Sep 17, 2018 · One of the basic frameworks used to describe how environments affect organizations is ( A ) influence group pressure . B ) environmental change and complexity .
Feb 27, 2019 · illustrates types of general macro environments and forces that are interrelated and affect organizations: sociocultural, technological, economic, government and political, natural disasters, and human-induced problems that affect industries and organizations. For example, economic environmental forces generally include such elements in the economy as exchange …
Sep 12, 2014 · environment. consists of the set of external conditions and forces that have the potential to influence the organization. In the case of Subway, for example, the environment contains its customers, its rivals such as McDonald’s and Kentucky Fried Chicken, social trends such as the shift in society toward healthier eating, political entities such as the U.S. Congress, …
The big picture of an organization’s external environment, also referred to as the general environment, is an inclusive concept that involves all outside factors and influences that impact the operation of a business that an organization must respond or react to in order to maintain its flow of operations. 4 Exhibit 4.2 illustrates types of general macro environments and forces …
Culture is the foundation of the organization's internal environment.
Task environments are the same from organization to organization because each company functions in the same global environment.
Organizations influence their regulators through lobbying and bargaining.
Diversity is an absolute phenomenon that specifies that a group or organization is or is not diverse.
The board of directors is responsible for acting in the best interest of executives.
When used in the task environment, the term competitor is limited to a firm that competes with another for customers.
Companies operating in only one country have no international dimension.
Define the external environment of organizations. To succeed and thrive, organizations must adapt, exploit, and fit with the forces in their external environments. Organizations are groups of people deliberately formed together to serve a purpose through structured and coordinated goals and plans. As such, organizations operate in different ...
The big picture of an organization’s external environment, also referred to as the general environment, is an inclusive concept that involves all outside factors and influences that impact the operation of a business that an organization must respond or react to in order to maintain its flow of operations. This is a broad definition which has been ...
Other general sociocultural trends occurring in the United States and internationally that affect organizations include the following: (1) Sexual harassment at work in the era of #MeToo has pressured organizations to be more transparent about relationships between owners, bosses, and employees. Related to this trend, some surveys show new difficulties for men in workplace interactions and little effect on women’s career opportunities taking place in the short term.
For example, economic environmental forces generally include such elements in the economy as exchange rates and wages, employment statistics, and related factors such as inflation, recessions, and other shocks—negative and positive. Hiring and unemployment, employee benefits, factors affecting organizational operating costs, revenues, ...
Technological forces are another ubiquitous environmental influence on organizations. Speed, price, service, and quality of products and services are dimensions of organizations’ competitive advantage in this era. Information technologies and social media powered by the Internet and used by sharing-economy companies such as Airbnb and Uber have democratized and increased, if not leveled, competition across several industries, such as taxis, real estate rentals, and hospitality services. Companies across industry sectors cannot survive without using the Internet, social media, and sophisticated software in R&D (research and development), operations, marketing, finance, and sales. To manage and use big data in all these functional areas, organizations rely on technology.
Jeff Bezos’ digital commerce strategy has led the firm to become the leader of retail commerce, and forced traditional retailers like Toys R Us to close their operations, and retailers like Walmart, Target, and Sears to reassess their business environment. Amazon’s digital strategy uses Prime memberships that are supplied and supported by land-based distribution centers; Prime takes in reaching about 60% of the total dollar value of all merchandise sold on the site. (Credit: Sam Churchill/flickr/ Attribution 2.0 Generic (CC BY 2.0))
The environment is the source of resources that the organizations needs. It provides opportunities and threats, and it influences the various strategic decisions that executives must make.
It is useful to break the concept of the environment down into two components. The. general environment (or macroenvironment) includes overall trends and events in society such as social trends, technological trends, demographics, and economic conditions. The. industry (or competitive environment)
There are several reasons for this. First, the environment provides resources that an organization needs in order to create goods and services. In the 17th century, British poet John Donne famously noted that “no man is an island.” Similarly, it is accurate to say that no organization is self-sufficient. As the human body must consume oxygen, food, and water, an organization needs to take in resources such as labor, money, and raw materials from outside its boundaries. Subway, for example, simply would cease to exist without the contributions of the franchisees that operate its stores, the suppliers that provide food and other necessary inputs, and the customers who provide Subway with money through purchasing its products. An organization cannot survive without the support of its environment.
