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Man 220 Chapter 4

Man 220 Chapter 3

QuestionAnswer
General Environment Economic dimension - where the business is located Legal-Political dimension - laws to be aware of to have business run Sociocultural dimension - gender roles, cultural norms Technological dimension - what exists and the tech advances located in different areas (wifi) Natural Environment dimension - looking at the environment and how our environment affects us
Task Environment Those who we interact with Competitors - top three Customers - who you are selling to and what they do/dont like Suppliers - who will help you to be successful Business partners - both parties work together and have success Regulators - overseers and everyone is compliant
Internal Environment Anything physical/intangible in company Owners/Board of Directors Employees and Unions Physical Work Environment Culture
How Organizations respond to environments Task environment - social responsibility - we try to do helpful things strategic response - how can we take over failing business organization/design and flexibility - how we are set up direct influence - lobbying mergers, takeovers, acquisitions, alliances - how to take people over in a graceful way Information management - messaging is clear and has a purpose
Boundary Spanner people whose job is to link the internal networks with external sources of information
Environmental Scanning Scanning general environment and keeping up with major events
Information Systems how you keep track of info throughout the company
Innovation process of putting new ideas into practice
Product Innovation new or improved goods or services ex. ipod-ipod nano-iphone
Process Innovation better ways of doing things ex. IKEA not putting together own furniture - pick up orders
Business model innovations better ways for firms to make money ex Netflix DVD's to streaming
Social business innovations business models to address social problems
Created by: agk236
 

 



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