BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ in recent years the business environment has become increasingly turbulent, complex and threatening. The result is that top managements find it necessary to spend more and more time on environmental forces and company relationships to them (r. 19-21). La palabra destacada hace referencia a:
A
las relaciones de la compañía
B
las administraciones superiores
C
las fuerzas del entorno
Explanation: 

Detailed explanation-1: -Environmental turbulence refers to the degree to which a firm’s external environment is characterized by unpredictability, uncertainty, and volatility. More formally, it is defined as the rate and unpredictability of changes in a firm’s external environment (Boyne and Meier, 2009, Danneels and Sethi, 2011).

Detailed explanation-2: -Turbulence in the business environment can erode a company’s competitive advantage and cause it to become more challenging to maintain. Organizational performance will be maximal if there is a good conjunction between the organization and the organizational environment, and if the strategic gap is zero [6].

Detailed explanation-3: -3] Dynamic Response So for such firms, the external factors are somewhat manageable or controllable, i.e. they have some minimal control even over their external environment. Such companies have very powerful and dynamic analysis and feedback framework. They can see the major changes coming from a mile.

Detailed explanation-4: -Ambidextrous organizations respond better to turbulence By nature, this type of organization is much better at coping with different challenges, particularly in times of turbulence.

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