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Organizational environments and cultures definitions (Connect) Use your knowledge of management terminology to answer the following questions

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Organizational environments and cultures definitions (Connect)

Use your knowledge of management terminology to answer the following questions.

The rate ofenvironmental change  

 influences the speed at which companies and industries evolve.

 

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Explanation:

Environmental change is the rate at which a company’s general and specific environments change.

The real estate industry is a good example of thepunctuated equilibrium theory  

 , because it operated in a very stable environment for a long time and then went through a violent upheaval before reverting back to a more stable environment.

 

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Explanation:

The punctuated equilibrium theory is a theory that companies go through long periods of stability (equilibrium), followed by short periods of dynamic, fundamental change (revolutionary periods), and then a new equilibrium.

A company is operating in acomplex environment  

 when its business is affected by a large number of environmental factors.

 

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Explanation:

A complex environment is an environment with many environmental factors.

When an organization finds it difficult to get the supplies needed to make products, it is operating under conditions ofuncertainty  

 .

 

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Resource scarcity is the abundance or shortage of critical organizational resources in an organization’s external environment.

Comprised of economic, technological, sociocultural, and political factors, thegeneral environment  

 influences all companies, regardless of industry.

 

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Explanation:

The general environment is comprised of the economic, technological, sociocultural, and political trends that indirectly affect all organizations.

When trying to make economic predictions, managers often rely onbusiness confidence indices  

 rather than economic statistics such as gross domestic product (GDP) and personal income (PI).

 

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Explanation:

Business confidence indices show managers’ level of confidence about future business growth.

A company’ssuppliers  

 will provide alternative products or services to the company’s customers.

 

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Competitors are companies in the same industry that sell similar products or services to customers.

Toyota is known for itsrelationship behavior  

 with its suppliers. In fact, Toyota just established a long-term partnership with Kirkwood Community College to train technicians, which will help both Toyota and Kirkwood.

 

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Explanation:

Relationship behavior is the establishment of mutually beneficial, long-term exchanges between buyers and suppliers.

PETA (People for the Ethical Treatment of Animals) is a strongadvocacy group  

 that dramatically reduced the use of animal testing in the cosmetics industry.

 

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Advocacy groups are groups of concerned citizens who band together to try to influence the business practices of specific industries, businesses, and professions.

Nestle?, Cadbury, and Hershey’s have all been affected byproduct boycotts  

 organized by advocacy groups wanting people to stop buying chocolate because cocoa plantations use child labor.

 

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Explanation:

Product boycotts are an advocacy group tactic that involves protesting a company’s actions by persuading consumers not to purchase its product or service.

Managers useenvironmental scanning  

 to find trends and events that might impact their organizations.

 

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Explanation:

Environmental scanning is searching the environment for important events or issues that might affect an organization.

People like Herb Kelleher of Southwest Airlines areemployees  

 who represent the best qualities of the company.

 

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Organizational heroes are people celebrated for their qualities and achievements within an organization.

Amgen’scompany mission  

 , “To serve patients,” may be one of the world’s shortest.

 

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Explanation:

A company mission is a company’s purpose or reason for existing.

By changing thevisible artifacts  

 of a company’s old culture, such as dress codes and office layouts, managers can start to implement a new culture.

 

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Explanation:

Visible signs of an organization’s culture, such as the office design and layout, company dress code, and company benefits and perks, such as stock options, personal parking spaces, or the private company dining room