Set up a limited firms about sports Essay Example | Topics and Well Written Essays - 1000 words

Set up a limited firms about sports - Essay Example However, some business manages to enter the market successfully because they conduct research before venturing into the market. Market research is imperative because it helps the business overcome some challenges towards a acquiring a competitive advantage. Market research is vital because it helps an entrepreneur to establish and identify new business opportunities such as areas where there are fewer ventures (Wilkie, Johnson & White 2015). The aim of business is to make a profit with minimum input, and new opportunities are critical to achieving the goal. Similarly, market research helps businesses to design a marketing campaign that meets the interest of the target consumers, and business needs to increase revenues from sales (Wilkie, Johnson & White 2015). It provides valuable information about the targeted market and its segment as well as real-time information regarding the intended market (Wilkie, Johnson & White 2015). For this reason, it is very crucial because it assists business in reaching the intended consumers through a marketing campaign. New and existing business use market research to know the performances of their organizations and that of the competitors (Outsource 2015). Similarly, it is vital in comparing the organization with others through tracking the progress made as well as the competitors. Through this, the business can devise a competitive strategy that makes it gain advantage over the rest. In many occasions, new business fails because they do not know and understand the operation of the market as well as the strategies employed by competitors in the market (Outsource 2015). This makes new business to use old methods, which are not working to expand their market share. For this reason, conducting market research is important because it helps in monitoring the progress made as well as strategies used by the competitors towards gaining market share. Market research is

Literature Review on Change Management Research Paper

Literature Review on Change Management - Research Paper Example Managing change in an organization is a complex procedure which involves various factors which influence the transformation initiatives. The quality and change management are interlinked in a manner that it is extremely essential to administer quality of the ongoing project. If project is behind schedule or lacks some elements it is essential to introduce change management procedures after having proper consent from the management. Every manager perceives differently about the change management initiatives because of their personal experiences and the success factors which they have faced. Change management requires companies to tackle with every problem according to their priorities which allows manager to easily allocate resources and skills for resolving them (Sirkin, Keenan, & Jackson, 2013). These measures and indicators can easily be applied to any working organization for having enterprise change management. But it must be clearly defined that change management is different fo r every department of a business. ... nal Organisation The procedure which is being followed in educational organizations are quite different from what is being followed in business sector. The educational organizations have a lot of external pressure which they have on their learning curriculum. The courses and their associated areas require universities to cope with the changing procedures and develop strategies for implementing such change management practices in their daily official routines. Education sector requires proper funding from external sources for competing with the changing learning patterns being implemented worldwide. Students are now required to spend substantial time of their lectures and assignments and follow new learning patterns. Besides there are instances in which universities and colleges are emerging against litigation issues which has increased the scrutiny procedures along with conductance of external audits from third parties (Szamosi & Duxbury, 2002). Education sector is bound to follow th ese changes as it helps them in ranking their services and learning standards accordingly in comparison with other international universities. Educational sector needs to be aware of the change management procedures because it plays a central role in social and economic upheaval and in some countries it is considered as a major contributor of export and import. For remaining competitive with the changing business patterns it is essential that educational sector must respond to all these changes in a positive manner and design actions to combat with these forces appropriately. Change management procedures allow management of this sector to determine whether the key quality improvements and strategic developments have been identified and implemented as required. It is also useful for