logo
Ask Question

Asked by Kayla Weller on Sep 23, 2024

verifed

Verified

Which of the following are important elements of an organization's external environment:

A) Globalization
B) Political landscape
C) Labor markets
D) Legal institutions
E) All of the above

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

Labor Markets

Economic sectors that deal with the demand and supply of labor, determining employment levels and wage rates.

Legal Institutions

are established organizations within a society that develop, enforce, and interpret laws governing the behavior of individuals and groups.

  • Recognize the significance of conducting organizational assessments within human resource planning and understand the influence of both internal and external environmental elements on it.
verifed

Verified Answer

YG
Yohandra Guardado5 days ago
Final Answer :
E
Explanation :
All of the above elements are important components of an organization's external environment. Globalization affects companies' markets and supply chains. Political landscape affects regulations, policies, and government contracts. Labor markets influence the availability and cost of talent. Legal institutions influence the legal framework and potential legal risks for organizations.

Related questions

An Organizational Assessment of the Internal and External Environments Is ...

Planning Is the Process of Avoiding Uncertainty

Planning Should Be a Springboard to Success, Not a Barrier ...

It Is Accurate to Describe Planning as a Continuous Process ...

By Envisioning a Pathway from Concept to Reality, Planning Enables ...