SG7001 Managing Strategy & Operations and Partnerships Assignment Sample 2024
Evaluation of Risks and Opportunities
Huge megatrends and technical progress have contributed to an increase in spending that will shape the industry, the environment, and culture in the years ahead. Stockholders may be involved in these particular drivers of change in their early stages, and as these simultaneous developments emerge, certain benefits and risks may emerge in the enterprise. By the meaning of the term “megatrend,” it is a transition event that is projected to have a major influence on business and society.
Resources will not create any Benefit for the company if the company does not have a planned approach to properly use and capture the value of these resources. The focus company So can needs to assemble, and altar integrate the materials. Examples of these areas are Formal Management and Company structure Report, Strategic Planning and Funding System, management system and management decision -making policies.
| Megatrend | Issues affecting organization | Impact and implication |
| Industry 4 | Confidentiality, security, energy, and safety are some of the topics that concern the enterprise when it implements strategies of industry 4. | Capital is the most significant investment a firm can generate in technical advancement, and it can be costly, denigrate the organization, and have an effect on its activities trading activity expense. (Maresova et al., 2018).
The company operates in a collaborative environment in which the maker is supposed to conduct research, which can be perceived as a threat to proponents’ well-being Work needs to be more respectful of the environment. Atelier Chiang Mai is the first place to explore the environment. Ours are only the most natural suppliers. We have also built a system for processing white waste that can be one of Thailand’s newest clothing companies. At least for a clothing factory on our scale. The fashion industry should have more respect for human rights. Most Asians work in very bad habits. In some countries, such as India or Bangladesh, people earn less than £ 50 a month to work 12 hours a day, six days a week. To add to the monthly statistics, most of the garment factories in Asia are very dirty and dirty, very hot and no air Especially in Asia, children are exposed to clothes. When I arrived, my clothes were hot in Vietnam, but the conditions were really bad. Experience and life of workshop staff 38. In addition, they are well paid and work with the best conditions.
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| Sustainability | The variability of the population, tight regulations, the availability of raw materials and their costs, and public opinion are all big concerns in terms of sustainable development. | As a result of these big concerns, adverse impacts on the developing economy may be anticipated, creating new business challenges. These issues have a direct impact on the firm’s reputation because the entire textile industry relies on pigments and other additives that need a source of water (Desore, 2018). And apart from current cognitive impairment, the business faces transition difficulties as a result of society’s response to environmental issues, such as economies and regulation, as well as technological developments that could increase consumer prices while imperiling potential perceived value performance levels. |
References
Atelier https://chiang-mai-clothing.com/ Accessed on 12 March 2021
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.
Industry 4.0- Megatrends < https://www.k3syspro.com/advice-centre/erp-advice/industry-4-0-megatrends/> 12 March 2021.
Maresova, P., Soukal, I., Svobodova, L., Hedvicakova, M., Javanmardi, E., Selamat, A. and Krejcar, O., 2018. Consequences of industry 4.0 in business and economics. Economies, 6(3), p.46.
Megatrends – Investing in the industries of the future that will impact our lives, businesses and the world https://catanacapital.com/blog/megatrends-investing-industries-of-future/ Accessed on 12 March 2021.
