environment. Competition is multi-faceted. The existence and potential growth of competitors are economic factors which are of primary importance in developing a firm’s strategy. The amount of competition versus cooperation between firms in the same field is partially a socio-cultural factor, while the government’s attitudes toward monopoly or oligopolistic agreement is a political factor. Top management must be lightly sensitive to each of these , particularly to the latter.
Administrative and Political Factors
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Up until now, we have been talking about factors which affect the efficiency of the firm. The question of competition, however, brings us to factors which touch, not only …show more content…
The study, “Politics and Organizational Underdevelopment in Chile,” by Stanley M. Davis called attention to the effect this factor has on management in a given country. According to the author, the actions and reactions of managers in many other countries were similar top those described for Chile. Professor Davis noted that, if the private investor felt that his firm’s future existence was in question, he would be primarily concerned with survival rather than with efficiency and profitability. Likewise, the author added that the private investor’s time horizon for planning was limited and variable depending on elections or other political events. In his paper, “The Political Climate for Private Investment,” author Lee C. Nehrt suggested a method whereby the private investor could evaluate the political environment and make effective plans based on it. It is important for the manager to remember that the political climate is only a part of the total environment acting upon his firm. Political factors operating in the environment should …show more content…
Printable mechatronics: Researchers are “developing processes that adapt ink-jet printing technology to build ready-to-use products, complete with working circuitry, switches and movable parts.”
. Memory drugs: These drugs aim to help people with Alzheimer’s and boost healthy people’s memories by enhancing the brain’s neurial connections and functions.
. Perpendicular magnetic storage: Today’s hard drives store bits of data horizontally, like stalks of freshly cut corn. PMR stores them vertically, like cornstalks standing in a field. With perpendicular storage , each bit occupies less space on the surface of the disc, so more data can be stuffed into a smaller area” This technology also uses less power , thus prolonging battery life.
. Microfluidic testing: Microfluidics is the science of moving fluids through tiny channels the thickness of a human hair in microfluidic tests, blood, saliva, or urine samples are analyzed after coming into contact with tiny amounts of a chemical reagent.”
Micro-opticals: Combining the functions of several present-day chips on one integrated optical chip will make telecommunication faster and less
Administrative and Political Factors
══════════════════════════════════════════════════════
Up until now, we have been talking about factors which affect the efficiency of the firm. The question of competition, however, brings us to factors which touch, not only …show more content…
The study, “Politics and Organizational Underdevelopment in Chile,” by Stanley M. Davis called attention to the effect this factor has on management in a given country. According to the author, the actions and reactions of managers in many other countries were similar top those described for Chile. Professor Davis noted that, if the private investor felt that his firm’s future existence was in question, he would be primarily concerned with survival rather than with efficiency and profitability. Likewise, the author added that the private investor’s time horizon for planning was limited and variable depending on elections or other political events. In his paper, “The Political Climate for Private Investment,” author Lee C. Nehrt suggested a method whereby the private investor could evaluate the political environment and make effective plans based on it. It is important for the manager to remember that the political climate is only a part of the total environment acting upon his firm. Political factors operating in the environment should …show more content…
Printable mechatronics: Researchers are “developing processes that adapt ink-jet printing technology to build ready-to-use products, complete with working circuitry, switches and movable parts.”
. Memory drugs: These drugs aim to help people with Alzheimer’s and boost healthy people’s memories by enhancing the brain’s neurial connections and functions.
. Perpendicular magnetic storage: Today’s hard drives store bits of data horizontally, like stalks of freshly cut corn. PMR stores them vertically, like cornstalks standing in a field. With perpendicular storage , each bit occupies less space on the surface of the disc, so more data can be stuffed into a smaller area” This technology also uses less power , thus prolonging battery life.
. Microfluidic testing: Microfluidics is the science of moving fluids through tiny channels the thickness of a human hair in microfluidic tests, blood, saliva, or urine samples are analyzed after coming into contact with tiny amounts of a chemical reagent.”
Micro-opticals: Combining the functions of several present-day chips on one integrated optical chip will make telecommunication faster and less