Business

The Use of Innovation Management Processes in Managing Innovation-Driven Projects

Abstract—This paper looks at the use of Innovation Management process in the Project Management domain, it first introduces technique; how it works and how to use it. Two papers are reviewed that use innovation management processes in managing innovation driven projects. The first paper, “The role of business model innovation...

DrainFlow: Employee Performance Case Study

Employee satisfaction is directly linked to their levels of motivation, performance, and productivity. At DrainFlow, the adverse implications of an unhappy workforce are manifested in their failure to accomplish various key objectives and the poor services rendered to customers. For instance, clients have complained about the prolonged response time and...

Apple’s Corporate Financial Strategy Concepts

Introduction Apple is an organization in the United States specializing in creating, progressing, and selling electronic products such as cellphones and computers. Established in 1976 by Steve Jobs and his colleagues, this US-based corporation has encountered various strategic developments to become one of the most reputable brands in the world...

Management Styles Overview

Diversity Management Diversity management in bubble tea shops involves the use of diversity training tools in organizational activities. Many entities have embarked on providing training programs on a routine basis to evaluate and disseminate the assessment findings. Some of the benefits that can be accrued from diversity management include increasing...

A Critical View of Maslow’s Theory in Management

During the last decades, Abraham Maslow’s «Hierarchy of Human Needs» theory has remained a popular technique in corporate management. The presented principles of motivating workers to raise productivity seem to be intuitively logical, illustrative, and universally applicable. However, within the historical development of humanity, the personal perception of workers modifies,...

Leadership During Organizational Change

Introduction Leadership during organizational change is an important subject, as it can contribute to positive outcomes. In the chosen scenario, the organization changed mission and strategy to reach more customers and improve financial performance. Nurse leaders had to support organizational change by improving employee motivation and performance. This scenario was...

Leadership Styles: Definition and Comparison

Introduction The success of a company mostly hinges on the choice of a leadership strategy. Therefore, it is imperative to come up with the leadership style that matches the organizational environment and allows meeting the employees’ needs. Because of the inconsistent leadership framework adopted at CMA, there is a significant...

Manager’s Role and Total Quality Management

Introduction The process of management always involves planning, organizing, leading and controlling activities. It does not consist of a single act. Management in general is cyclical and repetitive. It involves a linear process on which it has a start and an end and it always considers the planning, organizing, leading,...

Multinational Companies and Diversity Topics

Introduction In the current globalized society, it is common to find cases where an organization hires people with different cultural backgrounds, race, religion, level of education, gender, among other demographical factors. Diversity in the workplace is becoming a common phenomenon that organizations cannot avoid. According to Mor-Barak (2014), diversity in...

Craft Beer Industry: Porter’s Force Model

Craft Beer Industry The industry’s primary aim is to make a profit through the use of an effective strategy that helps in influencing the target audience. The competitive business environment is experiencing changes in the competition that occur at a fast rate. This poses a challenge in maintaining business operability...

How Applying the Trait Leadership Theory Impacts Individual Behavior

Eight traits of effective leaders Organizations become successful when leaders can influence followers to work towards achieving particular goals or objectives. Even though personal traits could not be solely responsible for effective leadership, supporters of trait leadership theory have ascertained that these traits are seen as preconditions that grant people...

Datapine and SAS Business Intelligence Tools

Datapine is a digital platform that provides users with a business intelligence opportunity to visualize, explore, and share their data with dashboards. According to datapine, the corporate platform is a contemporary one, where all pertinent business data is placed in one central area. As datapine illustrates, the data tool empowers...

Human Resource Planning: Engineering Business Management

The quality and quantity of human resources in organizations are vital since they determine their success. No firm can remain competitive and productive in the long run without the right type and number of workers doing the appropriate job as planned. Therefore, companies need to have a department that strategizes...

Global Green Books Publishing and Risk Management

Introduction Risk management implies an integral part of a successful and stable business in present-day developments. According to Hillson and Simon, “risk management is too important to be left to chance” (1). Starting any business is always associated with multiple hardships and hazards, which are highly likely to prevent the...

