...1. Using examples, explain what is meant by internal and external drivers for change. With globalisation it is an important to have clear concept about business management. Business environment is the totality of all such factors which influence the working and decision making of a business organisation. Business is a commercial enterprises ventured into secure maximum possible profit and to give best services to the public. These are things, events or situations that occur the way a business operations, either in a positive or negative way. This can be called driving forces or environmental factors. They are; I. Internal driving forces Internal driving forces, which are the things, situations or events that are occurred inside the business and these generally under control of the company. The main internal driving forces are given below; (a) Technological Capacity The new discoveries make the old one obsolete. The business community has to keep itself abreast with the technological changes. And it is also an important aspect as it shapes the business operations in the long run. Today the scientists are working on such technologies which will change the entire production process. The company is not running without most modern technology, they cannot competent to others (b) Organisational Culture Organisational behaviour can be defined as the systematic study of the behaviour and attitude of both individual and group within the organisation. Organisations...
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...its mission and objectives. An organizational design, thus, is the framework within which an organization functions. Both internal forces and external forces influence the character of an organization’s design. An organizational design tends to be defined in terms of structure, processes, and size (Chatain & Zemsky, 2007; Knoll, 2007; Zismer, 2011). The findings of a description and an assessment of organizational design of a group practice family medicine clinic are presented in this paper. The description and assessment include the identification of the internal forces and the external forces that have influenced the nature of the organizational design of the clinic. The effects of these forces on organizational structure, organizational processes, and organizational size are addressed in the paper. Specific consideration is given in the discussion to the effects of accountability mandates on the organizational design of the clinic. The Internal Forces and the External Forces Affecting the Organizational Design of the Clinic The external forces that act on the organization in this case, a group practice family medical clinic, exerted a greater effect on reshaping the organizational design of the practice than has been true of the internal forces that also drive changes in organizational design. The two most important external forces, when considered in relation to effects on organizational design, have been, in the opinion of this writer, (a) technological...
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...Antoinette Bias MGT/230 Week 2 September 1, 2014 Erica Richmond Internal and External Factors Management is impacted by the external and internal factors of technology, globalization, ethics, diversity, and innovation. For the Walmart Corporation, the internal and external factors are applied towards maintaining their position as a leading retailer. A comprehensive strategic plan includes a situational analysis that considers internal strengths and weaknesses. Walmart’s current strengths and weaknesses provide a wealth of insight helpful in accomplishing internal goals and internal analyses can provide advantages for achieving external goals, as well. External opportunities include things such as gaps in the market that no company is currently serving, new markets and other clear growth opportunities. External threats include new product releases from competitors and new competitors arising in the market. Globalization Globalization is a process of interaction between companies, people and governments of different nations. Investments and international trade guide this process. Information technology is also an important part of this process. Environment, culture, economic development and political systems are all effected by globalization. Many think globalization is a new process but quite the contrary. For many, many years’ people have been buying and selling...
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...SWOTT analysis the daycare can become a better and more efficient center. Strengths for a daycare center is a positive quality, they can be the training of the staff, financial stability, and a modern facility. Weaknesses are aspects that need to be improved like low cliental, untrained staff, and out dated equipment or facility. Opportunities are things that help the make a future for the center like growth in the number of children attending or more grant money. Threats can lead in the drop of business or loss of efficiency, these threats could come from the loss of employment within the community and parents may not be able to afford daycare (Cooper). For the Tiny-Tots Daycare Center to conduct a SWOTT analysis, the company will need to answer some questions about their strengths; what advantages do they have, what are their resources, what do they do better than their competitors. Once they have company views their strengths, they will need to see both the external and internal viewpoints, and then make sure they evaluate the customer’s views, as well as the competitor’s views. Once this is done they then need to view their weaknesses, and ask questions like what can be done to improve and avoid these weaknesses. After the strength and weaknesses are reviewed, then Tiny-Tots will need to look at their opportunities and threats. The questions that need to be asked or opportunities; how to bring in the customers; what does the future hold; and what kind of technology...
