Today's business environment is increasingly uncertain and further complicated by a range of external shocks. Businesses suffered
Question:
Today's business environment is increasingly uncertain and further complicated by a range of external shocks. Businesses suffered from the covid-19 pandemic, coping with inflation, changes in government policy and other conditions of the external environment. In order to survive, it is important for businesses to develop a competitive advantage and be resilient. As the covid-19 pandemic restrictions ease, businesses are searching for continuous support, introducing new strategies and mechanisms to help them recover from the pandemic. The ability of the manager to plan, control, organize and lead is crucial to managing businesses, which are currently recovering from the pandemic. (a) Analyse how the current general environment conditions might affect the company's performance? (b) Analyse how the actions of stakeholders in the specific environment might affect the company's structure and performance? (c) How might the observable form of culture and core culture influence leadership and employee performance in the company? (d) Based on your analysis of the external and internal environment of the company, provide recommendations on the company's strategy and efforts to recover from the impact of the covid19? In order to conduct this analysis, students should choose a country, a sector and a company in which they could conduct this research or investigation. Steps: Choose a country e.g. Fiji, Samoa, Tonga etc. Choose a sector e.g. tourism, retailing, wholesaling etc. Choose a company/business operating in that sector e.g. in the tourism sector, students can choose a hotel company like Holiday Inn