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Class notes BUSI 1011 Management Ch. 4, ISBN: 9781119715061 CA$11.83
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  3. Lakehead University (LakeheadU )
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  5. Introduction To Management
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Class notes

Class notes BUSI 1011 Management Ch. 4, ISBN: 9781119715061
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Ch. 4 Environment, Innovation and Sustainability. Covers sociocultural conditions, the external environment, value creation, environment uncertainty, the innovation process, sustainable development, human sustainability

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  • February 9, 2023
  • 5
  • 2022/2023
  • Class notes
  • Dr. john kimberly
  • All classes

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Management
Environment, Innovation and Sustainability
Ch. 4

The general environment of the organization including:




Sociocultural conditions
↳ Diversity issues relating to educational opportunity, access to technology, housing/job
options
↳ Norms, human rights, demographics, and social values
↳ Generational cohorts - people born within a few years of one another and who experience
somewhat similar life events during the formative years

, The External Environment

Technological Conditions
↳ Social media, features and “apps” on smart devices
↳ Bring both opportunities and problems
↳ Social networking and technological dependency

Natural environment conditions
↳ Nuclear plant failure, oil spill, hurricane
↳ “carbon neutral,” “green,” “sustainable”
↳ Protecting natural resources and preserving them for future generations

The specific task environment - actual organizations, groups, and persons with whom an
organization interacts and conducts business. Includes stakeholders as:




Multiple Stakeholders in the Environment of an Organization

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