CHAPTER 3

CHAPTER 3 - Chapter 3 Organizational Environments and...

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1 B-books, Ltd. MGMT Chuck Williams Chapter 3 Organizational Environments and Cultures
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2 External Environments After reading the next four sections, you should be able to: 1. discuss how changing environments affect organizations. 2. describe the four components of the general environment. 3. explain the five components of the specific environment 4. describe the process that companies use to make sense of their changing environments.
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3 Changing Environments Environmental Change Environmental Complexity Resource Scarcity Uncertainty Environmental Change Environmental Complexity Resource Scarcity Uncertainty Characteristics of Changing External Environments 1 1
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4 Beyond the Book Jones Apparel Considering Sale of Barney’s New York. Jones Apparel’s stock has stagnated amid market decline. Jones’ CEO may attempt to sell Barney’s New York to boost Jones’ financial situation. The sale could leave many of Jones’ other labels financially vulnerable. Source: Dodes, R. and Lublin, J.S. “Will Bonaparth Meet His Waterloo?” The Wall Street Journal . April 30, 2007. pg.B1.
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5 Environmental Change Environmental Change is the rate at which a company’s environments change stable environments dynamic environments Punctuated equilibrium theory Companies cycle through stable and dynamic environments. 1.1 1.1
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6 Environmental Complexity and Resource Scarcity Environmental Complexity: the number of external factors in the environment that affect organizations Simple environments Complex environments 1.2 1.2
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7 Resource Scarcity Resource Scarcity The degree to which an organization’s external environment has an abundance or scarcity of critical organizational resources 1.3 1.3
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8 Natural Resources There is general concern over the scarcity of natural resources. Companies like Weyerhauser work extra hard to correct the misperception that they are "using up" valuable resources. In fact, through careful planning and good management, Weyerhauser is able to both guarantee its lumber resources and be a good environmental steward.
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9 Uncertainty 1.4 1.4
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10 External Environment 2 2
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11 Components of the General Environment Economy Technological trends Sociocultural trends Political / Legal trends 2 2
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12 Economy Growing vs. shrinking economies Predicting future economic activity Business confidence indices 2.1 2.1
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13 Technological Component Information Information
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CHAPTER 3 - Chapter 3 Organizational Environments and...

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