Consumer Power and Supplier Influence
- Basic : My name is Kate. I am thinking to make a better position for myself as a leader of my team. I will make it easy for my subordinates to follow the Leadership and development plan.
- Educational Background: I have done masters in business management. I have done graduation in business administration. I have also studied subjects of taxation, business management, business planning, These are helpful in case of business management plan.
- The next 5 years: As I am working with the last semester of the college. In the upcoming 5 years, I am thinking to join a company of Mr. Karl. I can see myself at the top level of leadership. I will manage leadership and development plan for business industry. After 5 years, everyone can see me as important personality of y organization.
- Desired Role: The industry may have a great market position in market. I am thinking to join on my desired position i.e. leadership level of business. I have such patience, capabilities that must be there in performing the leadership task. I can easily motivate people for taking new risks and accepting new opportunities. I also have qualities of great communication sense and ethics. I have enough confidence on my side that I can handle tasks of management.
- Experience: I have three years experience as a team leader in John’s Company. I started there as a normal worker and becomes team leader in second year. Now I am applying for the new job with this experience level.
Business activities: The business I am going to join faces some issues. These issues are required to analysis for getting solution in business. These issues may be internal or external to the business. It requires to handle issue of external environment and internal environment. These factors make it difficult for business to have growth (Chaffney & Ellis-Chadwick, 2012, pp. 16-18). The persons responsible for these issues are the one who are managing the business. I have analyzed situation of current business environment. The factors that affect my business are described and explained in the following paragraphs.
Some challenges are there which can be a problem in success of our business. One of these challenges are, consumer power. Nowadays, consumers have great power to buy products at low price. They force the organizations to sell the products of good quality at low rate. It helps them to access good quality product at profit. The power of suppliers also affects my cloth business. Suppliers forces to sell their products at high rates. It results in affecting my cloth business. I also have to face situation of competitive environment. There are many persons in similar business. It affects the level of company reputation. New entry to new markets also has to go through some problems. The existing firms decides to not to enter new firms into business. All these sources are internal challenges of organization. At least we don’t have the factor that we have not tried our best to enter into market (Jeffs, 2008, pp. 69-72). The issues only cover internal factors, external factors are described in the following discussion.
There are some factors that affect business organization. These elements need to be addresses. PESTDN statement also includes some factors that are also art of PESTDN analysis. The analysis has definition of Political, Economic, social, technological, Demographic and Natural.
|
Political factor |
There are some political factors that affect business organizations. Government of a country may change policies at any time. These policies may be in favor of a specific organization or in against of it. Government policies are fluctuating. This factor affects the business at higher level (Armstrong, 2012, pp. 45-49). The factors also include tax payment to government. |
In our business, the problem I am following is that government has changed policy of dealing with some countries. It affects the business. |
|
Economic Factor |
It affects the organization at monetary level and makes effect of log term. If price of company get affected or inflation arises, the factor may affect the organization at high level. It affects purchase power of buyers and make it difficult to buy products from them. The factor also affects FDI of business organization. |
The business where I am going to join as a leader also get affected by terms of total amount of money people have for buying products of our business. |
|
Social Factors |
It affects the social market of organization. It includes changing trends of social environment (Kroon, 2013, pp. 213-214). It includes change in taste and preference of people having old products. The factors that becomes out of trend may be greater effect for change |
Consumer taste and preferences changes after some time, If affects business organization, Changes in consumer age or income is the reason behind this factor. |
|
Demographic factors |
A country’s demographic factors are also a great factor affecting the organization. Businesses are required to follow rules and regulation of that organization. It requires to apply consumer law, safety law, standards, labour law etc |
Government has changed rule of tax payment. It create the situation of paying taxes like goods and service tax and other taxes also. |
|
Natural factors |
The factors affect businesses in many factors. It affects the organizations at indirect point. It affects agriculture issues, farming and tourism. (Chaffney, 2011, pp. 78-80) |
The factors of affect the business by taking their effect of short supply of raw material. |
|
Technological factors |
These are the factors that can be changed at any time. It becomes difficult to deal with these factors when of changes rapidly. Small businesses face issue in solving these kind of factors affecting the organization |
Other businesses have used some technological factors like billing process etc. our business has not used any of these things. |
The mega trend has changed my life with providing important factors. Everyday devices are becoming smart by using many technological factors. It provides a great help in performing leadership and development planning. It provides information regarding rise in artificial intelligence. It helps me in performing tasks in short time period. It helps in performing organizational plan of leadership and development that is required for achievement of different objectives of organization. The leadership and development plan makes employees or team members responsible for their tasks. They are required to perform functions mentioned in plan made by me. It is reasonable for them to make questions or require on functions if they don’t understand it well. But it becomes important to follow the procedure of leadership plan. As I see myself in top position in the next five years, I am required to perform these functions with loyalty. It will be a great source for achievement of my desired position. The factors that are described above affect the industry or organization. Effect of these factors on industry also makes such effect on personal position of people. Leadership and development plan of individual have great effect that leads to success in terms of accessing the goals of organization. All people need to follow strategies of leadership plan of the business. The L & D plan can be successful only if the person leading this plan will give it his 100% efforts. The efforts must be towards achieving goals of industry or L & D plan.
