BU398 Lecture Notes - Lecture 8: Numeracy, Habitat
Document Summary
All elements outside the boundary of the organization that have the potential to influence the organization = stakeholders. Changing organizational domain is one potential way of addressing environmental uncertainty: environmental sectors- 10 different factors- more comprehensive than pest, subdivisions of the environment that group similar elements. Task environment: (cid:862)core(cid:863) e(cid:374)viro(cid:374)(cid:373)e(cid:374)t, direct i(cid:373)pact o(cid:374) daily operatio(cid:374)s (cid:894)a, (cid:271), c, e, j(cid:895) a. General environment: everything else, indirect impact (d, f, g, h, i) a. Having enough capital to start the company b. How the technological changes can affect company performance and competition c. Economic recessions, unemployment rates, inflation rates, rates of investment, growth. Big decrease in consumer spending power, affecting financial performance d. Foreign laws and regulations that can be costly to companies, differing political processes. Shifting demographics (e. g. , age, values/beliefs, birth rate declines, immigrants) *degree to which the stakeholder group feels the goals of the company are important/of interest to them.
