Business and Management Free-Sample for Students-Myassignmenthelp

Question: Explain Major Domestic and International Contextual Factors and how they Affect Business Structures and Strategy. Answer: Business and management are interrelated with each other. Application of effective management techniques assists the personnel of companies and organizations to carry out the business activities efficiently. For the achievement of efficiency in business activities, raw materials are a crucial factor (Gollenia, 2016). Within this, adherence to the integrated structure helps the personnel to create and develop effective plans. Involvement of the employees, stakeholders and shareholders within this process helps the personnel to ensure the effectiveness and feasibility of the proposed plans in terms of the identified and the specified requirements. Maintenance of consistency in the execution of evaluation brings to the forefront the potential drawbacks in the products and services. Exposure of spontaneity in rectification of the drawbacks reflects the corporate attitude of the personnel (Weske, 2012). Herein, lays the true essence of the aspect of management. All these aspects seem true for Westfarmers. Theoretical framework provides a clearer understanding about the basic concepts related to the management of business activities. One of these theories is the contingency theory, which compels the managers to put on their thinking caps in terms of taking decisions for the betterment of the companies and organizations (Fadun, 2013). Maintaining pace with the current trends is an important proposition of this theory. This alignment helps the personnel of Westfarmers to maintain their position within the Australian market. Involvement of the employees, stakeholders, shareholders and agency partners in the decision-making process proves beneficial for Westfarmers in ensuring the effectiveness of the proposed plans in terms of the identified and specified requirements (Wong et al., 2014). Along with the contingency theory, systems theory proves beneficial for Westfarmers in terms of achieving successful completion of the business activities. Viewing it from other perspectives, systems theory helps the personnel of Westfarmers to ensure the presence of defects within the devices. This reflects the consciousness of the personnel towards bestowing productive energy to the buyers. Hiring experts for detecting the presence of virus attacks or hacking interventions is an indication of effective utilization of systems theory by the Westfarmers personnel. Delving deep into the functionality of Westfarmers, for the production of efficient and productive energy, technologically advanced machines are required (Zhang Wang, 2012). Negligence in this direction deprives the Westfarmers personnel from getting uninterrupted current flow for manufacturing efficient energy resources. This negligence is also an obstacle in terms of ensuring the smooth functioning of the internal parts o f the devices. On the contrary, market research in terms of getting the advanced machines. However, ensuring financial flexibility is crucial for adopting mahines, whih aligns with the modern tehnology (Jeston Nelis, 2014). Evaluation of the seleted device helps the personnel to ensure the effectiveness and applicability of the selected device in terms of the identified and specified requirements. Maintenance of consistency in the execution of evaluation brings noticeable improvements in the performance of Westfarmers. Exposure of consistency towards the evaluation upgrades the status of the Westfarmers in terms of enjoying competitive advantage over the contemporary brands. One of the noticeable facts within this is the adherence and compliance to the competitive policies, which helps the Westfarmers personnel to indulge into fair trades, transactions and deals with the contemporary brands (Fleischmann et al., 2014). The fairness in the earlier sentence aligns with the factor of quality, which is one of the major factors for attaining customer satisfaction. In order to manage the business activities, Westfarmers personnel abide by an integrated structure. As a matter of specification, within the management come components, such as sales, operations, finance and human resource management. Finance is an agent, which aters to the effective management of sales operations and human resource management. Flexibility in the financial aspect helps the Westfarmer personnel to introduce prospective schemes, offers and discounts for the buyers. Simultaneously with the success, failures also find its way. Countering this, emerging successful in overcoming the failures, qualifies Westfarmers as leader within the brands struggling for a firm place in the competitive market of Australia (Becker, Kugeler Rosemann, 2013). The effective coordination between the functional units of the departments is the keystone towards managing the crisis period. The major drive behind this is the compliance to the risk assessment process, which is assistance towards re ducing the intensity of the potential risk factors. Identification of the risks and their causes solves half of the problem. Application of known solutions further eases out the process of risk assessment. In case of failures, application of alternate solutions reflects the conscious attitude of the Westfarmer personnel in terms of ensuring the wellbeing of the customers (Weiss, 2014). Along with this, rating the risks projects the confidence of the personnel towards reducing the intensity of the risk factors. Emerging successful in this direction adds value to the roles and responsibilities of the managers. Involvement of the employees, stakeholders, shareholders and agency partners in this risk assessment process helps the organizational personnel in terms of ensuring the effectiveness of the implemented solution for carrying out the business activities (Rosemann Brocke, 2015). Herein, lays the conjoined significance of business and management. Adherence and compliance to the ris k assessment process is an additional assistance in terms of reducing the instances of harassments, discriminations, conflicts among others. Apart from risk assessment, training forms an important component for Westfarmers personnel in terms of managing the business activities. Frequent