why is analysis of the borad environment Broad environment m

why is analysis of the borad environment (Broad environment meaning : sociocultural influence, technological influences, economic influences and political influences) important for effective strategic managment?

Solution

Ans:- The external environment is more diverse and complex. There are many effective models to discuss, measure, and analyze the external environment (such as Porter\'s Five Force, SWOT Analysis, PESTEL framework, etc.).Important for effective strategic managment :-

While there are many other external considerations one could take into account during the strategic planning process, this list gives a good outline of what must be considered in order to minimize unexpected threats or missed opportunities.