The labour market influences an organization's ability to implement strategy.

Question

Quizplus · Accepted Answer

The labour market, i.e. the availability and quality of potential employees, impacts an organization's ability to hire the right people and retain them, which in turn affects the implementation of strategy. Organizations may face a shortage of skilled workers or competition from other employers for top talent. Therefore, it's crucial for an organization to understand the labour market and adjust its strategy accordingly.

The Labour Market Influences an Organization's Ability to Implement Strategy