Management environment of Kuwait Assignment Example | Topics and Well Written Essays - 2000 words

Management environment of Kuwait - Assignment Example This paper illustrates that management environment is how the management programs of an organization are organized in a systematic and comprehensive manner. It includes the structure of the organization, the resources, and the planning for developing, implementation and maintenance of a better maintenance policy for the well-being of the organization in question. The management environment is aimed at ensuring a smooth running of planning, organizing, leading, and controlling in the organization. It is upon the management to see to it that the organization reaches its goals and objectives, to ensure that it maintains a competitive advantage. It is important for organizations to join collaborations and keep good relationships with other countries. Most of the organizations in Kuwait are complex and it is for the managers to manage and reduce complexity to structure organizations. It is an acronym for strengths, weaknesses, opportunities, and threats. The strengths and weaknesses are i nternal factors while opportunities and threats are external factors. It is an important tool to audit and analyze the strategic position of the business and its overall environment. It is aimed at identifying the best strategies capable of aligning the organizational resources and capabilities to the environmental requirements of the firm’s operation. It is aimed at evaluating the internal potential and limitations and the probable opportunities and threats that originate from the external environment. It is able to view all the positive and the negative factors both inside and outside the firm that affects the success of the organization. Studying the environment is capable of forecasting the changing trends and helps in the decision making of the organization. It is a concept that is evident in the marketing principles. It enables companies to enable the tracking of the environment in which they are operating in or are planning to venture in. It is an acronym for political , economic, social, technological, legal and environmental factors often use it. It ensures that the business environment is viewed from various angles that one needs to keep track while contemplating on the idea or plan in question. It is crucial for an industry since it defines what the company should do and accounts for the goals and strategies of the organization.