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Questions and Answers
What are global organizations characterized by?
What are global organizations characterized by?
The global environment only presents opportunities to organizations.
The global environment only presents opportunities to organizations.
False
What is the primary impact of the task environment on an organization?
What is the primary impact of the task environment on an organization?
It affects an organization’s ability to obtain inputs and dispose of outputs.
____ refers to the purchase or production of inputs or final products from overseas suppliers to lower costs.
____ refers to the purchase or production of inputs or final products from overseas suppliers to lower costs.
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Match the following environmental categories with their definitions:
Match the following environmental categories with their definitions:
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Which of the following is considered part of the general environment?
Which of the following is considered part of the general environment?
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Understanding an organization’s main customers is crucial for managerial success.
Understanding an organization’s main customers is crucial for managerial success.
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What is the role of suppliers within the task environment?
What is the role of suppliers within the task environment?
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What term describes organizations that could potentially enter an industry but are not currently competing in it?
What term describes organizations that could potentially enter an industry but are not currently competing in it?
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Barriers to entry are only related to government regulations.
Barriers to entry are only related to government regulations.
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What is one example of an economic force that can influence an organization's environment?
What is one example of an economic force that can influence an organization's environment?
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A _____ is a tax that government imposes on imported or exported goods.
A _____ is a tax that government imposes on imported or exported goods.
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Match the following terms with their definitions:
Match the following terms with their definitions:
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Which of the following is considered a technological force in the general environment?
Which of the following is considered a technological force in the general environment?
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Brand loyalty can create a barrier to entry for new competitors.
Brand loyalty can create a barrier to entry for new competitors.
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What is the main threat posed by competitors in the task environment?
What is the main threat posed by competitors in the task environment?
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Study Notes
Global Organizations
- Organizations operate and compete both domestically and globally.
- This creates an uncertain and unpredictable environment.
What Is the Global Environment?
- A set of forces and conditions outside an organization's boundaries that shape its behavior.
- These affect how the organization operates.
- These factors change over time, presenting opportunities and threats.
Forces in the Global Environment
- The general environment affects the entire company, comprising economic, technological, sociocultural, demographic, political, and legal forces.
- The task environment more directly affects the company through forces like suppliers, customers, and competitors.
- Global outsourcing involves producing inputs or final goods from overseas suppliers to reduce costs and improve quality/design. This is a part of the task environment.
The Task Environment
- Suppliers provide input resources for goods and services.
- Customers purchase the goods and services.
- Competitors produce similar products or services.
- Barriers to entry are factors that make it difficult and expensive for new organizations to enter a particular market. These include economies of scale and brand loyalty from existing companies.
The General Environment
- Economic forces: Interest rates, inflation, unemployment, economic growth, affecting nations or regions.
- Technological forces: Skills, equipment managers use to produce and distribute goods/services. Technological advancements affect how companies design, produce, and distribute products.
- Sociocultural forces: Pressures from society's structure and national culture.
Declining Barriers to Trade and Investment
- Tariffs: Taxes on imported or (sometimes) exported goods, intended to protect domestic businesses and jobs from foreign competition.
Rise of Free Trade
- Free trade doctrine: The idea that countries specializing in producing goods and services they efficiently make, maximizes global resources and lowers prices.
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Description
This quiz explores the dynamics of global organizations and the external forces that shape their operations. It covers the general and task environments, including economic, technological, and competitive factors. Understand how these elements influence decision-making in a global context.
