10895 samples of this type
Introduction Multinational establishments are characterized by the presence of a controlling stake not in one country but in different ones. In Canada, multinational companies account for approximately one percent of all enterprises (TMF Group, 2017). Canadian corporations are actively hiring employees whom they search for outside the country (May, 2017)....
This article “Relationship between Logistical Support Factors and Effective Contract Management in Royal Malaysian Navy” by Diekola Akanmu is written to understand how to effectively manage contracts in conjunction with financial, managerial, and technological support to ensure proper logistics in Malaysia. According to the article, logistics and supply chain management...
Immigrant professionals from different ethnic backgrounds adjust in New Zealand in differing ways. Despite cross-cultural similarities, differences also require attention as they affect the perceived degree of adaptation. The analysis reveals differences in the adaptation process, which leads to changes in their understanding, perception, and attitude towards their work. This...
This post is aimed at analyzing the advantages and disadvantages of ways of financial profit for non-profit organizations. The author rightly notes the lack of a philanthropic donation for the giver of money, due to the fact that one cannot find out exactly what needs the money is spent on....
Businesses new streamline their operations and adjust processes in order to be successful. A business process refers to a standardized set of activities targeted at accomplishing a certain task, such as accepting a customer’s order. Business processes play a major role in organizations by forming the foundation for the creation...
When planning for the strategy, a pediatric clinic should create objectives and set goals on where the clinic wants to be in the coming future. In terms of internal factors, technology is a key aspect that must be determined to ensure success in the pediatric clinic set to be opened...
Project Overview This project is an e-commerce startup going by the name Health Tactical that looks to sell groceries and common goods with a special focus on health aspects. The platform will sell products targeted at health and wellbeing-conscious individuals. The website will provide a convenient online store where enthusiasts...
To identify the efficiency and quality of a business, management usually prioritizes either helping people or generating revenue. It is incorrect to evaluate the results by only one criterion since this will not allow the evaluation of the place of business objectively. Financial indicators will only talk about the revenue...
Given the nature of the business, Sprout&Co plans to adopt a licensing and franchising entry strategy into the international market since it offers numerous benefits over other market entry approaches. Franchising is a global market entry option referring to a licensing agreement between two parties, the franchisor, and the franchisee,...
The Recommended Boarding Scenario The boarding method designed by Southwest using three groups is quite effective but can be confusing for first-time travelers. Therefore, there is no need to embrace a new approach, and an educational video explaining the process should be offered to passengers instead. Essentially, the company needs...
Understanding the extent of competition in the target market, as well as evaluating a company’s ability to withstand the observed rivalry rates, are crucial steps in securing a company’s position in the chosen business environment. Dun & Bradstreet offers an innovative digital tool for evaluating the competitiveness of an organization....
Introduction Wisdom and social recognition impact one’s behaviors and approaches and contribute to effective leadership. Both concepts are complex, and there is no universal way to define them. Wisdom can be viewed as a mature understanding of life and the ability to utilize experience and knowledge to make the right...
Introduction Small and mid-size firms (SMEs) have sales, assets, or a particular percentage of workers below a predetermined range. Each country defines a small and medium-sized (SME) firm differently. Specific size criteria must be satisfied, and the business sector is also frequently considered. The European Union (EU) defines a small...
After completing the assessment questionnaire, the result shows that my preferred working style is analytical. The outcome did not astonish me at all since the presented attribute in the evaluation aligns with my observed style of working. I believe that my analytical working style helps me and the team to...
Brief Introduction SONY is a Japanese global conglomerate firm headquartered in Konan, Minato, Tokyo, Japan. It is a prominent technology firm that is one of the world’s largest makers of retail and industrial electronic devices and the globe’s biggest retail manufacturer and developer (Encyclopedia Britannica. 2022, para. 1). SONY is...
Introducing a new cuisine to a foreign land is challenging. In my business model, I plan to introduce ceviche to the Chinese. This dish is less prevalent in the region as many people eat cooked and less sour fish. However, some Chinese have adopted eating raw fish in sushi through...
The Internet is the most massive and prompt source of information, so today, it is difficult to find any area of human activity that would not be represented there. A social network is a social structure that consists of nodes (individuals, groups of people, or communities) interconnected by one or...
Apple is considered the company with one of the leanest supply chain management in the world (Ross, 2020). Such success is explained by several factors, including strong relationships with suppliers, strategic inventory management, and a focus on sustainability. As for the former, it is mentioned that Apple has strict standards...