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...Google internal and external factors Mark Gray, Christian Silva, Joseph DeRuntz MGT/230 July 23, 2012 Ogwo Umeh Google internal and external factors As we evolve as managers of Google if there is anything that is stead fast and unchanging, it is change itself. Change is inevitable, and as one of the leading organizations in the internet world if we do not keep up with change our company will become unstable, with long-term survivability in question. At Google there are internal and external driving forces that can help or hurt our business. The internal forces are things, situations, or events that occur inside of our business, and are generally under the control of every management staff member which our. • Organization • Technology • Management systems • Financial • Employees External factors that we face are those things, situations or events that occur outside of the company and are large beyond the control of us as the management staff. Examples of these types of situations that we may face is the • Economy • Demographics • Competition • Political interference In addition to these two driving internal and external driving forces that affect the four functions of our management staff Diversity and Ethics will be an integral part of us being able to run a successful and profitable business. With such a diverse culture it is imperative that we have a diverse work force no matter of race, sex, national origin, and disability. “Communities admire employers...
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...Strategic Plan Part II SWOTT Analysis Whenever someone starts a brand new company they will need to create a strategy plan that will give directions on how to build strengths, weaknesses, opportunities before the company comes out into the market world. If there is an understanding of the business SWOTT , it will help a lot the understanding and development of any strategy plan and it will Gide them to prepare for unforeseen problems that will come out with any internal and external environment. What the SWOTT analysis will do, will be to enable Jean's rare find books, to audit plan and focus on any key issues that will come out in the near business future. External Trends The external analysis of Jean's rare find books has pick external forces and trends, this trends will mainly consider the economy forces, the competitive forces and technological forces. Competitive analysis The purpose of the competitive analysis has been focusing on companies such as jean's rare find foods, competitors ray's books, and Blake's wholesales books warehouse and how the market has decreased in the past year. Ray's books has control 10% of the market and Blake 20%, Jean's rare is the one holding the competitive advantage over the others. This is because the company has programs set for high schools and colleges students, where they will be able to rent out any available books with different school codes and with the use of their IDs and not to mention good prices. Strength: They are offering...
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...Businesses face internal and external factors on a daily basis. They also face various aspects of internal and external factors to become successful. Internal and external forces as well as trends continually create a foundation for a business. The actions taken on these forces dictate the success or failure of an organization. A SWOTT analysis of an organization assists the organization in defining the potential and risks for a business. Acknowledging and acting on the potential or risks will also decide the future of an organization. H & R Block, Inc. faces several internal and external forces and trends that affect its business. The intent of this paper is to develop a synopsis of the forces, which affect H&R Block, how the company adapts to change, the supply chain of the company, and any issues or opportunities. Legal and regulatory practices are external forces, which are both a strength and weakness for H&R Block. The Internal Revenue Services (IRS) develops regulator factors that tax preparers must comply with. Recent developments include the elimination of the debt indicator information, which provides tax preparation firms and financial institution with advance notice if a taxpayer has any leans against his or her tax refund. The elimination of this tool will create a downfall for both the lenders and individuals. The elimination of this tool will hinder the lenders, as they will not be able to determine the client’s worthiness, resulting in lower approval rates, and...
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...achieve organizational success. Strategic management involves strategy development, which is comprised of five stages. Discovery requires all members of the team to individually gather information on an agreed upon set of attributes affecting the organization. Strategic thinking, which can be defined as ‘the generation and application of business insights on a continual basis to achieve competitive advantage’. Strategic planning stage utilizes the insights form the strategic thinking phase to assemble a mission statement, set goals and objectives, audit the organization for internal strengths and weaknesses, assess the external environment for opportunities and threats, evaluate strategic options, and then select and operational an organizational strategy. The strategy roll-out phase turns the strategy into activities and offerings and ensures that the strategy is communicated well throughout the organization. The strategy tune-up phase is a meeting held several times per year to keep track of the progress of the implemented strategy and adjust for changes in the internal and external climate of the organization. Seven S-Models includes are Business Environment/Strategy: Competition, Economy, regulation/taxes, labor & supplier issues, Short-Term Vs. Long-Term Goal etc. Shared Values: How would you describe the mission of this company to your prospective buyers? Structure: Organization Chart, Departments, the number of management layers. Staff: the strengths and...
