Managerial ChallengeAfter reading the section titled “Dominant Microprocessor Company Intel Adapts to Next Trend” (Chapter 11 pg. 384-385) and the article titled “2018-2019 Intel Corporate Responsibil

Managerial Challenge Assignment Prof. Hyder Davis Ravikanth Kolagatla 07/12/2020 Managerial Challenge Corporate social responsibility (CSR) is a self -regulating business model that aims to contribute to society. The days of sole operation of the business for profit are gone. Many organizations have shifted their approach towards corporate social responsibility. Dominating the market by a small company necessitates rigorous efforts to influence the stakeholders like investors, customers, employees, suppliers, etc (Fallender, 2019). Once the stakeholders are influenced then it becomes extremely easy to dominate the market even by small organizations like Intel. There is a need to discuss some of the reasons by which the organizations can dominate the market: 1. Transparency: Transparency of the reports helps to generate loyalty of the organization towards their investors. Most of the organizations manipulate their reports and then end up losing their investor base. Small organizations have changed their reporting procedure just to highlig ht the difference between the previous and current year goals. 2. Focus on CSR: CSR is a topic of concern for most of the organizations nowadays because of growing environmental issues. The investors are also concerned about the environmental social and gover nance issues. 3. Building an effective customer relationship: The prime way to earn profit for the business comes from the customers. It doesn't matter if the customers are the end consumers who will be using the product for themselves or industrial consumers who will be manufacturing end product with the help of the product provided by the company (Sigala, 2018). Managerial Challenge 4. Employee retention: The success of the organization also depends on the long -term retention of the employees. A high attrition rate takes a lot of t ime to adjust new employees with the environment of the company. Moreover, frequent recruitment results in losses for the organization. 5. Recognizing the changing needs of customers: With the continuous change in technology, it has become essential for the companies to determine the need of the customers before manufacturing the final product. This will help in reduced efforts to promote the product as the customers will automatically purchase the product to fulfil their changing needs. Managerial Challenge References Fallender, S. (2019). 2018 -2019 Intel Corporate Responsibility Report: Creating Value through Transparency . https://newsroom.intel.com/editorials/2018 -19 -intel -corporate - responsibility -report/#gs.aiw0br Sigala, M. (2018). Implementing social customer relationship manageme nt: A process framework and implications in tourism and hospitality. International Journal of Contemporary Hospitality Management , Vol. 30 No. 7, pp. 2698 -2726. https://doi.org/10.1108/IJCHM -10 -2015 -0536 Managerial Challenge