Asked by Katelyn Nartiff on May 16, 2024
Verified
Your textbook outlines one foremost criteria that helps organizations identify critical environmental events over less important environmental changes and trends.
Critical Environmental Events
Significant occurrences within the environment that have the potential to impact human life, ecosystems, or business operations.
- Realize the importance of acquiring information promptly to ensure a competitive advantage.
Verified Answer
VW
Vedika WearanaMay 19, 2024
Final Answer :
False
Explanation :
Organizations typically use multiple criteria, not just one, to identify and prioritize critical environmental events over less important changes and trends. These criteria can include the magnitude of the impact, the urgency of response needed, the relevance to the organization's goals and strategies, among others.
Learning Objectives
- Realize the importance of acquiring information promptly to ensure a competitive advantage.
Related questions
Environmental Changes,events,and Trends Impacting Organizations Develop in Isolation from Each ...
According to the Resource-Based View,an Organization's Sustained Competitive Advantage Must ...
The Perfect Information Assumption of Perfect Competition Includes All of ...
Which of the Following Best Describes the Strategic Importance of ...
Stock Markets Are Common in Many Countries and Economies ...