External Factors in Management
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Questions and Answers

The external factors may include physical resources, value system, labour unions etc.

True

Organizational culture is a type of external factor that affects an organization's behavior.

False

Labour unions can be a source of competitive advantage for an organization.

False

Physical resources can be a major determinant of an organization's strategy.

<p>True</p> Signup and view all the answers

An organization's value system is a reflection of its external environment.

<p>False</p> Signup and view all the answers

The Experience Curve is a tool used to analyze an organization's internal environment.

<p>False</p> Signup and view all the answers

The Boston Consulting Group is a labour union that developed the Experience Curve.

<p>False</p> Signup and view all the answers

The Experience Curve is used to determine the value system of an organization.

<p>False</p> Signup and view all the answers

The Experience Curve is an external factor that affects an organization's behavior.

<p>False</p> Signup and view all the answers

The Experience Curve was developed by an organization's physical resources.

<p>False</p> Signup and view all the answers

Study Notes

External Factors

  • External factors that can influence an organization include physical resources, value system, and labour unions.

Experience Curve

  • The Experience Curve was developed by the Boston Consulting Group.

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Description

Identify the external factors that influence management, including physical resources, value systems, and labour unions. Test your knowledge of external factors in management.

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