization that merely use a single computer. Similarly, change in tax policies, minimum wage statute, and trade regulations have the potential to influence the way a company operates.