Question: An outside environment can substantially impact business productivity and effective management. Choose appropriate examples of external factors that have the potential to impact real businesses and discuss what should managers consider in planning, coordinating, leading, and controlling impacts of such external factors. You can either use one example and discuss it in relation to impact on each of the four management functions or select separate examples for each of these functions. Your word count for this assignment is 1000 words (250 words per section, i.e. impact of an external event on planning, coordinating, leading, and controlling). You will be assessed on the understanding of four areas of managerial responsibility and selection/application of your examples. Any resources you use should be cited and listed at the end of your assignment.
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