Overall trends and events in society such as social trends, technological trends, demographics, and economic conditions. Multiple organizations that collectively compete with one another by providing similar goods, services, or both. Events and trends that create chances to improve an organization’s performance level.
Environmental conditions also need to be taken into account when examining whether to start doing business in a new country, whether to acquire another company, and whether to launch an innovative product, to name just a few. Key Takeaway. An organization’s environment is a major consideration.
Similarly, it is accurate to say that no organization is self-sufficient. As the human body must consume oxygen, food, and water, an organization needs to take in resources such as labor, money, and raw materials from outside its boundaries.
Index. Define the external environment of organizations. To succeed and thrive, organizations must adapt, exploit, and fit with the forces in their external environments. Organizations are groups of people deliberately formed together to serve a purpose through structured and coordinated goals and plans.
Sociocultural environmental forces include different generations’ values, beliefs, attitudes, customs and traditions, habits, and lifestyles. More specifically, other aspects of societal cultures are education, language, religion, law, politics, and social organizations. The millennial (ages 20 to 35) workforce, for example, generally seeks work that engages and interests them. Members of this generation are also health conscious and eager to learn. Since this and the newer generation (Generation Z) are adept and accustomed to using technology—social media in particular—organizations must be ready and equipped to provide wellness, interesting, and a variety of learning and work experiences to attract and retain new talent. Millennials are also estimated to be the United States’ largest living adult generation in 2019. This generation numbered about 71 million compared with 74 million baby boomers (ages 52 to 70) in 2016. By 2019, an estimated 73 million millennials and 72 million boomers are projected. Because of immigration, millennials are estimated to increase until 2036. 9
Natural disaster and human induced environmental problems are events such as high-impact hurricanes, extreme temperatures and the rise in CO2 emissions as well as ‘man-made’ environmental disasters such as water and food crises; biodiversity loss and ecosystem collapse; large-scale involuntary migration are a force that affects organizations. The 2018 Global Risks Report identified risks in the environmental category that also affect industries and companies—as well as continents and countries. These risks were ranked higher than average for both likelihood and impact over a 10-year horizon. The report showed that 2017 was characterized by high-impact hurricanes, extreme temperatures, and the first rise in carbon dioxide emissions in four years; “man-made” environmental disasters; water and food crises; biodiversity loss and ecosystem collapse; and large-scale involuntary migration to name a few. Authors of this study noted that “Biodiversity is being lost at mass-extinction rates, agricultural systems are under strain and pollution of the air and sea has become an increasingly pressing threat to human health.” 15 Most vulnerable to rising seas are low-lying islands in the Indian and Pacific Oceans. The Republic of the Marshall Islands has more over 1,100 low-lying islands on 29 atolls that include island nations with hundreds of thousands of people. Predictions indicate that rising sea levels could reach 3 feet worldwide by 2300 or sooner. One report stated that in your child’s lifetime, Miami, Florida, could be underwater. 16 Large sections of Louisiana’s marshes separating the ocean from the coastline are submerging. Oil producers and other related corporations are being sued by that state, claiming that fossil fuel emissions have contributed to natural disasters such as climate change. Many new companies in the United States are already constructing buildings to withstand increasing flooding and predicted rising water levels.
Technological forces are another ubiquitous environmental influence on organizations. Speed, price, service, and quality of products and services are dimensions of organizations’ competitive advantage in this era. Information technologies and social media powered by the Internet and used by sharing-economy companies such as Airbnb and Uber have democratized and increased, if not leveled, competition across several industries, such as taxis, real estate rentals, and hospitality services. Companies across industry sectors cannot survive without using the Internet, social media, and sophisticated software in R&D (research and development), operations, marketing, finance, and sales. To manage and use big data in all these functional areas, organizations rely on technology.
