Contemporary Management - 9th - chap 03: Managerial Environment

Contemporary Management - 9th - chap 03: Managerial Environment

1. Chapter 3: Managerial Environment MANAGEMENT

2. Learning objectives of chapter 3 After studying this chapter, you should be able to: Explain why managers must study the managerial environment Explain the main forces in the managerial environment.

3. Content Topic 1 Topic 2

4. Topic 3: Levels and skills of managers. After studying this topic, you should be able to: Explain the role of a manager in the managerial environment Identify the elements in the internal environment. Topic 1: Internal environment :

5. Chapter Review What is managerial environment? Why must managers study the managerial environment? What is the internal environment of an organization? List some forces in the environment. What is the external environment of an organization? List some forces in the environment.

6. Discussion Why is it important for managers to understand the forces in the global environment that are acting upon them and their organization?

7. Discussion Analyze the U.S.-China Trade War effects on Vietnamese companies.

8. Case Study Case: Huawei’s Contentious but High-Potential Environment Questions Briefly summarize the threats and opportunities you see for Huawei in its task environment. Consider suppliers, distributors, customers, and competitors, if applicable. Briefly summarize the threats and opportunities you see for Huawei in its general environment. Consider economic, technological, sociocultural, demographic, and political/legal forces, if applicable. In Hofstede’s model of national culture , China has been found to score relatively high on collectivism and very high on long-term orientation. In light of what this chapter says about those dimensions, how would you predict that Huawei’s Chinese managers and employees will deal with their opportunities and challenges?

9. Content What is managerial environment? The role of a manager in the managerial environment. The internal Environment of an organization

10. 1. What is managerial environment? A managerial environment is made up of constantly changing factors — both external and internal — that affect the operation of the organization.

11. 2. The role of a manager in the managerial environment. The role of a manager is to monitor and shape the internal and external environments and to anticipate changes and react quickly to them.

12. For examples If a new competitor appears in the marketplace, the managerial environment is affected. If key clients take their business elsewhere, managers feel the impact. If technological advances date an organization's current methods of doing business,

13. 3. The internal Environment of an organization An organization's  internal environment  is composed of the elements within the organization .

14. Internal Environment

15. For examples Financial resources like funding, investment opportunities and sources of income. Physical resources like the company’s location, equipment, and facilities Human resources like employees, target audiences, and volunteers Access to natural resources, patents, copyrights, and trademarks Current processes like employee programs, software systems, and department hierarchies

16. Internal Environment Organizational Forces Identify Internal Environment Achieve competitive advantages of organization What for? Strengths Weaknesses Find out What do managers study the internal environment for?

17. Identify Internal Environment Strengths What is it that you do well? What benefits do you have over your competitors? What makes you stand out from the competitors? Weaknesses What are you bad at? Is there anything you could be better at? What should you avoid? What leads to problems or complaints?

18. Topic 3: Levels and skills of managers. After studying this topic, you should be able to: Identify the forces of Micro environment Identify the forces of Macro environment Topic 2: External Environment

19. Content Micro Environment Macro Environment

20. External

21. 1. Micro

22. 2. Macro

23. Internal Environment external Forces Identify ex ternal Environment seize the opportunity What for? Opportunities threats Find out What do managers study the ex ternal environment for? avoid the threats