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Contemporary Management Issues Assignment (Doc)

   

Added on  2020-09-08

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Contemporary ManagementIssues- C1
Contemporary Management Issues Assignment (Doc)_1

Table of ContentsINTRODUCTION ..........................................................................................................................1Main Body.......................................................................................................................................1Exhibit an understanding of the key dynamic forces impacting on business and society..........1Critically evaluate the relationship between such forces in terms of effective strategic decisionmaking process. ..........................................................................................................................2Evaluation of Walmart's responses to key dynamic forces in the contemporary businessworld. .........................................................................................................................................3Decision making tools to address contemporary driver for change ...........................................4Theoretical foundations to support the identification and application of effect corporateresponses to contemporary management issues..........................................................................5CONCLUSION ...............................................................................................................................6REFERENCES................................................................................................................................7
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INTRODUCTION Contemporary management issues have arisen as a result of past and current issues willemerge the current thinking and practises. Present report based on contemporary issuesmanagement which affects the business environment and society. There are different factors willbe discuss in this project which affects the growth of organisation or society. Furthermore, it willdiscuss on the basis of three models Hofsted, Porter's five forces and social changes. Thesemodels are the tool to identify the changes and affecting factors. Further, it will also discussabout the cross-cultural communication, values and social beliefs. Along with that some factorswhich affects organisation and society behaviour. These all factors helps to determine themanagement issues. Moreover, it will also look upon the issues which affect the environmentalfactors. In order to overcome from those issues what steps will take by the company will alsoexplain in the report. Main BodyExhibit an understanding of the key dynamic forces impacting on business and society.There are several factors which affects organisation or society factors and give adverseeffects to the organisation culture there are some factors which affects external and internalfactors (Alfirević, 2015). Along with that, this factors changes the needs and wants of theorganization and societies. There is the model of porters five forces which affects theorganization as well as society. Porter's five forces ModelThreat of new entrants: this is the first model of forces, this is the most challenging andcompetitive factor which affects existing firms or organisation When organisations are competedwith the same market they facing challenges and issues as well (Cherry and Jacob, 2016). Othernew organisation also think to enter into the same market, these kinds of things create futurebarriers. On the other side, society has also affected by the new entrants. Their choices oralternatives has been increasing due to which they get confused among the several products andservices. Threat of substitute products and services: this is the another threat which affect thefunctioning of organisation. In which customer switch from business to another business. Theycompare the prices with other products and selects whichever is better. This possible impactsaffect the growth of existing companies. This force includes witching costs which affect business1
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