Personal space and trust is a very essential and important section of a working environment in any organizational setup to enable better progress in the firm. As a manager one should put into consideration that some employees work best under minimal supervision and some are optimal when there is need for direction, planning, implementation and execution of work projects.
The work ethic of a boss enabling his or her personnel move forward with their work while at the same time maintaining the quality of the overall outcome of the job is advantageous and beneficial in achieving organizational set goals and objectives. At the same time it is only fair to maintain equality between work mates in the working environment. Administrators of a firm, that is, the managers are expected to act as example to other managers and employees in a company set up. Practicing high levels of equality in the office contributes to better work ethic and strengthens the team work of people in the firm.
Environmental scanning involves performing of an analysis of an existing organization environment via the conduction of assessments via monitoring and forecasting internal and external environs of an organization. The factors surrounding the identification of impacts of conducting an environmental scan involve detecting the threats and opportunities a business stands to experience in the time frame of its operations. An instance of this is the threat posed by most successful companies in the tech industry. The infamous Microsoft Company is facing great competition from Google Corporation since the tech company got into the market. The demographical impact is the fast and swift expansion of these companies and their encroachment into different world markets in various world geographical locations to ensure positive growth and maintain presence in the market.
These trends in the market eliminate the sense of specific companies monopolizing the product market and hence forth controlling market forces like the demand, supply and product or service pricing. Having different firms offering the same service in the market introduces the notion of better quality service delivery to target group markets due to healthy competition. The potential outcomes of competition offer better consumer preference between competing firms. The enterprises stand to make good profit and generate revenue while conducting business activities.
Workplace diversity involves the incorporation of different people from different walks of life into a company setup. The varieties of working personnel, their skills, knowledgeable acquisitions and experience in their respective fields of study aid in the inter-sharing of information among different employees, departments and geographical office locations. The Northrop Grumman Company has a corporate responsibility to ensure better representation of the company image to all its global clients. One stands to learn one thing or another from a fellow workmate in the workplace with different working background and different work skills, e.g. a manager can learn one or two things from an IT consultant on how to operate essential technology technical stuff.
The problems brought about by business via its environmental, social, and economic aspects mainly occur due to firms ignoring the issue of social responsibility to its customers and maintainability of set business objectives. Upholding good customer business relationships aids in solidifying a customer base for an organization via social networking and ensuring the client is put first and given attention via satisfaction of needs and requirements. Negative feedback from multiple consumers of a product affects business growth negatively. This aspect should be preserved to promote positive company image to novel clients.