ADMS 1000 Study Guide - Midterm Guide: Mary Parker Follett, Rosalie Abella, Henri Fayol

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Ethan

Document Summary

Chapter 1: exploring canadian business: a critical approach. The 4 internal forces of an organization are labor, leadership, structure, and strategy. The 6 external forces are economic, political, global, societal, competitive, technological forces. These external and internal forces influence the organizations because these 10 factors can often come in the way of an organization, for example a worker would obviously want to maximize income, whereas businesses would want to maximize their profits. Labor: includes all workers in an organization who contribute their talents and strengths to create goods and services. Economic forces: the economic influences on organizations such as the state of the economy, unemployment, interest rates, and gdp. Competitive forces: the domestic and foreign competitor influences on organizational decisions. Competitors are organizations operating in the same industry and selling similar products and services. Technological forces: environment that exerts influence across industries, playing a central role in how an organization functions, obtains resources, and competes.