Chapter 3 Part 3 Flashcards Preview

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Flashcards in Chapter 3 Part 3 Deck (10)
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1

Suppliers
Supplier dependence

Supplier Component

2

Companies that provide material, human, financial, and informational resources to other companies

Suppliers

3

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

Supplier dependence

4

Consists of regulations and rules that govern the practices and procedures of specific industries, businesses, and professions

Industry regulation

5

Concerned citizens who band together to try to influence the business practices of specific industries, businesses, and professions

Advocacy groups

6

What are the techniques used by advocacy groups to influence companies?

Public communications
Media advocacy
Web pages
Blogs
Product boycotts

7

What is the process that companies use to make sense of their changing environments?

Environmental scanning
Interpreting environmental factors for cognitive maps

8

Involves searching the environment for important events or issues that might affect an organization

Environmental scanning

9

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

10

Events and trends inside an organization that affect management, employees, and organizational culture

Internal Environment