11234 samples of this type
Crisis management planning is an organized way of mulling over the misfortunes that may affect an organization or individuals. In crisis management, flexibility is highly essential as opposed to a step-by-step process to accommodate possible dynamics. Flexibility helps in the diagnosis and addressing of specific issues. Although a crisis is,...
Introduction Leading change is one of the most fundamental aspects of leadership. The process of making changes in an organization is perhaps the main responsibility of leaders since it leads to the accomplishment of the goals and objectives of an organization. According to Spiro (2011), leading change is a deliberate...
Determining the project selection criteria is a crucial step toward making sure that the primary objectives are met, the essential goals are accomplished, and the basic lessons are learned. As a rule, the selection criteria can be defined as a combination of elements that determine the boundaries for locating the...
The article by Garavan considers the concepts of training, development, education, and learning, and their relationship to the process of human resource management and development, and argues that the first three phenomena should be viewed as a whole that is tied by learning. This paper summarises this argument and provides...
What is meant by “policy risk” and why can’t firms engaged in international business “hedge” against it? The term “policy risk” refers to the danger to an investor’s reduction of financial returns from an investment owing to failure to implement laws and regulations or a decision by the government to...
Creating a learning organization has been an anticipated attainment attributable to the concept that it offers a setting that will endorse discovering innovative notions in order to obtain information (Baker & Camarata, 1998). Learning organizations are founded on operative communication and constructing consistent relations within the framework of the team....
The use of bar codes and Radio Frequency identification has certainly had some positive and negative effects on basic logistics processes. Technology has greatly improved shipping, transportation, receiving and in-facility operations. While improvement in these basic logistics processes is welcome, it is important to note that the gains have been...
Introduction According to Grace and Cohen (2010), whistle-blowing refers to the act of making known things that an organization wishes to keep secret to protect its image. Even though this may work for a while, an organization might suffer negative consequences in the long run. Is all Genuine Whistle-blowing External?...
Diversity Leads to Prejudice According to Allen (2009), interpersonal communication in a diverse workforce is susceptible to prejudice. Consequently, organizational leaders and workers are required to choose their words correctly and structure a message in such a way that it is void of ambiguous phrases. Beamer (2007) maintains that jargon...
Executive Summary Consumers love a bargain no matter their market demographic and some consumers continue to patronize the same types of stores for their purchasing needs. With the holiday season closing in, Bank of America is releasing its new Silver A-Plus card in an attempt to capitalize on the increased...
Abstract The paper presents the leadership action plan oriented to achieving the goal regarding the development of leadership skills with the focus on working in ambiguous and diverse cultural contexts. The action plan is based on the detailed discussion of the modern vision of the global leadership and cross-cultural communication...
Introduction Professor Heifetz in the article, “Adaptive Change: What’s Essential and What’s Expendable?” looks at the process of change, especially how people view the whole process of change. According to this article, people are usually optimistic about the process of change but they do not consider what they are going...
Executive Summary Globalisation has opened new market opportunities in other countries that corporations can utilise to expand their businesses. However, in recent years, promising equity-based partnerships, IJVs and M&As, have failed to prosper. Scholars cite differences between the local and host cultures as the key success or failure factors (Khilji...
Introduction The issue of investment is a primary concern for both an experienced entrepreneur and a beginner. The choice of funding opportunities predetermines the development of a company and its place on the market. It can influence stake distribution and stimulate the company’s development. Entrepreneurship Peculiarities In the process of...
Introduction Andrew is a friendly employee at a local IT company. He is one of the few positive employees out there who believe that humanity is one of the most important motivators. Andrew came a long way from being a typical employee to being a first-class manager. The IT department...
It was not too long ago that the competition at the global market, which generally stayed at the same level or increased very slowly, allowed corporate accountants to take their time collecting, assessing and packaging financial data for organizations (Gullberg, 2016). However, in the past few years, the situation has...
Summary Chapter 15 begins with a detailed description of the examples of several different companies and their approaches to the selection of leaders. Namely, Toyota’s strategy is juxtaposed to those of Ford, Nissan, Chrysler, and GM in terms of the process of acquisition of a new leader. The point of...
Introduction The balance sheet has three main sections. The discussion in this paper will focus on the stockholders’ equity section. Equity is the difference between total assets and liabilities. The paper seeks to analyze the various components of stockholders’ equity. Specifically, the paper will use the balance sheet for Lachlin...
Statement of Purpose and Mission Swim in Greek (SIG) is an organization that sells sorority and fraternity Greek swimsuits. It offers its products online, which ensures that students from different locations are able to purchase them. This very business is likely to be rather successful because it does not have...
