Capsim Organization and Competitive Environment Essay

Capsim Organization and Competitive Environment - Essay Example The organization has also embarked on a massive marketing program which has helped in creating awareness of the business to the market. The organization has a wide market coverage comprising of not only students but business men all over the world. This has made it the global leader in developing and delivering business tips to practicing and aspiring business people on how to run profitable businesses (Hersey & Blanchard, 1974). This paper will review Capsim as an organization and its competitive environment. The organization has an enormous investment especially technologically. This is extremely risky especially with the changing dynamic of technology. The business calls for large expenses to cater for its operations and the costs get transferred to consumers making it unaffordable to many. The organization has complied with all regulatory procedures. Contingency theory states that there is no known best way of setting up an organizational structure. Contingency theory argues that the solution to any managerial problem is dependent on the factors that affect a situation. The theory suggests that effective managerial techniques get influenced by the tasks the organization is striving to achieve (Barney, 1985). Contingency theory attempts to equip managers with the capabilities to provide possible solutions to a business challenge. The theory explains that the best way to set up a company is dependent on the present internal and external factors facing the business. Some of these factors include customers, suppliers, government and technology. The theory attempts to develop a strategy that can address environmental uncertainties and challenges facing the business effectively and efficiently. The theory has sort to generalize formal structures that fit the use of different technologies. The contingency theory explains that the successful application of a tool or technique in one setting may have no influence in another. The theory