11072 samples of this type
In 1996, Kaplan and Norton wrote an article about organizational functioning called “Using the balanced scorecard as a strategic management system.” The paper introduces a complement to the company’s financial metrics in the form of balanced scorecards, which imply the addition of certain non-financial factors. Kaplan and Norton believe that...
Introduction Current issues illustrate that project planning requires better cohesion, communication, and tools to execute an organization’s efficient operations. Because the manager cannot create a project strategy by filling templates, the organization requires more from their scheme than in prior circumstances, and the way to achieve a sharp end is...
The development of society from an industrial to an informational society is characterized by a growth in the value of human capital. The evolution of various spheres of services, the high technology market, and the emergence of the need to show creativity and the ability to communicate in society has...
The VUCA framework has been used in various business establishment scenarios to explain the changes in the external business environment that impact how a business functions. It describes the business environment as unstable, characterized by chaotic changes, unclear standards, or prevalent outdated projects and plans. Despite the increase in eco-friendly...
Introduction Entrepreneurs are those people who are eager to take risks to start a new business. My first take on Tom’s advice on how to become a successful entrepreneur is “taking risks and making profits within the dynamic business environment” (Lennon, 2022). For entrepreneurs, the risk is the possibility of...
When it comes to businesses, many might struggle with forecasting, planning, producing, and distributing short life-cycle products due to inadequate calculations, lack of information, or inefficient approaches. For example, one of the problems connected with forecasting short life-cycle products like fashion apparel or electronic devices is a lack of past...
MD Properties is a full-service real estate firm that follows the classic European estate agency paradigm that is based in Qatar (MD Properties, 2022). MD Properties prides itself on the investment made in grass-roots human resource, via in-depth training, product knowledge acquisition, and personal development programs. It is known for...
Summary A SWOT analysis assesses an institution’s internal strengths and vulnerabilities and external possibilities and threats. Internal assessment is used to discover the company’s resources, abilities, areas of expertise, and competitiveness. The goal of a SWOT matrix is for an entity to use the understanding it has of its internal...
Workplace culture is directly linked to employee stress, engagement and productivity. According to the 2016 Global Wellness Institute report, costs of health problems caused by work stress reached 12% of the GDP in the United States alone (as cited in Mazur & Mazur-Małek, 2018, p. 98). The problem of insufficient...
The importance of organizational citizenship has grown in hospitals and other medical facilities in recent years because of the COVID-19 pandemic. The ARC organization is not an exception because the company strives to improve the lives of people with developmental disabilities. This post will discuss activities supporting internal and more...
Strategic planning is the process or procedure associations use to foster intention to accomplish long-haul objectives. The National Dental Franchise will be located in Texas and later expand to other parts and cities. The Healthcare organization, The National Dental Franchise, will have several branches in the city, especially around schools...
Valuable individual skills that are usually associated with managers are creativity, the ability to negotiate, risk management, and strategic thinking. Creativity allows such people to boldly make decisions that often look marginal and risky at first glance. Such specialists know how to offer the customer an innovative product. The ability...
SWOT Factors Strengths Strength 1: Well-developed distribution network. Strength 2: High level of automation of activities (Jacobs, 2021). Strenght 3: Good capital expenditure returns (Jacobs, 2021). Strenght 4: Highly competent and skilled workforce. Strenght 5: Strong brand portfolio. Strenght 6: High level of customer satisfaction. The company has extensive experience...
Abstract This job involves finding and analyzing the numbers in Marriott International’s reports. It includes the collection of information and a detailed study of the data obtained during the study. At the end will be formed a detailed report on the work done, as well as the conclusions. Based on...
Introduction Possum Products CEO wants to expand the company to the international market, but different issues need to be addressed. The CEO wants to expand its geographic footprint in selling dried, low-fat smoked opossum, venison jerky snacks, and ostrich packs. The company has enjoyed success in the United States, but...
The causes of workplace conflict between the city’s firefighters and city management Poor communication between the city management and the firefighters’ representatives. The mayor ordered for employment of new firefighters, a total of twenty-five rookie firefighters. According to the firefighters, such a decision that lacked bearing from their representative’s side...
Qualifications of a Basketball Coach The goal of any basketball coach, whether at the high school, college, or professional level, is to have their team ready to compete at the most outstanding possible level. Teams receive guidance from coaches in both practice and competition. Stojanović et al. (2019) identify the...
Introduction A project is a collaborative or individual enterprise carefully planned, designed, and implemented to achieve the desired aim. Managing a project enables organizations to understand their strengths and add value to the organization, contributing to its success. Project management is achieved through five processes: initiating, planning, executing, monitoring/control, and...
Servant leadership revolves around empowering and developing people and the leader has the responsibility of showing humility, being authentic, accepting people for who they are, and providing direction. The element that seems most natural in servant leadership is humility. Humility is the ability to put one’s talents and accomplishments in...
Positioning issues are directly related to trust, consumer loyalty, and desire to buy brand products. That is why positioning strategy is about differentiation, individuality, and strengthening positions in relation to competitors. It is also about what to rely on and how to create the right brand associations. A well-promoted and...
The Commitment to Social Responsibility The Concept of Responsibility The concept of responsibility is essential because it provides a sense of purpose at an individual and societal level and the ability to become accountable. It is an ethical term that relates to individuals’ and groups’ moral obligations and duties to...
Prompt 01 During the COVID-19 pandemic, SMEs and retailers faced various challenges. Notably, organizations play a crucial role in supporting the country’s economy and the needs of its customers. Thus, during the pandemic, providing services and attracting new leads has become more difficult than usual. The dissertation topic revolves around...
Introduction To solve the problem that is relevant for Mega Telco, specialists need to carefully analyze the data. It is worth highlighting that the most effective types of information in this area will be customer data, their current tariffs, pricing of competitors, and place of residence (Provost and Fawcett, 2013)....
Surveys are one of the most common research methods that allow directly getting information of a different nature from the respondent. The survey belongs to the group of quantitative methods, which makes it possible to apply various mathematical methods to analyze the results obtained (Glastonbury & MacKean, 2020). The instrument...
Cosco’s purchase flowchart Cosco does not put any specific emphasis on the buyers. Instead, Cosco’s qualification review includes the supplier’s background information, their achievements, capability, and guarantee, quality assurance, and compliance history. These suppliers appear in vendors’ list, and purchasers therefore will be able to select them (Cosco Shipping Lines...
Introduction Walmart headquartered in Bentonville is the largest retailer globally with over 70% of its sales coming from the domestic USA market. It had fewer online operations accounting for fewer sales globally but later made technological strategies a priority which led to its expansion to outside countries. It sells merchandise...
Investment Project I have pondered for years about the socks business, and with each passing day, it is getting better. “Designer Sock” business is a sole proprietorship venture that I began one year ago. It is strategically located in a storefront next to a sneaker shop. I singlehandedly embarked on...
Introduction It is important to note that the company of interest is a small IT startup called Innovative Solutions (INOS), which was acquired by a multinational enterprise (MNE). The cultural attributes of INOS include horizontal, relaxed, non-hierarchal, and innovation-focused elements. Discussion However, the organizational culture of the MNE is hierarchal,...
Self-motivation plays an immeasurably important role for any entrepreneur as it substantially contributes to the success of his venture. At the same time, self-motivation along with the motivation of others differ from other components of this success, such as luck, self-discipline, and thorough planning with the use of professional skills,...
Research aims and objectives represent some of the central features that determine the relevance, novelty, and validity of a study. The articles in question is Corporate Social Responsibility Reports: A Thematic Analysis Related to Supply Chain Management. Within its framework, Tate, Ellram, and Kirchoff (2010) address the titular concept in...
Introduction In a business environment, the definition of a project does not differ from the general definition of this concept. A project is a list or series of tasks that must be performed sequentially or in parallel to achieve a specific result. A project cannot be a single task, even...
Significant Factor in Resource Allocation and Business objectives The success of a project or any initiative relies significantly on the steps and strategies in place to allocate the available resources. Resource allocation is the responsibility of leaders in a setup; it entails assigning competent people some specific tasks necessary to...
Audit planning Audit planning is an important preparatory phase of an audit that includes several necessary processes. It will provide the possibility to develop strategies for dealing with issues identified, which will facilitate the task in the future. Moreover, planning includes the identification of specific audit procedures at each stage....
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...
Introduction Going international is integral in the economic growth of organizations in the era of intense competition. With increasing globalization, an aspect like internationalization is beneficial to contemporary organizations like MB company. Based in the US, the company deals with manufacturing and selling electronics. However, after operating in the local...
Supply chains are a common subject for scrutiny, as their role in the modern economy exceeds any precedents. Fast and reliable transportation of tons of goods was a shock to many firms. Companies that anticipated the importance of delivery services, such as Amazon, have achieved significant results in the market...