Abstract Project risk assessment is rather important in the modern business world. The researcher dwells on the key points connected to the significance of this area and presents evidence of its worth to the companies. Twenty Abu Dhabi Ports employees are interviewed. After evaluating the data obtained throughout the interviews,...
Introduction Professional development is closely associated with talents, abilities, and skills that should be gained for reaching professional growth. In addition, practical skills needed are based on various categories of learning from college graduation, training courses, educational practice to final courses. All these components are toughly intertwined into a complex...
Idle Rocks Case Study The conflict between Arnanda and Tony can be attributed to the restaurant manager’s inexperience. Initially, Arnanda was a receptionist. Consequently, her proficiency in management is in doubt among most workers. A good leader should have a wide scope of knowledge and the experience to handle emerging...
Introduction Aims and Objectives The information about the performance of a firm is essential to the job seekers and investors as well as companies seeking employees. However, such basic requirements for identifying the best firms depending on their performance have not been availed in a precise manner. Therefore, this project...
Executive Summary: Improving Quality Through Motivation and Upskilling Focusing on quality improvement is essential in the context of a multicultural corporation. The introduction of the Six Sigma DMAIC framework was tested as a possible tool for carrying out the improvements. The use of the one-sample t-test as the tool for...
Competitive strategy of the company International Business Machines Corporation, commonly known as IBM was founded in 1911 by Charles Flint (Kros and Brown 28). This American firm is headquartered in New York, United States, and operates in 170 countries around the world. IBM was one of the firms that played...
Organizational behavior analysis is very important in explaining how people interact and relate within a given social setting. In the modern society, both for profit and non-profit making organizations are under a great pressure to deliver quality service to ensure their sustainability. Failure to deliver the best services or product...
Introduction Since its inception in 1987, Starbucks Company has grown to become one of the leading providers of coffee around the globe. Among the countries that the service provider operates, is the United States, Japan, and Australia. The company attributes its growth to the introduction of Howard Schultz, who speared...
Nowadays it has become common knowledge that people are the most precious asset of any organization. Every company should ensure efficient management of qualitative personnel and its most optimal use. Human resource management becomes an integral part of the overall success of the organization. It is not only a set...
Code of Ethics A code of ethics is a set of regulations and guidelines, which aim at establishing certain behavioral rules for people within an organization. Very often, many organization prefers to develop own code of ethics in order to control people at their working places, find out the weaknesses...
The Culture of Best Buy Best Buy Company is an organization that consists of many departments and sections which are governed differently but all are aimed at contributing to the best of all the individuals and the company at large. The culture at best pay has undergone some changes as...
Introduction Achieving competitiveness in the market requires the establishment of appropriate strategies in the supply chain process. The amount of revenue generated by a company determines the competitiveness and long term survival of the company in the market. In the modern economic environment, competition has intensified in all sectors around...
Summary of the Case Study Irrational Design is a new technology company that was founded with the aim of carrying out business on a free to take risk basis. The founders did not seek finance from investors during the start-up since they intended to try out their products freely and...
Executive Summary This paper proposes an internalization strategy for an Indian telecommunications firm (Empire) that aims to benefit from technology transfer through R&D investments in Europe. It suggests that the company should collaborate with an established UK telecommunications firm if it intends to benefit from the country’s advanced technological environment....
Introduction Walmart Company and Dunkin’ Donuts have been used in the sustainability reports analysis. The sustainability reports will focus on economic, environment and social issues. Under the social issues, the reports dwell on gender inequality at the workplace. It is evidenced that the main differences that are often witnessed in...
Introduction In 1957, Jack Taylor founded Enterprise Rent-A-Car in St Louis, Missouri. Ever since, the company has established itself as a leading global car-hire company. Currently, Enterprise Rent-A-Car has a workforce of over 75,000 employees and over one million cars as part of its global fleet (The Times 100, 2013)....
Blockbuster and Netflix are two businesses that began operating within the same type of market – the movie rentals. At the same time, the two businesses functioned is completely different niches. Blockbuster worked through an enormous chain of brick-and-mortar stores where the clients could go any minute to choose and...
As the CFO of Melbourne Manufacturing, Shiela Forbes needs to draw a conclusion on whether to hedge while realizing the sale of a turbine generator. The deal between the US-based Melbourne Manufacturing and the UK-based Crown involves £5,000,000. The sale is organized in February, and the payment will be completed...
