Asked by Samantha Rader on Jul 01, 2024
Economic climate may influence different industries and businesses in a different way and to a different extent.
Economic Climate
The overall state of the economic environment in which a business operates, typically considering factors like inflation, unemployment, and gross domestic product (GDP) growth.
Different Industries
Various sectors and fields of economic activity that are distinct in the nature of their business operations and services/products offered.
- Understand the dynamic nature of external organizational environments and their impact on HR.
Learning Objectives
- Understand the dynamic nature of external organizational environments and their impact on HR.
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