will determine its ability to initiate or respond to external forces.
Value chain analysis
Before making a strategic decision, it is important to understand how activities within the organisation create value for customers. One way to do this is to conduct a value chain analysis. Value chain...
Discuss what action can be taken to minimize or overcome a problem once a skill shortage has been identified.
7. Requirements for effective HR planning
Given that the success of an organisation ultimately depends on how well its human resources are managed, HR planning will continue to grow...
legislation restrict ownership in the industry and how
likely is this to change?
+ Is anything that the industry does or produces likely to be banned?
+ Are there any class actions for the industry, based on what it has
done in the past?
Key Concepts and Models – Webinar 1
General market changes
Internal environmental factors can also impact strategy.
Students might make mention to the need for some type of internal appraisal, perhaps SWOT.
Porter’s Five Force – Bargaining Power of Suppliers, Bargaining Power of Customers, Threat of New...
HELP YOU TO CHOOSE THE APPROPRIATE STRATEGY FOR YOUR ORGANISATION.
There are different ways to do this:
1. Scenarios approach: You work out a number of options and then develop scenarios that describe what it will be like, if you chose one option, or another. (e.g. if we decide to...
adapt faster to change. The managers at Gore are constantly changing, utilising the skills, competencies with the ability to deal with forces that represent both threats and opportunities to the organisation (Mullins, L 2005). Strategy has to be managed in a different way. Managers should rely on...
consequences for not formulating your strategy with the PESTEL frame work in mind can lead to penalties for breaking laws, crossing political boundaries and misunderstanding of social requirements or expectations, all of which will have a negative impact on the future of the business.
An organisation must...
important topic to consider as Organisations generally over the past 10 years have needed to adapt to the changes in the structure of the UK labour market and the growing demand by employees for flexibility in achieving a work-life balance.
Recent changes in legislative requirements have...
the last 10 years (easy to calculate but
may not be a good prediction for the future!)
• Or in the sectors that are likely to do best in
the next 10 years? (much harder to predict!)
• Looking back is easy, but predicting the next
ten years is much more difficult.
Title of Slides
to changes, especially the one that alters the power structure in the organisation and the inherent values of the organisation, is generally difficult to manage. However, if these factors are altered, they can have a great impact on the structure, strategies and the systems of the organisation. The...
Related and Supporting Industries
Firm Strategy, Structure, and Rivalry
What Are Key Drivers for Change?
Key drivers for change are environmental factors that are likely to have a high impact on the success or failure of strategy
What is a...
interests of the workers during negotiation of new enterprise agreements.
• Competition - Introduce new technology or change some work practices
The 3 Driving Forces of the External - Macro Environment are...
• Globalisation - The compelling idea of entering the global market...
management should be concerned with the practical matters of production and turnover as they have a direct impact on the company profits. The human skills enable greater understanding of the work-force therefore could implement changes easing the problem of employee’s resistance to change. Finally...
no mater how big or small it is. It is important for a firm to identify the present situation and to deal with the problem or crisis. Mangers must assert all the factors that have an effect on their organisation. Most changes are due to external or internal forces in the business environment, which...
strategies to deal with external and internal forces at work in the logistics industry.
Taking the historical research conducted first we can see that the story of UPS is one of constant renewal of approach and an ongoing quest to expand in order to reach new customers and develop emerging markets. It can...
change, then the rest of the employees tend to follow them.
The most effective way to change something in a biz is to develop a teamwork approach. This is more likely to work if the influential ppl in the group act as agents for change.
4). Change models-
Force-field analysis, Lewin's unfreeze...
of different stakeholders.
Organisations have stakeholders, these are individuals or groups, with an interest in a company who are affected by how, what and where a company produces. Anglo American has multiple stakeholders, such as employees, the community, the government, the environment and...
…. ….p 24
5.30 What significant issues the industry is forecasting for the next
ten years that are likely to have an effect on office occupancy... ….p 25
5.40 Impact of the liabilities of existing institutional lease…. …p 26...
some control over what happens in the process and the work they do are most likely to actively participate on ongoing bases and except the change. People are much more likely to respond positively to change if they have been involved in initiating it. They are more likely to accept their own...
factors are within the business to help the organisation change to cope with new methods of work or new demands; it may be the business is being introduced to new technology or new product lines. Also it maybe developing new skill so that the workforce can work more efficiently.
The demand for...
external circumstance which can be both good for and bad for the organisation. If the external circumstances are more ethical then the individual is likely to ignore them. This can also mean the amount of control the individual has. If the individual has a limited response to the ethical decision because...
. By aggregating the scores the organisation will be able to see:
Which strategies capitalise on environmental changes, build on strengths and overcome weaknesses, and which do not.
Which strategy or strategies, in relation to others, are likely to offer the best way forward.
An example of...
consists of making judgements on three key issues; how likely stakeholder groups are to impress its expectations on organisations, whether they have the means to do so and the likely impact of stakeholder expectations in the future, (Johnson & Scholes, 1999). Figure 1 in Appendix 1 show’s a stakeholder...
tell managers very much. What managers need to do is to think about which factors are most likely to change and which ones will have the greatest impact on them i.e. each firm must identify the key factors in their own environment. For some such as pharmaceutical companies government regulation may...
movements such as New Philanthropy Capital (NPC) is a further external driver. NPC aims to help both funders and charities achieve greater impact, offering advice based on in-depth research of social issues and on an analysis of charities, and encouraging debate about what makes a charity effective and how...
Identify any adverse impacts of the recruitment process on vulnerable groups (for example minorities, especially where Equal Opportunity or Affirmative Action legislation exists). And generate a list of qualified internal candidates and an organisation needs to analyse the benefits and...
they work and this will filter around the organisation, effecting the
Now there are two types of motivation that people respond to. One, the people
who are shouted at and told what to do and told there will be consequences if they do
not perform. This was the kind of tactic employed...
2. Could you draw up a PEST analysis to analyse the impact of the external environment on a firm?
3. What would be the impact on a firm’s objectives and strategy of a change in any of the PEST factors?
4. What would be the impact on the business objectives and strategies of an organisation...
systems, & managing teams in the implementation of strategy
* Performance Management
* Leaders of organisation should:
* Know what goals they want to achieve
* Express goals in practical & measurable terms
* Understand current position in relation to goals...
Assessments are tools that can be used to gauge the organisation’s readiness to change. Any successful organisation finds time to assess both internal and external factors affecting or effecting its day to day business. It is normal to have a microscopic view of the impact of change on...