MGT 498 Week 3 Team Reflections objecti

Topics: Strategic management, Strategic planning, Management Pages: 4 (840 words) Published: November 10, 2014

Learning Team Weekly Reflection 3
November 10, 2014
Rodney Greene
Week 3 Reflections
Today, all businesses are global businesses. Some may think otherwise. However, if there is any aspect of a business that involves a global element such as products or services, it is a global business. Therefore the global market affects everyone, the consumers and the buyers. It is important to estimate the long term business operations and explain how the global market affects business strategy. Finally, constructing a long-term strategic management plan for sustaining organization performance will assist with staying competitive within the global market. Estimate the Sustainability of Long-term Business Operations Organizations must use several methods to evaluate themselves to ensure the organization can sustain current practices without jeopardizing future resources. It is that which the purposes of sustaining long-term business operations are. There are numerous genres of sustainability. The most common areas of sustainability are: economic, social and, ecological. Of the aforementioned common areas of sustainability, recycling and waste reduction are the most favored. Ecologically speaking, a company that uses their natural resources to the greatest extent is one that is being socially responsible. When individuals within the community have access to organizations natural resources, those organizations show they have great understanding of the general wants and needs of the communities’ citizens. Remaining socially sustained is imperative to operating a business. Businesses that envision long-term services must recognize the importance of economic sustainability. A business and its practices can have negative and positive effects on the condition of the surrounding community. Growth and prosperity will happen if an organization envisions long-term operations. How the Global Market Affects Business Strategy

The global market affects business...

References: Wheelen, T. L., & Hunger, J.D. (2010). Concepts in Strategic Management and Business Policy 12 Entire eBook (12th ed.). Retrieved from The University of Phoenix eBook Collection database.
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