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Management Theory and Practice - Essay Example

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The business organizations in a global context are constituted by several factors both endogenous and exogenous by nature. These factors, in turn, are found to govern to a considerable extent the functioning or operations of the business organizations…
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Management Theory and Practice
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Download file to see previous pages The people of different countries do depict changes in tastes and perceptions which are required by the business concerns to effectively tap and thereby bring about changes in the production or operating system. Similarly, in order to tap the different markets in a much effective manner, the business organization must adjust its different policies regarding both price and distribution. The business concern through the changing of their price structure helps in pervading the minds of the consumers in a more prolific manner. Moreover, the business concern should fulfill the different guidelines as envisaged by the government of the country while endeavoring to promote the different goods and services to a large number of consumers. Further, the business corporations in order to internationalize their operations need to gain a large pool of people working across the globe for the company. Working across different cultures and diversities require the business organizations to act in a prudent fashion to help satisfy the needs of both the internal and external stakeholder groups like the employees, the group of suppliers, the consumers and social groups and the government at large (Yip, Loewe and Yoshino, 1988, p.1-8)....
In the light of the above discussion the paper endeavours to analyse McDonald’s sense of adaptability to its changing business environment. Factors of Changes in Business Organisations The increasing mode of globalisation has required the business corporations to synchronize its business processes to adapt itself to the changing business environments. It is observed that business organisations to successfully operate in the global climate need to customize the product or service offerings on an expanded scale. The people of different countries do depict changes in tastes and perceptions which are required by the business concerns to effectively tap and thereby bring about changes in the production or operating system. Similarly in order to tap the different markets in a much effective manner the business organisation must adjust its different policies regarding both price and distribution. The business concern through the changing of their price structure helps in pervading the minds of the consumers in a more prolific manner. Moreover the business concern should fulfil the different guidelines as envisaged by the government of the country while endeavouring to promote the different goods and services to the large number of consumers. Further the business corporations in order to internationalise their operations need to gain a large pool of people working across the globe for the company. Working across different cultures and diversities require the business organisations to act in a prudent fashion to help satisfy the needs of both the internal and external stakeholder groups like the employees, the group of suppliers, the consumers and social groups and the government at large (Yip, Loewe and Yoshino, 1988, p.1-8). McDonald in ...Download file to see next pagesRead More
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