Understanding Management (MindTap Course List)
10th Edition
ISBN: 9781305502215
Author: Richard L. Daft, Dorothy Marcic
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter P3, Problem 3IC
Summary Introduction
To determine:
The threats posed by external environment in proceeding with the operation of the natural gas highway by Clean Energy and Navistar. The steps that managers can take to ensure successful implementation of the plan.
Introduction:
External environment comprises of influences or factors that are outside the organization and impact the overall business operation. The organization should react or act in order to maintain its flow of operation. It comprises of factors, events, entities and condition that surrounds the company to persuade its choices and activities.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
In industries with high levels of uncertainty, how can managers set meaningful long-term goals without being overly rigid in their planning?
Is our strategy (planned action) robust enough to withstand the likely actions of our competitors, or do we need additional contingency plans?
How do organizations monitor and evaluate the progress of their plans, and what adjustments can be made to ensure alignment with goals?
Chapter P3 Solutions
Understanding Management (MindTap Course List)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- What is a grand strategy, and how does it relate to strategic objectives and the three levels of strategy?arrow_forwardcan you please explain according to generic business strategy models, which one is most appropriate for this case and explainarrow_forwardDescribe how you would persuade managers and employees to implement a significant new plan?arrow_forward
- Could you use the SWOT framework to analyze Walmart’s Great Value? That is, please analyze Great Value’s strengths, weaknesses, opportunities, and threats.arrow_forwardWhat strategic controls and what financial controls could be used for a music streaming service?arrow_forwardExplain the following in simple words or explanation: Who is creating the scenario planning? Is scenario planning only effective for some oraganizations? Because there is always a social changes, rapid changes in the society especially to technology and global market. What if there is a faulty judgment because it involves uncertainty?arrow_forward
- How does planning from the top down work?arrow_forwardBased on the picture below, explain each briefly like you are teaching this to your students or give a summary explanation about how scenario planning works. Scenarios Narrativesarrow_forward2 Conduct a SWOT analysis for IBM’s Smarter Planet initiative. What are the relevant trends to consider for the next three to five years?arrow_forward
- Can yo give an example of a contingency plan from hurricane Ian?arrow_forwardImagine you are a manager at PepsiCo with the following scenario assumptions, would you try to convince your colleagues that introducing the new soft drink is the most profitable strategy by explaining the reasoning and theoretical analysis? Why or why not? Coca-Cola and PepsiCo are the leading competitors in the market for cola products. In 1960 Coca-Cola introduced Sprite, which today is among the worldwide leaders in the lemon-lime soft drink market and ranks in the top 10 among all soft drinks worldwide. Prior to 1999, PepsiCo did not have a product that competed directly against Sprite and had to decide whether to introduce such a soft drink. By not introducing a lemon-lime soft drink, PepsiCo would continue to earn a $200 million profit, less than Coca-Cola’s profit of $300 million. Suppose that by introducing a new lemon-lime soft drink, one of two possible strategies could be pursued: PepsiCo could trigger a price war with Coca-Cola in both the lemon-lime and cola markets.…arrow_forwardExplain why planning is difficult in case of environmental uncertainty. Which might be the challengesarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding Management (MindTap Course List)ManagementISBN:9781305502215Author:Richard L. Daft, Dorothy MarcicPublisher:Cengage Learning
Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning