Environmental Forces that Impact the Business-Samples for Students

Question: Describe the organisational structure of the business. Discuss the external and internal environmental forces that impact the business. Answer: Organizational structure means hierarchical arrangement of lines of communications, authority, rights and duties of an organization. Organizational structure is responsible for determining the manner in which power, roles and responsibilities are controlled, assigned and coordinated along determining the flow of information between the various levels of management (Mills, Bratton, Mills Forshaw, 2006). The organizational structure is dependent on the objectives and strategies of the organization (Baligh, 2006). The focus of this essay is on the company Siemens. This essay explores the organizational structure of Siemens, the external and internal environmental forces and risk that impact its business along with suggestions regarding important business functions and business practices decisions for the enhancement of organizational performance and achievement of strategy. Siemens follows the organizational structure of a company where the operations are organized in three sectors with 15 divisions. The structure is managed by the managing board of the organization. The key divisions of Siemens include infrastructure, industry, energy and healthcare. Their positioning along the electrification value chain is maintained by the key drivers of the business of Siemens which include electrical energy, electrification and automation. Moreover, risk mitigation activities are always taken into consideration by way of adopting a risk based approach (Siemens, 2018). The business of Siemen is impacted by various external and internal environmental forces. The external environmental factor includes the economy, competition, politics and customers and suppliers. On the other hand, the internal environmental factors include employees, company culture, finance, etc. (Sherman, 2018). Since Siemens is involved in the business of power generation and transmission, it is significantly affected by the market trends of undertaking sustainable business practices by way of shrinking their carbon footprint and making the use of more renewable energy resources. The business of Siemens is affected by a variety of threats relation to competitors, global environment, political factors, new technology, etc. (Pride, Hughes Kapoor, 2009). Market conditions such as changes in the interest rates and market rates affects Siemens. While performing business in other countries, the profitability of Siemens is severely impacted due to variations in the foreign exchange ra tes. Moreover, when new technologies are introduced in the market or innovations take place, the complete scenario of the market is changed due to which Siemens faces significant variations in the demand of its products. The external environmental forces require Siemens to take into consideration the strategies of the competitors for capturing the market and taking necessary steps for formulating own strategies. Skills are required by Siemens to take necessary decisions and for performing the day to day operations of business. For this purpose, Siemens requires to make the employment of competent individuals who meet the eligibility criteria for employment. Proper consumer, market and industry analysis is required to be performed from time to time in order to take into account the changes taking place on constant basis. Therefore, the environmental forces severely impact the business of Siemens. Various risks are confronted by Siemens such as the volatile nature of the energy prices which has the direct impact on the profit. Moreover, various financial risks relating to interest rates, exchange rates and credit risk impacts its profitability from time to time (Hill, 2008). Since Siemens have spread its operations in the global market, it experiences the risk of competition from the major companies of this sector across the world. The competition risk, if not met effectively, has the capability of leading Siemens towards the closure of its business and loss of reputation. Societal risks are also experienced by Siemens during the expansion of their business in the various parts of the world. The difference in the culture of the foreign markets leads to difference in their needs and requirements (Hamilton Webster, 2015). In case, Siemens do not address and understand the culture of the place of its expansion, then it may face a risk of alienating customers and losing its profi tability position (Ferraro Briody, 2017). When the social structure of the place of business is not a good fit then the business faces a risk in survival. Global economic risk are faced by Siemens due to weaknesses in certain economies, industries and markets which leads to a unexpected fall in demand for its products and cannot be controlled by Siemens. Furthermore, changes in the laws, rules and regulation presents legal risks for Siemens. If proper attention is not paid towards the compliance of these laws, rules and regulations then strict penal actions may apply on Siemens.For the enhancement of the organizational performance of Siemens, certain business practice decisions should be made regarding high performance work practices, benchmarking, employee engagement, etc. Since it is the employees who work for the success of the organization, Siemens should take steps for the purpose of empowering the employees to take better control over the decision making related to operations and work (Macky Boxall, 2007). This will result in motivation among the employees along with an effective flow of communication that will significantly assist them in working as a team. Siemens should also aim at achieving employee engagement by way of restructuring process for making it interesting, challenging and motivating. Proper information should be provided to the employees regarding the performance and operations of the organization in order to make them aware regarding the happening in the company and creating a sense of job security. High performance work practices should include the financial reward to be offered to the employees for their higher performance in order to motivate the employees (Timiyo, 2014). When the employees will get motivated, the performance of Siemen will automatically improve. It should also include innovation or employee suggestion programs where employees are given an opportunity for suggesting their innovative ideas for enhancing organizational performance (Combs, Liu, Hall Ketchen, 2006). High performance work practices also includes HR practices relating to performance appraisals, recruitment, training and development, etc. that focuses on the skill development and human capital investment within the organization (Caruth, Caruth Pane, 2008). Moreover, Siemens should focus on the adoption of best practices that is the best ways of functioning in order to achieve the objectives of the business. This can be done in the form of quality management, information management, stock control, etc. which will result in enhancing the performance of Siemens in the market. Benchmarking will allow Siemens to compare their business with the other businesses which have attained the heights of success for highlighting the areas where there are requirements for improve ment. For the purpose of achieving the strategy of focusing on innovation- driven growth markets, getting closer to the customers and using its power, Siemens need to concentrate on the most important functions within the organization. The strategy will be achieved only when the products will be produced by Siemens in accordance with the requirements of the customers. For this, Siemens should focus on the operations function that will plan and coordinate the resources required for designing, producing and delivering the products to the customers. Siemens should assure that there is availability of enough capital for the different functions performed in the organization including research and development for bringing innovation in the products. Siemens desires to be counted among the best businesses for which it requires to focus on its human resource function for hiring the exceptional employees and creating a motivated, excellent and expert team (Siemens, 2018). The employees will make be st efforts for the organization when Siemens will take steps for their development, by providing them equal opportunities and encouraging cooperation across all borders. Further, Siemens should focus on the marketing function for promoting the products to the target customers and bringing the feedback of the customers to the organization. This will assist Siemens in increasing the sales of the business. When Siemens will have equal focus on all the functions of the business then it will lead the organization toward the achievement if the strategy. Therefore, it can be concluded that the business of Siemens is affected to a great extent by the internal and external environmental forces such as threats, trends, skills, etc. For meeting the requirement of its customers, Siemens need to consider their needs and want, make the employment of individuals and make the production of products in accordance with the needs. Siemens is confronted with a number of risks while conducting the business such as financial, global economic and societal risks. Furthermore, some business practices decisions regarding high performance work practices, benchmarking and employee engagement should be made by Siemens in order to motivate the employees and enhance the performance of the organization. Also, all the functions of the business should be given equal consideration by Siemens for achieving the strategy References Baligh, H. H. (2006). Organization Structures: Theory and Design, Analysis and Prescription. Springer Science Business Media. Caruth, D. L., Caruth, G. D. Pane, S. S. (2008). Staffing the Contemporary Organization: A Guide to Planning, Recruiting, and Selecting for Human Resource Professionals, 3rd Edition: A Guide to Planning, Recruiting, and Selecting for Human Resource Professionals Third Edition. ABC-CLIO. Combs, J., Liu, Y., Hall, A., Ketchen, D. (2006). How much do high?performance work practices matter? A meta?analysis of their effects on organizational performance.Personnel psychology,59(3), 501-528. Ferraro, G. P., Briody, E. K. (2017).The cultural dimension of global business. Taylor Francis. Hamilton, L. Webster, P. (2015). The International Business Environment. Oxford University Press. Hill, C. (2008). International business: Competing in the global market place.Strategic Direction,24(9). Macky, K., Boxall, P. (2007). The relationship between high-performance work practices and employee attitudes: an investigation of additive and interaction effects.The International Journal of Human Resource Management,18(4), 537-567. Mills, A. J., Bratton, J., Mills, J. C. H. Forshaw, C. (2006). Organizational Behaviour in a Global Context . University of Toronto Press. Pride, W., Hughes, R. Kapoor, J. (2009). Business. Cengage Learning. Sherman, F. (2018). What Are Internal External Environmental Factors That Affect Business?. Retrieved March 27, 2018 from https://smallbusiness.chron.com/internal-external-environmental-factors-affect-business-69474.html Siemens. (2018). Siemens unique strength. Retrieved March 27, 2018 from https://w5.siemens.com/belux/web/en/about/vision/Pages/strength.aspx Timiyo, A. J. (2014). High Performance Work Practices: One best-way or no best-way. Journal of Business and Management. vol 16(6). pp. 8-14.

