Contemporary Views on Motivation – Introduction to Business
Added on 2019-12-18
18 Pages5828 Words251 Views
Contemporary Developmentin Business and Management
EXECUTIVE SUMMARYAlpha manufacturing have implemented the technology with an aim to increase theproductivity and sales but it has issues in relation with employees motivations as all theemployees within the firm will not be able to adjust with the changes that management wants toadopt. Technology is the greatest support in today's competitive world. Alpha manufacturingcompany has implemented new technology to produce metal shelves and platforms, which needstime and money both. It has become a defining force for people’s lives and it is relevance inspreading it virtually in every field in either or different way. The analytical tool that is Porter'sfive force can be used for understanding areas that require technical interference. Moreover,several external factors that influence business environment must also be analysed forunderstanding implications of technology.2
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................4TASK 1............................................................................................................................................42.1 Political..................................................................................................................................42.2 Economical............................................................................................................................42.3 Socio-cultural.........................................................................................................................52.4 Technological.........................................................................................................................62.5 Legal......................................................................................................................................62.6 Ecological (Environment)......................................................................................................72.7 Porter's five force model........................................................................................................7TASK 2............................................................................................................................................91. Relevance to the organization and influence on policies and decision making withincompany.......................................................................................................................................92. Critical evaluation of effectiveness of the organization's response.......................................103. Areas of improvement in the response of the organization ..................................................12CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................16APPENDIX....................................................................................................................................183
INTRODUCTIONBusiness development is often perceived as earning profits and recognition which is quiteincorrect. When a company experiences both internal and external progress then it is said to becompletely developed. In this report certain developmental aspects are elaborated with referenceto Alpha Manufacturing Limited. This company mainly deals in manufacturing and fabricationof various metallic objects. PESTLE and Porter's five force models shall be applied to thecompany's structure and functioning. Strategies and action plans can only be designed andimplemented when organisation has complete knowledge about internal and externalfunctioning. This report will cover all these aspects and help in evaluating impact and relevanceof technological change on functioning of Alpha manufacturing. TASK 12.1 PoliticalPolitical environment is a part of macro business environment. There are certain policiesand regulations which are established by the government. Such regulations and legislations arecompulsorily followed by every business and non-business organisation. At times, governmenthas to make certain changes in laws for the benefit of the country (Bernstein, 2015). The impactof political changes can be adverse or positive for Alpha manufacturing depending on the needof situation. European Union Commission is the legislative body that has been functioning toregulate activities of member states and their competitive businesses. 'All the political branches that is legislative branch, executive branch and judicial branchsupervise certain laws. Alpha manufacturing is a private sector company. Although it cannot becompletely governed by the company but it has to follow the legal structure that is devised inUK. Hence, the company is subjected to political influences like changes in tax structure,economic budgets which are annually declared and several competitive laws which are devisedby EU Commission. 2.2 EconomicalEconomic welfare is the major objective of Alpha manufacturing. It has been functioningto provide great quality services and economic stability to the country (Gilpin, 2016). There arecertain components of economic factors that affect external business environment of the4
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