Flashcards in Chapter 3 Part 3 Deck (10)
Companies that provide material, human, financial, and informational resources to other companies
Degree to which a company relies on a supplier because of the importance of their product to the company and the difficulty of finding other sources for that product
Consists of regulations and rules that govern the practices and procedures of specific industries, businesses, and professions
Concerned citizens who band together to try to influence the business practices of specific industries, businesses, and professions
What are the techniques used by advocacy groups to influence companies?
What is the process that companies use to make sense of their changing environments?
Interpreting environmental factors for cognitive maps
Involves searching the environment for important events or issues that might affect an organization
Viewed by managers as either threats or opportunities
- Decide how to act on threats and opportunities
- Use cognitive maps to summarize perceived relationships
Interpreting environmental factors