Brief Article Teaches You the Ins and Outs of Pharmacy School Personal Statement and What You Should Do Today

Brief Article Teaches You the Ins and Outs of Pharmacy School Personal Statement and What You Should Do Today New Ideas Into Pharmacy School Personal Statement Never Before Revealed Whichever college or university you desire to attend, you might have to to compose an admission essay. Make certain you explain why you desire this course and why you believe you are acceptable for it. Discover which is situated in high school. Each school might be different. So bear in mind that you can't concentrate on only one quality for your candidacy at the cost of others. So for those who have zero clue where to begin, place a purchase. Another thing to check in your private statement is if it does not have any grammar mistakes. However you get experience, the most crucial thing is to get first hand involvement in pharmacy settings so you've got a comprehension of the profession. As you continue to write, your ideas will grow more focused and you'll be in a position to add and delete what you do and don't want to use. Nonetheless, this true work had taught me the way to get together with the patients whom I consider an essential aspect to accomplish success in the job place. If you wish to make your paper impress the perfect folks, you have to check if your essay has covered the crucial points starting with a great introduction. Start early writing your own personal statement will call for much thought and reflection. At the exact same time, it's a chance for the student to reveal why they've chosen the program and the reason why they fit in with the goals of the program. Research the site of each individual school which you're applying to. The personal statement thus plays an important part in determining which of the students are entitled to join a pharmacy program. Now, to be able to attain success in the PCAT Examination, students want to learn ho w to organize and do a systematic study to double your likelihood of success. Through PharmCAS, you will submit the majority of your normal application info and materials. It's extremely important to read carefully essay services reviews, because you would like to steer clear of low excellent services. The more you're able to get used to the test format and study the materials, the better prepared you'll be to reach your potential. See below for more information on the admissions process. A pharmacy personal statement sample is going to supply you with tons of information on the best way to proceed with this important bit of writing that you must go through when you make an application for pharmacy school. Great personal statement that's a perfectly written pharmacy. Your pharmacy personal statement is valuable to your application which is the reason why you should assemble the ideal essay that you're able to muster. This example Pharmacy Postgraduate Personal Statement is meant to supply a great point of reference when you're writing your very own per sonal statement. You've got to compose several academic papers over the span of a year. Your essay needs to be biographical, therefore it should flow from your own experience. The application essay is your opportunity to tell why pharmacy is your preferred career. If you're thinking that you will need someone to compose my essay at this time, you can just rely on our honest reviews. The review is going to teach you all you will need to understand and then you may place your purchase confidently. While asking a buddy to compose your recommendation letter might not be the very best idea, you can depend on your friends to proofread your pharmacy college application. You must also have a look at the details you're sharing to see if they're related to the course that you're after. We present to you the very best essay writing service reviews in order to understand precisely what to expect before actually placing your purchase. The tips mentioned previously are useful when writing your essay only because they help you put emphasis on the most essential bits of your abilities and achievements.

