Lesson 2: Organizational Environments and Culture Flashcards
environmental change, environmental complexity, resource scarcity, and uncertainty that it all can create for organizational managers
the three basic characteristics of a changing environment
A theory where companies go through equilibrium, revolution, and a return to stability with a new equilibrium
environmental change
An environment in which the rate of change is slow
stable environment
An environment in which the rate of change is fast
dynamic environment
A theory where companies go through equilibrium, revolution, and a return to stability with a new equilibrium
punctuated equilibrium theory
an environment with few environmental factors
simple environment
an environment with many environmental factors
complex environment
the abundance or shortage of critical organizational resources in an organization’s external environment
resource scarcity
extent to which managers can understand or predict which environmental changes and trends will affect their businesses
uncertainty
environmental change, environmental complexity, resource scarcity, and uncertainty that it all can create for organizational managers
general environment
environmental change, environmental complexity, resource scarcity, and uncertainty that it all can create for organizational managers
specific environment
indices that show managers’ level of confidence about future business growth
business confidence indices
the knowledge, tools, and techniques used to transform input into output
technology
What component of the general environment refers to the demographic characteristics, general behavior and beliefs of people in a particular society
sociocultural component
What component of the general environment includes the laws, regulations, and court decisions that govern and regulate business behaviour?
political/legal component