McDonald’s Technology and Management Strategy

Introduction Technology and innovation are crucial in the survival, growth, and competitive advantage of a company. The company’s operating environment will help it determine if its strategy will compete favorably against immediate competitors (Kapoor, 2018). McDonald’s is a global leader in the fast-food industry with an estimated annual global turnover...

Centene Corp.’s Financial Analysis

Background Centene Corp is a publicly listed company in the US stock exchange. The company is headquartered in St. Louis, Missouri. It offers health benefits to more than 4.1 million people. The company has a market capitalization of $8.5 billion and is one of the best-performing companies in the medical...

Digitization in European Car Supply Chain Management

Introduction The automotive industry in mature car markets, such as the European car market, has been at the forefront of embracing innovation (Laux, 1992; Cornet et al., 2019). In particular, one of the significant trends that need to be reckoned with was the digitization of production processes that was made...

The Taste Brand’s Marketing Research

Introduction The marketing research proposal will primarily focus on the Taste brand and the customers’ perception of its taste and communication, positioning, brand image, and brand awareness. The research question is which one of the elements is the key determining factor of the product’s low performance. The descriptive hypothesis is...

The Marketing Planning Process

Introduction Marketing planning is a process that involves organizations adopting systems and procedures to profitably identify and meet customer needs. This process allows managers to develop an effective marketing mix for their enterprises from the limited supply of planning constituents needed in creating the right blend of place, product, price,...

US Steel Corporation and AK Steel Holdings

Introduction As shown in the attached Excel file, the three-year return for US Steel Corporation was 13.07% (C19, ratios). A closer review of the share prices shows that the prices rose between April 2014 and October 2014; thereafter, they started to decline until January 2016, when the share prices started...

Starbucks: Management and SWOT Analysis

Strategic Choices The company has been struggling due to the recent global financial crisis that shook the entire business world. Due to this, the top management has brought on board a number of strategies that are meant to increase business and make the company more competitive. Even before the crisis,...

The Importance of the Enterprise Resource Planning for the Firm

Enterprise Resource Planning Enterprise Resource Planning (ERP), is usually used in ERP systems or software which are involved in managing all the information and all functions of a firm from shared data banks or even data stores (ERPwire, 2010). ERP has been given significant acknowledgment since the processes of ERP...

Chimney & Mellow – The Pastry Café

Introduction SMG has run a sustainable and efficient business for 30 years. Following high standards of excellence, SMG attained a strong competitive position in its market sector. However, there are still many opportunities for growth. One of them is the establishment of a new business in the previously unexplored Food...

Trading as a Sole Trader, Partnership and Company

Introduction The initial decisions in every business development play a pivotal role in determining the success of an organization. Several decisions are of great importance before starting any business. One of these factors is the structure of the business. There are several structures through which a business can operate. These...

The Great Lakes: General Environment

Perform an analysis of the social/Demographic, Technological, Economic, Environmental/Geographic, and Political/Legal/Governmental segments to understand the general environment facing the Great Lakes. Describe how Great Lakes will be affected by each of these external factors There were alarming statistics about leaded gasoline. It was said to have a lot of effects...

Strategic Management: The Role in Business

Every manager in a corporation is faced with one principle aim; increasing the shareholders wealth by improving on the bottom line. To attain these objectives, a firm has to develop strategic management approaches. Whereas there are many reasons behind the development of strategic management in an organization, the two most...

Four Seasons SPA Innovation Opportunities

Competitors Analysis The industry of SPA and wellness has demonstrated significant growth over recent years. According to the report prepared by Mordor Intelligence (2020), developed society increasingly focuses on recreational services, and related expenditures also continue to grow. Considering the colossal development opportunities in this sector, SPA and Wellness attract...

Innovative Organizational Structures: Case of Zappos

Today, there is a wide variety of forms of organizational structures: many of them have a long history of existence, while some have appeared quite recently. In view of this, for modern business managers – architects of the organizational structure – the problem of choosing the optimal organizational structure for...

