ASSIGNMENT: Using your current work organization (or an organization of interest) and a second organization in the same industry as the subject matter, research the elements of business, compare and contrast the two selected organizations, and prepare an APA formatted paper that: Analyzes the basic legal, social, and economic environment in which the organizations operate Analyzes the managerial, operational, and financial issues impacting the organizations including: Company Culture and Performance Promotion Policies Strategic Decisions Making Decision-Making Style Management Style Leadership Style Communication Style Use of SWOT Tool Operations Strategy Framework Analyzes the impact of potential change factors as they relate to the functions of management for both organizations including: Changing External Conditions Analyzing Businesses NAME COLLEGE ABSTRACT Comparing two businesses can be a difficult challenge when looking at their elements. Finding things the businesses have in common can make the task easier, for example Best Buy and HHGregg are similar companies that sell similar products. When analyzing the two companies it can be seen that they are both very similar in the way they operate and do business. Analyzing Businesses Best Buy and HHGregg are both specialty stores that offer customers appliances, entertainment, home office items, electronics, and other services. Best Buy operates both domestically and internationally, however HHGregg is only domestically.
Describe the competitive environment in which the firm operates, the distribution of market power, and the strategic behavior of the firm and its competitors. Apply your knowledge of the theory of this company’s market structure. How does the company make pricing and production decisions? Is your observation supported by the theoretical models? Refer to the financial reports for illustration.
Why? DQ 3: What are two platforms that business leaders can use to demonstrate and articulate their purpose, principles, and values? Discuss them. DQ 4: Do you think consumers hold companies responsible for their actions? Why is it important to have a corporate code of conduct?
1. Explain, in the context of meeting organisational needs, the difference between managers and leaders. Submit your answer for assessment. 2. How do you perceive the role of a business/ organisational manager, ie what things does a manager need to do and what resources do they draw upon?
Industry structure is categorized on market structure variables, which are believed to determine the extent and characteristics of competition. Those variables, which have received the most attention, are number of buyers and sellers, extent of product substitutability, costs, ease of entry and exit, and the extent of mutual interdependence [Baumol, 1982; Colton, 1993]. In the traditional framework, these structural variables are distilled into the following taxonomy of market structures: These four market structures each represent an
Student ID Number: (ID number only and NOT your name) 8. Date of Submission: (date) * Include a word count at the end of your report. Submission Deadline: Draft report - Friday, 5/6/2015, 3pm to Academic Services. (If your draft report is not submitted by the deadline - only 95% of the final report mark will be awarded) You will also need to submit ONE electronic copy to your tutor via Turn It In. Final summative report - Monday, 15/6/2015, 3pm to Academic Services.
Why consider an organization’s approach to IM/IT resources and services as an exercise in portfolio management? •forces you to relate specific IT investments with the associated business need(s) and value propositions •provides a framework and standardized lens for the assessment of all IM/IT investments as well as measures for valuing those investments •focuses on a methodology for the valuation of IM/IT projects that connects well with the understandings of enterprise business leaders and IT governance •allows for year to year measurement of changes in IM/IT investments versus the impact (attributed results generated) by those investments •allows for qualitative if not quantitative comparisons between various IM/IT investments pursued by business units within the same enterprise and conceivable between competing businesses within the same industry How does an IM/IT portfolio management methodology help to serve the needs of the greater organization and facilitate a better appreciation by the business of its IM/IT products and services? •the organization has the following information resource management needs: • o to transact o to manage, control, make tactical decisions o to innovate, transform, increase its strategic competitiveness o control costs and improve overall performance •the portfolio model tracks and measures IM/IT project and service value and performance in the very manner that the business thinks of and measures value in these and any other corporate investments; aligning the description of and thinking about IM and IT investments in this manner allows for a common basis for understanding •IT transactional value is all about cutting operational costs and/or improving the efficiency of existing operations. •IT informational value is all about enabling management, control, and decision making. •IT strategic value is all
Magdalena Herod B2108632 LB160 eTMA02 PART I Use the stakeholder model of business environments to critically examine the external environment of Asda Wal – Mart as outlined in the case of study. The stakeholder is a person, group or organisation who affects or can be affected by organisation’s actions. “The stakeholder analysis is a way of organising these people and groups into stakeholder’s categories according to the level of their interest in the organisation and their power to influence it.” (LB160 course glossary p.23) Very common method to indentify stakeholders is creating stakeholder matrix (Figure 1). It illustrates the relevant stakeholders and shows theirs power and interest in the organisation. | | Interest | | | | High | Low | Power | High | (stakeholder(s)) Sam Walton customers | (stakeholder(s)) | | Low | (stakeholder(s)) competitors employees suppliers trade unions | (stakeholder(s)) Chambers of Commerce | Figure 1.
Unit 1: Business Environment ASSESSMENT: 1 ASSESSOR: MR.RAZA SUBMITTED BY: BMM TAMJID OXF 0081 TABLE OF CONTENT page LO1: 1.1 Identify the purposes of different types of organization 1.2 Describe the extent to which an organization meets the objectives of different stakeholders 1.3 Explain the responsibilities of an organization and strategies employed to meet them LO2: 2.1 Explain how economic systems attempt to allocate resources effectively 2.2 Assess the impact of fiscal and monetary policy on business organizations and their activities 2.3 evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization. LO3: 3.1 Explain how market structures determine the pricing and output decisions of businesses 3.2 Illustrate the way in which market forces shape organizational responses using a range of examples 3.3 Judge how the business and cultural environments shape the behaviour of a selected organization. LO4: 4.1 Discuss the significance of international trade to UK business organizations 4.2 Analyze the impact of global factors on UK business organizations 4.3 Evaluate the impact of policies of the European Union on UK business organizations. UNIT: 1 INTRODUCTION: The term Business Environment is composed of two words ‘Business’ and ‘Environment’. In simple terms, the state in which a person remains busy is known as Business.
Contents Task 1 3 1.1 Compare and contrast different organisational structure and culture 3 1.2 Explain how the relationship between an organisation’s structure and culture can impact on the performance of the business 3 Task 2 5 2.1 Compare the effectiveness of different leadership styles in different organisations 5 2.2 Explain how organisational theory underpins the practice of management 5 2.3 Evaluate the different approaches to management used by different organisations 5 Task 3 6 3.1 Discuss the impact that different leadership styles may have on motivation in organisations in periods of change 6 3.2 Compare the application of different motivational theories within the workplace 7 3.3 Evaluate the usefulness of a motivation theory for managers 8 Task 4 8 4.1 Explain the nature of groups and group behaviour within organisations 8 4.2 Discuss factors that may promote or inhibit the development of effective teamwork in organisations 9 4.3 Evaluate the impact of technology on team functioning within a given organisation 9 References 10 Task 1 1.1 Compare and contrast different organisational structure and culture Organisations usually include more than one people working for them. When is the case, each organisation needs to have a clear structure in order to have an organised work and assure that the information flow reach the right persons. There are several types of structures within organisations. * Tall structures – that includes many levels of employees, starting from top management, distribution manager, product manager, marketing manager, human resources manager, supervisors and workers that are organised in teams. The responsibility is spread within managers and from them to each individual.