Executive Summary The proposed business is named YA.SI.GA.MO.MA.GE, a name that shows the strong bonds between family members. Following the passion for decoration, the company will be established to offer interior decoration services. Although the sole proprietor has the knowledge and motivation required to start off, they need capital, which...
Management hires suitable people with the requisite skills, training, and qualifications for diverse positions, allowing the organization to prosper in an ever-changing environment. When the market changes, the initial leadership must be modified by managers. As an outcome, the company can react to changing market needs and societal concerns. Leadership...
It is possible to predict that the factor wages will remain the same throughout the strike and negotiations compared to earlier in the year. Several factors can be provided to justify this statement. First, the wages are not the major point discussed as the company’s pension and the possible shift...
Acker builds his theory on the aspect of gender roles in the workforce. The theory was developed in 1990 when males dominated the labor market (Acker 144). It suggests that the organizational structure was not as neutral as it seemed. The organizations were male-dominated, and men fully occupy the most...
History of Cisco Cisco Systems was founded by Leonard Black and Sandy Lerner in 1984 and is currently a major American technology company. Its main achievement is that the founders of the company are pioneers in creating a local area network (LAN) system. It is used to communicate between different...
Systems thinking is a management approach that focuses on the interrelation of systems and how they operate within the context of larger systems. An excellent example of a system is an organization, as it serves a specific purpose and contains various subsystems such as units. Additionally, as a system, an...
Introduction Nowadays, it is virtually impossible to accurately predict human casualties and economic damage associated with the COVID-19 pandemic. However, it is advisable to consider the individual results of marketing strategies, which will provide a more realistic vision of the possible course of economic processes and assist enterprises in their...
Summary The current arrangement made by RBC and GF mainly focuses on a current delivery contract that encompasses a fixated average delivery price despite the quality and quantity. Accordingly, the agreement was a sufficient incentive for Gordon to continue trading with GF. However, the set price was an undermining factor...
ExxonMobil’s products can be considered highly valuable due to the increased diversity thereof, as well as the increased profitability of the organization. Its current reputation, highly effective PR approach, and the use of valuable resources for its products make ExxonMobil a highly lucrative organization, which, in turn, defines the value...
Following the popularization of higher education (HE) and the resulting expansion of the consumption of tertiary-educated workforce, there is a widespread problem in the national discussion that the stockpile of degree holders surpasses the demand for graduate employment. Therefore, this has resulted in adverse outcomes and effects on the skill...
Introduction Reverse logistics is required after the customer receives the product for operations such as exchange and reuse. Prajapati et al. (2019) argue that this system is involved in rescuing used products and recovering a percentage of their original value in terms of activity. Reverse logistics has become profitable because...
Nature of Leadership The first two definitions concern the broad nature of leadership. The first one is that all groups have role specialization, and someone has the primary responsibility for the specialized leadership role while others are to follow (Yukl & Gardner, 2020). This notion is valuable since Yukl and...
Introduction The idea of the New Belgium Brewing Company (NBB) was founded by Jeff Lebesch an electrical engineer. Since then the business has been experiencing some issues when performing its daily duties. These matters include environmental problems, social responsibility, and the B Corp Certification. These concerns have contributed to the...
Introduction International expansion is undoubtedly an essential event for any business that opens up new opportunities. The company’s revenue is expected to increase due to the running of new markets significantly. Besides, it is an opportunity to expand one’s services or products depending on new market requirements. However, it poses...
Workers’ freedom to organize and bargain with their employers is largely regarded as a basic human right across the world. The post-World War II social compact, in which the advantages of economic prosperity were widely shared, was shaped in large part by trade unions (Nussbaum, 2020). Collective bargaining agreements establish...
A number of factors, many of which interconnect, regulate consumer behaviors and change how people act. As a term, consumer behavior refers to the combination of actions, decisions, views a person holds when buying, using or disposing of products (Panaitescu). Depending on how products are presented, packaged, advertised or showcased,...
A firm’s owners and shareholders often have contradictory interests; while they both want the company to develop and grow, they see this process differently. Owners are interested in realizing their ideas and visions in the firm, stimulating its active growth. Shareholders, on the contrary, want a stable income from the...
Project Description and Significance In the current competitive business environment, firms are under pressure to ensure that they maintain a team of highly skilled and experienced employees who can use emerging technologies to continuously improve their performance. Brewer and Dittman (2018) explain that recruiting talented employees is the first step...
The culture of working together as team members has a significant impact on the overall performance of an entity. Companies that encourage teamwork experience a positive work environment because employees have adequate time to interact with each other, making them comfortable performing their duties and learning other useful skills from...