Executive Summary The learning process has changed due to the COVID-19 pandemic. Many students do not have the same resources for accessing online classes. This divide in access leads to disruptions in the educational system and unequal learning opportunities. Currently, an established procedure for supporting such individuals does not exist....
The American multinational business and technology giant Intel Corporation, more frequently referred to as Intel, has its headquarters in Santa Clara, California. A substantial part of the world’s desktop computers use microprocessors that were created by Intel. The international technology corporation additionally produces a considerable portion of the semiconductor chips...
The consulting project will be about a marketing challenge faced by the Ohio Alliance to End Sexual Violence (OAESV). It is a non-profit statewide sexual assault coalition, the mission of which is to promote rape crisis services and support communities in efforts to prevent sexual violence. Its marketing challenge is...
Introduction The justification and selection of specific management decisions related to financial risks are based on the concept of management decision-making. This theory assumes that decisions associated with risk are always characterized by elements of uncertainty about the specific behavior of the initial parameters, which do not allow one to...
Abstract This paper aims to understand ‘tone at the top’ and integrate it with leadership management. It explains how leaders in the organization, in this case, CEOs, Board of Directors, and other senior members, can solve organizational problems using culture and values. The impacts of tone at the top on...
Teck’s annual report demonstrates a high degree of transparency, as the financial statements are highly detailed and supplied with analysis and explaining notes. As it is instructed in the CPA Canada Handbook, the company includes the assets, liabilities, income, expenses, and equity in the statement. The numbers are separated into...
Position Strategy The online learning and education market is evolving positively and providing many clients with needed services, but it is also prone to technology or management-based issues. As such, EdSmart can present a competitive advantage by maintaining a number of core competencies within the online education industry. The models...
Walmart’s store sales performance shows the following indicators: product ranking, which includes total unit sales, item page views, and average product rating: Product review and seller’s ranking (Walmart, 2020). Since the reports have transitioned to online selling or website, one indicator we can see is the consumers’ engagement with each...
Market entry is described by a company’s strategy to pursue new markets, usually international. This occurs when a company is looking forward to expanding globally. A company can expand into a developed industrialized region like the EU and a developing economy like China. Both markets offer big buying and development...
In his article, Tod Zenger seeks to teach his readers a key lesson, which is the manager’s need to follow the original strategy of the company that provides its value. The author insists that in order to ensure a business’s long-term prosperity, it is not necessary to sacrifice the original...
Introduction The topic chosen for research is as follows: The influence of employee motivation and relevant appraisal techniques on organizational behavior. The following research question can be posed: What tools to increase employee motivation have the most positive impact on organizational behavior? This type of research implies using a qualitative...
Inside the Minds of Social Entrepreneurs Social entrepreneurship has as its goal the development of organizations for the achievement of social good and not for personal gain. First of all, the job description of a social entrepreneur includes the need to play a leadership role within the organization and seek...
The case focuses on the relevant problem of information systems’ implementation and systems’ failure in meeting management’s expectations. Through several controversial and inconsiderate decisions, the Midsouth Chamber of Commerce (MSCC) was left with a non-operating information system and a deteriorating relationship with the Data Management Associates (DMA), the organization providing...
I take a responsible approach to the distribution of my budget. Basically, I use a manual process for calculating planned and actual expenses. To optimize the process, I use the bank’s application, in which I see the distribution of the budget by month. Since I set aside enough money in...
Introduction Courses in cinematography and animation in Ibadan require developing a specific business plan for its further implementation to launch a start-up, considering the issues of strategy, marketing, financing. Operations The need for personnel and resources is manifested at the initial stage of project launch. Online courses are not considered...
Introduction The chosen concept from Robbins and Judge (2016) to be explored in this review is that of corporate culture as a liability. While there is plenty of discussion about how corporate cultures can enhance the performance of a business, assist in retaining employees, and contribute to the quality and...
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...
Rabin, Roni Caryn. “U.S. Wooed Alcohol Industry for a Drinking Study.” New York Times, 2018, Web. The article discusses the issue of conducting scientific research aimed at justifying moderate drinking. Various observational studies throughout the years have found that light can have a positive impact on the cardiovascular system of...
Introduction Market segments are created by subdividing a target market and afterward arranging the populace according to the major factors that influence their purchase behavior. Sex, age, wealth, ethnicity, career, culture, marital status, and locality are a few of these. Discussion Apple is a recognized brand with appeals to individuals...
