MGMT1136 Study Guide - Quiz Guide: Gross Domestic Product, Organizational Culture, Bitcoin

• School: UWA
• Department: Management
• Course: MGMT1136
• Professor: Professor Peter Goldschmidt

Document Summary

Chap 3&4: impact of external and internal environments on organisations (tut 3) General environment: dimension of the external environment that affects organisations indirectly (economic, sociocultural, political/legal, technological, natural environment) Economic conditions: the general state of the economy in terms of inflation, interest rates, income levels, gross domestic product and unemployment and related indicators of economic health. Sociocultural conditions: the general state of prevailing social values on matters such as human rights, trends in education and related social institutions, and demographic patterns. Political philosophies: law and government regulations and the general state of the prevailing philosophy and objectives of the political party (or parties) running the government. Technological conditions: the general state of the development and availability of technology, including scientific advancements. Natural environment conditions: the general state of nature and the conditions of the natural environment, including levels of public concern expressed through environmentalism.