ADM 1300 Lecture Notes - Lecture 1: Natural Environment
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ADM 1300 Full Course Notes
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Document Summary
Economic: health of the economy and measures economic growth, the unemployment rate, income etc) Legal politics: political parties have objectives in which they would like to run the government (education, health, population) Socio-cultural: customs, norms, laws, trends and the way businesses are run, social values. Technological: the availability and developments of technology (internet ant it systems) Natural environment: recycling, greens, nature and environmental conditions. Organizational environment: the way in which organizations interacts with groups and persons and conducts business. Environmental uncertainty: a lack of information with regards to what exists and what can occur in an external environment: degree of complexity, rate of change. The management process: managers attain a high performance for their organization by using human and material resources. Top managers: responsible for performance of the organization as a whole. Middle managers: in charge of departments and divisions. Interpersonal roles: interactions with people inside/outside of a workplace. Technical skill: apply special expertise to perform tasks.