After reading this chapter, you should be able to:
- Explain the concepts of organizational boundaries and multiple organizational environments.
- Explain the importance of the economic environment to business and identify the factors used to evaluate the performance of an economic system.
- Discuss the current economic picture in Canada and summarize expert predictions about its future.
- Describe the technological environment and its role in business.
- Describe the political-legal environment and its role in business.
- Describe the socio-cultural environment and its role in business.
- Identify emerging challenges and opportunities in the business environment.