The Managerial Environment 4 Managerial Environments • • • • Internal External Cultural Ethics/Social Responsibility The Internal Environment Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–3 The Internal Environment • Management and Culture – Organizational culture • The values, beliefs, and assumptions about appropriate behavior that members of an organization share. • Mission – A organization’s purpose or reason for being. • Top management’s responsibility is to develop a mission with clear measurable objectives. • Should be relevant to all stakeholders’ interests. • Is an expression of the ends the organization strives to attain. Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–4 The Internal Environment (cont’d) • Resources – – – – Human resources Physical resources Financial resources Informational resources • Systems Process – The method used to transform inputs into outputs. – Process components 1. 2. 3. 4. Inputs Transformation Outputs Feedback Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–5 Exhibit 2–2 ● The Systems Process Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–6 The Internal Environment (cont’d) • Structure – The way in which resources are grouped to effectively achieve the organization’s mission. – Organizations structure resources to transform inputs into outputs. – All of an organization’s resources must be structured effectively to achieve its mission. Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–7 Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–8 The External Environment • Task Factors • General Factors • Chaos and Interactive Management The External Environment • Task Factors – Customers • Their needs decide what products businesses offer. – Competition • Competitors’ business practices often have to be duplicated to maintain customer value. – Suppliers • Poor quality suppliers mean poor quality products. – Labor force • Quality labor is needed to produce quality products. – Shareholders • The board of directors monitors management and provides direction for the organization. Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–10 The External Environment • General Factors – Society • Businesses are pressured by societal forces to behave in an acceptable manner. – Technology • Firms must stay current on technology to stay competitive and provide customer value. – The Economy • Economic activity has both short and long-term effects on an organization’s ability to provide customer value. – Governments • Policies, rules, and regulations affect what, how much, and how business is conducted. Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–11 The External Environment (cont’d) • Chaos and Interactive Management – Reactive managers • Make changes only when forced to by external factors. – Responsive managers • Try to adapt to the environment by predicting and preparing for change before they are required to do so. – Interactive managers • Design a desirable future and invent ways of bringing it about by trying to prevent, not prepare for, threats and to create, not exploit, opportunities. Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–12 Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–13 Exhibit 2–5 ● The Organizational Environment Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–14 Business Ethics • Ethics – The standards of right and wrong that influence behavior. – Government laws and regulations are designed to govern business behavior. • However, ethics go beyond legal requirements. – Ethical concepts are culturally-bound. • What is considered ethical in one country may be unethical in another. Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–15 Business Ethics (cont’d) • Does Ethical Behavior Pay? – Research shows a positive relationship between ethical behavior and leadership effectiveness. • Having strong ethics means having integrity, and people trust others they believe have integrity. – Unethical behavior creates a negative image of big business. • Mahatma Gandhi called business without morality a sin. Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–16 Factors Affecting Ethical Behavior Personality Traits and Attitudes Moral Development Ethical Behavior The Situation Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–17 How People Justify Unethical Behavior • Moral Justification – The process of reinterpreting immoral behavior in terms of a higher purpose. • Displacement of responsibility-blaming someone else • Diffusion of responsibility-when no one person is held responsible • Advantageous comparison-comparing oneself to others who are worse • Disregard or distortion of consequences-minimizing the harm • Attribution of blame-someone else was unethical so I had to be unethical too. • Euphemistic labeling-using “cosmetic” words to make the behavior sound acceptable. Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–18 Simple Guides to Ethical Behavior • Golden Rule – “Do unto others as you want them to do unto you.” • Four-Way Test 1. 2. 3. 4. Is it the truth? Is it fair to all concerned? Will it build goodwill and better friendship? Will it be beneficial to all concerned? • Stakeholders’ Approach to Ethics – Creating a win-win situation for all relevant stakeholders so that everyone benefits from the decision. Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–19 Social Responsibility • Social Responsibility to Stakeholders – The conscious effort to try to create a win-win situation for all external stakeholders, as well as internal stakeholders. • Does It Pay to Be Socially Responsible? – Social responsibility doesn’t guarantee or improve profits, but scandals do hurt corporate reputations. Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 2–20 KEY TERMS • • • • • • • • • • • • • • • • internal environment organizational culture mission stakeholders systems process quality customer value total quality management (TQM) levels of culture symbolic leaders learning organization external environment Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. • • • • • • 2–21 global village ethnocentrism international business multinational corporation (MNC) global sourcing joint venture direct investment ethics stakeholders’ approach to ethics social responsibility