Question

3 factors to consider in formulating strategies for managing an environmental problem?

Answer 1

Answer:

here is the answer

Explanation:

Identification of strategic factors requires systematic analysis of both external and internal

environment of the firm. External environment analysis comprises of micro, and macro analysis of the business environment.' PESTEL' analysis is macro analysis. This will determine the strategic factors that indicate opportunity and threat in the business environment. The internal environment of the firm is created by the interaction of people, process and technology in the prevailing organization culture. Strategic factors of firm's strength and weakness are identifiable in all the functional areas of the firm. Say, market share, profitability, skill, productivity etc. Firm's mission leads to objectives. The integration of strategic factors, result in realization of objectives. Policies, plans and programs are required to be worked out for achievement of objectives through proper allocation of organizational resources.l

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