11501 samples of this type
Introduction Innovation and creativity are essential concepts that help organizations succeed and get a competitive edge in the market. Many companies want to introduce these values into their corporate cultures, but this process can be complicated. The problem is associated with the fact that it is challenging to measure creativity...
Introduction To construct a profile of the company, Motorola was chosen as a struggling organization with management-specific issues. First, it is essential to mention that this corporation was one of the most successful mobile phone manufacturers worldwide (Anderson, 2008). However, particular wrong steps and managerial mistakes led it to struggle...
Introduction Corporate social responsibility (CSR) has become an essential facet of corporate strategy in recent years. Most of the biggest corporations establish clear CSR policies due to a growing demand to hold organizations accountable for their actions and decisions and their impact on society and the environment. Apple is one...
Introduction Team leadership is managing and successfully guiding a team of employees in an organization. Therefore, team leadership is considered a critical element in an organization since it is the one that is responsible for the activities of the organization. The team leaders are the ones that are responsible for...
Introduction The rising cost of fuel, global recessions, lack of product differentiation among the airlines, and alteration of the aviation industry have made profitability aloof in the airline industry. To cover this gap, some airlines have looked for ways to generate income outside the traditional sales of airline tickets. The...
Introduction Business is an essential part of society, as it provides people with products and services. However, the relationships between business and society are reciprocal, as companies are affected by the interests of various groups. Shareholders invest money that allows the organization to conduct its operations and grow. They also...
Introduction The qualitative working environment requires different approaches to maintain the workers’ productivity and motivation. Among crucial aspects are ethical and jurisprudential issues, which should be followed to set high standards for the organization’s reputation. Such a tool as a pay model with different compensations is essential to manage these...
Introduction With varied forms, diversity has evolved into a vital aspect of contemporary social structures and corporate entities. As the global landscape becomes more diverse, the need to manage diversity effectively has escalated. Understanding how to engage, empower, and motivate individuals with varied backgrounds is crucial, as revealed by motivation...
Introduction Enterprise quality control techniques are tools that recognize, identify, and fix problems using graphical data representations. They are often used in manufacturing to process numerical data that has been mathematically and statistically processed. The four quality tools can be employed in phases, beginning with fault identification and progressing through...
Introduction In the modern world, precarious work is becoming more popular in the gig economy. This type of employment is rising due to insufficient public jobs and the lack of demand for people in the traditional labor market (Marginson, 2015). The structure of the essay consists of describing precarious work,...
Introduction It is important to implement various graphs and diagrams to understand the operation of the existing businesses and ensure the new company’s success (Kumar, 2022). The main goals of operations management are to ensure that the company can make the provision of products and services more efficient and increase...
Porter’s Five Forces Framework Porter’s Five Forces Framework is a ubiquitous instrument that could be used to analyze a company’s external situation in a particular market. It can highlight its strong and weak positions vis-à-vis other key stakeholders and potential competition to determine how dependable and vulnerable its stance might...
Introduction Fire safety refers to the condition of an object in which there is no probability of a fire. Specific measures are taken to eliminate it and exclude its negative consequences and factors if it occurs. Competent and accurate fire safety management is essential for the holistic provision of fire...
Case Background Peabody Fabricating Company is currently reviewing the benefits of producing its component over purchasing an identical product from a supplier in the future. The annual demand is 3,200 units, and the cost of capital is 14%, according to financial analysis. According to the accountants from the case study,...
Change and Organizational Development Strategies Attempted by Enron When failing to adapt to changes, the first strategy employed by Enron was to fix financial reporting practices. Contracts with customers were not audited properly, leaving enough room for incorrect transaction interpretation and recurring revenues that went unnoticed (Eckhaus & Sheaffer, 2018)....
The Impact of Sales and Operations Planning on Overall Company Performance The sales and operation planning (S&OP) in supply chain integration greatly impacts Amazon’s overall performance. Firstly, it exists to provide some form of balance between supply and demand. As explained by Qin and Liu (2022), sales and operation planning...
Introduction Operation and supply chain management (OSCM) helps to simplify business processes significantly. Given the speed of technology development and globalization, increasing the efficiency and productivity of companies allows them to gain a competitive advantage. There are different OSCM software packages, but the most popular today are Oracle SCM, E2Open...
Bally Total Fitness Case Study Background During the last two decades, the health club sector in the United States (US) has expanded tremendously, going from 6,700 to 27,000 by 2004. These health clubs’ expansion may be attributed to many causes, such as the growing number of health-conscious customers. This discussion...
The competitiveness of an organization ultimately depends on how well its management can apply various approaches to enhance the productivity of employees, who are considered the main assets of the company as they offer the skills and performance that are detrimental to success. Managing employees is among the crucial tasks...
