MGT-281 Chapter Notes - Chapter 2: Resource Depletion, Wield, North American Free Trade Agreement
Document Summary
Identify and discuss each major dimension of the general environment and the task environment: a general environment is the set of broad dimensions and forces in an organization"s surroundings that determines its overall context. The impact is often vague, imprecise, and most organizations focus on task environment. i. The following are the three dimensions of a general environment: the economic dimension is the overall health and vitality of the economic system in which the organization operates. Important economic factors include general economic growth, inflation, interest rates, and unemployment: the technological dimension is the methods available for converting resources into products or services. The forms and availability of technology come from the general environment. Computer-assisted manufacturing resulted in decreased warehouse needs, higher-quality tube fittings, lower labor costs, and time saving: the political-legal dimension is the government regulation of business and the relationship between business and government. It provides more useful information than the general environment. i.
