Topic 3: Managerial Environment

Which of the following is NOT the examples of external environment?

• Global

• Mission

• Legal

• Demographic

__________ component is concerned with societal and cultural factors such as values, attitudes, trends, traditions, lifestyles, beliefs, tastes, and patterns of behavior.

• Demographic

• Global

• Political

• Sociocultural

The _________ component is concerned with scientific or industrial innovations.

• Technological

• Demographic

• Economic

• International

Which of the following is the external stakeholders?

• Employees

• Managers

• Government

• Business Owners

Internal stakeholders are those who do not directly work with a company but are affected somehow by the actions and outcomes of the business.

• True

• False

The internal environmental consists of mission and organizational culture.

• True

• False

An organizational culture states the unique advantage the firm offers to customers that differentiates it from its competitors.

• True

• False

Weak cultures has a strong connection between shared values and behaviors.

• True

• False

Perception is not something that can be physically touched or seen, but employees perceive it on the basis of what they experience within the organization.

• True

• False

Degree to which management decisions take into account the effects on people in the organization refers to ________________.

• Innovation and Risk-Taking

• Stability

• People orientation

• Outcome orientation