In many spheres of life, mediation is being utilized more and more to settle conflicts. Organizations and policymakers are becoming more aware of the unique resonance that mediation has in the workplace in the UK. Positive disagreement between people or groups of individuals may seriously impede an organization’s quest for...
Introduction There is continuous debate about whether businesses must consider the interests of their stakeholders, which include employees, consumers, retailers, and suppliers, or if they should just be concerned with producing profits. When a corporation evaluates the impact of its decisions/operations on the environment, workers, local community, and society, it...
Marketing research involves collecting, recording, analyzing, and interpreting data relevant to the desired business. Through empirical statistics, the entrepreneur can understand consumer behavior relative to the brand, demand, competitors, and other external factors affecting business. In her article, Shaw (2022) states that there is a significant difference between the domestic...
Introduction In the contemporary, highly competitive business world, human resources in general and talent, in particular, are considered companies’ most significant value and asset. With an emphasis on innovation and creative, sustainable solutions, large corporations prioritize their prospective employees’ competence, skills, and knowledge to form resilient, reliable, and highly efficient...
Managers’ cognitive biases can negatively affect their decision-making process leading to suboptimal results. They normally include confirmation, overconfidence, loss aversion, bandwagon, information availability, and anchoring biases, as well as prejudices towards others based on religion, ethnicity, gender, age, and group identity, to name a few. Although a person cannot avoid...
Introduction Due to the restrictions imposed by the COVID-19 pandemic, people are still reluctant to go to public places, even now that the risk of infection is low and most restrictions are no longer in effect. Sports venues suffer financially to a large extent due to the low level of...
Introduction In Our Iceberg Is Melting, John Kotter and Holger Rathgeber tell a story about penguins whose iceberg is melting and cracking to transfer the message of the importance of organizational change. In the ever-changing environment, companies are expected to continuously adapt to maintain their competitive advantage and reach success...
Introduction Decision-making, for the purpose of this reflective analysis, is a process of arriving at a viable solution to a specific problem. This is a step-by-step process that requires one to gather information, weigh the advantages and disadvantages, and review alternative options. According to Garvin and Roberto (2003), decision-making “is...
Current Primary Market Segment I have conducted a thorough market analysis of KiwiCo and am eager to share my findings with you. After carefully reviewing the available information, it is clear that KiwiCo’s primary target market comprises parents of young children under the age of 18 (Gifts for Young Scientists,...
Introduction My personal experience with a company with a high level of corporate social responsibility (CSR) is IKEA. A CSR company does not put its own profit first, it is much more important for such a business to demonstrate positive practices aimed at improving the well-being of the community (Winston,...
In 1366, the monastery servants from the city of Leuven built the Den Hoorn brewery for their own use. After almost four centuries later, the history of the world-famous Belgian beer Stella Artois began. In 1708, Sebastian Artois became head brewer at Den Hoorn. After nine years, Sebastian named the...
Introduction Most managers know that organizational culture affects the effectiveness of innovation. This knowledge does not make it easier to implement interventions and change. Employees may ignore the tasks just because these tasks conflict with the existing organizational culture. Organizational culture is the norms and values most of the organization’s...
Executive Summary This report identifies challenges faced by NorLand Limited, such as siloed business units, lack of collaboration, misaligned incentives, and the need for succession planning. The report recommends increasing transparency and communication, investing in technology, and developing a succession plan to address these issues. An action plan outlines immediate,...
Executive Summary Ecosia is revered as an organization that celebrates biodiversity and climate action. In 2019, it became the first search engine to empower users to make more environmentally conscious decisions. Ecosia provides users with additional information about their search results, including a green leaf icon to indicate planet-friendly websites...
Organizational power and politics are essential to any company’s performance. Managerial skills are complex issues that require a manager’s expertise and professional knowledge, especially during the decision-making process. With Politics and power becoming new issues in organizational management strategies, many companies globally are keen on handling matters to do with...
Marketing strategic factors are essential for successful product disposal through a strategic marketing plan that understands these factors. According to Drummond, Ensor, & Ashford (2010), strategic market planning is the method through which businesses can direct their efforts where they will significantly impact revenue growth and competitive advantage. While venturing...
Introduction Apple Inc. is a technology firm founded in 1976. Since its formation, the corporation has expanded its business operation across the world. Currently, the business organization has several stores in the US, Africa, Europe, Asia, and North American markets. Despite rapid changes in the technology industry, Apple has managed...
Introduction The simple explanation for the complicated supply chain is that over the past few years, customer expectations have changed significantly. Customers’ demands for openness and flexibility in the purchasing process have made creative fulfillment ideas necessary, particularly for businesses hoping to keep or expand their relationships with their present...
Strategy 1: Digital R&D Driver Factors The rapid development and globalization of the world have become the reason for the technological changes in Toyota. They should enhance communication between the seller and the customer even during an epidemic or other disasters. However, the driver for using the ‘Digital R&D’ strategy...