Introduction Four years ago, I was appointed as the assistant manager for digital sales and marketing at General Motors Company, Europe region, after joining the Company six years earlier. The regional role granted me a chance and visibility to offer my services and extend the sales and marketing of the...
Amazon is one of the world’s most extensive and expensive companies. In 2020, Forbes ranked it 4th in the list of the most valuable brands after Apple, Google, and Microsoft, with a valuation of $135.4 billion (Swant, n.d.). In one year, the company was able to double its performance. In...
The financial strategies of different organizations across different business sectors The different financial strategies used by organizations from different business sectors. Oil & Gas Industry The financial strategies employed by organizations in the oil and gas industry are a result of thorough decision-making processes amidst constant price fluctuations. Their overall...
Introduction Professionally successful people or leaders often have patterns of behavior that are hard to find in others. It is interesting to observe such people, to follow their motivation at work and priorities. Leaders and other essential workers start their journey long before they enter a vital position: some at...
Introduction The recent history has seen two topical examples of severe disruptions within the aviation industry. The first one occurred at the very beginning of the 21st century when the United States fell victim to one of the largest terrorist attacks in history on September 11, 2001. This attack was...
In the modern world, small businesses struggle to promote their services for various reasons. Such is the case with Huskyboost.com, a company that provides various boosting services for players in online games. Boosting in-game services showcase a perfect example of an overrepresented market segment. For instance, World of Warcraft –...
Summary Hewlett-Packard is one of the largest players in the industry of computer hardware and software, IT solutions, and office equipment. However, the company mainly focuses on developing and producing personal computer systems (PCs). The industry is currently in decline due to increased attention to mobile devices, a high degree...
Introduction Market promotion is an integral aspect of any business’s development, which is particularly important in the era of globalization. Modern organizations employ a variety of strategies and technologies designed to increase interest in their brands and expand their customer base, thereby generating revenue. Despite proven business development models and...
Introduction Non-profit organizations are quite widespread in the present world. Multiple social, political, educational, and other entities are considered not-for-profit businesses because if they generate any revenue, it is not taken by private parties but used for the organization’s purposes. That is why management theory draws much attention to this...
Why this paper is being presented: To gain approval for an increment in social media marketing to attract new financiers and make the business known to other people. The proposal suggests that Starlight Children’s Foundation uses its social media pages, such as Facebook and Twitter accounts, to market its activities to...
The product is a wearable tracking device from Always Close; the industry code for it is 3829 (Controlling Devices). When small children play in the park, parents would like to feel comfortable. Going for a solo run, people want to feel carefree but still look after elderly family members and...
Leading with Leadership Intelligence The model of effective leadership should have a three-component structure: universal competencies, variable competencies, and dynamic competencies. Knowing the goal set for the leader and analyzing the conditions of the social situation at all levels, a certain number of critical intellectual abilities can be identified. The...
My personal definition of diversity is the unification of people from different cultures, ethnicities, religions, or any other distinctive backgrounds or criteria that results in cooperation and mutual benefit for all members of such a group. In my opinion, such a description should be utilized over the others because it...
Personnel management focuses on recruiting, selecting, training employees, and maintaining a satisfied workforce and relationships within the organization (Berman et al., 2019). In addition, personnel management is part of Human Resources Management (HRM) that involves a strategic approach that helps an organization to effectively and efficiently manage and control employee...
This case happened at one of my jobs during high school. I worked in a restaurant and witnessed different situations of an impolite and biased attitudes towards foreign employees. Our working team was quite multinational; we had a few workers from China and India. The guys were foreign exchange students...
Introduction In the organizational environment, making the most beneficial decisions is crucial for the future growth of the company. Currently, many executives use decision trees to formulate possible decision outcomes easily. Advantages of Decision Trees The most critical advantages of decision trees are their simplicity, specificity, and comprehensiveness. Simplicity is...
Introduction In recent years, the global market has changed due to the appearance of the COVID-19 pandemic. Therefore, developing a successful business has become a more significant challenge for many young entrepreneurs. In creating a venture, it is essential to understand the problem and what kind of opportunity this problem...
Evidence-based practice is used in many scientific fields, and quantitative approaches allow for statistical analysis that can be duplicated, verified, or disproved by the research community. The journal article “Corporate governance and board of directors: The effect of a board composition on firm sustainability performance” by Naciti (2019) was selected...
Introduction: The E-Commerce Logistics Industry Since the 1990s, there has been a rapid development in information and communication that has greatly changed and revolutionized the global business world. In particular, the rapid technological development has influenced and modified how organizations apply logistics and their supply chain operations as a business...
