Strategic management

IPCC 615 views 5 replies

Will somebody please expain me the highlighted portion?

Question:-

Environmental Constituents exist in isolation and do not interact with each other

Answer:-

 Incorrect:  Environmental constituents such as economic, legal, society, technology and other macro elements are interwoven through through complex and haphazard linkages . These constituents comprise of multitude of forces that are inter-related and inter-dependent. They are termed as environment as they are outside the main periphery of business but may affect its functioning directly or indirectly.

[Specially the meaning of the word HAPHAZARD]

Replies (5)
Haphazard means crisscross, like a web in general

Thank you so much! Have a great day ahead!!

Its simply wants to say that the Business cannot be isolated......if u establsih a business on himalaya...u cant run this....hence when business established in an environment then its affected by the elements of environments....like Political, techological, etc..

Thanks again. Special thanks for example.

Feell free to ask ur problem......its our pleasure that we are having good knowledge to share .....


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