The Situational Leadership Theory (SLT) was proposed by Hersey and Blanchard in their work Life Cycle Theory of Leadership (Hersey and Blanchard, 1969). According to this theory, there is no optimal leadership style. A leader should choose a type of behavior due to the follower’s competence and attitude toward work…
Abstract Business ethics and dilemmas are common in organizations and require people to make informed decisions to ensure they do not compromise the quality of goods or services offered. Lovell, Fisher, and Valero-Silver argue that human behavior is usually motivated by the desire to meet their needs. This paper examines…
Introduction In the contemporary business sphere, international companies have taken on different growth and expansion strategies. A merger is one of the most commonly adopted approaches. Ravenscraft and Scherer defined a merger as a statutory combination of at least two companies by transferring the properties of one business to another…
Problems with some of your current suppliers have caused your organization to consider alternative options in procurement. Your boss has asked you to prepare a brief detailing the options available to your organization, including the use of e-procurement and e-sourcing. What should be included in your brief? When it comes…
In your opinion, what are the pros and cons of managerial decision making based on intuition, as in the current Alfa operation? Pros In Alfas’ current operations, several advantages of managerial decision making based on intuition can be identified. First, intuitive managerial decision making is the best in changes that…
Gerber defines total quality as a process of gradual improvement in the delivery of products that satisfy consumer needs, as a mirror of its excellence (Evans 50). It is an organizational-wide effort encompassing several procedural ideas. It begins with fostering a spirit of teamwork throughout the organization. Once teamwork gains…
Getting orders to your customer in a timely and efficient manner is crucial to the overall success of an organization. What strategies would you use in fulfillment and distribution? Why? What role does logistics and supply chain management play in fulfillment and distribution? Can information technology be integrated into fulfillment…
Introduction Annual reports are written with the purpose to inform the shareholders about the situation in the company, about its achievements and the future purposes. Clatworthy and Jones (2003) state that it is highly important to provide both good and bad news in the report, focusing more on bad news…
On the whole, in the modern globalized world, it is quite difficult for a state, even for one of the most powerful ones, to completely preserve its autonomy from the rest of the world. This is because nowadays, most countries have strong connections with other countries, and most of these…
Howard Schultz’s idea of Starbuck was to provide not only quality coffee but also the best service and atmosphere. Schultz’s created a chain of coffeehouses with a differentiation on its product which included specialty live coffee, quick service and a cosy relaxing ambience that offered a break from the their…
Introduction According to Ricks, male dominance is still the chief characteristic of the modern-day international business (78). Additionally, while the women population makes up a huge section of the workforce in individual countries, they only represent 6% of the business expatriate (Ricks 83). However, the situation is rapidly changing. Organizations…
Estimated Beta Coefficient Based on data from Coca-Cola stocks and the market index, the beta coefficient can be taken to be 0.57 (Yahoo Finance, 2011). In order to arrive to this answer, several concepts have to be considered. One of these is the stock value, which has to be computed…
Introduction This paper consists of a series of answers which are related to Coca cola Company in relation to its most popular product; the coca cola soft drink. Basically, the paper will analyze consumer behavior in the light of the soft drink. By examining a number of incidents that have…
How do franchise firms benefit from economies of scale? Franchise firms are the small businesses that are operated in such a way that they deal with goods of larger corporations. They usually buy the products from the corporation at a discounted price hence being able to supply them at a…
DeBeers and monopoly Why some firms are more competitive and successful than others has long been a matter of marketers’ concern. In any market, whether ice-cream or electric engineering, competitiveness of firms depends on a variety of factors, including their ability to manage resources effectively and external market conditions. Firms…
Benefits of Economies of scale A franchise firm is big company which means that their cost of every unit sold or produced is lower and this implies that they earn higher profits; thus, as the firm expands, the cost per every unit sold or produced significantly reduces (Abraham, 2007). Franchise…
For each of the scenarios below, explain whether or not it represents a diversifiable or an undiversifiable risk. Please consider the issues from the viewpoint of investors. Explain your reasoning There’s a substantial unexpected increase in inflation. The substantial, unexpected increase in inflation is a non-verifiable risk that affects the…
Economic cost Costs are defined as opportunities foregone when a decision is made; therefore, opportunity costs are costs of any action considered in form of greatest opportunity forgone (Willamette.edu, 2010). It is surrender value associated with the second greatest choice presented to the individual or firm which has selected amongst…
