To understand organizational survival and/or failure we should assess

Question

Quizplus · Accepted Answer

To truly understand organizational survival and/or failure, it's important to assess all of the options given. The firm's management capability plays a critical role in navigating the external environment and making strategic decisions. However, the external environment – including competitors, legal and political factors, economic trends, and customer preferences – also has a significant impact on a firm's success. Additionally, the way a firm's management interacts and adapts to its external environment is crucial for survival and growth. Thus, all three factors need to be assessed holistically to gain a comprehensive understanding of organizational performance. To understand organizational survival and/or failure we should assess the firm's external environment, management capability, and the way the firm's management interacts with its external environment.

To Understand Organizational Survival And/or Failure We Should Assess