Competitive pressure often means that business organizations must frequently assess their competitors’ strengths and weaknesses, as well as their own, to remain competitive. Explain how would the pandemic affect this business practice?
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Competitive pressure often means that business organizations must frequently assess their competitors’ strengths and weaknesses, as well as their own, to remain competitive. Explain how would the pandemic affect this business practice?
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- With relevant evidence discuss how the pandemic has negatively affected two industries of your choice, and evaluate the Government’s effort in trying to resolve the market failures in these industries.Why do you think it is important for managers to understand the mechanics of supply and demand both in the short run and in the long run? Give examples of companies whose business was either helped or hurt by changes in supply or demand in the markets in which they were competing.Forces Affecting Business in Today's Dynamic Environment The business environment consists of several factors that affect a business's ability to be successful and operate profitably. Creating the right business environment is the foundation for social benefits of all kinds. Businesses operate in a dynamic environment that consists of economic, technological, competitive, social, and global factors. Businesses normally can't control their environment or the changes that occur, but they need to monitor it carefully and do what they can to adapt to the changes. Read the descriptions of each company, then match it with the appropriate environmental force. 1 Global Social 3 Technological 4 Economic and legal 5 Competitive
- What suggestions or solutions do you have for the owners of Micro, Small, and Medium Enterprises to cope with the pandemic?With your team, choose three established business theories that apply to the current event and market reactions. Recommend alternative courses of action that are consistent with established business theories and concludeChoose two organizations operating in the same sector. Write a report on the comparison of CSR activities of two companies. The template is provided as follows. 1-Describe the profile of two companies selected and CSR activity carried out by each company? 2-The Positive Impact of CSR on the Society ? 3-Your opinion -Any three CSR Activities that you suggest to the Organizations and their Significance?
- When you consider how the pandemic and modern technology have altered the foundations of business, what further challenges do you foresee?From a strategic perspective, discuss recent environmental changes that have caused strategic issues with which the company is dealing in real time, today. Information concerning recent changes in the firm is readily available online. Define company’s industry. Identify and discuss the political forces that have influenced this industry. Identify and discuss the economic forces that have influenced this industry. What political and economic challenges does your company face today? Provide specific recommendations for the company to respond to these challenges. Imagine that you are the top executive of a competitor of the company you reviewed. Explain in detail what you would do to position your company for success in an industry seemingly dominated by your review company?The Challenges Ahead and describe possible ways in which business and society could help to solve or eliminate the problem in the future.