Management Definition & Meaning | Assignment Here

Running Head: MANAGEMENT
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MANAGEMENT

MANAGEMENT
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Summary
Magna International is known as the Canadian mobility technology organization for automakers.
In 2019, it has become one of the biggest organizations in Canada. It is also recognized as the
largest manufacturer of automobile parts within North America through the sales of unique
equipment parts. The company supplies its parts to General Motors, BMW, Tesla Motors,
Mercedes, Volkswagen, Ford motor company, and many others. This report will explain that
organization by applying the strategies on SWOT analysis will become more capable to take
advantage of strengths and opportunities and minimize the threats and weaknesses. Further
discussion will explain environment constraints that will include the organization's PESTLE
environment. It will help the business to make the changes according to the business
environment. This report will discuss the organizational structure and design. It describes the
methods of business to manage organizational design and structure. The report covers
Hertzberg's two-factor theory which is effective to motivate employees and gain the desire
objectives in a competitive environment. In the end, the report will provide the recommendations
which are necessary for the progress of the business.

MANAGEMENT
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Table of Contents
Summary.................................................................................................................... 1
Introduction.................................................................................................................... 3
SWOT analysis – Formulating strategies................................................................................3
Strengths.................................................................................................................... 3
Weaknesses................................................................................................................. 3
Opportunities............................................................................................................... 3
Threats....................................................................................................................... 4
Environmental constraints.................................................................................................. 4
Political factors............................................................................................................ 4
Economic factors.......................................................................................................... 4
Social factors............................................................................................................... 5
Technological factors..................................................................................................... 5
Legal factors............................................................................................................... 5
Environment................................................................................................................ 5
Stakeholders................................................................................................................... 6
Employees.................................................................................................................. 6
Customers.................................................................................................................. 6
Communities............................................................................................................... 6
Shareholders................................................................................................................ 6
Organizational structure and design...................................................................................... 7
Motivational theory.......................................................................................................... 8
Control & recommendations............................................................................................... 8
Conclusion.................................................................................................................. 9
Bibliography................................................................................................................ 10

MANAGEMENT
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Introduction
This report will provide information about Magna International. This will include the
SWOT analysis which works for the business to identify and implement the strategies to gain a
competitive advantage and increase the base of customers within the organization. Environment
constraints describe the factors which affect the business and run the business activities to ensure
long-time stability. The discussion will cover the analysis of stakeholders such as employees,
customers, communities, and shareholders. This discussed that shareholders are important for the
business as it helps to plan the financial conditions and business operations. Further discussion
will cover the organizational structure and motivational theory for the engagement of employees.
SWOT analysis – Formulating strategies
SWOT analysis is effective to analyze the competitive advantage of sources (Mathur, &
Agarwal, 2016).
Strengths
Benefits of strengths such as product portfolio will be taken by the organization through
improving the communication, collaboration, prioritize the focus of products, and improve the
investments of products by ensuring the alignment of product investment with objectives of a
business. Authentic suppliers will help to build a good relationship with suppliers and minimize
the issues regarding availability and delays of products.
Weaknesses
The high attrition rate within Magna International will be minimized by offering the
employees regular training through programs that increase the skills and help them to gain a
good position with an increased salary. The organization should plan the financial budget as per
the last year's performance and competition it will help the business to manage the financial
inefficiencies.
Opportunities
This is very important to take advantage of opportunities to gain success (Nikjoo, &
Saeedpoor, 2014). The organization should connect the different zones with the expansion of
business activities to deliver services as overall increase the organization profits. The use of new