Os ch. 3

23 flashcards · Other · by Daniel F.

1. Environment

   The set of forces surrounding an organization that have the potential to affect the way it operates and its access to scare resources.

2. Organizational domain

   The particular range of goods and services that the organization produces and the customers and other stakeholders it serves.

3. Specific environment

   The forces from outside stakeholders groups that directly affect an organization’s ability to secure resources.

4. Global supply chain management

   The coordination of the flow of raw materials, components, semi finished goods and finished products around the world.

5. General environment

   The forces that shape the specific environment and affect the ability of all organizations in a particular environment to obtain resources.

6. The Organizational Environment

7. Sources of uncertainty in the organizational environment

   Environmental complexity, Environmental dynamism, Environmental richness

8. Environmental complexity

   The strength, number and interconnectedness of the specific and general forces that an organization has to manage.

9. Environmental dynamism

   The degree to which forces in the specific and general environment change quickly over time and thus contribute to the uncertainty an organization faces.

10. Environmental richness

    The amount of resources available to support an organization’s domain.

11. Resource dependence theory

    A theory that argues the goal of an organization is to minimize its dependence other organizations for the supply of scare resources in its environment and to find ways of influencing them to make resources available.

12. Symbiotic interdependencies

    Interdependencies that exist between an organization and its suppliers and distributors.

13. Competitive interdependencies

    Interdependencies that exist among organizations that compete for scare inputs and outputs.

14. Strategies for managing symbiotic resource interdependencies

15. Types of strategic alliance

16. Strategies for managing competitive resource interdependencies

17. Transaction cost theory

    A theory that states the goal of an organization is to minimize the costs of exchanging resources in the environment and the costs of managing exchanges inside the organization.

18. Sources of Transaction Costs

19. Specific assets

    Investments in skills, machinery, knowledge and information that create value in one particular exchange relationship but have no value in any other exchange relationship.

20. Transaction costs are low when these conditions exist:

21. Transaction costs increase when these conditions exist:

22. Internal transaction costs

    bureaucratic costs

23. linkage mechanisms that help organizations to avoid bureaucratic costs