Name : Zelita Moniz
Student ID : 2148054
BUSN1013 (SHORT MANAGEMENT REPORT)
INTRODUCTION
Nowadays, organizations perform in an environment which the economy and society constantly change. Alternation in a business operation is critical Factors that require a deep understanding and skills to deal because changes can affect other economic system and become wide-ranging issues. Different aspects such as-as culture, technology, and economy fluctuation are the aspects that could have an impact on organisations and managers’ job. These factors could influence in both positive and negative sides.
Factors that could have influence on organizations and manager’s job
ϖ Culture in Workplace
Culture is one of the features that might affect an organisation …show more content…
Seemingly, changes in technology relate to new equipment or tools and new operating system. Thus, with the internet like using new software, managers can do their job efficiently and assist organisations to maximize their return. New technology could reduce the cost of production and facilitate customers. “With 662 large employers and-and 52 insurance carriers on the Benefit Focus Platform, we’re uniquely positioned to help executives think about technology roadmap when it comes to improving the way they manage benefit” stated Andy Howell the Chief Commercial Officer of Benefit focus. Howell said, “Buyer’s Guide is a product of knowledge, and serves as an extension of our mission to provide people and organizations the information they need to make better decisions and lead better lives” (News Bites US-NASDAQ …show more content…
These factors may have an impact on the expense, price of goods and services and, therefore, can influence demand and supply. For instance, the organisation will have more expense if there is a higher inflation rate and to hire skilled employees the company may have a strategic plan like boost the salaries if unemployment level is low (Robbins et al. 2013, p 35). Another example is the demand for a loan will decline if the interest rate is higher (Robbins et al. 2013, p 35). Therefore, the issues may affect economic conditions of an
Student ID : 2148054
BUSN1013 (SHORT MANAGEMENT REPORT)
INTRODUCTION
Nowadays, organizations perform in an environment which the economy and society constantly change. Alternation in a business operation is critical Factors that require a deep understanding and skills to deal because changes can affect other economic system and become wide-ranging issues. Different aspects such as-as culture, technology, and economy fluctuation are the aspects that could have an impact on organisations and managers’ job. These factors could influence in both positive and negative sides.
Factors that could have influence on organizations and manager’s job
ϖ Culture in Workplace
Culture is one of the features that might affect an organisation …show more content…
Seemingly, changes in technology relate to new equipment or tools and new operating system. Thus, with the internet like using new software, managers can do their job efficiently and assist organisations to maximize their return. New technology could reduce the cost of production and facilitate customers. “With 662 large employers and-and 52 insurance carriers on the Benefit Focus Platform, we’re uniquely positioned to help executives think about technology roadmap when it comes to improving the way they manage benefit” stated Andy Howell the Chief Commercial Officer of Benefit focus. Howell said, “Buyer’s Guide is a product of knowledge, and serves as an extension of our mission to provide people and organizations the information they need to make better decisions and lead better lives” (News Bites US-NASDAQ …show more content…
These factors may have an impact on the expense, price of goods and services and, therefore, can influence demand and supply. For instance, the organisation will have more expense if there is a higher inflation rate and to hire skilled employees the company may have a strategic plan like boost the salaries if unemployment level is low (Robbins et al. 2013, p 35). Another example is the demand for a loan will decline if the interest rate is higher (Robbins et al. 2013, p 35). Therefore, the issues may affect economic conditions of an