Effectual thinking implies the necessity of understanding the resources a person currently has at hand. Those resources may be different, from the finances an aspiring entrepreneur possesses to specific skills they have managed to acquire throughout their life. Effectual logic calls for analyzing the given means, or controlled resources, and...
Abstract Aviation has experienced multiple challenges over the past decade due to economic, political environmental, and sociocultural issues, the pandemic having been one of the major causes of its setback. However, some companies, including Southwest Airlines (SWA), have managed to overcome these challenges by integrating innovative technological solutions. Nevertheless, SWA...
Abstract This paper uses statistical analysis to compare the average sample cost per square foot to the reported cost per square foot. Data for the Pacific region is used to specify the study. This includes selecting a random sample, calculating descriptive statistics, choosing an appropriate parametric test, as well as...
Introduction BestBuy is a large electronics retailer in the US and Canada and has almost 400 stores globally that sell smartphones, gaming consoles, computers, televisions, and other equipment and peripherals. BestBuy operates under distinct trade names in Europe, China, Canada, Mexico, and Turkey. The company uses a customer-centric methodology in...
Ethical Methods to Address Financial Shortcoming According to the case study, the most appropriate and ethical technique to understand the financial situation is the evaluation of losses and positive relationships with workers. Hillside County Medical Center is a healthcare organization that provides high-quality medical services and aims to satisfy patients’...
Introduction Stakeholders involved in the activity of Dell Technologies include employees, customers, business partners, and many more. The company has several sponsorships, such as McLaren Technology Group (Dell Technologies). Dell aims to maximize the level of technological assistance for the automotive manufacturer, bringing technology to different teams working under the...
Introduction Netflix was founded by Reed Hastings and Mark Randolph, who noticed a free niche in the video rental market associated with the inconvenience of using existing salons and services. Using an innovative approach in this business, they created the world’s first DVD rental. At the moment, the Netflix Internet...
Introduction Major business enterprises can utilize various frameworks to evaluate their marketing strategies and their outcomes. Examples of those frameworks are the MBA matrix, the PMI matrix, and the CAGE model. This case study aims to apply these theories to Alibaba, the largest e-commerce corporation in China. Thus, the paper...
Introduction The name of Leo Burnett is imprinted in the history of American culture as a unique expression of the approach to advertising aesthetics as a particular type of art. The originality of the Burnett brand lies in the innovative introduction of memorable characters into advertising culture. At the moment,...
Leadership behaviors play a significant role in creating healthy work environments. According to Han et al. (2019), responsible behaviors among leaders are an instrumental factor that establishes and maintains healthy work environments. In their study that evaluated 384 participants in a different organization, Han et al. (2019) responsible leadership behavior...
Introduction Apple Inc. is a multinational brand that has worldwide presence. The company manages to satisfy consumers’ needs with innovative products and excellent services, which is evident from clients’ loyalty and persistent interest in Apple’s production. Apple can access markets and consumers that smaller brands cannot, ultimately facilitating brand recognition...
Walmart’s success and triumph over the other competitors in the retail business are attributable to its business model. The company’s pillar, “Everyday Low Price (EDLP),” appears to have played the largest role in ensuring that the stores attract and retain customers, given that most buyers are price-sensitive. While other companies...
This case study reviews a Japanese-founded company UNIQLO, which launched the All-Product Recycling strategic initiative over 15 years ago, which embraces reusing and recycling. Customers may drop used clothing off in local stores, which then distribute it to people in need or recycle it (RE.UNIQLO, n.d.). The scope and commitment...
Continuous development is a natural aspect of the entrepreneurial field in which the participants involved are regularly optimizing their operational approaches and combining traditional business approaches with innovative solutions to increase their capacities. Over time, some management algorithms have been transformed under the influence of new trends, and some practices...
Introduction An infant industry is a newly emerging industry that requires close attention and support from the state. As part of the car building, countries are increasing their technical equipment and developing their economies. In addition, states minimize the impact of cars on the environment by reducing exhaust gases and...
To maintain a competitive advantage, two companies focused on the production of glass-related items have established an alliance that was meant to benefit them both. In fact, Vitro Sociedad Anonima and Corning Inc. supposedly shared similar corporate values and business strategies, which implied that a great joint venture could be...
This study of American Apparel found ethical conflicts such as untimely paying employees, using taboo topics in the community to promote their product, and insults and abuse by supervisors towards rank-and-file employees. Taking a closer look at the problems of bosses’ treatment of rank-and-file employees, it’s worth mentioning that Dov...
From a personal perspective, Home Depot is a company that epitomizes almost all elements of learning and value creation to the high extent. In particular, it has the highest level of motivating and inspiring people, developing leaders, and empowering employees at all levels. First of all, Home Depot defines the...
