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refers to an organization that interacts closely with its environment and is fully aware of what is going on in the environment as well as the changes it experiences.
refers to an organization that interacts closely with its environment and is fully aware of what is going on in the environment as well as the changes it experiences.
open system
efers does not interact with its environment and pays little attention to changes in its surroundings.
efers does not interact with its environment and pays little attention to changes in its surroundings.
closed system
argues that universal theories cannot be applied to organizations because each organization has unique characteristics and is confronted by varied problems or challenges.
argues that universal theories cannot be applied to organizations because each organization has unique characteristics and is confronted by varied problems or challenges.
The contingency theory
highlights consistency in an organization and minimal to no error or defects in production.
highlights consistency in an organization and minimal to no error or defects in production.
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the economic opportunity which is within the reach of the entrepreneur and which will provide him with a desirable value.
the economic opportunity which is within the reach of the entrepreneur and which will provide him with a desirable value.
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two general methods of generating business ideas
two general methods of generating business ideas
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finds business ideas without serious effort,
finds business ideas without serious effort,
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A disadvantage of unanticipated means in idea generation is the difficulty of ascertaining the exact date when the ideas will come pouring in.
A disadvantage of unanticipated means in idea generation is the difficulty of ascertaining the exact date when the ideas will come pouring in.
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