2. Composition of the Management Environment Flashcards
The 4 phases involved in conducting an environmental analysis are briefly discussed below:
Phase 1: Identify key (1)…
Phase 2: Evaluate and select a (2)… for analyzing the environment.
Phase 3: Develop an (3)…
Phase 4: (4)… the variables, trends and environment continuously.
(1) Environmental variables.
(2) Technique
(3) Environmental profile
(4) Monitor
The three skills that managers would need is?
- Technical skills
- Team building skills
- Drive skills
The three environments of an organisation is?
- Micro-environment
- Macro-environment
- Remote
- Market
The three management approaches are?
- Process approach
- Systems approach
- Contingency approach
The two techniques that can be used to evaluate and analyse the environment would be (1)… & (2)…
(1) Linear trend estimation
(2) SWOT analysis
The … approach becomes applicable when identifying key environmental variables.
Contingency
The … to management is that the most appropriate style of management is dependent on the context of the situation and a single , rigid style would be inefficient.
Contingency approach
The … to management is about planning the processes and how these processes interact with the management system.
Process approach
The … is the broader environment that surrounds the market environment.
Remote environment
The … to management is about studying the firm in its entirety and how everything needs to work together in order to achieve specific goals.
Systems approach
We can describe a managers work in four functions namely:
- Planning
- Organizing
- Leading
- Controlling
We use contemporary … to explain the complexity of the modern business organisation in relation to the environment in which it functions.
Management approaches
Within business environments, … emerge that managers need to take into consideration.
Threats & opportunities
… are used to measure performance.
Organisational goals & objectives
