Owing to globalization and rapid technological change over the past few decades, the major contemporary issues in management lie
s in the need for efficient managers. More and more organizations today face a dynamic and changing environment. This, in turn, makes these organizations either to change or perish. There are five (5) specific forces that are acting as stimulants for change, state and explain them with relevant
The five Specific forces acting as stimulants for change are (1)Globalization, (2)Social trends (3)Competition (4)Changes in Technology (5)Changes in Law and political behavior.
Explanation:
Solution
The Five specific forces as stimulants for change is stated below:
Globalization: globalization has also affected the domestic organizations more often. Globalization has led to the increase of the competition for every industry. for this, every domestic business would have to adopt some change is in its operations to maintain its market share and to get a competitive advantage over others.
Social trends: social trends in any market would act as a stimulus for organizational environment and change as they would help the business get a first-mover advantage. for example, any social movement such as ripped jean or Bell bottom jeans, made the various companies in the same industry to adopt some changes.
Competition: the entrance of new competition in the market forces the existing business organizations to acquire some changes to get a competitive advantage.
Changes in technology: It is one of the significant changes in the business environment, which acts as a substance for the change in the organization. If any business wants to prosper and survive for a longer period, then it would have to acquire changes according to the technological changes in the environment to attend the competitive environment and a continually increasing market share.
Changes in law and political behavior: if there are changes in government or law in any country, it may bring some changes for the business. It would force the business to adopt such changes. for example some laws related to the environmental Protection force are the business to produce environment-friendly products and adopt green technology.
The first point is about avoiding littering and cleaning as you go. The second is to keep noise levels to a minimum. The third is to not feed the animals. The fourth is to make sure that bonfires are extinguished when not used. The fifth is to follow instructions provided by guides at all times.
A court-ordered injunction
was imposed on Fairlawn city employees who worked on the city's streets and
bridges.
A court order which
require a person to do or stop doing any specific action is called injunction
and it has three types Permanent Injunctions,<span> Temporary restraining orders</span> and preliminary
injunctions<span>.</span>
The answer and procedures of the exercise are attached in the image below.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
