Argos Company Restructuring and Global Expansion Strategies

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Context of Business 1
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Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................4
Conclusion.......................................................................................................................................7
Reference List..................................................................................................................................8
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Introduction
The organisations in the modern time are compelled to amend the working condition for the
scenario created by markets worldwide, innovative techniques and high competition in the
industry. It also compels to doublethink and applies modern strategic plans in business activities
to secure a strong position in the worldwide market. The various components are that bring
changes in the businesses and compels to amend their way of operating business. Therefore, the
entity should adopt the practices of hiring the best resources, give them good pay package and
additional benefits so that they do not leave the organisation. In the respective study, the vibrant
changing and restructuring of Argos Company have been discussed. In addition to this, the
employee needs the firm's extension in overseas and the importance of ethical behaviour have
also been explained.
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Discussion
The micro and macro components of the environment affect the mechanisms of the entity. The
micro-environmental factors deal with problems arising from the public, raw material suppliers,
consumers, market intermediary like agents, distributors, the trade union of workers and rival
firms. The organisation aims at an increasing number of consumers (Lozano‐Sánchez et al.,
2017). Organisations look for achieving success in profitability and that comes from consumers.
The entity targets to make profits by meeting consumer’s demand and increasing their
satisfaction level. Suppliers contribute to the success of the firm by giving supply of proper
quality of products. Consumers choose to buy any product based on its quality. The public is
base of the society, so the entity should take care that their business operations do not affect the
lives of masses in a negative manner (Xu, W et al, 2019).
Above all that, market intermediary agents is the individuals that link the company to the
customers. They help the firm to sell, promote, deliver and distribute the products to the end
customers. They can be an agency specializing in distribution to deliver products to customers.
Many firms face complications to reach out to customers. At that scenario, the role and
importance of market intermediary become evident. The Staffs and employees produce goods
and provide services to the organisations. There is the security of job and position in case of
organised staffs when compared to the unorganised staffs. For this reason, unorganised staffs
join the trade union to get security. The trade unions become sub-portions of an entity as a union
leader protects interests and create a proper working environment that can result in an increase in
the production level of the entity. Lastly, the rival firms create competition in the industry by
performing similar operating activities to acquire market and increase profitability. Therefore,
the entity needs to perform activities to develop competitive ambience in the form of product
specialization, lowering of prices and application of advanced practices in the work environment.
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Figure 1: Micro-environmental Factors
(Source: Antikainen and Valkokari, 2016)
Macro environment factors have six major elements known as DESTEP. These elements are
related to public. The main reason for an organization to expand is public. The company needs to
keep an eye on any changes in demography. Economy is one of the elements of DESTEEP that
affects on the clients’ buying capacity (Hanson, 2019). Company should fix the product’s price
after surveying spending capacity of the public.
Socio-cultural forces are connected to the tastes of the common people (Ostiguy, 2017). Based
on that, a product should be eliminated or introduced. At present, to increase the productivity the
organizations take help of technological power which has changed the total business pattern
(Casio and Montealegre, 2016). The organization also needs Ecological forces. The natural
resources can alter an organization’s business method.
In order for an organization to run legally, the political forces which are a number of rules an
organization needs to follow are placed. The laws have prohibited any kind of discrimination in
the workplace.
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At the current scenario, Argos should concentrate on the elements that can have an impact on the
working criteria. It must not lose focus on the competitive companies and follow regulations to
avoid unfairness.
A company can have various requirements regarding economy, environment, culture etc to
achieve their goal. These needs help to have friendly behaviour among public. To preserve a
good morality and behaviour in the workplace, the organization must fulfil the needs. Social
needs are connected to society’s approval. Every employ needs to have a good relationship with
others to work as a team. In order to expand its presence globally, Argos requires building
network with many organizations. Cultural activities in the organization can help to built good
relationship between employees and employers it results a good teamwork. An organization
needs cultural activities to know cultures and society of people of different countries as knowing
about the cultures of different countries help a company to grow globally. Earnings,
compensation etc are known as the economic needs which are important for an individual to live.
An organization needs a good economic condition and workforce to earn profit.
Ethical behaviour is essential for the entity for success in the market. Hence, the Argos Company
should provide all the needs of its workers to fulfil their expectations and to meet the target of
the company. To ensure its success in the market, a company should concentrate on ethical
behaviour as well. Argos needs to make sure the employs are not being stressed out. Thus,
Argos should take care of need and expectations of the employees to move forward to achieve
the goal.
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Conclusion
Currently Argos must take care of a number of issues to enhance the productivity in order to
expand globally. Many things of environmental condition made Argos change the working
process. The company needs to concentrate on features such as public, new technologies, new
suppliers in order to raise productivity and increase revenues. This company should also
concentrate on providing all the possible amenities so as to the workers to meet their
requirements. When all the requirements made by the workers are fulfilled, the efficient workers
will continue to work for the company. After Argos fulfils the employees’ needs, employees will
be loyal to the company and motivated.
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Reference List
Antikainen, M. and Valkokari, K., 2016. A framework for sustainable circular business model
innovation. Technology Innovation Management Review, 6(7).
Cascio, W.F. and Montealegre, R., 2016. How technology is changing work and
organizations. Annual Review of Organizational Psychology and Organizational Behavior, 3,
pp.349-375.
Hanson, A.H., 2019. Public enterprise and economic development. Routledge.
Lozano‐Sánchez, J., Bendini, A., Di Lecce, G., Valli, E., Gallina Toschi, T. and Segura‐
Carretero, A., 2017. Macro and micro functional components of a spreadable olive by‐product
(pâté) generated by new concept of two‐phase decanter. European Journal of Lipid Science and
Technology, 119(1), p.1600096.
Ostiguy, P., 2017. A Socio-Cultural Approach. The Oxford handbook of populism, p.73.
Xu, W. and Wu, Y., 2019. Piezoelectric actuator for machining on macro-to-micro cylindrical
components by a precision rotary motion control. Mechanical Systems and Signal
Processing, 114, pp.439-447.
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