Sunday, June 24, 2007

The Changing Environment for Business

Business environment is changing as the time goes. Corporate communication has influenced the operating environment for business. In context to United States, business is facing certain kind of obstacles over a period of time since the industrial revolution moved to American industry to mechanized mass production in factories. This adds a negative perception of business as exploitation of young women and child labor came into existence in the nation.
In addition to this most American like to spent most of there time in front of television compare to what they do in classroom. If an organization doing something which is unethical or negative, the customer will know this no matter the organization expanding globally itself as a global village. The communication channels have strengthened around the globe.
Due to significant changes in the business environment, small as well as big organizations are facing difficulties. To get rid of this problem organization should keep on track with consumer’s taste and preferences and technology and innovation. And companies should always be ready to accept the changes brought by environment. Apart from this, how company is dealing with corporate communication is also an important function.
References:
1. http://www.hindu.com/2006/01/06/stories/2006010603451000.htm
It tells you about the recent development of Indian economy which defined itself in the field of agriculture.
http://lean.mit.edu/index.php?option=com_docman&task=doc_view&gid=136
This link will focus on the forces of changes that were studied relative to their impact on how technology planning is accomplished and its interaction with company business plans, aerospace and automotive company’s i.e. Manufacturing industries were selected and historically reviewed.
Personal Experience:
As the Business environment is changing, communication helps in understanding communications management from the standpoint of sharing knowledge and decisions from the enterprise with employees, suppliers, investors and partners. Examples include:
Enterprises use annual reports as corporate communications tools to convey information related to results, processes and relationships of the enterprise. Typically, these communications occur on a yearly basis.
Corporations use electronic and print newsletters to share corporate diversity hiring practices and information on new hires.

No comments: