The Present Business Environment Business Essay

The Present Business Environment Business testBusiness environment is changing drastically in todays corporate world. In early years of real management era manager were suppose to cast exclusively with equipments, data and constitutions per tropeing traditional tasks. and scenario of management responsibilities has been inter interpolated signifi firetly and todays manger faces issues like cross training, personnel management , interdepartmental communication and siding job s love.Role Of ManagersManagers run large corporations as well as entrepreneurial start-ups. They atomic number 18 open in government departments, not-for-profit agencies, museums, schools and even such non traditional shapings as political campaigns and consumer cooperatives. Managers can also be found doing managerial work in every country around the globe. No matter where managers be found and what gender they are, the fact is that managers absorb exciting and challenging jobs.Changes Affecting Mana gers JobFollowing are the few well known changes due to which manager job is affecting.CHANGE IMPACT OF CHANGE teddy organizational boundariesVirtual workplacesMore mobile workforceFlexible work arrangementsEmpowered employeesWork heart-personal life balanceChanging TechnologyRisk ManagementRestructured workplaceDiscrimination concerns world(a)isation concernsEmployee assistancedubiety over future energy sources/pricesChanging security threatsRedefined valuesRebuilding trustIncreased account capacityIncreased emphasis onorganizational and managerialethicsCustomer serviceInnovationGlobalizationEfficiency/productivityIncreased competitivenessCHALLENGES FACED BY MANAGERManagement can be a tough and often thankless job. A portion of a managers job may stand for duties that are often more clerical than managerial. Managers often have to deal with a variety of personalities. It can be a challenge to motivate workers in the face of uncertainty.With the fast changing world, we need to co pe up with things that could hinder the development of matchlesss managerial skills. Here are the most common challenges faced by manager and how to solve them.Employee motivationMotivating the employees and maintaining their morale is essential for every care. However, this is only possible when every grievances of employees are adequately addressed while ensuring the companys interests. This is a significant challenge faced by management, oddly in todays economy where the ever increasing greet of living leads to increased employee dissatisfaction, which is difficult to handle when the cost of doing blood line is rising rapidly.RecruitmentHiring the right people for the right job is a tough task. Analyzing the skills ask for a particular job and searching through the multitude of resumes to find the perfect match is a challenge for any management.Market changesKeeping a constant watch on market trends and evolving the business to adequately match the consumers demands is anot her challenging right. bureau OF GLOBALIZATIONA major environmental change that has taken place in the last fifteen years is the globalization of business. The world has become a global village and business has become global in character. Organizations are venturing beyond national boundaries in the pursuit of business opportunities. The emergence of a borderless world has had a tremendous affect on the appearance organizations behave. They are no longer insulated from foreign competition, and this has forced organizations to examine cost efficiencies, structure, job design, human capital, and galore(postnominal) other sources of effectiveness and competitiveness.Responding to globalization is becoming more and more important this result in redefining business model. Today change is happening at a rate that does not afford organizations the luxury of managing one major change at a time. Today managers are facing devil questions because of globalization, how does relentless chan ge redefine the nature of management and the structure of an attempt? And what role should management play in re-shaping the enterprise?ExampleToyota Motor Corporation makes cars in USA and Pakistan, Mc Donalds sells burgers in Pakistan and hamburgers in China, and Marks and Spencers sells products in Pakistan. Every other product sold by Wal-Mart stores Inc. is made in China or Pakistan.ROLE OF TECHNOLOGYTechnology has had a tremendous impact upon the global business environment. Communication, transportation and production force are various areas of business which have been enhanced by the development and improvement of engineering. As revenant enhancements are made, the world continues to grow smaller and businesses have further reach than ever.ComputersThe most important technical development to impact the global business environment is the world of computers. in that respect are various programs which suffice maintain records of inventories and shipments. Email allows for i nstantaneous communication almost anywhere in the world. Besides its speed, email is good forwarded and retained. The communication in the global business environment is improved with the use of email. The impact of computers on the global business environment is wide-ranging and also includes the Internet, which is a useful tool for international companies. By use the Internet, companies across the world can perform research and learn more or so partners and suppliers.Conference Calls and picture ConferencingConference calls allow people in multiple locations to be involved in the same conversation. movie conferencing provides the same service, and with the added benefit of all parties being able to actually see each other. some(prenominal) of these forms of communication have a definite impact on the global business environment. With either form of technology, a parent company in China can have a conversation with a raw material supplier in Pakistan and a manufacturing plan t in Taiwan. This improves communication on a global scale and enables all parties to understand specific plans and agreements.Shipment TrackingCorporations now have the ability to track shipments virtually anywhere across the world. Global Positioning Systems (GPS) allow accurate tracking. The implication of this technology on the global business environment is the ability to let customers know exactly where their shipments are at any given time. This technology creates secure relationships within the global business field.ROLE OF COMPETITION opposition has intensified for many organizations over the last decade, primarily as a result of the business. Competitors fill a need for business owners by take noteing them on the cutting edge.Without competitors, a business would have no reason to keep prices in check. It would create a monopoly which is never good in any edict. When two competitors compete for business, the market (customers) are the ones who decide who they will patron ize with their dollars. Prices are usually the first divisor people choose when deciding which business or product to go with.Competitors drive innovation and keep new ideas and procedures moving forward. Imagine if McDonalds were the only fast food hamburger restaurant in the world. There would never be a Burger King to compete. All food would taste bland and boring.ROLE OF honourable AND SOCIAL RESPONSIBILITYMany consumers and social advocates believe that businesses should not make a profit but also consider the social implications of their activities. Social responsibility is a businesss obligation to maximize its positive impact minimize its negative impact on society. Although many people use the terms social responsibility and ethics interchangeably, they do not mean the same thing. Business ethics relates to an individuals or a work groups decisions that society evaluates as right or wrong, whereas social responsibility is a broader concept that concerns the impact of the good businesss activities on society. From an ethical perspective, for example, we may be concerned about a health care organization or practitioner over- charging the provincial government for medical services. From a social responsibility perspective, we might be concerned about the impact that this overcharging will have on the ability of the health care system to provide adequate services for all citizens.The most basic ethical and social responsibility concerns have been codified as impartialitys and regulations that encourage businesses to conform to societys standards, values, and attitudes. At a minimum, managers are expected to obey these laws and regula- tions. or so legal issues arise as choices that society deems unethical, irresponsible, or otherwise unacceptable. However, all actions deemed unethical by society are not necessarily illegal, and both legal and ethical concerns change over time. Business law refers to the laws and regulations that govern the conduct of business. Many problems and conflicts in business can be avoided if owners, managers, and employees know more about business law and the legal system. Business ethics, social responsibility, and laws together act as a configuration system requiring that businesses and employees act responsibly in society.