Companies and their managers need to understand and constantly analyze the external environment -which is comprised of multiple factors including the government, regulations, macro and micro-economic conditions, social factors, and other important factors-. I would like you to pick several industries and some companies in these industries that were affected by the pandemic and after reading chapter 1, 2, and 3 I would like you to discuss briefly how these industries were affected (in what specific aspects) and how they can get back on track?
Here is a recent example on how the external environment affects business and business strategy and policies
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