Chapter 2 - The Dynamic Environment

Question 1

Nine deep historical forces

Answer 1

1. Industrial revolution
2. inequality
3. population growth
4. technology
5. globalization
6. nationstates
7. dominant ideologies
8. great leaders
9. chance

Question 2

Historical force

Answer 2

Environmental force of unknown origin and mysterious action that provides the energy for events. The discussion divides this force, somewhat artificially, and nine separate but related forces causing distinct chains of events.

Question 3

The Industrial Revolution

Answer 3

And economic metamorphosis in England in the late 1700s. It occurred when certain necessary conditions were present and shifted the country from a simple agrarian economy to a growing industrial economy.

Question 4

Gini index

Answer 4

A statistical measure of any quality Inn which is zero is perfectly quality and 100 is absolute inequality.

Question 5

Nationstate

Answer 5

And international actor having a ruling authority, citizens, and the territory with fixed borders.

Question 6

Ideology

Answer 6

A set of reinforcing beliefs and values that constructs a worldview.

Question 7

Six key external environments

Answer 7

1. Government
2. Technology
3. Economy
4. Law
5. Culture
6. Nature

Question 8

Trade liberalization

Answer 8

A philosophy in which nations promote trade by easing restrictions, including both Tariff and nontariff barriers. This philosophy, sometimes simply called liberalization, is the bedrock of economic globalization.

Question 9

Foreign direct investment

Answer 9

Capital investment by private firms outside of their home countries.

Question 10

Culture

Answer 10

A system of shared knowledge, values, norms, customs, and rituals acquired by social learning.

Question 11

Post materialist values

Answer 11

Values based on assumptions of security and affluence, for example, tolerance of diversity and concern for the environment.

Question 12

Democracy

Answer 12

A form of government requiring three elements

1. popular sovereignty
2. political liberty
3. majority rule

Question 13

Soft law

Answer 13

Voluntarily adopted guidelines for corporate behavior derived from emerging norms and standards in international codes, declarations, and conventions.

Question 14

The legal environment consist of…

Answer 14

Legislation, regulation, and litigation. Five trends that constrain business behavior are;

Laws
Legal duties
Globalization 
Requirements of ethical behavior and corporate social responsibility.
Evolution of law

Question 15

Astor and the American fur company

Answer 15

The The Louisiana purchase. Lewis and Clark expedition. Astoria sold to the British in 1812. 1816 lobbying succeeded law for bidding foreigners from trading for us in the US established.