Problem 1:
According to the systems approach, all organisations are open systems as they’re being impacted by different components of the external business environment. In such a context, the managers have to clearly understand the environment, examine its impact on the organisation and take corrective measures to deal with these kinds of impacts.
Required:
Question 1:
Explain and discuss the omnipotent and symbolic view of assessing the role of managers with respect to business environment.
Question 2:
Write down the different components which the manager should monitor in the external environment?
Question 3:
Describe, by using appropriate instances, how managers may deal with affects of the specific environment on organisation.