Management and Organisations

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MANAGEMENT AND ORGANISATIONS
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MANAGEMENT AND ORGANISATIONS
Contents
Executive Summary.........................................................................................................................3
Introduction......................................................................................................................................3
Critical Analysis and Discussion.....................................................................................................4
Conclusion.......................................................................................................................................8
References........................................................................................................................................9
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MANAGEMENT AND ORGANISATIONS
Executive Summary
Modern day business firms are greatly influenced by the several internal and external factors
creating immense pressure on the various organizational process, organizational procedures,
productiveness of the organization, administration of the organization and the pricing strategies
adopted by the organizations. The internal and external environment which challenges the
change management approach and the systems also affects the employees of the organization, the
production capability of the organization and the performance of the organization.The two main
constraints which are faced by the Board and the executive management of an organization while
planning the future direction of the organization in the prevailing business environment are
mainly competing pressure and flexibility towards newer technology in the organization.
Therefore, an organization needs to constantly arrange for funds and capitals in order to meet the
newer technological advancements and materials which will enable them to modify and improve
their product and its performances An organization also requires to embrace new technological
equipment which are considered particularly ahead from their competition and therefore they
also require proper adaptability skills and techniques.The main strategic opportunity which is
faced by board members and executive members during development of future directions and
strategies is regarding the evolution of goods and/or services of the organization in order to gain
advantage in the market over the competitors.The other strategic opportunities which are faced
by the board members and the executive management of an organization while devising future
strategies and directions is regarding the development of the resources and procedures of the
company in order to attain the futuristic strategies of the firm and to assist the organization in its
future direction.
Introduction
All businesses irrespective of their size, type and industry has their individual strategized
management system which significantly contributes in accomplishing their goals and objectives,
cater to the enhancement of performance and productiveness. The key work force of an
organization namely the board and executive management of the organization helps to gear up
the firm in terms of meeting the needs and requirements of their customers. Management is
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MANAGEMENT AND ORGANISATIONS
widely perceived to be the analysis and execution of effectual planning, organization and taking
control of the businesses productiveness, employees’ performance, and evaluation of the
availability of resources in the organization and accomplishing the organizational goals. One of
the significant liabilities of the board and the executive management of the organization is to
devise strategies regarding the training and development of the employees and devising
workplace strategies which will enable the employees to perform the organizational processes in
an efficient manner and will also help in inspiring the employees to achieve the goals of the
organization. The current report focuses on the various constraints and opportunities which are
faced by the board and executive management of organizations while planning the future
direction of the organization.
Critical Analysis and Discussion
Modern day business firms are greatly influenced by the various internal and external factors
which contribute in creating pressure on the various organizational process, organizational
procedures, productiveness of the organization, management of the organization and the pricing
strategies adopted by the organizations. As stated by Alkaraan (2016) the internal and external
environment which challenges the change management approach and the systems also affects the
employees of the organization, the production capability of the organization and the performance
of the organization. The creation of organizational pressure results from social, economic,
strategic, operational and technological changes thereby, generated either with or within the
organization. Organizations require meeting the changes and challenges in the area of macro-
economics, technological production and advancements, globalization, legal and political factors
and domestic and global competition. According to Kaufmann &Gaeckler(2015) the changes in
an organization are caused due to immense pressure from the internal and external environments
which affect the planning process of the organization, entrepreneurship approach of the
organization, management of the organization, restructuring of the organization, training and
development approach adopted by the organization and the work performances of the employees
of the organization.
According to Meyerowitz, Lew &Svensson(2018) the two main constraints which are faced by
the Board and the executive management of an organization while planning the future direction
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