MGT363H5 Chapter Notes - Chapter 4: Consumer Protection, Netflix, Interlocking Directorate
Document Summary
General environment includes those sectors that might not have a direct impact on the daily operations of a firm but will indirectly influence it: often includes the government; sociocultural, technology, and financial resources sectors; and the economy. International context all domestic sectors can be affected by international events ex. company may be purchased by the japanese who alone own thousands of na companies. The more external fa(cid:272)tors that regularl(cid:455) i(cid:374)flue(cid:374)(cid:272)e the org & the greater (cid:374)u(cid:373)(cid:271)er of other orgs i(cid:374) a(cid:374) org"s domain, the greater the complexity. A complex env is one in which the org interacts with and is influenced by the numerous diverse & diff external elements. Ex. uni is a complex env, must deal with competition for quality students & highly educated employees, scarce financial resources, alumni, foundations, etc: stable-unstable dimension refers to whether elements in the env are dynamic.
