The nature of today’s business environment is a result of great transition over the course of time, shaping organisations and their management. According to Duin & Baer (2010), “Today’s leaders must change the structure, culture, and the strategy, to meet the dynamic environments they are in”. Because of unpredictabilities and perpetual changes brought upon by factors such as competitive pressure and an exponential advancement of technology over the past few decades, businesses have been required to embrace a more contemporary approach towards the management of an organisation. A contemporary organisation differs from a traditional organisation as it contains no proper hierarchy whereas a traditional organisation contains a hierarchical structure. …show more content…
One of the changes that has an impact on the manager’s work in a contemporary organisation is the increasing dominance of customers. Customers play an extremely essential role as the backbone of any corporation. Therefore, customer satisfaction is vital to the development of a business and hence, remains as a top priority of managers in contemporary organisations. In the past, there were less choices of output in the market and customers were less vocal, therefore the power of a market belonged to the organisation. A rapid increase of start-up businesses in the modern day has resulted in a rise of market competitiveness. Furthermore, because these customers determine a corporation’s success or failure, the relationship between a customer and an organisation is extremely vital. Katz’s Theory on managerial skills stresses that human skills are necessary for most leadership roles (Katz, 1974). This skill is much needed by managers in this day and age in an effort to combat the changes and challenges caused by customers. This …show more content…
The rise of social media has largely altered the way society connects with one another and has proven to affect a manager’s work as organisations must now discover new ways to tend to the demands of customers through social media. In the business sector, social media provides as a platform for customers to easily connect with organisations and it also has the ability to breach the distance between customer and organisation. Svatošová (2012) has stated that “Without the existence of this virtual world, today’s society would compete to establish its stability. The nature of the business environment is changing rapidly as society enters into the information age which creates hyper-competitive markets (Svatošová, 2012). One form of social media that has tremendously impacted organisations all over the world is Facebook. It is extremely common for many organisations to use Facebook as a platform to market their product. By incorporating social media into their existing work structure, managers are able to efficiently connect with customers from all around the globe. Customers are able to conveniently search up companies and organisations on Facebook and receive a more in depth understanding towards the company. Because of this, managers must constantly keep up with the latest social media trends in order to keep the interest of customers
In this assignment i will be explaining how focusing on customers and how providing really good customer service is important in retailing. I will also be looking into the various ways customer service and sales techniques have changed in Tesco. To conclude, i will analyse the impacts made from different customer services and sales techniques in Tesco. As my selected business, i have chosen Tesco.
Introduction A company’s success is measured by how well it is structured and organized in order to adapt to the changes in environment as well as the changes within itself such as the company’s scale, employees, product scope, etc. Having a suitable, well-structured organizational frame will not only increase the chance of being success but also prolong the company’s lifespan compared to an un-structured one. It is important to note that an organization’s structure needs to fit in with the current situation and does not necessarily required remain unchanged over time. Taking Dynacorp as an example, even though its functional structure contributed to the vast growth of the company at the start, its limitation in dealing with the changes within
When social media first was created amongst the internet big companies like Pepsi, Taco bell or IBM never had social media accounts. It was not until the improvement amongst the internet within smart phones that made people become “internet streaming connoisseurs”. Resulting in people always having their face glued to their smartphone screens using social media apps, surfing the web or just streaming videos. Eventually once big companies created social media accounts to promote their material and keep tabs on their consumer’s interest within their brands the advantage of social media emerges.
The client feel appreciated and constantly awed in the event that they get the most excellent service and whole management respect customers need. The impacts of consumer loyalty on client maintenance bring into presence to be a vital and positive. In particular, consumer loyalty influences the aims to keep re-customers. Consumer needs is basic to the administration of the food industry, which is typically the reason should be a particular notice rehash deals, client dedication and positive unfounded information. More satisfied clients mean long term customers.
An organization that has a team or horizontal style of work structure and management is called as contemporary organization. Instead of a strict hierarchy, the power is spread out to the whole team in the contemporary organization. It is a more responsive and flexible. Traditional organization is changed to the contemporary organization of business. The traditional organization style concentrated on a pyramid order, with supervisors and managers controlling all components of the representatives beneath them, including interpersonal connections, ventures and disciplinary activities.
Transformational Approach Transformational leadership style work towards high levels of communication from a management to meet goals. Leaders are meant to motivate employees and augment productivity and efficiency through communication and high visibility. This style of leadership really does need the involvement of management to meet goals. Leaders focus on the big picture within an organization and delegate smaller tasks to the team to accomplish goals. Transformational leadership proves to be efficient not only in business, but in all other sectors where it is used.
The increased complexity of modern day organisations
However, both of these conditions are quite difficult to achieve in the workplace. The implications of this research in the real world are evident and plenty. This research provides a general framework for how businesses and groups should operate. Instituting a hierarchy is an essential step to an organized and efficient firm. Based on the results and conclusion of this article, the researchers took the initiative of supplying more advice on effective business managing that had been extrapolated from their data.
INFORMATION Social media has to be one of the greatest developments of human history. It has connected humanity like never before. It has changed the way that people do business, with companies providing their own social media accounts to interact in real time with customers. We can quickly see what’s going on in our communities and around the world.
In marketing, customer relation is very important, since customers play the main role in achieving ones
Today our society is more concerned in face book friends where people don’t interact face to face. Social Media has a great impact on business also but only if it is planned strategically otherwise it can be a big failure. It is estimated that 80 percent of teen are Internet users. So, it is no doubt our real world social lives are seeing some changes. Social media is the driver behind that connection.
The four building blocks of competitive advantage can be used to help a company become more profitable and stay ahead of their competition. The four factors are superior efficiency, quality, innovation, customer responsiveness. All four building blocks are important to any company. However, I believe that customer responsiveness is the most important because having loyal and happy customers can make or break any company. The four building blocks can help companies grow and become the leader in their industry over their rivals.
Introduction In this new era of internet, computers and cell phones play a vital role in business. The growth of technology is in its highest pace. Marketing and communication techniques also changed with the technology. With the growth of Internet, online social Medias have become important communication channels and also virtual communities have emerged.
A customer refers to anyone who purchases and utilizes a company's products and services. Customers can be an immense concern for some companies due to customers changing their minds frequently along with other factors. Companies must understand the needs of its consumers
First of all customer means A person who buys goods or services from a shop or business, loyalty means the state or quality of being loyal, faithfulness to commitments or obligations. So Customer loyalty is the key objective of customer relationship management and describes the loyalty, which is established between a customer and companies, persons, products or brands. “Customer loyalty is an essential aspect in any organization whether it is offering a good or providing a service. “Many organizations are looking for various ways to increase their customer loyalty as it has a positive effect on the profitability of the organization.” (Gremler 1996: 171, Abdullah et al. 2000: 826).The individual market segments should be targeted in terms of developing customer loyalty.