Discussion Module 14.docx - During this course you have...

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During this course you have learned that the business environment is in a state of constant change and new circumstances will require new strategies and new approaches to implementing those strategies. Apply what you have learned as you discuss the following questions. 1. Describe the global business environment that is likely to develop in the next ten years. 2. Based on your scenario, how can companies in Saudi Arabia prepare to engage opportunities and avoid threats? 3. What strategies will firms need to adopt to prosper in the environment you foresee? Are there companies today whose strategies, structures, and approaches to management you think will provide leading examples for other companies in the future The global business environment can be defined as the environment in different sovereign countries, with factors exogenous to the home environment of the organization, influencing decision making on resource use and capabilities. Changes in the business environment in the 21st century occur frequently. The changes that have been witnessed over the past decades include globalisation, privatisation of public companies and the increase of liberal policies ( Hill & Hernández .2008) In many instances, these factors led to the death of profitable companies. Therefore, it is essential for businesses to adapt to the transforming business environment. Predicting future alterations in the business environment in the coming ten

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