Briefly summarise examples of these external trends

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Question 1. Introduce that the success of businesses in meeting their strategic outcomes depends on their agility or responsiveness to external trends existing in their external or macro environments-use a citation.

Question 2. Put forward that companies must carry out environmental scanning to determine these trends which inform changes in their business strategy and related management practices in meeting business goals - use a citation. See Marx (2015) in the reading list.

Question 3. Introduce that the PESTLE tool as a strategic analysis technique has identified major external trends (Political, Technological, Social, Environmental, Globalisation) which have implications for the management practices adopted by Tesla in meeting its outcomes of (1) profitability (2) cost reduction (3) shareholder dividends (4) competitive advantage and (5) employee and customer satisfaction.

Question 4. Briefly summarise 2 examples of these external trends which have changed existing or required new management practices in Tesla.

Question 5. Discuss how these changed or new management practices contribute toward meeting business goals.

Reference no: EM133393140

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