OrgMant Chapter 2

This refers to the factors or elements affecting a business organization.

• Environmental Scanning

• Business Environment

• Environmental Forces

• Economic Environment

This includes the factors and elements outside the organization which may affect its performance.

• Internal Business Environment

• External Business Environment

• General Business Environment

• Specific Business Environment

This includes customer's changing values and preferences.

• Economic

• Sociocultural situations

• Politico-legal situations

• Technological

Inflation, rates of interest, changing options in stock markets and people's spending habits are some examples of factors of __________

• Economic situations

• Sociocultural situations

• Politico-legal situations

• Ecological situations

This refers to the national and local laws, international laws, and rules and regulations that influence organizational management.

• Economic situations

• Sociocultural situations

• Politico-legal situations

• Ecological situations

Gender, age, education level, income, number of family and geographic origin are factors of ________________

• Economic situations

• Demographic situations

• Technological situations

• Ecological situations

The use of varied types of electronic gadgets like computers, robotics, microprocessors, etc.

• Economic situations

• Demographic situations

• Technological situations

• Ecological situations

This is related to the increasing number of global competitors and markets, as well as the nature and conditions of the changing natural environment.

• Economic situations

• Demographic situations

• Technological situations

• World and Ecological situations

These are parties likely to be affected by the activities of the organization.

• Stakeholders

• Customers

• Suppliers

• Pressure groups

They ensure the organization's continuous flow of needed and reasonably priced inputs or materials required for producing their goods and rendering their services.

• Stakeholders

• Customers

• Suppliers

• Pressure groups