Organizational Dymanics

The video tutorial discusses organizational dynamics, focusing on the internal and external environments of a firm. The internal environment includes the organization's goals, values, resources, capabilities, structure, and systems. The external environment consists of economic, political, legal, social, competitive, customer, and supplier factors, all of which are stakeholders to some extent. The dynamics between these environments depend on the organization's mission, vision, and values, ultimately aiming to deliver value to stakeholders. The focus on internal versus external factors is a key aspect of organizational dynamics.

What is the significance of an organization's mission and values in shaping its dynamics?

Define organizational dynamics in the context of internal and external focus.