The Management cannot overlook the environment, whether market or non-market. In the light of the above statement, explain the link between social developments, the industrialisation process and the management culture. The term “environment” refers to the totality of all the factors which are external to and beyond the control of individual business enterprises and their managements. Environment furnishes the macro-context, the business firm is the micro unit. Hence, the business enterprises and their managements cannot overlook the environment. Now what do we mean environment here? Environment: The environment factors are essentially the “givens” within which firms and their managements must operate.
For example, the value system of society, the rules and regulations laid down by the government, the monetary policies of the central bank, the institutional setup of the country, the attitude towards foreign capital and enterprise etc. The environment may be classified into market environment and non-market environment depending upon the factors influencing the business firm’s environment. Market environment: Here the business firm’s environment is influenced by market forces like demand, supply, number of other firms and the resulting price competition, or non-price competition etc Non-market environment: The major factors contributing the non-market environment are forces like Government laws, social traditions etc. There also exists another classification of the environment: economic and non-economic. Non-economic environment refers to social, political, legal, educational, and cultural factors affecting business operations. Economic environment, on the other hand, is given shape and form by factors like the fiscal policy, the monetary policy, the industrial policy resolutions, physical limits on output, the price and income trends, the nature of the economic system at work, the tempo of economic development, the national economic plan etc.
The Business plan on Business Management Danone
... factors of a business organization include: * Macro-environment factors (PESTLE analysis): “identifying the Political, Economic, Social, Technological, Legal and Ecological factors affecting an organization. ” * Micro-environment factors ... une version latine du Knowledge management Franck Mougin interview. Available at: ... brands on the other markets. Demand - Expanding market (convenience goods). - A ...
To understand the interaction between sociology and the economy, let us know analyse how the market and non-market environments influence the social developments, the industrialisation process and the management culture. What do we mean by industrialisation? Historians provide varying definitions, but two criteria are usually put forward: 1) the economy of an area moves from dependence on agriculture to a dependence on manufacturing activity. 2) this move is accompanied by sustained economic growth. Several considerations arise here: industrialisation occurs on a regional rather than a nationwide basis and often within parts of a region only. there are no hard-and-fast rules to define the stage at which a region becomes industrialised, but an appreciable degree of manufacturing activity would need to be apparent.
well before factories became common, such regions often were involved in agricultural activities industrialisation often took place on a gradual basis, though sometimes with a quickening pace the notion of sustained economic growth is not meant to imply high rates of expansion, nor that years of setback did not occur. Social Aspects of Industrialisation When considering the social consequences of industrialisation, there are a wide range of important issues like population growth and structure urban development and public health housing conditions the standard of living and poverty popular leisure crime and public disorder working conditions and practices family and kinship links Management Culture The style and logistics of managing is not unique across countries or for that matter may not be unique within two industries within a same country. The industrialisation process in every society in the modern era can be traced to the work of a small elite group. Each kind of industrial elite built up its own management style and managerial personnel in India. The foreign-colonial elite group and there successors, the foreign firms operating in India, including the subsidiaries of multinationals, used the ethnocentric or racial approach to recruiting managerial talents. The same practice was followed in India by the big family concerns in India till recently.
The Term Paper on TALENT MANAGEMENT PRACTICES IN INDIA
TALENT MANAGEMENT PRACTICES IN INIDA S JANANI PRABHA ABSTRACT “Talent Management” has become one of the most important buzzwords in Corporate HR and Training today. Talent management is the science of using strategic HR to improve business value and make it possible for companies and organizations to reach their goals. Everything that done to recruit, retain, develop, reward and make people ...
In joint stock companies which are not controlled by family concerns and in public sector enterprises, professionals are now gradually coming into their own. The practice of recruiting the best talent available from the country of operations may be described as poly centric. The multinationals do try to make a geocentric approach i. e, they try to tap any effective source available anywhere. But in practice, they do not often flout national sentiments. So, from the above discussion, it can be observed that the process of industrialisation and the management style or recruitment culture are dictated by social convenience and compulsions..
