Please reply to the following using at least 175 words per reply. Be professional and constructive in your reply. Make sure to use FULL APA references and in-text citations.
1. An organizations success depends on its ability to quickly identify changes in the external environment and respond to them. Change is inevitable and being flexible enough to deal with unexpected changes in the environment could be the difference between survival and failure for an organization.
The COVID pandemic is the latest case study that describes how the external environment can affect an organization.
Explain how your organization address the changes that arose from the pandemic? How is the organization coping now?
2. Before leaders can begin to formulate a strategy, they must understand the background of the environment where the organization will be competing (Wheelan, et al., 2018). For the leader to design a strategy, there must be a deep understanding of the external environment and must conduct an environmental analysis.
What is an environmental analysis? What is its importance?
Wheelan, T.L., Hunger, J.D., Hoffman, A.N., & Bamford, C.E. (2018). Strategic management and business policy: Globalization, Innovation, and Sustainability. Pearson.
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