Environmental Factors Affecting Hudson's Bay

There are a number of factors that organizations take into account, in terms of environmental factors that can affect their business strategy. Factors include, economic climate, political and legislation, technology, social values and demographics (McBey, B., 2015). With Hudson’s Bay situation are influenced mainly by economic climate, technological and demographic. While Amazon is effected by globalization, economic climate, technological, demographic and social values and norms. To begin with, due to various market conditions and the effect of globalization has opened up markets and introduced increases in factors such as taxes of products, interest rate, change in market prices and unemployment rates. Therefore, HR manager at Hudson’s

The development of technology changes every day, the use of internet and other wireless devices allowed customers to actively purchases items on the go through the company website and receiving them at their doorstep. Moreover, with the issue of layoff’s, the use of technology allowed HR managers to oversee an effective process to manage the employee’s dismissal through an automated software’s, that stores all the data and information of employees such as contract, benefits, payroll and many more. Demographics is another factor that the HBC deals with. Demographics refer to the statistical studies of the population (McBey, B., 2015). With the different types such as diversity and generational differences, employees working at Hudson’s Bay are somewhat considered baby boomers, and so the HR department needs to ensure that their needs are accommodated. Moreover, the company can face other issues such as employees who base their living on the job thus being highly effected from this layoff. It is important for the organization to consider all matters when dismissing its employees to ensure

Amazon targets countries where economics stability exist, with the aim of being profitable as well as minimize the risk of unstable market conditions, which can affect their online business expansion. On the other hand, the technological factor in Amazon, exists as the organization primarily operates as an e-commerce business company. However, will the rapid changes there are issues with technological obsolescence, in which Amazon needs to ensure that they continue to develop and operate the latest technology in order to maintain its client base. With sustaining the various technology, the organization is available to increase the level of productivity, which will ultimately minimize operational cost. Nevertheless, Amazon needs to overlook the threat when it comes to issues regarding cyber threat. Overall, the effect of technology is known to be a long-term investment to the organization (McBey, B.,