The constantly progressing world of economics and its subfields, respectively, require novel ideas and techniques to be acquired by future professionals. At the same time, extensive experience is mandatory for the new strategies to be developed efficiently. In that way, the interaction of accounting students and experienced professionals is an...
Introduction Their name implies that non-profit businesses do not focus on revenues. However, they still need sufficient financial resources to ensure that they can operate and meet their goals. Currently, non-profits have three sources of revenue, including philanthropy, earned income, and government. It is challenging to mention which of them...
The new business venture for evaluation is the online coffee shop named Fair Trade Joe with the domain fairtradejoe.com. The client base that will be targeted includes connoisseurs and regular coffee drinkers who find it important for their coffee to be ethically sourced. For many consumers, coffee represents a crucial...
Advertising construction services on the Internet aims to attract customers for contracts, direct sales, and promote the brand and business. The best advertising of construction services is a demonstration of completed objects on the company’s website. Given the high competition in construction and repair, advertising should be aimed at the...
Mergers and acquisitions present a vital source of development for companies in global distribution strategy. Caterpillar Inc. specializes in developing, manufacturing, and marketing construction and mining machinery and engines, and other construction equipment. According to the company’s website, Caterpillar’s long-term goal is profitable growth, which prioritizes investments in product and...
Introduction The states, political parties, non-governmental organizations, private companies, and informal groups – all need leaders. Good, or bad, these people take the responsibility for the greater good of their group. Some leaders perceive their groups as supporters, others – as fans, followers, slaves, or other types of mean people....
Introduction Leadership and management theories have helped form and shape the way organizations are governed. However, these theories are different and can be applied to achieve different organizational purposes. For example, transformational leadership is one of the classic theories where leaders motivate their followers by increasing self-efficacy (Yukl & Gardner,...
The previous post emphasizes the importance of integrating organizational changes with the needs or input of the employees. As Belkis outlines, under-negotiated or poorly consulted changes can cause serious adverse effects. This caused a serious increase in workload for employees and therefore decreased their well-being, energy levels, and work satisfaction...
Michael Pope is the director of the sales department in an airline that was launched three years ago. He has been tasked to lead the company’s marketing team in meeting the defined targets, converting prospective customers quickly, and keeping the approval rankings high. Michael has been instrumental in facilitating robust...
Human resource management (HRM) is a crucial part of any business venture. It can be viewed as a process and activities relating to staffing, training and development of employees, performance evaluation, and compensation (476). Each of these areas of HRM is key to the efficient functioning of global business. Specifically,...
Introduction Being an RN at an NYS OMH inpatient psychiatric facility, I have learned a lot about the existing HR practices and can identify some of their benefits. Once the applicant is hired, they have several background checks (including blood tests, fingerprints, and others). This rigid control ensures that the...
Servant leadership is a type of leadership in which the leader prioritizes the needs of the followers first. For instance, the leader constantly checks up on the followers or guides them on gaining the skills they need, even if they may move on. The followers should feel that the leader...
I do not think there are too many retail stores in the New Jersey area or the United States. The development of modern society aims to instantly satisfy the individual, which also includes easy access to affordable products they want. Moreover, innovation and creativity develop and are introduced into society...
Almost every successful organization allows its employees to work in groups as collaborations may increase the performance of different projects. According to Driskell et al. (2018), it is a cooperative group of people where every participant strives to achieve the same goal. When all members can create a positive atmosphere...
Since almost everyone is now accessing the Internet, employers are utilizing potential candidates’ online presence to determine suitability for employment. Oliu, Brusaw, and Alred (2021) are advising job seekers and current employees on the best strategies to manage their online presence. Recruiters constantly scrutinize any content posted by or about...
The article analyzes the ways of operational management in large organizations, whose deliveries must be regular worldwide. Thus, using the example of Zara and Kohl stores, the author analyzes the most effective strategies that allowed companies to realize themselves as profitably as possible for production. The managers of Zara attempted...
Risk management is a system that includes management strategies and tactics to achieve key business goals. The purpose of risk management in the field of economics is to increase the competitiveness of economic entities by protecting against the implementation of net risks (Segal, 2022). Risk management in an ideal organization...
Today, many public and private organizations demonstrate a high level of management and leadership, and Amazon is one of the best examples in the business field. Its founder, Jeff Bezos, has already proved himself an effective and mature leader who could achieve multiple goals and properly motivate many people with...
