Submitted by: Submitted by mag1009
Views: 368
Words: 2957
Pages: 12
Category: Business and Industry
Date Submitted: 02/03/2011 11:10 AM
I Introduction
The objective of this assignment is to describe the five recent changes that have influenced the role of managers.
II Discussion
The recent five changes that have influenced the role of managers are:
I. Political Changes
II. Economic Changes
III. Social Changes
IV. Technological Changes
V. Legal Changes
2.1 Political Changes
The first recent changes that has influenced the role of managers is political changes. Political changes simply means an orientation that characterizes the thinking of a nation or a group. An integrated set of beliefs and attitudes makes a political change in their respective continent. How did the political changes affect the nation? Basically,when there is political changes in a certain country what most probably will occur is changes to the stock market (whether or not there is a war. Example:Cold war occurred 1947 between the United States and the former Soviet Union.)There are many political parties and they have different ideas for the economy and they apply different policies in place. Some of these political party may improve the stock market and some may worsen the economy. This whole situation affects the business management since business shares are sold on the stock market where the businesses use this money to improve their businesses,hopefully. Due to less money, businesses may not improve and no results will be attained. In every nation, most businesses depends on the stock market. For example,if that particular country is in a recession, the political party will advice to purchase less goods and services. By doing so,since less goods and services are purchased, businesses will have less money. This is when the managers plays an important role to figure out new ways to produce their goods, market them, finance them, and how to research for and develop products. Looking at facts,political changes are not always a bad thing for business management. All these changes in taxes,financial...