BU398 Study Guide - Midterm Guide: Westjet, Network Virtualization, Soft Drink
Document Summary
Change strategy plan to guide organizational change. Current challenges for businesses: globalization, world is getting smaller- for organizations as many have expanded on a global scale, sense of interconnectedness- some places have headquarters for specific departments thus comm. is harder. Organizations are: social enterprises, goal directed, designed deliberately structured and coordinated activity systems, linked to external environment. Comprise of people and relationships w/ each other not buildings. Although it can be separated by depart. , it has to have a vision in mind- team like setting. Organization cannot survive w/o interacting w/ external enviro. , customers and environments, suppliers, competitors. Mnc, small, large, family oriented, non-profit (money come from grants, fundraisers, corporate donations) Non profits- do no have conventional bottom line last figure. Closed system- a system that is autonomous, enclosed, and not dependent on environment- Open system- must interact with environment to survive, it both uses resources and exports them to the environment, does not conceal itself.