Introduction The success in the marketing sphere is highly dependent on the understanding of major concepts, theories, and techniques. The primary purpose of the paper is to examine the application of services marketing concepts to a specific market context. Extended Marketing Mix Marketing is all about “putting the right product...
Control of personnel is among the essential responsibilities of a manager. To ensure that the workforce is productive, managers have to use their decision-making skills to resolve difficult situations. In the case of Bauer Manufacturing Company, the problem resulted from David Smith’s failure to address the needs of employees sufficiently....
Introduction Like any sphere of management, human resources management can face external influences. There is a wide range of such influences, including political, economic, and social. To ensure that successful human resources management is not undermined by a certain external impact, it is necessary to analyze topical issues, explore possible...
Providing high-quality services and products is an essential requirement for a company operating in the global economy environment. Because of increasingly high quality standards in the specified area due to the unceasing technological progress, it is crucial to apply the quality control strategy that will help control the production process...
Introduction The dynamic e-commerce business environment keeps on evolving with the ongoing technology revolution. E-commerce is changing the way customers experience shopping and the traditional brick and mortar establishments are experiencing stiff competition from this development. Globalization coupled with the mobile telephony revolution and increased access to the Internet implies...
Potential difficulties of starting a business in a transition economy and recommendations on how they should be confronted Starting and maintaining a new business is always a challenge aggravated by adverse conditions prevalent in a transitional economy; an economy transforming from centrally planned to free-market economy. The potential difficulties faced...
Introduction The discourse in “Maggie Anderson-Power of People in Organisation” is an academic work that presents research findings on the role a manager plays in seeking to apply human resource principles and practices in practical situations to model the best way to relate with and manage the people by motivating...
Six Sigma Implementation in the Context of the Aircraft Company Setting Promoting consistent quality improvement is an essential element of any company’s functioning (Pyzdek, 2014). Unless the quality standards are regularly updated, the firm is likely to lose its influence and weight in the target market as the customers will...
The need for Castrol and similar businesses to invest in research and development Research and development (R&D) is extremely vital for a myriad of businesses especially those that serve a global market. Castrol has thrived in lubricating and motor oil industry due to intense investment in R&D. The following reasons...
Human resources (HR) theorists assert that organizations and labor unions must work together if they want to prosper in the changing global environment. Cooperative bargaining is an approach whereby union leaders liaise with topmost leaders to improve relations and maximize productivity. The process minimizes differences and empowers workers to focus...
Introduction In the age when corporate power reaches threatening proportions, it is extremely important to ensure that corporate social responsibility (CSR) is at the core of each business entity. Corporations should be regarded not only as a means for enrichment but as social responsibility enterprises (Lange & Washburn, 2012). Unfortunately,...
Introduction Informational Technology Infrastructure Library or ITIL is a group of practices designed to align IT services with the goals and vision of the business. It was originally developed in the 1980s and since then received regular revisions to suit the changes in technology and business better. This approach is...
Introduction The rapid development of digital technologies and the Internet has made them rather significant in many spheres of business. In that way, e-commerce has become one of the dynamically growing industries. The field of e-commerce known only a few behemoth businesses the largest one of which is based in...
Why the Authors are investigating the Role of Strategic Management Accounting in an Organization Setting The two authors, Tillman and Goddard (2008), are investigating the role of strategic management accounting in an organizational setting. They seek to understand and explain the application and perception of strategic management accounting by key...
Abstract Hong Kong is increasingly becoming a major international business hub because of its strategic location in relation to China and its commerce laws and regulations. Improved technology is making it possible for e-commerce transactions to be conducted in this city. Massive amounts of goods leave China via Hong Kong...
Abstract Employees’ compensation is an important factor that management of firms must take into consideration when coming up with strategic plans. Cornerstone Café’s compensation system is poor and will need to be reviewed to match that of other similar firms within the region. Introduction Employee compensation is one of the...
MarketingTech.com’s latest article by Colm Hebblethwaite, titled “Can Your Employees Recite Your Organization’s Vision and Mission Values?” reports that half of the marketing professionals in Rungway – a highly successful social and working communications platform, cannot recite the company’s V&M statements. The author states that Runway is not alone in...
Bureaucracy Bureaucracy is a system of administration based upon the hierarchy of authority that is designed to perform tasks through specific formal procedures or a routine manner. In this case, efficiency is enhanced as tasks are organized according to their complexity as well as in a formal line of control...
Eight Hidden Flaws in Strategy The article by Roxburgh uncovers a set of essential flaws in strategic management from the perspective of behavioral economics. First, the author pinpoints the overconfidence. In the case of the need to start a new business, it might be useful, however, a person’s brain sometimes...