Strategy for Aveeno Skin Relief Body Moisturizer

Brand Strengths Other than the brand image established this far, the Aveeno brand line draws strength chiefly from the fact that parent company Johnson & Johnson (J & J) is long-established, having been founded in the United States in the 1880s (Johnson & Johnson 2009a 1). From that early start...

Individual Leadership Skills and Use of Power

Definitions Leadership is an individual’s skill, behavior, or attitude that allows them to direct or influence a group towards a shared goal effectively. In a business context, leaders advocate for positive change and motivate people towards achieving the desired organizational objectives. On the other hand, followership refers to one’s capacity...

Analysis of Nike’s Investment Strategy

Nike has undergone remarkable growth and success over the years. Recently, it has clinched top position over its competitors such as Reebok and Adidas, due to revenues that surprised analysts. Its success can be greatly attributed to its investment strategies. Investors are enjoying the current increase in shares up to...

Emerging Business Themes: Strategic Alliance

Strategic Alliance Strategic Alliances have become an increasingly important aspect of business activities. The term strategic alliance means an agreement between two or more organizations/parties to pursue common set goals or to achieve important business need even though the organizations maintain their independence (Kanter, 1994, 6). The time frame for...

Environmental Accounting and Estimating Hidden Costs In Dubai

Introduction From literature review, it has been realized that environmental accounting has a great role to play in the operations of the business of the modern firms. For this reason there have come up several regulations both within the country and abroad. Many international agencies have come up to help...

Chief Financial Officers and Chief Executive Officers

It is true that the Chief Financial Officers (CFO) make good Chief Executive Officers (CEO) (Stuart, 2009). This can be attributed by the fact that CFOs are involved in top management of a firm and make direct interactions with the CEOs. This gives them an opportunity to learn and know...

Reengineering Healthcare Analysis

Introduction UnitedHealthcare is a key operating segment of UnitedHealth Group, which is the single largest health care delivery service in the US serving over 70 million people. The organization strives to enhance the quality and efficiency of health care while improving access to numerous health benefits to Americans. UnitedHealth Group...

Information Technology Importance in New Business

Inventory management program and systems Having established a growth-oriented and stable business, modification of the firm to contain an inventory management program will be our second objective. These additional programs will allow us to have an efficient and effective information management system that will forecast, manage demand, customer service, and...

International Diversification. Management of Risks

Introduction The modern day business environment is faced by various challenges that tend to hamper growth and expansion of the business. This in turn frustrates the achievement of the set goals and objectives. Business that are not able to manage their risks well may end up falling short of their...

Cash Management and Short-Term Investments

A brief description of the cash management practices and strategies used in the Amtrak Company The contemporary business arena where cutthroat competition exists coupled with the global economic downturn has forced organizations to adopt cash management strategies that are effective to survive in unpredictable market conditions. Philippa (1997) argues that...

Risk Management: Garanti Bank

Introduction Garanti Bank is a financial institution operating in the Turkish economy. It is subjected to various factors that, in essence, affect its operations and performance within the economy. Some of these factors are advantageous, while others present challenges that are viewed as risks by the bank. Some of these...

Motives and Reasoning for Initial Public Offering (IPO)

Introduction Several privately held entities aspire to go public through an initial public offering (IPO). IPO is the first offering of a common stock of a privately held company to the public. IPO has two common benefits to the firm’s shareholders. First, IPO acts as a way of raising capital...

Segmented Income Statement for Herrestad Company

Herrestad Company. Segmented Income Statement For the period ending Dec. 31, 2011 A B Total Sales $920,000 $2,000,000 $1,080,000 Variable costs: Direct material 560,000 240,000 800,000 Direct labor 100,000 300,000 400,000 variable overhead 90,000 150,000 240,000 variable selling and admin exp 26,000 54,000 80,000 total variable costs 776,000 744,000 1,520,000...

