Question

Company - Inspira Marketing.

1. Explain in detail how external factors affect the company’s structure.

2. Explain in detail HRM could support managers activities via an operational, a tactical and a strategic perspective in the company.

3. Explain in detail which leadership style is appropriate in the company to improve productivity and motivation levels with an organization. Contrast with other leadership styles.

4. Explain in detail the role of team culture in the development of corporate social responsibility policies for your company.

Answer 1

Answer 1 -

A company operates in a business environment which includes various factors that influence the various departments, activities, tasks and operations of the company. Those factors are divided into two categories, internal and external. External factors are those factors that lie outside of the company but affects its operation and company cannot control these factors, they could only plan and strategise their tasks accordingly.. Some of the external factors that affect company’s structure are discussed below –

· Economic factors – This includes factors like change in demand and supply due to change in economic conditions of the country, changes in interest rates, inflation or deflation, etc.

· Social factors – Various factors like new trends, preferences, change in demographics, results in the change of needs and wants of the consumers that ultimately affects the companies providing them goods and services.

· Technological factors - This includes factors like innovations, automations, technology awareness that has evolved a business market. Adapting these technological advancements impact the organisational structure of the company.

· Environmental factors – There are some factors which are natural and beyond the control of anyone like changes in weather, natural calamities, etc. Companies could only adapt measure to mitigate the impact of such factors.

· Legal factors – This includes changes in labour laws, consumer protection laws, safety requirements, etc. These legal factors have to be considered seriously by all the companies to run smoothly in the industry.

· Political factors – There are some political factors as well that affects the company’s structure like changes in the government policies, trade policies, taxations, etc.

All these external factors may not directly impact the companies but as they have a great influence on economy and business market, in which a company operates. So, it ultimately impacts the company’s structure.

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