Presently, a majority of corporate governance is faced with insufficient Environmental, Social, and Governance (ESG) Oversight and Disclosures. Consequently, there is an urgent need to promote the right culture that will promote the above agenda in the institutions’ core business. Ideally, there are several ways of achieving the vision in...
Introduction A charismatic leader can influence people through their ability to communicate, persuasion, and charm. Every captivating leader is unique in their appearance and in the manner in which they operate. This makes it possible for such leaders to influence their subordinate to embrace a particular desirable pattern of operation....
Introduction Hiring a specialist is a typical process in the life of a growing company. The more the firm itself expands – the more challenging the tasks become. For this reason, genuinely professional specialists are promoted because they have experience in any company and a general understanding of their business....
Introduction The issue of minimum wage in our country has always been very acute. And now, many politicians say that soon, wages will become even lower, which means that the minimum wage rate may also fall. While some people have the opportunity to regularly fly abroad, buy real estate and...
Summary It could be seen from the conversation that Tyler demonstrates some good leadership skills. When speaking to Gus, Tyler makes it apparent that he has to communicate with Gus about his interactions with the other employees at the organization. Gus’s job behavior appears to be inappropriate and intrusive to...
Several decades ago, the career of people talents analytics was unknown. While numerous organizations focused on their overall teams and productivity and efficiency levels, little attention was paid to individual employees and their strengths and weaknesses. Nowadays, people talent analytics is mainly applied by Human Resource departments since it provides...
All companies have their own level of labor productivity. Changing this level over time shows performance dynamics. Under the influence of various factors, the dynamics can change in a positive or negative direction. However, there is no doubt that the development of production occurs with an increase in productivity (Martini...
Positive leadership conduct drives teams to be more productive and helps them achieve their objectives. It also aids in the retention of top talent within departments where team members cherish collaborative opportunities. Admiral McRaven’s speech during the Austin 2014 Commencement Address for the University of Texas points out several behaviors...
Summary and Business Activities The ship had to start its work during economic decline when the United States dealt with the consequences of the 2008 financial crisis. Managers were aware of certain risks but initially received good feedback from customers. The clients were mainly US citizens, although the company wanted...
Market Description Over the years, the WDTC and organizations in the media and entertainment industry have integrated AR technology into their systems, allowing their customers to enhance their experience using 3D realistic viewing. Therefore, our proposed product innovation is dynamic and competitive as it will rival some of the best...
This paper responds to the questions regarding online firms such as Amazon and brick-and-mortar retail stores. The paper looks at the specific advantages of Amazon over brick-and-mortar retail stores. The answers include brick and mortar retail stores’ responses to the online shopping competitors. The possibility of an “even playing field”...
Introduction This report describes a new virtual reality headset that will bring an innovative experience to the customers. Instead of projecting the picture to one’s eye, it will project the image directly to the brain creating a dream-like experience. The value proposition of the concept includes four key characteristics. First,...
Contemporary Management Theories The first stage in the development of management began in the early twentieth century and is associated with the teachings of Taylor after the publication of his book the Principles of Scientific Management, in which he first considered the scientific approaches and principles of building a management...
Example Suggestions for improvement The manager of an IT company gives a negative performance review to one of the employees. He focuses on the person while giving feedback on his poor execution of the given task. The manager is confrontational and uses character-related and judgmental vocabulary such as “you are...
Employee productivity is one of the essential elements that determine the success of a business. Most organizations tend to initiate the best practices to ensure that employees perform highly. Workers’ productivity depends on various factors, including their association with their managers. As indicated in James’s case, having a good connection...
Introduction GlaxoSmithKline LLC (GSK), a London-based multinational pharmaceutical company, was involved in a whistleblower case in 2011. The two whistleblowers, Thomas Gerahty and Matthew Burke, who formerly worked for the company, provided the United States government with valuable information about various corrupt malpractices of GSK. According to these witnesses, GSK...
Most people could argue in support of the old saying that no one knows what the future holds. However, David Snyder has spent his entire profession trying to prove and discover that the prediction concerning the future can be calculated despite the predicament. Snyder, a futurist, based in Bethesda, reports...
Introduction A compensation strategy can be defined as the organization’s approach towards compensating its workers in terms of pay and benefits. A strong compensation strategy is vital for any organization within any economic sector. It is key in retaining and attracting people with appropriate skills, talents, and competencies to ensure...
Introduction Tesla motor is a firm that deals with advancing, manufacturing, and selling the technology of definitive electric automotive and power train components. The company was founded in Silicon Valley in 2003 by Martin Eberhard and Marc Tarpenning to create electric cars. It was the first firm to commercially produce...