It seems reasonable to state that the Metro New Orleans area is quite significant for the restaurant industry. Hence, a comprehensive SWOT report on a notable actor in this area is a relevant action to undertake, and Ruth’s Chris Steakhouse might be the one. There are two Ruth’s Chris Steakhouse…
Introduction Of late, strategic management has been adopted by business leaders to develop competitiveness in their organization; it entails looking into all segments of an organization, which include human resources management, supply chain management, information technology management, and manufacturing costs and processes management. J. M. Smucker is an international food…
Introduction Martha Stewart had been enjoying a successful career up to the year 2001 when she was accused of insider trading and other related charges. These allegations had a heavy blow on her career and her organization, MSO, which she had worked hard to ensure its sustainability and profitability in…
Introduction and Background The concept of employee training has become a common subject for researchers and practitioners over the years. The primary principle behind training is providing a workforce with flexibility and freedom in making decisions related to work based on knowledge and skills. This is an anti-thesis of traditional…
What is the primary barrier to entry in the operating systems market? How does Netscape’s product threaten to remove this barrier? Microsoft has succeeded in creating a monopoly in the operating systems market with its Windows operating system. To start with, running an operating system requires very many software programs….
Management refers to all the activities and one’s duties undertaken by one or more persons to plan and control the duties and activities of others to do a given goal or complete a given duty. Management also involves staffing, directing, and controlling the employees of a given company or organization…
Introduction Recently, there have been a number of cases that have been reported within organizations that concern the issue of administrators in big firms utilizing their Information Technology expertise to avoid paying taxes and using their rank to mistreat other members of staff to the extent of developing personal relations…
Introduction Operations management is a key aspect in an organization and centers on planning and control of an organization whether a product or service through study of concepts from several engineering angles such as design, industrial and management which comprises information systems, production and accounting. Customers of different companies order…
Background This paper aims at identifying the application of ethics in business. A business ethics program is expected to provide the business architects with the best approach that should guide them in the process of designing and implementing the business initiative with minimal conflict with the societal norms of the…
Brief summary of article Global downturn aftershocks are to blame for the economic situation in the USA as far as economic growth and employment is concerned. The shocks have culminated into higher unemployment rates for a long period. The government is proposing the use of fiscal policies to create employment…
Introduction Tesco, PLC is one of the leading grocery supermarkets in the world with over 4,330 stores spread in 14 different countries in Europe, America, and Asia (Datamonitor 2010). The company’s first store was established in 1919 in the United Kingdom (Tesco 2010). It is currently a market leader in…
Introduction The day-to-day affairs of a corporation depend highly on various people. It is important to note that a corporation has an influence on all these people, either directly or indirectly. However, each category of stakeholders in any corporation has diverse needs and expectations of the corporation. It is human…
Introduction The Internet constitutes one of the most important innovations in communication technology. Unlike traditional media such as print, audio, and audio-visual platforms, the Internet fosters two-way communication. Search engines permit people to acquire information at a swift pace by eliminating the necessity of perusing through pages, as in the…
Introduction Background Over the last three decades, banking and payment methods have experienced a dynamic shift to the digitalized systems, thanks to technological development. Over the last few years, radio-frequency identification (RFID) payment technology has widely been applied in credit and debits cards (Hossain & Prybutok 2008). The technology is…
Analyze international markets and assess the risk elements, including political, economic, and socio-cultural factors Nowadays, L’Oreal is considered one of the world’s most commercially successful cosmetic brands. The validity of this statement can be well illustrated, in regards to the fact that, as of 2002 alone, the company declared a…
Assuming that a business productivity project was done for a company, it would be first presented to the consulting company for approval before sending it to the prospective client for review. This project focused on a business development initiative that established the stages, which a prospective business person or entity…
