GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Name that concept:Every organization operates in a range of environments in which its role may be interpreted differently. These expectations affect planning, decision-making and strategy implementation. Within an organization, values and backgrounds influence what stakeholders focus on and how they work.
A
Strategy
B
Culture
C
Innovation
D
Ethics
Explanation: 

Detailed explanation-1: -Organizational environments are composed of forces or institutions surrounding an organization that affect performance, operations, and resources. It includes all of the elements that exist outside of the organization’s boundaries and have the potential to affect a portion or all of the organization.

Detailed explanation-2: -Environmental strategy is a firm’s long-term orientation about how to manage the environmental practices to gain a good fit with its stakeholders’ expectations. Proactive environmental strategies are those that involve anticipation of future regulations to voluntarily prevent negative environmental impacts.

Detailed explanation-3: -The customer, the distributors, the unions, the competitors, the suppliers and the government form the specific environment.

Detailed explanation-4: -Organizational culture is generally understood as all of a company’s beliefs, values and attitudes, and how these influence the behaviour of its employees. Culture affects how people experience an organization-that is, what it’s like for a customer to buy from a company or a supplier to work with it.

There is 1 question to complete.