Effective leadership is the most important part of any organization’s success, and analysing strategies used by effective and ineffective leaders can help to understand what qualities contribute to it. Two leaders that will be discussed in this essay are Satya Nadella and Ken Lay. Nadella has been the CEO of...
Introduction Change management plays an integral role in the success of a change process. It is a strategic approach used in dealing with transformations in an organization (Paraschiv et al., 2019). Organizations usually use Kotter’s and Lewin’s frameworks in some of the change management models. These models provide a pathway...
This marketing plan is for a new company that provides a unique service in the area of online marketing. The company plans to offer its services to small businesses that do not have the time or resources to effectively market themselves online. The company will provide these businesses with a...
Process costing is an accounting methodology that tracks and accumulates the direct costs and allocates the indirect costs of a manufacturing process. This method allocates costs to production units in companies producing large quantities of homogeneous products. Process costing is suitable for manufacturers that produce similar products and where production...
Introduction Corporate social responsibility (CSR) is a concept that is considered at the organizational level and is seen as a company’s privacy policy, and businesses must connect it with their business strategy. The implementation of corporate social responsibility in an organization extends beyond regulatory compliance to include involvement with society,...
The requirements for the personality of the Noncommissioned Officer as an educator in current conditions are constantly increasing. This is due to the objective need of the subjects of the military pedagogical process for continuous and targeted influence on cadets during school hours. However, not all sergeants have the necessary...
Executive Summary This report’s aim is determining strategic project environment of Ooredoo’s Mobile Application Development project. Ooredoo is the leading enabler of digital business innovation in the Qatar region. The project’s environment is evaluated using the PEST analysis, hence analysing the project’s influence on its environment. To expand and improve...
The chosen product is natural peanut butter of the Rois brand, produced in the USA. In the USA, more than 300 thousand tons of peanut butter are consumed per year – sandwiches with this delicacy are eaten at any time of the day or night, and the number of jars...
Abstract There are many factors that today determine an organization’s success. Besides many resources such as money and time, leaders, managers, and their mode of leadership solely influence organizational success. Leaders and managers are responsible for making rules and policies and implementing strategies that are the key drivers in an...
Introduction Coronavirus introduced new restrictions in the entire world that paralyzed all sectors of the economy of nations. It placed an unexpected halt on everything, including the food supply chain, with obstructions on farm labor, processing, movement, logistics, and switches in demand (OECD, 2020b). Disruptions were occasioned by countries’ adopted...
Strong leadership and diversity control practices have become unavoidable in any company or organization determined to overcome global market challenges and create a productive working environment that fully utilizes accessible human and natural assets. Workplace diversity might be found in an organization hiring people from various cultural backgrounds, genders, and...
In the article “Human resource management systems, employee well‐being, and firm performance from the mutual gains and critical perspectives,” the authors explore the influence of different HRM systems on employees and companies. They tested two main theories connecting HRM and performance to understand which party benefits from HRM practices more...
Introduction The aim of this study was to elaborate a deeper understanding of authenticity that was experienced by senior managers. Authenticity is linked to people’s motivation, psychological well-being at work, and self-esteem. The premise for the study was based on last researches that showed destructive influence on employees’ feelings, satisfaction,...
The problem of bullying creates a severe issue for the atmosphere of the workplace environment, the mental health of workers, and their performance. Various factors can contribute to the developing problem of harassment. It may be due to the application of incompetent leadership strategies that create the feeling of helplessness...
2019 Amazon did not experience any shocks in 2019, demonstrating normal development. With $280,522 in annualized recorded revenue in 2019, Amazon showed no big jump compared with 2018 (Amazon, 2020). Massive movements can be seen in the area of sustainable development and research. One of the principal investment areas was...
Introduction Decision trees are prone to several problems, including overfitting, overly complex information, high variance, and bias in outcomes, and it is essential to mitigate these issues. Overfitting Overview The most fundamental problem of tree induction is that all decision trees (DTs) are prone to overfitting. This concept refers to...
A good manager is characterized by a continuous desire to enhance everything, from operations and routine processes to management systems. An executive’s proactivity for change, and the ability not to become complacent, creates a nurturing environment for continuous improvement in the company, contributing to the sustainability of the business. I...
The company selected for the analysis is UPS, experiencing a rise in online sales and should monitor and manage the sudden upsurge. Based on the case study, in 2013, UPS miscalculated Christmas demand and failed to deliver items on time due to poor weather. Since then, the carrier has focused...