The ever-changing job market requires employers to be tough while making employment decisions. Management is tasked with preparing accurate job descriptions, which requires in-depth job analysis (Caldwell, 2018). The purpose of job analysis is to summarize the tasks, duties, and responsibilities of the job. Additionally, job analysis determines the key...
Corporate strategy is a continuous process of establishing a business’s value, setting goals for profits and growth, and training employees to achieve them. It is different from business strategy in that it is concerned with cost leadership, differentiation, and focus approaches rather than just competing in a market. Product, personnel,...
Firing People for Legitimate Reasons Managing the employees of the company is always one of the most difficult parts of running a successful business. Working together on a shared vision of success, workers, managers, and leaders all fulfill their own unique roles. In their level of influence, employees are placed...
Introduction This presentation aims at analyzing the organizational change in Vodafone Qatar in 2018. On February 26, 2018, before publishing the annual report, Vodafone Qatar announced that it would exit the business in Qatar and pass it its joint venture, the Qatar Foundation (Holton, 2018). This presentation discusses the process...
First-level supervisors are responsible for the day-to-day operations of their department and report to a store manager or other supervisors. They may be responsible for hiring and training new employees, scheduling, assigning work tasks, overseeing inventory and stock levels, and addressing customer complaints or problems. To attain outstanding results, the...
The fourth industrial revolution, caused by the ever-increasing pace of technological innovation, leads to changes in production, which, in turn, also requires the transformation of the labor market. Indeed, the progress manifests itself in the growth of robotization and digitalization, which reduces the demand for physical labor. Instead, human capital...
Introduction CSR is a concept of management that involves policies that institutions adopt to consider social, economic, and environmental implications while meeting the stakeholders’ and shareholders’ expectations. Numerous organizations list companies according to their CSR performance and these ratings often attract significant publicity (Porter, Michael, and Mark, 2006, p 3)....
Introduction At first, Starbucks serves as one of the wide-reaching coffee chains globally. It is estimated to have a revenue of $24 billion and more than 350000 (Snell & Lemley, 2017). The case study encapsulates Starbucks’ crucial steps it implemented to design a financial product anticipated to create an added...
Abstract The effectiveness of an organization’s leadership is among the most crucial variables determining its success or failure. Organizational goals are achieved by the leadership style of the person in charge. This report explores the influence and impact of leadership styles on a company’s success. Transformational, transactional, authoritarian, charismatic, bureaucratic,...
Introduction Traditional organizations were founded on the notion that the leader controls subordinates and that the organization’s strategy is dependent on the leader’s authority over followers. Daft (2017) acknowledges that there are four stages of leadership: control, participation, empowerment, and service. For instance, subordinates are supposed to be passive in...
Background Information An organization’s enduring competitive edge in today’s hypercompetitive economic climate is predominantly generated from intangible assets: human, social, and cognitive capital. Workers with the necessary aptitude develop intangible resources. By ensuring a sufficient supply of people with the required competencies, human resource professionals support organizational effectiveness in the...
Abstract Change management in the era of digital transformation is a critical need for any company. Companies must adapt to the pace of external market change to maintain competitive advantage, increase profits, and increase customer base. Lack of such adaptability leads to loss of customer trust and, as a result,...
Ethical values are a construct that determines the behavior and thinking of each individual. It is true that while some universal principles of ethics, in general, values are individual to each person: what is suitable for one is unacceptable for another. Recently, there has been a marked increase in academic...
Power is defined as the ability to create transformation, have an impact on others, or possibly influence others. Leaders in organizations must utilize authority to accomplish individual, group, and corporate objectives. Leaders should be capable of persuading their subordinates to work better and make crucial decisions, as well as their...
Digital marketing is a way to advertise goods through the Internet to develop communication and exchanges with customers (Pride & Ferrel, 2017). The four main elements of the marketing mix have been significantly influenced by digital marketing due to digital and social media advances and popularity. Firstly, it has noticeably...
This post raises many excellent points regarding the marketing issues’ challenges. First, I would like to address the advertising of luxury products. Kotler and Keller (2016) highlight the importance of targeted branding and a selective approach to the luxury products’ industry image. However, labeling Macy’s as a high-end, luxurious brand...
Daniel Goleman wrote the article called what makes a leader intending to analyze the impact and use of emotional intelligence in being a good leader. In this article, he analyses the different aspects of emotional intelligence such as self-awareness, self-regulation, empathy, motivation and social skills and how they make one...
Recruitment Tactics The first tactic can be described as a method of recruitment in which a candidate is suggested by a company worker. One of the advantages of this method is that there is no need to place ads in the media and on the Internet and wait for a...
