Changing Role and Key Skills to Be Acquired-Myasssignmenthelp.Com

What Is the My Changing Role and Key Skills to Be Acquired? I am working for an apparel manufacturing company, EthnicCharisma, dealing in personalized fashion garments, essentially for women. We have only two outlets in the Dubai and we cater mostly to the local buyers including tourists. At present several tourists buy traditional scarves and garments as souvenirs for their families back at home. However our focus is not on exports. At present we are making moderate sale especially during the winters. Our company focuses on brick and mortar based point of sales rather than e-commerce. Also the tastes are changing and hence competition from online transactions is increasing becoming our threats. UAE is one of the key textile markets globally and was worth USD13 billion in 2011. The apparel and footwear segments went through slow growth compared to 2015. This is due to falling prices of oil and gold since 2014. The retailers are coming up with innovative offers in order to compensate the situation and maintain some kind of positive growth (Euro Monitor International, 2017). The pressure is higher due to slowing economies, budget constraints and salary cuts. So the key factor is innovative ways of marketing and adapting to changing westernized tastes and preferences. Also the more the firm can diversify the better. In my company where I mainly look after the marketing and customer relations, the focus is essentially on traditional women’s wear. They are presently contemplating diversification into kids’ and men’s wear. However I personally think that instead of considering garments, the venture could stream into gems and jewelries or accessories like bags and designer watches. The products should also match the changing tastes and be knitted into more fashionable light and close fit garments instead of loose and heavy work ethnic embroideries. The first change driver would be the marketing department. Also a research team might be required in order to carry out some market survey to know the tastes and preferences from potential customers’ feedbacks. I also believe the company’s presence in social media and e-commerce is essential. All these aspects can help in improving the ways of marketing. All these would require proper training, fresh hiring of young and technical people. Skills should be upgraded. Company can hire a professional fashion designer if required. So leader’s change related action, change-related training and aligned human resources practices are the key change drivers (Whelan-Berry and Somerville, 2010). This will obviously take its toll on the cost burden but the investment should pay off in long term. Some of the old staff might feel vulnerable and at risk. The company needs to figure out some ways of using the old people as well instead of wasting too much time training them. Other companies might take advantage of this disturbance if the change is not managed well and attempt to takeaway our market share. This is the main threat. Maintaining consumers’ confidence in the face of rising international brands like H&M, Zara, Next and Matalan is a major challenge but the new strategies should also bring more opportunities to cater to the global market now (Euro Monitor International, 2017). This will be a phase of proactive change which could be difficult as well as an opportune change process for us (Nadina, 2011). My role would perhaps shift from more talking to more typing and less talking. There is a chance that I will need to develop content for marketing through social media. The website needs to be developed attractively. I may need to get involved in some market research before launch of new product line for men and kids. Also its will be important to play as the linkage between customers and the designers and tailors. By the end of the module I expect to be able to apply the theories to practice. In fact I am already associating the theoretical terms more commonly relevant to the business I am familiar with. I also believe I will be more tolerant and confident in dealing with consumers. It is at times important to think like the owners in order to perform better. One needs to expect the worst and work for the best. Keeping a backup plan is very important to face drastic changes. I should be able to do this more efficiently as the module ends. Euro Monitor International, (2017), Apparel and Footwear in the United Arab Emirates, Country Report. Retrieved from: https://www.euromonitor.com/apparel-and-footwear-in-the-united-arab-emirates/report Nadina, R.R.(2011). METHODS OF IDENTIFICATION OF THE NEED FOR ORGANIZATIONAL CHANGE AS BEING OPPORTUNE, West University of Timioara, Retrieved from: https://ideas.repec.org/a/ora/journl/v1y2011i2p707-712.html Whelan-Berry, K.S. and K.A. Somerville, (2010), Linking Change Drivers and the Organizational Change Process: A Review and Synthesis, Journal of Change Management, 10( 2), 175– 193 .com is an Australia-based assignment help services that aims to fulfill students' requests 'can someone do my assignment online '. We have hired best-qualified and experienced assignment helper to assist students in crafting premier quality academic papers. Students are guaranteed to receive high-quality assignment writing assistance at an affordable price. This is why, we are considered as the best assignment solver . You are required to write a researched argument essay that convinces persuades the reader of your position / stance. This is an academic, researched and referenced do... Executive Summary The purpose of this report is to elaborate the factors which are considered by individuals before selecting an occupation. Choosing an occupati... 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Compare Rule 101of the Sarbanes-Oxley Act (SOX, 2002) and Standard Essay

