JB Hi-Fi Organizational Management for General -myassignmenthelp

Question: Discuss about theJB Hi-Fi Organizational Management for General External. Answer: General External Environment Analysis External environment in respect to any organization are those situations, factors, forces and conditions exists beyond the limits of organization and have the capabilities to considerably alter the organizations performance in a specific market. Robbins et al (2016, p. 34) in their book Management The Essentials 3e have sub-divided the external environment into two parts namely specific external environment and general external environment. As stated by the author, The general environment consists of the broad sociocultural, technological, economic, political/ legal and global conditions in the society in which the organisation operates. Specific environment on the other hand is composed of the stakeholders of the organisation with whom it has direct interaction. Any change in specific external environment results into immediate alteration in the organisation (Robbins et al 2016, p. 37). Robbins et al (2016, p.34) further linked both types of external environment by stating that cha nge in general external environment influences specific external environment. JB HI-FIs General External Environment The founders of JB HI-FI had established the company as a electronic retail store in 2002. The company later entered the online e-commerce market after expanding their business around the Australia (Jb hi-fi Company 2017). The general external environment of the company is as follows. Socio-cultural JB HI-FI is operates in the retail sector selling electronic good in the Australian market. Hence, it requires the cultural aspect of the society to be technologically advanced to gain profit out of it. Technology on the other hand is an integral part of material culture of a society. Australian society has adopted the technological advancement as ti is evidenced from its extensive use of advanced technological products. Every age group of the Australian society uses some kind of electronic products in their daily lives. Furthermore, the country is a center of international students. These factors of Australian society will help JB HI-FI to expand in the market. Political Stability in the Australian government is evidenced except the time of federal election, when the private sectors face turmoil on the grounds of employment. The capitalistic government in Australia further favors the industrial growth. Economic Australian GDP for 2016 when adjusting by purchasing power parity is US$44414 (Tradingeconomics.com. 2017). It means that the purchasing power of the Australian population is considerably high, which creates appropriate market for the electronics business to grow. Technological Australia has attained its advancement in technological aspects, which facilitates the industrial growth. Every part of the country is well connected with advanced mode of transportation. Impact of legal factor on JB HI-FI in 2016/2017 As identified by Tucker (2017) in a business report, the government announced data retention for all the inbound and outbound call, messages, emails or what so ever utilized on the technological grounds. In other words, every phone calls, messages and emails within the boundaries of Australia from October 2015 had been tracked by the government to protect the country against the organized crimes or terrorism. However, the extension of this implemented scheme is not transparent to the public of business organization leading them to doubt about the privacy of their data. The organizations are no more secure in keeping their business data a secret and are in constant insecurity of data theft. Reference Auzair, S., 2011, The effect of business strategy and external environment on management control systems: a study of Malaysian hotels -International Journal of Business and Social Science,2(13). Bryson, J.M., 2011,Strategic planning for public and nonprofit organizations: A guide to strengthening and sustaining organizational achievement(Vol. 1). John Wiley Sons. Crane, A. Matten, D., 2016,Business ethics: Managing corporate citizenship and sustainability in the age of globalization - Oxford University Press. Dam, L. Scholtens, B., 2013, Ownership concentration and CSR policy of European multinational enterprises - Journal of Business Ethics,118(1), pp.117-126. Dauber, D., Fink, G. Yolles, M., 2012. A configuration model of organizational culture.Sage Open,2(1), p.2158244012441482. Jb hi-fi Company 2017.JB Hi-Fi | JB Hi-Fi - Australia's Largest Home Entertainment Retailer, retrieved 23 Nov. 2017 https://www.jbhifi.com.au/ Robbins, SP, DeCenzo, D, Coulter, M Wood, M 2016, Management The Essentials 3e, Pearson Australia Group Pty. Ltd., Melbourne. Tradingeconomics.com. 2017.Australia GDP per capita PP 1990-2017 Data Chart Calendar. [online] Available at: https://tradingeconomics.com/australia/gdp-per-capita-ppp [Accessed 25 Nov. 2017]. Tucker, H. 2017.Australia's 3 biggest technology challenges. [online] Business Insider Australia. Retrieved 25 Nov. 2017 at: https://www.businessinsider.com.au/australias-3-biggest-technology-challenges-2016-5