Textbook Notes (368,629)
Canada (162,027)
York University (12,867)
ADMS 3930 (13)
Chapter 2

CHAPTER TWO Manament 3930.docx

2 Pages
123 Views
Unlock Document

Department
Administrative Studies
Course
ADMS 3930
Professor
Randy Hoffman
Semester
Winter

Description
CHAPTER TWO Changing Environments External environments: all the events outside a company that have the potential to influence or affect it Environmental change: the rate at which a company’s general and specific environments change, stable (slow) and dynamic (fast) - according to the punctuated equilibrium theory, companies go through long, simple periods of stability, followed by short, complex periods of dynamic, fundamental change, finishing with a return to stability. Environmental Complexity: the number of external factors in the environment that affect organizations, simple environments have fewer factors, where as complex environments have many environmental factors Environmental munificence: the degree to which an organization’s external environment has an abundance or scarcity of critical organizational resources Uncertainty: how well managers can understand or predict the external changes and trends affecting their businesses General Environment - the economy and technological, sociocultural, and political/legal trends that indirectly affect most organizations economy: current state of a country’s economy affects most organizations; growing economy = good business, shrinking economy = bad business technology: knowledge, tools, and techniques used to transform inputs into outputs sociocultural: the demographic characteristics and general behaviour, attitudes, beliefs of people in a particular society political/legal: legislation, regulation, and court decisions that govern and regulate business behaviour Specific Environment - the customer, competitor, supplier, industry regulation, and public pressure group trends that are unique to an industry and that directly affect how a company does business customers: can be monitored in two ways: reactive customer monitoring (identifying and addressing customer trends and proble
More Less

Related notes for ADMS 3930

Log In


OR

Join OneClass

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

Sign up

Join to view


OR

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.


Submit