...Finding Number 3 7 Recommendations 8 Conclusion 9 References 10 Executive Summary Strong business ethics and social responsibility go a long way for businesses. My CEO had tasked me with researching how ethics and social responsibility affect our employees, reputation, and relationships. Promoting good ethical standards at first glance seems like the right thing to do, however through studying the research provided; they are also the smart thing to do. The information gathered for this report gives clear and definitive answers to the three main questions posed by the CEO of our company. The addition to business ethics can increase efficiency in our company’s employees. This would require the incorporation of a code of ethics in the company’s mission statement as well as having the human resources department designing and training employees on ethics. Having strong ethics within a company promotes trust from within, and a happy employee is a more productive employee. It is by no accident that almost 80% of corporations in the United States today have incorporated some sort of ethics program into their company. Generally, the reputation of a company with good social responsibility is higher than the opposite. Having a good reputation with the public can lead to additional profits and long term benefits. It is important to practice social responsibility as early as possible in order to help forma good reputation. Many companies with bad reputations have increased...
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...Mitchells Fruit Farms, Pakistan Five Components that Affect Mitchells Fruit Farms Organization's External Environment Generally, The external environment of an organization are those factors outside the company that affect the company's ability to function. Some external elements can be manipulated by company marketing, while others require the organization to make adjustments. Monitor the basic components of company's external environment, and keep a close watch at all times. Customers customers are among the external elements you can attempt to influence, via marketing and strategic release of corporate information. But ultimately, your relationship with company’s clients is based on finding ways to influence them to purchase company’s products. Market research is used to determine the effectiveness of company’s marketing messages, and to decide what changes can be made to future marketing programs to improve sales. Government Government regulations in product development, packaging and shipping play a significant role in the cost of doing business and company’s ability to expand into new markets. If the government places new regulations on how you must package company’s product for shipment, that can increase company’s unit costs and affect company’s profit margins. International laws create processes that company’s company must follow to get your product into foreign markets. Economy As with the majority of the elements of your organization's external environment...
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...How do the four functions of management affect organizational success? Which function of management do you think is most important? Why? The four functions of management affect organizational success: P The four functions of management affect organizational success because they must work together. The success of the organization relies on creative problem solving in each function of management. The success of the organization requires upon effective and efficient management. The four functions of management are planning, organizing, directing, and controlling. All of the functions must be equally performed and balanced. Lacking in one function can affect the success of the organization negatively across the board. The planning function is the core area of the four functions of management. Planning requires management to evaluate the company’s current standings and its goals for the company’s future. Management analyzes factors that may affect the opportunities and threats. In the organizing function of management the resources must be organized to implement the course of action determined in the planning process. Management will determine the internal organizational structure and allocate necessary resources. Through directing management influences and oversees the behavior of the staff in achieving the company’s goals. In this function management also assists the staff in accomplishing their own personal and career goals. Managers become more effective...
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...solutions and techniques have been developed for the company’s greater presence in the island of Kava. Developing the company and the people of the island without sacrificing the company’s goals and objectives is the main target towards success. This paper will focus on the implementation of the solutions mentioned in the previous paper. This will emphasize on the factors that affect the implementation process within the organization, resources and actions required for decision implementation, and ethical implications from stakeholders previously mentioned. Looking at the important factors that affect the implementation process within the company itself would be necessary. The main issue to be handled would be the implementation of the issues that has been analyzed and discussed. To be able to have an assistant towards the implementation, having a position on Office of Strategic Manager (OSM) with the purpose of coordinating decisions implementation the same way as the CFO coordinates with the budgeting process. The presence of the OSM in the company will provide a local manager to handle the implementation process of the decisions and coordinated the local company’s objectives more effectively while freeing the corporate office out of trouble. Other issues to handle are the bottle necks of decision making and implementation processes that cause problems within the organization. The entire decision-making process can stall, usually at one of four bottlenecks: global...
