What is one limitation mentioned regarding preparedness for changes in the macro-environment?
Understand the Problem
The question is asking which limitation is noted in relation to how organizations prepare for changes in the macro-environment. It presents a multiple-choice format, providing four different statements about preparedness and predictability of changes.
Answer
Difficulty in managing interconnected macro-environmental factors.
One limitation mentioned regarding preparedness for changes in the macro-environment is the difficulty in managing the interconnectedness of various macro-environmental factors and their impact on organizations.
Answer for screen readers
One limitation mentioned regarding preparedness for changes in the macro-environment is the difficulty in managing the interconnectedness of various macro-environmental factors and their impact on organizations.
More Information
The interconnectedness means that changes in one aspect can affect multiple other areas, making it challenging to prepare comprehensively.
Tips
A common mistake is underestimating the complexity and reach of macro-environment changes, assuming they affect only one area or sector.
Sources
- Macro Level - an overview | ScienceDirect Topics - sciencedirect.com
- Understanding External Business Environments with PEST and... - thestrategyinstitute.org
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