BUSI 1800 Chapter Notes - Chapter 2: Pest Analysis, Stagflation, Relative Price
5 Feb 2018
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Fa(cid:272)to(cid:396)s (cid:271)eyo(cid:374)d a(cid:374) o(cid:396)ga(cid:374)izatio(cid:374)"s (cid:271)ou(cid:374)da(cid:396)ies that (cid:373)ight affe(cid:272)t it. Organizational boundary what separates an organization from its environment. Pestel: political, economic, socio-demographic, technological, environmental, legal/regulatory. Real growth rates adjusting for inflation and currency fluctuations. Gdp per capita real gdp includes price associated with the volume produced. Purchasing power parity threats to economic stability inflation: deflation, unemployment. Cpi measures changes in the prices of typical products purchased by consumers. Stagflation a period of slow economic growth accompanied by relatively high unemployment. Types of unemployment: frictional, seasonal, cyclical, structural. Fiscal policies are about how the govt collects and spends its revenues. Monetary policies look at the size of a nations monetary supply: high interest rates lead to tight monetary policy, low interest rates lead to easy monetary policy. Product and service technologies: technologies employed for creating products both physical and services for customers, tech transfer getting tech out of a lab and into the market place.
