Describe the benefits of utility testing.
Provide an example of a screening or diagnostic instrument that could result in economic cost and ineffective employment assessments.
What are the advantages and disadvantages to using the mean as a measure of central tendency for this test?
Customer: Customer’s behaviour cannot be controlled, and highly unpredictable. Their wants and desires change all the time. Thus, we always adjust and adapt to be able to meet up with these new demands in other not to lose them to competitors. Political: Most times new government policies influence our planning. For example the government of United States can decide to enforce a legislature for the lessening or increment on spending and money transfer. This will obviously make us adjust our plans and strategies. Also we are affected by foreign trade policies since we deal with different nations, we must not forget political instability. Internal Factors Environmental Factors Figure 3 Leadership: The leadership of PayPal Holding Inc. is very strong and so are able to make clear decisions and visions. They are able to build good management structure and inspire employees and we as employees are able to achieve goals. Financial factor: Sometimes our company management is affected by current financial structure. For example, when there is limited cash we cannot employ more staff which can stunt our growth Mission statement: In PayPal Holding Inc. we have a clear understanding of our goals and purpose and actions we need to take to achieve it. Our mission statement is to ensure equality in monetary services, this has been inculcated in all the staff and so everyone works towards it. Employees: Dissatisfaction among employees can influence management and strategic planning. So to get positive influence PayPal Holding Inc. ensures that employees are motivated, empowered and there is clear communication. 2.2 Discuss the influence of organizational governance requirements on management and planning strategies As earlier discussed, different factors can affect a company’s management and planning strategies and these factors can be from within the organisation and from outside the organisation. One major factor that can also influence management and planning strategies is the company’s governance also known as cooperate governance.>GET ANSWER