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...
Importance of the Article to Organizational Management An organization’s mission is accomplished by efficiently managing all firm operations and resources. Organizational management is a discipline that focuses on developing strategies for achieving its long-term objectives. Effective management of an entire organization is vital for any business to blossom. It is...
Workers may receive assistance from managers in comprehending how they are coordinating various tasks. [ that lessen their value. Before establishing goals, people should carefully consider their own shared vision and the items they want to achieve. Since they frequently have a longer time horizon, goals can be broken down...
Communication has become central to the efficient performance of any company in the 21st century. Therefore, ambitious managers should be able to determine the necessary cues and choose the most appropriate channels that ensure the best results. What is more, various channels have different richness, which describes their ability to...
Communication between the workers and the company’s management occurs indirectly, through intermediaries, in a business form. Employees of the organization received information through a memo that did not contain any explanation (Bierman, 2018). Communication between employees of the organization is direct and personal. Personal communication between employees gave rise to...
Introduction Negotiation is an instrumental area of study that mainly encompasses elements of human interactions and behaviors. Successful negotiation entails planning and preparation; under this, I adopted early preparation, which significantly improved my capabilities in the negotiation. While planning, I involved my team, with who I shared the same interests...
Business-to-business marketing has significantly gained ground over consumer marketing over the years, especially with the rise of start-up enterprises due to the ease of entry into consumer markets. However, most marketing agencies fail to reach their goals because they adopt strategies not aligned with organizational market needs. Consumer buying behaviors...
Introduction Nowadays, it is challenging to name a more essential and multifaceted sphere of activity than management, on which both the efficiency of production and the quality of services to the population largely depend. Society is undertaking an extremely difficult, essentially contradictory, historically inevitable, and irreversible restructuring. It is transitioning...
The staffing process is known as the hiring, screening, and selection of employees for open positions within a company or organization (Martocchio, 2018). In essence, staffing’s goal is to assist job seekers in finding employment while also helping employers identify quality candidates for unfilled positions. The EEOC’s mandate is to...
The main contrast between cash accounting and accrual accounting is timing. Cash accounting records income and expenses as earned, and accrual accounting allows to see the current state of a company’s finances by being more perspicacious. Accrual accounting allows income and expenses to be registered when they occur, not when...
Introduction Trusty Carpets company is an entity that sells and advertises carpets. Their business model has recently faced significant issues that must be resolved by introducing change. The primary purpose of this paper is to identify potential pathways to change and improvement. Considering the condition of Trusty Carpets company is...
Introduction The paper reviews the methods of information gain and entropy used by banking companies and critically analyzes some alternatives that are possible to use. Discussion The most common method in economics is called information acquisition, and it is based on a measure of purity called entropy (Provost and Fawcett,...
Background To begin with, the Swatch Group manufactures and distributes watches. They are the largest manufacturer in the world and have 156 production facilities around the globe (Deshpande et al., 2012). They did not limit themselves to producing and assembling watches for brand retailer companies. The company also provides different...
One of the essential factors in an organization’s success is its culture which are the values, beliefs, and visions that unite an organization. An organization is made up of people of various ideas, so when it comes to providing solutions to a significant problem in the company, there are bound...
The analysis of the last quarter’s performance outcomes showed that the company failed to achieve its planned sales level despite long negotiations between the representatives of the marketing and sales departments and with partners. Many hours spent on meetings and negotiations did not produce planned results and cost the company...
Management skills are essential components of any group to accomplish organizational goals. The issue of SNHU Pet Supply Company affects team members and decreases the overall motivation and collective spirit. Managers send out detailed lists of tasks weekly, making employees stressed, as team members should explain any task deviations. Some...
Introduction Diageo plc is a worldwide corporation specializing in producing and distributing alcoholic beverages, with its headquarters located in London, England. This firm has been operating in areas where water is limited for the whole population, and its brewing, distilling, and other non-product activities need water as a crucial input...
Introduction The energy sector as a whole is gradually moving towards a distributed model. Consumers independently build local energy sources for their own needs and direct excess electricity to the general network. According to some estimates, by 2025, 20% of all electricity will be supplied to the global network from...
Introduction Entropy and information gain are essential parameters in big data analytics, and it is possible to implement these metrics in tree-structured models to optimize the frameworks. Decision Tree Overview The general concept of decision trees concerns information representation, classification, and regression in an illustrative format. There are different types...
