Preparing to Conduct Business Research Paper Example | Topics and Well Written Essays - 750 words

Preparing to Conduct Business - Research Paper Example The organization chart should focus on specific roles and responsibilities instead of individual workers. If the organizational structure does not exist it means that job duties, roles and responsibilities are frequently neglected. If the gap in responsibilities exist than no one will acknowledge the accountability part or take the responsibilities of their duties, instead they will be pointing fingers. Basically the gap is the one thing which leads the company to identify the areas in the organization which require improvement. This improvement may include training and development of a single employee or it might include the restructuring of a whole department or more than one department. If the organization lacks a structure, the productivity and efficiency of the organization can suffer a lot as the basic factor of accountability is missing. If the organization lacks a structure or if it is weak, conflicts can arise because employees are not clearly informed about their job description, which includes the job duties and job responsibilities. Conflicts can occur as everyone will put the task on the shoulder of other employee as no one knows who has to perform it or how it will get done. Another cause which can lead to conflict is that when people having no authority tend to seek control in the organization. Due to this reason many responsibilities and roles can suffer including managerial and non-managerial as the organizational hierarchy doesn’t exist. The whole effect of the problem that occurs due to lack of organizational structure results in reduced productivity and poor operations which lead to low profitability. As the responsibilities are not clear to management individuals or management teams, everyone lacks coordination and right direction to generate profits (Hill and Jones, 2010). Here we can also say the strategic management part is absent in

Industry and Company Analysis - strategy of management Assignment

Industry and Company Analysis - strategy of management - Assignment Example Customer loyalty is not really an issue in this sector as convenience stores will sell the same or similar produces across the board, leaving no buyer switching cost (IBIS World Market Research, 2011b). The second force is the threat of substitute services. The biggest threat to the convenience store sector is supermarkets, which have reported an annual growth of 3.4% in the last 5 years (compared to the -0.4% of convenience store sector). This is because of a general move towards supermarket sales in general, plus many of the supermarket chains entered into the convenience store sector. There is little to no cost to the consumer to change to a substitute service, increasing the threat. The bargaining power of the customer is dependent on many factors, including the location of the convenience store and surrounding options. However, in many cases (particularly in urban areas) customers will have a price sensitivity that may cause them to move to another rival chain. The buyer volume is much lower than for supermarkets, which means that the convenience store sector can be more sensitive to changes in customer power. The bargaining power of suppliers in this sector is interesting, because many of the companies within the convenience store sector will be using the same suppliers. This is because many stock brand name goods. This means there are strong distribution channels and almost no supplier competition. The impact of inputs on cost is high, but will affect all areas of the sector, plus the competing supermarkets (IBIS World Market Research, 2011b). The intensity of competitive rivalry is interesting in this sector. Whilst there are advertising campaigns for 7-Eleven and the other major convenience store chains, the main choice for a customer is the location and ease of access to the store. This means that much of the competitive rivalry in the sector is accumulating property in convenient