Introduction Resilience and sustainability are the key factors for the success of a company or an organization. Resilience is the ability of a company to survive change, while sustainability is the ability of an organization to continue with its roles without abating its value. Over time many companies and organizations...
Executive Summary Business ethics is concerned with people and companies’ shared beliefs, principles, and ideals. Corporate executives must maintain and embody good moral standards to help build the desired corporate culture. Leaders with high ethical standards go beyond simply managing their employees; they also motivate and encourage their followers through...
Introduction The expansion of global markets has compelled supply chain firms to spend more on development and manufacturing to fulfill their customers’ demands. As a result, businesses are becoming deemed responsible for the ecological, economic, and social repercussions of their activities and vendors. Sustainable supply chain management, which is focused...
Introduction Generally, the main focus of business organizations is to achieve optimal performance in the industry. However, sometimes it is a challenge for managers to promote and create a working environment that facilitates and increase the ability of employees to deliver the best services for their employers. In the present,...
Challenge Description The study’s main difficulty is resistance to new ideas and change in a collaborative environment. The current situation’s changes and technology advancements have forced firms to adapt to new processes as a means of expansion. Once a corporation understands the benefits of change, it is up to that...
Introduction The pandemic has changed quite a few aspects of people’s lives globally, causing a series of permutations that have shifted the dynamics of relationships in a range of areas. However, the employment setting remains the sector that has suffered the greatest and the most powerful set of changes. Among...
Market segmentation refers to the practice of dividing a consumer market into smaller subgroups that share certain characteristics. It is an application of market research which seeks to break down the market into segments to better understand the needs and wants of each subgroup. A business can then customize products...
Introduction Emotional balance entails understanding and controlling one’s emotions in a calm, wise and sincere manner. It is an aspect of leadership skills that allows one to find ways to manage their emotions and impulses even in stressful situations. While anger is a normal human emotion, it can ruin the...
Introduction Organisational leadership always requires investing a lot of effort in order to control every process in a project. In addition, this kind of activity has no free time, because it is impossible to stand on one place, there is always a need to be one step ahead in terms...
People Express People Express was an airline that operated from the 1970s to the 1980s when it was sold to Continental Anilines. The company’s leadership and vision are targeted at making every employee serve at several stakeholder capacities. Indeed, individuals had to buy company stocks before becoming part of People...
The Meditech company is a major player in the technology and medical product industry which provides hospitals and medical institutes with supplies, materials as well as technology for surgical procedures, and tools for aiding preparing of patients for surgery as well as helping them recover from operative procedures. The company...
It was determined that while the demand for the new products increased dramatically in the market, just after their launch, it tended to steady out in the succeeding weeks, coming down to levels where the company could easily satisfy all the orders coming in for the new products. This helped...
The hierarchy of the Meditech management is such that it is headed by the VP of operations, who leads the plant managers and the director of materials management from the procurement side of the business, and the director of planning and distribution from the supply side of the business. The...
The type of the industry where first and second movers are engaged in influences greatly the risks and rewards that they are faced with. The potential rewards that motivate the companies to take the second-mover approach do not always turn it to be successful. Below are some possible risks and...
The first area recommended for Ryanair’s consideration is the pricing model for its services. The company has been successful in establishing the reputation of a phenomenally cost-efficient service by offering ticket prices 80 to 90 percent lower than those of their competitors. This was initially achieved through the removal of...
As identified previously, a financial statement is essential to include in a business plan so that investors understand the needs of a start-up company in terms of both future and present costs. Usually, a cash flow statement is included in a business plan for considering how cash flow can affect...
There are three basic pricing strategies, including cost-based pricing, value-based pricing, and competition-based practice. The primary benefit of a cost-based pricing strategy is simple calculations involved in determining the final price per unit. Additionally, the method ensures the profits for the business since the minimum price is the marginal cost....
