SG7001 Managing Strategy & Operations and Partnerships Assignment Sample 2024
Performing Evaluation
In the current era, innovation in technology and megatrends has been leading to investment growth with significance that can help in shaping the economy, business, as well as society. Stakeholders are considered to be having a great deal of interest due to certain megatrends in the earliest form and when the overlapping changes will be in occurrence, different opportunities and threats within the organization shall be under creation. Megatrends describe the phenomenon of both transformation and change in expectation of having a significant impact over both the culture as well as the industry. They help the organizations to stay in competition throughout time, along with making the business approachable to customers. By remaining over the top of the current megatrends, they can have betterment in the recognition of both opportunities as well as threats that may be faced by the organization in the future, along with finding opportunities for changing the market and achieving an edge to the strategy.
| Megatrends | Key Issues Affecting the Organization | Impact and Implication |
| Sustainability | Significant Issues from the aspect of sustainability are in the involvement of workforce volatility, controls that are tougher, cost of raw materials, along with public opinions. | As the entire industry of textile is considered to be dependent over chemicals inclusive chemicals, which are in requirement of a lot of water, the specific problems are in possession of a significant impact over the credibility of the corporation (Muthu 2017). Several impacts over the environment that is evolving can be expected as an implication of the specific issues, raising new difficulties for the market, obstacles are faced by the organization as an outcome of the reaction of the society to external issues, along with advancements of technology, legislation, and markets as well. |
| Industry 4 | Issues impacting the opportunities, along with the implementation of the strategies of the industry 4 inclusive of employment, privacy, defense as well as resources. | The impact of the security issues in information technology shall help in setting the way for the manipulation of data, along with access that is not authorized with the help of various methodologies. As a result, the financial damage can be experienced by the corporations, as well as an image with negativity in the society (Desore et.al., 2018). The business is considered to be working in a place of work that is collaborative and where the expectation is in availability from the manufacturer for performing tests that can be viewed as a challenge to the welfare of the promoter providing an outcome as a lower level of opinion for the organization. |
Reference
Desore, A. and Narula, S.A., 2018. An overview on corporate response towards sustainability issues in textile industry. Environment, Development and Sustainability, 20(4), pp.1439-1459.
Muthu, S.S. ed., 2017. Sustainability in the Textile Industry. Springer.
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