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This week's Assignment is based on the "Contemporary Approaches" section of Chapter 2 and the environments of a business, explained in Chapter 3. The contemporary approaches to management include: socio technical 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, write full 2page (minimum) doublespaced paper using 12 point font to: Explain how the four contemporary approaches to management are different from one another. Define "open systems" and describe the internal, competitive, and macro environments 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.
1. Define and give an example of business analytics. Why is this technique becoming so widely used in organizations today? Your response should be at least 200 words in length.
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