Understanding the Business Environment Assignment

   

Added on  2021-06-17

9 Pages2810 Words51 Views
Running head: UNDERSTANDING THE BUSINESS ENVIRONMENTUnderstanding the Business EnvironmentStudent’s name:Name of the university:Author’s note:
Understanding the Business Environment Assignment_1
1: UNDERSTANDING THE BUSINESS ENVIRONMENTIntroductionIntroduction of globalisation and technology has been changing organisational cultureand individual behaviour in the workplace environment and as a consequence of this; HRexecutives of companies have to face a lot of issues and opportunities to cope with changingbusiness environment. The study aims to evaluate the issues faced by the human resourcemanagement for changing workforce and nature of work itself for the advent of globalisation andinformation technology. For making the study a specific one, the researcher entails the impact ofglobalisation and technological revolution on the environment and corporate culture andindividual behaviour and organisation. It is worth mentioning here that, HR executives need toadopt new competencies to support employees within the contemporary business environmentand hence, the study will evaluate main competencies that, the human resource executives needto escalate to support employee behaviour in the business context. Globalisation brought the changes in nature of work and workforceThe era has moved from Fordism to Post-Fordism and from industrialism to Post-industrialism and thus, new marketplace that prevails under Globalisation brings changes tonature of work and organisations (Shhehan et al. 2016, p.162). Thus, it is worth mentioning that,globalisation has brought changes in the corporate culture and changes in work practices andrequirement of employees in the workplace environment. The changes in corporate culture due toglobalisation are mentioned in the following section. Diversity brings flexibility: In the age of globalisation, organisations are going globaland hire employees from different regions as well as from different background. With the help ofpractice, people can solve problems differently and provide different opinion to heightenorganisational growth and hence, an organisation becomes able to manoeuvre aroundsuccessfully.Changes in morality: The diverse workforce changes the morality of people. As theorganisations are starting to hire people from different regions irrespective of caste, race, religionand socio-economic position, the workplace conflict arises (Boussebaa, 2015, 1218). This isbecause acceptable responses varied while having social interaction.
Understanding the Business Environment Assignment_2
2: UNDERSTANDING THE BUSINESS ENVIRONMENTEmployment condition: Pattern of specialisation in the organisations in terms of labourcosts, economic location is induced by technological progress and economic globalisation.Lower safety requirements, ban on trade unions and longer working hours are attractingmultinational enterprises and it may spur offshoring. This, in turn, changes employmentcondition in the source counties and this has recently been observed in some of the EuropeanUnion countries as regards of working hours. Further, the change in working hours and lowersafety makes the employees demotivated.Migration: A great number of people are now moving between country and continentsbecause organisations are going global and employees have to perform on a shift basis workingculture. As opined by Stone & Deadrick (2015, p.140), for OECD counties, it can be estimatedthat around 30% of migration is linked to labour. By the development of multinationalorganisations, key personnel have to move from, to and between foreign affiliates. As stated byBartram et al. (2015, p.140), in the developing countries, migrations may ease labour shortagesand it leads to organisational development in the developing countries. However, in thedeveloped countries, the situation is somewhat different. Migration may result in brain drain andorganisations may lower productivity. Technological revolution brought changes in nature of work and workforce This section deals with changing work culture and nature of workforce because of therevolution of technology and this advent of technology is reshaping the workplace environmentin terms of benefits and pitfalls. The technological revolution has entirely been changing workculture and the nature of the workforce and as a consequence, organisations are heighteningbusiness growth in terms of financial growth but sometimes they have to a lot of issues as well.Small and medium-size business are getting help from the accounting and marketing softwareand they become able to track clients and documents with the help of technology. It is worthnoting that, organisations are now able to mitigate the impact of the communication barrier,management barrier, task-performing barrier or the outsourcing barrier by the advent oftechnology (Al Ariss & Sidani, 2016, p.140). Internet and different types of software andapplications have made it possible for the business enterprises to stay focused on their objectiveswith no or negligible disruption in the day-to-day operational procedures.
Understanding the Business Environment Assignment_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Concept of Accessorial Liability and the Impact of the Fair Work Act 2009 on HR practitioners
|6
|1363
|381

Why do workers join a union?
|7
|2023
|112

Work and Organization System | Study
|8
|1487
|16

Business Law and Ethics in UK: Employment Law and Corporate Social Responsibility
|8
|2171
|168

Strategic Human Resource Management
|13
|2980
|47

Cross Cultural Management Research Paper 2022
|17
|5355
|28