Org. Man quiz 4

It involves a company granting another firm the rights to make or sell the former’s products, for a fee.

• Joint Ventures

• Franchising

• Importing

• Licensing

Business pertain to legal regulations, political orientation, government policies ,government bodies that affect or control the operations of a firm

• Political Forces

• Economic Forces

• Sociocultural Forces

• Sociocultural Forces

This affect the firm's environment and exposure to natural risk

• Sociocultural Forces

• Natural Forces

• Economic Forces

• Political Forces

Business must be able to perform better than rival organizations.

• Environmental Complexity

• Environmental Uncertainty

• Competitive advantage

This is the lack of complete information about the current and future environment of the firm.

• ØEnvironmental Uncertainty

• ØEnvironmental Complexity

• ØCompetitive advantage

This are the threats of new entrants.

• Potential Entrants

• Substitutes

• Industry Competitors

• Buyers

This focuses in examining the skills and competencies of employees, capacities of the resources, organizational culture, and team spirit.

• External analysis

• Internal Analysis

• SWOT Analysis

This involves buying foreign-made products and selling them in local markets.

• importing

• Franchising

• Licensing

• Exporting

The greater the number of rival companies existing in the area, the more intense the competition will become.

• Substitutes

• Suppliers

• Potential Entrants

• Industry Competitors

This forces business to do great strides innovation, process improvements, and integrated systems in the manufacturing and service sectors.

• TECHNOLOGICAL FORCES

• Economic Forces

• NATURAL FORCES

• Sociocultural Forces