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Pension Fund SWOT Analysis & Strategy - Essay Example

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More than thousands of years the word culture is conceptualized by philosophers, historians, sociologists and anthropologists. In addition, a set of beliefs, values, norms and thinking for behavior of all members of society and their common understandings of each other is called culture. …
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Pension Fund SWOT Analysis & Strategy
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"Pension Fund SWOT Analysis & Strategy"

Download file to see previous pages However, cannot be defined accurately but it can be felt and sensed. Likewise, an organization has its own culture, rules and regulations to follow. Organizations are like societies; therefore, they have their own parameters. If the rules, regulations and parameters are followed strictly and the productivity outcome is excellent, the organization has strong organizational culture. Otherwise, the organizational culture is weak, it is not implemented strongly, or there are weaknesses in set parameters. Significant benefits are obtainable through strong organizational culture. Nonetheless, it is possible when the fundamental of survival structured on ability of an organization regarding changing and acquiring. Thus, strong culture is a liability for an organization (Mobley, Lena and Kate, 128-139). However, strong culture requires SWOT analysis of all the stakeholders of an organization. Five significant external and internal factors There are five significant external factors, which influence positively or negatively the environment of an organization. 1. Customers: The customers of an organization are the core external target of an organization. The customers can be pursued through marketing, and attractive corporate knowledge. An organization needs clients to sell its products; therefore, it is necessary to increase clients. Moreover, strong client’s organization attachment is mandatory. 2...
In addition, the understanding of economic helps to target new markets. 4. Competition: The target markets and ways of business are attached to competitive environment. The organization can decide to enter in a less competitive market or can chose to enter directly in a full competitive market. The market planning of an organization is a decisive factor for success and failure. Clearly, the planning is devised according to competitors’ moves. 5. The public rating: If an organization, fails to gain public support or falls into a scandal it would lose significant business. Public relation professionals are hired to influence public opinion regarding the reputation of an organization. Similarly, five environmental factors affect the internal environment of an organization. They are following: 1. Organizational resources: factors like management techniques, good will, and reputation of company, decision-making models, procedures, and systems are organizational resources. 2. Technology: proprietary knowledge, technological skills, patents, licenses, procedures, computers, IT etc. are technological factors. 3. HRM: hiring and decide the ability of an employee through monitoring, dichotomize sales people, engineers, IT people etc. management and supervision of working environment. 4. Physical resources: buildings, vehicles, inventories, land, equipments and plants are physical resources. 5. Financial capital: the availability of new equity, debt capacity, cash flow in sales and purchase and other related dimensions. If an organization does not have skilled staff, it would exhibit weak leadership of the organization. Poor leaders are unable to recognize talent among workers. Moreover, due to their own weak performance ...Download file to see next pagesRead More
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