Let’s address how managers are communicating on a large stage during this global

    Let’s address how managers are communicating on a large stage during this global crisis as you answer the two questions associated with this module’s readings. Please share an example for this discussion board.
    Why is it important for a firm to study and understand the external environment? (Chapter 2) As you address this question, illustrate some strategic methods used by competitors.
    How do firms identify internal strengths and weaknesses? Why is it vital that managers have a clear understanding of their firm’s strengths and weaknesses? (Chapter 3)
    Please use these for help:
    External factors are influences outside of a company that can impact a business. Most dominantly, this includes the economic and political environment of a country, competitors, technological changes, and customers. There can be slight variations of this as indicated in the Environmental Factors diagram. Factors outside of a company that affect its ability to operate are considered part of the external environment. Some external elements can be manipulated by marketing while others require the company to make adjustments. Many times, these external factors are difficult to control or even predict, and can be downright confusing. Managers should oversee the basic components of their company’s external environment, continually keeping close watch for any significant changes.
    Internal factors are the strengths and weakness of a company that can affect how the company meets its main goals and objectives. Factors such as leadership styles, the company’s mission statement, and its organizational culture are frequently considered to be internal. Employee behavior is defined by the company’s internal environment. This internal environment is made up of the variables within the company that include the current employees, management, and the corporate culture. Companies need to have the proper people in place in order to motivate their team of employees and to have knowledge of the different factors that can affect a company’s earning potential.
    Use APA (Links to an external site.) formatting
    Discussion Question Tips:
    Avoid repeating of explicit information in the text. Formulate answers that can be interpreted through various perspectives.
    Compare, contrast, and look for connections between articles assigned on a given day with each other or with past articles assigned for class.
    Look for gaps in authors’ reasoning or statements that you find problematic.
    Think about the broader issues that the author’s arguments point to. What are the broader implications?
    Look for connections between theoretical pieces assigned and concrete actions that can be taken to put them in practice.
    Consider connections to current event issues.
    Make certain that all posts or responses address the question, problem, or situation as presented for discussion. You should extend the topic, but do not stray from the topic. When relevant, add to the discussion by including prior knowledge, work experiences, references, web sites, resources, etc. (giving credit when appropriate).

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