Applied Research Analysis in Management
Instructions
answer each question in short answer separately1) Explain the two perspectives on the environment. 2) Discuss the major barriers to entry. 3) Compare the general versus the specific environment. 4) Explain the primary responsibility of managers in conducting external analysis across managerial levels. 5) Describe the benefits of conducting an external analysis. 6) Discuss the benefits and challenges of doing an external analysis.
Answer
Applied Research Analysis in ManagementPerspectives on the EnvironmentEnvironment as an information perspective. In this perspective, the environment is perceived as a source of information that is vital for decision making. A crucial aspect is the idea of environmental uncertainty, which is the amount of change and complexity in the organizations environment. A more complex and dynamic environment creates uncertainty, and this leads to the requirement of more information by the investors in order to make appropriate investment decisions. Increased uncertainty results in the requirement of more information by the manager.Environment as a source of resource perspective. The environment is pictured as the origin of scare and the necessary resources required by competing organizations. The bu...
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