100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Summary "Comprehensive Overview: Introduction to Management and Ethical Responsibilities in the 21st Century" R133,00
Add to cart
Quickly navigate to
Preview
  2.  
  3. Rosebank College
  4.  
  5. Introduction to Management (MGMT)

Summary

Summary "Comprehensive Overview: Introduction to Management and Ethical Responsibilities in the 21st Century"
 2 views  0 purchase

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...

[Show more]

Preview 1 out of 4  pages

Document information

  • May 26, 2023
  • 4
  • 2022/2023
  • Summary

Subjects

Written for

All documents for this subject (2)

Seller

avatar-seller
tanakatafara

Content preview

INTRODUCTION TO MANAGEMET

Chapter 2:
The External and Internal Environments




- 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

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

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

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 this summary 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 this summary for R133,00. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53022 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R133,00
  • (0)
Add to cart
Added