Managers can make sense of their changing external environments by completing all three of the following steps: environmental scanning, interpreting environmental factors, and acting on threats and opportunities.

Question

Quizplus · Accepted Answer

This statement is true. Environmental scanning involves gathering information about the external environment, interpreting environmental factors involves analyzing the information collected, and acting on threats and opportunities involves making decisions and taking actions based on the analysis. These steps can help managers understand and adapt to changes in their external environment.

Managers Can Make Sense of Their Changing External Environments by Completing