Competency 1 Reflection: Analyze the needs of organizations within a changing global business environment.
Respond to the following in a minimum of 500 words:
The global business environment is constantly evolving based on the forces in the general and task environment. In order to sustain the company and maintain a competitive foothold, organization leaders must consistently analyze the global environment and adjust their strategy as needed. Managers play an important role in implementing strategies to achieve a company’s mission and goals. Accounting homework help
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Consider the four functions of management (e.g., planning, organizing, leading, and controlling). How would you characterize your current or past supervisor’s approach to management? Consider these questions in your response:
- Which particular management tasks and roles does this person perform most often?
- What kinds of management skills does the manager have?
- How does this approach affect a global environment?
Now that you’ve considered the approaches to management, you can focus on the strategy that is affected by the management team. Research a company with stockholder reports available. These reports can usually be found on a company’s website. Use the report to answer the following questions:
- What is (are) the main industry(ies) in which the company competes?
- What business-level strategy does the company seem to be pursuing in this industry? Why?
- What corporate-level strategies is the company pursuing? Why?
- Have there been any major changes in its strategy recently? Why?
Include citations in your response. Accounting homework help