Final answer:
The ecological dimension of an organization's external environment incorporates aspects like climate change and biodiversity, which are critical to business strategy and operations.
Step-by-step explanation:
The ecological dimension of an organization's external environment includes factors such as climate change, biodiversity, air and water quality, and other natural elements that can impact the organization's operations. In business studies, understanding these factors is crucial as they can affect supply chains, regulatory requirements, and customer preferences. Companies must navigate these challenges by adopting sustainable practices, which can also lead to competitive advantages.