Levi Strauss is indeed a well known brand in jeans throughout the world for many years now. But with the spread of globalization the level of competition has indeed goes up. Liberalization in economies around the world has opened up newer vistas of trade. Levi Strauss has been catering the...
The Hanover Bates Chemical Corporation is a leading manufacturer and distributor of chemicals that are employed in the chemical plating industry. The company has its main operation in manufacturing and production of the chemicals while a sales division handles the sales for the company. The chemicals that are manufactured at...
In the book “Organizational Culture and Leadership,” Schein states that long-term growth is influenced by and dependent upon external adaptations and balance between needs and demands of the stakeholders. The author underlines that “all organizations are sociotechnical systems in which the manner of external adaptation and the solution of internal...
Ducati’s decision to diversify its products with the exclusive online sale of new motorcycle models is the penetration of the company to the new information age. It is certainly a starting point of the new strategy. The company should take some specific actions to sustain its lead in e-business and...
Business ethics govern all ethical issues, ethical problems and morals related to business dealings. Honesty, truthfulness and fair dealings are important in all businesses. There should be certain rules made for such ethical issues and should be addressed in detail so that every business entrepreneur must be aware of them...
The process of research can be conducted by using basic or applied research methods. Both have distinguished characteristics and are used in different situations. Basic research is a form of research that is conducted out of a person’s inquisitiveness or interest about a particular phenomenon, and the intention is to...
The Harley Davidson company focuses mainly on the marketing mix, mainly the four P’s in the marketing arena for being the market leader in flying colors. Product The product is given utmost importance. The product is made available to the consumers in a unique color. Based on R&D programs and...
Nokia, although in the first position as the world’s leading mobile company in product sales plans to launch new techniques in order to maintain the position and maintain the market compared to the competitors. Venture into the innovations already explored by other firms proves to be a hilly path for...
Brand mantra is another critical element of the functioning of any company and its positioning in the market. Usually, it is an articulation of the essence of a firm presented in several words to explain the core values and contribute to the creation of a particular image among clients. For...
Intuition-based decision-making is still a very important aspect of management policies as its core is the outcome of some condition-based approach that relies on experience as well as expertise. As the reality behind the success of DSS is that of the quality of evidence base that has got its relevance...
Contingent workers are employees who work for a firm or a temporary basis and are normally contracted for a fixed duration of time or a specific project. A number of companies have resorted to using this kind of work force due to the advantages attributed to them. The most important...
A number of businesses have given different definitions of marketing. This is because marketing is a wide topic that cannot be fully captured from a single perspective. Gattorna has advanced that “marketing is the social process by which individuals and groups obtain what they need and want through creating and...
As stated by Bocij et al, in 2005, LG Electronics partnered with Oracle and LG CNS on a five-year project to develop, design, test, and implement a new management platform that utilizes a single global instance of Oracle E-Business Suite R12. LG Electronics had an in-house enterprise resource planning (ERP)...
The consideration of the balance and business portfolio by Boston consulting group (BCG)/growth/share matrix in terms of market share and market growth that form the two fundamental dimensions of Boston consulting group (BCG)/growth/share matrix. This is because “the BCG matrix method is based on product life cycle theory that can...
The endorsement of celebrities in the marketing industry has been widely accepted. The reports indicate endorsement of celebrity is widely practiced in the United States. Tiger Wood, Tom Cruise, and Britney Spears are names that have become symbols in the marketing industry. IEG endorsement insider indicates entertainers, athletes, any other...
The major resource of Apple Inc. is its staff, the people who strive every day to make the company be ahead of the competition. Innovation and its management is the key strength of Apple. Another strength factor is the fact that Apple does not outsource design to cheaper, outside, companies...
The human rights issue has been the subject of many studies and complaints among organizations and governments. In international business, human rights is also a relevant topic that needs to be addressed properly because of man’s complex needs and opinions. We regard our rights differently. We look at things not...
Johnson & Johnson was established in 1886 and deals in a wide variety of household products. It has its headquarters in New Jersey in the USA with numerous branches all over the world. Barron’s magazine has ranked Johnson as one of the most respected companies among other credentials and recognitions...
