BUSINESS METHODS Essay -- essays research papers

BUSINESS METHODS pesterer ( authoritiesal, Economical Social and expert purlieu ) Analysis The external environment of any organisation / university / faculty / department etc. can be analyzed by conducting a PEST analysis. The acronym PEST (sometimes rearranged as STEP) is used to describe a framework for the analysis a range of macro environmental factors including the Political, Economical Social and Technological environment. A PEST analysis fits into an overall environmental scan including the turn out analysis and McKinseys 7S Model, which is briefly discussed below and also referred to in the roll Preparing a SWOT Analysis. For a social unit (referring to any area on a lower floor review be it an academic department, a research unit, an administrative unit or a support service unit), a PEST analysis should relate to 1. The external environment international of the unit but inwardly UCC, and 2. The external environment outside of UCC, given the national and interna tional visibleness of the office The PEST analysis provides the following simple framework Political FactorsPolitical factors can have a direct impact on the government agency business operates. Decisions made by government affect the operations of units in spite of appearance the university to a varying degree. Political refers to the big and small p semipolitical forces and influences that may affect the performance of, or the options open to the unit concerned. The political arena has a huge influence upon the regulation of public and unavowed sector businesses, and the spending power of consumers and other businesses, both inside UCC and outside of UCC. Political factors include government regulations and legal issues and define both baronial and informal rules under which UCC and units must operate. Depending on its role and function within the university a unit may need to consider issues such(prenominal) as How stable is the internal/external political environment? Wi ll government indemnity influence laws that regulate third level education? What is the governments policy on the education? Is the government involved in trading agreements such as the Bologna Agreement? The impact of employment laws The impact of environmental regulations Trade restrictions and tariffs Political stability (internally and externally Decision-making structures Economic FactorsAll businesses are affect by economical factors nationally and globally. Whethe... ...mple measures? A bias for action a propensity to act, even in the light of incomplete information, rather than to film in extensive discussion and analysis Close to the customer earshot to, learning from, and providing exemplary service for their customers --------------------------------------------------------------------------------Page 5 Autonomy and entrepreneurship advance leaders and innovators throughout the organisation/department encouraging practical try taking and tolerating failure Productivity through people respect for and brass of staff recognition that staff are the source of quality and productiveness gain Hands-on, value driven led by executives that are in touch with the essential aspects of the organisation paying explicit attention to promulgating the organisations issue values Stick to the knitting operating primarily in palm of established expertise Simple form, lean staff characterised by few administrative layers, and uncomplicated systems Simultaneous loose tight properties a compounding of centralisation and decentralisation promoting individual autonomy within the boundaries of the organisations core values.