Creativity Good business ideas do not necessarily have to be based on one’s self-interest, but on what the masses want or need. Therefore, the constraints that come up provide focus and shape problems while depicting the exact challenges to overcome at the same time. Although complaints alone can stifle and...
Employee Engagement Strategy Three principal dimensions of employee engagement involve work, peers, and customers. Engagement with work denotes the enthusiasm and commitment displayed by the employees in performing their direct tasks and is associated with greater productivity. This aspect is the most important for the initial phase since Melrose Hotels...
Barriers facing Starbucks as it tries to teach Chinese people to change their consumption habits from tea and instant coffee Various barriers impede Starbucks’ expansion in China as it tries to change the population’s preference for tea and instant coffee. Some of these include the association of tea with medicinal...
Financial ratios Group one The first group contains the returns on capital employed. It is a fundamental ratio that is used to assess the financial health of an institution. Return on capital employed is obtained by dividing operating profit and capital employed. It is a suitable measure of the profitability...
Abstract The three most significant trends identified in relation to the modern corporate learning and development area are the business-driven learning based on the integration of learning and strategy as the main trend; the collaborative learning realized with the help of coaching activities; and the individual skill-oriented learning associated with...
Introduction Entrepreneurs create businesses that offer products, processes, and services for hire and/or sale in a free market. Entrepreneurship involves the willingness to engage in developing, organizing, and managing business establishments in full recognition of the existing short-term and long-term risks with the objective of making profits. It involves overlooking...
Introduction The current problem of spare parts throughout China, at its current position is due to inefficient practices. In order to shift the service levels to achieve an efficient frontier and enable the company to realize high returns on investment, a new distortion method has been proposed. Typically, the cost...
Introduction The role of a leader in an organization is to determine the direction that the organization should take. Wine Lovers Enterprise is an organization that needs leadership in the current time of change. Leadership experience in this organization dictates the management to keep in touch with its employees to...
Executive Summary As a manufacturer and retailer of desktops, laptops, notebooks, and tablets, CRU experiences the challenge of satisfying its customers. To improve customer satisfaction, CRU undertook a study to determine factors that influence customer satisfaction so that it can leverage them. Therefore, this report analyses the current degree of...
With the course of time customers’ demands started to change extremely quickly, and P&A need to implement changes to meet them. Otherwise, the company will not be able to remain competitive, and its place in the market will be immediately occupied by some other firm. Unfortunately, the personnel does not...
It is significant to stress that Alan Mulally is an exceptional leader. The core of this statement lies in the fact that he did not concentrate on the contingency theory or transformational leadership approach. Still, the reverse – emphasized the role of every employee in the enterprise. He aimed to...
To facilitate growth, every organization has to undergo the process of change at some point. Changes could be aimed to accommodate the employees to a different working format or to eliminate the problems that are undermining corporate efficiency. When considering the proper organizational behavior for a company, one often looks...
Introduction Lodorfos, Mulvana, and Temperley (2006) argue that the term complexity is extremely hard to define. However, researchers believe that the term focuses on a phenomenon that arises from different interacting forces or factors. That being the case, there are numerous complexity factors involved whenever describing a given product. The...
The target market for this product is mainly women between the ages of 25 and 55. These are the working class individuals who are active for the better part of the day. The fact that they are the working class means that they can afford the product and at that...
Commuter Cleaning is a company that will provide dry cleaning services to office workers who live in the suburbs of large metropolitan areas. Their specific target comprise of single men and women as well as married couples who both work in the office and have no time to go to...
Introduction Organisations change in response to a multiplicity of external or internal environment drivers. Organisational change requires a planned approach and an effective change management to move the firm from its current situation to another. The management of change encompasses all actions meant to support teams and staff to adopt...
It could hardly be doubted that success in business profoundly correlates with developed leadership qualities. However, some individuals stand out as more significant influential figures, who inspire and motivate other people to grow as a leader. One of these people is Robert Kiyosaki, a businessman, writer, speaker, and public figure,...
Abstract Theoretical knowledge related to the efficient performance of the organization is critical because it serves as a basis for future actions performed in the real life. In this work, three articles that consider particular concepts relevant for operational enhancement are discussed. The information provided by their authors is outlined...
Introduction A variety of issues can have an impact on the Human Resources of an organization. Such issues may be internal or external in nature. Internal issues are caused by aspects which organizations can control and even prevent if they are foreseen beforehand. For example, if there is an issue...
