the changing business environment 3
TRANSCRIPT
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THE CHANGING BUSINESS ENVIRONMENT
L5 Pathways Business Management
3. Coping with Change (Part 2)
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ORGANISATION CONTEXT
Political
Economic
Social
Environment
Technology Legal
External Environment
Industry Rivalry
Suppliers Power
Buyers Power
Potential Entrants
Potential Substitute
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MISSION & CONTEXT
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LEARNING OUTCOMES
Learning Outcomes Assessment Criteria
1. Evaluate and analyse the factors that influence business and the responses that can be deployed to manage these factors
1.1 Identify and make use of different approaches to understanding the macro and micro environments for business
1.2 Review business resources and external factors and trends to identify where business performance could be positively or negatively affected 1.3 Recommend responses to external factors and trends
2. Appreciate how an integrated approach to understanding the business context and decision making can support business development.
2.1 Identify and prioritise organisational changes to individual businesses that would counteract negative or support positive business environmental factors and trends
2.2 Use case examples to illustrate the impact of responding to business environmental factors and trends 2.3 Evaluate the role of management in responding to a changing business environment
3. Investigate the changing relationship between the private and public sector.
3.1 Use scenarios and models to illustrate changes in relationships
3.2. Use SMART objectives3.3 Identify opportunities that may arise due to changes in relationships
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ANY CASES:Pick A Business:
What is the current status?
Describe the business / enterprise - what business are they in?
What are the Main External Factors which can / will impact it?
What are the possible impacts?
On Sales?
On Profit?
On Survivability?
What do they mean for the Business?
What are the implications?
What can we do about them?
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BUSINESS NAME: AIRBNB
Disrupted by Covid???
Sudden Revenue Collapse
Standing Costs
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MORE RULES …
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IMPLICATIONS OF GDPR?What are the implications for every business?
What are the implications for your business?
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J.C. PENNEY & MARVIN!Founded April 14, 1902 (116 years ago)
Kemmerer, Wyoming, U.S.Founders James Cash Penney
William Henry McManusHeadquarters 6501 Legacy Drive, Plano, Texas, U.S.
Number of locations
864[1] (Q3 2018)
Area served United States
Key people Ronald Tysoe(Chairman)Jill SoltauProducts • Clothing cosmetics electronics
footwear furniture housewares jewelry appliancesRevenue $12.506 billion (FY2018)
Operating income $282 million (FY2018)
Net income $116 million (FY2018)
Total assets $8.413 billion (FY2018)
Total equity $1.379 billion (FY2018)
Number of employees
98,000 (2017)]WikiSource
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THE PRIVATE RADIO STATION STORY Commercial radio outlawed in Ireland until 1989
This lead to the development of Pirate Radio
LW / MW / FM / DAB
Local Radio Ownership includes:
Communicorp - 98FM, SPIN 1038, SPIN South West and Highland Radio
Wireless Group - Dublin's Q102, Cork's 96FM, FM104, Limerick's Live 95FM,
LMFM and 103FM County Sound
Raidió Chiarraí Teoranta - Radio Kerry, Shannonside FM, Tipp FM, Clare FM
Tindle Radio Group - Midlands 103
Connacht Tribune - Galway Bay FM
realise value, hidden withinIn Control?
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SOUNDTOWER RADIO STATION:Independent, privately owned Radio Station
Broadcasts 24/7, 365 (includes 8 hrs overnight repeats 11pm - 7am)
Broadcasts to a possible market of 1.4M people
Allowed to broadcast 9 minutes of ad-time per hour
Must have 15% talk time (non-music)
Permitted to broadcast on an allocated radio frequency
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INTERCONNECTEDNESS
Financial
Customer
Production /
Operations
Capability / HR
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Still the Fastest