The four functions of management play a key role when a company is thinking about globalization or thinking on expanding their business in another country. Wal-Mart for example needed a lot of research and planning prior to taking their business to China. They had to figure out what type of customers they would be selling to and what type of merchandise they are into. Once that information was gathered, some person or a group of people had to be in charge of organizing all the data from the research that was conducted. A plan of action needed to be established and executed. Someone then over saw and directed the plan and controlled the operations. The internal factors that are important for every function of management to flow correctly and without hesitation are a company’s team member. From the R&D department, to the head management and CEOs. Everyone needs to know the plan of operations well enough for successful globalization. On the other hand, some of the external factors that can be problematic for a company opening in another country would be the local business, customer acceptance, and location. Some of the local business may see a Wal-Mart Super Center opening in their neighborhood as a big threat to their welfare. Many small businesses in the United States can’t compete with the Wal-Mart and it is only reasonable that those businesses may not be able to compete as well. Therefore they may lobby to their local government against the opening of a Wal-Mart in their city or town. Another external factor is the local customers. Wal-Mart has to offer merchandise that those people will want to buy. Wal-Mart will offer products they sell in the United States, but will also offer local merchandise to attract those people. Anothe...
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... all times. They do regular reporting to directors and if an issue occurs they try to correct it and make sure it does not have a negative effect on other employees and that the other employees are not acting the same way as the negative issue. They also have an open door policy which helps employees address concerns with any member of management from the CEO to the assistant managers in the store.
Organizational resources such as human technological, financial and physical resources are internal factors accessible to organizations accomplish its goals. For example Wal-Mart has been capable to efficiently and competently apply these functions of management to turn into one of the largest companies in the world. Wal-Mart utilizes their capacity to recognize and respond to factors like technology, globalization, ethics; diversity and innovation keep them at the top.
I had the opportunity to take the 16 Careers Cluster Inventory. I found the assessment very easy to take. As well, I found the inventory easy to score. My results of the assessment indicated my top three career areas were: 1. Educational and Training, 2. Health Sciences, and 3 had a three way tie between Human Services, Hospitality, and Law enforcement. I found the assessment to be dead on. Based upon the past personality inventories that I have taken I found the suggested areas very appropriate. One of the appealing aspects of the inventory was the easy of taking it! It seemed to gather accurate information without being overly pathological and test-driven.
The report communicates the career action plan and its overview related to the position of general manager of the restaurant. It is divided into 3 sections. In first section, the report demonstrates the current situation of the career explaining the graduate and employability skills, and marketability analysis. The second section explains ideal situation of the career in comparison to the industry demands. This section explains the career SWOT analysis and career goals on short term and long term. The last section communicates the steps to success: work placement that demonstrates the activities that will be carried out to achieve the goals.
Our most important resource is our human resource: the people who design and build our products and service our customers. Given the right combination of skills, training, communications, environment, and leadership, we believe our employees will achieve the needed gains in productivity and quality to meet our goals.
Pitts and Koufopoulos (2012) argue that resources and capability are highly important internal factors that should be taken into account by the organization in order to obtain the successful performance in the long run.
When it comes to doing business internationally the decision making is more complex. There are many interactions between each country that need to be addressed. In order for a business to be successful in the international market they need to examine and analyze all the facets of their company. They need
As a multinational corporation, its oversee management is a weakness part. I read an article that was talking about Walmart’s failure in Germany, it closed its business in Germany in 2006 with a loss of about 2 billion dollars. The case was talking about a guy who couldn’t speak even a German word that helped making decision in Walmart Germany. Its every-day low price strategy didn’t work in Germany so they couldn’t attract customers, because customer in Germany like fair competition, they don’t like unfairness things happened to them. The decision makers didn’t realize that but keep investing money to make its price lower, even lower than the price that supplier gave it to them, which cause a failure in Germany. Bad management in oversee market led Walmart to failure also happened in South Korea and India, which led Walmart a big loss in Asian
I have known from an early age that I’ve wanted to become a doctor. Helping people has always been a passion of mine. When I was younger, I wanted to be a veterinarian. However, after working with young children I have found that I love working with them, and have a connection with children. Currently, I am interested in becoming either a neonatologist or a general pediatrician so I can continue to work with young children.
