Environment of Organizations

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Flashcards on key vocabulary related to the Environment of Organizations.

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33 Terms

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Environment

All elements that a business operation interacts with when producing goods and services to make a profit.

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Man-made Environment

Elements developed by human beings for meaningful interactions.

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Organization’s Environment

Factors, forces, and institutions beyond an organization's scope that affect it.

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Totality of External Forces

The sum total of all things external to an organization.

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Specific Forces

Forces affecting the day-to-day activities of an organization.

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General Forces

Forces that impact all organizations.

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Dynamic Nature

The characteristic of the environment that it keeps changing

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Uncertainty

The characteristic of the environment that it is largely uncertain and difficult to predict.

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Internal Environment

Elements within an organization that directly impact it and are generally controllable.

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External Environment

Elements outside an organization that are relevant to its operations.

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Direct Action Elements

Elements of the environment that directly influence an organization’s activities.

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Indirect Action Elements

Elements of the external environment that affect the climate but do not directly affect the organization.

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Placid Randomized Environment

Stable and unchanging environment.

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Placid Cluster Environment

Stable environment where resources are concentrated in certain locations.

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Disturbed Reactive Environment

Unstable environment with concentration of resources and ability to meet competitive change.

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Turbulent Environment

Environment where change is rapid, and linkages between organizations are growing.

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Direct Action Elements (Internal)

Forces or conditions or surroundings within the boundary of an organization.

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Owners

Individuals invested in the business with property rights and claims on the organization.

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Board of Directors

Governing body of the business elected by shareholders.

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Management

Arranges facility of production, assembles and organizes resources to achieve goals.

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Employees

Those who perform the tasks of the organization.

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Organizational Culture

Collective behavior of members of an organization, including its values, visions, beliefs, and habits.

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Indirect Action Elements (External)

Factors from the outside that the organization has no control over, generally political, economic, social, and technological (PEST).

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Political Variables

Government laws of business, business-government relations, and the political situation of a country.

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Economic Variables

Overall status of economic situations a business operates in, including inflation, interest rates, and unemployment.

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Social Variables

Customs, moral values, and demographic characteristics of the society.

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Technological Variables

Processes, methods, and equipment for converting resources into goods and services.

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External Stakeholders

Groups or individuals that affect an organization’s activities from its external environment.

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Internal Stakeholders

Groups or individuals that affect an organization’s activities from its internal environment.

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Boundary Spanning

Interacting to gather and disseminate information.

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Stakeholder Partnership

Pursue common goals

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Entrepreneurship

The act of being an entrepreneur.

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Entrepreneur

Someone who organizes, manages, and assumes the risks of organizing and operating a business or enterprise.