What effect, if any, does the general milieu have on managerial practice?
The general environment’s effect on managerial practice is low & tends to be subtle. • It probably is significant over the long-term, but it has little influence in the short-term. • It is a potential factor that needs to be monitored. • Yet, since the specific milieu is directly relevant to organizational operations, & since management’s monitoring resources are limited, the general milieu can be expected to receive little of management’s attention.
