What is the first step that managers take to make sense of their changing environments?

Question

Quizplus · Accepted Answer

The first step that managers take to make sense of their changing environments is environmental scanning. This involves gathering information about external forces that may impact the business such as economic trends, political developments, and technological advancements. Environmental scanning helps managers identify opportunities and threats in the external environment which they can use to make critical business decisions.

What Is the First Step That Managers Take to Make