|Learning objective |Place in Assessment | |1.1 Explain reasons for change in a business environment |Question 1 Page 1 | 1. Explain why change happens in a business environment. You should include at least three reasons for your answer. [1.1] Within a business organisation, there are various factors that can influence changes in a business environment, for example, there are external pressure and internal demands. Those influences can be measured by using the PEST analysis acronym that is the Political, Economic, social and technology.
B. corporate culture can be managed by directly modifying the observable culture, shared values, and common assumptions that deal with issues of external adaptation. C. good managers are able to help build resilient cultures in situations where the features of strong cultures are absent. D. corporate culture can be managed by using organizational development techniques to modify specific elements of the culture that address both external adaptation and internal integration. 5) The __________ culture includes the unique stories, ceremonies, and corporate rituals that make up the history of the firm or a group within it. A. observable B. shared C. latent D. common 6) Organizations are encouraged to develop a dominant and coherent set of __________.
* Retailers- There may be owned by the manufactured or independent of the manufactured. They sell directly to the consumer to make a profit. Sometimes they buy products directly from the manufactures. * Wholesalers- These range from cash and carry outlets, which offer minimal service, to full function wholesalers, which provide credit, delivery and technical advice. * Jobber- these may represent the manufacturer, retailer or the wholesaler.
It is the relationship between organizational culture and ethics that can get businesses into significant trouble in the long term. An organizational culture that supports uncertain decisions and unethical behavior will need to change its culture. When changing business, organization culture is problematic, but
The secondary sector - The secondary sector processes the raw materials that come from the primary sector. The secondary industry includes manufacturing (e.g. cars, tinned food, steel) and construction (e.g. building houses, factories, roads). The tertiary sector - this is the service sector which provides services (like banking) to businesses in the primary and secondary sectors and so helps them to sell their goods, e.g.
Retail is the sale of goods and services from individuals or businesses to the end-user. Retailers are part of an integrated system called the supply chain. A retailer purchases goods or products in large quantities from manufacturers directly or through a wholesale, and then sells smaller quantities to the consumer for a profit. Retailing can be done in either fixed locations like stores or markets, door-to-door or by delivery. Retailing includes subordinated services, such as delivery.
Critical Thinking Application Paper Critical thinking is the process of analyzing information and ideas to reach the best solution to a problem. Using good judgment along with information gathered from credible sources before making any conclusion is also part of thinking critically. Critical thinking takes in-depth analysis using a decision-making process to process the information. The characteristics of critical thinking are the use of rational and logical thinking to gather information and ideas in order to reach a decision. Critical thinking is important in business because decisions have to be made using facts and those decisions can affect the business and many or all of its workers.
The environmental scan provides information about the present status of KFF and displays the internal and external environment of the business. The internal environment consists of the strengths and weaknesses of KFF. The external environment pertains to the opportunities and threats of KFF. KFF is experiencing growth at this time but the company has to be aware of the industry it
SWOT Analysis BUS/210 Foundations of Business A SWOT analysis is similar to an incident action plan that can be used to asses the strengths, weaknesses, opportunities, and threats that may impact my business. It involves me identifying the goals that I have set for the business along with factors that are external and internal. These factors can have direct impacts to the business; the impacts can have a negative and positive effect. I identifying the strength, weaknesses, opportunities and threats can put me at an advantage to modify a course of action. The sample business plan that I selected is the Personal Event Planning business plan.
“SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieve that objective.” (Buchbinder & Shanks, 2011). Strengths: characteristics of the business, or project team that give it an advantage over others. Weaknesses: are characteristics