Introduction The world depends significantly on the energy sector to survive. That explains the lucrative nature of the energy industry both globally and nationally. Generally, economies producing oil and natural gas worldwide exhibit significant stability due to the monetary gains associated with the highly demanded energy products. A substantially small...
Introduction In the era of globalization, many companies seek to expand their business, yet facilitating knowledge transfer is a difficult task. It requires an employee who is not only knowledgeable in their sphere of competence but also willing to live in a foreign country for an extended period. Their communication...
Introduction The diamond market is a relatively difficult field to operate in, which means that gaining a competitive advantage is challenging. Thus, it is certain that a corporation’s success in this domain is economically proficient in both micro and macroenvironment. De Beers is, indeed, the world’s largest diamond company specializing...
Competitive advantage is the characteristics of a product or brand that give a company an edge over its direct competitors. Structural and functional changes should make it possible to bring the main competencies of the enterprise in line with the emerging requirements of the external environment. Competitive advantage management requires...
Since the beginning of the twenty-first century, corporate culture has begun to change and shift. Currently, many companies tend to implement more individualistic and experiential approaches to hiring and training their employees. Additionally, with the rapid rise of various technologies appeared alternative means of executing these processes, which allow the...
Introduction It is important to note that a key part of one’s entrepreneurial competence involves an ability to properly spot and identify a critical problem or need, which requires addressing in a business-related fashion. The given problem identification and business venture proposition assessment will primarily focus on time management improvement...
Background Ford Motor Company is a world-class motor selling company whose leading brands are commercial vehicles and luxury vehicles under the Ford and Lincoln brands. The company has employed Ford Motor Company and has supplied cars for a long time since its creation by Henry Ford in 1903. The company’s...
Background Activity-Based Costing (ABC) is a useful accounting method that enables managers the collection, analysis, and evaluation of a business’s investment and expenditure habits. The aim of such activities is to streamline production processes and reduce costs (Syreyshchikova et al., 2021). Specifically, ABC saves the company’s resources such as time...
Introduction Strategic management is constantly planning, monitoring, analyzing, and assessing all requirements that a company requires to accomplish its goals and objectives. Organizations will have to reevaluate their success methods regularly due to changes in the business environment. The strategy implementation process aids businesses in taking stock of their current...
Employers and employees have a very shaky relationship. Some workers could feel as though their privacy has been violated and that their bosses do not trust them. The problem in this instance lies within the lack of trust, which can lead to dissatisfaction and reduction in productivity. However, monitoring employees...
Nowadays, competition forces different organizations to search for ways to become the best amongst others in their field of operation. The range of possibilities might seem endless, from mastering the old techniques to hiring the most fitting people as their employees. However, nothing compares to a sudden innovation that can...
Current and Recent Economic Conditions The Canadian economy is currently experiencing growth that had already surpassed, in some ways, the pre-pandemic period when there was a significant recession. It is evidenced by GDP and unemployment figures, which slightly exceed the values of January-February 2020 after a prolonged increase from May...
Introduction Electricity and natural gas were both sold wholesale by Enron Company Limited. It was profitable and operating well for the outside world, but the reality within was different. The lack of accounting openness gave the corporation’s financial situation a sound appearance. The truth about Enron was uncovered when outside...
There are many different examples of entrepreneurship examples in the modern world that show excellent results in their activities. One such example is such a famous personality as Mark Zuckerberg. This paper investigates and analyses Mark Zuckerberg’s entrepreneurial profile, the CEO and co-founder of Facebook and the youngest self-made billionaire....
Introduction One of the peculiarities of the modern world is the unprecedentedly rapid development of production as well as the sphere of services, which calls for especially thorough quality control. The latter requirement, in turn, is worth mentioning among the most powerful drivers of innovation; businesses have to adopt new...
Abstract Organizations apply a range of tools to analyzing their performance, measuring its current quality, and identifying the necessary improvements. Among those are the 7-S framework, the balanced scorecard (BSC), the SWOT paradigm, and its PESTLE equivalent. Using each of these separately enables resolving particular issues but leaves gaps, for...
Marketing planning is a tool that helps a company monitor and controls the internal and external factors that affect profit. Thanks to marketing planning, each company division understands the enterprise’s competitive position and what should be achieved in the future (Fahy and Jobber, 2019). Malcolm McDonald highlighted several critical barriers...
Aspiring Entrepreneur An aspiring entrepreneur can choose between different business organizations, including sole proprietorship, partnership, or corporation. This paper intends to deal with different business organizations, including their benefits and weaknesses. Moreover, it is also concerned with keeping accounting information and specific business accounts inherent in a sole proprietorship. It...
Accenture is an internationally established organization that serves various consumers. As a result, it adopts unique marketing strategies to ensure that its consumers find value and benefit from its marketing strategies. However, given the complexity of its business, the organization must continuously evaluate its marketing strategies to ensure that they...