Introduction A marketing system is brought about by the interaction of people (Kotter, 1980). A marketing system can have adverse effects on people (Armstrong, 1987). Marketing has improved customer satisfaction, quality of life, and the consumption of goods in several countries (Steward, 1973). In order to reduce the adverse effects…
Introduction Online market retailing is the process of allowing interaction of the market products through the use of internet facilities. Modern activities are involved in these processes, which include browsing to determine the availability of on line shops, identifying the prices of different products, selling the products, branding the products,…
Abstract Technical communication, in a broad sense, can be described as a form of communication that encompasses qualitative and, to a greater extent, quantitative forms of research. It has an aspect of research and generates more information about technical processes that are related to an intended audience. Taking in-depth scrutiny…
Introduction To provide a proper demonstration, the presenter needs to provide a brief questionnaire to the target audience (Pearson et al. 259-268). The information collected will help the presenter understand the specific needs of the audience (Devito 35). Below is the questionnaire that I will present to my audience. Q1.Do…
Introduction Overstock.com is an organization that is based in the United States of America. The company was launched in 1999. Overstock.com conducts its business online. This article evaluates the mission and vision statement of Overstock.com. The paper will also focus on the major stakeholders of the company and how it…
Amazon, Inc. is a global company that has developed particularly as a result of acquisitions. For instance, Amazon, Inc. purchased Whole Foods Marketplace in 2017, and the company’s revenues are now part of Amazon’s consolidated financial statements. Amazon’s corporate structure allows for consolidation by using a hierarchal framework, with varying…
Abstract This research study offers a detailed description of various focus groups that were carried out among employers. The study was conducted in the Midwestern state using 10 different communities that were made up of 10 focus groups. To obtain a fair representation in the research study, all the segments…
Introduction When a firm proposes to buy the shares, stocks, or assets of another similar firm it is called acquisition. The process of acquisition is complete only when there is a concrete agreement signed by two or more parties. The acquisition process requires huge financial input because; firms have to…
Introduction Ethics in the office is usually taken for granted. When we are busy with our job, focused on increased profitability, we usually forget simple things that are needed in ordinary business dealings, or common conversations with office mates. This is true for me. I have been a leader most…
In his 1999 article ‘Training is the answer… but what was the question?’, Bob Rosner promotes the idea that, in order for a training process to prove effective, it must be 100% consistent with the notion of purposefulness. Among the main principles of ensuring this process’s successfulness, Rosner proposes the…
SWOT and Pestle Analysis SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) deals with the external and internal factors affecting the business activities. The strengths of Ben & Jerry’s business included the experience they have in the operation of the business that helped them to specialize in the business. The business…
Fact 1: why is this problem? This is found to be a problem because the flow of information from one point to another is indeed very crucial to any business venture. Through information technology, business units are in a position to fully equip themselves with the transfer of knowledge as…
Introduction The concept of business ethics is understood differently by various people. However, it all comes down to doing what is right in the workplace as dictated by the set rules and regulations regarding the conduct’s effects on products, services, and interactions with stakeholders. These norms which are in most…
Abstract The Abu Dhabi Ports Company is currently experiencing an upsurge in maritime traffic. The development exerts pressure on its core functions and affects the efficacy of non-core functions like procurement. The overall performance of the organisation depends on the collective improvement of the company’s operations. In the current paper,…
Employment practice The topic for the research is Wal-Mart’s employment practice, so the major focus of the paper will be made on it. To provide a good analysis of the topic it is important to limit it to a specific area. It is suggested that the employment practices in Wal-Mart…
Introduction International markets differ in terms of legal systems, economic status, language, religion and culture. Legal system affects operations of a company. 4ps of marketing mix should be considered. Natural resources and geography of a country affects economic growth and thus performance of a company. EduTot’s market infrastructure in Japan…
Introduction In the essay, I am going to give my reflection about a group presentation in a Business Studies class. The essay will focus on my experiences as part of the group as well as lessons learned. The essay will highlight several areas of interest. These areas include giving the…
This paper aims to discuss the peculiarities of the modern workplace. Moreover, it will describe the challenges faced by employers and employees. Overall, it is possible to single out the following characteristics of the contemporary workplace: Increasing emphasis on autonomy and creativity of employees as well as the flexibility of…
