Hrm 531 Week 2 External Analysis

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Week 2 group assignment Intro I. Internal and external factors of influence. The world of business has undergone drastic and impressive changes in the last decade. Changes present astonishing challenges for the modern-day manager. A manager is an organizational member who is responsible for planning, organizing, leading, and controlling. We chose Gap Inc as the company we are going to discuss. Since July 1969 When Donald and Doris Fisher had an idea to simply open a store for consumers to buy jeans and records in San Francisco, the company today now has approximately 3,100 stores and currently operates five of the most recognized apparel brands in United States, Canada, the United Kingdom, France, Ireland and Japan— Gap, Banana Republic,…show more content…
External factors of influence are the stakeholders. They are a fundamental part of the company’s social responsibility. Stakeholders provide their expertise in areas where the company lacks experience. They serve as the eyes and ears in communities where we may not have direct visibility into sensitive issues. “Time and Time again, we have seen how listening to a diversity of voices has brought us closer to our goals— for our company and for the workers who produce our product” (gap Inc). The Gap stepped forward to collaborate with organizations and other groups such the International Labor Rights Forum (ILRF), As you Sow; Center for Reflection, Education and Action (CREA) and the Interfaith Center on Corporate Responsibility (LCCR) to address child labor issues in Uzbekistani. Moreover, The Gap permits them to allow feedback from stakeholders, employees, customers and communities by offering an email on their company website asking how they are doing; Social_Responsibility@gap.com. With the external factors of influences the internal factors of influence examine how the financial analysis, human resource assessment, marketing audits, and operational analysis perform. Based on the 2009 financial highlights. The 2009 Revenue was $14.2 billion. The 2009 Earnings per share are at $1.58. The net sales by Division show the Gap North America generated $3.8 billion dollars. Banana republic North America earned $2.2 billion. Old Navy earned $5.3 billion and Gap Inc direct…show more content…
Gap Incorporated managers have to manage the cost of clothing manufacturing and distribution. In the clothing industry, companies have managed to cut cost by manufacturing globally. Clothing manufacturing is typically sourced internationally. Unfortunately, this practice has reduced the workforce here in America in this industry and moved jobs to China and other countries. Gap Incorporated has to be socially responsible corporation. Gap website (2010) states that socially responsibility is essential to their business
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