Teamwork Turmoil Case Solution & Answer

Teamwork Turmoil

3.1.2.4. Unemployment Rate

• A high unemployment rate is also unadvisable as it dissolves dispensable income of consumers, and will harm Teamwork Turmoil ’s position.
• The high unemployment rate will lead to lower sales for Teamwork Turmoil and impact its overall profitability and revenues.

3.1.2.5. How can the Teamwork Turmoil decrease the risk of economic instability?

• Teamwork Turmoil can work towards building economies of scale
• Maintaining business costs and controlling the final price of the product can also help Teamwork Turmoil fight economic instability
• Teamwork Turmoil can also work towards building a sustainably managed workforce

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3.1.3. Social

Social influences will stem from social components of the macro environment. Under the PESTEL Analysis, they can influence Teamwork Turmoil in several ways:

3.1.3.1. Social patterns and consumer behaviour

• Social patterns affect work trends and patterns and are directly related to the behaviours of consumers.
• Social patterns also have a direct influence on buyer tastes and inclinations, and the specific kind, structure, and volume of interest for an item or service.

3.1.3.2. Social patterns and changing consumer needs

• The checking of social patterns will enable Teamwork Turmoil to reposition its items or administrations to meet the changing desires and needs of consumers.

3.1.3.3. Social trends in education

• Social trends of higher education have allowed firms like Teamwork Turmoil to have access to a pool of higher skilled talent – but at the same time, also face a more criticizing consumer base.
• Higher education has also made consumers more aware of different product offerings by companies like Teamwork Turmoil.
• consumers are also more educated and knowledgeable of different substitutes of a product, as well as become more readily available at different touchpoints.

3.1.3.4. Social patterns make companies more consumer-centric

• Companies like Teamwork Turmoil are expected to become more consumer-centric than product-centric.
• Similarly, Market segmentation and consumer grouping are dynamically moving towards measures of psychographics and lifestyles to understand the consumer more.

3.1.3.5. How can Teamwork Turmoil use social aspects for growth?

• Use consumer-centric means of segmentation and targeting.
• Use consumer-oriented and consumer-based marketing – which use emotional appeals to influence consumers.
• Make products more accessible at different touch points common to target consumers socially.

3.1.4. Technological

The technological factors can influence Teamwork Turmoil in several ways:

3.1.4.1. Innovation

• The quick pace of technological change at Teamwork Turmoil may be driven through innovation.
• Business leadership at Teamwork Turmoil tries to push the limits of present limitations.

3.1.4.2. The advent of the internet and online retailing

• The expansion of the Internet and online business has discarded many intermediaries. Teamwork Turmoil can communicate and retail directly to the consumers now, or through modern intermediaries such as eBay as well, for example.
• Teamwork Turmoil may also use current social networks to retail and use e-commerce to boost sales.

3.1.4.3. Social media and business growth

• Teamwork Turmoil can make use of social media to interact and reach with consumers
• Social media can also be used to reach the target market audience more effectively
• Social media is cost-effective and strategically more influential for Teamwork Turmoil

3.1.4.4. Improved value chain network

• For Teamwork Turmoil, technological innovation can be utilized to build on competitive advantage through several different ways.
• Teamwork Turmoil can incorporate less expensive production, improved access to clients, improved marketing, improvement in product quality, and increased levels of business intelligence than the competition.

3.1.4.5. Managing technology and the future for Teamwork Turmoil

• To flourish in a business world that is quick paced and receptive to innovative change, Teamwork Turmoil must stay cautious.
• It must be always be updated on any technological developments in the business and industry.
• Teamwork Turmoil should weary of how the company are probably going to influence its future attractiveness and profitability….

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