From the course: Management Essentials
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Monitoring the overall external environment
From the course: Management Essentials
Monitoring the overall external environment
- With great power comes great responsibility, said important leaders like Winston Churchill, and of course, Spiderman's Uncle Ben. As a manager, you have great power to impact your team and your organization. You also have the responsibility to understand the big picture regarding what is impacting your organization now and in the future. Understanding your organization's environment will help you and your team make better decisions. This might sound daunting, but you don't have to do this alone. I highly recommend you lead your team through an analysis of the external environment. One framework you can use is PESTLE. First, consider the political forces. How does the political environment impact the dynamics of your workforce and your relationship to customers? How does foreign policy impact your organization? What are the biggest trends that are happening globally that may impact your organization in general and workforce in particular? Second, consider the natural environment…
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