This paper focuses on the factors that are responsible for any business to grow and increase the amount of the profits that are made. The paper consists of the topics related to the governance, Environmental forces, Hazards confronting the firm, Organization and business practices, and the purposes of diverse firms. These are some of the major five factors that are responsible for the business to grow (Ahi & Searcy, 2013). The organizational structure speaks about the concept of the business process management and how it can help a business to grow. Other than this risk are some of the other major factors that are responsible for any business is to properly understand the value of the porter five forces. The conceptual factors responsible for the better development of the business processes. The results of the researches have also been discussed in this paper.
The purpose of this paper, for the researchers were to find out the proper process of the business process management. The authors have very strategically defined the role of the business process management and how the strategically influencing the working with proper BPM can help an organisation to properly shape and the quality of the business. For the technique of the questions and answers there can be adoption practices were conducted in such a way that a cross sample for more than 60 organisations were taken into consideration. The major findings of the showed results that were new to the organisations and were foster to the operational executives. The results showed the researchers about the Business process I iterative that were achieved by the organisations and introduced a strategies approach of the business process management (Aven, 2016). The results showed that the Business process management along with having a defined a centralised business processes that defined the responsibilities of the organisation and ownership roles. The purpose of the research was completed with proper results and the findings were proper. Business process management defines the discipline which defines the operations of the various methods and for the better analysis of survey. The business process management is different form the project management in many terms and is independent form the methodologies of the project management. The results showed the researchers that the Business process management is one of the most important thing to be followed for the process of developing a business.
This paper examines the results off the supply chain management and the impact of the porters five force in any business. The researchers describes the porters five force as the threats of the new applicants, threats of the alternates, bargaining power of the customers and negotiating power of the suppliers and industrial rivalry (Lin, 2013). These are some of the most important concepts that any organisation must follow according to the researchers of this paper (Doz, 2016). The threats of the new entrants can become one of major risk for any organisation and while the bargaining power of the suppers can effects of daily business of any organisations. Other than this the bargaining power of the customers can also the normal working conditions of the organisations (Brandenburg et al.,2014. While the industrial rivalry is one of the other major thing that has be taken into consideration. In this paper the researchers have highlighted the supply chain management need to take into ecological indecision and the competitions aspects to increase the service value of the supply chain. The paper emphasized the supply chain management and strategies suit with ecological changes that are essential to be practiced. Also the upcoming planning and expansion are to be kept in mind.
Risk is one of the most important factor that any organisation needs to be take into consideration by any organisation. In the report one the researchers showed the impact of the risks that are been associated with the results of the major risks in the process of risk management. The researchers also examined the area where proper development of the risks are also needed. Thus making some of the major points on the details about the results of proper risk that are faced by the organisation since the past ages. Proper risk assessments not only helps to develop the decision maker’s decisions (Carter & Rogers, 2018). In order to properly know about the risk there is need of selecting evidence. Evidence increases the knowledge which can help in proper evaluation of the broad risks evaluations. Further proper analysis of the risks can help the decision makers in taking proper decision on how to overcome the risk in a better way (Trkman, 2013). The researcher describes the uncertainty in risk assessments in a better way in this paper. Uncertainties can be explained as the risks that come without any prior information and no one is able to know about the risk beforehand. This is one of the major problem for the organisations. Further the researchers describes the risk management strategies in a better way. The researchers describes the strategies as
The process of the Organization and business practices has gained some of the most attentions in the last few years. In this paper the researchers have focused on the factor that how the Organization and business practices can bring change and impact on the small scale organisations (Liu et al., 2014). The paper focuses on the industry organizations are using a technology of the data mining business practices (Hernaus et al., 2013). The researchers have described that the use of the technology can be very much useful for the small scale industry as it can enhance the sales and the working of the business. The strategy of the organisations and storing of the data can be used for the proper developing of the data gathered in the analysis of the information. The data mining processes must be used in a proper way for the development of the organisation. The primary step of this is to understand the data must be properly used and cleaned and stored properly. Further data mining includes the use of the data mining processes mapping the data in the proper and defined classes have also one of the most important thing that is to be done. In this paper the researchers came forward with the results that with the proper use of the data mining processes the small scale industry can earn huge profits and it can also help them in the regular work.
