For your organization or one with which you are familiar ide

For your organization, or one with which you are familiar, identify the factors that operate in its general and specific environments. How does this understanding influence the effectiveness of an organization?

Solution

For an organisation in oil exploration industry today when oil at rock bottom and rig rates down it is laen and efficient management to keep costs down will influence effectiveness of organisation.Reorganisation of work to be more effective keeping costs down will help in long way.Better vendors who are economical and give longer credit will also help keep cost down and organisation more effective.Specific environment in this industry relates to international oil price which is rock bottom due to oversupply and untill supply demand equation becomes even and price improves profitability will be hit