ADMS 1000 Lecture 1: Chapter 1 ADMS 1000
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12 Feb 2017
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Identify the key internal forces that shape any business. Leadership: how people are managed in an organization. Strategy: the decisions made by business managers about how the company will address political, economic, global, societal, competitive, and technological forces. Labour: one of the five factors of production. Includes all workers in an organization who contribute their talents and strengths to create goods and services. Structure: a deliberately planned network or pattern of relationships that exists among individuals within an organization. It determines things like labour, span of control, and how centralized decision making is. Identify the forces that compose the specific and general environments of organizations. General environment: the environment shared by all organizations in a society, such as the economic and political environments, and technological, societal, competitive and global sources. Specific or task environment: the environment within which a particular organization operates, which is ultimately shaped by the general environment and includes stakeholders, customers, competitors, suppliers and so on.