Understanding Organizational Environments and Culture: A Comprehensive Guide

Understanding Organizational Environments and Culture

Key Concepts and Strategies

Direct Investment Strategies

1. What are the three main strategies for direct investment?

Answer: Greenfield venture, Acquisition, Joint Venture

Business Intelligence

2. What approach uses sophisticated software to analyze internal and external data for patterns and trends?

Answer: Business Intelligence

Types of Cultural Culture

3. What are the types of cultural culture?

Answer: Adaptability, Achievement, Involvement, and Consistency

Real-Time Information and Strategic Decision-Making

4. According to Eisenhardt (1989), how does the use of real-time information impact the speed of the strategic decision process?

Answer: The greater the use of real-time information, the greater the speed of the strategic decision process.

Elements of the Organizational General Environment

5. What are the elements of the organizational general environment?

Answer:

• Technological
• Natural
• Sociocultural
• Economic
• Legal-political
• International

Internationalization Strategies

6. What are the four major strategies for internationalization (including exporting, outsourcing, and licensing)?

Answer: Exporting, Outsourcing, Licensing, and Direct Investment

Organizational Storytelling

7. What is a narrative based on true events, frequently repeated and shared among organizational collaborators?

Answer: Story

Analyzing the Task Environment

8. What type of analysis is associated with the organization's task environment?

Answer: Stakeholder Analysis

Organizational Ecosystems

9. What is a system formed by the interaction among organizations in the environment?

Answer: Organizational Ecosystem

Culture Across Organizations and Industries

10. How does culture tend to differ between organizations and within industries?

Answer: Culture tends to differ between organizations but appears similar within industries.

Elements of the Task Environment

11. What are the elements of the organization's task environment?

Answer:

• Customers
• Competitors
• Suppliers
• Labor Markets

Multinational Corporations

12. What are firms with a global mindset and internationalization strategies typically called?

Answer: Multinational Corporations (MNCs)

Elements of the Internal Environment

13. What are the elements of the internal environment?

Answer:

• Collaborators
• Management
• Corporate Culture

Hofstede's Cultural Dimensions

14. According to Hofstede (2011), what are the cultural dimensions?

Answer:

• Power Distance
• Individualism vs. Collectivism
• Masculinity vs. Femininity
• Uncertainty Avoidance
• Long-Term vs. Short-Term Orientation
• Indulgence vs. Restraint

Interdependence in Organizations

15. How is work characterized in organizations?

Answer: Interdependent

Deeply Embedded Values in Corporate Culture

16. What level of corporate culture involves values so deeply embedded that members are no longer consciously aware of them?

Answer: Values and Beliefs

Uncertainty in Environmental Factors

17. What does it mean when managers lack sufficient information to understand and predict environmental needs and changes?

Answer: Uncertainty

Culture as Collective Programming

18. According to Chris Smith (2015), what is culture?

Answer: Collective programming of the human mind