1. Name 4 external factors that have an influence on business. Give examples of the ways in which each factor can affect the business performance of two companies: Wal-mart and Ford.
2. Which of the following is a managerial reality?
People problems are far more complex than any other organizational problem.
People generally manage the way they have been taught to manage.
Managers get rewarded for what they do, not for what their employees do.
Great managers are born that way; teaching management has limited value.
People join managers but they leave organizations.