Class notes BUSI 1011 Management Ch. 4, ISBN: 9781119715061
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Course
BUSI 1011
Institution
Lakehead University (LakeheadU
)
Book
Management
Ch. 4 Environment, Innovation and Sustainability. Covers sociocultural conditions, the external environment, value creation, environment uncertainty, the innovation process, sustainable development, human sustainability
Test Bank For Management, 5th Canadian Edition by John R. Schermerhorn Jr., Daniel G. Bachrach, Barry Wright Chapter 1-18
Solution Manual For Management, 5th Canadian Edition by John R. Schermerhorn Jr., Daniel G. Bachrach, Barry Wright Chapter 1-18
TEST BANK for Management, 5th Canadian Edition John Schermerhorn Jr, Daniel Bachrach & Barry Wright. . (Complete Chapters 1-18)
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Introduction to Management
BUSI 1011
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Management
Environment, Innovation and Sustainability
Ch. 4
The general environment of the organization including:
Sociocultural conditions
↳ Diversity issues relating to educational opportunity, access to technology, housing/job
options
↳ Norms, human rights, demographics, and social values
↳ Generational cohorts - people born within a few years of one another and who experience
somewhat similar life events during the formative years
, The External Environment
Technological Conditions
↳ Social media, features and “apps” on smart devices
↳ Bring both opportunities and problems
↳ Social networking and technological dependency
Natural environment conditions
↳ Nuclear plant failure, oil spill, hurricane
↳ “carbon neutral,” “green,” “sustainable”
↳ Protecting natural resources and preserving them for future generations
The specific task environment - actual organizations, groups, and persons with whom an
organization interacts and conducts business. Includes stakeholders as:
Multiple Stakeholders in the Environment of an Organization
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