Stakeholder Analysis in Media and Retail
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Questions and Answers

Where does a TV reality show that produces the same content repeatedly, operating with few rivals but existing in a TV industry with many components, fall on the uncertainty matrix?

  • complex and dynamic
  • complex and stable (correct)
  • simple and dynamic
  • simple and stable

In the context of The Daily Recorder, which option is LEAST likely to be considered a stakeholder?

  • customers buying at newsstands
  • critics claiming all newspapers are biased (correct)
  • subscribers
  • the paperboy

Which of the following is identified as an internal stakeholder for The Daily Recorder?

  • shareholders in The Daily Sun
  • the city council
  • the editor of The Daily Sun
  • The Daily Recorder shareholders (correct)

Which stakeholder group should Starbucks include in discussions about lowering coffee bean prices?

<p>Coffee bean farmers, external stakeholders (A)</p> Signup and view all the answers

What classification does a company operating in a sector with numerous players like retailers and government agencies fall under in the uncertainty matrix?

<p>complex and dynamic (C)</p> Signup and view all the answers

Which statement accurately reflects the relationship between external environmental conditions and employment?

<p>External environmental conditions improve employment during upswings and worsen employment during downturns. (B)</p> Signup and view all the answers

What is a likely long-term effect of the recent economic downturn in the United States?

<p>Many employers are increasingly using flexible work arrangements such as freelancers or part-time workers. (C)</p> Signup and view all the answers

Which trend should managers be prepared for in the future regarding employment?

<p>Many workers will be hired on a freelance basis instead of as permanent employees. (C)</p> Signup and view all the answers

In which type of environment do companies experience the least amount of uncertainty?

<p>Simple and stable (C)</p> Signup and view all the answers

How is environmental uncertainty best defined?

<p>The amount of change and complexity found in an organization’s external environment. (A)</p> Signup and view all the answers

Flashcards

External Environment Impact on Employment

Upswings in the external environment improve employment, while downturns worsen it.

Effect of Economic Downturn

Economic downturns often lead to more flexible work arrangements (e.g., freelancers, temps, part-time) as a permanent change.

Future Employment Trend

Freelancing and temporary work are increasing, replacing permanent employment.

Environmental Uncertainty Categories

Environmental uncertainty is categorized by complexity and dynamism; simple and stable environments have the lowest uncertainty.

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Environmental Uncertainty Definition

Environmental uncertainty is the combination of change and complexity in an organization's external environment.

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Uncertainty Matrix

A tool used in strategic analysis to categorize industries based on their complexity and dynamism.

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Simple and Stable Industry

An industry with few components and little change over time.

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Stakeholder

A person or group that has an interest in or is affected by a company's actions.

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Internal Stakeholder

A stakeholder inside the organization.

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External Stakeholder

A stakeholder outside the organization.

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