Difficulty: Easy
Correct Answer: information on threats and opportunities faced by the business
Explanation:
Introduction / Context:
Continuing education keeps managers current in a fast-changing environment. While specialist knowledge matters within functions, all managers—regardless of department—must understand the evolving landscape of opportunities and threats to make informed strategic and operational choices.
Given Data / Assumptions:
Concept / Approach:
Information on threats and opportunities (market shifts, competitor moves, customer expectations, supply chain risks) is universally relevant. It informs prioritization, resource allocation, and risk management in every unit. While updates in chemistry or accounting may be valuable to certain specialists, they are not universally applicable to all managers across the enterprise.
Step-by-Step Solution:
Verification / Alternative check:
Strategy frameworks emphasize environmental scanning and opportunity/risk assessment as core managerial activities.
Why Other Options Are Wrong:
Common Pitfalls:
Confusing specialist CPD (continuing professional development) with general management development; the latter centers on understanding the external and internal forces shaping the business.
Final Answer:
information on threats and opportunities faced by the business
Discussion & Comments