training programs improve the grasping power of the employees on the basic management skills. Providing training to the employees on the operation of the devices brings efficiency in the business activities of the organization. Taking post-training tests enables the managers to test the capability of the employees to make practical application of the learnt skills in the workplace operations (Dumas et al., 2013). Moreover, trainings also prove essential in handling the emergency situations in an effective manner. Provision of adequate motivation and encouragement by the managers generates an urge among the employees to expose better performance. Maintenance of consistency from both sides in this context results in the exposure of professional performance of the Westfarmers personnel. Conscious attitude towards the reduction of carbon and smoke emission enhances the corporate social responsibilities of the organization (Chang, 2016). As a matter of specification, boycotting the utilization of carbon footprints in the manufacture of the energy resources proves advantageous for the organization, Westfarmers in mitigating the health hazards of the customers. This action expands the reputational status of the organization into a widespread one. Exposure of consciousness in this direction uplifts the corporate attitude of the personnel. This results in the establishment of professionalism in the workplace of the organization (Hutt Speh, 2012). Provision of safe and comfortable workplace to the employees results in the outpour of creative output, which takes the organization, Westfarmers to achieve high growth rate and a sound profit margin. Adoption of social media helps the organization, Westfarmers to expand the business. Putting the news of the newly launched devices makes the investors aware of the organizational issues. The means of social media supports the organization to increase the trafficking of the audience towards the brand image (Aalst, 2013). Levying authentic information to the customers, agency partners enhances the brand awareness of the organization. One of the noticeable features about Westfarmers is the effective management of human resources. Provision of training on the effective and judicious utilization of the organizational resources adds efficiency in the business activities. Viewing it from other perspective, this efficiency contradicts the issues of inadequate stock of raw materials. Attaching the concept of soial media here, advertising authentic information about the recruitment process systematizes the management of human resources (Rglinger, Pppelbu Becker, 2012). Herein, management and business can be placed in an equal alignment, which establishes relevancy with the requirements of the discussion. Emerging successful in overcoming the challenges attains a different connotation towards management. Herein, the statement, Failures are the stepping stones of success, becomes tautologically true. Dedication and commitment towards upgrading the services adds color to the steps, which leads to the path of success. On the contrary, negligence in this direction aggravates the hardness of the stones, which detach the organization from the identified and specified business requirements (Hutt Speh, 2012). Herein, lays the interplay with the phases of success and failure of the organization, which adds value to the discussion. On the other hand, this interplay can be aligned with the organizational capability to restore lost glory and honor within the competitive ambience of the market. Different parameters of management helps Westfarmers broaden the perspectives of the managers. Risk assessment brings to the forefront the areas on which training needs to be delivered to the employees. Effective and judicious utilization of the provided training adds efficiency in the business activities of the organization (Chang, 2016). Within this, utilization of the means, such as, social media acts as a promotional activity for the organization in terms of achieving large scale ustomer satisfaction. Specifically, execution of marketing mix supports the organization to align with their mission, vision and core values. Consciousness of the personnel in this direction adds to the organizational culture, which provides a better placement to the organization within the Australian market. References Becker, J., Kugeler, M., Rosemann, M. (Eds.). (2013).Process management: a guide for the design of business processes. Springer Science Business Media. Chang, J. F. (2016).Business process management systems: strategy and implementation. CRC Press. Dumas, M., La Rosa, M., Mendling, J., Reijers, H. A. (2013).Fundamentals of business process management(Vol. 1, p. 2). Heidelberg: Springer. Fadun, O. S. (2013). Risk management and risk management failure: Lessons for business enterprises.International Journal of Academic Research in Business and Social Sciences,3(2), 225. Fleischmann, A., Schmidt, W., Stary, C., Obermeier, S., Brger, E. (2014).Subject-oriented business process management. Springer Publishing Company, Incorporated. Gollenia, L. A. (2016).Business Transformation Management Methodology. Routledge. Hutt, M. D., Speh, T. W. (2012).Business marketing management: B2B. Cengage Learning. Jeston, J., Nelis, J. (2014).Business process management. Routledge. Rglinger, M., Pppelbu, J., Becker, J. (2012). Maturity models in business process management.Business Process Management Journal,18(2), 328-346. Rosemann, M., vom Brocke, J. (2015). The six core elements of business process management. InHandbook on business process management 1(pp. 105-122). Springer Berlin Heidelberg. Van Der Aalst, W. M. (2013). Business process management: a comprehensive survey.ISRN Software Engineering,2013. Weiss, J. W. (2014).Business ethics: A stakeholder and issues management approach. Berrett-Koehler Publishers. Weske, M. (2012). Business process management architectures. InBusiness Process Management(pp. 333-371). Springer Berlin Heidelberg. Wong, W. P., Tseng, M. L., Tan, K. H. (2014). A business process management capabilities perspective on organisation performance.Total Quality Management Business Excellence,25(5-6), 602-617. Zhang, P., Wang, C. (2012). The evolution of social commerce: an examination from the people, business, technology, and information perspective.