MACRO ENV COMPETITIVE ENV ENV ANALYSIS ENV RESPONSE CULTURAL ENV 10 pt

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Presentation transcript:

MACRO ENV COMPETITIVE ENV ENV ANALYSIS ENV RESPONSE CULTURAL ENV 10 pt Eleanor M. Savko MACRO ENV COMPETITIVE ENV ENV ANALYSIS 10/28/2019 ENV RESPONSE CULTURAL ENV 10 pt 10 pt 10 pt 10 pt 10 pt 20 pt 20 pt 20 pt 20 pt 20 pt 30 pt 30 pt 30 pt 30 pt 30 pt 40 pt 40 pt 40 pt 40 pt 40 pt 50 pt 50 pt 50 pt 50 pt 50 pt

Things outside of the firm’s boundaries

What is the external environment?

Includes the economy, technology, laws, demographics, social issues, natal eeccgy

What is the macro-environment?

Demographics

What are measures of the characteristics that comprise a group?

OSHA, ICC, FAA, EEOC, NLRB, EPA

What are regulatory agencies?

BP, Union Carbide

What are companies that are well known for harming the natural environment?

Harvard professor who created the model for competitive environment

Who is Michael Porter?

New entrants, suppliers, customers, rivals, substitutes/complements

What are the elements of the 5-Forces Model?

Name for things that keep you from competing in a market

What are barriers to entry?

Netflix instead of the movies, I-tunes instead of CDs, tablets instead of laptops

What are examples of substitutes?

Switching costs

What are costs incurred when changing suppliers/products?

A narrative that describes a set of future conditions

What is a scenario?

Method for predicting what will happen in the future.

What is forecasting?

Southwest Airlines looking to NASCAR to learn how to turn a plane around faster

What is benchmarking?

Environmental _______ describes a high number of interconnected issues in an industry, and environmental _________describes high rates of change in an industry

What are complexity and dynamism?

Lack of information needed to predict the future

What is environmental uncertainty?

Diversification

What describes firms that make different products in different locations in different businesses?

Getting rid of an unprofitable business

What is divestiture?

________is when equal size companies join together, and _____is when one larger company takes over a smaller company

What are “merger” and “acquisition?

Of prospectors and defenders, companies that protect their turf

What are defenders?

Companies that make their own future use ______ strategies

What is independent?

A description of the purpose of an organization’s existence

What is a mission statement?

Group, adhocracy, hierarchy, and rational?

What are 4 types of organizational culture?

Vision

What is a future desired state of an organization?

The set of important assumptions about the organization and its goals and practices that members of the company share

What is organization culture?

The patterns of attitudes and behavior that shape people’s experience of an organization

What is organization climate?