Contemporary Approaches to Management
Contemporary Approaches to Management
An organization, often referred to as an open system, is dependent on the outside
world for things such as raw goods or materials to produce a service or product, capital to
finance the needs of the organization and human resources to produce these services or
products. These resources are inputs. Open systems use these inputs to make products or
services also known as outputs, that are needed by consumers. Consumers then input
their feedback into the organizations which ideally will result in better products and
services for the consumer and success for the organization. (Bateman, 2013)
An open system has different environments that affect its general operation. These
environments are external environment, competitive environment and microenvironment.
The external environment includes everything outside of the organization. Government,
