Professional Documents
Culture Documents
Sociocultural Environment-refers to the norms, customs and values of the general population and its demographic subgroups; influences needs and wants of customers, the expectations of members and owners, and the attitude of competitors and suppliers.
a. b. c. d.
B. Natural Environment composed of all living and nonliving things that have not been created by human technology or human activity. Managers depend on the natural environment to draw organizational inputs and to dispose of organizational outputs.
Obstructionist stance Managers do as little as possible to address environmental problems .Instead, focus on narrowly defined economic priorities. Defensive strategy Managers do only as much as legally required. They put the interest of the shareholders first at the expense of other stakeholders and the environment Market approach Managers show concern for environmental concerns in response to demands or opportunities in the marketplace.
Accommodation or stakeholder approach Managers respond to the environmental concerns of various stakeholder groups, including customers, the local community, business partners, and special-interest groups. Managers desire the need to be socially responsible and desire to make ecological choices that are reasonable in the eyes of society Proactive approach Managers take the initiative and actively seek out opportunities to enhance the natural environment. They go out of their way to learn about the needs of different stakeholder groups, and they are willing to use organizational resources to promote the interests of the community and the environment
C. Political-Legal includes both the prevailing philosophy and objectives of the various levels of government, as well as their ongoing laws and regulations.
D. Economic-Technological refers to how financial resources are used and distributed in a specific country or region as well as refers to the combination of equipment by which the acquisition, design, production and distribution of goods and services are managed.
Multistream view Sustenance economics-management of property and wealth in such a way as to increase the long-term, overall well-being for owners, members and other stakeholders. Emphasizes on community-oriented values, longterm multigenerational concerns and stewardship. Multistream managers are always seeking new technologies, but their interests go beyond merely maximising profitability. Multistream approach favors environmentally friendly technology, new computer software and information systems that facilitate team building and sharing information among team members, technologies that allow for financial rewards to be meaningfully tied to team performance rather than individual performance, office space design and technologies that allow for cross-fertilizations of ideas among different functional areas
Think tank-organization that conducts research to inform and influence areas such as social and public policy, technology and defense. It can provide a valuable service to both organizations and society as a whole, but sometimes they appear to favour the business interests
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Acquisitive economics to refer to the management of property and wealth in such as way that the short term monetary value for owners is maximised.