Week 3 Recap

What is an example of an artefact in organizational culture?

• The shared values of employees

• The underlying assumptions of leadership

• The open-plan office design

• The strategic vision of the company

The Bargaining Power of Buyers is likely to be high when:

• There are few buyers and many sellers

• Buyers face high switching costs costs for buyers

• Buyers are purchasing small quantities

• Buyers are dependent on a single supplier

A PESTEL analysis helps an organization identify:

• Its strengths and weaknesses

• External macro-environmental factors that could impact the business

• Key competitors and their strategies

• The organization’s internal culture and values

Threat of new entrants in Porter’s Five Forces increases when:

• There are high capital requirements to start a business

• Access to distribution channels is difficult

• Industry regulations are minimal

Which of the following would be considered an underlying assumption in organizational culture?

• The company’s formal code of ethics

• The unspoken rule that employees should always work overtime

• The use of technology in production processes

• The organization’s dress code

In the PESTEL analysis, which factor represents social elements?

• Changes in government regulations

• Technological advancements

• Population demographics and lifestyle changes

• Environmental concerns and climate change

Uber’s entry into the global market is an example of which of Porter’s Five Forces disrupting the taxi industry?

• Bargaining power of suppliers

• Threat of new entrants

• Bargaining power of buyers

• Threat of substitutes

In the fast food industry, companies like McDonald’s face competition not only from traditional fast food chains but also from new health-focused restaurants. Which of Porter’s Five Forces does this describe?

• Bargaining power of buyers

• Threat of substitutes

• Bargaining power of suppliers

• Threat of new entrants

In a rapidly changing industry, which PESTEL factor is most likely to challenge traditional business models?

• Economic

• Social

• Legal

• Technological

A weak organizational culture might result in:

• Increased employee retention

• Strong alignment between employee behavior and company values

• Confusion and inconsistency in how employees perform their roles

• Clear communication of company objectives