MGT 201 11th Edition Lecture 3 Outline of Last Lecture I. Expand how understanding the historical influences help managers become more effective todayII. Define the major approaches to management Outline of Current Lecture II. Describe how environmental forces influence organizations and how organizations can influence their environments III. Distinguish between the macro/external environment and the task/competitive environmentIV. Define elements of an organization’s cultureCurrent Lecture External Environment General/Macro Environment Include legal/political, economic, and other fundamental factors that generally affectall organizations Task/Competitive Environment The immediate environment surrounding a firm Internal Environment Includes the elements within the organizations boundaries Legal-Political Regulators include agencies such as: Occupational Safety and Health Administration Interstate Commerce Commission Equal Employment Opportunity Commission National Labor Relations Board The Economy The economic environment dramatically affects managers’ ability to function effectively and influences their strategic choices Unemployment rate Interest rates Consumer purchasing rateThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute. Stock market International Globalization influences all other aspects of the external environment New competitors, customers, suppliers Changes in social, technological, and economic trends All organizations must complete and think
View Full Document
Unlocking...