Importance of Strategy in the Ever-Changing Economic Environment - Coursework Example

xecutive summaryOwing to its very nature, the market for data recovery services is very much prone to legal, social, and economic issues pertaining to the domain in which they work.... It is a highly competitive market and the companies involved have to restructure their organizational strategy on a regular basis....

… The paper “Are Ready Meal Manufacturers Ready to Respond to a Changing Market environment?... The paper “Are Ready Meal Manufacturers Ready to Respond to a Changing Market environment?... Political influences also go to the extent of looking into whether the presence of these foods brings any effects to the environment (Forsgren, & Hagstrom 2007, p.... This report seeks to explain the effects of political, economic, social and technological changes that have influenced the sale of ready meals....

Overview of the economic environment The economic environment that any business survives in is made up of many factors.... These factors range from the parent country environment to international operational standards.... The major factors include political environment, technological environment, economic factors and the international operational environment.... economic environments have been changing over time since 2007 and most regions have undergone hard economic times before bouncing back....

The process of strategic decision making in the organization has involved analogies of organizations to political systems using the political model where's the rationale model and garbage can model provides a conceptualization of strategy development.... The importance of organizations can be attributed to the environments they provide for developing personal behaviors and qualities.... The strategy has been established as a major influence on the performance of organizations....