business policy
1.The global recession forced thousands of firms into bankruptcy. Does this fact alone confirm that external factors are more important than internal factors in strategic planning? Discuss.
Your response should be at least 200 words in length.
2.Explain the process of an internal audit and how an organization can identify their strengths.
Your response should be at least 200 words in length.
Answer Preview
The effects of the great recession on businesses proved that the external issues have more influence compared to the internal issues. This is because numerous companies collapsed due to bankruptcy. Therefore, the Industrial Organization has a notion that the external concerns tend to influence the competitive edge of a firm more than the internal concerns…
(575 Words)