Competition in the CSD market is fierce between the two Cola giants. The carbonated beverage market is an oligopoly, with only two key players on the standard board. Both companies pursue their policies through vertical product integration, non-price competition and distributions. Product pricing is also influenced by the geography of...
Executive Summary This report explains the role of management in forming a strong team in terms of its evolution and current state. As the contemporary models of leadership suggest, successful teams operate in a spirit of unity and shared vision instead of imperative assignments from the management. One of the...
Growth financing is an important topic of consideration for managers since in order to continue the development of a business, one has to find the resources that will support this growth, which is a dilemma that EduSoft has faced. Evidently, to obtain money for the growth of a firm, the...
As part of this critical essay, it is required to propose a plan of action in the context of a brewing litigation conflict between the two companies. Sterling Co., which suffered heavy losses due to an error in the production of a component company, must decide whether to take the...
The measures used by companies for metrics vary depending on the environment and its requirements, and their effectiveness is determined by these factors. In my current workplace, the preferred approach to the task is interval since the grades of students are the main criteria that draw the attention of the...
Among the many strategies for digital marketing, search engine optimization (SEO) appears to be consistently superior to others. First of all, it is not as costly as most other methods (Khorev, 2020). Secondly, it is not as intrusive as e-mail marketing and not as irritating as ads, especially pop-up ones...
As my desired career field is Human Resources (HR) management, I am highly interested in becoming a director of human resources. This position entails planning, developing, and implementing HR initiatives in a given company, promoting the achievement of personal and team goals by the employees (Career Builder, n.d.). HR directors...
A person comprehends the outside world through receptors that transmit signals to the brain, which form reactions, including a purchase decision. In most cases, impulses from nerve endings are processed in the head at a subconscious level. The traditional marketing strategy does not work in situations where the person himself...
Introduction Risk is defined as the probability that the actual outcome will vary from an anticipated outcome or returns. Some or all of the initial investment might be lost due to the risk of losing money. Organizations set up procedures for analyzing the risks related to the nature of their...
The consumer decision-making process can be broken down into five stages. For organizations selling high-engagement products, these processes are more pronounced (Chaffey and Smith, 2017). The first stage involves recognizing the need for a purchase, and it is entirely based on the buyer’s wishes. For example, constant image advertisements for...
Advanced advertising is impressively more affordable than other promoting strategies. Any progressive brand that needs to excel in the current business environment should embrace digital marketing investment strategies as a feature of their general procedure (Chen et al., 2017). On the off chance that the item is viewed as a...
Abstract Teamwork is a dynamic and complex process that enables the exchange of diverse opinions and perspectives. This study focuses on exploring the issue of team performance in connection to leadership approaches, team dynamics, and motivation, as well as diversity. It was found that the most productive and effective teams...
Organizational planning is an essentially significant process for every company. It consists of several steps, including the definition of the firm’s reason for existing, setting purposes and objectives that will allow the company to reach its full potential, and then creating tasks to reach those purposes (Allison & Kaye, 2015)....
A manager-employee feedback system is an invaluable tool in enhancing the performance of a company. In most scenarios, a feedback gap exists between the manager and workers, especially when the former is high up in the hierarchy. Nevertheless, several managerial strategies can be implemented to close this gap. Creating a...
Corporate governance, design, and government regulations are important aspects of a company. Organizations that adhere to industry regulations and with good corporate governance culture always succeed. In contrast, a poorly designed company with lax government regulations can fail. Government regulations ensure that firms align their operations with community and shareholders’...
Introduction The business context of focus for this discussion is SpaceX’s strengths and weaknesses. According to Pandya (2017), the United States is SpaceX’s primary customer with 23 launches. The company has launched various spaceships in its different missions, including geostationary transfer orbits, communications and weather satellites, human remains ships, and...
An organization’s outputs and outcomes and the expenses and effectiveness of achieving those goals are included in performance information. Since past results contain inefficiencies, budgeted performance is a better indicator of actual results than is past performance, which may be recognized and addressed in budgeting. Furthermore, future situations may be...
The role of decision-makers during a crisis cannot be ignored because they give strategic direction. They work to ensure that the crisis is managed effectively when it occurs (Okoli & Watt, 2018). For example, a crisis manager assigns roles to various stakeholders after assessing the crisis. They also determine how...
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...
In today’s conditions of market globalization and a highly competitive environment, businesses are forced to adapt their operating models to withstand competitive pressure and operate sustainably to address the interests of as many consumers as possible. Successful companies that have implemented their international plans enter the global market and become...
