Managers can make sense of their changing external environments only 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 it involves making sense of that information, and acting on threats and opportunities involves taking appropriate actions based on that understanding. All three steps are necessary for managers to effectively adapt to changing external environments.

Managers Can Make Sense of Their Changing External Environments Only