Chapter 3 - Chapter 3 1 Discuss how changing environments...

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Chapter 3 1. Discuss how changing environments affect organizations. A company does not only depend on how they run it but also it depends on the environment around it. First it depends if the environment is stable or dynamic. If the environment is stable then it is easier for the company to be more prosperous as they pretty much know what to expect than they can prepare for the good and the bad. On the other hand if the company’s environment is dynamic, then it is very hard for them to prepare for uncertainty therefore it is harder to keep up with it. What is more, the complexity of the environment is also a big fact of how a change in the environment affects organizations. For instance, if it is a simple environment it is easier to keep informed about it and therefore keep up with it and vice versa if it is a complex environment. Also, the abundance or shortages of the resources used for your product have to do on how you deal with environmental changes. 2. Describe the four components of the general environment. The four components of the general environment are economical, technological, sociocultural, and political/legal. The economical component of the environment is one of the main components that organizations have to deal with, it doesn’t matter what kind of company you have. If the economy is shrinking then it is very hard for a company to grow. The technological
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Chapter 3 - Chapter 3 1 Discuss how changing environments...

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