Using your current work organization and a second organization in the same industry as the subject matter, research the elements of business, compare and contrast the two selected organizations, and prepare and APA formatted paper that: Analyzes the basic legal, social, and economic environment in which the organizations operate. Analyzes the managerial, operational, and financial issues impacting the organizations including: Company Culture and Performance, Promotion Policies, Strategic Decisions Making
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a second organization in the same industry as the subject matter, research the
To analyze and compare the elements of business in two organizations, including their legal, social, and economic environment as well as managerial, operational, and financial issues, you can follow these steps:
Step 1: Select two organizations
Choose your current workplace as one of the organizations for analysis. For the second organization, pick another company in the same industry. Ensure that both organizations have enough publicly available information for research purposes.
Step 2: Research the legal, social, and economic environment
Research the legal, social, and economic factors that impact the organizations' operations. This includes examining the legal framework within which they operate, such as regulations, licensing, or intellectual property. For the social factors, consider elements like the organizations' relationships with stakeholders, community engagement, and corporate social responsibility. Assess the economic environment, including market trends, competition, and economic indicators relevant to the industry.
Step 3: Analyze managerial, operational, and financial issues
Focus on key aspects that impact managerial, operational, and financial aspects of the organizations. Analyze the company culture and performance by considering factors like leadership style, employee engagement, and overall organizational values. Examine promotion policies and how they align with talent development and career progression. Analyze strategic decision-making processes, considering factors that influence the organizations' competitive advantage, growth strategies, and risk management.
Step 4: Prepare the APA formatted paper
Structure your paper using APA format guidelines. Include sections such as introduction, background information, analysis of the legal, social, and economic environment, analysis of managerial, operational, and financial issues, and conclusion. Ensure proper in-text citations and a reference list to attribute all sources used for research.
Step 5: Compare and contrast the two organizations
In each section of your paper, provide a comprehensive analysis of both organizations separately, highlighting similarities and differences. Explore how each organization's approach to business elements differs, while also identifying any commonalities.
Step 6: Summarize and draw conclusions
In your conclusion, summarize the major points of comparison and contrast between the two organizations. Reflect on what you have learned from the analysis and provide insights into the strengths and weaknesses of each organization in their respective business environments.
Remember to critically evaluate the information gathered from reputable sources, such as academic journals, industry reports, and official company websites. This will ensure your analysis is based on reliable information and enhance the credibility of your paper.