The threat of new entrants Economies of scale A South Korean car-manufacturing company that intends to enter the Australian market should bear in mind that it will have to compete with economies of scale such as Toyota or Ford. The main peculiarity of these companies is that they gain a…
Tarroc LTD Points to note: Tarroc is making normal profits. The industry is at its ‘long-run’ equilibrium. The scenario is given of the industry in which Tarrot LTD operates implies a purely competitive market. It is characterized by a large number of relatively small firms. These firms are considered price…
Describe the use of Gross Domestic Product (GDP) to measure the business cycle It is undeniable that the Gross national product can be used to measure the business cycle. The gross national product has occasionally been used to assess the US economy for a long time. This is as far…
Professional Ethics, Major Problems The Chapter under consideration discusses the problems of professional ethics. Arens et al. provide several definitions and theoretical frameworks explaining the importance of professional code and rules of conduct in the working environment (76). In the sub-points 4-10, the chapter provides information about the Code of…
What are the glass ceiling, glass walls, and the glass escalator and what are their effects on those who are constrained by them? Usually, a glass ceiling is a form of limitation to prevent the upscale of a person to higher positions, based on unfair and discriminatory grounds such as…
What is procedural justice? What strategies should an organization take to ensure that their performance management system is fair? Procedural justice refers to the transparency in the process of issues discussion and decision making on different levels of a company. Thus, procedural justice can be illustrated by the company when…
Benkler Article Networked Information Economy. Benkler (1) emphasized that the networked information economy requires physical capital for profitable production. The networked information economy is very important to human freedom and human development. The economy of production and transfer of networked information in the community significantly affects the way people see…
Introduction Globalization has created opportunities for employees worldwide. It has also enabled employers to recruit employees from every part of the world. However, this has come with its challenges namely cultural differences and conflict resolutions, among others. Of great concern are cultural differences, which have the propensity of causing conflict…
Employee Compensation and Subsidies Governmental contractors and firms that receive subsidies from the state are often required to pay the so-called living wage to their workers. In some cases, this requirement can be applied to every firm operating in a particular jurisdiction (York 223). In this case, the term living…
One year’s budget for my clinical practice Item Description Amount in USD Anticipated Revenue Startup Requirements 20 rooms Apartment rent for 1 year 60,000 Revenue from consultancy and service delivery 500, 000 Expenses One years’ salary for employees Utilities like water, electricity and tax payment 60, 000 20, 000 Capital…
Introduction For managers to successfully manage and lead organizations, several managerial skills and competencies are a prerequisite. This essay seeks to briefly look at what managerial skills and managerial competencies are. Consequently, the author will nominate human skills and explain it further and show why human skill has been nominated….
The first importance of knowing my ideal work culture is that it would enable me to treat employees with respect. It is important for employees to be accorded reasonable treatment because this motivates them to contribute positively towards achievement of organizational goals. The second importance is that knowledge of my…
Introduction The question of leadership effectiveness has stormed the behavioral sciences for a long time. There has been extensive research on the effectiveness of leadership style and of theories in different areas of work such as business, nursing, education, military, and politics. The leadership in each case has been adjudged…
Identify the attributes you would expect the claims processing Department at MICI to have once the new JIT system is in place With the implementation of JIT system at the MICI, customer claim processing is expected to be processed in a faster way. As indicated in the case study, the…
Identify the problem The problem presented to the organizations affects the entire company but is mostly rooted in the accounting and managerial department. The problem is rooted in the practice of accounting and especially with regards to forensic accounting. This has had the effect of reducing the profitability and accountability…
Business Indicators for (Foreign) Investors Foreign Exchange Stability Chowdhury & Haque (2008) pointed out that the foreign exchange stability and virtual exchange rates of currencies in SAARC nations were more stable on average throughout the past decade than the US Dollars, Euro, and Yen, which prevail in the Special Drawing…
Introduction Background Information Cathay Pacific Airways is a world-leading airline carrier and is the flag carrier of Hong Kong. Although the airline’s main hub is at the Hong Kong International Airport, their head office is located on the 33rd Floor, One Pacific Place, 88 Queensway, Hong Kong (Cathay Pacific, 2011)….
