Business Management - The Management Environment

Factors, forces, situations, and events outside an organization that affect its performance.

Understanding the external environment is crucial for organizations to adapt and thrive.

This includes federal, state, and local laws affecting organizational operations.

Laws that govern international actions and policies, including environmental regulations.

Guidelines and regulations aimed at protecting the environment from business operations.

The process by which businesses or other organizations develop international influence or operate on an international scale.

The economy viewed as an international system of economic activity and relationships among countries.

The patterns and changes in job creation and employment rates in the U.S. economy.

A period during which the rate of production per unit of input decreases, affecting economic growth.

Positions that typically pay below the median wage and often lack benefits or job security.

Jobs where individuals work less than the standard full-time hours, often leading to instability.

The belief that success and prosperity are achievable through hard work and determination in the U.S.

The effects of legislation aimed at providing health care, impacting employer practices and worker types.

Individuals born between 1946 and 1964, significantly impacting various sectors.

Individuals born between 1965 and 1977, known as the "baby bust generation."

Individuals born between 1978 and 1994, children of Baby Boomers, influencing society.

Individuals born between 1995 and 2010, representing a large and diverse population.

Patterns and changes in population characteristics affecting business dynamics.

Age demographics create pressure on health and welfare services.

Gen Z is noted as the most diverse generation in U.S. history.

Gen Z is characterized by its reliance on the internet and mobile devices.

The shared values, principles, traditions, and practices within an organization.

Organizational culture affects how members act and interact.

Culture is perceived through experiences within the organization.

Culture describes behaviors and practices without evaluation.

Culture is a collective experience shared among individuals in an organization.

An organization’s culture often reflects the vision or mission of its founders.

Various aspects can describe the characteristics of an organization's culture.

Organizational culture includes established practices and traditions that persist over time.

A culture that ensures predictability, orderliness, and consistency without needing written rules.

Organizational culture subtly influences managerial behavior and decision-making.

Ready-aim-fire involves extensive planning; ready-fire-aim focuses on action followed by analysis.

A leadership style where the leader holds full power and directives without seeking input.

A leadership style that balances authority with group input and encourages participation.

Founders establish the organization's image and values for employees.

Culture is passed on through stories, rituals, symbols, and language.

Narratives that recount significant events or figures within an organization.

Repetitive activities that reinforce organizational values and goals.

Artifacts such as office layout, dress code, and perks that reflect culture.

Unique acronyms and terms used to describe specific organizational elements.

Culture shapes employee behavior and what is considered acceptable conduct.