Organization and Management Quiz

• PESTLE analysis is a analysis tool used to study the key external factors of a certain business entity.
• The PESTLE acronym stands for Political, Economic, Social, Technological, Legal, Environmental.
• SWOT Analysis is an analytical framework that helps organizations identify their strengths, weaknesses, opportunities, and threats.
• If the Disposable Personal Income (DPI) increases, businesses will benefit. But if it decreases, the ability of consumers to buy will be limited.
• Natural environment is the same as Ecological environment.
• Environmental Scanning is the actual monitoring & Evaluation of information from the external and internal environment of a business organization.
• Ad hoc environmental scanning is applicable during a crisis situation.
• Regular scanning is done at least once a year or at regular interval.
• Continuous Scanning is a continuous collection of data on a broad range of environmental factors. This is also known as continuous learning
• SWOT analysis is a technique use to identify the strengths, weaknesses, opportunities, and threats of a certain organization.
• Strength is a characteristic of a business which make them advantageous.
• Weaknesses is a characteristic of a business which makes them disadvantageous.
• Opportunities are external conditions that can be taken advantage by an organization.
• Threats are external condition that may cause harm to an organization.
• Global management - business and organizations with operations more than one country
• Global business - business environment that posses challenges in the adaptations to the cultures and businesses conduct in foreign countries.