2.A Evaluation of opportunities and threats
| Megatrend | Key challenges affecting the company | Impact and implication |
| Leadership | ● Improper leadership summons less effective output in the production (Hopkinson et al. 2018).
● It hampers the overall revenue and profit as well as the stock to manage supply according to the demand in the market. |
● The potential impact on the overall performance.
● It is a high priority scenario of facing a huge threat.
● Motivation among employees getting down. ● Follow up to the path of vision is hindered. ● Identification of the problem with leadership needs to be mitigated due to having prosperous output from the company in future. |
| Developing Strategies | ● Lack of planning and strategy left the company suffering from uncertainty (Kurpayanidi, 2021).
● It creates complexity in the Nippn for making appropriate decision making. ● Lacking a strategic plan drives the working functions less effectively and efficiently. |
● It has a potential impact on decision making and resolving difficulties.
● The improper flow in the supply chain management of Nippn.
● Productivity of the company is uncertain and unplanned thus it pilots the circumstances to unstructured organization (Eller et al. 2020). ● Nippn can lose its competitive advantages and effective procurement. ● Knowing the factors calls the management of the company to analyze these for reducing the effect that hinder in a constant workflow. |
| Climate change | ● The climate change frequency compels Nippn to take initiatives for having a healthy environment.
● The pollution from the production houses creates a negative impact on the consumers’ minds (Seles et al. 2018). ● It hampers the customer’s trust in the product’s quality and packaging style. |
● The potential impact on environmental issues and customer retention rate.
● It creates obstacles to the future growth of the company. ● Production process derives pollutants that affect the environment which makes customers lose their trust. ● World is to be considered as a single marketplace where each company tries their best to make eccentric approaches for saving the environment for a long time to run the business. ● Identifying the factors would be helpful to take sustainable approaches by Nippn for future development. |
| Technology | ● Less technical advancements into the working structure of Nippn escorts to less productivity.
● Lack of technology makes obstacles in the analysis of working functions (Poblete et al. 2019). ● Technological challenges hamper in making predictions for the next step. ● Revenue and strategic plans are getting less due to few implementations of technology (Leonidou, and Hultman, 2019). |
● The potential impact on strategic planning and decision making.
● Technology brings a power to analyze a company’s function to anticipate the next move for improvement. ● Power of technology can state appropriate assumptions on upcoming revenue reports that would be a needful tool for Nippn to make improvements.
|
Table 2: Opportunities and threats
(Source: Kurpayanidi, 2021)
- B Recommendation
| Megatrend | Leadership, developing strategies, climate change, technology |
| Recommendation | The management of Nippn needs to analyze its market position effectively before implementing strategies and planning. Sustainable business practices can support the management of Nippn in developing market trust and taking innovative initiatives towards sustainability. Sustainable business practices and healthy environment can support reducing the impact of climate change. Implementation of advanced technology assists in developing business practices and improving efficiency of work. The management of Nippn should implement technology in its workplaces to monitor the activities of manufacturing. As stated by Mendling et al. (2018), effective monitoring of work activities assists in identifying the capabilities. Leadership should be appointed on the basis of skills and experience. |
| Justification | The authority of Nippn focuses on expanding its business practices in foreign markets. The number of employees in Nippn is almost 3,880. Number of group companies is almost 49 and sales in March 2020 were almost ¥ 344.8 billion. Since Nippn provides a variety of products for instance corn products, retail wheat flour, frozen foods, dried noodles, there is a requirement for sustainable practices in its business. As per the opinion of Linde et al. (2020), implementation of technology can assist the organization in identifying risk factors and efficient market analysis. Leadership is essential in the workplaces of Nippn in terms of identifying its risk factors in the market and maintaining the productivity level of employees. |
| Potential implications | Sustainable business practices can support the management of Nippn in increasing the number of customers and increasing its revenue. Efficient leadership in the workplaces of Nippn can assist in developing its long term business objectives. As stated by Iqbal et al. (2018), since the majority of customers are concerned regarding the environment, sustainable practices can assist in improving relationships with shareholders and customers. Advanced technology can support in developing planning, strategies, and providing effective customer services. |
Table 3: Recommendation
(Source: Mendling et al. 2018)