How to Organize a Social Function

How to Organize a Social FunctionStudents in high school may wonder how to best organize a social or current event for their classmates. When most of us grow up, we don't organize our friends' parties, and we certainly don't plan a graduation party. In this article, we will discuss the primary functions of an organization and some strategies you can use to create a social party.The first function of organizing a current event format is to avoid confusions. By making sure that everyone has a clear understanding of the tasks at hand, you will eliminate confusion. It is important to make certain that there are no ambiguities. For example, you don't want to have a basketball game at the school gymnasium on the Fourth of July. You can't have all the students get out of class and play the game or you will have a number of players on each team who don't know each other very well.By the same token, it is often a good idea to make sure that everyone knows the rules for social functions. If th ere are any games or activities that you are not going to permit that will get the attention of the parents, inform everyone ahead of time. Having rules is one of the primary functions of an organization and, although it might seem counterproductive to some people, it is a highly effective strategy for avoiding problems.Another primary function of an organization is communication. In many ways, a current event is much like a class presentation. You need to communicate with the entire group. Everyone needs to know what they will be expected to do and when they will be expected to do it. And, if there are any announcements or other events that need to be scheduled, you need to make sure that everyone is aware of those plans.An organization can really help your high school students organize their own social functions. They will not only learn the overall structure of how to organize a party, but they will learn how to promote a social event and advertise their talent scout. You will al so learn how to plan a real party from scratch and how to budget for it. In short, you will learn how to handle an ongoing event.Most importantly, when you are creating a current event format, you will learn how to limit your students' communication with each other. This is to keep them from becoming too scattered.These recent events have helped you see that there are many functions that can be organized. If you are interested in learning more about creating an organization, contact us to schedule a free consultation.

How to Choose College Essay Topics That Will Stand Out

How to Choose College Essay Topics That Will Stand OutArgumentative essay topics can be challenging, but there are certain things you can do to make it a little easier. These tips will help you get the most out of each essay topic and make sure you get the most out of the college experience.Not only should you plan your essay topics well in advance, but you also need to do the research to ensure that the topic you select is one that fits in with your objectives. If you find yourself grappling with a difficult topic, think about whether or not it could fit with the goals you have set for yourself at this point in time. This will help you decide whether or not you want to pursue the topic further, or even how you will structure your arguments to best communicate your views to your college writing committee.One of the biggest mistakes made by many students is that they lack enough intellectual energy to work on their college life outside of their essays. This can result in the assignmen t being left half done. It may be tempting to simply move on to the next essay topic, but resist this temptation. Instead, try to approach your essay topics in the same fashion as you would your personal life - by finding things you know you are passionate about and do your best to incorporate these interests into your argumentative essay topics.If you don't know what you are passionate about, use the 'things I'm passionate about' question in your college life research. You can even use it in other areas of your life to see where you can apply it to your college experiences. When you find something you are passionate about, draw on this information in your argumentative essay topics to write compelling arguments.Passion plays a large role in developing your arguments in college, so when you are researching, do not forget to ask yourself whether or not you are passionate about your argumentative essay topics. If you are, then you can rest assured that you have taken the right steps t o write an interesting essay.One last thing you can do to make sure that your argumentative essay topics are appropriate is to find a professor you respect. Make sure they are at least one step above you in terms of reputation. This will help to keep them from providing suggestions on topics that may not be suitable for you, and you will be more likely to get the research topics that are appropriate for you.These three simple ideas will help you choose the argumentative essay topics that will make you stand out from the crowd at your college. Using these ideas, you will be well on your way to writing a first-rate college essay, one that will impress the faculty, but also impress your college writing committee.

