StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

MGMT499 U4 DB - Research Paper Example

Cite this document
Summary
Integration of modern and innovative technology is an effective factor that enhances business success. Businesses employ innovative technology in order to improve the quality of their processes…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.1% of users find it useful
MGMT499 U4 DB
Read Text Preview

Extract of sample "MGMT499 U4 DB"

Business success al Affiliation External forces that lead to the success of the business Various external factors allow businesses to achieve their goals and objectives. Integration of modern and innovative technology is an effective factor that enhances business success. Businesses employ innovative technology in order to improve the quality of their processes (Wright, 2014). Production of high-quality products leads to an increase in demand that positively affects the profitability of the business.

A company such as Apple Inc. engages in high and innovative technology in order to produce products that increase their competitive advantage. The company remains at the topmost part of technology modifications thus improving their exponential rate. Proper management is also essential in enhancing business success (Wright, 2014). Apple Inc. has embraced proper management through teamwork in order to increase their sale capacity. Through their dedicated teamwork, Apple Inc. has become a leading company in the world.

Events that can cause a negative impact to the company Increase in the cost of acquiring new and innovative technology is a major event that could cause a negative impact to the company. Increase in the production cost leads to a decrease in the profit margin. Low-profit margin is a major factor that affects business success (Long, 2014). If there is a negative effect due to the high cost of purchasing innovative technology, the company can respond through increasing the price of their products.

Change in leadership is another event that could happen leading to a negative impact to the company. Vertical form of leadership prevents teamwork in the company. In this case, subordinate employees are denied chances to engage in decision-making processes of the company. This approach lowers the capacity of the company to become successful. If there is a negative impact due to lack of teamwork, the company can allow workers to engage in decision-making in order to enhance business success. Teamwork allows the company to change it strategies in order to acquire higher market share.

Staff members in the company participate in the production of high-quality product and offering standard services, which boost their success (Long, 2014). ReferencesLong, N. (2014). Critical Success Factors in Business. Retrieved September 17, 2014, from Houston Chronicle: http://smallbusiness.chron.com/critical-success-factors-business-2695.htmlWright, F. (2014). Factors Impacting on Business Success. Retrieved September 17, 2014, from Entrepreneur: http://www.entrepreneurmag.co.za/advice/starting-a-business/start-up-advice/factors-impacting-on-business-success/

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“MGMT499 U4 DB Research Paper Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.org/human-resources/1657489-mgmt499-u4-db
(MGMT499 U4 DB Research Paper Example | Topics and Well Written Essays - 250 Words)
https://studentshare.org/human-resources/1657489-mgmt499-u4-db.
“MGMT499 U4 DB Research Paper Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/human-resources/1657489-mgmt499-u4-db.
  • Cited: 0 times

CHECK THESE SAMPLES OF MGMT499 U4 DB

The Immigration Reform and Control Act

In advising Patricia, I would like to begin by letting her know that the Immigration Reform and Control Act of 1986 is applicable to all the employers in USA including herself.... As an employer, she should have a sound knowledge of this act since it is part of the constitution.... hellip; It is important for her because it will enable her to be keen on the kind of employees she recruits....
1 Pages (250 words) Assignment

MGMT436 U4 DB1 External Consultant

A centralized functioning creates problems not only in the employees' end, but also to the end-users.... Several reasons cause the functionality back office of the company… Since customers get better services in the local areas, they are not willing to offer the changes.... Second, employees' inefficiency that creates a work backlog and insufficient External Consultant The analysis of the case reveals problems that the financial services departments of global business face....
1 Pages (250 words) Research Paper

MGMT436 U4 DB2

Through technology, organizations are enabled to compete exceptionally in the market.... From this influence, competition is increased.... To gain a competitive advantage, practices are required to change to retain their… This change is additionally based on the ability of an organization to consider technology effectively. The process of organization change has been mostly influenced by technology....
1 Pages (250 words) Research Paper

MGMT442 U3 DB

In the modern times the organizations are bound to provide the employees with such set of conditions that will allow for benefiting the individuals and in turn the organization.... A set of these factors can be deducted.... The following are three basic elements and developmental… Each of these important due to the fact the modern times are highly competitive and driven by excessive competition and demands from the clients end....
1 Pages (250 words) Research Paper

MGMT442 U5 DB

Communication programs can be effectively utilized if the employees are also allowed to control or at least have a controlling share of the program other than it being controlled by the management alone.... This is so because when the employees have part control, they will own the… Frequent changes should also be made to the communication programs with advancement in communication and technological equipment Employee Communication Programs Affiliation: Communication programs can be effectively utilized if the employees are also allowed to control or at least have a controlling share of the program other than it being controlled by the management alone....
1 Pages (250 words) Research Paper

MGMT499 - 1403B - 04 Individual Project 3

These forms assist in evaluating supervisors in order to access their performance and contribution towards the success of the organization (Dahm, 2014).... hellip; It also advices and motivates employees by encouraging them and giving them directions on what to do to succeed in their jobs. The Every supervisor in the department should be honest to ensure that the process is successful (Sargeson, 2009)....
4 Pages (1000 words) Research Paper

MGMT458 U3 DB

The economic changes also shape the human capital retention MGMT458 U3 db al affiliation MGMT458 U3 db The retention of human capital is affected by the internal as well as the exterior factors.... As seen in the research conducted by Baron (2007), external factors such as the political standing affects if the human resource will be retained or not....
1 Pages (250 words) Research Paper

MGMT499 U3 DB

Using the grading form displayed above, James Anderson, a supervisor with one of the companies that worked for in the past can be classified as having excellent interpersonal skills, earned values and leadership skills.... On the earned values, the supervisor can be deemed as… In addition, the named supervisor was also always creative and his work, which led to high quality work....
1 Pages (250 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us