111589viz
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for you why is it important to know your external environment?​

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Claire0838viz

Answer:

To keep the business ahead of the competition, managers must continually adjust their strategies to reflect the environment in which their businesses operate. It is a useful exercise to do an external analysis at the start of the strategy review process.

Rauldile030985viz

Answer:

THE external environment plays a critical role in shaping the future of entire industries and those of individual businesses. ... After the analysis, you will get an overview of the environment that your business is in, the factors that may affect it, and the issues that require attention in the strategy.

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