Introduction An organization requires a workforce working to achieve its goals. The early organization was based on the classical organization theories which failed to capture the “human” aspect of the employees in the organization. An organization’s productivity overrode the employee wellness; the employee was therefore treated mechanically, as a machine…
Encounter I had to use the services of this website because I needed to buy an airline ticket online. This organization appeared to me quite reliable and efficient. They helped me to make this reservation; however, a week later, they sent me an email and said that the airline company…
Definition of Terms and Concepts Organizational Culture Organizational culture can be defined as values and behaviors adapted by an organization. Organizational culture makes an organization to be unique in both the social and psychological environment. It is comprised of organization’s past as well as current assumptions including its values, philosophies…
My job of interest is a brand/product manager. This area lies in the field of marketing. This paper shall first describe the brand/product management and the role of a product/brand manager, before designing the program. Brand/product management is the hub of marketing. The brand/product manager is the focus of a…
Explain At Least Four of the Seven Steps for Setting an Initial Price for a Product or Service Select the pricing objectives In choosing its pricing objectives, a company must first establish what it wants to achieve with a certain product offer. A company can pursue various objectives and they…
Introduction This essay on global political economy will present answers to the attached questions. The answer to the first question will illuminate the exact functions of World Trade Organization (WTO), the problems associated with the body, such as market access in developing countries, tariffs, and impacts of subsidies, barriers that…
Based on the business philosophies of Amar Bose, how do you think the Bose Corporation goes about analyzing its competition? The impetus for Bose Corporation came, not surprisingly, from a sub-par stereo that had been purchased by founder Amar Bose in 1956. The poor performance of the stereo and tough…
Due to the lengthened lifespan among the global population, retirement benefits are an issue of growing concern among employers and employees alike. Because of the increased lifespan, the global population is expected to lead more active and healthier lifestyles in the years to come (Rappaport 151). Consequently, we are likely…
For a variable pay plan to be successful, the following factors are important: There should be enough financial resources available to kick start and sustain the variable pay plan. The variable pay plan needs to be consistent with the prevailing organizational culture (Belcher 232). It is important to ensure that…
What Is Strategy? Strategy according to this article is a way of planning on how a business venture will realize its projected growth in terms of profits. This according to the article includes maximizing service delivery to the customers at the minimum costs possible, reducing both production and operational costs…
Collective bargaining is a technique used by public union representatives and public agency managers to negotiate conditions and terms of employment. The goal of collective bargaining is to optimize the employer-employee relationship by facilitating a win-win situation for the various parties involved. Collective bargaining improves the workforce strength and as…
Introduction Globalization is not a new term since it has existed for a long period. For many years, globalization has continued to grow through trade, travel, migration, transfer of cultural elements, and spread of knowledge. For over 500 years, monarchs, adventurous, and financiers have been committed to the creation of…
Market pricing is a process through which pay structures are setting almost selectively by gathering, evaluating, and matching the data on job salary surveys to settle on the payable rates in the external market. In market pricing, use is made of pay survey data to recognize the comparative value of…
Southwest Initial Strategy Southwest’s initial strategy was to avail low fares, especially low unrestricted fares, to business and leisure travels to allow them to fly between short-haul city pairs (departure and destination points) instead of having to drive the distance between the two cities as was previously the case. Southwest…
Wal Mart case study Are the ethical issues faced by Wal Mart different from other large retailers? No; most of the ethical issues faced by Wal Mart are not different from those faced by other large retailers. The issue of employees’ wages is common in most large retailers. Mostly, employees…
The World Trade Organization is the sole global body that deals with fairness in trade among nations. It designs rules to ensure that large economies and small economies are at par in economic growth. However, its policies and propositions are not popular with most nations. Its aims are to facilitate…