Herrestad Company: Contribution Income Statement

A contribution margin income statement is prepared with an aim of showing the amount of the margin of contribution in an income statement of an organization or a business. It is prepared for use by the internal management. All variable expenses (selling, administration and manufacturing) are deducted from sales to...

The Case of Best Food Superstores

The Best Food Superstores case is about ethical marketing behaviours and customer service satisfaction. In this case, Brenda who is a regular customer to Best Food Superstores for over thirty years tries to explain her dissatisfaction with the service and guarantee she gets at the store. From the case it...

Service Quality and Business Performance in the UK Hotels

The strength of hotel industries in terms of performance index lies with the level of service delivered to their clients. In fact, serious hotel industries would invest more on their mode of service delivery to hit an all time favorite against their opponents in the same business segment. Such motive...

Nike Pricing Strategy

Introduction Two university students, Philip Knight and Bill Bowerman in the Early 1964, founded Blue Ribbon Sports, a company that later changed its name to Nike, Inc. in 1978. The company trades mainly in sportswear and equipments. From its humble beginnings, the company has grown to become the leading sports...

Assumptions of Efficient Market Hypothesis

When looking for financial information, information can be found both in primary and secondary sources. The primary source of financial information is financial accounting. This is the main source of important financial information. It includes financial statements such as the annual report and the balance sheet. These act as the...

Managerial Accounting: Internal Accounting System

In the past years, financial accounting emphasised on presenting financial statements information to parties outside an organization, e.g. lenders, who used the information to make future investment decisions. This means that financial accounting denied internal managers the information they needed to make appropriate decisions. This has forced many organizations to...

Variable Cost Analysis of Cost Decision

Introduction Variable cost analysis is very crucial when we come to decision making. Variable costs do affect the profitability of every organization thus managers are encouraged to decrease variable costs in order to maintain good profitability (Drury, 2007). Analysis of variable costs will therefore enable the manager to devise ways...

Risk Management in Financial Organizations

Introduction Information Technology (IT) is among the 21st century undertakings that have changed how financial organisations conduct their business in the sophisticated and fast-paced business environment. To most industry commentators, IT use came at an opportune time when global financial dealings needed some enhancement in order to increase the speed,...

Managing Fraud and Audit Risk

Introduction Fraud is the intentional conversion of funds or property that is entrusted into a person. Fraud also involves the mistreatment of books of account of the company to appear as if it is performing well in the market yet it is contrary. Auditors have the responsibility to detect and...

Mrs. Richards and Manuel: Effective Business Communication

Upon my analysis of the communication process, there are three communication challenges I noted in the workplace. First was the disparity in perceptions and attitudes. From the scenario, Mrs. Richards believes that she deserves priority from the receptionist and other employees of the hotel. The receptionist, on the other hand,...

Performance of Saudi Stock Markets in the Past 10 Years

Introduction The stock market in Saudi Arabia was first formally regulated in 1984 (Al-Twaijry, 2006, p.2). In 1985 the Saudi Shares Registration company was inaugurated. The early 1990 saw the modernization of the market with introduction of an Electronic Securities Information System by the Saudi Arabian Monetary Agency (Al-Twaijry, 2006,...

City Bank Reward System Analysis

Executive Summary In a contemporary business environment, organizations require informational, human, and physical resources; properly managed organizations have adequate personnel, in number, experience, and expertise. The human resources department in conjunction with top and line management is mandated with the task of ensuring that the right number of people is...

Growth of Hedge Funds in the United States of America

Introduction Background of the Study Financial market in USA is large and diverse, and for a long time, it has been dominated by mutual funds industry (U.S. Securities and Exchange Commission, 2003). However, in the last few decades, the trend has been changing, and today, there is growth of hedge...

Businesses and Information Technology

Introduction Historically, top-level management realized how difficult it was to invest large fortunes into IT without knowing how it would affect their businesses. However, several CIOs invested heavily in IT with the hope that the investment will play a vital role in the future. A number of these companies collapsed...

