External And Internal Environment Of Management Flashcards
What are the 2 components for environmnet
- General environment
- Task environment
What are the dimensions in the task environment
- Customers
- Competitors
- Suppliers
- Labour market
What are the dimensinos of the general environment
- Technological
- Natural
- Sociocultural
- Economic
- Legal/political
- International
Define general environment
The outer layer of the environment that. Has the indirect (not day-to-day) impact on organisation
Define task environment
Layer of the external environment that directly influences the organisation’s operations and performance
What does the internal environment comprise of
- Corporate/organisational culture
- Production technology
- Organisation structure
- Physical facilities
What are the 4 types of culture
- Adaptability culture
- Achievement culture
- Involvement culture
- Consistency culture
Define adaptability culture
Response to the environment that requires fast responses in industries such as tech and cosmetics
Define achievement culture
A results-oriented culture that values competitiveness, personal initiative, cost-cutting and achievement
Define involvement culture
Places high value on meeting the needs of employees where it values cooperation, consideration and equality
Define consistency culture
Values and rewards a methodical, rational and orderly way of doing things
Define globalisation
Production of product is an international joint-effort
What are the 4 stages of globalisation
- Domestic stage
- International stage
- Multinational stage
- Global stage