In the modern world the organisation are facing some of the major issues related with the environmental challenges while working. This paper focuses on the factors that are responsible for these things. How the organisation are forced to make products that are very, much eco-friendly and if it is not done how much criticism the organisational re facing is the major concept of the paper. This paper also brings to notice that how these fact pores are affecting the organisations in a very harm full way (Macaulay, 2018). Due to the increase in the pressure of the top management related to the consent the employees of the organizations are also facing some of the major challenges in terms of the development (Cobb, 2015). The researchers have also stated that while supply?side, demand?side and regulatory drivers’ effect on the probability of a firm engaging in environment, the relation magnitudes of these impacts vary across the types of eco?innovation considered. This is the main point of the paper and also showed the results of the customer papers as the visible of the mechanism through the firms to encourage the eco-friendly works.
Conclusion
The contextual factors is explained as the internal and the external environmental factor that is responsible for the working of a business. These includes the structure, functions and the environmental forces. This is one of the major area where it is needed of the organisation to focus in developing and manufacturing of the goods. Any organisation must always keep in mind that there needs to be proper follow up with the contextual factors. The factors like the risk and porter forces are some of the, major challenges that any organisation can face. The organisation must take good decisions in order to make maximum amount of profit. Also there needs to be proper follow up with porter five forces in order to gain advantage over other organisations. In any organisation there is a need where of the risk confrontation is needed. Every organisation must ensure that there are enough steps taken in order to ensure that the organisation does not loses any amount of sum in the business. Also the need of the creation of the goods that does not harm the nature is also an important aspect of manufacturers this days.
References
Ahi, P., & Searcy, C. (2013). A comparative literature analysis of definitions for green and sustainable supply chain management. Journal of cleaner production, 52, 329-341. (10.1016/j.jclepro.2013.02.018)
Aven, T. (2016). Risk assessment and risk management: Review of recent advances on their foundation. European Journal of Operational Research, 253(1), 1-13. (DOI- 10.1016/j.ejor.2015.12.023)
Brandenburg, M., Govindan, K., Sarkis, J., & Seuring, S. (2014). Quantitative models for sustainable supply chain management: Developments and directions. European Journal of Operational Research, 233(2), 299-312. (DOI-10.1016/j.ejor.2013.09.032)
Carter, C. R., & Rogers, D. S. (2018). A framework of sustainable supply chain management: moving toward new theory. International journal of physical distribution & logistics management, 38(5), 360-387.(DOI- abs/10.1108/09600030810882816)
Cobb, J. A. (2015). Risky business: The decline of defined benefit pensions and firms’ shifting of risk. Organization Science, 26(5), 1332-1350.( DOI- 10.1287/orsc.2015.1001)
Doran, J., & Ryan, G. (2016). The importance of the diverse drivers and types of environmental innovation for firm performance. Business strategy and the environment, 25(2), 102-119.( DOI- 10.1002/bse.1860)
Doz, Y. (2016). Managing multinational operations: from organisational structures to mental structures and from operations to innovations. European Journal of International Management, 10(1), 10-24.( DOI- doi.org/10.1504/EJIM.2016.073998)
Hernaus, T., Bosilj Vuksic, V., & Indihar Štemberger, M. (2016). How to go from strategy to results? Institutionalising BPM governance within organisations. Business Process Management Journal, 22(1), 173-195. (DOI- 10.1108/BPMJ-03-2015-0031)
Lin, R. J. (2013). Using fuzzy DEMATEL to evaluate the green supply chain management practices. Journal of Cleaner Production, 40, 32-39 (.DOI- 10.1016/j.jclepro.2011.06.010
Liu, A. H., Gould, A. N., Rollins, M., & Gao, H. (2014). Role conflict and ambiguity confronting transnational business networkers: Contrasting social stigma and relational risks for Chinese and Western boundary spanners. Industrial Marketing Management, 43(6), 911-919. (DOI- 10.1016/j.indmarman.2014.05.005
Macaulay, S. (2018). Non-contractual relations in business: A preliminary study. In The Law and Society Canon (pp. 155-167). Routledge.( DOI- 10.1016/j.indmarman.2014.05.005)
Trkman, P. (2013). Increasing process orientation with business process management: Critical practices’. International journal of information management, 33(1), 48-60. (DOI: 10.1016/j.ijinfomgt.2012.05.011)
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