MGT 3200 Chapter Notes - Chapter 3: Adhocracy, Competitive Intelligence, Bargaining Power
Document Summary
The organizational environment and culture: describe the 5 elements of an organization"s macroenvironment. Social issues: although these elements are out of the direct control of managers, they attempt to influence them in the favor of the organization, explain the 5 components of an organization"s competitive environment. Rivalry with existing competitors: identify and analyze competitors. Bargaining power of suppliers and customers: understand how managers stay on top of changes in the external environment. Environmental uncertainty arises from complexity and dynamism. Complexity refers to the number of issues to which a manager must deal with in his or her industry. Adapt to complexity or dynamism through becoming more or less decentralized or bureaucratic, or adapt at boundaries and core. Attempt to proactively influence their environment through independent actions like competitive aggression or pacification, pr, and voluntary, legal, and political action, cooptation, and coalitions.
