Watch the video where we revisit AGN Corp. The situation facing it exemplifies many of the themes you have studied this week. During this week we explored some tools frequently …
Legal factors are often incorporated into political factors because governments create and enforce laws. Legal and political factors Political factors often already cover legal matters such as competition, taxation, employment …
Environmental factors can focus on ecology or the physical environment, and include concerns over the weather, climate change, environmental policies, pressure from environmental activist groups, air and water pollution, and …
Technological factors include production techniques, information and communication resources, production, logistics, marketing, and e-commerce technologies. These affect how an organisation operates, sells its products, interacts with, and gathers intelligence on …
Socio-cultural factors include consumers’ lifestyles, buying habits, education, religion, beliefs, values, demographics, social classes, sexuality and attitudes. These factors determine the suitability of an organisation’s products and services for its …
Economic factors include economic growth, percentage of unemployment, inflation, interest and exchange rates, and commodity (oil, steel, gold, etc) prices. These affect the discretionary income and purchasing power of households …
In a business context, political factors usually relate to laws and regulations created and enforced by national governments and international bodies (such as the United Nations or the European Union). …
A warm welcome to this course which explores company cultures and responses to environmental challenges. Please watch the video above, in which we encounter four organisations: AGN Corp, Mechanical Solutions, …
Congratulations on completing this week of Managing Company Culture Whilst Responding to Environmental Challenges. We hope you have enjoyed this look at organisational culture and environment. This week we have …
PESTLE, also known as PESTEL, is an abbreviation for the Political, Economic, Socio-Cultural, Technological, Legal and Environmental factors. These are factors posing opportunities and threats to an organisation, and within …
Welcome to the second week in Managing Company Culture Whilst Responding to Environmental Challenges. Last week we explored the concept of organisational culture and examined the internal and external environments …
The Chartered Management Institute (CMI) describes a SWOT analysis as: … a tool for analysing the market position of an organisation. It was developed in the 1960s as a result …
Pfeffer and Salancik (1978) devised the resource dependence theory to explain how organisations’ behaviour is affected by the external resources they possess. They propose that firms change, as well as …
Environmental uncertainty refers to, ‘the degree to which future states of the world cannot be anticipated and accurately predicted’ (Pfeffer & Salancik, 1978). Environmental uncertainty is problematic to an organisation …
We will start this section on comparing internal and external environments by exploring environmental influences. The diagram below depicts the different environments in which an organisation operates. Environmental influences on …