Competition and Entry Barriers
Goals can be determined as the value to be achieved by performing some functions. These are the overall and common values to be assessed by all persons of an industry. While I am going to prepare leadership and development plan, this plan also consider to follow some functions which consists of activities related to achieve common goals of organization (Spillane, 2012, pp. 44-47). These goals of L & D plan consists of following goals:
It is one of the main aim of the leadership and development plan. As I am taking the responsibility of this L & D Plan, it’s my aim to collaborate different goals of all persons available in the organization. All the persons of organization may have different goals of their own. My aim is to make these goals a single goal. It is a short term goal of my L & D Plan (Hersey, 2008, pp. 67-69).
Being a leader of L & D plan, it is important to listen all the problems of employees of the organization. It is a long term goal of my organization (Heifetz, 2007, pp. 33-37). The employees may face issues at achieving goals by performing some functions. I am responsible to take a look on the problems faced by employees. It is important to resolve these problems and make it easy for the employees of organization to achieve goals.
A leader is responsible for providing best facilities to its employees. Employees want best working condition which can help them in achieving the goals of organization. It is responsibility of management to provide best facilities. The leader must have the ability to understand requirements of employees. The requirements must be met with providing the required facilities for the achievements of the goals (Hemphill, 2013, pp. 55-56).
Being a leader of the employees, I also want to take a position where I can get appreciation of great and inspiring leader. It is a long term objective of organization (Vroom). I will give my best to company but my ultimate goal is to achieve appreciation of leadership. I want to be the best leader in the company. This position must be stayed over the period till the retirement from work.
The next goal of L & D plan is to inspire employee for achieving the goals f organization. A leader is a person who can easily inspire employees. He is responsible for achieving the required results. He can motivate and inspire employees for adopting new technologies to be organized in company (Wormer, 2007, pp. 81-83)
Ethics is a term referred as manner of behaving with others. It means to behave ethically and doing the things that is ethical. Whereas values determine the point that what is right or what is wrong. It determines the values and behavior of organization staff. Professional values can be formed within employees by motivating them (Noddings, 2014, pp. 123-125). The seniors of organization can easily help employees to behave ethical in industry. If seniors don’t behave ethically in organization, the subordinates also will not be ethical or professional. It is ultimate responsibility of superiors to create situation of ethical responsibility in the organization. There must be a policy of providing some punishment to a person who will not be ethical in business time (Peters, 2013, pp. 178-188).
PESTDN Analysis and its Factors
I am ethical and example of my ethics are honesty, respect for others, better communication way, fairness, loyalty, concern for others, fairness, law abiding and such factors. I have all these factors in my personality. I have studied from a professional university, so it was required to me to be ethical there too, the university also managed seminars for us. It helps me to get all these ethics. We talk each other professionally in our college. Our seniors and professors were also ethical. They behave ethically with us and also expected the same. This part of my life formed ethical behavior and professional values in me. It helps me in all the way to my journey. After that, I joined a job. There was ethical behavior campaigns managed for employees. They informed us that what behavior is acceptable to the company and what is not to be accepted. They inform us what ethical behavior is. In the job timing, my seniors were also ethical with us. I judged their way of talking and adopted all the values.
My beliefs are that the ethics must be followed for achieving the required results. Beliefs are different than ethics. It refers to what someone thing right and other think it wrong. Beliefs vary with person to person. But ethics remains same for everyone in the organization (Whitbeck, 2010, pp. 48-53). My beliefs may not be matched with others. But it is my perspective that I am right with my beliefs. An organization may force someone to be ethical but it can’t force someone to change their beliefs. These are related to own thinking of a person (Hiebert, 2011, pp. 14-15).
