Management Answers

In no more than 2 page (between 300 – 500 words), discuss how societies use social media platforms for economic growth. 

In your answer, include:

• discussion / explanation with real-life example (provide accessible link or social media handle)

• benefits of using this platform

• disadvantages of using this platform 

Discuss offer and acceptance at the general principle in South African law that can result in the formation of a valid contract

With the world returning to normalcy post the pandemic, as an HR hiring manager you have the task of forecasting the demand for the next year to make sure you hire the right number and right kind of people. Explain the techniques of HR demand forecasting that you will employ in depth. 

Referring to the Key Performance Indicators in the annual report of the organisation in Task 3, evaluate the development of the business with reference to short-term and long-term performance. In your own assessment, do you believe current growth reporting practice is balanced in terms financial and non-financial measures of performance? Justify your answer and provide recommendations for improvement.

This Task requires you to research the organisation highlighted and then undertake a business environment analysis using appropriate business analysis tools/frameworks to identify critical issues facing the organisation both in the domestic and international market environments.

a) Discuss three reasons why it is imperative for your selected organisation to analyse the business environment it faces. Using the PESTEL framework, identify and explain at least five (5) important macro environmental influences currently affecting your chosen organisation.

b) Explain the importance of Porter’s Five (5)-Forces model. Using the Five-Forces model, examine the current behaviour of the selected organisation and explain what you believe to be the five (5) most critical influences arising from the competitive market environments, both nationally and internationally.

HSBC: https://www.hsbc.com/investor-relations/group-results-and-reporting/annual-report

Enlist atleast 10 benefits of having implemented this system for the benefit of this downtrodden section.

Define the following terms: ‘stakeholder’; ‘shareholder’ and ‘stakeholder analysis’. Using a named real company of your choice, demonstrate how you would apply the stakeholder analysis process to identify the company’s stakeholder groups and evaluate their needs and influence.

Business organisations can be classified according to many types of criteria.

Provide an introduction an organisation with which you are familiar, identifying the legal structure (public company, private company, voluntary, charity, public sector, etc.) along with an outline of the operations / purpose of your organisation and its main objectives.

Identify and explain the market structure under which the organisation operates, including a discussion of how the market structure affects the behaviour of the organisation in looking to achieve competitive advantage

Explain the following transferable skills using relevant theory and apply them to an organisation which you are familiar with or one you can research. (If you do not have experience within an organisation, apply best practice from your learning materials to suggest how they should be implemented within a specific organisation). The skills to consider are as follows:

 • Supportive Communication;

• Motivation;

• Empowerment;

• Conflict Management;

• Team Effectiveness.

What is the first step management must take in establishing reporting lines when introducing an additional management layer in the organisational structure?