INST 335

INST 335 Organizational ecosystem An organizational ecosystem is a system formed by the interaction among a community of organizations in the environment. The ecosystem includes the task (customers, competitors, suppliers) and general environments (sectors that have an indirect influence on the organization- technology, politics, international laws) Corporate culture Corporate culture: set of key values, beliefs, understandings, and norms that members of an organization share: Symbols, Stories, Heroes, Slogans, Ceremonies Invisible vs visible corporate culture -Visible culture: culture that can be seen at the surface level (artifacts, such as dress, office layout, symbols, slogans, ceremonies) -Invisible: Deeper values are shared understandings held by organization members (expressed values, such as "The HP way", underlying assumptions and deep beliefs, such as 'people here care about one another like a family' Porter's 5 forces: A framework for analyzing competition of a business 1. Threat of entry 2. Bargaining power of customers 3. Rivalry among existing competitors 4. Threat of substitutes 5. Bargaining power of suppliers Define a cultural leader and explain the tools that a cultural leader uses to create a high-performance culture. High performance culture is based on a solid mission/ purpose. Leader example: Steve Jobs?? Openness and trust- gain trust of followers, manage differences- if issues arise then to handle it efficiently, focus on goals/culture/beliefs Define globalization Globalization: the extent to which trade and investments, info, social and cultural ideas, political cooperation flow between countries. How is Globalization creating a borderless world for today's managers. Globalization is creating a borderless world because countries, businesses, and people become increasingly interdependent Discuss how the international landscape is changing, including the growing power of China, India, and Brazil. -Managers look at China, India, and Brazil as sources of lower cost technological and scientific brain power. This is why many companies try to expand to these countries first when going international. -China: Outsourcing is probably the most widespread approach to international involvement in China and China is strong in manufacturing