Textbook Notes (368,150)
Canada (161,680)
GMS 200 (566)
Chapter 4

Chapter 4 - Organizational, Environment & Culture

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Global Management Studies
GMS 200
Shavin Malhotra

ndWednesday September 22 2010 Chapter 4 Organizational Environment and Culture Environment and Competitive Advantage the world is too uncertain and the competition too intensein order to survive all organizations must dramatically and continuously improveCutting costsAdding valueCreating new productsWhat is Competitive Advantage competitive advantage allows an organization to deal with market and environmental forces better than its competitors organization may achieve competitive advantage in many waysEX through its products pricing customer service cost efficiency and quality regardless of how competitive advantage is achieved the key results are the sameStakeholders and the Specific Environment specific environment includes people and groups with whom an organization interacts specific environment is often described as stakeholders who are people groups institutions directly affected by an organizationStakeholders common to the specific environment of most organizations include customers suppliers competitors regulator
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