Princples of Management

In: Business and Management

Submitted By ibrahimk04
Words 1220
Pages 5
* The Organization and It's Environments:
In order to achieve an organization goal it must understand the basic elements of its environment to properly maneuver among them. Specially, a key element in the effective management of an organization is determining the ideal alignment between the environment and the organization and then working to achieve and maintain that alignment.

There can be two types of environment in an organization. These are –

1. External Environment 2. Internal Environment

1. External Environment: An external environment consists of two parts. It is everything outside of the organization boundaries that might affect it. It has two part which are given below –

a. General Environment: General environment is the set of broad dimensions and forces in an organization's surroundings that create overall context. It’s not related with any other specific organization but its closely associated with economic, technological, sociocultural, political-legal and international dimensions of the organization.

i. Economic Dimension: The economic dimension is the overall health and vitality of the economic system in which the organization operates. In this dimension economic functions are economic growth, inflation, interest rate and unemployment etc. ii. The Technological Dimension: At the technological dimension refers to the methods available for converting resources into products or services. iii. The Sociocultural Dimension: The sociocultural dimension includes the customs, mores, values and demographic characteristics of the society in which the organization functions. This process is so important because it can determine the products, services and standards of conduct that the society is likely to value. iv. The Political-legal Dimension: The political legal dimension refers to…...

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