Summary "Comprehensive Overview: Introduction to Management and Ethical Responsibilities in the 21st Century"
1 view 0 purchase
Course
Introduction to Management (MGMT)
Institution
Rosebank College
Title: Introduction to Management: A Competency-Based Approach, 10th Edition
Description: This document provides a comprehensive overview of the field of management, focusing on the fundamental concepts, theories, and practices involved in effectively leading and coordinating organizations. Base...
- Understanding the external environment: economic, social, political, technological, and
legal factors:
- Economic factors: include economic growth, inflation rates, unemployment, and consumer
spending patterns, which impact organizations' operations and profitability.
- Social factors: encompass demographic trends, cultural values, consumer behavior, and
social norms that influence market demand and organizational strategies.
- Political factors: refer to government policies, regulations, and stability, which can affect
business operations, trade, and market entry.
- Technological factors: involve advancements in technology, innovation, and digital
transformation that can create new opportunities or disrupt industries.
- Legal factors: encompass laws and regulations related to business operations, intellectual
property, labor, health and safety, and environmental protection.
- Impact of globalization on organizations:
- Globalization refers to the increasing interconnectedness and interdependence of
economies and societies worldwide.
- It has expanded market opportunities, facilitated international trade, and allowed
organizations to access global resources and talent.
- Organizations need to adapt to cultural diversity, manage global supply chains, and
navigate complex international business environments.
- Internal environment: organizational culture, structure, and resources:
- Organizational culture: the shared values, beliefs, norms, and behaviors that shape the
organization's identity and influence employee behavior and decision-making.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller tanakatafara. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.58. You're not tied to anything after your purchase.
