Summary Chapter 4: External Environment and Organizational Culture
920 views 1 purchase
Course
Management
Institution
Hogeschool Zuyd (HZ)
Book
Introduction to Management
Introduction to Management - Thirteen Edition - John R. Schermerhorn. Jr. & Daniel G. Bachrach
Chapter 4: External Environment and Organizational Culture
MANAGEMENT 1.1
CHAPTER 4
EXTERNAL ENVIRONMENT AND ORGANIZATIONAL CULTURE
TAKEWAY 1: The External Environment
The general or macroenvironment — consists of economic, legal-political,
sociocultural, technological and natural environment conditions in which the
organization operates.
Economic
health of the economy
Legal-political
philosophy/objectives of political party running the government
Socio-cultural
norms, customs, social values
Technological
development and availability of technology
Natural environment
nature and conditions of environment
, MANAGEMENT 1.1
CHAPTER 4
Economic conditions
– Overall health of economy in terms of financial markets, inflation,
income levels, and job outlook
– Offshoring outsourcing of jobs to foreign locations
– Reshoring return of jobs from foreign locations
Legal-political conditions
– Laws and regulations, government policies, and the objectives of
political parties
– Vary from one country to the next
– Internet censorship - deliberate blockage of public access to
information posted on the Internet
Sociocultural conditions
– Diversity issues relating to educational opportunity, access to
technology, housing/job options
– Norms, customs, demographics, and societal values
– Generational cohorts people born within a few years of one another
and who experience somewhat similar life events during their formative
years
Technological conditions
– Social media, features and “apps” on smart phones
– Brings both opportunities and problems
– Work-life balance
Natural environment conditions
– Nuclear plant failure, oil spill, hurricane
– “Carbon neutral,” “green”, “sustainability”
– Sustainable business – meets both the needs of customers and
protects the natural environment
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 danique2212. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.75. You're not tied to anything after your purchase.
