Final answer:
The political/legal component of the general environment facing organizations has witnessed changes over the past decade, such as stricter data privacy regulations. To manage their legal responsibilities, companies should stay informed, establish internal policies, and seek professional advice.
Step-by-step explanation:
The political/legal component of the general environment facing organizations has undergone significant changes over the past decade, with implications for how companies operate. One example of a relevant recent change is the implementation of stricter data privacy regulations, such as the European Union's General Data Protection Regulation (GDPR). This change has required companies to enhance data protection measures and comply with new requirements.
The best way for companies to manage their legal responsibilities is by staying informed about relevant laws and regulations, establishing internal policies and procedures to ensure compliance, and regularly reviewing and updating their practices to align with any changes in the legal landscape. Additionally, engaging legal counsel and seeking professional advice can help companies navigate complex legal matters.