Introduction Every business holder, at some point, faces the challenge of fostering innovation for subsequent growth. Although the innovation process is different in various industries, the academic community suggests some strategies that are considered generally useful. Discussion Brimhall and Mor Barak assume that a climate for the inclusion of employees...
A correctional agency refers to a person employed by the Natural Resources department in a correctional facility or any country, county, or municipality with the ability to control the release of an inmate serving a term of incarceration. It also consists of the Department of Social and Health Services, the...
The product is cloud computing and storage for enterprises supporting remote workers, which is offered by Lock. Safe storage and the privacy of personal servers have grown more crucial as more companies support remote workers and remote workforces. Target customers of these products are firms that use cloud computing solutions...
To determine the maximum car payment, the following formula should be used: Monthly car payment = Monthly income * 10%, Thus, the payment should be: Monthly car payment = $3000 * 10% = $300. $300 * 12 months * 4 years = $14,400. Therefore, I would need to look for...
Identifying, addressing, and preventing risks observed in the global economic setting from occurring represents one of the main tasks of an organization. Being one of the globally renowned brands, Boeing has been quite successful in its approach to managing risks, mostly due to the incorporation of the contingency framework. However,...
Netflix uses various management systems that have ensured its success. The organization only recruits the most exceptionally skilled individuals who can function independently (Tech Space). The expense of overseeing the team is decreased since the team members keep each other responsible. The organization stresses the importance of results above hours...
I believe a good leader can make me feel secure, even if I have to put my own needs to those of the company. Leaders should be more than simply authoritarian personalities who can rally their followers to work together (Sinek 2014). Leaders need to be selfless providers who prioritize...
Organizational culture is often interpreted as the philosophy and ideology of management accepted by the majority of members of the organization. According to Saha and Kumar (2018), organizational culture is “One of the factors that can influence organizational commitment-job satisfaction relationship.” Subjective organizational culture serves as the basis for the...
Introduction Integrated marketing communications (IMC) is the strategy that takes your marketing department from disparate functions to one interconnected approach. IMC takes various marketing collateral and channels — from digital to social media, to PR, to direct mail — and merges them with one dependable message. Accenture is a global...
Ancillo, A., Núñez, M., & Gavrila, S. (2020). Workplace change within the COVID-19 context: A grounded theory approach. Economic Research, 1(2), 1-20. Web. The researchers’ main purpose is to explore the changes in the workplace that have been caused by the Covid-19 pandemic. They hope to observe how companies have...
Staffing Policy to be Incorporated An ethnocentric approach allows for the integration of uniform practices for members of the same institution across different countries. Using the ethnocentric approach, 360 Express Collision company will select workers different from the domestic country to the headquarters and vice versa. Reasons for Choosing the...
Tru Royalty Travel (TRT) is an end-to-end booking service provider with an optimistic financial outlook. TRT’s key partners include managerial employees at different hierarchical levels, individual/corporate investors, and communications specialists. TRT seeks to perform diverse activities, including engaging in communication with clients, supporting information exchange between diverse departments, and promoting...
Introduction Understanding leadership has become a challenging and elusive task, owing to the nature of leadership itself. According to Daft (2017), leadership studies are a growing discipline, and the notion of leadership will continue to evolve. Leadership can be described as an influence connection between leaders and followers who want...
Introduction Systems thinking in company management can significantly affect the organization’s success. This approach is of great value in developing a company’s strategy. First of all, it allows to conduct a comprehensive assessment of the current affairs and prospects of the organization and to take measures to improve the situation....
Background All companies set themselves short-term and long-term goals that largely determine their success and competitiveness. The long-term goal of this company is to organize profitable growth. This will enable Caterpillar to invest in its own products and strengthen its position in the global competition. Moreover, the long-term goal is...
The External Environment The external environment is outside the enterprise and affects internal performance. Even if the changes are insignificant, managers still need to consider them because the organization depends on the outside world for media, technology, politics, and numerous other factors (Figure 1). Companies must adapt to the environment...
In the modern advertising age, there are numerous ways for a company to appear in any advertising media. One of the most sought-after services is placing a brand in audio-visual content. This is defined as product placement, where the product appears straight within the shot of the movie or episode....
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...
In healthcare settings, there are risks involved which require immediate mitigation. Thus, there is a set of frameworks of action that should be taken to manage the risk. Five basic steps are considered in this situation and are executed in a specific sequence, thus a process. They include identification of...
