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   |  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, Porter’s five forcesRead MoreThe Digital Channel: Consumer Buying Behavior and Experience1571 Words   |  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. 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