Which Strategic Complexities are Associated with Operating in a Global Environment?
1.0 Introduction The global business environment is characterised by dynamism and uncertainty due to turbulence which brings complexity in strategy development and making strategic decisions. This makes economic activities influenced by forces of globalization and technological advancement that reinforce complexity of the operating environment for strategic managers. This implies that there are risks and challenges […]
How does the Global Market Influence Organisations?
1.0 Introduction With intense competition in the current competitive environment, firms are looking for ways in which they can market their products and services globally. This has given way to globally standardised products instead of locally customised ones: a global market is now the focus of many firms. This necessitates adapting a firm’s strategy, structure, […]
What is the difference between the role of a leader and the function of a manager?
People usually interchange leadership with management and leader with manager in their conversations. However, these are distinct concepts especially when we consider the roles and behaviour expected of a leader and a manager. It is therefore important to understand the differences between leading and managing if an organisation is to benefit from both processes. This […]
What is the difference between the role of a leader and the function of a manager?
People usually interchange leadership with management and leader with manager in their conversations. However, these are distinct concepts especially when we consider the roles and behaviour expected of a leader and a manager. It is therefore important to understand the differences between leading and managing if an organisation is to benefit from both processes. This […]
What are the Factors that Drive Globalisation?
1.0 Introduction There has been increased removal of barriers to trade across national borders. This is to enable increased integration of production processes and capital markets, and flow of financial resources, knowledge, etc. This has been made possible by regional and trade blocs such as EU, ECOWAS, NAFTA, etc. Such regionalisation seems to be the […]
How Does Change Impact on an Organisation’s Strategy and Operations?
Managers are faced with the challenge to maintain stability and achieve some level of predictability. This seeks to resist change as much as possible. However, change is now the only reality that should be expected always since organisations are facing a complex and turbulent business environment. Maintaining the status quo through rigid structures is no […]
How Do Barriers to Change Influence Leadership Decision-Making?
Nowadays, there is turbulence in business environments due to globalisation and increasingly rapid advances in technology. Change is the only thing that managers and leaders know with certainty that it will happen to their organisations. Such change can affect: objectives and goals; strategies; resources; structure; systems; and environment of the organisation. Therefore, leaders need to […]
How is Leadership Related to Management in a Contemporary Business Environment?
Organisations and their leaders and managers are operating in a complex environment in which globalisation and technological advancement are bringing uncertainty and turbulence. This has increased competitive rivalry among organisations and the need to meet increasing and conflicting stakeholder interests. This has pressurised leaders and managers to focus on maximising profit, conserve the planet, and […]