Question 1: The high profitability of the soft drink industry is as a result of combined factors of high products’ demand and regional market monopolies. There are limited soft drink operators in the market, while the products themselves are complements of other foods and beverages. Low competitions and high market…
Equity refers to fairness or using the same yardstick to ensure that two or more individuals are treated in the same manner. Equity is a fundamental theme in as far as compensation theory and practice are concerned. In compensation, equity involves ensuring that the worker’s remunerations are fair, according to…
Competitive advantage is the ability one country has over another to produce a particular commodity with a comparatively lower opportunity cost. For example, Kenya has the necessary climatic conditions for the production of coffee. On the other hand, Switzerland has an advantage in the technology to manufacture refined coffee for…
Companies refer to several market potential indicators in making market entry decisions. Michigan State University’s School of Business has developed eight indicators to help companies to make such decisions when considering entry into emerging markets. Emerging markets are quite critical as they form majority of the world’s population and account…
«Cooker jar’ reserves» concept The ‘cooker jar reserves’ was a strategic technique that was used by Enron’s management to save what they had earned from a ‘rainy day’ using the means of storing extra earnings in reserves. The term ‘reserves from the cookie jar may also refer to a firm’s…
Historical Major Competitive Advantages for Apple Apple’s historical competitive advantages included: development of easy-to-use personal computers; innovative industrial design in the development of the computers such as the use of graphical user interface (GUI); technical elegance; development of superior software, and; employment of horizontal and vertical integration. Analysis of the…
Autocratic leadership style Advantages Autocratic style of leadership is very effective in times of emergency or stress since people will always work from orders or commands of their leaders. Such times require a leader with ability to give instructions or guide and direct to those under his or her authority….
Consideration of a simple economy in which two output goods are produced using only labor, yielding three markets Simple economy China’s agricultural sector is a simple yet labor-intensive economy. In the simple economy which is the agricultural sector, the cost of production and the prices of goods produced are mainly…
Introduction A mission statement is a broad statement, which precisely states and defines what the organization wants to achieve. It defines the greater intent of the organization and it gives the overall goals of the firm that provide a sense of direction and guidance in decision making to managers at…
Following the interview between a member of our research team and one of the directors of a bank, a multinational bank with branches all over the world, we were able to deduce the firm’s goals as follows; The vision is to be the champion of the socio-economic prosperity of the…
Introduction The purpose of this memo is to recommend the adoption of a lean manufacturing system at this company. As you are aware, many problems have affected our production process. These include: Late deliveries to customers, underutilization of machines and equipment, increased waiting time as products to be assembled have…
The company covered in this blog is Sikorsky Aircraft. The company manufactures commercial and military helicopters. The company has its headquarters in Strafford Connecticut and has branches in other states like Texas, Florida, and Alabama. The company has a large number of employees. This makes effective communication within the organization…
List the advantages of a single customer service center for RR Communications Answer: Information technology has the potential to establish and coordinate a single customer service center in the company, which will take up the tasks that multiple customer service centers (Webster and Robins, 2006). Although this is quite difficult…
Sara Lee’s corporate strategy Sara Lee changes its business strategies so that it can manage to align its operations with market demands. When the company was being formed, it acquired different industries so that it could increase its overall global market share. When this strategy became successful, the company began…
Introduction The recent global financial crisis affected almost all banks in the world with very few banks shielded from this misfortune. Australia and Canada were not greatly affected by the crisis. This is a result of effective regulatory mechanisms that were in place. But this is not to say that…