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...External Micro- Environment Micro environment includes those players whose decisions and actions have a direct impact on the company. Production and selling of commodities are the two important aspects of modern business. Accordingly, the micro environment of business can be divided. The various constituents of micro environment are as under: Suppliers of inputs: An important factor in the external micro environment of a firm is the supplier of its inputs such as raw materials and components. Normally, most firms do not depend on a single supplier of inputs. To reduce risk and uncertainty business firms prefer to keep multiple suppliers of inputs. Customers: The people who buy and use a firm’s product and services are an important part of external micro environment. Since sales of a product or service is critical for a firm's survival and growth, it is necessary to keep the customers satisfied. A concern for customers’ satisfaction is essential for the success of a business firms. Besides, a business firm has to compete with rival firms to attract customers and thereby increase the demand and market for its product. Marketing intermediaries: In the firm's external micro environment, marketing intermediaries play an essential role of selling and distributing its products to the final customers. Marketing provides an important link between a business firm and its ultimate customers. Competitors: Different firms in an industry compete with each other for sale...
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...a company’s internal resources there are several other factors that have a profound impact the performance of a company. The internal resources usually refers to the employees of the firm, contractors, sub-contractors, suppliers and so on whereas the external environment refers to the market, clients, stakeholders, etc. 1.2 PEST ANALYSIS According to Kotler (1998), PEST analysis is a useful strategic tool for understanding market growth on decline, business position and direction for operations. The use of PEST analysis can be seen effective for business and strategic planning, marketing planning, business and product development and research. In order to survive, be profitable and maintain their competitive advantage, organizations have to recognise and take advantages of the external environments as well as identifying and consider threats when developing strategies. One of the most commonly used analytical tools for assessing external factors in a business situation is PEST analysis. Pest is an acronym for Political, Economic, Social and Technological external factors. PEST analysis is beneficial when conducting research before beginning a new project or to help conduct market research. Also, PEST analysis helps to determine how the external factors will affect the performance and activities of a business in the long run. Pest analysis is often used in collaboration with other analytical business tools like SWOT analysis and Porter’s Five Forces to give a clear...
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...Analysis A business owner needs to realize that while there is great potential to succeed there is equal potential to fail. One of the greatest factors of success or failure is external factors and how they will play a role in the operations of a business. In this paper there will be a definition of some external factors for the Guadalajara Mexican Restaurant and how well the restaurant adapts to these factors. Analysis of the supply chain of operations will also be taken into consideration along with the identification of other issues and opportunities that may occur. Economic, Legal and Regulatory Forces and Trends In regard to external social forces/trends, there are several forces that create an impact on the business. One is the grip of obesity on America has forced several individuals, especially young adults, to eat healthy and reduce their waistlines. As a result, one of the most successful fast food chains has not been McDonald’s or Burger King, but has been Subway (Subway, n.d.). With their attractive pricing and healthy options, Subway has been far more profitable where other restaurants and chains have faltered. Because of the health trends amongst the youth, it makes sense that these social factors of health conformity are a huge negative trend toward the restaurant. Because the majority of Mexican foods are high in fat due to the frying process, health conscious individuals would create a negative external force. Competitive analysis as an external force/trend...
