Contemporary Development in Business and Management

Introduction

Every organization or industry operates in a particularly environment which will in turn affect the organization either directly or indirectly . The environment will affect the way the organization functions . Environmental forces can not be controlled by the organization , however the organisation have ability to direct on how to manage environmental forces through recognizing and motoring those particular forces that have an effect on the organization . To have an effective monitoring system the organization has to predict changes in environment factors so has to develop an effective management plan to

the impacts that they may be caused

Consequently , environmental factors that affect organizations are categorized in two levels , internal and external . The internal factors include legal and political policies , technology advancements social-cultural aspects , economic factors and demographic changes External factors are suppliers , customers and competitors

Organization selected

This management report critically examines the analysis of internal and external influences in contemporary business and with particular regard to ASDA Stores chain of supermarkets in UK . ASDA Stores is the largest subsidiary of Wal-Mart , ASDA Stores accounts for approximately half of the organizations international sales . ASDA Stores has a work force of over 150 ,000 employees 60 ,000 of them being fulltime . The supermarket chain sells food stuff and other domestic products and it also has interests in property development (ASDA 2007 ) The study will entail a thorough analysis of the strengths , weaknesses , opportunities , and threats that ADSA Stores supermarket undergoes in line with the ever increasing ambiguity and uncertainty that may come up due to effects of globalization and ever changing business environment . This report will also discuss the feature of globalization and how it has impacted the policies and decision making with regard to business transactions of ADSA Stores supermarket . This study will also critically evaluate the effectiveness of this organization response to globalization in supermarkets industry . This management report will further outline recommendations that this company should undertake in to cope with ever increasing changes that arise because of globalization

SWOT analysis

Internal Factors

Internal environment is an aspect of business environment analysis that discloses the strengths and weaknesses that may be encountered during business transactions

The main objective of any business is to maximize profits in to give the best feasible proceeds to owners for their funds they have invested in the company . Therefore the business organization depends on its internal aspects or components for efficient and effective operations . According to latest research an organization should critically manage and monitor the key internal elements which includes physical facilities and equipment , financial stability , human resources production and operations , and market capability . The above key internal elements depending on how the organization utilizes them may result to either strengths or weaknesses of an organization (Lancaster Massingham , 1988

Strengths and weaknesses

Strength can be defined as a particular skill or distinctive competence that a company can do relatively better than other companies especially its competitors and which the organizations have and contributes to the achievements of the stated goals...