MGHD27H3 : Book Notes
Document Summary
Organizations as open systems: open systems: systems that take inputs from the external environment, transform some of them, and send them back into the environment as outputs. Inputs capital, technology, people, energy and outputs- products and services: ex. The ability to adopt proper technology and change according to technological advantages will give companies a competitive advantage. Interest groups: parties or organizations other than direct competitors that have some vested interest in how an organization is managed. Examples include university regulating authorities, the local community, charities, etc. Companies manufacturing memory cards; as technology changes, products must adapt: as uncertainty increases, cause-effect relationships become clear, priorities become harder to agree upon, and more information must be processed by organizations to make decisions. Resource dependence: the dependency of organizations on environmental inputs such as capital, raw materials and human resources, organizations must develop strategies for managing both resource dependence and environmental uncertainty.
