The Following Examples Illustrate How Various Sectors Can Impact Organizations

question 31

Multiple Choice

The following examples illustrate how various sectors can impact organizations:

• A) in the industry sector, labor unions are a significant force.
• B) in the market sector, we see an increasing number of foreign-owned manufacturing plants built in the U.S.
• C) in the raw materials sector, we note that steel makers owned the beverage can market until the mid-1960s.
• D) in the human resources sector, brand names are fighting it out with lower-cost store brands.

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Definitions:

Risk Event

An occurrence or situation that has the potential to adversely impact a project's objectives, timelines, or resources.

Known Risks

Risks that have been identified and analyzed, allowing for planned responses.

External Complexity

Refers to the conditions and variables outside an organization that affect its operations and success.

Internal Complexity

The level of complexity within an organization, determined by its structure, processes, and the interrelations among its components.