IGNOU Student Help: MMPC 002 Solved Assignment
Course Code | MMPC 002 |
Course Title | Human Resource Management |
Assignment Code | MMPC 002/TMA/July/2023 |
Syllabus Coverage | All Blocks |
MMPC 002 Solved Assignment
Disclaimer These are just the sample of the Answer/Solutions to some of the Question.
Q.01 Explain the factors that influence organizational environment citing relevant
Answer. The organizational environment refers to the internal and external factors that influence an organization’s operations, decisions, and overall success. Understanding and adapting to these factors that shape the organizational environment along with relevant examples:
- External Factors
- Economic Factors: Economics conditions, such as economics growth, inflation, interest rates, and unemployment, significantly impact organizations. For instance, during a recession, consumer spending may decrease, leading to reduced demand for products and services.
- Technological Factors: Rapid advancements in technology can disrupt industries and create new opportunities. Organization must adapt to technological changes to stay competitive. For example, e-commerce platforms revolutionized retail businesses, forcing traditional brick-and-mortal stores to embrace online sales channels.
- Political and Legal Factors: Government policies, regulations, and political stability influence business operations. Changes in laws and regulations impact manufacturing firms, while healthcare policies influence the pharmaceutical industry.
- Socio-cultural Factors: Social and cultural norms, values, and trends influence consumer behavior and preferences. Organizations need to align their products and marketing strategies with societal value For instance, companies now focus on sustainability and ethical practices due to increased awareness of environmental and social issues.
- Demographic Factors: The age, gender, education and population distribution of a region affect market demands and labor force availability. For example, an aging population may lead to increased demand for healthcare services and products targeted at seniors.
- Internal Factors
- Organizational Culture:
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