Analysis of society is important for all of the following reasons except:
A)Awareness of what is happening in society virtually guarantees that an organization will be able to successfully compete in its own industry
B)Most of the other stakeholder groups are also members of society
C)Awareness of and compliance with the attitudes of society can help an organization avoid problems associated with being a bad corporate citizen
D)Changes in society can provide opportunities for organizations
E)Correct assessment of social trends can help businesses avoid restrictive legislation

Question

Quizplus · Accepted Answer

While analysis of society can certainly provide benefits such as avoiding problems associated with bad corporate citizenship, identifying opportunities for growth, and avoiding restrictive legislation, it does not guarantee success in an organization's industry. Success in the industry depends on a variety of factors such as competition, market demand, and innovation.

Analysis of Society Is Important for All of the Following