Modern methods of construction (MMC) is a competitive area of research that defines contemporary standards and techniques in the construction industry. Some of the relevant factors that obstruct the industry in the UK and the analyzed company (Caledonian Modular Limited) are digitalization, thorough observation of the trends, and application of...
Introduction Most organizations establish learning cultures to capitalize on the departing employees to pass knowledge on to the current workforce. A learning culture helps organizations build a workforce with the correct knowledge and expertise, thus enabling seamless successive planning. Organizations always establish outstanding cultures that allow knowledge to be shared...
The pace of development in the technology industry is high, which defines the need for up-to-date information regarding threats for executives to make informed strategic decisions. In particular, economic risks for organizations engaged in global trade are essential to consider. Generally speaking, this category of threat refers to risks associated...
Management and leadership are frequently thought to be terms that are essentially interchangeable. A manager is described as someone who assumes charge and is responsible for directing, administering, and seeing that events happen and operate as they should (Leroy et al., 2018). On the other hand, a leader may be...
Creon’s portrayal of Athenian power and leadership tells us that for anyone elected to be a leader, his mind, his soul, and his will are aligned with the throne’s purpose. In other words, what the leader intends for his country and the people must be reflected in the skills he...
Strategic Role of HR in the Organization The human resource department plays a very crucial role in the management of an organization’s workforce. HR recruits the right candidates, trains them, motivates them, and administers performance appraisals to them. These functions are not easy as they require strategic approaches. Human resource...
Managing nonprofit organizations means engaging with internal and external stakeholders. Cooperation with investors and partner organizations determines the need for strategic planning to meet their interests. On the other hand, the target audience and paid staff need a well-coordinated in-house optimization mechanism to create a corporate culture. Thus, Impact Group...
Society perceives business as a limitless field for making money and gaining social coverage. It is partly rational, but some enterprises are created to solve more global problems without a financial background. Impact Group is a nonprofit organization committed to improving students’ quality of life and providing them with educational...
Introduction Opening a restaurant business is one of the complex tasks that have several specific features. Having started opening a restaurant, owners must consider many factors and possible events that will help them start a successful business launch. Therefore, a start-up business should take into account a wide range of...
Introduction Any start-up demands a precise organization of a code of ethics that all representatives of the organization will follow. In an era of sharpened competition and a crowded market, it is essential to increase customer and employee trust and constantly enhance the quality of service. It is achievable only...
Performance management is an area of execution, which benefits may not be obvious at the project planning stage. Nevertheless, it potentially may bring rapid and high-quality project development. One of the incentives to increase productivity is competent communication skills. Before the team gets to work, a successful communication plan must...
The emergence and spread of Covid-19 in the past two years resulted in massive global disruption of economies and business and it also revealed the fragility of universal supply chains. The fragility displayed by the emergence of Covid-19 can be linked to the sudden scarcity of resources, disruption of production...
Systematic and Unsystematic Risks A company’s activity is always associated with a specific set of potential risks. The term is defined as “the potential of losing something of value,” and there are two categories of risks: systematic, which are associated with the vulnerability to various events that can negatively affect...
Every occupation has its code of ethics that expounds on the importance of professional honesty and integrity. Ethical standards are paramount because human society consists of a complex interconnected web of mutual dependence. Without a basic level of trust and personal integrity, human organization on a mass scale would be...
Finance Managing costs is one of the best ways of ensuring that a firm can charge a competitive price on its products without compromising on its profitability. At The Shetland Wool Company, the managing director has to take into consideration the conflicting interests of the sales director and the finance...
Introduction Remote work became widespread in the time of the COVID-19 outbreak and presented many prospects and challenges. Fortunately, the Internet and technologies allow working remotely almost in all job sectors. On the one hand, remote work provides more autonomy for workers and saves money without paying for the office’s...
Executive Summary Achieving a sustained market growth is a major challenge that requires understanding of various factors that affect a firm’s operation. In this business plan, the focus was on a hobby store that seeks to achieve growth beyond the current market. The report discusses how this firm should prepare...
In many cases, users find the request they are interested in on the first or second search results page. Finding a site in the top search results for queries significantly affects the amount of traffic attracted to the site (Chaffey and Smith, 2017; Kingsnorth, 2019; Moore, 2021). Therefore, many site...
Digital marketing is an essential process, and businesses should draw sufficient attention to maximize their benefits from it. However, not all organizations manage to succeed with the task, and typical errors exist. Digital marketing mistakes include spamming, focusing on traffic rather than on customers, overpromising, ignoring social trends, and overusing...
