SG7001 Managing Strategy & Operations and Partnerships Assignment Sample 2024
An evaluation of opportunities or threats posted by megatrends
| Megatrend | Key Issues affecting the organization | Impact and implication |
| Sustainability | Plastic usage is one of the important source of issues that may affect the organization specially manufacturing or industrial company, therefore proper legislation is needed to reduce the plastic usage | Nowadays plastic usage may create pollution such as soil and water that have several side adverse effects regarding illness, diseases. More specifically, plastic usage may destroy the sustainable biodiversity that has an effect on human life as well as the entire animal and plant kingdom. In addition to that, for reducing the plastic usage in the industrial area and manufacturing company, the UK government may implement several legislation and Environmental Protection Act 1990 that may prevent the plastic usage (Environmental Protection Act.org. 2021). |
| Shirting economic power | Gradually, new Chinese companies may expand their business in the UK market that may improve the economic growth of the UK, however, small domestic and multinational companies are ranked backward position gradually in comparison to the Chinese companies | Capturing the market industry in the UK, these Chinese companies may gain more profit as the UK is one of the leading countries where technological usage is needed in every sector. On a contradictory note, it may be stated that all the sectors may be helpful for innovating new advanced technologies that may provide good results in the workplace and educational field. Gradually, all the people may have technologies such as mobile, internet and laptop in their daily life, therefore these technologies are helpful for them. On the other hand, the UK domestic business, especially technological business and the multinational industries regarding laptops, mobile may lose its place in the UK market (Awa et al., 2017). On the contrary, these market losses may affect the people who are involved in these industries in the UK. |
| The digital wave | Impacts on the data management | A new technology in the form of digitalization may be fuelled by massive uncured and unstructured data generated by the cloud and mobile have been impacting data management. Organizations may face new dynamic issues such as disrupting the data for considering the opportunities and the risks of unstructured data arriving in the waves. On the contrary, it is needed to understand the implications to both the collector of the information and the provider related to handling the data properly and specifically, concerning the security expectations and privacy laws. Moreover, a process is to be needed for ensuring that the people, process and the technology within the organization may support the data management (Peukert, 2019). |
References
Awa, H.O., Ojiabo, O.U. and Orokor, L.E., 2017. Integrated technology-organization-environment (TOE) taxonomies for technology adoption. Journal of Enterprise Information Management.
Environmental Protection Act.org. 2021. Environmental Protection Act 1990. [online] Legislation.gov.uk. Available at: <https://www.legislation.gov.uk/ukpga/1990/43/contents> [Accessed 11 March 2021]
Peukert, C., 2019. The next wave of digital technological change and the cultural industries. Journal of Cultural Economics, 43(2), pp.189-210.
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