Contemporary Developments in Business and Management

Contemporary
Developments in Business
and Management

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Primary External Influences........................................................................................................3
TASK 2............................................................................................................................................7
i. Influential Policies and Decision-Making Within Organization..............................................7
ii. Evaluate Effectiveness of Organization’s Response...............................................................8
iii. Demonstrate Some Areas for Improvement in Response......................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................12
APPENDIX 1.................................................................................................................................13

INTRODUCTION
Telecommunication is a way in which through transmissions signs, words, writings,
images, signals and sounds are sent so that communication within people can be maintained.
This process can be completed when there is a technology participating in it. Telecommunication
comes from a Latin word known as communicatio which was a social information exchange and
telecommunication is plural form of this which involves a lot of technological use.
Vodafone is a British multinational company which has its headquarters in London. This
firm was founded in 1991 and is a public limited company. As of 2019 establishment is going
into loss because of competition which business is making for themselves and it can be improved
if organization knows what drawbacks of Vodafone are. The report is going to cover external
factors which influence growth of organization and corporate social responsibility and
sustainability in market of company. These factors help establishment to know themselves better
for better improvement and growth of business.
TASK 1
Primary External Influences
PESTLE
It is very important to understand external factors which are influencing growth of firm
so that they can make their strategies accordingly.
Political Factors
 Company is having an advantage because government is supporting international
companies to invest, in which Vodafone is considering. Therefore, profit rates of firm is
stable. Organization has expanded itself in Africa, Middle East, Europe and Asia Pacific
(Greasley, 2017).
 Political governments of all countries around world have increased their taxes which is
making company demotivated for making a lot of profit like they used too before.
Government is also making a lot of laws for benefit of employees but that is creating a
negative impact.
Economic Factors
 Vodafone is paying wages in country to employees low because of high rates of
unemployment. There are a lot of people who willingly want to work in Vodafone

because they just want jobs and increase there income and have an improved lifestyle
which is making firm have a better profit economically (Harmon, 2019).
 Company will have to spend a lot to make 5 G come in a lot of countries and to get an
advantage Vodafone wants to be first one. Firm is investing in the latest technologies as
well which is coming in market.
Social Factors
 Society is getting technology amiable and it is very important for firm to target right
customers in organization. Organization is targeting lower and upper class so that they do
not have to face any troubles in getting more customers in business. There are a lot of
offers and discounts which is being served by company.
 Vodafone is providing customers with right services but competition is such in market
that business is not being able to grow since Vodafone is not being able to provide with
right measures. Culture of countries have to be considered by company while promoting
brand.
Technological Factors
 Experience in this industry does count and Vodafone know that there is a need of
innovation and creativity which can bring back there customers in firm. Technology will
give company a great advantage in market that competitors will not be able to make a
place like Vodafone in market.
 It is because competitors have found a new technology in market therefore Vodafone
could not maintain their customers loyalty in establishment. Technology is one factor
which is keeping company what it is today but if they do not get new technologies all
time then they will not be able to capture market like they did long back (Zavadskas and
et.al., 2016).
Legal Factors
 Vodafone is one of those establishments in market which makes sure that they are being
fair to all customers and employees of organization. There are health safety measures as
well which is making company have right employees working in business.
 Wage's law for employees is going to make company have a tough time and firm will not
be able to make as much as profit as possible. Organization is trying to follow all
measures and laws which countries have all around world because strategies of business