Introduction Lakeforest Mall was opened in 1978 with four major anchor stores. It was inclined with ample parking ground and many major inline tenants. Retailers were competing to get a space in the Mall, which made it the pride of Montgomery country. However, four decades down, the Mall’s presence had...
Life’s Abundance is a multi-level marketing type of company located in the United States which focuses on selling healthy dog food (WoofWhiskers). As it is a MLM company, it majorly relies on two aspects: proper communication among the selling parties and successful representation of the distributed product to the targeted...
Abstract Although robots are more effective, human service is still preferred in hotel service. They can work under dangerous conditions, provide standardized services and work more than human beings. The inability of robots to interact, show and understand emotions effectively makes consumers prefer human service. Humans’ ability to provide personalized...
The smartest person I know is my friend who studies programming at university while maintaining a personal start-up and having enough time to maintain a perfect work-life balance. I am smart in my life position and attitude towards people. It is closer to a common-sense smartness in the way that...
Choosing a computer might become complicated; therefore, it is essential to compare various models. For instance, the two major U.S. computer manufacturers, Acer and Apple, are appropriate variants for work and study usage. Moreover, it is vital to consider the gross profit ratio to understand companies’ productivity when comparing. Factors...
Executive Summary Countries and islands along the Pacific coast face numerous challenges in the shipping industry due to social, technological, climatic, and economic factors. Significant factors affecting the industry include capacity constraints, the smallness of the islands, economic instability, distance from large markets, and effects of climate change. This paper...
It goes without saying that the successful development of a fitness business requires a well-elaborated growth strategy. All in all, there are five stages of fitness business growth that include getting started, building the foundation, growing a team, developing leaders, and expanding an organization (Greeley, n.d.). I suppose that within...
In the Pre-Industrial Society era, Starbucks would have experienced opportunities and difficulties in an equal measure because it was a new concept. People would not have been familiar with their products, and selling their ideas to potential clients would have been difficult. One significant opportunity would be the chance to...
Introduction The Body Shop International is a multinational firm that specializes in cosmetics and body fashion. Anita Roddick established the company in the year 1976. Shampoos, bath products, soaps, and other beauty-related accessories are the company’s core focus. All of the company’s products are made completely of natural materials and...
Executive summary A range of employee satisfaction problems were identified in the company: low wages, a tense atmosphere, and disrespectful communication from supervisors. The proposed solution was based on Maslow’s hierarchy, engaging in conversations with the upper management regarding wage raises and promotion opportunities and retraining supervising personnel in matters...
Introduction There are some metrics concerning decision-makers’ performance and decisions themselves: efficiency and effectiveness. As a rule, decision efficiency is defined by the number of resources consumed in a decision-making process. Such resources may include time, during which all advantages and disadvantages are considered, money, which decision-maker is paid for...
Introduction This essay explores the issue of the communication process in the business environment and analyzes how its use affects the organization’s effectiveness. Two companies from the technology industry were chosen to prove that the practical implication of the communication process has a positive effect on business. This essay uses...
This memo addresses recent events involving a former employee and accusations of breach of code of ethics resulting in her termination. Heather Smith worked at Lord Berkeley corp for six months before her termination over the aforesaid breach of code. The facts of this case were that the employee took...
Introduction A team is two or more people who work together to achieve a common objective. Moreover, a team might be formed for long-term cooperation or only meet for a few hours and complete a small task. From this perspective, group dynamics refer to how individual team members’ duties and...
A binomial tree is a financial tool that seeks to present a graphical representation of different intrinsic values that an underlying asset or option can take in different periods. The first general approach was developed in 1979 by Cox, Ross, and Rubinstein and has since become a popular method of...
There is a large amount of information that can help in determining the leadership style that suits a person. However, without knowing and analyzing their own traits, individuals will be able to achieve little. Thus, learning about oneself is an essential step in becoming an authentic leader (Northouse, 2022). Self-awareness...
Introduction Sephora is a beauty Products Company created in 1969 by a French beauty products enthusiast. However, in 1997, the business was acquired by Louis Vuitton Moet Hennessy (LVMH) (Moore et al., 2020). Over the years, the corporation has grown to become a leading retailer in the European beauty marketplace....
The Brief History Bvlgari is an Italian brand with Greek origins that has captivated the world. The company’s founder, Sotirios Bulgari, was born in 1857 in a small village in the Pindus mountains in northern Greece. For generations, the area was renowned for the art of silversmithing and craftsmanship that...
Introduction Customers have more options when it comes to where they purchase products and services in the more competitive marketplace. For an organization to attain its targets, it should initially discover what shoppers desire and then select the ideal approach to meet their demands and preferences. It might be challenging...
