business notes - The Organizational Environment Set of...

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Set of forces that affect the way thr organization operaes and engages in planning and organizing Forces change due to: - opportunities: new technologies, new markets - Threats: economic downturns Managers must seek opportunities and avoid threats. Has internal and external forces Why analyze? - organizations operate in an open system - largely deal with external forces that are uncontrollable Sociocultural Technological Competitors Customers Suppliers Economic Political- legal Strategic Labour Partners Regulators Global The General Environment Sociocultural forces: - Demographics: increase in number of working women - Attitudes and values - Increasing Urbanization - Education Technological Forces: Changes in skills and equipment for use to design, produce, and distribute goods and services. - From rotary telephones to teleconferencing Economic Forces: General well being of a nation - Interest rate: Price of borrowing money - Unemployment rate: % of people not working but who are looking for work - Dollar strength: Low dollar. ..good or bad? - Market demand: economic and behavioural
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business notes - The Organizational Environment Set of...

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