Organizational citizenship behavior defines workers’ voluntary and optional practices that encourage effectiveness. Among the different dimensions of organizational citizenship behavior, help giving has drawn a considerable magnitude of intellectual consideration since it highly predicts successful practices in an organization. Attributable to its significance, three extensive research paths have emerged in...
Introduction Emirates Airline has developed an award-winning loyalty program alongside Flydubai. The intention is to change how customers experience the world by offering them a chance to win miles when they purchase tickets and deciding how to spend them (Emirates, n.d.; ALL, n.d.; Saleh, 2021). The customers earn reward miles...
The first model that is necessary to discuss in regards to promoting the usage of highly-involved products is the on-demand approach. It implies that customers desire to receive certain commodities or services immediately and without delay (Taylor, 2018). For instance, Tesla recently cooperated with the Luxe company to deliver parking...
Establishing a successful business enterprise requires a clear plan for its operations, setup, and running personnel. The Human resource sector plays a crucial role in managing employees in recruitment, training, supervision, and payment. The base pay structure is an essential component that must be set up with proper considerations. The...
Collecting information and making an adequate decision based on overall data requires recognizing the stakeholders and holding all the necessary knowledge. Rogers (2021) states that for educational institutions, the stakeholders are usually principals, administrators, and teachers. They serve as primary sources and collectors of all the necessary information about the...
Leadership, in addition to solid character and certain characteristics, is often associated with prestige. This can be explained by the fact that not any individual can be called a leader, but only a person who possesses certain skills. Such skills, as, for example, the ability to listen or enter into...
Most large business companies have a Code of Conduct, which describes the ethical rules for their work. Such documents most often cover the legal aspects of doing business and ensure that new trends that do not yet have legal regulation cannot harm society (Abdul Rahman et al., 2020, p.1192). These...
Project cost and funding mix The World Bank Group (2018) asserts that Azura’s $876 million financing involves $190 million of equity and $686 million of debt from a consortium of local and international financiers. According to the World Bank Group (2017): The tranche of commercial banks, including Standard Chartered Bank,...
Introduction God. Many people yearn to lend our maker but lack the chance to do it. That is why Brittany’s Hope is there to offer help in touching souls around the world. The non-profit believes in integrity, honesty, fairness, love, and above all, accountability. Brittany’s Hope operates as one of...
Introduction to Problem Decision When organizations experience issues in performance, the lack of engagement, and high turnover, managers are tasked with the challenge of boosting achievement and improving organizational effectiveness. In the organization in question, Open Access Inc. (fictional name), the company decision that was made concerned the introduction of...
Efficiency is of the utmost importance in any organization, and few organizations have as much at stake in this regard as the military. Unit readiness, which refers to the unit being prepared to fulfill the missions that may be assigned to it, is the crucial aspect of efficiency. Missions assigned...
Introduction Any company has many areas of activities, such as marketing, finance, business, and supply chain management, that require consideration, support, and development for the successful operation of the business. As a worker in the hospitality industry, I understand the need to study these areas in detail to apply them...
Major online stores and service providers, such as Amazon, Tinder, and Spotify, excel at taking significant portions of their respective markets through disruptive innovations. They have shown that success in the digital market lies in delivering new experiences and adhering to a customer’s tastes (Business Disruptors, 2017). In this paper,...
Abstract In the recent past, technology has advanced greatly, and every business is looking for a way to automate its activities. However, the advancement is associated with job losses since machines replace most activities performed by humans. This paper will qualitatively assess the effects of automation on the accounting profession...
Project cost and funding mix Abbott (2018) states that Loy Yang B is a 1,000-megawatt plant with two 500-megawatt units. The state government of Victoria offered for sale a 51 percent share of Loy Yang B, a A$2.4 billion asset. Loy Yang B sale was made to Mission Energy. The...
In 2009, Domino’s Pizza’s famous pizzeria brand experienced a severe crisis. Preparing a marketing campaign for a pizzeria has become a difficult time for its leaders and employees. After many negative comments, sales and reputation fell, and the chain began to share the last places in the ranking with little-known...
Nowadays, there are many companies with a significant turnover of both employees and income. No wonder that for these companies, truancy level is an important factor that needs to be monitored and improved. Excessive absenteeism negatively affects the overall workflow and the level of profit and business efficiency. One of...
Introduction Selling is an employee’s profession that requires a customer-centric sales strategy. Sales are made through person-to-person conversation. The discussion may occur in person or over the telephone, but the core of a good result is contingent upon the seller’s ability to establish trust in customer relationships. Establishing credibility and...