Introduction In this paper, Wristop Technologies will be analyzed. The Finland-based company produces wrist computers for customers in the medical device manufacturing industry. The first part of the analysis will focus on the company’s innovation and its source. The benefits of the innovation to the customers will also be analyzed....
Introduction The global labor market has changed a lot over the years. One of the most notable developments has been outsourcing labor by companies in foreign countries (Budd & Scoville 30). Some organizations choose to take their jobs offshore in a bid to expand their market, get cheap labor, and...
Comparing and Contrasting DyB and GyB Business Strategies Sustainability of profits, retention of market share, and remaining relevant in the face of cutthroat competition has become problematic for many enterprises. In order to stand up to the challenge, businesses have developed various strategies used to ensure relevance and longevity in...
In order to be able to tackle any disaster promptly and efficiently, the disaster recovery roster of any organization should include a number of critically substantial individuals. First of all, there should be a disaster recovery lead and a disaster management team. These two will coordinate the whole process of...
The primary goal of the essay is to evaluate Johnson’s pricing strategy and determine the possible reasons for failure while considering the competition and other externalities. Additionally, suggestions are determined based on the current J.C. Penney’s strategy. In turn, a comparison of Johnson’s and current J.C. Penney’s pricing strategies was...
Recruiting guide Qualifications and skills required to obtain the job: experience of working in retail and skills of providing customer service. A chance of quick promotion to managerial positions for college graduates and the candidates with work experience in retail. Relevant labor market: Candidates from Oregon and Washington Activities to...
Introduction Project managers are cognizant of the fact that project completion can be jeopardized by a variety of factors that include, but are not limited to the absence of key project members, change in project specifications, and technical problems. All projects are susceptible to the unavoidable risk of delays; therefore,...
The fast-expanding entrepreneurial businesses need managers who can demonstrate a particular set of characteristics. These managers need to work with diligence to recognize and identify the company’s needs with the sole focus on improvising ways of meeting them. Contrary to what many people believe, “enterprising” managers are not those whose...
The Coca-Cola Company is the world’s leader in producing sweet soft drinks. The company is a powerful market player that feels the latest trends in the modern market perfectly and makes skillful use of them. Hence, Coca-Cola’s recent promotion campaign is truly global as it targets different countries including Nigeria...
Conflicts can happen in any workplace. All employees, while occupying the same territory, may have different values and goals. However, it is important to remember that an establishment cannot work successfully with employees that have unresolved issues. Thus, the process of solving such conflicts is an essential part of one’s...
Introduction This paper is aimed at examining the investigation provided by the BBC that revealed shocking working and living conditions of tea plantation workers in Assam, India. The study focuses on ethical issues based on references. Moreover, two ethical theories, in particular, utilitarianism and deontological theories prove the necessity of...
Target Market LAC is a charitable organization that offers a diverse range of customers an opportunity to organize and participate in different art classes and meetings (“History and Mission”). In this instance, LAC aims at catering to the needs of a vast target audience including artists, entertainers, businessmen, and different...
Beijing, 16th May 2016 – Diamonds have been marketed as a “girl’s best friend” for ages, yet now the tables have turned with the new “For Him” campaign launched by De Beers. Partnering with prominent watchmakers and jewellery artisans, De Beers has created a new lineup of watches, cufflinks and...
The employee’s lack of knowledge and skills that are necessary for the successful performance of tasks assigned not only leads to inefficient work but also reduces his or her satisfaction with particular duties. If a person is prepared not well enough, he wastes much energy costs and experiences constant stresses....
Introduction This paper is a case study on an organization called Southwest which deals with protection of civil rights of minority groups. According to reliable information, the organization is faced with management challenges which have lead to a decline in demand for its services, low cohesion among employees, poor relationship...
DMADV The DMADV framework is typically viewed as the auxiliary tool used along with the DMAIC approach as a part of the Six Sigma philosophy. DMADV involves the following stages: Define, Measure, Analyze, Design, Modify (Kubiak & Benbow, 2009a). As shown above, the framework does not have the control- and...
Introduction Wells Fargo embraces the best business models in an attempt to support the needs of its customers in the United States. The firm hires competent workers from different regions and backgrounds. Such professionals are empowered and mentored to focus on targeted organizational goals. Wells Fargo liaises with different firms...
Introduction The owner of a printing company faces a choice between buying new equipment to expand her business and purchase withdrawal. The main elements and the consequences of both scenarios are represented in the table. Potential Profits of the Printing Company High sales Low sales With new equipment $90,000 $40,000...
