Wednesday, May 13, 2020
A Competitive Business World Is A Far Different From 100...
BSBWOR501 Assessment 2 Pauline Jacobs Today the highly competitive business world is a far different from 100 years ago. Technology has changed management method, the sharing of information, communication, products and services, work practices, staff relationships, types of employment, methods of working, skills needed for employment and most importantly how we work with each other. The most significant difference is that workers are empowered by education, and skills brought to an organisation are through education, and not on the job training. The difference in management style from yesteryear is vast. A more hands on approach by management, embracing technology, understanding that people learn differently, setting standards and competencies, using competition as a positive, improved individual performance equals improved organisational performance, happy home life equals happy work life, enjoyment of work equals continuing learning, good leadership equals staff emulating managers as performance. At the core of this is a good role model. A good role model can be the manager, the cleaner, the accounts clerk, anybody who is part of the organisation. It does not need position of responsibility or rank, just, admired and respected for your individual behaviours. A good role model has a personal goal, aligned with the organisation objectives, mission statements, and goals. The department you work in will have its own goals aligned to the organisations goals. UnderstandingShow MoreRelatedPorters Five Forces Framework1547 Words à |à 7 Pagesframework is a framework to analysis the level of competition in an organization and business strategy development. It illustrates upon industrial organization economics to derive 5 forces that find out the competitive intensity and therefore attractiveness of an industry. It has been applied to a diverse range of obstacles, for helping different types of organization increase their profitability. There are different opportunities and treats involved. In the following paragraph, Porterââ¬â¢s five forcesRead MoreThe Digital Channel: Consumer Buying Behavior and Experience1571 Words à |à 6 Pagesdistributors and what they had in stock. If you wanted something, you had to go out and get it. Until, the advent of the internet. The internet changed the world forever. The internet undoubtabley changed how all businesses sell goods and services. This also changed how customers buy products, no longer did customers have to shovel snow to get products from town and navigate city streets or wait in long lines. Internet shopping took a while to grab a hold on the consumer. Early on, consumers preferred goingRead MoreAirbus Key Factor Of Business Strategy1633 Words à |à 7 PagesFrankfurt, Washington, Beijing, Dubai and Singapore and more than 150 service offices around the world. Airbus key factor of business strategy is global diversity, it has multi-culture employees of more than 55,000, which includes over 100 nationalities from different region in the world (Airbus, 2015b). The main competitor Airbusââ¬â¢s main competitor, Boeing Company was founded in 1916, it has been the world s leading manufacturer of large commercial aircrafts for several decades (Tong Tong, 2003)Read MoreFilm Theater : A Movie Theater1524 Words à |à 7 Pagescoming only from tickets but also from all the sales of food and drinks. Nowadays a Movie Theater has a 3 to 4 floors building with different types of restaurants and entertainments for kids so basically there are a lot of different sources of profits for Movie Theater. A Movie Theater has to attract people not only with movies but also with all the fun that people can have in Movie Theater. Technological factors â⬠¢ 3-D equipped â⬠¢ Digital age â⬠¢ The IMAX As we know today all the world is using Read MoreChanges Of The Human Resource Environment Essay1732 Words à |à 7 Pagesenvironment just like business environment is changing, and there are five factors which are involved in the environmental change of HR (Academy of Human Resource Development 2002). These are: 1. diversifying in Work force 2. Shifting environment of work. 3. Globalization 4. Governmental streamlining 5. Changes in machinery and financial system Diversifying in the Work force: Diversity is any quality that human beings are most likely to use to tell the difference between one individual from the other. TheRead MorePros And Cons Of Extreme Sports1334 Words à |à 6 PagesOne of the fastest most paramount growing trend in the world today is the proliferation and integration of extreme sports. This is a very important trend, and I am going to talk about the reason why the trend has emerged through brief history, pros and cons. My goal is to make sure that this trend is well-understood. Extreme sports are more popular among young people; we could say that the spectacular stunts used in these wild sports attract mostly younger generation. Most participants in these sportsRead MoreThe s Bank : A Great Training Program For The New Employees1580 Words à |à 7 PagesOCBC, it has been stated that it is ranked as the strongest bank in the world, this was a few years ago (Youssef-Morgan Stark, 2014). One of the most notable strength is its emphasis on Proactive ta lent and development, for example, OCBCââ¬â¢s bank has a great training program for the new employees (Youssef-Morgan Stark, 2014). OCBCââ¬â¢s Bank leads the way through not only its disciplined approach towards credit and risk management, but also its active talent development initiatives (Youssef-Morgan Read MoreCompetitive Rivalry And Competition With Apple1735 Words à |à 7 Pages Competitive Rivalry or Competition with Apple (Strong Force): this force play very important role in Apple industry as Apple faces the strong force of competition There are many companies in the world who stand at the front of Apple to compete it.Spite of it Apple is able to know the strength of impact of comptitors with the help of Porterââ¬â¢s Five Forces analysis model which depend on the following external factors: 1. High aggressiveness of firms (strong force) 2. Low switching cost (strongRead MoreCommunication : The Key Factors That Govern Not Only A Manager s Life1576 Words à |à 7 Pagesbut also everyone in this world. However a manager has to effectively use his communication skills in order to put up the exact message or otherwise the repercussions may lead to a predicament. Communication is a two way process wherein an information is transmitted from one side that is an individual, group or team to another individual, group or team, and then the ideas or information are reciprocated, which is called as a feedback process. Managers all over the world motivate their employees forRead MoreOffshoring: The Future Of Our Economy Essay1464 Words à |à 6 Pagesthe stability of our economy by securing the vitality of our businesses. In order to remain or become competitive in todays economy, US based companies must outsource jobs to foreign countries. The cost savings that can be derived from hiring employees in underdeveloped countries such as India or China are astounding. According to Agrwa and Farrell (2003), For every dollar of spending on business services that moves offshore, US companies save 58 cents, mainly in wages. The average salary for
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