Outline and explain the external factors/components of the macro environment, using examples to demonstrate: Management Assignment, GC, Ireland

Question 1

Outline and explain the external factors/components of the macro environment, using examples to demonstrate your understanding of the same. Discuss the significance of Porter’s 5 Forces in understanding the external business environment, using examples from case studies, management focus, and other relevant examples to support your discussion and argument.

Question 2

‘Control is critical to organizational success and sustainability, and is a core managerial function’, Critically discuss the validity of this statement, with reference to integrating academic sources and example(s) from case studies to support the discussion and arguments.

Question 3

Outline and explain the key activity areas of the Human Resources Management (HRM) function and the competencies required by the HR Manager to execute their role. Critically discuss the impact Human Resources Management (HRM) can have on organizational performance and success in maintaining its competitive advantage, using academic sources to support the discussion and arguments.

Question 4

Explain the nature and function of decision-making as a key important managerial function. Outline the six stages in the decision-making process and discuss the barriers to effective decision-making, using academic sources and example(s) from case studies to support the discussion and argument.