Makahanap ng mga solusyon at sagot sa lahat ng iyong katanungan sa IDNStudy.com. Magtanong ng anumang bagay at makatanggap ng agarang tugon mula sa aming dedikadong komunidad ng mga eksperto.

What are the components of the environment from the point of view of the decision maker? What do they consist of​.

Sagot :

Answer:

Components of the environment from the perspective of a decision maker can be categorized into internal and external factors:

Internal Environment:

  • Organizational Culture: The values, norms, and beliefs that shape behavior and decision-making within the organization.
  • Organizational Structure: The formal framework that defines roles, responsibilities, and relationships.
  • Resources: The assets, facilities, human capital, and financial capabilities of the organization.
  • Policies and Procedures: The rules and guidelines established to guide decision-making and operations.
  • Leadership: The style and effectiveness of the organization's leaders in influencing and guiding decision-making.

External Environment:

  • Economic Factors: Conditions like economic growth, inflation, interest rates, and market dynamics that influence business operations.
  • Technological Factors: Advances in technology, innovations, and trends that affect how organizations operate and compete.
  • Political and Legal Factors: Government policies, regulations, laws, and political stability that shape the business environment.
  • Social and Cultural Factors: Demographic changes, societal values, cultural norms, and consumer trends that impact consumer behavior and market demands.
  • Competitive Environment: The actions and strategies of competitors, along with industry forces, that influence decision-making.
  • Natural and Environmental Factors: Environmental issues, natural disasters, climate change, and sustainability concerns that affect decision-making.

Understanding and considering these internal and external environmental components is crucial for decision makers to make informed choices aligned with organizational goals and adapt to the changing business landscape.