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Contemporary Management Issues

   

Added on  2023-01-11

16 Pages5383 Words23 Views
Disease and DisordersPolitical Science
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Contemporary
Management issues
Contemporary Management Issues_1

Contents
Introduction.............................................................................................................................................3
MAIN BODY..........................................................................................................................................3
Dynamic forces influencing on business & society.................................................................................3
Evaluation of relationship between dynamic forces associated with strategic decision making..............4
Briefly provide evaluation of enterprise response to key dynamic forces in contemporary business
world.......................................................................................................................................................5
Select and discuss the Decision-making tool for the drivers of change...................................................7
Evaluate relevant theory foundations to support application of effect corporate responses to
contemporary management issues...........................................................................................................9
CONCLUSION.......................................................................................................................................9
REFERENCES..........................................................................................................................................10
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Introduction
In the dynamic business world, the competition has become difficult as there is high level
of risk and uncertainty present in the business. In order to survive in the business this is essential
for the company to develop the sustainable business model which help in providing better
opportunity to achieve desire aims and objective in a well define manner (Bertazzoni and et., al.,
2019). The present report is based upon Mother care which deals in the baby care product and
the company headquarter is located in UK. Furthermore, this report describes about the various
dynamic forces which impact the business as well as the society in a well define manner. This is
essential for the business to achieve the strategic forces which help in making effective decision
for the growth and development. This is essential to select the business and provide drivers to
change and make effective decision for the growth and development. Apart from this, there are
different relevance with the contemporary management issue.
MAIN BODY
1. Dynamic forces influencing on business & society
Due to globalization and innovation the company have to manage and look after the
different aspect which is associated with the different aims and objective. So, this is essential for
the management of the company to manage the operation providing better outcomes for the
society. In addition to this, it is vital for the company to make changes in the rules and regulation
for the betterment of the business and society. In the context of Mother care the business needs to
be managed effectively as this help in providing better opportunity to expand and explore the
business effectively. Here are some of the dynamic forces which are used to influence the
business and society in a well define manner.
Political forces: This force consist of different aspect which is associated with the
current political condition of the country. There is different element which are political stability,
trade barriers, policies and rules for operating business activities. For the company like Mother
care the company can conduct the business activity in the nation as this help in providing better
are the nation like UK have laws which are beneficial for the company to earn more profit. For
example, due to BREXIT UK have to face loss the business as most of the customer which are
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associated with the company where from the European Union (Borowiecki and Siuta-Tokarska,
2019). Hence the UK government also support the business by providing financial support which
help in increasing the sales and profitability in a well define manner. So, the management have to
put emphasis on the working condition and bring out effective alternative which help in
achieving desire aims and objective so the firm can achieve its common goal and benefit the
society.
Social forces:Forces which are derive from the society which determine the individual
beliefs, norms and culture as well as ethnic background. The needs and wants of the company
keep changing as this provide better opportunity to accomplishing the desire aims and objective
in a well define manner. So, the company like Mother care have to focus on social factor which
help in attracting more and more customer in the well define manner. The UK society is more
towards the healthcare which help in providing better market share in a well define manner. The
manager of the company has to look into different factor which are associated with the society
and try to transform the product and service as to develop effective market in the shorter time
span. This is essential for the firm to conduct proper research which help in making changes for
the improving the product quality and changing mindset of the society.
Technological forces:The technology have changed in the recent years as it has seen a
massive growth. With the assistance of the advance technological the company and develop
innovative products and able to increase the sales in a well define manner. Apart from this, it
able to increase the customer base which aid in improving the sales. The forces have emerged in
UK as the people are used and focus more towards more the technology driven product. The
people are more centric towards using more technology which help in providing better
opportunity to use product. In the relation of Mother care the company have to use different
technology and use of online marketing which able to increase the overall sales effectively.The
company have to focus on achieving the desire outcomes as this is essential to reduce all kind of
risk and uncertainty,so this is essential to increase the desire aid and technology.
Economic forces:This is considered as the most effective forces as this describe about
the different aspect which is related to the inflation, recession and many forces effectively. This
is vital for the company to invest after analyzing the different aspect of nation which help in
providing better opportunity in a well define manner (Boella, and Goss-Turner, 2019). The
nation like UK is been developed and have people who are working as the white-collar job.
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