Examlex
Refer to the Scenario below to answer the questions that follow.
The External Environment (Scenario)
DigiTech Corporation is a manufacturer of handheld language translation devices.There are many forces in the external environment that influence DigiTech,and its managers are monitoring them closely.One factor is the upcoming federal election.If elected,the leading political candidate has promised to cut corporate taxes to help stimulate the economy.Another factor is the emergence of new competitors with products similar to DigiTech's best-selling model: the Speak-Easy.Advances in the processing speed of computer chips have shortened product development cycles and made it easier for new companies to enter the market.Unfortunately,the recent increase in competition has led to supplier shortages of key components like microphones and micro-speakers,and left DigiTech scrambling to find new sources!
-The external environment of DigiTech consists of the specific environment,________.
Conduct
The manner in which a person behaves, especially in a particular place or situation.
Participative Management
An effort to involve employees in a company’s decision-making.
Decision Making
The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.
Authoritarian
A governing or leadership style characterized by absolute or blind obedience to authority, as opposed to individual freedom and related to centralization of power.
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