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...comprise the task of evaluating a company's resources and competitive position? A. What are the company's most profitable geographic market segments? B. How well is the company's present strategy working? C. Are the company's prices and costs competitive? D. Is the company competitively stronger or weaker than key rivals? E. What strategic issues and problems merit front-burner managerial attention? Which of the following is not a component of evaluating a company's resources and competitive position? A. Evaluating how well the present strategy is working B. Scanning the environment to determine a company's best and most profitable customers C. Assessing whether the company's costs and prices are competitive D. Evaluating whether the company is competitively stronger or weaker than key rivals E. Pinpointing what strategic issues and problems merit front-burner managerial attention The spotlight in analyzing a company's resources, internal circumstances, and competitiveness includes such questions/concerns as Awhether the company's present strategy is better than the strategies of its closest rivals based on such . performance measures as earnings per share, ROE, dividend payout ratio, and average annual increase in the common stock price. B. whether the company's key success factors are more dominant than the key success factors of close rivals. C. whether the company has the industry's most efficient and effective value chain. D. what are the company's resource strengths and weaknesses...
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...potential for growth. If the Caputos’ would learn more about their market and reach a larger area as well as maintain their current customers they could increase their company’s sales. Since Edie has already created the reservation database they have a head-start and it wouldn’t be difficult to add and store personal information on their customers. This would not only help to grow the business but to help the Caputos’ stay organized and maintain their current customer base. 2.In a small- to medium-sized business, such as OKA, is it really important to use a structured approach for information systems development? Why or why not? SWOT-Strengths (How can we max. them), Weaknesses (How can we overcome them), Opportunities (How can we take full advantage of them), Threats (What can we do about them/about potential threats in the future) Systems projects: Initiated to improve performance, provide more information, reduce costs, strengthen controls, or provide better service 3.Based on the facts provided, draft a mission statement for OKA. In your statement, consider all the stakeholders who might be affected by OKA operations. MISSION STATEMENT: (The foundation for the company’s major goals, shorter-term objectives, and day-to-day business operations) (Describes a company for its stakeholders and briefly states the company’s overall purpose, products, services, and values. OBJECTIVE: Original Kayak Adventures (OKA) offers guided eco-tours and kayak rentals along the Hudson River. 3...
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... Memo of Transmittal 1-Apr-2014 Prof. Madhushri Shrivastava IIM Indore India Sub: Submission of WAC report on the case ‘We Googled You’ Dear Madam, As per your instructions, I have prepared a detailed analysis report on the situation faced by Fred Westen. I suggest that Fred should not hire Mimi for the company’s China operations. Instead, he should hire Mimi for another position in USA. The following pages present a detailed analysis of the situation and available options and their evaluation, recommendation and action steps to be followed. Yours sincerely, Abhishek Rungta PGPUAE: 2013-15 IIM Indore (Dubai Campus) U.A.E. Executive Summary Fred Westen was contacted by his old roommate John Brewster to consider his daughter Mimi for Fred’s company’s decision to expand into China. When Fred forwarded Mimi’s profile to Virginia, she did a normal Google search on her. The search revealed Mimi’s involvement in protests that included China’s treatment against a dissident journalist. Based on these findings, Fred is in a dilemma whether to hire Mimi for China operations. He has to take into account various factors like the success of expansion plans, both company’s and his personal reputation. Considering various evaluation criteria and options, I suggest Fred should not hire Mimi for the expansion plan in China. But given her credentials, he should hire her for a position in USA. Table of Contents 1. 2. 3. 4. 5. 6. 7. 8. Situation Analysis ...........................
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...organizations that are the most successful, the more profitable and the companies that have will be around for a long time. AT&T is a company that has been around since the 1800’s and has been able to adapt to these internal and external factors that in a lot of cases affect the four functions of management, which are planning, organizing, leading and controlling. One of the four functions of management is the planning stage, which is setting up short term and long-term goals. Historically as the book states this is the time were executives set up business plans for other in the company to follow. Internal factors that can affect this stage can be budget restrictions. AT&T can also be affected by laws and regulation, which can persuade the planning stage to go in a different direction. The planning stage is an integral part in a company given that is giving us the future outlook of the company. The next function of management is organizing. This is the stage where all of the company’s goals are separated and assemble in a way for each department or individual can do their part to achieve their goal. This stage is where business functions are organized for each team, division, or department. A SWOT analysis can be conducted in this staged in order to better understand the external factors the company would be dealing with in order to accomplish its goals. Leading is an important function of management that has to be taken seriously. The ability to motivate people...
