Question description
W8 Discussion “Outlook For The Future”
Business Policy and Strategy Outlook For The Future Before
writing, think about some of the key attributing variables that are
causing managers roles to change. BE cognizant of two factors. First,
that the business environment is in constant change and new
circumstances will require new strategies and new approaches to
implementing those strategies. Second, that strategic management is a
young subject that is still in its early stages of development. Finding
solutions to familiar and new business problems will require openness to
new ideas, new concepts, and new approaches to strategy formulation and
implementation. Now, in your discussion question address the following questions: What will be the key developments in the global environment of business during the next five years? On the basis of these, what will be the greatest challenges that firms from the advanced industrialized countries will face? What strategies will firms need to adopt in order to prosper in the environment you foresee? What
are the implications for these developments for firms’ organizational
structures, management systems, and leadership styles?