Introduction The centrality of employee input in an organization’s overall performance can only be ignored at the peril of an organization’s long-term survival. The significance of employee performance in the contemporary business environment is accentuated by workers’ contributions in promoting organizations’ capacity to cope with the intense competition (Ola &...
Problems One of the problems presented in the case study is the malfunction of teamworking process that was working accurately back in the day. The problem did not come out of the blue, though, but the reasons are unclear. In perspective, the tensions among workers may lead to decreased performance....
Australians’ approach to business negotiations Negotiation has two parties who have different or common interests and are trying to reach an agreement on matters that are beneficial to them. The content of the negotiation is influenced by culture, strategy, background and context. When the negotiating parties have different cultural sensitivities,...
Strategies and approaches to improve employees’ productivity are actively discussed in the business environment. That is why much attention is paid to discussing differences in the productivity of those persons who are physically active and those who follow the sedentary lifestyle. In order to discuss these differences in detail and...
Ethical Leadership Behavior Enron’s bankruptcy is considered to be one of the largest company bankruptcies ever: the company’s CEOs, Kenneth Lay and Jeffrey Skilling were convicted of fraud and conspiracy, as they had cashed millions of dollars in stock before the company eventually collapsed, thus taking the earnings of thousands...
The role of business in the social sustainability can be described from multiple perspectives. To grow, develop new products, and ensure profitability, companies should establish a long-term and beneficial relationship with various groups of stakeholders. Some of those stakeholders, i.e., clients, employees, suppliers, etc., are of great influence on companies’...
Introduction Project management is a complex concept and in order to understand its underlying principles one has to comprehend what a project and project management entails. A project is defined as an endeavor aimed at accomplishing a specific objective through a unique set of interrelated tasks and the effective utilization...
Introduction The Mission statement is crucial for both the customers and the firm. This is because it enables the customers to determine the firm’s purpose or goal in the market. Also, a company can communicate its purpose to the consumers through its mission statement. The following discussion develops and analyzes...
Introduction Marketing touches every aspect of an entrepreneur’s business operation. It is usually a series of activities designed to identify what the customers really want or are looking for in your good or service. These activities include a market research and analysis, publicity, advertising, sales, customer service among others. Developing...
Executive Summary The analysis of the Brazilian market shows that it offers more benefits than challenges to this Canadian firm. It will be appropriate for this Canadian firm to expand its operations to the country. When making the entry, the management will need to incorporate the locals at the managerial...
Abstract The enforcement of a policy to control the import of commodities via the CBE platform affects the Chinese economy significantly. The taxation provisions of the policy established recently imply that consumers experience both fair and unattractive prices of commodities they purchase via the CBE system. Thus, the policy fails...
Research Methods This research was conducted using qualitative methods, which were conducted through semi-structure interviews, company documents and focus groups, which are self administered. A basic interview was conducted to collect data from employees, on their perception, attitudes and experiences. The research also seeks to establish how implementation of a...
Executive Summary This research has been conducted as analytical analysis of Pret a Manger, the company that is going to prove the importance of changes that could contradict the visions of the company, and British Airways, the company that introduces a powerful example of how an organisation should implement changes...
Organizations must be able to quickly adapt to the changing environment if they are to retain their competitive advantage in a world where globalization is increasingly taking the center stage (Kotter & Cohen 2002, p. 24). Organizations that have incessantly failed to make provisions for change have been hardest hit...
According to Al-Alawi and Bradley (2013, p. 201), understanding the market is always the first step when developing a new product in the current competitive market. The times when firms manufactured products without understanding the needs of the consumers are long gone. The current market is very choosy because they...
Introduction The modern times have become competitive and very challenging for managers and leaders. In as much as the challenges face leaders and managers, very few individuals understand the differences that exist between managers and leaders. In some cases, people use the two terms interchangeably. It is fundamental to explain...
Introduction The coffee industry is huge indeed, and several companies are eager to introduce their ideas and improvements to attract the attention of customers. Taylor St Baristas is a young UK coffee company founded at the beginning of the 2000s. It was a kind of response to the existed dire...
Introduction Ethical principles set the tone for relationships in every sphere of people’s communication. Whether it is personal or business matters, people should be considerate and honest towards each other. Workplace ethics is of particular importance because it impacts a large number of individuals both within and outside the organization....
Introduction Background information The results of the previous studies have revealed the growing trends in increased interests to dine away from homes. The increase in these interests translates to the diverse nature of today’s generation. Food and beverage outlets in most cases are frequented by young and sophisticated individuals. In...