There is a new market perspective that shows that organizations seek to legitimize their responses to market forces by conforming to the prevailing practices within their fields of operations. Within these organizational fields are their suppliers, consumers controlling authorities as well as other firms that deal with similar commodities. This...
The main challenges of implementing a PMO in a university are the lack of interactions between operations among multiple tools used for project management. Diversified information technology management systems, as well as their time tracking systems, cause an enormous problem in the identification of the real cost incurred, the efforts...
Today mobile communication has been a hot topic over the years; mobile communication has benefited from the enthusiasm and creativity of people to bring life to the technology. For many years, mobile technology has been embraced due to many reasons in technology, business, and marketing. 3G (third-generation) has taken mobile...
Amazon web services launched in 1995. An Amazon connection is Amazon.com connect marketing plan that includes hundreds of thousands of websites. Amazon provided different services recently with Amazon Mechanical Turk, Amazon Elastic Compute Cloud and Amazon simple storage services. It also provides cloud computing, also called utility computing. Comparable to...
The ‘drowning child’ argument is immensely strong from the point of view of ethical theory. According to Ciulla, Martin, and Solomon, followers of both consequentialism and non-consequentialism agree that it is the moral duty of every human being to assist another person in grave danger provided the ‘savior’ is not...
Develop a profile of the product/service based on the four Vs (volume, variety, variation in demand, and visibility).Apple is restructuring its supply chain and logistics management with the objective of decreasing logistics costs and developing speed deliverance and flawless information system involved in it. Apple Inc has entered a collaboration...
The first provision required by the reformers relating to child labor was the observance of particular working conditions for employed children. Employers used to beat them to make the workers meet daily production norms without considering their actual working capability. They also suffered from a lack of food, health problems,...
Enterprise resource planning, popularly known as ERP, has gained massive popularity over the recent past as an integrated approach to managing business processes. Mauergauz defines ERP as: “A process management software that allows an organization to use a system of integrated applications to manage its business and automate back-office functions...
At the moment, Budapester has successfully introduced the online value proposition (OVP), which helped the company increase its conversion rate by 12.5% and 30% for the mobile version. Therefore, this move was the most significant among all the steps and approaches that will be listed below. Nonetheless, the Budapester will...
When adopting the strategy process model, the e-commerce companies conducted adequate environmental scanning, which is the first step in developing a strategy process model. This move helped them pay attention to the seasonal increase in demand associated with the 2014 World Cup. Further, the companies set clear goals for increasing...
Motivation is an important factor in the performance of an employee, especially in a challenging field like marketing. A marketing person will face rejections along with results. In fact, marketing experts are of the view that the success of a salesperson is dependent on the number of rejections faced. In...
In recent years, there is a growing interest in qualitative research by scientists within different fields of study. Qualitative research methods begin at the margins of acceptable science. Qualitative research attempts to capture what people say and do, that is, the products of how people interpret the world. Most of...
Southwest Airlines and Alaska Airlines have survived in the market without going international but through the domestic operation. Both these Airlines belong to the United States. Southwest Airlines is a Dallas based airline and is one of the best airlines in the United States. “Southwest Airlines has become the fourth...
Celebrity endorsement is a key to market success. It increases the sales and studies have proven that high-profile endorsements from athletes and celebrities will give an advantage over the competitors. Famous tennis player and Wimbledon championship winner in 2002 Venus Williams, for example, has signed a five-year $40 million contract...
In 2003, ZISCo management introduced the strategic management process as its new business strategy. It has been segregated into three stages and they are as follows: Thus, ZISCo focused on the following four core areas. They are ZISCo has to peruse a market-associated culture that focused on customer’s requirements and...
Zhang, president of GISE was of the view that ZISCo could attain sustainable development through value creation on a continuous basis. Undervalue creation strategy, competitive environment analysis is being carried over by comparing the advantages and disadvantages of ZISCo’s strategic management as contrasted to its competitors. The analysis of the...
