Strategic management

Sanmitra Sanjeev Ratnaparkhi (-) (223 Points)

07 April 2014  

Will somebody please expain me the highlighted portion?

Question:-

Environmental Constituents exist in isolation and do not interact with each other

Answer:-

 Incorrect:  Environmental constituents such as economic, legal, society, technology and other macro elements are interwoven through through complex and haphazard linkages . These constituents comprise of multitude of forces that are inter-related and inter-dependent. They are termed as environment as they are outside the main periphery of business but may affect its functioning directly or indirectly.

[Specially the meaning of the word HAPHAZARD]