Economics and Changes

During these times of change business may have to change its orgainsation, operation and its nature to deal with the challenges of each stage in the business life cycle. For business to be successful they must constantly develop and change strategies to deal with the growth of the business or the life of the business may be cut short.

This research paper will compare and contrast two organizations in the same industry. There will be analysis on the two organizations’ elements of business. This includes the basic legal, social, and economic environment, the managerial, operational, and financial issues impacting the organizations, and an analysis on the impact of potential change factors.

1. (10 pts.) Stella Ann Freeman is having a difficult time deciding whether or not to purchase a new car. How would understanding the concept of opportunity costs help her make a decision?

that affect the way businesses operate. How a political trend affect business depends on the type of industry that we are looking at; since some legislations are only directed to a certain type of industry. Economic forces can also cause a crisis in an organization. Some factors such as the unemployment rate, interest rate health care costs and others can definitely affect the economic stability of any organization. Top management must consider political and economic trends that affect the specific

In this ever-changing modern day business environment, organizations should always be ready to adapt to the ever-changing concepts and customers’ needs. Both internal and external factors influence the kinds of changes that take place in any business or organization. As of the complex adaptive systems, in order to keep up with the constant upcoming changes, they need to keep on revising their goals and objectives. They can do this by assimilating to any current changes present in society.

Health care in America is at the center of controversy. It is a progressive and rapid changing entity. Since the 1970s, America has seen many different types of programs and funds created to help solve the issue of the cost of health care. Many of these programs are on the brink of bankruptcy and have not done far enough to make it more affordable and assessable. Actually America has the most expensive healthcare system in the world and not only is it the most expensive, but in many areas such as quality of care, America is no where near the top among developed countries (Davis, Stremikis, Squires, & Schoen, 2014).

P6: Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders

Task P6: Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders

Change has become necessary for every organisation there is. World is moving rapidly towards better technologies, efficient systems, new techniques, compact profits, different friendlier environments and organisations are always in the race to reach new heights by thriving effectively in this competitive environment (Kotter, 1996).

Companies should always track their political environment. Changing in the political factors can affect business strategy because of the following reasons:

Change in a business is inevitable and typically only the strongest thrive. With a fluctuating economy and constant technological advancements, organizations are expected to adapt in order to survive. When a business is posed with an issue or change, it must develop new business and strategy structures and implements those developments throughout the entire company. Communication, education and participation are all required for a change model to be successful. Though change and adaptation may be needed to better the company, with implementation of change comes resistance. Most companies face resistance on an organizational and individual level during a transition. However, it is how the company is able to overcome

Change is an important to every business. Companies that don’t change become obsolete and susceptible to being irrelevant. Blockbuster and Blackberry are perfect examples of adapting to opportunity which ultimately was the reason they went out of business. Netflix and Apple are companies that capitalized on changes in the marketplace and were able to profit on the mistakes of the competition. The manner that a company presents change is an important part of its success. When leaders developed their business strategies, it is in their best interest to incorporate as many members of the team, then deliver it in a manner that makes employees feel like part of the solution. This is how buy in is achieved, and can be the difference between failure and success. For this paper I will describe a made up organization’s history, products, and major competitors. I will develop a current situation of the organization in the market and factors that have an impact on the organization. A SWOT will be defined and created to determine its place in the market, then three areas I will discuss why these areas are essential for the success of the company. Finally, I will determine metrics to gage the results of the company.

In today's business world, corporations have become more complex and more unpredictable, in fact it is considered almost "healthy" that a corporation experience change and transformation. Companies need to be susceptible and ready to acknowledge the challenges that change presents with and try to overcome these for the benefit of the company as a whole. Due to the ever-changing business and social environments caused strongly by globalizations, this has meant that companies must keep themselves up-to-date, whether it is through using the latest form of technology or through the latest management fad. There are many factors involved with change and the successful management of it which can often be a difficult time for

For any business in the rapidly evolving world of business, planning and implementing successful organizational change is indispensable. Essentially, organizational change refers to a process whereby an organization strives to optimize performance in order to achieve its ideal state characterized by high performance and profitability (Côté & Mayhew, 2014). Any business would be more likely to lose its competitive edge, as well as fail to meet the demands of its loyal consumers if it doesn’t plan and implement change. Weiss (2012) emphasizes that all organizations ought to embrace change, and it’s imperative to note that successful organizational change doesn’t involve simple process of adjustments; instead it requires appropriate change management capabilities.

This essay argues that development and the market have become intertwined due to an ideological shift toward neoliberalism. Neoliberalism is commonly associated with particular economic reforms such as de-regulation, trade liberalisation and privatisation (Boas and Gans-Morse, 2009). It is important to focus upon this shift, as the neoliberal ideology has dominated the development discourse since the 1970s. The development industry had been focussed upon a Keynesian state led philosophy since its inception after the Bretton Woods Conference in 1944 (Helleiner, 1996). The role of the state in development began to alter after the 1970s as development became influenced by the neoliberal doctrine. There has been a radical change within the