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The Three Parts of the External Environment Which Affect a Firm's

question 25

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The three parts of the external environment which affect a firm's strategic actions are


Definitions:

Contacts

Individuals or entities that one knows, especially regarded as a source of information or in a professional context to gain advantages.

Social Capital

A term representing the networks, relationships, and norms that facilitate collective action within or among groups.

Social Ties

The connections and relationships between individuals or groups that can provide support, information, or access to resources.

Power

The power to shape or control the actions of others or steer the direction of events.

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