For planning leadership and development plan, the person must have some skills. These skills include decision making skills, organizing skills, communication way, critical thinking skills or analytic skills. The management must analyze the rank of the person going to be leader (Tittemore, 51-53, pp. 23-26). I have managed my ranks related to these skills. The ranks are described as follows:
|
Skills |
Ranks |
|||||||
|
1 |
Analytical Skills |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
2 |
Creative Thinking skills |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
3 |
Critical Thinking Skills |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
4 |
Decision making Skills |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
5 |
Interpersonal Skills |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
6 |
Organizing Skills |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
7 |
Planning Skills |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
8 |
Problem Solving Skills |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
9 |
Self Confidence |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
10 |
Teamwork |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
11 |
Technology |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
12 |
Time Management Skills |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
13 |
Verbal Communication Skills |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
14 |
Written Communication Skills |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
S. no. |
Skills |
Definition |
Reference |
|
1 |
Creative Thinking Skills |
It refers to the point that person handling the business must have skills of thinking differently |
(Cowan, 2009, pp. 23-28) |
|
2 |
Decision Making Skills |
The person holding the business must have capability of taking right decision in short time period. |
(Gold, 2011, pp. 436-439) |
|
3 |
Planning Skills |
Business requires planning, A leader must plan the things before starting the business. |
(Gunder, 2015, pp. 237-238) |
|
4 |
Problem Solving Skills |
The management must have a person who can easily handle conflicts of the business. |
(Burns, 2010, pp. 220-225) |
|
5 |
Time Management Skills |
Managing the time into different task is a requirement of business. |
(Blake & Mouton, 2008, pp. 114-117) |
On doing the analysis of the factor, I found all these five results as top results. Creative thinking is a great skill. I am good at creative thinking, For example, I can think like what I can add in business service without any cost but having profit. In my L & D plan, creative thinking will help to make analysis of services to a taken for working. Decision making skills help to take the acceptable decision. I take corrective decision within a short time period. For example, I can take decision on what to do at a specific situation. Planning skills help to make planning f business functions. I am a good planner. I plan the things well. For example, we can think about what to plan in the starting. We can plan where to invest and where not. This is another term of skills required. I can solve battles or conflicts of employees within a short time. It will help me in L & D planning of business. It will change the factors of management and sufficient reputation must be achieved by this.
Leadership and Development Planning
I need to improve some of the skills. It includes skills like teamwork, Critical thinking skill or technology. In includes deficiencies. I need to improve these deficiencies. Following are some of deficiencies and their solution regarding these deficiencies:
|
Sr.no. |
Skills |
Deficiencies |
Solution |
|
1 |
Critical Thinking |
I have a deficiency that I faced some problem of critical thinking. I can think critical but it has not great rank of the skill. |
The deficiency of critical thinking needs to get away by using special process of making the necessary changes of the project. |
|
2 |
Teamwork |
It is a deficiency that there difficulty of making teamwork process. I face some issues to make teamwork. This deficiency need to take factor of solution. |
The solution of this problem is that I must do the group meeting after some time. In this everyone will ask to take their question and ask them in front of everyone. This solution helps to create teamwork situation. |
|
3 |
Technology |
I am also facing some problems due to technologies. It includes that technology factor change becomes difficult for me as I am not from the same department |
The technological factors ca e assessed by hiring a technology person to office. He can help us by providing specific requirements. |
In the above discussion, I cleared everything that is the requirements of the job. But now there is turn talk to clear some strengths and weaknesses.
Communication skills: The first strengths is communication way. I have a better communication way. I know that how to behave with others.
Patience: I am too patient and lean to understand the issue of employees. This factor helps me to understand some of important issues of the organization.
Determination: I am dedicated to whatever work provided to me. It is important for leading the employees and achieving the required position.
Trust: it is my greatest weakness. I trust people easily and include them in the plan of business. Thus it becomes difficult to achieve.
Emotional Intelligence: This is another weakness in the process of business organization. Emotional intelligence makes it difficult to achieve success. I require working on this part of my personality.
Attitude: I am a little serious about talking to others. It may feel them as I have attitude problem. This factor is also a weakness. But it can also be success reason of the life.
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Blake, R., & Mouton, J. (2008). The Managerial Grid: The Key to Leadership Excellence. Houston: Gulf Publishing Co.
Burns, J. M. (2010). Leadership. New York: Harper and Row Publishers Inc.
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Gold, J. (2011). The neural basis of decision making. Annual Review of Neuroscience , 436439.
Gunder, M. (2015). Passionate Planning for the Others’ Desire: An Agonistic Response to the Dark Side of Planning. Progress in Planning , 237-238.
Heifetz, R. (2007). Leadership without Easy Answers. Cambridge: Harvard University Press.
Hemphill, J. K. (2013). Situational Factors in Leadership. Columbus: Ohio State University Bureau of Educational Research.
Hersey, P. (2008). Management of Organizational Behavior: Leading Human Resources 9th Ed. New Jersey: Pearson Education.
Hiebert, M. (2011). The Encyclopedia of Leadership: A Practical Guide to Popular Leadership Theories and Techniques. New York: McGraw-Hill.
Jeffs, C. (2008). Strategic Management. New York: SAGE Publications Ltd.
Kroon, J. (2013). General Management (2nd Edition). New Jersey: Pearson South Africa.
Noddings. (2014). Caring: A Feminine Approach to Ethics and Moral Education. Berkeley: University of California Press.
Peters. (2013). Assessing publication bias in meta-analysis in the presence of between-study heterogeneity . Journal of the Royal Statistical Society, , 24-28.
Spillane. (2012). Towards a theory of leadership practice. Journal of Curriculum Studies , 44-47.
Tittemore, J. (51-53). Leadership at all Levels. Canada: Boskwa Publishing.
Vroom, V. H. The New Leadership: Managing Participation in Organizations. New Jersey: Prentice-Hall.
Whitbeck, C. (2010). Ethics in Engineering Practice and Research. London: Cambridge University Press.
Wormer, V. (2007). Human Behavior and the Social Environment: Macro Level: Groups, Communities, and Organizations. US: Oxford University Press.
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