Business Environment: Concept, Nature and Significance,
Environment Scanning: Meaning, Nature and scope, Process of Environment Scanning, Interaction between Internal and External Environment
Business Environment: Concept, Nature and Significance,
Environment Scanning: Meaning, Nature and scope, Process of Environment Scanning, Interaction between Internal and External Environment
Assessing the internal environment of the firmMohsinAhmed122
The benefits and limitations of SWOT analysis in conducting the internal analysis of the firm.The primary and support activities of the firm’s value chain Advantage of the value chain within the firm and between the firm and its customers and suppliers.The different types of tangible and intangible resources, as well as organizational capabilities. The four criteria that a firm's resources must possess to maintain a sustainable advantage. The usefulness of financial ratio analysis as well as its inherent limitations.How to make meaningful comparisons of performance across a firm.The value of recognizing how the interests of a variety of stakeholders can be interrelated.
Strategic Management-Strategy and Culture.pptxLearnX365
Strategy is the blueprint that guides an organization toward achieving its long-term goals. It defines where the organization wants to go and how it plans to get there.
Culture, on the other hand, is the set of shared values, beliefs, and behaviours that shape the way individuals within the organization interact and work. The relationship between these two elements is integral to strategic management.
Week 1 Lecture The Nature of Business ResearchBusiness researc.docxkdennis3
Week 1 Lecture
The Nature of Business Research
Business research covers a wide range of phenomena. For managers, the purpose of research is to provide knowledge regarding the organization, the market, the economy, or another area of uncertainty. A financial manager may ask, “Will the environment for long-term financing be better two years from now?†A personnel manager may ask, “What kind of training is necessary for production employees?†or “What is the reason for the company’s high employee turnover?†A marketing manager may ask, “How can I monitor my retail sales and retail trade activities?†Each of these questions requires information about how the environment, employees, customers, or the economy will respond to executives’ decisions. Research is one of the principal tools for answering these practical questions.
Business research is the application of the scientific method in searching for the truth about business phenomena. These activities include defining business opportunities and problems, generating and evaluating alternative courses of action, and monitoring employee and organizational performance. Business research is more than conducting surveys.6 This process includes idea and theory development, problem definition, searching for and collecting information, analyzing data, and communicating the findings and their implications.
Applied business research is conducted to address a specific business decision for a specific firm or organization. The opening vignette describes a situation in which ESPN used applied research to decide how to best create knowledge of its sports fans and their preferences. Basic business research (sometimes referred to as pure research) is conducted without a specific decision in mind, and it usually does not address the needs of a specific organization.
All research, whether basic or applied, involves the scientific method. The scientific method is the way researchers go about using knowledge and evidence to reach objective conclusions about the real world. The scientific method is the same in social sciences, such as business, as in physical sciences, such as physics. In this case, it is the way we come to understand business phenomena.
A firm can be production-oriented. A production-oriented firm prioritizes the efficiency and effectiveness of production processes in making decisions. Here, research providing input from workers, engineers, finance, and accounting becomes important as the firm seeks to drive costs down. Production-oriented firms are usually very large firms manufacturing products in very large quantities. The third orientation is marketing- oriented, which focuses more on how the firm provides value to customers than on the physical product or production process. With a marketing-oriented organization the majority of research focuses on the customer. Research addressing consumer desires, beliefs, and attitudes becomes essential.
Diagnosing Opportunities: After a.
The corporate world is changing the perspective from a business oriented financial perspective to a competency based economy and green economy. As the world is moving towards green economy, the responsibility of business has expanded to go green. The term Green human resources refer to the promotion of sustainable employee practices with the help of interface of every employee. It’s aim is to increase the awareness among the employees on the issue of sustainability. Green HR deals with the HR activities which are environment friendly and promote the sustainable use of resources in the organizations. This in turn, help business organizations to trim down employee carbon footsteps by the likes of teleconferencing, sharing of car, telecommuting, filing electronically, virtual interviews, recycling, online training, etc. This study focuses on various green HRM practices followed in the organization. The paper largely focuses on the various green HRM practices
Assessing the internal environment of the firmMohsinAhmed122
The benefits and limitations of SWOT analysis in conducting the internal analysis of the firm.The primary and support activities of the firm’s value chain Advantage of the value chain within the firm and between the firm and its customers and suppliers.The different types of tangible and intangible resources, as well as organizational capabilities. The four criteria that a firm's resources must possess to maintain a sustainable advantage. The usefulness of financial ratio analysis as well as its inherent limitations.How to make meaningful comparisons of performance across a firm.The value of recognizing how the interests of a variety of stakeholders can be interrelated.