Introduction Connecting with customers is a fundamental aspect of a firm’s mission to achieve a competitive advantage. Modern organizations are facing challenges due to the intense competition in the business environment. Thus, companies should not ignore the significance of establishing a strong competitive edge. Creating market awareness of a brand...
Introduction The organizational culture plays an integral part of any successful company as it is an important strategic factor mobilizing all the structural units of the company and each employee individually to achieve the established goals within the framework of the declared mission of the company. The organizational culture determines...
Nature and Causes of the Problem When analyzing the situation for determining any serious issue in the department of human resources, Mr. Sweeney found out that the turnover of electrical engineers was quite high. As soon as any work opportunities appear, engineers leave the job to improve their working conditions....
Summary The book dwells upon products, their types, branding strategies used to market them, packaging, labeling and issues associated with packaging and labeling. First of all, it is noted that the product is a complex concept which is based on core customer value. Thus, consumers buy a product if they...
Introduction In recent decades, the term of “knowledge management” has become very popular, however, it should be noted that its categorical framework is rather vague. Knowledge management can be defined as the art of creating value from intangible assets of the organization as a purposeful process of conversion of the...
Introduction The process of promoting a product, in general, and a new technological brand, in particular, is a complicated task that needs a lot of attention to detail and understanding of how a team of experts needs to be managed. Having a part-time job involving the enhancement of the product...
How Differences in Political Environments Impact Operations in Global Markets The case study “Busang (A): River of Gold” for Harvard Business Review explored the opportunities and challenges of gold mining in Indonesia by a Canadian mining firm Bre-X Minerals (led by David Walsh) as well as recommended appropriate solutions for...
Please identify at least 6 competitive factors (factors that consumers consider in making their buying decision). Add-on from multi-media is a major competitive factor that enables game console to perform varied functions like an entertainment box. It can act as Mp3 player, plays high definition (HD) video disks, CD player,...
Introduction Background Dorchester has been rather efficient in the selected area, i.e., the field of electronics. Located in the United States, the organization has been growing successfully over the past few years and seems to have reached the stage at which it has to expand through acquisitions. The significance of...
Nowadays, it became a commonplace practice among many corporate spokespersons and social scientists to suggest that companies are inheritably interested in conducting business ethically, as the main precondition for them to remain competitive (Melville-Ross 2013). In its turn, this implies that ethical business is not only optional but also essential....
Introduction Successful online marketing requires the ability to deploy digital media tools successfully to establish a strong bond with all types of customers. For the LEGO Group, the specified objective is crucial to the firm’s further success in the global market. Therefore, the LEGO Group will have to incorporate all...
The Op- Ed writings about Corporate Welfare are interesting reading. The writer, Chris Rufer, founded The Morning Star Company. The company has a workforce of not less than 2,000 workers. It deals with processing and agri-business. He started the company in the year 1970. At that time, he used to...
Summary Women in developed economies have succeeded in harnessing opportunities at the top hierarchy levels in organizations, and this has been facilitated by their persistence to access quality education and compete with their male counterparts. As more women take over chief executive officer (CEO) positions and other positions that give...
The significance of reproducibility and repeatability of a measurement system can hardly be overrated; serving as the means to comply with the same quality According to a recent study, the promotion of repeatability in the setting of an organization, particularly, as far as its production process is concerned, helps maintain...
Nature of Strategic Management Description of the company Jaguar is a profit-oriented international organization that deals in automotives in different countries. Over the years, the organization has faced several challenges, which are either based on management or strategic planning. Since the aim of every company is to progress and obtain...
Introduction As internet use continues to increase, digital channels are emerging as dominant sources of competition. However, the main problem that arises from the use of digital marketing is the lack of analogousness between digital metrics and traditional metrics. Thus, it is hard to determine their effectiveness using the same...
The emphasis that Gallup placed on the significance of the emotional engagement of the staff members, though represented by the author as the revelation about the current concept of employee performance enhancement, was quite expected as it aligned with the contemporary idea of managing operations in the entrepreneurial environment. Indeed,...
Reason for Seeking New Markets Members of the European Union are feeling the impact of China’s growing economic power. The Chinese market is expanding. However, European companies are still struggling to discover the competitive advantage necessary to earn a profit. There are several reasons why European brands are unable to...
Introduction Technological transformations and innovations characterize modern societies. Christensen, Horn, and Johnson (2011) explain that several companies in the modern world employ new ideas, creativity, and critical thinking so that they can initiate new products or modify existing ones. Remarkably, innovation is a concept that enables organizations to develop new...
