Question

Managers need to be aware of external/internal factors for all of the following EXCEPT?

1) In order to be promoted
2) Handling threats/opportunities
3) Complying with new regulations
4) Capturing new markets

Answer 1

Managers need to be aware of external and internal factors for handling threats/opportunities, complying with new regulations, and capturing new markets. However, being aware of these factors is not directly linked to being promoted.

Step-by-step explanation:

The correct answer is 1) In order to be promoted. Managers need to be aware of both external and internal factors for the following reasons:

1. Handling threats/opportunities: Managers must be aware of external factors, such as changes in the market, competition, and technology, in order to identify and respond to threats and opportunities that may impact the organization's success.
2. Complying with new regulations: Managers need to keep track of changes in regulations and laws that may affect the organization's operations, and ensure compliance to avoid legal consequences.
3. Capturing new markets: Understanding external factors, such as customer needs and preferences, market trends, and competitor strategies, is crucial for managers to identify and pursue opportunities to expand into new markets.

However, being aware of external and internal factors is not directly linked to being promoted. Promotions usually depend on factors such as performance, leadership skills, and experience.