WHAT TYPE ORGANIZATION IS APPROPRIATE IN THE COMPETITIVE
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WHAT TYPE ORGANIZATION IS APPROPRIATE IN THE COMPETITIVE BUSINESS ENVIRONMENT
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- The business environment is a complex and dynamic system that encompasses a multitude of factors influencing the operations, strategies, and success of an organization. It comprises both internal and external elements that shape the way businesses operate and make decisions. Internally, factors such as organizational culture, structure, and resources play a crucial role in defining the company's capabilities and limitations. On the external front, economic conditions, technological advancements, legal and regulatory frameworks, socio-cultural trends, and the competitive landscape all contribute to the overall business environment. In the ever-evolving global marketplace, businesses must constantly adapt to changes in the environment to remain competitive and sustainable. Economic fluctuations, for instance, can impact consumer spending patterns and demand for products or services. Technological advancements may create new opportunities for innovation but also pose challenges for…To plan to compete against other firms, a firm needs to understand what physical, financial, and human resources it has, what it is good at, and how it is organized. TRUE OR FALSEDescribe the core competencies a firm possesses and what it needs. What are the core competencies of your organization? Explain your answer.
- Collaboration and partnership are important for creating a framework of operational tenets in the industry. Explain.In what ways might a firm or organization profit from adhering to the guidelines of a life cycle model?The structure of an organisation is essential for achieving strategic objectives. Discuss the possible outcome or advantages of Organisation Restructuring .
- Identify the three major functional areas of business organizations and briefly describe how they interrelate?Propose some innovative business ideas using the bricolage concept that will address the business, social or environmental problem in the first phases of business with a lack of resources.Analyze and explain how organizations can gain competitive advantage from effective management of the value chain.
- When determining a form of business organization, all of the following are considered EXCEPT Multiple Choice who owns the firm. the owners' risks. the tax ramifications. the physical location of the business.Why are enterprise systems used in many organisations?Some of the problems that might be encountered when a functional organization develops new products.