Why Would an Executive in Charge of an Organization Want

question 37

Essay

Why would an executive in charge of an organization want to understand the environment surrounding that organization?

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Definitions:

Horizontal Merger

A business consolidation that occurs between firms that operate in the same industry, often aiming to create synergies and improve competitive position.

Cultural Integration

The process of blending and harmonizing different cultural practices, values, and norms within an organization or society.

Cultural Pluralism

A concept where small groups within a larger society maintain their unique cultural identities, and their values and practices are accepted by the wider culture provided they are consistent with the laws and values of the wider society.

Cultural Assimilation

The process by which individuals or groups from differing cultural backgrounds come to adopt the dominant culture's norms and values.