Contemporary Management Issues: A Case Study of Argos Organisation

Contemporary Management Issues

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Key dynamic forces.....................................................................................................................3
Critical evaluation of relationship between forces in decision making.......................................5
Evaluation of organisation’s responses to dynamic forces..........................................................7
Decision making tools.................................................................................................................8
Contemporary management issues............................................................................................10
CONCLUSION..............................................................................................................................12
REFRENCES.................................................................................................................................13

INTRODUCTION
Contemporary management issues refer to issue that affects people working in an
organisation. These issues remain unresolved and it is not good for growth of company. There
are some management issues which is faced by managers like, uncertainty about the future,
regulations and compliance, shaping company culture, recruiting and selecting employees,
wellbeing of workers etc. These are some management issues which is faced by organisation
(Tomislav, 2018).
This report will lay emphasis upon case study of Argos organisation. Argos is a retail
industry which was founded in year 1972 by Richard Tompkins. It serves United Kingdom and
Republic of Ireland. It provides consumer products and good quality products are delivered to
consumers. Sainsbury is a public limited company founded in year 1869. It is also a retail
industry which provides consumer products and serves area of United Kingdom. The report
examines, key dynamic forces impacting on business and society, evaluation of such forces in
effective strategic decision making. Further, decision making tools to address contemporary
drivers for change. Evaluation of an organisation response to dynamic forces in contemporary
business world. Application of effect of corporate response to contemporary management issues
and analysis of relevant theory to support identification.
MAIN BODY
Key dynamic forces
There are some key dynamic forces impacting on business and society like, technical,
political, economic and social forces. In this fast moving world, competition is increasing and
every organisation want to earn profit so they make better plans and face contemporary issues.
Technology is changing rapidly and it is difficult for organisation to implement new machines.
Nowadays, choice of customer is changing and they want new & innovative product so that their
needs can be satisfied. For manages of a company, it is difficult to identify taste and preference
of consumers and make products accordingly. Dynamic forces impact business and society
because trends are changing and customers want good quality products at low prices (Perera,
2017).
PESTLE Analysis

Every firm want to earn profit by creating good image in market and providing quality
products at low prices. Key dynamic forces are, technology, social, political and economic force.
These forces are faced by every organisation because it is common and managers have to make
plans or strategies so that they can perform better than others and gain competitive advantage in
market. It is essential to find solution of problems face by company and focus on accomplishing
goals and objectives of company.
Political force- Political force is another important dynamic force that means some rules and
regulations which is made by government and organisations have to follow it. Political force
impact business and society because if rules are applied in an organisation then it satisfies needs
of employees and create positive image in minds of customers (Nandonde, 2019). In Sainsbury
company, rules and regulations are applied which is followed by every employee and it helps in
creating positive & healthy environment within the company.
Economic force- Economic force means factors which help managers to determine competitor’s
strategy or plans. It is essential to identify factors that can affect performance of company and
make better plans to gain competitive advantage and build good image in market. In economic
forces some factors are included like, unemployment level, inflation rate etc. This is one of the
key dynamic force which can be an issue for managers (Namany, Al-Ansari and Govindan,
2019). Managers of Sainsbury company conduct market analysis before making any plan or
strategy so that they can perform better than other companies and create positive image in minds
of customers. For achieving targets, it is important to identify plans or strategies which is applied
by competitor’s.
Social force- Social force affect business as firms have to make products as per the needs of
people living in society so that their needs can be satisfied and more revenue can be generated by
company. For gaining competitive advantage in market, managers have to provide good quality
products to customers and satisfy their needs. Products should be made after analysing market
situation and choice of customers because it helps in earning more profit (Islam and Mamun,
2017). So, this is a challenge for managers of Argos company to make good products which
satisfy needs of people living in society.
Technology force – change in technology is one of the main dynamic force that affect firms day
by day and for all firms it is not possible to buy new machines for making innovative and
creative products. This force affects society also because people want good quality products at