Final answer:
Managers must focus on the economic and legal aspects of their external areas of concern.
Step-by-step explanation:
Managers must focus on two key external areas: the economic aspects and the legal aspects. In terms of economic aspects, managers need to consider factors such as market trends, consumer demand, and competition. They should analyze the financial implications of their decisions and ensure that their organization is operating efficiently and profitably. Regarding legal aspects, managers must comply with applicable laws and regulations in areas such as employment, contracts, intellectual property, and environmental protection. They need to be aware of legal risks and ensure that their organization operates within the boundaries of the law to avoid penalties and legal disputes.