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...industry, and the ways it affects the four functions of management. The internal factors include the company’s strength and weakness that displays their success or downfall. The internal factors reveal the company’s strength on how well it can meet their goals. The internal factors of an industry are factors of good or poor planning because it exposes their ethics, diversity, globalization, and so forth. On the other hand, the external factors may involve with their outside competition, social legal, technology changes, political, and economic environment. The external factors show their duties to the society, and the way consumers or customers view their company. Moreover, external factors are factors that can affect the company. Within the four factors of management, we discuss the ways it incorporates or affects the company’s globalization, innovation, technology, diversity, and ethics. Those factors are planning, organizing, leading, and controlling. Internal and External factors There are many different companies in the world with their own unique set of goals and rules. There are factors that can affect and change a company and how it functions, there are even more factors that can change the management within a company. This paper will attempt to explain how factors like: globalization, innovation, technology, diversity, and ethics change the management with a company such as Google. These are big factors in any company across the world, and they affect each company differently...
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...Week 2 Assignment Internal and External Factors XMGT/230 February 16, 2014 Week 2 Assignment Write a 700- to 1,050-word paper in which you explain how internal and external factors affect the four functions of management. Explain how the following internal and external factors affect the four functions of management. Include specific examples for each of the following: • Globalization • Technology • Innovation • Diversity • Ethics Week 2 Assignment Managing a business can be a difficult, but rewarding task. There are internal and external factors that can hinder and improve the experience. For example let’s use B-EZ T.V.s, a manufacturer of televisions. As a business manager for B-EZ T.V.s you have four basic functions; planning, organizing, leading, and controlling. There are many internal and external factors that may affect managing the company. Part of the success of your job will depend on the strength of your employees. Sometimes hiring dependable, hard-working staff can prove challenging, especially when the demographics you need to hire are in short supply. Population growth can greatly affect your ability to hire younger more innovative employees. On the up side of that theory an increase in population can provide an abundance of qualified individuals, as well as an increase in the demand for televisions. Due to economic reasons employees past retirement age may choose to remain in the work place because they cannot afford to...
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...management: Competitiveness and globalization, concepts and cases: 2011 custom edition (9th ed.). Mason, OH: South-Western Cengage Learning. Supplemental Resources Angwin, D., Paroutis, S., & Mitson, S. (2009). Connecting up strategy: Are senior strategy directors a missing link? California Management Review, 51(3), 74-94. Derfus, P. J., Maggitti, P. G., Grimm, C. M., & Smith, K. G. (2008). The red queen effect: Competitive actions and firm performance. Academy of Management Journal, 51(1), 61-80. Franken, A., Ewards, C., & Lambert, R. (2009). Executing strategic change: Understanding the critical management elements that lead to success. California Management Review, 51(3), 49-73. COURSE LEARNING OUTCOMES 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Identify the vision, mission, and stakeholders of a firm. Identify how the six segments of the general environment affect an industry and its firms. Identify the five forces of competition. Analyze the external environment for opportunities and threats that impact the firm. Analyze the internal environment of a company for strengths and weaknesses that impact the firm’s competitiveness. Identify various levels and types of strategy in a...
