Several factors can be considered to be behind the changing trends that have been witnessed and that are yet to be witnessed at the local and global scenes. One of the factors that led to the changing growth pattern of the economy at the beginning of the millennium was the introduction of the emerging market into the world market. The increased industrialization in various countries like India and China led to increased demand for various products in those markets. Business organizations took the advantage of the available opportunities to invest in the given regions. These regions were attractive as there were still cheap labour and availability of the raw materials for the production companies. The increased employment rates in those regions initiated the economic growth. There was a rise in the in the living standards with more demand on products like energy and food in the region. This demand surpassed the supply of the products thereby forcing the prices of the products to rise. This could be the reason that led to economic recession towards the end of the last decade. Another factor that affects the economic growth is the competition that is witnessed among different organizations in the global markets. With the increased globalization, various organizations struggle to maintain their market position and have advantage over their competitors. One of the strategies that could be used to attract more consumers or to retain the customers of the organization is to lower the prices of their products. The cycle that will be formed eventually affects the economic growth in the regions. Another important factor relates to the ever-increasing world population. This leads to increasing demand for essential products that are necessary for human consumption. In effect, much of the population, especially in the developing nations, cannot obtain the basic human needs like food and shelter. The low rates of expenditure of such families have negative impacts on the regional economy. The economic changes that are witnessed in a business environment will have a direct impact on the operations of a given business organization. The achievements of the goals and objectives of a business organization will depend greatly on the response that the management of the organization gives to the changes in the business environment. A business organization that is to survive in the competitive global market has to be sensitive to the dynamics of the business environment and take the necessary steps before a competitor takes the advantage. In response to the changes in the business environment, a business organization can take several initiatives. These include reviewing the organizational structure, adopting modern technology in the operations of the organization, analysis of the environmental effects of the operations, putting much emphasis to meet the needs of the customers, and involving all the key stakeholders in the decision-making activities in the organization among many others. Peanut Butter & Co is a food company that was founded in 1998 by Lee Zalben. The company is situated in New York City and is known international for its peanut butter products that are now available in different flavors. This paper provides a look at three initiatives that an organization can take in order to survive in the future market namely corporate social responsibility, technological changes, and environmental impact
Running head: MANAGING FOR THE FUTURE Managing for the Future Insert Name Insert Insert July 13, 2011 Managing for the Future Case study: Facing the Future Introduction The global as well as the local economies in different parts of the world have exhibited changing trends in the past years…
In the paper, Ford Motor Company has been focused as the company in order to conduct the study. The study seeks to discuss about the role of managers in changing the entire management system to fulfill the aspects of changing business scenario. It also entails to discuss the impacts of changing management scenario on the company.
Several factors can be considered to be behind the changing trends that have been witnessed and that are yet to be witnessed at the local and global scenes. One of the factors that led to the changing growth pattern of the economy at the beginning of the millennium was the introduction of the emerging market into the world market.
In the 2006 annual report SABMiller outlined four strategic priorities upon which its success depended upon. These strategic priorities were to develop a strong relevant brand portfolio in the relevant market, constantly raising the performance of the local businesses, leveraging its global scale and creating a balanced and attractive global spread of businesses (Hal, 2002).
tion in future. An organisation in order to face the challenges and to maintain sustainability develops various strategies. In the paper, Ford Motor Company has been focussed as the company in order to conduct the study. The challenges that may be faced by Ford Motors in relation to its corporate social responsibility, crisis management and globalisation aspects have been highlighted.
agement Associates (HMA), a national health administration company that owns and operates in excess of 50 similar facilities located around the country. Since they were founded in 1977, HMA has experienced steady growth by focusing on a core group of hospitals located in rural
o take a note of Rupert Murdochs British operations, which started a way back in 1969 when the Mirror group wanted to relinquish from its mid-market daily newspaper The Sun. It is precisely at this time when Murdoch acquired it and made it thumping success with the passage of
Due to constant research and the technological advancement, new ways and techniques have been invented to breathe life back into Television usage (Institute for Innovation and Improvement, 2006) . One of the major
This drink does not contain alcohol. In today’s world soft drink is very popular. There is a huge demand and supply of soft drink which results into a tough competition. One of the big players of soft drinks is Coco cola. The
Indeed, employees’ performance is closely related to human behavior. Various internal and external factors influence and affect individual employee behavior. Arnold et al (2010, p.310) affirm that motivation has emerged as one of the leading factors
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