Introduction In any organisation, the HR department has the objective of handling issues that relate to employees. Functional responsibilities of the HRM include training and development, recruitment and selection, employee conflict resolution, deriving employee motivation and job satisfaction programmes, and taking active roles in the establishment of remuneration programmes (Kramar...
Background The University of South California (USC) intends to market the diplomacy program in China to draw more foreign students. This report presents a proposal on how the university can realize international strategic marketing. It is worth noting that educational institutions, like any other business, require financing for long term...
The U.S. economy has been the world’s largest economy for the last 142 years. It holds this position courtesy of the innovativeness and creativity of the American people coupled with strong government-initiated support systems, which foster advancement in all realms of the economy. A good example of the initiatives taken...
The Issues an Organization Faces if It Takes an “Exclusive” Approach to Its Talent Development Strategy One of the approaches to succession planning and talent development is the “exclusive” approach, which is aimed at identifying several talented employees and focusing the organization’s efforts on developing them and preparing them for...
Abstract The Kroger Company refers to the discrimination-and-fairness paradigm that is not appropriate to promote the diversity vision and effective inclusion practices in the organization. However, the company aims to follow the principles characteristic for the access-and-legitimacy model. In this context, the current report provides the summary and analysis of...
Introduction Chess Girls DC can be attributed to non-profit organizations that promote youth involvement in cultural development. The organization was established by Robin Floyd-Ramson in 2013 to engage girls in playing chess. The key mission of this organization that contains less than 200 members is to develop a sense of...
Build a Better Board Public assessment of company boards has risen to unprecedented levels. Nevertheless, they are mainly centered on short-term gains, not sufficient for lasting planning. The four goals that all corporations ought to consider are diversity, a long-term strategy, executive compensation, and technology. Many companies fail in the...
Introduction: Company X Background Company X has been operating in the environment of a retail business or quite long. After gaining the experience of five years of consistently hard work, the leaders of the entrepreneurship assumed that it had warranted an entry into the global market and the design of...
Running a large company presents a lot of challenges to the administration and management team. Some firms can cope with the pressure, but others fail to do so. The example of management at Peterson Industries leaves some lessons to learn. In terms of planning, the company gives a seemingly positive...
Abstract The main sources of funding available for a project are bank overdraft/loan, share capital and retained earnings. These sources have different risks and benefits such as high-interest rate, repayment period, and availability. The benefits of joint-venture are shared risks and larger capital contribution. The risks are reduced returns and...
Going global is a common practice in international business. It has proved to be beneficial for winning new markets and increasing revenues. However, expanding business requires a thorough investigation of the background in the host country and designing an accurate strategic plan including communicational barriers, leadership styles, and motivational systems,...
Introduction The Pro – forma financial statements are often prepared in advance of major transactions. Some of the transactions that require Pro – forma financial statements are starting of a business, capital investment projects, alteration of the capital structure of the business, acquisition, and merger among other transactions. The Pro...
Introduction The case study provided establishes various political constraints encountered by David Walsh, the president of Canada’s Bre-X Minerals Ltd, a company that was given the opportunity to engage in gold mining in Busang, Indonesia. Bre-X encountered political pressure from Indonesian officials who wanted the government to restrict the foreign...
Introduction The objectives of the HR department within any organisation include handling issues that relate to employees. Functional responsibilities of the HRM in an organisation comprise training and development, recruitment and selection, employee conflict resolution, driving employee motivation and job satisfaction programmes, and taking active roles in the establishment of...
Introduction Managers need vital information before introducing new products and services into the market. Such new products are those that create value for the consumers. As a result, it is important for companies to carry out marketing research before introducing a new product. The aim of this research is to...
Company Overview Co-Mac is a relatively small company that provides specialized building hardware, such as fasteners, latches, construction locks, straps, supports, and more. The merchandise is imported from a variety of suppliers and distributors and is sold in a regional niche market. Being the first to arrive at this specialized...
Strategic Strengths The first strategic strength of the company consists in the fact that they concentrate their efforts on the unremitting production of new male and female apparel (Thompson 331). By doing this, the company covers the majority of the sectors that are currently dominated by its rivals. The second...
The current paper examines the marketing situation of the Australian Wallabies rugby union team (which is a product of the Australian Rugby Union, the ARU), and provides reflection about its marketing situation on the basis of the research that was conducted earlier. The previously identified issues which are faced by...
Amazon is one of the top e-commerce companies selling products to people irrespective of their geographic locations. The company has long relied on the services of delivery companies such as FedEx or UPS (D’Onfro, 2015). This reliance sometimes had quite adverse effects as some deliveries were delayed, which could be...
