Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

Proper understanding of business environment is not a prerequisite for which of the following?

Options:

Tapping of useful resources

Identification of opportunities and threats

Formulation of strategies

Better coordination of employee efforts

Correct Answer:

Better coordination of employee efforts

Explanation:

A proper understanding of the business environment is not a prerequisite for better coordination of employee efforts. While it certainly helps to have an understanding of the external environment for strategic decision-making, coordinating employee efforts primarily involves internal organizational factors, communication, leadership, and teamwork. Understanding the business environment is crucial for tapping useful resources, identifying opportunities and threats, and formulating effective strategies. However, internal coordination can be achieved through effective internal communication, clear goals, proper leadership, and a supportive organizational culture, regardless of the external business environment.