12 Questions
What is the importance of organizational culture?
It influences the way an organization's members act
What can strong cultures do within an organization?
Substitute for formal rules and regulations
How are strong cultures defined?
Cultures where key values are deeply held and widely shared
What percentage of executives have not identified or communicated an organizational culture?
10%
How do company values affect managers' behavior?
"Ready-aim-fire" approach in decision-making
What aspect of organizational culture can create orderliness and consistency?
Key deeply held and widely shared values
What is the main focus of the external environment affecting managers?
Managing stakeholder relationships
How does the sharing economy concept impact the external environment?
Allows asset owners to share physical assets for a fee
Which generation is NOT mentioned as one of the age cohorts in the text?
Gen A
How do external environment factors affect organizations?
They can influence an organization's performance
In what state is U.S. employment according to the text?
Upward trend
What percentage of adults consider economic inequality as 'not a problem at all' based on the Harris Interactive Poll mentioned?
10 percent
Test your knowledge on external environment factors and economic inequality. Explore how forces, situations, and events outside an organization impact its performance, as well as the current state of the economy including global trade, U.S. employment, and economic inequality.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
