26 May hile Blockbuster has closed hundreds of stores and is likely to file for bankruptcy, Netf
hile Blockbuster has closed hundreds of stores and is likely to file for bankruptcy, Netflix expanded its customer base to over 13 million.
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2. Factors external to the organizations have been primarily the focus of management as a discipline.
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3. The general environment and the task environment are the two layers of an organization’s external environment.
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4. The outer layer, the general environment, is widely dispersed and affects organizations directly.
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5. Customers and competitors are two important sectors of the economic dimension of a firm’s general environment.
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6. Current employees, management, and especially corporate culture are part of an organization’s internal environment.
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7. The international dimension of the external environment represents events originating in foreign countries as well as opportunities for U.S. companies in other countries.
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8. In recent years, the most dramatic change in the international environment is the shift of economic power to Germany and France.
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9. The technological dimension of the external environment includes scientific and technological advancements in a specific industry as well as in society at large.
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10. The sociocultural dimension of the general environment includes societal norms and values.
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11. The international dimension includes scientific and technological advancements in a specific industry as well as in society at large.
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12. According to Spotlight on Skills in Chapter 2, the Chinese concept of guanxi is a supportive, mutually beneficial connection between two people.
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13. According to Spotlight on Skills in Chapter 2, one of the rules of doing business in China is remembering that relationships are short-term.
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14. Economic problems in other parts of the world have a tremendous impact on U.S. companie
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