Operations management is a practice that implies the control of the production of goods or services. Namely, researchers define the concept as the field correlating with organizational planning, quality control, inventory management, scheduling, and managing purchases (Wolniak, 2020). A potential critique can be exemplified as the complexity of the field,...
Philosophical Assumptions Contingency leadership theory proceeds from the fact that when choosing a management style, preference should be given to the style that most takes into account the peculiarities of the situation that has arisen. Philosophical assumptions of this theory are built around the fact that the complete absence of...
The second chapter “Understanding culture: Through the looking glass” presents a comprehensive discussion on the topic of cultural knowledge and its role in management. The author calls for understanding the fact that cultures are not losing their relevance in communications but instead demands a heightened awareness of their existence (Lane...
Business ethics presupposes that companies and organizations should promote equality and integrity of employees and other stakeholders. However, So Cal’s water agency has not adhered to this provision and has gone ahead to put fewer efforts into promoting employees’ rights and integrity. The agency has reported several racial discrimination, sexual...
The job of running a company is in itself a challenging task. Therefore, one person should not be allowed to regulate all requests and be responsible for every development aspect. For that, there are specialists who rely on their experience and the application of specific strategies to run the business...
International leadership is more difficult today compared to a decade ago. Most managers operate beyond national borders with technological advancements, finance, legal institutions, business practices, air travel, and communication. A successful managerial career in any industry today necessitates competent international navigation (Lane and Maznevski). As a result, the worldwide environment...
Introduction China is one of the most developed countries with a rapidly improving economy. Apart from rapid technological evolution, China is a beautiful place to visit. Many people strive to come to China and learn better about local traditions and customs. Moreover, Chinese culture attracts people worldwide, and studying cultural...
Introduction The healthcare industry is undergoing radical transformations, with rising costs, concerns about the quality of service, and growth in the prevalence of chronic diseases in modern society. To address the healthcare industry’s emphasized difficulties, utilization review is the process used to fit the patient’s clinical picture as well as...
Caterpillar Inc., like other successful companies, resorts to making short and long-term goals to assure the necessary progress in its operations. The short-term mission of the company is expressed by dividing it into individual goals in areas such as operations and product management. The long-term goal of Caterpillar Inc. is...
First Situation A director of marketing in a global corporation wants to reallocate budgeted funds to allow exploration of three potential emerging markets. This will require a reduction in the funds allocated to marketing efforts of new and existing products. As the CEO of this company, would you support this...
Introduction Setting policies, processes, and priorities in order to increase a business’s or organization’s competitiveness is the practice of strategic management. Strategic management often focuses on efficiently allocating personnel and assets to accomplish these objectives. Strategic management in the realm of administration includes the development and execution of the main...
Introduction Some people believe that the company’s marketing is the sole responsibility of the marketing department. However, depending on the organization and industry, various branches and units within the company can partake in this activity. It is a complex and integrated approach, but it might be highly effective in expanding...
Inclusion and diversity remain essential topics in workplaces and offices worldwide. Every company needs to stay aware of these problems to develop effectively because employees are the engines of every structure. Every worker deserves a respectful and equal attitude and care during their working time and outside their workplace. Different...
Introduction Java Corp is looking for new employees for leadership positions due to a sharp increase in staff, which requires the help of a professional recruiter. The main challenges for the company include hiring a large number of new employees and the need to maintain operating principles. After the recruitment...
Planning for any corporate event, regardless of its form or purpose, must be accomplished through a risk assessment. Risk assessment and management are vital steps in strategic planning to minimize unintended consequences of actions taken (ASSP, 2021). For this reason, even an event such as a corporate fishing party to...
Introduction Business expansion is a goal that all organizations strive to achieve as they work their way through sustainability and longevity. However, expanding into international markets is more complicated than regional growth because it involves managing the activities of several players, addressing the needs of a diverse pool of shareholders,...
An HR specialist is a person who monitors the emotional and working state of the company’s employees, collects feedback on how comfortable they are working now, and helps solve current problems in relationships within the team. For an HR specialist, it is important how comfortable each of the employees is...
It is important to note that marketing is a field that is constantly evolving due to the heavy integration of technology as a primary tool and instrument. The article on avatar marketing aims to provide a well-constructed definition of the concept with its core characteristics. The authors develop avatar typology,...
Introduction Building credibility is crucial for businesses since it directly affects customer relationships and profitability. Hence, companies should continually improve their ethos – a unique notion of character that defines the group’s trustworthiness. Throughout the years, Activision Blizzard has been the golden standard of the video game industry in the...
