Podcast
Questions and Answers
Which of the following is NOT part of the external environment affecting an organization's performance?
Which of the following is NOT part of the external environment affecting an organization's performance?
- Competitive (correct)
- Technological
- Sociocultural
- Political/Legal
What does environmental uncertainty refer to?
What does environmental uncertainty refer to?
- The stability of an organization's external factors
- The predictability of an organization's stakeholder relationships
- The degree of change and complexity in an organization's environment (correct)
- The unpredictability of an organization's internal factors
Which demographic group is particularly important in the workplace according to the text?
Which demographic group is particularly important in the workplace according to the text?
- Gen Y (Millennials)
- Baby Boomers (correct)
- Generation X
- Post-Millennials
What are the benefits of good stakeholder relationships mentioned in the text?
What are the benefits of good stakeholder relationships mentioned in the text?
What does the organizational culture of an organization refer to?
What does the organizational culture of an organization refer to?
What characterizes strong organizational cultures?
What characterizes strong organizational cultures?
Which factor contributes to creating an innovative culture within an organization?
Which factor contributes to creating an innovative culture within an organization?
What is the primary managerial activity that involves defining goals, establishing strategy, and developing plans for work activities?
What is the primary managerial activity that involves defining goals, establishing strategy, and developing plans for work activities?
What do formal planning and performance have a positive association with?
What do formal planning and performance have a positive association with?
What do goals in planning refer to as the desired outcomes for individuals, groups, or entire organizations?
What do goals in planning refer to as the desired outcomes for individuals, groups, or entire organizations?
Environmental uncertainty refers to the degree of change and complexity in an organization's environment.
Environmental uncertainty refers to the degree of change and complexity in an organization's environment.
Stakeholders are not affected by an organization's decisions and actions.
Stakeholders are not affected by an organization's decisions and actions.
The economic context is not important for managers to make the best decisions for their organizations.
The economic context is not important for managers to make the best decisions for their organizations.
Each individual has a unique personality, but an organization does not have a personality.
Each individual has a unique personality, but an organization does not have a personality.
Good stakeholder relationships do not lead to improved predictability of environmental changes.
Good stakeholder relationships do not lead to improved predictability of environmental changes.
Organizational culture with widely shared values and consistent messages about what's important is considered a weak culture.
Organizational culture with widely shared values and consistent messages about what's important is considered a weak culture.
In organizations with strong cultures, employees have little identification with the culture.
In organizations with strong cultures, employees have little identification with the culture.
Formal planning is not associated with higher profits and returns on assets.
Formal planning is not associated with higher profits and returns on assets.
Strategic goals are related to the internal financial performance of the organization.
Strategic goals are related to the internal financial performance of the organization.
Sustainability is not typically integrated into the overall culture of many companies.
Sustainability is not typically integrated into the overall culture of many companies.
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Study Notes
Environmental Factors Affecting Organizations
- The economic context is an important external environmental factor affecting an organization's performance.
Environmental Uncertainty
- Environmental uncertainty refers to the degree of change and complexity in an organization's environment.
Demographics in the Workplace
- A particularly important demographic group in the workplace is not specified in the text.
Stakeholder Relationships
- Good stakeholder relationships lead to improved predictability of environmental changes.
Organizational Culture
- Organizational culture refers to the overall personality of an organization.
- A strong organizational culture is characterized by widely shared values and consistent messages about what's important.
Innovative Culture
- Creating an innovative culture within an organization involves encouraging creativity and experimentation.
Planning and Performance
- The primary managerial activity that involves defining goals, establishing strategy, and developing plans for work activities is planning.
- Good planning has a positive association with higher profits and returns on assets.
- Goals in planning refer to the desired outcomes for individuals, groups, or entire organizations.
Sustainability
- Sustainability is typically integrated into the overall culture of many companies.
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