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- What are some forces that influence environmental uncertainty? Which typically has the greatest impact on uncertainty--environmental complexity or environmental change? Why?Why do demographic shifts and technological developments create both challenges and new opportunities for business? Can managers in business firms control the elements in the external environment, or do they simply have to react to changes that are beyond their control? Give examples that support your conclusion. Describe in general terms how each element of the external environment (economic, technological, socio-cultural, political-legal, global, and business) affects business firms.why do we need innovative management in today's highly changing business environment? what sort of examples you may provide to show how companies react innovative (new products, services, processes, etc.) during the turbulent times that we faced in pandemic?
- 3.3 By conducting an environmental analysis, we have identified key factors of the business environment that has been affected by an epidemic such as Covid-19. As a business consultant you have been asked to provide feedback on the relevant indicators and effects of each factor to senior levels of management: 3.3.1 Social 3.3.2 Ecological 3.3.3 EconomicalWhat are the problems faced by businesses in the sports and fitness industry with crisis management in today's global pandemic crisis?Please do not use AI. The post COVID-19 world is different from that before 2019. Businesses have to adapt to the new normal. Processes that are implemented during the pandemic have to be dismantled. Customers' behaviours and expectations are changing. Organisations have to find solutions for their supply chain disruptions, labour shortages, high operating costs, environmental and sustainability expectations. Consider the organisation you are working in or one that you are familiar with. You are asked to identify a business process in this organisation where this new norm is affecting the business in meeting customers' expectations and internal performance target. You may discuss with your supervisor or experienced colleagues to select this process. You are going to lead a Lean Six Sigma project to improve the process in the current environment. Submit a report on how you would identify the process issues, analyse the problem, recommend and implement ideas to improve the process and…
- Why would a company choose to follow rather than lead technological innovations? Is the potential advantage of technological leadership greater when innovations are occurring rapidly, or is it better in this case to follow?During the COVID 19 pandemic organizations experienced many changes where they fast forwarded into activities that previously seemed impossible. Technology played a major role in the response to this shift. In 2023, it is said that 50% of companies want workers back in office full time. As the CEO in your organization you have workers return on a hybrid arrangement. Justify why workers should return on a hybrid arrangement by giving (4) pros and (4) cons. As the Legal Representative explain the hybrid arrangement by taking into consideration the following below. Leadership and MotivationWorkplace CommunicationConflict ManagementTeamworkIn The Innovator’s Dilemma, Professor Clayton Christensen asks the question: Why do well-managed companies fail? He concludes that they often fail because the very management practices that have allowed them to become industry leaders also make it extremely difficult for them to develop and adapt to the disruptive technologies that ultimately steal away their markets. One of the hallmarks of disruptive technologies is that initially they underperform the current technology on the attributes that matter most to mainstream customers. Only a few people value the disruptive technology in the beginning. What markets today are being threatened by emerging disruption that seemed unimportant when first introduced? What established industries, companies or products may be in danger? What do you foresee happening? Christensen argues that “disruptive technology should be framed as a marketing challenge, not a technological one.” Executives of companies in established industries have…