Question 1

Briefly identify the two predictors of future economic activity that are available to managers for decision making. Specify which predictor managers typically prefer.

Accepted Answer

The answer of Briefly identify the two predictors of future...

Question 2

Managers should be completely confident in their responses to threats or opportunities.

Accepted Answer

Managers should not be completely confident in their responses to threats or opportunities as the business environment is constantly changing and there may be unforeseen factors that could impact the effectiveness of their response. It is important for managers to constantly assess the situation and be open to adjusting their response accordingly.

Question 3

Typically,managers view environmental events and issues as either weaknesses or opportunities.

Accepted Answer

Managers typically view environmental events and issues as either threats or opportunities, not weaknesses or opportunities. Weaknesses, along with strengths, are generally considered internal factors in a SWOT analysis, while opportunities and threats are external.

Question 4

After the company founders are gone,stories and heroes can help to sustain the founders' values,attitudes,and beliefs in the organizational culture.

Accepted Answer

Stories and heroes serve as symbols and reminders of the founders' values, attitudes, and beliefs, and can help to sustain them in the company's culture even after the founders are no longer present.

Question 5

Because external environments can be dynamic,confusing,and complex,managers use a three-step process to make sense of the changes in their external environments. Those steps are (1)environmental scanning,(2)interpreting environmental factors,and (3)acting on threats and opportunities.

Accepted Answer

This statement accurately describes the three-step process that managers use to make sense of changes in their external environments.

Question 6

Organizational culture refers to the set of key values,beliefs,and attitudes shared by organizational members.

Accepted Answer

Organizational culture is indeed defined as the collective set of values, beliefs, and attitudes held by the members of an organization.

Question 7

Extensive research demonstrates clearly that organizational culture is strongly related to organizational success.

Accepted Answer

There is only preliminary research showing that organizational culture is related to organizational success.

Question 8

Compare and contrast the general environment with the specific environment faced by a company.

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Question 9

Successful organizational cultures seem to be based solely upon consistency,that is,the "strength" of the organizational culture.

Accepted Answer

Successful organizational cultures are based on more than just consistency; they also require adaptability, clear values, and alignment with the organization's goals to truly thrive and support the organization's success.

Question 10

A primary source of organizational culture is the company founder.

Accepted Answer

The company founder sets the initial values, beliefs, and attitudes that shape the culture of the organization. The culture is then sustained and modified by subsequent leaders and employees.

Question 11

Advocacy groups cannot directly regulate organizational practices.

Accepted Answer

Advocacy groups can raise awareness and promote change, but they do not have the legal authority to directly regulate organizational practices. This power belongs to government agencies and regulatory bodies.

Question 12

Managers can make sense of their changing external environments only by completing all three of the following steps: environmental scanning,interpreting environmental factors,and acting on threats and opportunities.

Accepted Answer

This statement is true. Environmental scanning involves gathering information about the external environment, interpreting it involves making sense of that information, and acting on threats and opportunities involves taking appropriate actions based on that understanding. All three steps are necessary for managers to effectively adapt to changing external environments.

Question 13

Technology is the computers and information systems advances that all companies need to keep up with their competitors and customer expectations.

Accepted Answer

Technology encompasses a broad range of tools, techniques, and processes beyond just computers and information systems. It includes any equipment, machinery, or devices that are used to perform specific tasks or functions in various fields, not limited to the needs of companies or competitive business environments.

Question 14

Following the 2016 election of President Trump in the United States,companies began the process of environmental scanning to know how to respond to his election.

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Question 15

Identify and provide examples of the two important ways in which sociocultural changes and trends influence organizations.

Accepted Answer

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Question 16

A company's culture defines the organization's purpose or reason for existing.

Accepted Answer

A company's culture refers to the shared values, practices, and beliefs of the company's employees, not the organization's purpose or reason for existing, which is typically defined by its mission or vision statement.

Question 17

Organizational heroes are used to make sense of organizational events and changes.

Accepted Answer

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Question 18

Briefly define and explain the relationship among environmental change,complexity,uncertainty,and resource scarcity.

Accepted Answer

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Question 19

Sociocultural factors indirectly affect organizational success when entering foreign markets.

Accepted Answer

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Question 20

Briefly differentiate between the external and internal environments that companies face,and explain why these environments are important.

Accepted Answer

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Quiz 2: Organizational Environments and Cultures