Answer:Every company wants to attract and sustain such worker's pool hence by analysing competition with in an industry makes firm aware about recent market trends hence help in attracting and retaining high quality employees.This also helps firm on competitive advantage while delivering services to consumers.
Firm also strengthen on SWOT(STRENGTH, WEAKNESS,Opportunities and threat) hence improves firm's ability to overcome barriers and difficulties and obtain opportunistic environment.
2.An organization use incentives to ensure it appeals to the employees it wants to hire by giving employees rewards for their performance.Such rewards increases further productivity of employees which in turn make firm profitable.Such rewards can be monetary like increment and non monetary like promotions etc.People work for money and recognition hence such rewards motivate them to perform with 100% potential.
But organisation should make a proper procedure and rules for granting such rewards as ineffective rewards can do more harm than good to firm and increase inefficiency in organisation.
Discuss the importance of analyzing competition within an industry to better appeal to potential candidates. How...
Discuss the potential issues an organization will face without robust data quality practices within its data management function. Where does the responsibility for data quality reside within the organization? How can management hold the responsible parties accountable for continued data quality problems?
It can be difficult to determine how much potential profit exists in an industry. This question is important for managers to address. Five forces analysis offers a tool towards providing an answer to the question. Please address each of the following in 800-1000 words so I can fully understand and how to go about this assignment. Discuss the five forces of Michael Porter’s Five Forces of the Competitive Environment. Discuss potential aspects of industry that the five force analysis does...
Give your opinion: Description and Analyzing Hawthorne Study In the 1920’s the Hawthorne’s study was invented and conducted at the Hawthorne’s plant of the Western Electric company by Elton Mayo and Fritz Roethlisberger. For which is the research that was the managerial focus on the strategy incorporating within the social psychological work aspects in human behavior within the organization. This original study was looked upon as whether if more workers were responsive and worked more efficiently under certain work environment...
“The potential impact of {Cryptocurrency} on {Pharmaceutical industry}” Write a short description of the technology and the industry (200-350 words each) You may use any relevant sources, including websites, blogs, tweets, journal articles and textbooks. Ensure you reference any sources appropriately. list at least five ways the technology may change or disrupt the industry Some hints: • Consider the impact of the technology on the people in the industry; will it make their lives easier or harder? • Can you...
General Electric hired marketing expert Shaunda Zilich to head up the company's efforts to build a branding strategy and improve recruiting effectiveness. Her background working in different jobs in different organizations made her especially well-suited to manage the recruiting efforts at General Electric. In particular, she heads up several groups that focus on establishing General Electric's global brand so that it appeals to a variety of job applicants. Zilich believes that her background in marketing shapes the way she approaches...
General Electric hired marketing expert Shaunda Zilich to head up the company's efforts to build a branding strategy and improve recruiting effectiveness. Her background working in different jobs in different organizations made her especially well-suited to manage the recruiting efforts at General Electric. In particular, she heads up several groups that focus on establishing General Electric's global brand so that it appeals to a variety of job applicants. Zilich believes that her background in marketing shapes the way she approaches...
Impact of Culture on Business – Deloitte Insights The importance of culture is readily apparent when things go wrong. When two large companies merged last year, for example, it became clear that one company had a culture of “low cost” while the other had a culture of “quality service.” Employees received mixed signals for months until the new management team took the time to carefully diagnose and redefine many business processes throughout the company. Given the importance of culture and...
In this week’s lecture, we learned about the importance of audience analysis and situational analysis, as well as revision and proofreading. For this week’s lesson, you will use your information literacy skills acquired in prior weeks to share the following this week in discussion with your peers: 1) Locate an article about a subject that is of interest to you. It could pertain to a career issue, an academic issue, or a life issue. 2) Analyze the article and identify...
“The potential impact of {Technology} on {Industry or Activity}” Write a short description of the technology and the industry (200-350 words each) You may use any relevant sources, including websites, blogs, tweets, journal articles and textbooks. Ensure you reference any sources appropriately. list at least five ways the technology may change or disrupt the industry Some hints: • Consider the impact of the technology on the people in the industry; will it make their lives easier or harder? • Can...
The importance of culture is readily apparent when things go wrong. When two large companies merged last year, for example, it became clear that one company had a culture of “low cost” while the other had a culture of “quality service.” Employees received mixed signals for months until the new management team took the time to carefully diagnose and redefine many business processes throughout the company. Given the importance of culture and the consequences of cultural issues, many companies are...