Lack of management expertise marketing and production

Info icon This preview shows pages 2–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Lack of management expertise Marketing and Production departments may struggle to cope with increased demand from 2 joined businesses Peter Dracker Management by Objectives (MBO) (A2) Advantages Feature of job enrichment Everyone know what to do All working to same overall targets Managers able to monitor success / failure Disadvantages Can be time consuming Objectives can be outdated quickly Targets do not guarantee success Technological change Benefits and problems (A2) Benefits New product development More effective communication New marketing methods Efficient data processing Problems Costs – capital, maintenance, Reliability / Security Need for adaptable workforce Data protection issues Difference between local, national and
Image of page 2

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
multinational businesses (A2) Legal Influences on business activity (A2) Consumer laws Employment laws Competition laws Planning and environmental laws Consumer laws (A2) Common requirements Product safety Consumer right for refund/replacement Weights and measures Advertising accuracy Employment laws (A2) Common requirements Minimum wage Health and Safety Employment conditions – holidays, pensions etc. Employment contracts Anti-discrimination Trade Union rights Competition laws + Planning / Environmental laws (A2) Common requirements Competition law Not engaging in monopolistic practices Fair pricing Planning / Environmental Restriction on location of industry Control of business developments Types of technological change (A2) CAD CAM / CIM Automation / Mechanisation Information processing systems EPOS systems Advantages (general) for Technological change (A2) Faster / Higher productivity Don’t need as many workers More accurate Better communication Easier to bring in new products (CAD) Impact of: Increasing number of women working and Multi-culturalism (A2) Positive Higher family incomes Potential demand increased Increased demand for culturally specific products Foreign workers may accept] lower wages New ideas need to be developed Negative Increased maternity pay Existing products may need adapting Cultural differences will need reflecting in HR policy Impact of: Rapidly increasing and ageing population (A2) Positive Increased potential market Increased potential workforce Increased demand for ‘old age’ related products Older workers often more loyal and experienced Negative Increased demand for land Increased taxation More difficult to recruit young workers Older workers find change more difficult Social issues in business (A2) Rapidly increasing population Influences on: Environmental policies of a Carbon and other taxes Prices of non-renewable materials
Image of page 3
Ageing population Increased numbers of women in the workforce Increased multi-culturalism through immigration business (A2) Business Culture and CSR objectives Customers – marketing benefit of such an approach Good publicity Planning laws Benefits and Limitations of Environmental Audits (A2) Benefits Highlights efforts made by the business Informs stakeholders of progress made
Image of page 4

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern