ITM chapter 3 (The organization and corporate culture)

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Last updated 9:54 PM on 10/1/23
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5 Terms

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External environment

Includes all the elements existing outside of the organizational boundries that have the potential to affect the organization. (competitors, resources, technology and economis conditions)

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General environment

Mostly affects organizations indirectly, including social, economic, legal-political, international, natural and technological factors

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task environment

Closer to the organization itself and includes the sectores that conduct day-to-day transactions with the organization and directly influence its basic operations and performance (competitors, labour supply, suppliers and consumers)

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Environment uncertainty

Environment characteristics that influence uncertainty are the number of factors that affect the organization and the extent to which those factors change

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Adapting to the environment

Environment changes may evolve unexpectedly, such as shifting customers tastes for social media sites.