Introduction The three companies selected that use information systems include Walmart, Netflix, and Apple. At first, Apple used the supplier information system (SIM). The SIM is a database system deployed by the organization to collect, store, assess, and control its supplier data in a unionized locality (Reardon et al. 2021,...
Caterpillar Inc.’s Short Term and Long-Term Goals Caterpillar Incorporation Group acts like any other blooming firm and adopts short and long-term objectives to steer its advancement. Caterpillar’s long-term objective is economic prosperity, which will enable the firm to put more money into new goods and services while maintaining its worldwide...
Elon Musk was born on 28th June 1871 in Pretoria, South Africa. He has founded and cofounded some of the most renowned corporations globally, including Tesla Motors Corporation, Space Exploration Technologies, commonly known as SpaceX, and SolarCity. Elon Musk has led these organizations correctly and made them successful. He believes...
Introduction Business ethics involves a set of ethical and moral beliefs that enlightens the conduct and undertakings of an organization and its workforce. Ethical standards and principles help to define a company’s goals and values that guide the day-to-day business activities. Organizations need to observe ethical conduct in business communication...
Henry Mintzberg identifies ten key roles performed by managers of firms in his works. One of the first roles is a “figurehead,” which characterizes a manager’s legal, social and ceremonial functions and duties. In this case, a leader symbolizes authority, power, and high status. As a rule, subordinates see a...
Abstract This research paper covers the definition, strategic effect, and stages of the product design process. This paper also discusses four steps of Vs. Model and the stages involved in their design and selection of product design process. Planning is the essential phase in designing any product. A series of...
Introduction The invention process is a complicated and time-consuming phenomenon. J. Tidd and J. Bessant (2009) propose this theory concerning the concept of innovation. It starts with an image that might be considered a vision by others. And then, can the tiresome method of continuous checking and error occur as...
Introduction For a company to function effectively in the target business setting, it is vital to coordinate key corporate processes and different aspects of the firm’s functioning. Specifically, the structural, political, symbolic, and human resource-related frames should be considered as the key tools for characterizing the properties of a company....
Introduction Kent Chemical is a multinational company headquartered in Kent city in the U.S. state of Ohio. The company started as a producer of rubber and later shifted operations to producing plastic additives and chemicals (Bartlett & Winig, 2012). Due to the expansion of Kent’s overseas businesses, Kent’s operations shifted...
Introduction Choosing an appropriate marketing strategy is particularly crucial when starting a new business that needs to win its first customer and retain them. A restaurant with a starting capital of $50,000 is bound to face intense competition from many similar small businesses, and, as such, the choice of the...
There are multiple theoretical frameworks available for businesses to optimize their expansion strategies. The Porter Model is shaped like a diamond and comprises four interrelated and interactive factors that determine the likelihood of success for a company based in a particular country when competing in international markets (Kennedy, 2020). These...
The TED Talk about decision-making by Ruth Chang has several important implications. Whereas the standard way of thinking about the hard choices is that it is a curse, she comes to the conclusion that it is instead “a godsend” (Chang 14:20). However, it is not only the culmination that matters...
Explanation of the Decision-Making The Decision-Making Process The decision to open an innovation center in Singapore was made by the leadership of Ferrero Group, namely by Ferrero Chief Executive Officer Giovanni Ferrero in 2017 (“Ferrero announces opening of Singapore innovation center,” 2017). Another party involved in the decision-making was the...
Introduction This paper explores the standards of professional ethics and how it affects the employees’ productivity at a workplace. In addition, the work ethics of different generations is investigated. As a result of the thorough literature review, it becomes evident that the older descents are more hard-working than, the younger...
Organizational citizenship behavior has been increasingly popular and focuses on a person’s action that is not openly acknowledged by the existing reward approaches despite its promotion of successful operations in an organization. It embraces factors such as courtesy, painstakingness, voice, help-giving, and sportsmanship. Among the five aspects, help-giving, which entails...
An essential part of any organization’s activity is planning and decision-making. SWOT analysis is considered a convenient tool for these tasks, but it has limitations. SWOT is a description of “strengths,” “weaknesses,” “opportunities,” and “threats” of the company to present a complete picture of its activities and discover aspects for...
In the competitive job market, most view politics, influence, and power from a negative perspective. However, we have to learn how to apply the concepts ethically in our workplaces to achieve our goals. Power to facilitate promotion can be acquired by ensuring outstanding productivity. In essence, one must ensure that...
Introduction Budget is an important component of a company’s financial structure and may aid in its growth. Debt often has cheaper funding costs than stock, making it an appealing alternative for CEOs. However, a firm’s cash might be harmed due to interest commitments. When corporations employ loan capital for commercial...
Consumer behavior, as well as factors influencing purchasing decisions, is what the marketing strategy of most companies is based on. The purchasing decision-making process includes several stages: problem recognition, information search, alternative evaluation, actual purchase decision, and post-purchase behavior (Qazzafi, 2019). The first stage, problem recognition, begins with the buyer’s...
