Flashcards
The External Environment
Cards in this deck (14)
- 1THE EXTERNAL ENVIRONMENTRefers to institutions or forces that are outside the org that con potentially affect the org's performance
- 22 MAJOR LAYERS1. General Environment
2. Task Environment - 3THE GENERAL ENVIRONMENT1. International Dimension
2. Technological Dimension
3. Sociocultural Dimension
4. Econmoic Dimension
5. Legal-Political Dimension
6. Natural Dimension - 4INTERNATIONAL DIMENSIONEvents and opportunities in
foreign countries
(Eg: World Cup) - 5TECHNOLOGICAL DIMENSIONScientific and technological advancements in the industry and society at large
- 6SOCIOCULTURAL DIMENSIONDemographic characteristics, norms, culture, customs & values of the
population where the org operates - 7ECONOMIC DIMENSIONOverall economy health of the country or region in which the org functions
- 8LEGAL - POLITICAL DIMENSIONLocal laws
Political stability/changes
Legislation & Regulations - 9NATURAL DIMENSIONAll elements that occur naturally on Earth,
including plants, animals, natural resources such as air, water, climate - 10THE TASK ENVIRONMENT1. Customers
2. Competitors
3. Suppliers
4. Labour Market - 11CUSTOMERSpeople or org who acquire good and services from the org
- 12COMPETITORSother org that are in the same or similar industry or type of biz that provides good or services to same sets of customers
- 13SUPPLIERSpeople or org that provide raw materials org uses to produce its outputs
- 14LABOUR MARKETcomprises of the people available
for hire by the org