Strategic Management-Strategy and Culture.pptxLearnX365
Strategy is the blueprint that guides an organization toward achieving its long-term goals. It defines where the organization wants to go and how it plans to get there.
Culture, on the other hand, is the set of shared values, beliefs, and behaviours that shape the way individuals within the organization interact and work. The relationship between these two elements is integral to strategic management.
Week 1 Lecture The Nature of Business ResearchBusiness researc.docxkdennis3
Week 1 Lecture
The Nature of Business Research
Business research covers a wide range of phenomena. For managers, the purpose of research is to provide knowledge regarding the organization, the market, the economy, or another area of uncertainty. A financial manager may ask, “Will the environment for long-term financing be better two years from now?†A personnel manager may ask, “What kind of training is necessary for production employees?†or “What is the reason for the company’s high employee turnover?†A marketing manager may ask, “How can I monitor my retail sales and retail trade activities?†Each of these questions requires information about how the environment, employees, customers, or the economy will respond to executives’ decisions. Research is one of the principal tools for answering these practical questions.
Business research is the application of the scientific method in searching for the truth about business phenomena. These activities include defining business opportunities and problems, generating and evaluating alternative courses of action, and monitoring employee and organizational performance. Business research is more than conducting surveys.6 This process includes idea and theory development, problem definition, searching for and collecting information, analyzing data, and communicating the findings and their implications.
Applied business research is conducted to address a specific business decision for a specific firm or organization. The opening vignette describes a situation in which ESPN used applied research to decide how to best create knowledge of its sports fans and their preferences. Basic business research (sometimes referred to as pure research) is conducted without a specific decision in mind, and it usually does not address the needs of a specific organization.
All research, whether basic or applied, involves the scientific method. The scientific method is the way researchers go about using knowledge and evidence to reach objective conclusions about the real world. The scientific method is the same in social sciences, such as business, as in physical sciences, such as physics. In this case, it is the way we come to understand business phenomena.
A firm can be production-oriented. A production-oriented firm prioritizes the efficiency and effectiveness of production processes in making decisions. Here, research providing input from workers, engineers, finance, and accounting becomes important as the firm seeks to drive costs down. Production-oriented firms are usually very large firms manufacturing products in very large quantities. The third orientation is marketing- oriented, which focuses more on how the firm provides value to customers than on the physical product or production process. With a marketing-oriented organization the majority of research focuses on the customer. Research addressing consumer desires, beliefs, and attitudes becomes essential.
Diagnosing Opportunities: After a.
The corporate world is changing the perspective from a business oriented financial perspective to a competency based economy and green economy. As the world is moving towards green economy, the responsibility of business has expanded to go green. The term Green human resources refer to the promotion of sustainable employee practices with the help of interface of every employee. It’s aim is to increase the awareness among the employees on the issue of sustainability. Green HR deals with the HR activities which are environment friendly and promote the sustainable use of resources in the organizations. This in turn, help business organizations to trim down employee carbon footsteps by the likes of teleconferencing, sharing of car, telecommuting, filing electronically, virtual interviews, recycling, online training, etc. This study focuses on various green HRM practices followed in the organization. The paper largely focuses on the various green HRM practices
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
2. ‘Procurement’ refers to the acquisition and
management of (but not limited to) people,
buildings, land, transport, energy, water,
materials, food, waste and outsourced services.
3.
4. WHAT IS PURCHASING Vs. PROCUREMENT?
Purchasing focuses on short-term goals such as
fulfilling the five rights in a transaction (right
quality, right quantity, right cost, right time, and
right place), whereas procurement management
focuses on strategic, long-term goals like gaining a
competitive advantage or aligning itself with
corporate strategy.
5. What is Green Procurement?
Sustainable Procurement is an approach to
purchasing products and services that takes
into account the economic, environmental
and social impacts of an organization's
buying choices, at all times.
6. A green procurement or green purchasing is a
policy which put in place to guide businesses
when acquiring materials, supplies and
services and selecting such products based on
their impact on the environment and human
health. It can apply to both products bought to
run the business internally (Ex. office supplies
and equipment) as well as for producing the
goods and services of the business itself
(Ex. materials used in business products).
