McDonald (1993) contends that if there is only one word to describe the business environment, it is “change”. In this line, organizations are continuously under great pressure to develop and implement business-oriented methods and measures to improve the overall effectiveness of business organization in order to achieve a competitive advantage (Al Faha, Al Mahmud, Miah & Islam, 2015). The preamble above highlights the need for an organization to continually appraise and reappraise its business environment.
First of all let's look what's 'change management', successfull mechanism of McDonad and act as a competitive advantage for them in the Market.
Change Management: It is a systematic approach to dealing with change, both from the perspective of an organization and on the individual level. Why do companies or organization need to manage change..? Let's look into that:
Every organozation are look forward for their future benefits, so that they need to improve their effectiveness both inside the working environment and outside in the market too. Then only they can gain a competitive advantage among other organizzations. Here are briefing the need for a competitive advantage for an organization to increase its effectiveness:
Other than the above the following are some of the methods and measures to improve the organizational effectiveness:
McDonald (1993) contends that if there is only one word to describe the business environment, it...
McDonald (1993) contends that if there is only one word to describe the business environment, it is “change”. In this line, organizations are continuously under great pressure to develop and implement business-oriented methods and measures to improve the overall effectiveness of business organization in order to achieve a competitive advantage (Al Faha, Al Mahmud, Miah & Islam, 2015). The preamble above highlights the need for an organization to continually appraise and reappraise its business environment. Required: Identify a company in...
McDonald (1993) contends that if there is only one word to describe the business environment, it is “change”. In this line, organizations are continuously under great pressure to develop and implement business-oriented methods and measures to improve the overall effectiveness of business organization in order to achieve a competitive advantage (Al Faha, Al Mahmud, Miah & Islam, 2015). The preamble above highlights the need for an organization to continually appraise and reappraise its business environment. Required: Identify a company in...
QUESTION ONE For a company to gain a competitive advantage, its training has to involve more than just basic skill development. Supporting your work with practical and real life examples, examine the validity of this statement (40 marks) QUESTIONS TWO The recent increase in the number of COVID-19 cases in Ghana has drawn the attention of government and other stakeholders on the need to deploy more health workers, especially front line health workers and contact tracers to identify potential and...
QUESTIONS 2: There is the need for an organization to continually appraise and reappraise its business environment. Required: (a) Using PESTLE as a tool, identify a company in Ghana and conduct analysis on the company's business environment. Your analysis should reflect how the organization can strategize to achieve a competitive advantage. (b) Using Three Cycles Analysis technique, identify a company and examine the customers’ needs, company offerings, and competitor’s offerings. Articulate what the company’s competitive advantage is and how it...
QUESTIONS 2: There is the need for an organization to continually appraise and reappraise its business environment. Required: (a) Using PESTLE as a tool, identify a company in Ghana and conduct analysis on the company's business environment. Your analysis should reflect how the organization can strategize to achieve a competitive advantage. (b) Using Three Cycles Analysis technique, identify a company and examine the customers’ needs, company offerings, and competitor’s offerings. Articulate what the company’s competitive advantage is and how it...
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