Exam 2: The External and Internal Environments

Walmart recently engaged Amazon.com in an online price war in an attempt to become the largest Internet retailer in the world. This is an example of __________ on the part of Walmart.

Domain selection, diversification, mergers/acquisitions, and divestiture are all examples of

Organizations are open systems that affect and are affected by their external environments.

Liz, a new manager at Stamford Soft, has been asked to focus on the competitive environment of the organization. Which of these factors is among those on which Liz should focus?

Candace recently stepped into a managerial role at her very bureaucratic organization. The industry had been changing dramatically, and Candace suggested that the management team encourage employees to develop more confidence by sharing power with them in order to create a more flexible, adaptable organization. Here Candace is suggesting the use of __________ with employees.

Creating supplies of excess resources in case of unpredictable needs is called

Which of the following statements about workforce demographics is true?

The set of important assumptions about the organization and its goals and practices that members of the company share is called

A firm's current competition, suppliers, customers, and the threat of new entrants or of substitutes are all elements in the

The external environment includes all relevant forces outside the organization's boundaries.

The spreadsheet that Margarita uses gives her a chance to examine different projections, which is a form of

Firms that develop strategies that do not include technological advances will realize obsolescence and extinction.

Which of the following can be a useful clue about an organization's culture?

A more diverse workforce presents managers with challenges as well as opportunities.

Differentiate between unattractive and attractive competitive environments, using Porter's model of the competitive environment, and give an example for each situation.

The development of new products that may replace sales of existing products is referred to as the threat of

Powerful suppliers can increase a buying organization's profits, especially when the organization must hold prices steady for its customers.

__________ trends regarding how people think and behave have major implications for management of the labor force, corporate social actions, and strategic decisions about products and markets.

The growth of contingent workers in the U.S. labor force due to unpredictable labor demand is an illustration of

The five-by-eight-inch card with one rule on it, "Use good judgment in all situations," that employees at Nordstrom receive as the employee handbook tells the employees a great deal about their company's