Sample Essay on Bad Mom Versus Good Mom

Sample Essay on Bad Mom Versus Good MomA sample essay on bad mom versus good mom is a form of writing to be used as part of a high school student's yearbook. You should know that if you are writing an essay on bad mom versus good mom for the yearbook, you have to do it with passion and pride so that it will show to the other students that you are a true and sincere student.What I want you to do is to make sure that you do the writing in a logical and organized manner. You need to consider the structure and make it work well. Make sure that you provide the reader with all the necessary information they need before you go on with the argument.This essay is to be based on a true fact. I am assuming that you have a bad mother. You probably never know about it. If you find out that your mother is no good, then the perfect way to put up a true story is by including her in your essay.To do this, you can ask her if she is indeed a good mother. If she says yes, then you can write a story abou t how you found out about it. To illustrate the whole story, you can explain the reasons why she is no good mother. Don't exaggerate anything but make it sound like a true story.Once you have completed the story, you will then have to determine the different characteristics that make her no good mother. After you have done this, you should write a list of them and indicate whether the traits belong to good or bad. There are some of them that are both good and bad so you will have to choose which one you prefer to include in your essay. This is something that you should do with great deliberation.It will give you a lot of inspiration and you can make the story more interesting by inserting in it bits and pieces of parts from other stories. Whatever you can find, you should use it so that the essay on bad mom versus good mom is just the best it can be.If you have not discovered yet that she is no good mother, then you must take action immediately. Write this article to let the other s tudents know about it. Encourage the readers to read it, get to know about it, and if possible, write them their own essays about what kind of mothers they would prefer. Just make sure that you use your sample essay on bad mom versus good mom for the yearbook.

Law OF Diminishing Returns Essays - Production Economics

Law oF Diminishing Returns The Law of diminishing returns is a key one in economics. It is used to explain many of the ways the economy works and changes. It is a relatively simple idea; spending and investing more and more in a product where one of the factors of production remains the same means the enterprise will eventually run out of steam. The returns will begin to diminish in the long run. If more fertilizer and better machinery are used on an acre of farmland, the yield will increase for a while but then begin to slow and become flat. A farmer can only get so much out of the land, and the more the farmer works, the harder it gets. The economic reason for diminishing returns of capital is as follows: When the capital stock is low, there are many workers for each machine, and the benefits of increasing capital further are great; but when the capital stock is high, workers already have plenty of capital to work with, and little benefit is to be gained from expanding capital further. For example, in a secr etarial pool in which there are many more secretaries than computer terminals, each terminal is constantly being utilized and secretaries must waste time waiting for a free terminal. In this situation, the benefit in terms of increased output of adding extra terminals is high. However, if there are already as many terminals as secretaries, so that terminals are often idle and there is no waiting for a terminal to become available, little additional output can be obtained by adding yet another terminal. Another application for this law is in Athletics, for runners, their investment is the time and energy put into training and the yield is hopefully improved fitness. Early in their running careers or early in the training program a couple of weeks of regular training would be rewarded with a considerable increase in fitness. Having achieved a very fit state though, two weeks of regular training will achieve a barely perceptible increase in fitness. But in today's world, this famous law seems to have been turned on its head. In Japan, for example, huge amounts of investment have resulted in large increases in the economy and large increases in capital goods per worker. But the rate of productivity growth did not decline the way one would have expected on the basis of diminishing returns. Japan got ahead and stayed ahead.

On Writing Reader Response Section #2(pg80-136) essays

On Writing Reader Response Section #2(pg80-136) essays In the second assigned section of On Writing, Stephen Kings life is still being told in a memoir style. The section starts off with King finishing his explaining his high school inspirations for Carrie. One was Sondra, a social outcast who went to high school with King. When hired by the mother of Sondra to move furniture, the first thing that King noticed in the house was a graphic, near to life-like crucifix. The other girl was named Dodie. She, like Sondra, was a social outcast too. She only had 1 outfit for school and got teased for that fact. It got old, tattered, and smelly. When se finally got a new outfit after Christmas, the teasing only intensified. Both the girls ended up dying soon after high school. When King did publish Carrie, he ended up receiving two hundred thousand dollars for it; eliminating any financial worries. The book go on to describe Stephen Kings drug problems. He had started his drug addictions with alcohol on his senior trip and it ended up with him sniffing crack. He managed to beat the addictions after an intervention. After the biography ends, King goes on to the technical side of writing. It begins with a demonstration of describing details comparing it to telepathy, Then he goes on to describing the tools of writing to an actual toolbox. Important tools, like grammar and vocabulary on top and other tools such as paragraphs on the lower level. ...