BMGT 364 Session 3 - Organizational Environment

BMGT 364 Session 3 - Organizational Environment - ©...

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Unformatted text preview: © Copyright 2012 Organizational Environments BMGT 364: Management and Organizational Theory Spring 2012; Session 3 Dr. Karen Wouters Department of Management & Organization © Copyright 2012 Components of organizational environments How do the different components impact management practice? Why do good companies go bad? Agenda © Copyright 2012 External Environment © Copyright 2012 © Copyright 2012 Components of Macroenvironment Components Related to… Sociocultural Component Demographics & behavior/attitudes and beliefs of your workforce, customers and general public Political/Legal Component Laws & regulations Political Influences Economic component State of national/international economy Technological Knowledge, tools and techniques © Copyright 2012 The Changing Environment Components Related to… Sociocultural • Workforce is older, more culturally diverse, increasingly female • New social contract (shorter-term relationships of convenience and mutual benefit versus life time employment) • Customers as prosumers • Social issues shape attitudes toward your company and its values Political/Legal • Politicization of management • Increased personal legal accountability (Sarbanes-Oxley Act) © Copyright 2012 The Changing Environment Components Related to… Economic • Continuous up-and-down movement of an economy • Globalization: A post-American world? Is the “Golden Age” of America coming to an end? Technological • Increased importance of knowledge and ideas; emphasis on innovation and creativity • “Wikinomics” (1) ; mass collaboration across organizational boundaries • “The World is Flat” (2) : A web-enabled playing field that allows for multiple forms of collaboration http://www.youtube.com/watch?v=SiUJ2hfEp78 (1) Tapscott & Williams. “Wikinomics”; (2) Friedman, T.L. “The World is flat: A brief history of the 21 st Century”....
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This note was uploaded on 03/06/2012 for the course BMGT 364 taught by Professor Wellman during the Spring '08 term at Maryland.

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BMGT 364 Session 3 - Organizational Environment - ©...

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