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Management Chapter 3
n/a
27
Management
Undergraduate 2
01/27/2015

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Term
Managers must understand the organization's environment in order to
-plan
-control
-lead
-organize
Definition
Plan
Term
Suppliers are a component of the organization's
-economic dimension
-task environment
-general environment
-culture
Definition
Task environment
Term
The use of robotics in the manufacture of cars is an example of change in the ________ dimension
-economic
-sociocultural
-politcal-legal
-technological
Definition
Technological
Term
Shifts in consumer’s tastes and values are reflected in the ________ dimension
-economic
-sociocultural
-politcal-legal
-technological
Definition
Sociocultural
Term
A firm's competitive strategies will be more restricted during
-periods of pro-business sentiment
-periods of technological advancement
-periods of anti-business sentiment
-periods of changing consumer tastes
Definition
Periods of anti-business sentiment
Term
The most abstract part of the environment is the ________ environment
-general
-internal
-task
-external
Definition
General
Term
The set of values, beliefs, behaviors, and attitudes that help people understand what an organization considers important is
-competitors
-culture
-suppliers
-customers
Definition
Culture
Term
The practice of learning from one's competitors is known as
-corporate espionage
-market research
-organization culture
-strategic allies
Definition
Strategic allies
Term
________ often uses the media to exert influence on organizations
-regulator agencies
-strategic allies
-interest groups
-owners
Definition
Interest groups
Term
McDonald's uses many strategic partners because
-they are trying to uncover trade secrets of their competitors
-they are required to use them by the FTC
-they are trying to minimize the risk of new ventures
-they are too dependent on their suppliers
Definition
they are trying to minimize the risk of new ventures
Term
Corporate pension funds are important __________ of organizations
-owners
-regulators
-suppliers
-interest groups
Definition
Owners
Term
The degree to which an environment is classified as relatively simple or complex determines the environment's
-degree of homogeneity
-degree of change
-degree of uncertainty
-competitive force
Definition
Degree of homogeneity
Term
An environment that experiences a high degree of change is
-hostile
-dynamic
-stable
-simple
Definition
Dynamic
Term
Firms operating in simple environments
-deal with a multitude of suppliers, regulators, and competitors
-cater to fashion-induced changes
-produce a limited product line
-do not focus on a narrow target market
Definition
Produce a limited product line
Term
Intense price wars are associated with
-strategic alliances
-environmental turbulence
-product substitution
-competitive rivalry
Definition
Competitive rivalry
Term
Determinants of an organization culture would LEAST likely include
-the organizations founder
-organizational symbols and stories
-shared experiences of employees
-top managements political party
Definition
Top management's political party
Term
Cutting back within a shrinking market is an example of
-organizational flexibility
-a strategic response
-competitive rivalry
-information management
Definition
A strategic response
Term
________ is especially important when forming an initial understanding of the environment and monitoring the environment for signs of change
-information management
-strategic responses
-organizational design
-direct influence
Definition
Information management
Term
Long-term contracts at fixed prices with suppliers is a means of
-lobbying
-entering a new market
-directly influencing the environment
Definition
Directly influencing the environment
Term
Effectively acquiring the resources needed from the environment is a consideration in the ________ approach to organization
effectiveness
-internal processes
-system resources
-strategic constituents
-goal satisfaction
Definition
System resources
Term
Which external environment should Goldman Sachs focus on
Definition
Task and internal environment
Term
What element of the task environment should Goldman Sachs focus on the most? Least?
Definition
Most: regulators and
Least:
Term
The specific external organizations and groups that influence an organization are collectively known as its _______ environment
Definition
Task
Term
Francine works at a restaurant known for its extra large portions of deep-fried foods. Sales in the past have been good but recently dropped dramatically as consumers indicated a preference for healthier meals. Which dimension of the general environment has changed
Definition
Sociocultural
Term
Which of the following actions is more likely to be taken by an interest group than by a regulatory agency
Definition
Pressuring an industry to put warning labels on certain products
Term
One major way to change an organizations culture is to ____________
Definition
Bring outsiders into more important management positions
Term
As CEO, Diane ensures that her managers conduct smooth and efficient operations and maintain the satisfaction and morale of employees. Which model of organizational effectiveness does Diane follow
Definition
Strategic constituencies approach
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