Managerial Accounting: Sam Walton

Introduction Amongst the many influential global companies that exist today; very few—if not none—of them can compare to the reputable impact of Wal-Mart in the arena of business. Whether for the right or occasionally, wrong reasons; Wal-Mart commands a lot of attention from corporations and people alike. All these would,...

Career Path: Accounting Profession

Accounting is not just all about boring numbers. It is about one’s ability to analyze and communicate. Individuals’ passion for numbers calculation, analytical thinking, problem-solving, and communication form the basis of this professional career. The ultimate audited financial statements have a fundamental impact on the corporate world, government, as well...

Green Computing Research Project

Project overview Bluechips Consultancy is to implement an order management system for G-bazaar a green computing outlet in uptown UK. A project plan will then be developed after this and this will be presented to the sponsors for approval. The activities of the project will then commence upon approval of...

The Pyramid of Corporate Social Responsibility

Introduction Many businesses operations have embraced the concept of corporate social responsibility and this has attracted attention of many researchers. The aim of this review is to study the work of one such researcher, Caroll Archie, and rate her article, The Pyramid of Corporate Social Responsibility: toward the Moral Management...

A Quality Management and Quality Improvement

Quality management refers to the organizational-wide approach that firms in different economic sectors integrate in an effort to understand the customers’ needs. As a result, a firm is able to offer products and services that meet the customers’ needs. For an organization to effectively implement the concept of quality management,...

Discrimination in the Workplace

Introduction The 1960s civil rights movement in America to end racial and other forms of discrimination also affected discrimination of employees by their employers. Following successful implementations of the laws against discrimination at workplaces, court decisions, workers unions, and laws restricted the employers and their unions to discriminate any worker...

Strategic Use of Information Systems to Gain a Competitive Advantage

Introduction Information systems (ISs) have been basically considered in terms of the way they affect individual organizations. Scholars have put their focus on defining the nature of information system function. However, at recent times, the external information systems utilization as sources of competitive advantage has come under consideration (Pant and...

Job Position and Satisfaction Relationship

Introduction The level of job satisfaction among employees determines performance of employees in an organization. Given the evidence that job satisfaction increases performance of employees, modern organizations strive to provide better working conditions and employment terms. Essentially, many factors determine the level of job satisfaction in an organization. Some factors...

Matilda and Jack’s Robots: The Target Segment of the Market

Product information Matilda and Jack are two robots known for their emotional intelligence. This innovation was made with the sole intention of improving human health and well-being as well as improving organizational sustainability. The robots can be used to conduct job interviews because of their ability to accurately determine the...

Business Environment Risk Intelligence

Introduction Business Environment Risk Intelligence (BERI) was started in 1966 and is located in Friday Harbor, WA. BERI is a private company that is classified as an insurance company and manages comprehensive rankings, forecasts, and analyses in over 140 countries around the world (Skipper and Kwon, 2007, p.167). Their customers...

The Impact of Environmental Factors on the JIT System

The Just In Time (JIT) system is a management philosophy that aims at improving productivity through the elimination of waste and improved quality. This system is based on the elimination of waste by moving goods through the production process when they are needed (Patil, 2008). Gopalakrishnan ( 2002) notes that...

The Impact of Performance Metrics on Employee Motivation

In the business context, employees are the most valuable assets and greatly determine the success of any business. Many businesses despite having all the capabilities necessary to enhance performance have failed due to a lack of the essential input towards their employee’s concerns. Indeed, employee satisfaction equals customer satisfaction (Levesque,...

Effective Communication in the Organization

The model of communication presented in the video portrays challenges at various levels of the communication process. The source of information, the receptionist, demonstrates a negative attitude to a female guest, Mrs. Richard. This negative attitude is one of the barriers to their effective communication. Instead of answering Mrs. Richards’...

Microsoft Corporation Financial Analysis

Introduction In the half year ended 31 December 2008, Microsoft acquired twenty companies giving out consideration worth $1.6 billion. The consideration was given mainly in the form of cash. All the companies acquired during this financial year were included in the company’s results of operations starting from the date of...