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Choose the correct labels for the A, B, and C positions in the following diagram
Choose the correct labels for the A, B, and C positions in the following diagram.
Components of General Environment
Components of Specific Environment
Components of Internal Environment
( C Employees, Culture)
Inputs Transformation Outputs Feedback from Environments - Suppliers Advocacy Groups Political/Legal Trends Economy B Competitors Customers Sociocultural Trends A. Technical Trends B. Management Industry Regulation
Expert Solution
Answer:
A : Specific environment : The specific environment of each organization is unique and changes with conditions. Examples : customers, competitors, suppliers, industry regulation, and advocacy groups.
Hence the answer is "technical trends".
B : General environment : The general environment is composed of dimensions in the broader society that influence an industry and the firms within it. Examples: political, economic, social, technical or technological, environmental, and legal.
Hence the answer is "industry regulations".
C : Internal environment : Organization's internal environment is composed of the elements within the organization, including current employees, management, and especially corporate culture, which defines employee behavior.
Hence the answer is "Management".
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