Exhibit 4.3 Bezos Jeff Bezos’ digital commerce strategy has led the firm to become the leader of retail commerce, and forced traditional retailers like Toys R Us to close their operations, and retailers like Walmart, Target, and Sears to reassess their business environment. Amazon’s digital strategy uses Prime memberships that are supplied and supported by land-based distribution centers; Prime takes in reaching about 60% of the total dollar value of all merchandise sold on the site. (Credit: Sam Churchill/flickr/ Attribution 2.0 Generic (CC BY 2.0))
visible signs of an organization’s culture, such as the office design and layout, company dress code, and company benefits and perks, like stock options, personal parking spaces, or the private company dining room
an advocacy group tactic that involves framing issues as public issues; exposing questionable, exploitative, or unethical practices; and forcing media coverage by buying media time or creating controversy that is likely to receive extensive news coverage
Environmental responsibility initiatives aim at reducing pollution and greenhouse gas emissions, and the sustainable use of natural resources. 2. Human rights responsibility. (e.g., equal pay for equal work) and fair trade practices, and disavowing child labor.
Corporate Development Corporate development is the group at a corporation responsible for strategic decisions to grow and restructure its business, establish strategic partnerships, engage in mergers & acquisitions (M&A), and/or achieve organizational excellence.
Economic responsibility initiatives involve improving the firm’s business operation while participating in sustainable practices – for example, using a new manufacturing process to minimize wastage.
Employee Morale Employee morale is defined as the overall satisfaction, outlook, and feelings of well-being that an employee holds in the workplace. In other
Ethos Water Fund: Raising clean water awareness and providing children with access to clean water
Employees often stay longer and are more committed to their firm knowing that they are working for a business that practices CSR.
Corporate social responsibility (CSR) refers to strategies that companies put into action as part of corporate governance that are designed to ensure the company’s operations are ethical and beneficial for society.
Question 1 of 10 10.0 Points What is the PESTEL framework and what is its purpose? PESTEL (Political, economic, social, technological, legal and environmental) analysis is a framework for marketers. This tool helps to identify all of the various external factors that might affect a business. The goal is to figure out just how the different factors influence business performance. Using these together can ensure your business will succeed or not. Political Factors-this role is place because it helps to determine the location of a corporate headquarters for optimal production or sales areas. Economic- these factors are used to determine the health of an economic region. Things like unemployment, economic growth, and international trade will be looked at for the right economics. Social- this factor can determine the things like demographic regions to see if are reaching the right consumers. Technological – knowing what technologies are out there can be hurtful to your business if not careful and not being able to adapt to those threats can be catastrophic. Embrace the change and be adaptable. Environmental- being cognizant about what your factories are doing, following codes and no violations that could put your business in a negative light.
Organizations are structured differently. Most common structures are divisional, functional, matrix, multinational and project based. How does a company decide which structure is best suited for them? Structural outlines are important to a company and it’s truly based on what type of company or business you are or want to be. For instance the Department of Defense is a Divisional Structure. What makes it a divisional structure? The overarching boss is the secretary of defense, the as it filters down it breaks down into the department of the Air Force, Navy, Marines, and Army. What makes it divisional is because each branch is its separate entity but still reports to the head (DOD). There is a fine structure when It come to the chain of command so there are no questions for who reports to who. However each division works in unison to achieve acommon goal. Again for a company to determine what best suits them they have to figure out what their overallgoal is and how they want it set up.
Question 3 of 1010.0 Points When a firm enters the international markets, explain the two opposing forces they faceWhen a firm enters the international market the two opposing forces are cost reduction and adaption to local markets. These are two opposing forces because when a firm enters the market they either want to reduce cost or they want to increase differentiation to capture a larger part of the market, forcing the two to work against each other. The whole point of gaining ground in an international market is to be cost effective and productive.
The best way to describe a turnaround strategy is having a strategy to go into a failing business and change theminto a profitable business. For example, the show Kitchen nightmares with chef Gordon ramsey. Every week a failing restaurant writes him and begs for help to save their business. He first goes in and access just how bad itis and why the business is failing. Then he sits down with the owner and employee and explains why it’s failing