Managing Resources
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Australian National University *
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Nov 24, 2024
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VODAFONE ANALYSIS
Managing Resources in the International Business Environment
Table of Contents
Introduction
................................................................................................................................
2
Recent global event
....................................................................................................................
2
Political
......................................................................................................................................
2
Legal
...........................................................................................................................................
2
Technological
.............................................................................................................................
3
Sociocultural
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3
Strategy to minimize the risks
....................................................................................................
3
Financial performance in the recent time
...................................................................................
4
Strategy for implementation
.......................................................................................................
5
References
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7
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Introduction
The purpose of the study is to explore the position of the company in the context of the
international event that has affected the business. It is important to consider the impact of the
pandemic and subsequent Brexit. It is to include a variety of events that have been affected as
a result of the organization. The study is to explore the event in the light of legal political
technology and socio-cultural environment in order to identify the impact on the Vodafone
business and explore the mitigation strategy along with its financial capability and changes.
Recent global event
The recent global event came in the form of the pandemic Brexit and subsequent
uncontrollable inflation. The emergence of the pandemic has affected the entire global
community making it difficult to operate in the context of the work environment (
Rodrigues,
2019). Brexit has been a major political event which has affected the organization in a
negative way.
Political
The event of Brexit has been an important event in the political history of the United
Kingdom. The country had already undergone a deep crisis as a result of the pandemic.
The
event of Brexit had been very disturbing to the small and medium size organization (
Altaji
and Alokdeh, 2019)
. The increase in tariff and taxes may affect the company profitability as it
is evident in the company balance sheet. The rise of pandemic and Brexit has reduced the
company profitability and growth with the rise in taxes and decline in revenue. After the
event of Brexit, the country is struggling with a variety of circumstances as the government is
constantly changing and the leaders of the country could hardly manage to identify potential
environments. The position of the country is widely affected as a result of changing political
circumstances and the fall of the Government of Theresa May, Boris Johnson and others in
the United Kingdom.
Legal
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The United Kingdom is known to be the home of business law. The UK is considered to be
the easiest and safest place for conducting business and the ease of doing business is
maximum. The country has a pro-innovation regulator. The legal scenario is not a threat to
the businesses if it is moving well and making a profit. The government has the potential
support to businesses under the robust environment act and the government also allows the
long-term target of the businesses (
Al-Shaer and Zaman, 2021). The legal environment of the
organization is found to be stable and impartial. The country offers opportunities for
mediation, arbitration dispute resolution and services in the context of the workplace. It has
been noted that the business has been managed perfectly within the context of the workplace.
The judicial independence and application of the legal International environment in the
United Kingdom are found to be effective and efficient.
Technological
Technology has a considerable role to play in the management of research and development.
It is to offer consistent effort in the context of managing the organization. Har economy offers
potential opportunities for entrepreneurship.
The innovation of smart devices has generated
the need for better communication network and have an enhance connectivity. The
technology creates the opportunity for the business. The use of connectivity has increased
revenue at the time of pandemic. The technology has supported in generating further revenue
in the lockdown. Every development and invention have a significant contribution to the
economy of the country. The progress and development of the organization are found to be
progressive in the context of the business (
Gerli and Whalley, 2022). It has been noted that
there is potential progress in the development of the organization as it has affected Korea,
Japan, India and America. The technological progress in the United Kingdom needs to
manage a Bator and more effective outcome in the context of the workplace. Technology is
an important factor that has protected the business at the time of the pandemic and it has also
managed the business environment.
Sociocultural
The population of the United Kingdom is found to be 74 million and the current birth rate and
the mortality rate are found to be stable in the country. The growing population of the country
has created a significant opportunity for businesses in the context of a highly competitive
business scenario. Mobile phone and internet users have received potential progress and
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development (
Wu, 2021). The United Kingdom has grown to be the largest consumer
platform and the telecom business is constantly growing with the growth in the number of
users of the Internet and mobile phone. The income level of individuals is found to have been
affected as a result of the unemployment rate and reasonable inflation in the context of UK
citizens. The per capita income of the country is found to be higher in comparison to the other
countries of the world.
Strategy to minimize the risks
Vodafone is a potential organization that has its business across the globe. The company is a
prominent organization engaged in telecom services.
The organization is more concerned with the data analysis that reveals the growing number of
individuals and businesses using technology Internet and digital content
(Dey et al., 2022).
The strategy builder of the organization has recognised the need for equality and inclusion in
the context of the workplace. It is important for the organization to manage the business in a
better and more effective way.
The strategy builder of the organization continues to focus more on creating endless
opportunities and a remote working environment. The proper training of the employee to
handle the management remotely improves its effectiveness and efficiency in the given
market situation.