Teams have been regarded as a major element in enabling institutions to improve business performance. They push individuals to innovate faster, exemplify higher productivity, see mistakes more quickly, and develop better solutions. However, some teams do not succeed in attaining the organizational objectives. Teams that succeed, as evidenced by the...
Reflecting on the chapter on ethics and other professional responsibilities for human service workers provides valuable insight on how ethics codes are critical to a productive and correction provision of services. It is important to note that ethical behaviors can be manifested in legal, ethical, and moral perspectives (Summers, 2016)....
Project cost and funding mix Kimura et al. (2020) state that the company is a joint venture between the Indonesian Government (Pertamina) – 55%, TotalFinaElf Indonesia – 10%, VICO Indonesia – 20%, and Jilco – 15%. According to Bontang LNG Plant (Liquid Natural Gas Project), Indonesia (n.d.), the project was...
Workplace disputes are unpleasant, but unavoidable, and affect the overall atmosphere of the team. Workflows must be transparent and easy for employees to understand. If business processes are clearly defined, there is no room for confusion – the organization works smoothly. Because Diana had problems understanding the situation, a protracted...
Introduction Wells Fargo is one of the banking institutions in the U.S that faces significant ethical issues due to its distinctive practices. Over the decades, the company faced various lawsuits and scandals concerning customer relationships and breaches of their trust. A violation of clients’ rights in producers’ and consumers’ settings...
Management accounting is the task of the financial service of the enterprise: the financial manager or the financial director, but in many small and medium-sized companies, this function is assigned to the enterprise accountant. Financial accounting is regulated by documents and collects information necessary for the preparation of financial statements...
In 2013, Zappos which is an apparel retailer, announced that it was shifting its organizational structure a more fluid, less hierarchical form known as Holacracy (Nisen, 2013). The principle of Holacracy is that it eliminates traditional hierarchy by essentially removing all position titles, managers, and other means of subordination. Instead,...
The continuous flow process type model is the most commonly used model to measure the capacity of firms in diamond value chain stages. The model allows for examining how much service a firm can produce given its resources and the demand. This information is important for assessing a firm’s potential...
The balance sheet is one of the four core financial statements used to report the company’s financial information. The three primary characteristics documented in the balance sheet are assets, liabilities, and shareholder equity (“The four core financial statements,” n.d.). The former refers to cash, inventories, land, equipment, and other purchases...
Introduction Amazon Inc. is a global online vendor and a pioneer within the online retailing space. It has achieved its popularity due to its positive and quality provision of goods and services to its customers, maintaining a competitive advantage within the market sector. However, the corporation has been experiencing cultural...
Mapping Sociotechnical System Note: Red boxes include people inside and outside of the organizational system, green boxes – related organizations, and blue boxes – technology. The systems map presented in Figure 1 shows the crucial elements within the company and the external elements that may affect its business processes. It...
Abstract The coronavirus pandemic has had a devastating impact on various industries around the world, including the automotive industry. In this paper, the primary focus was to investigate the effect of the pandemic on the financial performance of companies in the automotive industry. The researcher collected data from secondary sources....
Introduction For a leader of any company, be it a small business or a large corporation, it is essential to analyse its current state, define the factors that influence it and try to predict the future of the firm itself or its product. Various methods and models allow managers to...
Doing business with an individual from the USA differs significantly from an Asian customer. The varying nature of countries and regions propagates diverse cultural norms. Businesspeople should consider these aspects when conducting intercultural commerce. The world is getting increasingly connected with individuals exhibiting cultural differences. Our response to cultural variations...
Introduction The 21st century embodied technological progress that has encompassed most spheres of human activity. In the current age, new advancements are developed at a rapid pace and introduced across various spheres of work, leisure, and entertainment. Furthermore, this unprecedented level of progress leads to profound transformations of the industries....
The selection of either mechanistic or organic organizational structures is conditional upon their applicability to different environments, and, therefore, these models have nothing in common. Even though they are never met in a pure form, there are no similarities between the work modes corresponding to them regardless of the position...
Introduction A crisis is any event or action that can negatively affect the reputation of a business or undermine the credibility of the market, customers, and partners. A crisis manifests itself precisely when we are not expecting it and are unprepared for it. It is for this reason that the...
The current research question is concerned with investigating the impact of worker and management diversity on US tech companies’ stock prices between 2010 and 2019. Therefore, it is important to find studies that show how gender diversity shapes organizations’ performance and what indicators point to either favorable or unfavorable results...
Background I selected GRI reporting framework because, besides providing services, tools, and training, the framework also provides materiality assessment services. For example, companies may disclose their climate change effects to investors and customers using the GRI Standards. It is therefore a good concept to learn since it is useful in...
