Environments
What affects a company more immediately? Its task environment, or the general environment?
Task environment
What two companies recently formed a partnership?
Puma and Anta
What are opportunities and threats?
Opportunity- something that can potentially lead to better circumstances
Threat-something that can potentially cause damge
What is an opportunity for both of these companies in this partnership?
New market(s), Broadened horizons, more well known across world, etc.
What is the difference between global environment and task environment?
Task environment has more to do with most immediate factors that affect and organization and its managers, while global environment has more to do with more broad factors that might not be within a manager's reach
Why might a company look into competing companies?
To see what they are doing and to not fall behind, as well as potentially gain a competitive edge
Where are these two company's home countries?
Puma-Germany
Anta-China
What is global environment?
External factors around the world that affect an organization's operations and shapes its behavior
What is a potential threat in this partnership?
potential loss of original brand, decline in sales and efficiency, etc.
what is the difference between suppliers and distributers?
Suppliers focus more on the manufacturing of the product and distributers focus more on getting that product out to market
What is a potential threat to expanding globally?
The global environment can be unpredictable
What advantages and opportunities do these two companies get out of their new partnership?
Expansion into new markets and reaching larger consumer lanscapes
What is a task environment?
the most immediate factors that affect a manager's daily decision making
What are the three main potential threats mentioned in the presentation?
Technological, cultural, economical
What is the difference in political and economic?
political focuses more on the laws and regulations while economic focuses on inflation and interest rates, and employment rates
What are the four forces within a task environment that affect managers?
Suppliers, competitors, consumers, and distributers
Approximately what percent of Puma stock did Anta purchase?
About 30%
What is a force?
An independent factor that affects a company and how it operates (Consumers, Suppliers, Competitors, and distributers)
How might technology become a threat or opportunity?
-Potential to help become more efficient in production and labor costs
-Potential to break down and have to continually update
What is the difference between sociological and demographic?
Sociology focuses more on the cultural structure and its norms while demography focuses more on the broadened factors such as population and age
What are the five factors that affect the general environment?
Technological, sociological, Demographic, Political/legal, and economic
What did Chinese Chief Economist have to say about the trade war and its tariffs?
That it turned out it didn't affect China heavily
What is a potential competitor?
A competitor that might join a market and has the capability to do so, but has not done so yet
How might cultural or economic factors pose as opportunities or threats?
-Puma and Anta come from differing cultural backgrounds and merging the two cultures, and trying to expand it internationally calls for product changes and sculpting to new backgrounds and preferences
-Both companies aren't necessarily overly succeeding. The trend could potentially continue or worsen, or the partnership of the two companies could grow the two exponentially
Who are the two popular athletes that are partnered with Anta?
Klay Thompson and kyrie Irving