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The Impact of Economic Externalities on Business Strategy
Hello Fellow Strategist,
What are Economic Externalities?
Economic externalities refer to the costs or benefits that a company’s activities impose on others but which aren’t directly reflected in its costs or revenues. These can be
positive - e.g., a new tech park increasing local property values or
negative - e.g., pollution from a factory affecting community health.
Externalities impact industries, communities, and entire ecosystems, raising important questions for strategists about responsibility, sustainability, and risk.
What is their impact on Business Strategy?
Should organisations explicitly consider externalities in their strategies?
What might be the benefits of doing so?
What might be the consequences of not doing so?
How might they go about it?
Join us this Thursday at 14h00 UK time on #StratChat as we discuss these and related questions over a cup of tea or coffee☕. Click https://www.StratNavApp.com/StratChat/ZoomLink when the time comes.
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