ADMS 1000 Study Guide - Midterm Guide: Ikea, Retained Earnings, Starbucks

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Eytan Lasry

Document Summary

What are the different external (7) forces and how do they influence organizations: competitive forces. Number of competitors and nature of competition will dictate changes in the organizations strategies. Domestic and foreign competitors has demanded an acceleration in innovation among firms in many industries. Organizations must create new and better methods of serving customers: technological forces. How it obtains resources and ultimately how effectively it competes. Change in technology is a constant and is a force that permits and demands organizational change. Benefit; technology has increased flexibility in work arrangements: labour forces. Canadian population reflects many cultures and demographics backgrounds. Immigrants took up much of the work force/ women as well. These factors demand that organizations understand the demographics context within which they operate. Forces that could be embedded in general economic , political, technological or societal forces - but are international in nature. Globalization ; a process ; that is a process involving the integration of world economies.