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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.
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An organization's value system is a reflection of its external environment.
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The Experience Curve is a tool used to analyze an organization's internal environment.
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The Boston Consulting Group is a labour union that developed the Experience Curve.
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The Experience Curve is used to determine the value system of an organization.
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The Experience Curve is an external factor that affects an organization's behavior.
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The Experience Curve was developed by an organization's physical resources.
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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.
