MGTS1301 Lecture Notes - Lecture 6: Organizational Culture, Gross Domestic Product, Fits
Document Summary
Environment & corporate culture: the organisation"s external environment, organisations are open systems, managers must understand the basic elements of their environment in order to carry out the functions of planning, organising, leading and controlling to achieve organisational goals. All the background conditions in the external environment of an organisation. This part of the environment forms a general context for managerial decision-making, and includes all the major external environmental issues of our day. Uncertainty: basic strategies for dealing with environmental uncertainty involve adapting and influencing. Adapting: make changes within the organisation to cope with uncertainty, boundary-spanning roles, forecasting, inter-organisational partnerships, mergers and joint ventures. Influencing: changing the external environment to cope with uncertainty, advertising and public relations, political activity, trade associations, the internal environment & corporate culture. What is organisational/corporate culture: organisational culture refers to the set of key values, beliefs, understandings and norms shared by members of an organisation.
