Discuss the following in a 2 page:
Marc has opened a 24-Hour fitness center in a fast-growing city. Before purchasing the franchise and starting his new business, Marc looked at the one other fitness center currently operating in that area. In the same general area are video game rooms, fast food restaurants, a sports bar, a golf driving range, a sporting goods store, and a bowling alley. Marc believes that the one fitness center forms his competition.
1. Based on your reading of open systems and “Substitutes and Complements”, do you agree with Marc or disagree? Why?
“Contemporary Approaches” and the environments of a business. The contemporary approaches to management include: sociotechnical theory, quantitative management, organizational behavior, and systems theory. Regarding environments, an organization has an internal environment, a competitive environment, and a macroenvironment.
After reading and reflecting on the above concepts and completing this unit’s practice Learning Activities,
Q: Explain how the four contemporary approaches to management are different from one another. Define “open systems” and describe the internal, competitive, and macroenvironments of an organization. Lastly, indicate whether the four contemporary approaches to management are relevant in these three environments and why or why not. You may research external sources to support your answer. Cite any external sources used.
Assignment Checklist:
1. Explain how the approaches presented are different from one another.
2. Define “open systems” and describe the internal, competitive, and macroenvironments of an organization.
3. Indicate whether the approaches are relevant in the three environments and why or why not.
4. Respond in a paper at least two double-spaced pages in length, using size 12 point font. Submit your paper to the Dropbox.
This Assignment specifically addresses the following unit outcomes:
a. Distinguish between significant contemporary management theories.
b. Describe the business organization as an open system.
c. Identify the role of internal and external environmental factors in business.