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Questions and Answers
The external factors may include physical resources, value system, labour unions etc.
The external factors may include physical resources, value system, labour unions etc.
True (A)
Organizational culture is a type of external factor that affects an organization's behavior.
Organizational culture is a type of external factor that affects an organization's behavior.
False (B)
Labour unions can be a source of competitive advantage for an organization.
Labour unions can be a source of competitive advantage for an organization.
False (B)
Physical resources can be a major determinant of an organization's strategy.
Physical resources can be a major determinant of an organization's strategy.
An organization's value system is a reflection of its external environment.
An organization's value system is a reflection of its external environment.
The Experience Curve is a tool used to analyze an organization's internal environment.
The Experience Curve is a tool used to analyze an organization's internal environment.
The Boston Consulting Group is a labour union that developed the Experience Curve.
The Boston Consulting Group is a labour union that developed the Experience Curve.
The Experience Curve is used to determine the value system of an organization.
The Experience Curve is used to determine the value system of an organization.
The Experience Curve is an external factor that affects an organization's behavior.
The Experience Curve is an external factor that affects an organization's behavior.
The Experience Curve was developed by an organization's physical resources.
The Experience Curve was developed by an organization's physical resources.
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.