My ultimate value is my family. My vision for my own self is to live happily with my family in the future. I love to spend my spare time with them. Hanging around with friends and family make me feel well. I love to play on computer. I also love to play with the magical numbers. I like surfing on the internet, exploring new things, reading articles related with health, life, and economic events such as the stock market, financial companies, investment corporations, etc. I think being a citizen of a country, we should somewhat at different aspects of life to better know how well or bad the economy of our country is experiencing. My goal is to become a businessperson. I believe doing business is an important way to improve the economy of a nation. I did a research on two different careers. However, they are sort of having a relation with each other. Both of them are in the business field – accounting and financial analyzing.
First you need to identify the organization’s internal and external resources, organization’s strengths and weaknesses as compared to its competitors and the opportunities it has for better utilization of resources.
Tiffan, B. (2009). Strategies for Tapping into Your Potential-Part 2. Physician Executive , 35, 80-84.
It is apparent that the only thing constant in business is change. Organizational change is often an overwhelming challenge for business leaders, managers and employees alike. The need for change may be the result of market shifts, economic environment, technology advancements or changing work force skill-set demands. Today Organizational change occurs for reasons that originate external to the organization (Chandler, 1996: Hannan & Freeman, 1984), as well as internal to the organization (Baker 1990: Prechel 1994). Thus, External constraints, internal constraints, resource dependency and increasingly growing competitive markets force organizations to change in order to maximize economic potential. Although organizational changes are usually a response in reaction to an event, companies and leaders should still expect to encounter issues. Organizations need to be more proactive and contingent on how to handle the problems that will inevitably come about. This will make the process of organizational change go smoothly as well as reduce resistance through proper management techniques. Resource dependency argues that both environmental and organizational constraints impact organizational change (Pfeffer & Salancik, 2003).
Organizations who jump the gun and do not take the time to allocate their resources suffer in the long run. Resources are an essential component of the business and the organization needs to understand their importance and not be wasteful. Finally, the organization needs to understand the first to steps thoroughly so that they can implement innovations and manage them wisely.
The manager should be able to select and know these factors. As organization is created systems by people, the internal factors are mainly the result of management decisions. Not all of the internal factors are completely controlled by the management. Organization is influenced by many environmental factors. In the new millennium we have to learn how to live in a market economy. And the most important condition for this is a highly skilled managers. Ability to identify and analyze the internal elements of the organization and external factors is the key to the success of the business. The main factors in the organization that require management attention are objectives, structure, tasks, technology and people. An organization can be seen as a means to achieve the objectives that allows people to perform collectively what they could not carry out individually. Goals are desired outcome, which aims to achieve a group working together. The main objective of most organizations is profit. Income is a key indicator of the organization. People are the basis of any organization. Without people there is no organization. They shape the culture of the organization and its internal climate. They determine what the organization is. Manager generates frames, establishes a system of relations between people and include them in the process of
My ideal career would allow me to do something that interests me. I enjoy working with words and with numbers. I've also had success in the areas of technology and customer service.
Nowadays, business is set in a global environment. Companies not only regard their locations or primary market bases, but also consider the rest of the world. In this context, more and more companies start to run multinational business in various parts of the world. In this essay, companies which run multinational business are to be characterized as multinational companies'. By following the globalization campaign, multinational companies' supply chains can be enriched, high costs work force can be transformed and potential markets can be expanded. Consequentially, competitive advantages of companies can be strengthened in a global market. Otherwise, some problems are met in the changed environments in foreign countries at the same time. The changed environments can be divided into four main aspects, namely, cultural environment, legal environment, economic environment and political system problems. All the changed environments make problems to multinational companies. In particular, problems which are caused by changed culture environment are the most serious aspect of running a multinational business. This essay will discuss these problems and give some suggestions to solve them.