MANGMT 3000 1st Edition Lecture 8 Outline of Last Lecture Outline of Current Lecture I Stakeholders II Task environment Current Lecture Stakeholders the people whose interests are affected by an organization s activities Internal stakeholders consist of employees owners and board of directors External stakeholders people or groups in the org s external environment that are affect by it Task environment Customers those who pay to use an org s goods or services Competitors people or org s that compete for customers or services Suppliers person or org that provides raw materials services equipment labor or energy to other orgs Distributor person or org that helps another org sell its goods and services to customers Strategic allies describes the relationship of two orgs who join forces to achieve advantages neither can perform as well alone Government regulators regulatory agencies that establish ground rules under which orgs may operate Special interest groups groups whose members try to influence specific issues Economic forces consist of the general economic conditions and trends unemployment inflation interest rates economic growth that may affect an org s performance Technological forces new developments in methods for transforming resources into goods and services 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 Sociocultural forces influences and trends originating in a country s a society s or a culture s human relationships and values that may affect an org Demographic forces influences on an org arising from changes in the characteristics of a population such as age gender or ethnic origin Political legal forces changes in the way politics shape laws and laws shape the opportunities for and threats to an org
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