The company is found to have introduced an effective measure for recruiting and recruiting
talent across the industry (
Krolikowski and Hall, 2022). It has effectively Incorporated the
Vodafone launch support package. It is important for the organization to improve the
recruitment and attraction strategy for talent in a highly competitive environment.
The organization needs to develop a potential digital society to manage the date of the law
and improve the speed of connectivity between people, community and society. It is
important to further incorporate an inclusive environment in the context of the workplace.
Vodafone's business and investors ensure positive growth and development over the period of
time.
It is important for the organization to develop sustainability and manage consumer demand
with great commitment along with greater flexibility in workplace management. The covid-
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19 crisis is found to be the biggest business disruptor but business has been affected by the
potential environment.
Financial performance in the recent time
It has been noted that the impact of Covid 19 Brexit and subsequent inflation have
been prominent. Covid-19 remains a good opportunity for the business but there are
potential changes in the business activity. The revenue growth of the organization is
noted in 2019 as it has incorporated the growth of 22964. There is a potential decline
of the business as it grows in 2020 with a revenue of 18 028 (
Altaji, and Alokdeh,
2019). The company has declined to achieve good revenue in 2021 as it has fallen to
12761. 2022 is found to be a good year that has encouraged significant progress and
development.
Figure 1: Changes in the balance sheet
(Source:
Wu, 2021).
The total account receivable of the organization in 2018, was 8699 in 2019, 8437 in
2020, 7591 in 2021 and 7639 in 2022. It is important for the organization to maintain
better management of resources but Covid 19 has affected the business in a negative
way and the political event has created a significant impact on the business
environment (
Gerli and Whalley, 2022).
The financial performance of the organization is not effective and efficient in the
context of the market environment. The event has affected the financial position of the
company and it is important for the organization to bounce back with the proper
expansion and development of the market requirement.
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Strategy for implementation
Implementation of the strategy could be effectively managed in a better and more
effective way. The need for training and improvement is essential in the context of the
organization.
It is important for the organization to maintain significant effective management of
resources. It is important for the organization to develop a comprehensive plan for the
management of resources.
The development of the planning could be done with the proper analysis of the
scenario. Vodafone companies need to develop research and development programs in
the organizational environment (
Wu, 2021).
It is important to develop the requirement and arrangement of the resources in order to
implement the strategy. Vodafone is to improve strategy building in a comprehensive
and effective way to execute the policy.
The stakeholder is to be consulted in order to provide proper information to the
stakeholder and engage them in the strategic implementation process. organizations
need to develop a proper meeting in order to achieve a positive outcome in the context
of the work environment.
Strategic leadership is to be developed in the context of the workplace. Vodafone
requests innovative processes and procedures in the context of the global Business
environment.
It is important to develop and define the strategic framework that could help to
implement the strategy.
A comprehensive plan is to be developed in order to complete the process. The plan
for financial management and transformation of demand is to be developed (
Al-Shaer
and Zaman, 2021).
A key performance indicator is to be developed and defined. It is important to
improve the revenue and profit of the organization by 10%. It is also essential to
enhance organizational capability and efficiency.
Implementation of a simple and consistent strategy is to be developed in the context
of the workplace. A good team is to be developed for a better understanding of the
management of resources in the context of the workplace.
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References
Al-Shaer, H. and Zaman, M., 2021. Audit committee disclosure tone and earnings
management.
Journal of Applied Accounting Research.
Altaji, F. and Alokdeh, S., 2019. The impact of the implementation of international financial
reporting standards no. 15 on improving the quality of accounting information.
Management
Science Letters,
9(13), pp.2369-2382.
Gerli, P. and Whalley, J., 2022. The impact of Brexit on the digitisation of rural areas in the
UK. In
Rural Governance in the UK
(pp. 162-179). Routledge.
Halfacree, K., 12 Ongoing challenges.
Dr Ludivine Petetin and Dr Mary Dobbs, Authors of,
p.220.
Krolikowski, A. and Hall, T.H., 2022. Non-decision decisions in the Huawei 5G dilemma:
policy in Japan, the United Kingdom, and Germany.
Japanese Journal of Political Science.
L. Dey, B., Alwi, S.F.S., Babu, M.M., Roy, S.K. and Muhammad, S.S., 2022. Brexit or Brand
it? The effects of attitude towards Brexit and reshored brands on consumer purchase
intention.
British Journal of Management.
Rodrigues, M., 2019.
Vodafone group Plc-telecommunications: a transforming
Industry
(Doctoral dissertation).
Wu, J.Y.M., 2021. The dynamics of China’s trade ties after a Brexit announcement, UK and
EU. In
Brexit and After
(pp. 181-187). Springer, Singapore.
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