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Topic: History
Number of pages / Number of words: 5 / 1339
Essay's paper body

Some of the major components of the external environment include customers, competitors, suppliers, and investors.

Efficiency and Effectiveness

The closed-system focus of the classical theorists emphasized the internal efficiency of the organization; that is, these perspectives addressed only improvements to the transformation process...


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Efficiency is the

ratio of outputs to inputs. Systems theory highlights another important dimension for managers:

effectiveness. Effectiveness is the degree to which the organization's outputs correspond to the needs and wants of the external environment. The external environment includes groups such as customers, suppliers, competitors, and regulatory agencies...


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