Presentation is loading. Please wait.

Presentation is loading. Please wait.

 The elements of the world constantly change  All outside elements that affect the organization  General environment: Affects organizations indirectly.

Similar presentations


Presentation on theme: " The elements of the world constantly change  All outside elements that affect the organization  General environment: Affects organizations indirectly."— Presentation transcript:

1

2  The elements of the world constantly change  All outside elements that affect the organization  General environment: Affects organizations indirectly  Task environment: Sectors that conduct transactions with the organization  Organizational ecosystem: Formed by the interaction among a community of organizations in the environment  Internal environment: Elements within the organization boundaries 2

3 © 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 3

4  Globalization influences all other aspects of the external environment  New competitors, customers, suppliers  Changes in social, technological, and economic trends  All organizations must compete and think globally  Economic power has shifted to China and India  The global environment is complex and ever- changing 4

5  Massive scientific & technological advancements in a specific industry and society  Massive changes for org. & industries  Drive competition and help innovative companies gain market share  Examples: Internet access, smart phone, laptop, videoconference, etc. 5

6 Demographic characteristics, norms, customs, and values  Connected Generation or Generation C has woven technology into every aspect of life  U.S. population is aging  Growing diversity has implications for business 6

7  Economic health of the country/region  Extended globally with uncertainty  Consumer purchasing power  Unemployment rate  inflation  Interest rates – Discount rate, federal funds rate, prime rate 7

8  Government regulations ; state, local, and federal government agencies  Political activities  Managers must recognize the power of pressure groups (interest groups)  Work to influence companies to behave in a socially responsible way 8

9  Organizations must be sensitive to the environment  Growing importance and pressure  Natural dimension does not have own voice  Environmental groups advocate action/policy  Reduce pollution  Develop renewable energy  Global warming  Sustainable use of scarce resources 9

10 10

11  Customers  Competitors  Suppliers  Labor Market 11

12 12

13  The environment creates uncertainty for managers  Managers must respond and design adaptive organizations  Uncertainty – managers do not have sufficient information about environmental factors to understand and predict environmental needs and changes 13

14 14

15  Boundary-spanning roles – link and coordinate the organization with external environment, seek:  Business intelligence  Competitive intelligence  Interorganizational partnerships – reduce boundaries and begin collaborating with other organizations  M& A (Mergers & Acquisitions) – occurs when two or more organizations combine to become one  Joint ventures – strategic alliance or program by two or more organizations 15

16 16

17 Corporate culture is the set of key values, beliefs, understandings, and norms that members of an organization share  Symbols  Stories  Heroes  Slogans  Ceremonies 17

18 © 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.  Comparative Study b/w Korean Corporate Culture & American Corporate Culture in the Automobile Industry  Impacts of cultural differences on supply chain management (SCM).  SCM is considered a key to success of Hyundai. Is it really true? We want to investigate the real stories. 18

19 19

20 20

21 © 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.  Adaptability C.  autonomy  Adaptability vs. Achievement = flexibility vs. stability  Involvement  Consistency 21

22  Corporate culture  attracting, motivating, and keeping good employees  People (employees) & how they are treated  Increasing the firm value the most  Corporate culture plays a key role in learning and innovate responses to threats from the external environment, challenging new opportunities, or organizational crises 22

23  Bottom-line strategies are successful in the short term  Successful companies balance culture and performance  Culture is the “glue” that holds the organization together  Based on solid organizational mission/purpose  Shared adaptive values that guide decisions and practices  Encourages individual employee ownership of:  Bottom-line results  Organization’s culture 23

24 24

25  Defines and uses signals and symbols to influence corporate culture  Articulate a vision for the organizational culture that employees can believe in  Heeds the day-to-day activities that reinforce the cultural vision  Leaders communicate through words and actions 25


Download ppt " The elements of the world constantly change  All outside elements that affect the organization  General environment: Affects organizations indirectly."

Similar presentations


Ads by Google