Managers do an external analysis so that they know about ________.

Question

Quizplus · Accepted Answer

Managers do an external analysis to understand what the competition is doing, what opportunities and threats exist in the external environment, and how to position the organization to succeed in that environment. They may also examine industry trends, government regulations, and other factors that could impact the organization's performance. While understanding the firm's beliefs, resources, and core competencies are also important, they are generally viewed as internal factors that are evaluated through a different analysis (such as a SWOT analysis).

Managers Do an External Analysis So That They Know About