Podcast
Questions and Answers
What motivated Georgetown's bookstore to change the display of apparel brands?
What motivated Georgetown's bookstore to change the display of apparel brands?
- New clothing trends
- Increase in clothing sales
- Partnerships with big brands
- Pressure from student activists and public outrage (correct)
What distinguishes Alta Gracia from other apparel brands featured at Georgetown's bookstore?
What distinguishes Alta Gracia from other apparel brands featured at Georgetown's bookstore?
- Lower pricing for garments
- High-quality fabric materials
- Above-average wages and humane working conditions (correct)
- Widespread marketing campaigns
What is the size of the market that Georgetown and the apparel consortium are trying to influence?
What is the size of the market that Georgetown and the apparel consortium are trying to influence?
- $1 billion
- $3 billion
- $4 billion (correct)
- $2 billion
What trend is noted in the management reaction to the ethical clothing movement?
What trend is noted in the management reaction to the ethical clothing movement?
How many schools are part of the nationwide apparel consortium mentioned?
How many schools are part of the nationwide apparel consortium mentioned?
What sentiment did Georgetown graduate Natalie Margolis express regarding marketing practices?
What sentiment did Georgetown graduate Natalie Margolis express regarding marketing practices?
What kind of practices are members of the apparel consortium promoting?
What kind of practices are members of the apparel consortium promoting?
What effect has the apparel consortium been having on large multinational corporations?
What effect has the apparel consortium been having on large multinational corporations?
What is included in the internal environment of an organization?
What is included in the internal environment of an organization?
Why is corporate culture important for an organization?
Why is corporate culture important for an organization?
What role does the external environment play in an organization's operation?
What role does the external environment play in an organization's operation?
What can be concluded about organizations as open systems?
What can be concluded about organizations as open systems?
Which statement reflects the significance of adaptability in an organization?
Which statement reflects the significance of adaptability in an organization?
What is the relationship between the internal environment and the external environment?
What is the relationship between the internal environment and the external environment?
What is a risk associated with electronic rights concerning eBooks?
What is a risk associated with electronic rights concerning eBooks?
What is implied by the statement 'It is the one that is the most adaptable that survives'?
What is implied by the statement 'It is the one that is the most adaptable that survives'?
What is a key aspect of Nike's corporate culture?
What is a key aspect of Nike's corporate culture?
How does Nike's sustainability influence manifest?
How does Nike's sustainability influence manifest?
Which tool does Nike use to monitor environmental impact?
Which tool does Nike use to monitor environmental impact?
What distinguishes Nike from other companies regarding sustainability?
What distinguishes Nike from other companies regarding sustainability?
Which legislation posed a recent challenge in the legal-political dimension for businesses like Nike?
Which legislation posed a recent challenge in the legal-political dimension for businesses like Nike?
What aspect does Nike's Considered Design Index evaluate?
What aspect does Nike's Considered Design Index evaluate?
What is reflected in Nike's commitment to sustainability?
What is reflected in Nike's commitment to sustainability?
What does Nike's corporate culture primarily focus on besides sustainability?
What does Nike's corporate culture primarily focus on besides sustainability?
What components make up an organization's external environment?
What components make up an organization's external environment?
Which of the following is NOT considered part of the task environment?
Which of the following is NOT considered part of the task environment?
How does the general environment influence organizations?
How does the general environment influence organizations?
Which factor is considered part of the general environment?
Which factor is considered part of the general environment?
What role do students and suppliers play in the environment of university bookstores?
What role do students and suppliers play in the environment of university bookstores?
What is an organizational ecosystem?
What is an organizational ecosystem?
Which factor is NOT explicitly mentioned as part of the general environment?
Which factor is NOT explicitly mentioned as part of the general environment?
What effect does a shift in social attitudes have on organizations?
What effect does a shift in social attitudes have on organizations?
What does big data analytics primarily involve?
What does big data analytics primarily involve?
What percentage of Fortune 500 companies reported launching big data initiatives in 2012?
What percentage of Fortune 500 companies reported launching big data initiatives in 2012?
Which sports team manager is associated with the concept of using player statistics to build a winning team?
Which sports team manager is associated with the concept of using player statistics to build a winning team?
What is the purpose of the RightETA service used by some airlines?
What is the purpose of the RightETA service used by some airlines?
How does big data analytics help businesses?
How does big data analytics help businesses?
What type of data do companies like PASSUR Aerospace utilize for their analytics?
What type of data do companies like PASSUR Aerospace utilize for their analytics?
Which book exemplifies the use of data analytics in sports?
Which book exemplifies the use of data analytics in sports?
What is one of the outcomes of utilizing big data analytics in organizations?
What is one of the outcomes of utilizing big data analytics in organizations?
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Study Notes
Student Activism and Ethical Sourcing
- Georgetown University's bookstore prioritized Alta Gracia apparel over popular brands like Nike and Adidas.
- Alta Gracia is a South Carolina company known for paying above-average wages and promoting safe working conditions in its Dominican Republic factory.
- Georgetown is part of a nationwide apparel consortium with 180 schools that pressure brands to adopt ethical and socially responsible practices.
- This movement has put pressure on corporations due to the $4 billion market for apparel branded with university logos.
Organizational Environments: Task and General
- The task environment directly impacts an organization's daily operations and performance. It includes competitors, suppliers, customers, and the labor market.
- The general environment affects organizations indirectly through factors like social trends, economic conditions, legal regulations, and technological advancements.
- These factors don't change daily operations but can have a significant impact on organizations over time.
- An organizational ecosystem is formed by communities of organizations interacting in the environment.
Corporate Culture and Sustainability: The Example of Nike
- Nike has a corporate culture focused on victory and sustainability, emphasizing environmental efforts and ethical practices.
- Their "Considered Design Index" tracks the environmental impact of production processes, from fabric sourcing to waste reduction.
- This change in cultural values reflects a shift in consumer preferences and a growing awareness of ethical sourcing.
The Legal-Political Dimension
- The legal-political environment includes laws, regulations, and political decisions that affect businesses.
- This environment can influence factors like lawsuits, consumer protection, product safety, import/export restrictions, and information labeling.
- The Patient Protection and Affordable Care Act (Obamacare) is an example of a recent change in the legal-political dimension that impacts organizations.
Big Data Analytics
- Big data analytics involves analyzing large datasets to identify patterns, relationships, and insights for improved decision-making.
- 85% of Fortune 500 companies had launched big data initiatives as of 2012.
- The "Moneyball" approach, using data analytics to build a winning sports team, demonstrates its widespread impact.
- Businesses utilize big data analytics for performance improvement. For example, airlines use data to optimize flight arrival times.
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