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...
Merit pay planning has seen stable and continuous usage in the educational sphere for decades. Merit-based contests, awards, and pay increases are often used straightforwardly: to boost teachers’ motivation and, therefore, their performance. A teacher’s job is also team-oriented: the school’s performance depends on teachers’ work; therefore, their salary is...
Pricing and placing adjustments can help restore customer interest in a particular product or seller, which is relevant in the post-pandemic period. This aspect is most significant for the activities of brick-and-mortar stores, which suffered greatly from the lockdown. Thus, manipulations with pricing and placement will allow such stores to...
The Importance of Decision Making for Managers With regard to the top-level management, the importance of decision-making at this level is crucial as they set the organization’s goals, control policies, and are responsible for selecting the most qualified managers to implement strategies. The middle-level management, which also belongs to the...
A job description is a well-formulated statement outlining the expectations of the management of an individual. The employee is expected to adhere to these requirements to enhance the goal attainment by the organization. In its turn, the organization is liable for providing a healthcare insurance policy for its employees whenever...
The size of the organization is affected by the affordable care packages. Large businesses with more than fifty full-time employees are obligated to provide insurance cover to their employees. These firms are also required to provide occasional reporting on the state of healthcare insurance of their employees; failure to do...
The provision of insurance cover is an important role of the employers of large companies. It is a legal requirement for companies to provide health coverage to their employees to avoid attracting penalties. The managers of organizations with more than fifty full-time or part-time employees should provide insurance cover to...
Sustainability reports provide a mechanism for evaluating the achievement of human resource utility goals. Therefore, it should aim at fostering and tackling ecological and climate challenges. Concurrently, TBL should provide clear reports with crucial information about its objectives and path toward sustainable development. Such information should include financial records, corporate...
Sustainability reports are vital in shaping the performance of an organization. Therefore, the CEO, CFO, and the Audit Committee Chair should issue a sustainability report to boost workers’ morale, enhance credibility, enhance the market image and identify business opportunities. Each of the mentioned leadership ranks needs to understand the position...
The CEO who truly understands the concept of change is Tim Cook of Apple. Despite the loss of the company’s main spokesperson and representative (Jobs), human rights scandals, the U.S.-China trade war, and the rise of environmental concerns, Cook has increased Apple’s success, making it the first company to reach...
There are many ways in which technology allows companies to leverage knowledge and human capital, which are some of the most valuable assets of any modern enterprise. First, technology makes the process of sharing information easier and more resource-efficient. Second, it can enable the codification of knowledge, its replication, and...
When it comes to Caterpillar Corporation, there are two main elements of its strategy. The first one is investments in technology, which produces great benefits. Essentially, the company can now promise its customers the most innovative machinery, tractors, and other products, which helps to differentiate it from a myriad of...
LGBTQ community is related to the freedom of expression of sexual orientation. It means that people belonging to this movement do not need to conceal their preferences. However, LGBTQ followers are generally considered to have an “untraditional” orientation. In fact, traditional orientation was given by religion a long time ago....
Organizational deviance is defined as the desecrations of formal strategy goals and regularizing expectations and will lead to a substandard outcome. This description themes deviance in an organization as a part of social routine order, according to Morril. Within this wide variety of conduct, there are other multiple aspects such...
A first-mover is a service or product that gains a competitive advantage by being the first on the market. Such a position is generally associated with a number of advantages, including the ability of the company to establish customer loyalty and strong brand recognition before the competitors enter the market....
Knowing how to manage the liquidity of a firm is crucial to the survival of a company. An institution should be able to generate enough cash to meet all its obligations. Company liquidity can easily be affected when there is a reduced or dragged cash inflow. However, an increase in...
Speaking of the response phase, it should be noted that the activities intended to reduce the secondary damage and provide all kinds of emergency assistance cannot be established prior to being exposed to a calamity in most cases. When life safety is on the line, community losses have to be...
Interestingly, the process of innovation does not only help people evade threats identified in the past, but it also creates new hazards that sometimes cannot be predicted or eradicated. Some of the most common new threats that have to be considered are biological, chemical, nuclear, and terrorism-related (including cyberattacks as...
While change is inevitable in an ever-evolving business environment, it is commonly a stressful and undesirable process for both employees and management. Indeed, resistance to change is a standard reaction to a shift in the ordinary and already familiar way of functioning. As the case of the Nestle Company demonstrates,...
In the context of organizational change management, the contingency approach refers to a set of theories that are based on the assumption that there is no universal solution to any given organizational problem. Since staff, vision, mission, company goals, culture, and policies differ, the methods of managing change will differ...
The ability to strive in the contemporary, highly competitive business environment is largely reliant on the capability of an organization to address and deal with change. Overall, change is an inevitable and immediate part of any activity or process. It might be internal or external, as well as independent or...
Despite the long-established belief that an entrepreneur is a single person who founds and meads an organization or small business, this is not always true in the real business world. Indeed, entrepreneurship is viewed as an endeavor of an individual who wants to own and run his or her business...
While there are several different forms of intrapreneurship used in modern organizations, some of them are more fitted for the purposes of educational organizations than others. Overall, the encouragement of entrepreneurs within a company provides security for the employees engaged in innovation since the losses are covered by the organization...
Modern organizations are functioning in a highly competitive environment where technologies and innovation lead to advancement and provide opportunities for competitive advantage. With higher business standards and more challenges to overcome on the way to excellent performance and profitable operation, organizations strive to find new management approaches and leadership styles....
SEO This is a process of improving the visibility of a webpage or an entire website in search engines organically. For example, a travel company can use keyword optimization to market hotels in Florida. SEO helps improve website ranking in the search engine above the competitors. Domain name This is...
Use of cookies These are small text files stored by a browser whenever a person visits a specific website. For example, online stores such as Amazon and eBay use cookies to store items in your shopping cart. Cookies enable businesses to identify customers’ preferences and direct them to relevant products...