Textbook Notes (362,734)
Canada (158,032)
MGTA01H3 (583)
Chapter 2

Chapter 2 - Understanding the Environments of Business

5 Pages
Unlock Document

University of Toronto Scarborough
Management (MGT)
Chris Bovaird

S\`W^ŶÊZVW^_`SZV ZY`WZb ^[ZWZ`_[Xa_ ZW__ \S Z`W \[^`SZUW[X`WWU[Z[UWZb^[ZWZ``[Ta_ ZW__SZV VWZ` X`W XSU`[^_a_WV`[WbSaS`W`W\W^X[^SZUW[XSZWU[Z[ U__`W `W^ZSZb ^[ZWZ`ÊWbW^` ZY[a`_ VWSZ[^YSZ S` [Z_T[aZVS^ W_`S` Y`SXXWU` `` _\S_SS[^^[W ZVW`W^ Z ZY`W_aUUW__[^XS a^W[XSZ [^YSZ S` [Z WY!WU[Z[ UVWbW[\WZ`!`WUZ[[Y USWZb ^[ZWZ`!_[U ["Ua`a^S WZb ^[ZWZ`!Ta_ ZW__WZb ^[ZWZ`!WW^Y ZYUSWZYW_SZV[\\[^`aZ ` W_!Y[TS WZb ^[ZWZ`!SZV\[ ` US"WYSWZb ^[ZWZ`# U[Z[ UZb ^[ZWZ`ÊU[ZV ` [Z_[X`WWU[Z[ U__`W Zc USZ [^YSZ S` [Z[\W^S`W_ ^WW&WY[S_[X`WSZSV SZWU[Z[ U__`WS^W'WU[Z[UY^[c`WU[Z[U _`ST`SZVXaW\[WZ` [[_cWa_W`[WS_a^WWU[Z[ UY^[c`S^W'SYY^WYS`W[a`\a`_`SZVS^V[XbZY Y^[__V[W_`U\^[VaU`SZV\^[VaU`b` S Z`^WS`_`[WU[Z[ U_`ST `S^W'ZXS`[ZVWXS`[ZSZVaZW\[WZ` a_ ZW__UWÊ\S``W^Z[X_[^`"`W^a\_SZVV[cZ_ W\SZ_ [ZSZV U[Z`^SU` [Z_# ZSZWU[Z[ `S_X[a^\S_W_'\WS^WUW__[Z`^[aYSZV ^WU[bW^ WUW__ [ZÊ _S\W^ [VVa^ ZYc USYY^WYS`W[a`\a`VWU ZW_!S_WS_a^WVT ^WS) W\^W__ [ZÊ\S^` UaS^_WbW^WSZV[ZY"S_` ZY^WUW__ [Z YY^WYS`Wa`\a`Ê`[`S]aSZ` `[XY[[V_SZV_W^b UW_\^[VaUWVTSZWU[Z[ U __`WVa^ ZYSY bWZ\W^ [V`WS ZWS_a^W[XY^[c` Z`WTa_ ZW__UUW Z ZU^WS_W ZSYY^WYS`W[a`\a` _Y^[c`.WZ[a`\a`Y^[c_[^W]a U&`SZ `W\[\aS` [Z`c[` ZY_a_aSX[[c' ŵ a`\a`\W^US\ `S `W]aSZ` `[XY[[VSZV_W^b UW_\W^\W^_[Z#Y[W_a\ Ŷ W__`W\^[b VW_^WS` bW[^W[X`WY[[V_SZV_W^b UW_\W[\WcSZ` ZVcWZ`W_W`c[` ZY_[UUa^!\W[\W b ZY ZSZWU[Z[ U__`WTWZWX `X^[ S YW^_`SZVS^V[X b ZY `SZVS^V[X b ZYÊ`W`[`S]aSZ` `SZV]aS `[XY[[V_SZV_W^b UW_`S` U[aZ`^_U ` WZ_USZ\a^US_Wc ``WUa^^WZUa_WV Z`W ^WU[Z[ U__`W ) SZV) S^W ^[__[W_` U ^[VaU` Ê`W`[`SbSaW[XSY[[V_SZV_W^b UW_ a_WXaWS_a^W_ \^[VaUWVc ` ZY bWZ\W^ [V[X` WTSZS` [ZSWU[Z[`^[aYV[W_` U [XWU[Z[ U Y^[c`TWUSa_W \^[VaUWV ZSZSVS#XSU`[^_[X\^[VaU` [Z `WS[ca_`[ `^SU&SZ ^[__S` [ZS ^[VaU` Ê`[`SbSaW[XSY[[V_SZV_W^b UW_\^[VaUWV WU[Z[_ TSZS` [ZSWU[Z[c ` ZSY bWZ\W^ [V^WYS^VW__[XcW^W`WXSU`[^_[X \W^X[^SZUW \^[VaU` [ZS^W[US`WV [bW^` W WZa ZW ^[Y^W__ZV US`[^ Ê`^WS`_SU` b ` W_`S`S^SZWZb ^[ZWZ`[^ [a^]aS `[X XWS_U[_`_SZVY bW_`WZWYS` bWbSaW_[^W^WS _` UWS_a^W`[ S__W__WU[Z[ USU` b ` ) SZV) a_aSV XXW^_ Y`!Ta`) _`W\^WXW^^WVW`[V[XUSUaS` ZY ZS` [ZS ZU[WSZV[a`\a`WS^[c`S`W[X Ê`WY^[c`^S`W[X) SVa_`WVX[^ZXS`[ZSZVUSZYW_Z`WbSaW[X`WU[aZ`^_Ua^^WZU)^[c` VW\WZV_[Z[a`\a` ZU^WS_ ZYS`SXS_`W^^S`W`SZ\[\aS` [Z1XY^[c`^S`W[X) WUWWV_`W^S`W[X\[\aS` [ZY^[c`!`SZ[a^_`SZVS^V[X b ZY_[aVTW \^[b ZY ) \W^US\ `SWSZ_) \W^\W^_[ZcWYW`` _X Ya^WTV b V ZY`[`S) T `W`[`S\[\aS` [Z[XSU[aZ`^SZSVS_) \W^US\ `S _ŘŶ3ŷŸŸ6WS) 8 WSZ_`S`) S_TWWZSVa_`WV [ ZS Ê) WS_a^WV ZUa^^WZ`V[S^_[^c SU[\[ZWZ`_bSaWVS` Ua^^WZ`\^ UW_ WS Ê) USUaS`WV`[SUU[aZ`X[^USZYW_ ZUa^^WZUbSaW_SZV\^ UW USZYW_ a^US_ ZY [cW^ S^ `Ê`W\^ ZU \W`S`WUSZYW^S`W_S^W_W`_[`S``W \^ UW_[X_ S^\^[VaU`_ ZV XXW^WZ`U[aZ`^ W_S^WST[a``W_SW ^[VaU` b `ÊWS_a^W[XWU[Z[ UY^[c``S`U[\S^W_[caUS__`W \^[VaUW_c ``W^W_[a^UW_ZWWVWV`[\^[VaUW ` `SZVS^V[XbZY\^[bW_[Z`^[aYZU^WS_W_Z\^[VaU`b`WSY^[c`Z ^WXWU`_Y^[c`Z\^[VaU`b` c[XSU`[^_`S`USZW\[^ ZVW^`WY^[c`[XSZWU[Z[ U__`WS^W' ŵ SSZUW[X^SVW'`W`[`S[XSU[aZ`^_W\[^`_ _SW_`[[`W^U[aZ`^ W_# Za_ `_ \[^`_ \a^US_W_X^[[`W^U[aZ`^ W_# 1 \[_`bWTSSZUW[X`^SVW^W_a`_cWZSU[aZ`^W\[^`_[^W`SZ ` \[^`_\[_ ` bWTSSZUW[X`^SVWW\_WU[Z[ UY^[c` 11 ZWYS`bWTSSZUW[X`^SVW `^SVWVWXU`#^W_a`_cWZSU[aZ`^ \[^`_[^W`SZ `W\[^`_ZWYS` bWTSSZUW[X`^SVW^WVaUW_ WU[Z[ UY^[c` O ^WV `[^ZS` [ZÊcWZSZS` [ZS_\[_ ` bWTSSZUW[X`^SVW O WT`[^ZS` [ZÊcWZSZS` [ZS__\WZ`[^W[ZW[Z \[^`_ `SZ `^WUW bWVX[^W\[^`_ Ŷ S`[ZSWT`' _`WS[aZ`[X[ZW`S``WY[bW^ZWZ`[cW_ `_ U^WV `[^_ aVYW`VWX U `_Ê`W^W_a`[XY[bW^ZWZ`_\WZV ZY[^W Z[ZWWS^`SZ ` `S&W_ ZVa^ ZY`S`WS^ `ST `ÊU[ZV ` [Z ZSZWU[Z[ U__`W Zc U`WS[aZ`[X[ZWSbS STW SZV`W]aSZ` `[XY[[V_SZV_W^b UW\^[VaUWVS^WY^[c ZYS`ST[a``W_SW^S`W ZXS` [ZÊ[UUa^^WZUW[Xc VW_\^WSV\^ UW ZU^WS_W_`^[aY[a`SZWU[Z[ U __`W 1ZXS` [Z[UUa^_cWZ`WS[aZ`[X[ZW Z`^[VaUWV Z`[SZWU[Z[WUWWV_`W ZU^WS_W ZSU`aS[a`\a`!SZV` _`^WS`WZ__`ST `1ZXS` [ZUSZTWS^Xa`[`W U[Z_aW^TWUSa_WZXS`[ZVWU^WS_W_`W\a^US_ZY\[cW^[X[a^[ZW [Z_aW^ ^ UWZVW ÊWS_a^W[X`W\^ UW_[X`\ US\^[VaU`_\a^US_WV TU[Z_aW^ b ZY Za^TSZS^WS_ WXS` [ZÊS\W
More Less

Related notes for MGTA01H3

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.