Compare Rule 101of the Sarbanes-Oxley Act (SOX, 2002) and Standard 1100-Independence and Objectivity - Essay Example embers to have such independence, so that they can monitor the activities of the organization as per the scope of audit and not be restricted for the same in any manner. Auditors are also required to remain objective towards the manner in which the audit processes are carried out. This includes them to be highly professional and not indulge in the development of personal relations. Internal auditors must diligently maintain the quality of their work by remaining unbiased and impartial with any aspect of the organization. Objectivity also requires mangers to maintain the confidentiality of the audit related matters (Muqattash, 2013). The Sarbanes-Oxley Act contains a number of provisions which impact the key elements of capital formation and audit. For auditors the Sarbanes-Oxley Act has established a revised set of rules which provides auditors with a new structure of private oversight and a revised set of rules related to independence and public reporting. In case of managers, the act provides adequate scope of safeguarding interests and reporting and exposure of internal control. The disclosure requirements have also been revised for managers. The act also lays emphasis on the ever expanding role of audit committees in respect of corporate reporting framework. The act also states that auditors have a direct responsibility towards supervising the external audit process. It also establishes revised rules in respect of the preapproval of all audit and non-audit services. Financial expertise, independence and monitoring are also covered under different titles of the act. It is expected that the act will improve t he manner in which audits are performed and improve financial disclosure, thereby preventing accounting fraud. One of the most important rules established under the section is that which is in respect of auditor independence. Various sections in respect of auditor services and rotation have also been discussed vividly. The rules established under the title

Managing in a global society Essay Example | Topics and Well Written Essays - 1500 words - 1

Managing in a global society - Essay Example It is therefore the reason why international managers should take their time to study these cultures before introducing new products in the market or opening new subsidiaries (Turner, 2000). Communication, for example, is an important tool, necessary for transmitting ideas throughout an organization. However, it is worth noting that communication does not necessarily entail only the formal aspects such as through writing and speaking but also, it entails maintaining personal etiquette and as per the standards required by the host. The US and UK have English language as their official means of communication. Therefore, it would be easy for a UK entrepreneur to establish himself quickly in the US as opposed to Japan, which has Japanese as the major language of communication (Norbury, 2006). The language barrier present between UK and Japan requires foreign investors to study Japanese as their second language especially due to the fact that Japan scores highly under hofstede’s un certainty avoidance index (Varley, 2000). ... It therefore means that the presenter has to exercise patience before pressing for response, failure to which it would be taken to mean that he is disrespectful thereby risking his success. Worse still is the fact that business negotiations may be hampered by lack of understanding for example due to the Japanese reluctance to say no or to criticize openly (Norbury, 2006). It may therefore be confusing for a foreign negotiator to find that everything he says is met with a positive response, while in the real sense his Japanese counterparts are against his propositions. Experts advise foreigners to concentrate more on their sign languages, which could be for example scratching eyebrows, tone in their voice, teeth clenching, frowning in between a conversation among others. For instance, frowning is a sign of disagreement and therefore, it would be wise to concentrate on the facial expressions or better, phrase your statements in a manner that will demand an outright yes or no as an answ er (Varley, 2000). Coming from a country such as UK where open criticism is considered as normal, it would be taken as an insult and destruction of character to practice the same when negotiating with such people. The high uncertainty avoidance index (UAI) has also been described as a hindrance towards effecting change. This is due to the fact that these people are accustomed to predictability such that introduction of new working environments may not receive a friendly welcome (Hofstede, 1996). This is as opposed to the US whereby UAI is low such that it becomes possible for entrepreneurs to introduce new brands in the market and be able to make profit within short periods of time. This is an important observation, which a person intending to invest in the