Section A

Question

1. What is your company's vision? 2. What is your company's mission?

3. What are the company's objectives?

4. How well is the current strategy supporting business results?

Section B

Complete an environmental analysis using the questions to guide you.

Threats and Opportunities

1. Have there been any reports in the media recently that could result in changes in your business? Number each point in order of importance

2. Briefly explain how these changes you identified could impact on your industry and business environment?

Threat

3. Can you identify any laws or political issues that could affect your business?

4. Have you identified any innovations or developments in new technology in your industry?

Have they been implemented in your business? How has it impacted or will it impact on your business?

5.. What labour issues have impacted on your business in the last year and could impact again on your business in the future? (Think specifically of strikes, skills shortages, the possibility of retrenchments etc)

Threat

eneric Manageme Portf

6. Has your company expanded over the past year? Ho How has it impacted and how will it impact on future business? What is being done to the physical working environment? How will it

impact on business results in the coming year?
7. What is being done to the physical working environment? How will it impact on business results in the coming year?

Answer 1

Section A

1. Company’s Vision: Our company envisions becoming the leading provider of innovative solutions in our industry, ensuring customer satisfaction and contributing positively to society through sustainable practices.

2. Company’s Mission: Our mission is to deliver high-quality products and services that meet the needs of our customers, foster a culture of continuous improvement, and create value for our stakeholders while enhancing environmental responsibility.

3. Company’s Objectives:

   • Increase market share by 15% over the next two years.
   • Achieve a customer satisfaction rate of 90% or higher.
   • Improve operational efficiency by reducing costs by 10% within the next year.
   • Enhance employee training and development programs to reduce turnover rates by 20%.

4. Current Strategy Supporting Business Results: The current strategy aligns well with our objectives as it focuses on innovation, customer engagement, and operational efficiency. The company has seen steady growth in sales and customer loyalty metrics, indicating that we are on the right path. However, there is room for improvement in adapting to market changes quickly.

Section B

Environmental Analysis

Threats and Opportunities

1. Recent Media Reports:

   • (1) Rise in raw material costs due to supply chain disruptions.
   • (2) Increasing regulatory scrutiny related to environmental compliance.
   • (3) Changes in consumer behavior towards more sustainable products.

2. Impact of Identified Changes:

   • Rising raw material costs can lead to increased production costs, affecting pricing strategies and profit margins.
   • Increased regulatory scrutiny may necessitate investments in compliance and sustainability, impacting operational costs.
   • A shift towards sustainable products presents an opportunity for innovation and market differentiation.

Threat

3. Laws or Political Issues:

   • New labor laws concerning wage increases may affect operational budgets.
   • Trade tariffs and political instability in supplier countries could disrupt supply chains and increase costs.

4. Innovation and Technology:

   • There have been advancements in automation and data analytics within our industry.
   • We have implemented new project management software that enhances team collaboration and productivity, which is expected to improve efficiency and decision-making processes.

5. Labour Issues:

   • A skills shortage in critical areas has impacted project timelines and quality. Ongoing employee strikes in related sectors could disrupt our operations further.
   • We will need to proactively address employee engagement and skills development to mitigate these risks going forward.

Threat

6. Company Expansion:

   • Yes, our company has expanded by opening two new regional offices in the past year, increasing our geographic reach and customer base.
   • This has led to rising operational expenses but has improved brand visibility and market penetration.
   • The physical working environment has been restructured to accommodate remote work, thereby enhancing employee satisfaction and productivity.

7. Physical Working Environment Improvements:

   • Upgrades to office spaces include better ventilation and ergonomic furniture, focusing on employee health and well-being.
   • These changes are expected to enhance employee productivity and reduce absenteeism, positively impacting overall business results in the coming year.