Team building is a process that implies forming groups of individuals to achieve a target or a level of performance. Teamwork enhances the quality of work and decision-making. It increases productivity and innovation. Effective teamwork requires flawless communication amongst team members. Since efficient and effective teamwork gives a firm competitive...
Digitalization Control over energy resource consumption based on blockchain technologies has become widespread in the international context of the company’s activities. The information obtained from the counters is compared with the data entered into smart contracts. Reliable to advance, the new approach that transforms Shell is digitalization. Big data and...
Finding solutions to sustainable development challenges and corporate principles is a unique method for the Shell brand’s evolution. The company is successfully pursuing this objective by developing unique scenarios for the development of clean energy systems. Being one of the first corporations that create and implement new technologies, Shell Oman...
The lessons from “The Goal” can be applied in many real-life situations. Modern technology has become one of the major aspects impacting the performance of businesses. Hence, people are encouraged to become more innovative and implement technological approaches in their organizations. However,some companies have failed to introduce these changes, leading...
The definition of group decision-making implies discussing a specific problem among a group of individuals and finding the most appropriate solution and decision for it collectively. In the context of present-day developments, this approach appears to be an integral part of any successful company operation. It should be mentioned that...
Human resource management deals with the issues affecting employees in an organization. They manage workers to accomplish the comprehensive achievement of company objectives. Conventionally, a firm’s goals are to realize maximum productivity while reducing costs, increase the market command within their niche, and expand to new branches. Top management of...
FMEA, or Failure Modes and Effects Analysis, is a method of analyzing a system to identify the types of probable failures. In addition, it shows its causes and consequences and the effect on the functioning (the whole system or its components). The term “system” describes the hardware, software (with their...
Competitiveness is an index that allows one to evaluate the product by certain aspects. The main factor is the ability of a specific product to meet the target audience’s needs and the level of its capacity compared to competitors. In other words, one may characterize competitiveness as the potential to...
The selected brand for applying the Five P’s is Apple, and its offers are efficiently promoted as per marketing principles. Thus, the products are related to information technology, and their wide range is one of the business’ competitive advantages. Their pricing strategies are developed for meeting critical customer demands and...
Human resource management is strategic in nature and establishes a coherent manner of handling the people working for the organization. It stresses on human potential, not necessarily the outcome of it. On the other hand, Human capital management uses various measurements as the basis for people management, and looks at...
The Nash equilibrium is the stable game state in which players do not gain an advantage by altering their strategies if their rivals also keep their strategies intact. For example, there are two companies, X and Y. Each of them can choose to have high or low prices. If both...
The success of Wal-Mart is primarily due to the company’s pricing policy. First, the principle of “every day low prices” is declared. For the buyer, this means the opportunity to purchase cheap goods daily, not only at periodic sales. The second important element of the pricing philosophy is the so-called...
None of the competing companies was able to invest such funds in expansion. The key to the success of Wal-Mart worldwide was the strategy of aggressive expansion combined with low prices. However, a significant role was also played by the distinct specialization of trading enterprises in four areas: cheap goods...
Effective planning is generally recognized as an essential tool for project implementation. The schedule allows for estimating and allocating the necessary time and funds and thus avoids excessive revenues and complies with the project plan. In particular, schedules of qualities are helpful in two critical areas – communication and coordination....
When coming up with an effective vision for the organization, the manager would benefit significantly from delegating tasks that require them to exert additional efforts. The problem with delegating tasks, in general, relates to the problem of making the workplace environment into an effective setting that capitalizes on organizational performance...
As you may have perceived, hotels are grappling between maintaining the distance required for COVID-19 safety and keeping warm and providing outstanding services. Even before COVID-19, some of the positions at the hotel front office had been merged under broader roles. For instance, it is common to see the desk...
