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Leadership must also respond to the challenges created by the businesses remote and industrial external environments. These external environments include competitors, suppliers, and technology advancements that support demands of an organization’s internal and external activities as well as support the requirements of its stakeholders...
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These external factors are broken into three factors remote, industry, and operating environments and influence a firm’s choice of direction and internal processes within its organizational structure (Pearce, J & Robinson R., 2005).
To start off, the remote environment encompasses 5 aspects that originate beyond a firm’s operating situation; economic, social, political, technological and ecological characteristics...
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