Given the plethora of external influences, understanding the external environment requires managers to
A)use a framework or a system that allows them to organize information and rank factors.
B)monitor their rivals closely to detect signals of change in their strategies.
C)use all existing techniques to gather and analyze information.
D)work on the matter full-time.

Question

Quizplus · Accepted Answer

Using a framework or system helps managers to organize the vast amount of information and rank external factors based on their relevance and potential impact on the organization. This allows them to focus on the most critical external influences and adjust their strategies accordingly.

Given the Plethora of External Influences, Understanding the External Environment