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...Question 1 (20 marks) Identify four actors in the microenvironment that affect the introduction and sale of the Toyota Prius and explain the role each of these actors played in Toyota’s strategy. A company’s microenvironment consists of the actors close to the company that affect its ability to serve its customers. It is made up of the company, suppliers, marketing intermediaries, consumer markets, competitors and publics. The following are four actors that affect the introduction and sale of the Toyota Prius: Customers: Customers are the most important actors in the company’s microenvironment. Without customers, there would be no company. Toyota studied the consumer market and came up with a successful target market strategy. Their targeting strategy was one of the main reasons for the Prius’ success. In the beginning, Toyota focused on the early adapters and innovators who were most likely techies. Which, as it turned out, was completely right. Techies were attracted to the advance technology and were even able to modify the computer systems. Also, the tech savvy customers tend to be environmentally conscience, which the Prius is known for. The second generation Prius was redesigned to have a broadened market focus. It had improved performance, power increase, new sleek design, and seven colors. It also featured a roomy interior, leg room, and storage space. It also included features found in luxury cards such as one touch button start and seven-inch touch screen...
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...technology, all impact and shape the organization and affect marketing decisions. The article “PepsiCo Pops for China,” written by Ruthie Ackerman and published by Forbes.com, reviews Pepsi’s decision to invest billions into the Chinese market audience. This paper will review the article, identify environmental factors that shape the organization and impact marketing decisions, and discuss how technology plays a role in those decisions. Alternatives to Ackerman’s view of social responsibility to the company’s marketing decisions and activities will be analyzed, along with explanations of how ethical issues can make an impact. The accuracy of the article’s forecasts will be reviewed and further supportive references to conclusions made will be gathered, if necessary. Global and Domestic Factors Several macro-environmental factors shape the PepsiCo Corporation and impact marketing decisions. Demographics, economic climate, ecological and political issues, technology, and cultural concerns all affect where the company is headed desires and the decisions the company makes. Each issue affects the company differently, but when combined together, the environmental factors can wreak havoc on a company’s bottom line if not addressed appropriately. On the other hand, if a company has the ability to recognize these factors, can address them, and be prepared to “think on its feet,” then the factors can be used to the company’s advantage. The Ackerman article discusses PepsiCo’s...
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...component for the systems affected is how to set goals. They must be action plan in affect with the total quality management model. There should be a check and balance to ensure the effect of the new strategic plan, make it is communicated throughout the organization what the successes and failures are. All members need to realize the strengths and weakness of the company and how they can be altered. Make sure the accomplishments are measured at all levels. Also, the managers must provide a common language to be shred within the organization. Hence, the scorecard reshapes the company’s alignment. It helps align each member individually and collectively. It is a way to capture the market niche, gain power, and improve on the company’s current market share. The final key success factors are to provide the best service possible, respect the individual and its environment, and excellence through technological advantages is the way of life of production. Technical Wengart technological systems are also affected. The portions of the system that can be fixed are the way they check the vulnerability of the aircraft. That way it will help eliminate problem areas as they arise and can be restored. The company should empower individuals that can represent each subunit. For example, an information systems representative that can report directly to the project manager that will retain close ties with the division. Also by having a technical representative can also aid in the advancement of...
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...A pioneer in the media industry. A company’s success depends on many elements that are responsible for their success. One of the elements that I will be discussing is the person(s) or group(s) that affects an organizations decisions, operations and policies. An organizations stakeholder has an interest in the company, and plays a critical role in daily operations. If I had to choose a company to assume an executive position in; it would be AOL. This company is was on the forefront of social media launching. They changed the way we communicate with one another and created a global community of collaboration. AOL began as a small, but passionate group of employees that had a vision about future encounters on the internet. Their sole purpose then and now remains the same; delivery of news, service and enhancing social activities for a consumers of all ages. AOL has many accomplishments, but one of the most outstanding of them all; is opening of their executive positions to all that qualify. They overcome the hurdles that most company is still having difficulties achieving. They empowered women in the corporate America arena; unlike any company in the world. This is a major competitive edge. Additionally, AOL’s compensation plans are very competitive in the media industry. “Their workforce consists of more than 13,000; with salaries of $50,000 to $200,000 per year.” (AOL Salaries, 2013) Among these salary lye many stakeholders, that perform their duties interactively to achieve...
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