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Contemporary Management Issues : Assignment

   

Added on  2020-06-04

9 Pages2695 Words111 Views
.Contemporary ManagementIssues
Contemporary Management Issues : Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK .............................................................................................................................................1Dynamic forces which impacts on business and society .........................................................1Evaluating relationship between factors to take effective decision..........................................4Decision making tools to address contemporary drivers of change...........................................5CONCLUSION ...............................................................................................................................6REFERENCES................................................................................................................................7
Contemporary Management Issues : Assignment_2
INTRODUCTIONContemporary issues are problems,events,ideas and opinions which are important inpresent era and needs to be solved. These matter needs to be solved through discussion or debate.This is important so that firm can take relevant decisions.. Project discusses about the Unilevercompany which is founded in U.K(Albrech, 2011). It is a household industry which providesfoods,beverages etc. It is founded in 1930. Report explains about key dynamic forces whichimpact business,relationship between such forces so that effective decision making can bedone,evaluation of company's responses to key dynamic forces,selection and use of decisionmaking tools to address contemporary drivers such as social change,international dimensions andsocial and cultural diversity. TASK Dynamic forces which impactson business and society There are various dynamic forces which can impact on the business andsociety(10 FORCES THAT IMPACT BUSINESSES, 2018). Forces which influenceUnilever company are-Market needs – These are the forces which can affect demand of goods andimpact on prices of goods. Consumers needs are changing continuously so firmcreates goods according to needs and demand of all consumers. There are variouschanges in plans and policies of competitors so Unilever has to change in thepricing, distribution and other policies according to competitors' strategy.Organization can create changes in supply strategy according to changes in marketsupply strategy. Thus company can create different and unique products and thuscan satisfy the customers. Technological forces – There are various changes in technology inenvironment. Advanced tools and methods are used by other rival firms intransportation and other processes (Cherry and Jacob, 2016). So hence company needs1
Contemporary Management Issues : Assignment_3

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