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Contemporary Management Issues

   

Added on  2023-01-11

15 Pages5292 Words49 Views
Contemporary
management issues

Table of Contents
INTRODUCTION...........................................................................................................................1
The fact that in today’s dynamic business environment (due to innovation, globalization etc),
change is inevitable................................................................................................................1
Based on the case study, identify and explain the drivers for change. Where the pressures for
change are coming from and what their impact is on Mothercare.........................................4
To effectively complete 2 above, detailed PESTLE analysis, based on a case study provided,
to guide them to evaluate the business environment in order to gain a good understanding of
current issues (such as innovation, technology) which may impact current business decision
making at Mothercare.............................................................................................................8
Challenges faced by Mothercare and different factors on which it has to focus upon for
enhancing profits..................................................................................................................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Contemporary management is termed as a strategic tool of management that are being
undertaken by managers and leaders of business organisation as to effectively monitor and
control different type of commercial activities like e-commerce, globalisation, total quality
management, human resource management, project management and more. In this dynamic
environment organisations are required to duly manage contemporary issues through which they
can handle team and individuals in organisational workplace structure in effective manner. For
this with the evaluation of theories of management and philosophies entity can effectively serve
employees and customers in a well define manner (Shet, 2020). Present report has been
conducted on mothercare, this firm operate their functioning as a British retailer and offer their
product and services specially for expectant mothers. In addition to this entity also offer products
for the children till the age group of 8 years. It has been evaluated that United Kingdom
subsidiary of Mother Care is having estimated number of 150 stores in 2017, however the
number reduced by 79 in the year 2019 in the month of November. Subsidiary gets duly placed
into administration that lead towards closure of all of their stores. The parent company is
providing products to supply franchisees in other countries, founder of respective entity, Selam
zilkha and James goldsmith. This company is operating online, on hire streets and in out of town
retail parks. Further this report includes information’s related to dynamic form of business
environment. In this report formative discussion has been made on drivers for change in
respective organisation. Along with this descriptions of challenges that are been duly faced by
mother care and other factors on which entity required to focus upon as to maximize the profit
are included.
The fact that in today’s dynamic business environment (due to innovation, globalization etc),
change is inevitable
It has been identified that business environment involve number of dynamic factors that
keeps on changing on continuous manner and act as a major threat for organisation this makes
entities to properly understand the manager in order to effectively respond towards changing that
are prevailing in business environment and came significant opportunities from them by
overcoming their negative an adverse impact on business functioning what is with the advantage
of efficient plants as well as Strategies and take and effectively able to minimise threat as well as
1

weakness and can you further ensure there student in this organisations is required to have proper
understanding related to different type of factors that are prevailing in business environment in
order to run their business operations in a smooth and effective manner for this by evaluating
different forces business organisation can save left formative strategies that further let them to
accomplish organisational goals in effective manner mentioned below there are certain dynamic
factors that can have significant impact on society and business is being define
Globalisation
Globalisation allows organisations to effectively identify number of opportunities
through which they can maximize their profit earning capacity. In this it is important for business
organisation to effectively undertake number of aspects as to evaluate the development,
democracy and expansion of free market economy. Globalisation involves different types of
complex factors that are required by an organisation to analyse, as these factors can impact upon
decision making process of entity (BUL, 2020). In this factor like democracy combination as
well as expression of free market economy is having significant impact upon business expansion
in foreign market place. Further it has been evaluated that with having complex structure
globalisation not only affect organisation decision making process but it can also impact upon
smooth functioning of small as well as medium enterprises. Globalisation has significant impact
upon business life, economy, society and environment in number of manner. In addition to this it
has been identified that there are number of ways through which an organisation can effectively
deal with challenges. In context with MotherCare, it is essential for entity to effectively
understand the concept of globalisation along with its impact upon organization profit and
revenue earning capability. Globalisation can also impact upon overall sales of organisation, as
in this there is fierce competition prevailing among different organisation related to use of
technology, price of product and target market. Along with this, it has been identified that
customers are having high expectations from Mothercare in terms of affordable price, high
quality of product and services. Thus, it is essential for respective organisation to emphasize
upon preferences, prize, product and purchasing behaviour of customers in order to maximize
their performance and sales in global market.
E-commerce: It is a platform in which wide range of products and services are being sold by
organisation to customers with the use of internet services. It allows individuals from different
locations to involve in the process of e-commerce trading with the access of internet. It has been
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