Chapter 2 Flashcards
(5 cards)
0
Q
External environment
A
Factors beyond an organizations boundaries that cannot be controlled
1
Q
What are the organizational boundaries and environments?
A
1) external environment
2) organizational boundaries
2
Q
Organizational boundaries
A
That which separates the organizations from its environment
3
Q
what are the multiple organizational environments?
A
1) economic environment
2) technological environment
3) political-legal environment
4) socio-cultural environment
5) business environment
6) global environment
4
Q
Business cycle
A
The typical pattern of short term ups and downs in an economy (peak, recession, trough and recovery
