MGT 201 11th Edition Lecture 4 Outline of Last Lecture I. Describe how environmental forces influence organizations and how organizations can influence their environments II. Distinguish between the macro/external environment and the task/competitive environmentIII. Define elements of an organization’s cultureOutline of Current Lecture IV. Define elements of an organization’s culture V. Discuss how an organization’s culture affects its response to its external environmentCurrent Lecture Technology Technological advances create new products, advanced production techniques, and better ways of managing and communicating As technology evolves, new industries, markets, and competitive niches develop Socio-Cultural & Natural Environment Demographics, cultural, and social values, protecting the natural environment has grownin importance Task Environment Includes customers, competitors, suppliers, and labor market Environmental uncertainty- lack of information needed to understand or predict the future Environmental complexity- number of issues a manager must attend and the interconnectedness of those issues Environmental dynamism- degree of discontinuous change that occurs within an industry Adapting to the Environment Boundary spanning- link and coordinate the organization with external environment, seek: Business intelligence Competitive intelligence Interorganizational partnerships- reduce boundaries and begin collaborating with other organizations These 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. Mergers/Joint ventures- legal combination of operations; legal collaboration for specific projects Organizational culture- set of key assumptions, values, beliefs, understandings, and norms that members of an organization share High Performance Culture Based on solid organizational mission/purpose Share adaptive values that guide decisions and practices Encourage individual employee
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