7. WHY GREEN PROCUREMENT
Conserve natural resources.
Minimize pollution.
Reduce water and energy use.
Avoid environmental health hazards on our work place and
within our community.
Improve the availability and use of environmentally
preferable product.
Encourage suppliers to reduce their environmental impact
and to send that message up their supply chain,
Support locally produced goods and services
Educate and inform ourselves, end users, and suppliers of
the best environmentally responsible procurement choices
8.
9. DRIVERS OF GREEN
PURCHASING
Internal Drivers
I. Corporate Strategy:
Corporate strategy is a unique plan or framework that is long-term in
nature, designed with an objective to gain a competitive advantage over other
market participants while delivering both on customer/client and stakeholder
promises.
Growth: To expand the business and increase profits.
Stability: To maintain current business operations.
Renewal: To revive an ailing business.
II.Organization’s Culture:
Organizational culture is the collection of values, expectations, and
practices that guide and inform the actions of all team members. Some
examples of organizational culture include philosophy, values, expectations,
and experiences.
10. III.Organization's Resources:
Organizational Resources are all assets that are available to a
firm for use during the production process. The four basic types
of organizational resources are human, monetary, raw materials and
Capital. Organizational resources are combined, used, and
transformed into finished products during the production process.
Importance of Resources and Capabilities
• Tangible – Physical and financial assets. Eg: Machinery, offices,
warehouses.
• Intangible – Skills, reputation and brand names. Eg: What's app,
Disney.
• Human Resources – Skilled Employees.
11. IV.Organization’s Characteristics:
Organizational characteristics are features originating both
from the management model adopted by the organization
• The following are the important characteristics of
organization:
• Specialization and division of work. The entire philosophy of
organization is centered on the concepts of specialization and
division of work.
• Orientation towards goals.
• Composition of individuals and groups.
• Continuity.
• Flexibility.
12. DRIVERS OF GREEN PURCHASING
External Drivers
I. Market Pressures:
Marketing pressure refers to the quantity, timing,
and pattern of a brand's interactions with its
customers.
MARKET PRESSURES: The Global Economy and Strong
Competition; The Changing Nature of the Workforce;
Powerful Customers.
13. II.Societal Pressures:
Societal pressures are expectations that affect
the entire community, or specific parts of it, like
the pressure to get married and have children.
III.Regulatory Pressures:
Regulatory pressure is often seen as a reaction to
rule violations. The pressure can be
multidimensional in nature and it will be described
further. A wide body of research exists to explain
rule violation and circumstances under which
employees violate the rules.
14. GREEN PURCHASING PERFORMANCE
MANAGEMNET
INTRODUCTION:
Green performance management consists of issues
related to environmental concerns and policies of the
company. It also concentrates on use of environmental
responsibilities. Using ISO 14000 for improved
organizational learning and environmental management or
Environmental Quality Management.
PPM Is the ongoing process of measuring the
efficiency and spend of procurement teams, with goals of
increasing visibility and enhancing the value of procurement
within an organization.
15. GREEN PURCHASING
PERFORMANCE MANAGEMNET
• Leadership.
• Procurement and its impact on firm
performance.
• Green procurement and organisation
performance.
• Firm performance.
17. Procurement and its impact on firm
performance.
• Procurement performance is a measure of
identifying the extent to which the
procurement function is able to reach the
objectives and goals with minimum costs.
• Identify inefficient processes.
• Consolidate your supplier lists.
• Educate your workforce.
• Establish clear expectations for your supply
base.
18. Green procurement and organisation
performance
Green procurement has impacted not only
performance of organizations, but also on the
brand reputation. It has become increasingly
significant for organizations facing competitive,
regulatory, and community pressures to balance
economic and environmental performance.
19. Firm performance
Firm Performance is the potential and ability of
a business to efficiently utilize the available
resources to achieve targets in line with the set
plans of the company.
• Right Quality.
• Right Quantity.
• Right Time.
• Right Source.
• Right Price.
• Right Place.
20. Green Procurement Practices
• Greater energy efficiency.
• Utilizing clean energy source or technology.
• Controlled use or absence of toxic substances.
• Improved recycling ability.
• Minimal packaging needs.
• Extended durability.
• Reduced water and other natural resource
consumption.