The topic I have been researching this semester is business startups. This is a significant research area because startups are considered the key way to bring new technology to the contemporary market. As our world grows more virtual and an increasing amount of companies shift to providing intellectual property rather...
Literacy programs on business operation for all existing employees and strict literacy requirements for recruitment of new employees are instrumental. The education of existing employees should incorporate convenient means such as computers that ensure they learn in their spare time and practice the skills in daily business operations. The requirement...
Corporate Social Responsibility (CSR) is one of the essential concepts and practices of doing business in the modern world. Taking care of stakeholders and the environment and complying with all legal regulations and laws is a necessity for companies that want to achieve success and receive public support. However, participation...
Possible Alternatives Toms Shoes, a shoe manufacturing company, is on the verge of bankruptcy and, therefore, has been bought out by creditors to avoid disappearance. It is necessary to find out why this situation occurred and what mistakes are observed in the policy and its motions. The cause of the...
The company is a provider of publishing services on a digital platform. The main idea of the company is to create an independent magazine, which in the modern media space is called a zine. This resource is conceived as a digital media publication that can publish amateur materials in professional...
Introduction Correctly defined business activities and objectives often promote the enterprise’s growth and ensure that its overall economic standing is stable for years to come. However, the corporation’s leaders should be especially knowledgeable of the specific organizational endeavors and their benefits for the desired developments, presenting the most crucial ideas...
The in-depth analysis of the environment and staffing issues is the major objective of HR planning along with the strategic coherence of all HR systems and activities to organizational goals. Bennett and Brush (2018) support this statement through their article that addresses Corning’s HR Strategic Planning Process. The authors examine...
Purpose This business plan was written to assess the viability of the intended Fruit business exportation of fruits to Mexico. The project considers the cultural, economic, and political aspects of the receiving country to determine the conditions required for successfully introducing the product in the Mexican market. The cultural components...
Introduction Currently, the promotion of companies through social networks has become a reasonably effective tool for attracting customers and increasing profits. Various methods of increasing demand for goods and strengthening customer confidence in goods and services advertised on social networks have been actively developed. One of these methods was personalization,...
Synopsis Tech Data Group is one of the companies involved in this audit. This company is a subdivision of Tech Data Corporation, and it prides itself in providing technology products and services at wholesale prices. As such, the company works with over 9,000 employees. Tech Data Corp is located in...
The selected incident is the 2008 Louisiana Chemical Spill, which occurred due to two rail cars collision. The cars were carrying hazardous chemical compounds, which were ethylene oxide and hydrochloric acid, and since the combination of these two can be highly dangerous and possibly cause an explosion, an immediate evacuation...
Market Penetration Market penetration is a technique in which a corporation uses current products to increase its market share in an established market. It is the process of a corporation selling more of its existing items to existing markets. Teva’s key strategy is market penetration because it spends a lot...
First of all, I would like to thank you for giving me the opportunity to participate in the Latin Scholarship competition. I graduated with a bachelor degree in Business from a Brazilian university, which allows me to be quite competent in the field of entrepreneurship. In addition, I have my...
Ultrasonic humidifiers create cold steam consisting of the smallest particles of water. The water is vaporized with the help of a special membrane that oscillates at high frequencies. The new Proserve Corp. humidifier not only reduces dry air but also serves as an air freshener and comes in a variety...
In Mintzberg and Waters’ terms, there are several features of CSR strategy that are planned. Mintzberg and Waters (1985) note that here “leaders at the center of authority formulate their intentions as precisely as possible and then strive for their implementation” (p. 3). This strategy is guided by four priority...
Negotiations are an integral part of work processes, and they can take place in various settings – from personal meetings between employers and company employees to negotiations between states. Experienced negotiators understand the importance of communication and use multiple techniques to improve it. Other influential aspects of the negotiations are...
The Code of Ethics combines the most important values, principles, standards of behavior, and ethical norms that form the corporate image on a global level. In order for the successful international development of a corporation, I would suggest the following three provisions prior to the code of ethics. Employees of...
It is evident that the COVID-19 unexpected challenges make most major companies change their strategies and adapt to the new circumstances and the needs of their customers. It is possible to say that all organizations were in relatively equal positions, but thanks to the outstanding skills of their managers, some...
Summary ReDefine is a company that seeks to provide unique tourist experiences in well-known and not-very-familiar destinations around the world. It is based on the idea that travel can bring more happiness, satisfaction, and joy than it usually does. To achieve that, the firm offers several unique services for its...