Now more than ever, the hotel front office needs a young, flexible and adaptable workforce like yourself. Working in the hotel front office position requires different sets of skills, which vary based on the organization of the hotel and the type of guests it accommodates and serves. Depending on your...
Connecting the company’s strategy with your hiring objectives Obtain market information. Understanding the national and local labor markets, as well as the variables that impact them. The existing recruitment strategy might be altered if parts of the company plan are reconsidered. Changes in federal, state, or local legislation might have...
There are different management strategies that can be applied in public-private partnerships. They can involve legal, political, and economic issues. According to Achard, there are four main models of management in the public-private sector. The first one is related to the usage of privatism tools. The second one is focused...
One of my worst experiences of teamwork was mutual distrust. In a real team, people calmly admit their mistakes and weaknesses, discuss the instances which bother them, and are not afraid of condemnation or disapproval. The lack of trust in collaboration can be evidenced by a simple fact — the...
The new major soccer league (MSL) needs practical objectives to guide them towards intelligibility and success. Objectives will always guide them to work smart and attain definite results. In this case, objectives for the new MSL team in Pittsburgh, Pennsylvania, are listed below. By the end of the year, the...
There are several means by which a company can sell its products abroad. For an instance, the most popular strategy for entering a foreign market, just as the least risk-posing, is exporting. It is the immediate offer of products and administrations in another country. It might likewise be practical as...
“The Pursuit of Ignorance” is an inspiring TED talk about the virtues of ignorance. Neuroscientist Stuart Firestein deprives science of credibility and returns it to the only basic principle: the research for the unknown. “The Pursuit of Ignorance,” filled with thought-provoking quotes from wise people, challenges conventional educational traditions and...
An Affirmative Action Plan (AAP) is a tool mainly used by sponsors and managerial institutions to identify, assess, and provide a solution to the major problems affecting the equal distribution of benefits to all stakeholders. The AAP constitutes dynamic elements that enhance its optimal performance. They include the workforce analyses...
Finland’s economy was driven by the massive wealth of the country’s reserve of national resources. The country was historically endowed with natural resources such as paper and pulp clusters due to the extensive forests. Finland emerged as a key supplier of manufactured merchandise to the United States, Germany, Sweden, and...
Microsoft Dynamics 365-Supply Chain and Oracle Fusion Cloud Supply Chain & Manufacturing are the central enterprise resource planning (ERP) products currently available in the market. The Microsoft dynamic 365 contains complex manufacturing aptitudes, mixed-mode, and an entire collection of warehouse supervision skills. For example, it provides an actual office package,...
Due to various reasons, companies devise strategies with which to penetrate foreign markets and go international. Each strategy that a company chooses to adopt offers different benefits that enable it to penetrate and survive in foreign markets. By selecting the most appropriate strategy for going international that aligns with the...
Accounting periods refer to established time ranges throughout which financial functions are performed and analyzed by an accountant. In particular, a tax year is used as a basis to determine one’s taxable year. There are two accounting periods allowed for tax purposes: a fiscal year and a calendar year. As...
Reviewing the website enabled me to learn about the right jobs and the states providing them. It boosted my awareness of the most appropriate positions to pursue towards enhancing my potential and knowledge. The interest profiler illustrated many relevant jobs based on my interest and skills. It created knowledge of...
The O*NET website supports HR professionals by providing beneficial information to support job analysis. It suggests reliable resources where people can find job descriptions and occupational information. The interest profiler offers guidance to individuals who are not sure about the right jobs for them by enhancing their understanding of interests...
There are four international strategies: international, multi-domestic, global, and transnational. The international strategy involves applying the approach that the company uses in its own country. This option is due to the success of activities in the domestic market and the lack of experience in considering other strategies. The most prominent...
Strategic planning is one of the central tools for the growth of organizations. This process includes analyzing the external and internal environment, identifying issues for improvement, and setting goals that cover these issues. Financial planning is central to setting these goals since most changes require a cash investment. As noted...
