Chapter 8 Flashcards
How does society change?
1) social structure
2) values
3) attributes
4) attitudes
5) tastes (individual preference)
What are environmental factors?
include ecological and environmental aspects such as weather, climate change, pollution, the availability of renewable and non-renewable energy or any direct consequence of these things
How can a business affect or be affected by its physical environment?
Understanding the environment - businesses use the environment to produce products then money. This can cause pollution. Climate change can affect businesses
How can a business limit damage to the environment?
Implement processes that reduce negative environmental effects
Implement policies that have a positive environmental effect, such as creating environmental resources and reducing polution
Whats is sustainability?
Organisations should use resources in such a way that they do not comprise the needs of future generations
What are technological factors?
Rapid development of technology requires a quick change form businesses
More effective IT systems can sometimes replace admin roles.
What is ‘downsizing’?
reducing your staff and work
What is ‘delaring’?
removing the middle managers
increasing average span of control of higher managers
What adv does delaring cause?
more opportunities, improve communication, reduce costs, better customer service
what are dis adv or delaring?
Not all businesses are suited and can cause damaged communication.
Increase workload
What is outsourcing?
Contracting - out aspects of the work, previously done -in house to specialist providers
What are some adv of outsourcing?
Cheaper, less staff, higher quality/specialist companies, covers lack of skills, management focus on core business
What are some dis adv of outsourcing?
May be more expensive, hard to bring back in-house, confidentially, redundancies
