Principles of Management Final Exam with Complete Solutions 2024

Principles of Management Final Exam with Complete Solutions 2024 External Environments ️️All events outside a company that have the potential to influence or affect it Environmental Change ️️The rate at which a company's general and specific environments change Stable Environment ️️An environment in which the rate of change is slow Dynamic Environment ️️An environment in which the rate of change is slow Punctuated Equilibrium Theory ️️The theory that companies go through long periods of stability, followed by short periods of dynamic, fundamental change, and finishing with a return to stability Environmental Complexity ️️The number and the intensity of external factors in the environment that affects organizations Simple Environment ️️An environment with few environmental factors Complex Environment ️️An environment with many environmental factors