External environment = economic, regulatory, technological, or competitive.
Internal factors= strengths, weaknesses, opportunities, or threats.
Together (external + internal) = corporate objectives and strategy
Do organizations adapt their corporate strategies to both external and internal factors? How would an organization improve or mitigate both factors to gain a competitive advantage? Research additional sources to support your conclusions.
(Example: if product innovation is a weak internal factor, do you outsource part(s) of the engineering function to strengthen this weakness?)
Requirement: Requirement: Explain how the external environment and the internal factors impact an organizations objectives and strategies.
External environment = economic, regulatory, technological, or competitive.
Internal factors= strengths, weaknesses, opportunities, or threats.
Together (external + internal) = corporate objectives and strategy
Do organizations adapt their corporate strategies to both external and internal factors? How would an organization improve or mitigate both factors to gain a competitive advantage? Research additional sources to support your conclusions.
(Example: if product innovation is a weak internal factor, do you outsource part(s) of the engineering function to strengthen this weakness?)
External environment = economic, regulatory, technological, or competitive.
Internal factors= strengths, weaknesses, opportunities, or threats.
Together (external + internal) = corporate objectives and strategy
Do organizations adapt their corporate strategies to both external and internal factors? How would an organization improve or mitigate both factors to gain a competitive advantage? Research additional sources to support your conclusions.
(Example: if product innovation is a weak internal factor, do you outsource part(s) of the engineering function to strengthen this weakness?)
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Requirement: Explain how an organization’s objectives and tactics are influenced by external and internal influences.
Economic, regulatory, technological, or competitive environments are examples of external environments.
Internal factors can be defined as strengths, weaknesses, opportunities, or threats.
Corporate aims and strategy = (external + internal)
Do corporations modify their corporate strategies in response to both external and internal factors? How might a company enhance or reduce both aspects in order to acquire a competitive advantage? Investigate additional sources to back up your claims.
(Example: if product innovation is a weak internal factor, do you outsource part(s) of the engineering function to strengthen this weakness?)