If given the power, I will specifically deal with employee wellness. This is one specific area that I can confess that our company is not doing well in. The work schedules of the company, coupled with traffic jams and family obligations, do not leave employees with enough time to work...
The working efficiency of employees can mainly be affected by five key elements. They include work environment, processes, goals, the wellness of employees, and training. The work environment of employees has a direct impact on their drive, moods, and general performance. Hence, the key to a productive performance from employees...
I have had the experience of working in a company that had different types of employment contracts for employees. There were primarily three types of employment contracts within the organization. They included permanent employment contracts, fixed-term contracts, and casual employment contracts. Employees on the permanent contract were required to work...
Trust has a strong influence on the way employees relate with their bosses and with each other. It does not come automatically but rather earned over time and through deliberate actions. Indeed, it is true that the workplace environment, communication system, relationship with colleagues, and promotional opportunities are some of...
I strongly believe that employee contract has a significant impact on the attitudes that employees have towards their organization. First, employee contracts come in various categories for different employees. Some contracts are permanent, while others are temporary or short-term. Employees on permanent contracts enjoy such statutory benefits as insurance, paid...
India is considered another new market for Uniqlo; this launch serves as the start of a long-term partnership. The Uniqlo Company will bring the highest quality apparel to Indian buyers in India. The founder and CEO of Uniqlo, Tadashi Yanai, said he had long intended to expand into the Indian...
In any organization such as Bernard supermarket in Famagusta, not only must the driving element be disseminated from leadership in a way that highlights its necessity, but also as a way of enhancing and increasing morality by the organization. Employee motivation is one of the most crucial processes to be...
Organizational behavior is the multidisciplinary area in which people, groups, and organizational processes are studied methodically for knowledge about conduct in organizational environments. The study of how people function in groups or as individuals is, therefore, an organizational behavior. Managers do much to ensure that they function as efficiently and...
The cultural value comparison I will discuss is between Germany and India. Germany concentrates on creating a perfect generation without defects, while the Indians focus on bringing up target-oriented people. A blameless society is more the focus of German culture. This focuses very much on who produced the problem and...
The monopoly has recognized that accountants are a key part of organizational success. In accounting, various key ethical principles are important in guiding the professional process. The first ethical principle is respecting the views of the stakeholders. The program is set to instill professional ethics, but on the other hand,...
However, Dhotre et al. stipulate that an Android-based mobile application is a suitable variant for employers to use. Individuals should download this application to their mobile phones, and employers will have appropriate information on their performance. For example, this software makes it possible for managers to “know all the incoming...
In the beginning, it should be stressed that Mr. Jones decided to follow the directional growth strategy, neglecting the benefits that he could get from the stability one. In particular, the entrepreneur now adheres to the vertical integration approach, given the opening of some shops in other locations on the...
There might be many occasions when critical success factors of a company’s industry are likely to change, given the fact that these CSFs exist in quite a broad scope – industry factors, environmental factors, strategic factors, and temporal factors. Organizations are forced to do their best to adapt when the...
It might be assumed that within the scope of the high-tech industry, there are some reasons to be a first mover. The crucial advantage here is that a company is able to exploit positive feedback loops (CFI, no date), which is essential in terms of the mentioned industry because a...
Agency relations take place in situations when one person or a group of people (principals) instructs another person or a group of people (agents) to perform certain actions on behalf of the principal, which is accompanied by the transfer of decision-making power from the principal to the agent. With regard...
Organizational values are the backbone of all business processes of the company, from hiring new staff to interacting with customers. Bablitz asserts that although most managers think that values only help decision-making, they actually “should be the driving force behind all your decisions.” Indeed, during designing and implementing plans, employees,...
The party supply industry embraces a vast assortment of products employed by organizers to create a convivial, friendly, and relaxed atmosphere for various occasions. Candles, balloons, invitation cards, tableware, tents, and banners are among a few widely used specialty items. Herewith, party supplies are mostly chosen following party themes to...