1. MACRO ENV COMPETITIVE ENV ENV ANALYSIS ENV RESPONSE CULTURAL ENV 10 pt
Eleanor M. Savko
MACRO
ENV
COMPETITIVE
ENV
ENV
ANALYSIS
10/28/2019
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RESPONSE
CULTURAL
ENV
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2. Things outside of the firm’s boundaries

3. What is the external environment?

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

5. What is the macro-environment?

6. Demographics

7. What are measures of the characteristics that comprise a group?

8. OSHA, ICC, FAA, EEOC, NLRB, EPA

9. What are regulatory agencies?

10. BP, Union Carbide

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

12. Harvard professor who created the model for competitive environment

13. Who is Michael Porter?

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

15. What are the elements of the 5-Forces Model?

16. Name for things that keep you from competing in a market

17. What are barriers to entry?

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

19. What are examples of substitutes?

20. Switching costs

21. What are costs incurred when changing suppliers/products?

22. A narrative that describes a set of future conditions

23. What is a scenario?

24. Method for predicting what will happen in the future.

25. What is forecasting?

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

27. What is benchmarking?

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

29. What are complexity and dynamism?

30. Lack of information needed to predict the future

31. What is environmental uncertainty?

32. Diversification

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

34. Getting rid of an unprofitable business

35. What is divestiture?

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

37. What are “merger” and “acquisition?

38. Of prospectors and defenders, companies that protect their turf

39. What are defenders?

40. Companies that make their own future use ______ strategies

41. What is independent?

42. A description of the purpose of an organization’s existence

43. What is a mission statement?

44. Group, adhocracy, hierarchy, and rational?

45. What are 4 types of organizational culture?

46. Vision

47. What is a future desired state of an organization?

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

49. What is organization culture?

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

51. What is organization climate?