ADMS 1000 Lecture Notes - Lecture 1: Strategic Management, Organizational Learning, Kodak

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Keith Lehrer

Document Summary

Chapter 1: p. 36 discussion questions: identify and explain four internal challenges for business. Nature and purpose of strategic management, central internal force that all organizations must contend with the ability to generate a game plan to succeed: describe the difference between the general environment and the specific environment. P. 7: general environment: encompass the external, specific environment: within which the organization environments of all organizations in a society. It shapes the specific environment of an organization, will influence the organization"s ability to obtain resources directly operates. The organization is surrounded by external stakeholders, affecting the ability to obtain resources and generate output: identify and describe the six external challenges for business. P. 5: economic forces: describing the symptoms of a country"s influence and health on organizations. For example, if unemployment is high, then there will be less consumption and will negatively affect businesses. Lower sales will reduce production, cut costs, and perhaps lay off workers: ie.