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...Summary This case study, we have done as the assignment of our ninth module in Professional Qualification in Human Resource Management and it is held by Mr. C H Liyanage. According to the given case study, Sharmin Rodrigo is the chairperson of the Mingo Group and she has desired to be the franchisee of one of the leading restaurant in U S A and she wants to operate it in her mother land. Sharmin Rodrigo is a well educated woman and she is successful business woman because she could build the leading business empire with in decade in her country. Mingo Group is a well diversified business. Once the negotiation got successful she invested million of rupees to secure the franchise with McDew which operates the renowned fast food chain in more than 130 countries with over 2000 restaurants. Sharmin planned to open 10 restaurants in her motherland and initially she started in the leading cities of the country. When she is stating this McDew there was some political interfere on that and in such cases she has to change her business plan also. Almost six months ahead to the opening she has sent 100 employees who have got selected to the personal desire of the Sharmin to an...
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...Stage 2 Internal & External Forces Driving the Need for Organizational Change 3 External Forces 3 Globalization 3 Technological Change 3 Internal Forces 4 Sixth Phase: Efficiency Phase 4 Implications on Organizational Structure & Design 5 Works Cited 13 Greiner’s Terminal Stage In Greiner’s terminal stage there is a strong organizational emphasis on collaboration and spontaneity in management action through teams and the skillful confrontation of interpersonal differences (Greiner, 1988). Often there is a growing opposition to coordination that may need to be addressed by attention to human connection and more collaborative and supportive approaches. Bureaucracy is simplified and trust is rebuilt with a greater focus on common organizational goals. Also, structures have been implemented to connect people in multiple dimensions, such as the use of a matrix structure. Reward systems are also realigned to promote team and organizational success rather than just individual performance. Greiner’s fifth phase ends with a crisis for internal growth. How can an organization grow further without overloading current systems and processes? Through this crisis, it is evident that further growth can only come through the development of partnerships with complementary organizations and more efficient means of horizontal coordination. These efficiencies can be reached through mergers, outsourcing, virtual networks, more efficient supply chains, etc. Internal &...
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...Anglia Ruskin University Marketing Consultancy, Report on ‘eBay Inc.’ Name: Mohammad Russel SID: 1351826/1_IM Faculty: Lord Ashcroft International Business School Module Code: MOD003058 Module Title: Marketing Consultancy Date: 14/11/2013 Academic Year: 2013/14 Semester: 01 London School Of Marketing Marketing Consultancy Report On ‘eBay Inc.’ Reported By: Mohammad Russel Report Date: 14/11/2013 Content Introduction 1. A brief history of eBay Inc. …………………………………… 03 2. Market position of eBay Inc. …………………………………… 03 3. Client Issues …………………………………… 05 4. Implications, if client problem is not treated …………………………………… 06 Situation Analysis of Market Market situation comparison .……………………………….….. 06 Situation Analysis Models ……………...……………………. 07 Internal Analysis: SWOT Analysis …..……………………………...... 07 External Analysis: PEST Analysis ........................................................ 08 Porters Five Force Analysis ........................................................ 08 Recommendations .….………………………………. 08 Appendix …………………………………… 09 References …………………………………… 12 ...
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...macro-environment (noun) DEFINITION OF MACRO-ENVIRONMENT Larger societal forces that affect the micro-environment. EXAMPLES OF MACRO-ENVIRONMENT IN THE FOLLOWING TOPICS: Scanning and Analysis All organizations should continuously appraise their situation and adjust their strategy to adapt to the environment. One technique used by organizations to monitor the environment is known as environmental scanning. It allows marketers to understand the current state of the environment, so that the organization can predict trends. The Macro Environment There are a number of common approaches for how the external factors, which describe the macro environment, can be identified and examined. The segmentation of the macro environment according to the six presented factors of the PESTEL analysis is the starting point of the global environmental analysis. Environmental scanning is one technique used by organizations to monitor the environment. The Dynamic Environment It is important to place equal emphasis on both the macro and micro-environment and to react accordingly to changes within them. The Marketing Environment Two key levels of the marketing environment are the micro-environment and the macro-environment. The Micro-environment The micro-environment includes the company itself, its suppliers, marketing intermediaries, customer markets, and competitors. The company aspect of micro-environment refers to the internal environment of the company. The Macro-environment The macro-environment...
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