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The Rate of Success Within the Organizations

By:   •  August 12, 2018  •  Essay  •  594 Words (3 Pages)  •  816 Views

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Explains how the

An organization’s success relies on several factors that often are beyond the controls of the organization. The forces that determine the rate of success within the organizations market are economy, technology, global environment, market forces inclusive of supply, demand, competition, inflation, unemployment, and government regulation, all impact the organization’s ability to be successful. I have worked in the Social Services industry specifically working for the population that is underserved for over 15 years and have seen how the fluctuating economy has directly affected the availability of housing, food, education and employment of the population we serve. The strength of global economy too has a direct effect more so on the working poor than that of the wealthy. For example it the county has a strong _________In the social services sector, the demographics we serve are those that are often at or below the poverty line. When the economy is doing well and the rate of unemployment has gone down we have less participants in our programs, since most of our funding is in the form of government grants we constantly face cuts to our programs when the economy is doing well. Technology is also a major factor that directly impacts the social service industry. When major employers who supply jobs to blue collar workers or factory workers move to advanced technology that technology replaces people with machines and jobs are lost, thus increasing a need for social services, however when people are replaced by machines supply is for goods are up and demand is usually high as well. In sectors that are capital based the adding of technology, low unemployment and government working in tandem with the economy it more often than not results in a positive outcome,

economy is a fluctuating example that tends to have the strongest impact and have the greatest influence on the success of an organization. The economy drives the market forces such as supply and demand and will either produce a positive outcome for a product or could have a negative effect on earnings, for example, technology,

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