MBA 711 introduces students to various functional areas within business organizations. This course systematically explores the external environment in which businesses operate - legal and regulatory, macroeconomic, cultural, political, technological, and natural. The course examines the critical opportunities and threats that arise for management from the analysis of external business conditions. Students learn to apply scenario planning to a selected industry and synthesize trends in the external environment in the presence of risk and uncertainty. Several of the course assignments have been designed as starting points for the study of the core functional areas of business later in the program.