Introduction Leadership is one of the most fundamental requirements of any organization. The type of leadership in an organization determines its trajectory and ultimately its destination. Some of the greatest success stories in the world hinged on the qualities of leaders: Gandhi, Martin Luther King, Adolf Hitler, Barrack Obama, J.F...
Introduction From the course information, I can tell that Kotter’s change model is one of the easiest ways to bring change to almost any organizational environment. There are several steps that make it clearer how to approach the problem since every stage comes with a detailed description and has to...
Introduction When dealing with manufacturing and serving a diverse clientele, any company should account for the product diversity catalyzed by the customers’ preferences. Thus, to obtain a realistic picture of the product cost, the firm’s primary goal is to make this cost unique and relevant for every single product presented...
Introduction Leaders can establish a culture of change in their organization, and multiple approaches can be implemented to maintain it. Strategies to enhance effectiveness might also lead to adjusting personal characteristics and selecting ethical theories to address. Furthermore, providing the employees with a convenient and diverse working environment and encouraging...
Introduction The modern world offers great opportunities for individuals to find a job and build a career. The large volume and access to information allow any employee to build competence and knowledge, but at the same time, the bar of requirements for potential employees is also raised. Self-development is a...
It is important to note that any form of the organization operates with a specific strategy put in place in order to achieve its core objectives of profitability, growth, and competitiveness. Organizational strategy can be defined as a scope and direction developed to encompass long-term objectives with considerations of utilizing...
The Sarbanes-Oxley Act (SOX) is a legislative response to financial scandals between large American companies and, as a result, a decrease in investor confidence. The US Senate passed this new law in a short time: in March 2002, there was only a Ten Point Plan (Albuquerque & Zhu, 2019). With...
Abstract This research paper provides a systematization of risks that accompany the system of procurement of goods and also discusses the main methods of managing them. Risks can be different and specific both within a particular industry and within each specific company. All types of risks affect the competitiveness and...
Abstract In the context of maintaining the efficiency of supply chains, risk management is crucial as a set of measures aimed to prevent threats to forecasting and a drop in customer interest due to inadequate control over the sale process. This work aims to determine what forecast and inventory risks...
The role of strategy, culture and the organization’s management system cannot be underestimated. Competent and thoughtful management, taking into account the needs and desires of employees, and effective management are distinguished by increasing the results of the organization’s activities. In addition, these factors contribute to the optimization of labor and...
Updated Organizational Structure Chart: Explanation of Changes Based on the identified concerns regarding collaboration, communication, and autonomy of the organization’s employees, the updated structure chart contains several changes, the implementation of which is expected to improve the workflow. Earlier, managers were controlling the work of every specialist in all departments....
Effective leadership is the key to the successful functioning of any organization and institution. This assumption is also valid for health care, where it is important to ensure correct management to provide quality care. Addin (2020) underlines that “the most effective leaders are leaders who can balance implementation-oriented behaviors with...
Executive Summary Bodybuilding.com Company is a fitness company committed to transforming people by providing a personal trainer, nutritional diets, body supplements for burning fat, and bodybuilding. Some of the products and services for the company include clothing and accessories, vitamins and health, weight management, performance, and protein. Target customers include...
Introduction Through strategic management, organizations can achieve the best result and surpass their closest competitors. In general, strategic management aims to plan and integrate the operations of a company’s many functional departments to accomplish long-term corporate goals. (Kennedy et al., 2020). This can be achieved if an organization develops strategic...
Introduction Delta Airlines is one of the most important and prosperous airlines in the airline industry. As a typical user and a corporate strategist, I offer my presentation on how the company may use its strengths, weaknesses, opportunities, and threats to gain a competitive advantage and set plans on the...
There has been an ongoing debate among academics and experts arguing that leadership is different from management in several aspects such as orientation, duties, and character. Following the discussion, numerous researchers and scholars have written about differences between managers and leaders. The supporters of this idea argue that leaders are...
One of the main issues of the supply chain management is achieving the maximum and optimal level of efficiency in terms of time of delivery. The problem is complicated by the need for consideration of trade regulations, policies, and relationship dynamics between two economic sectors. The given analysis is primarily...
Introduction Companies and businesses influence the development of society in the process of interacting with suppliers: choosing a specific organization, product, or service. Ethical procurement management aims to ensure that companies are held accountable for adding value and only select suppliers who are committed to the principles of ethical development...
Social responsibility of business implies comfortable and safe working conditions for employees, decent wages, and additional medical insurance. It also contains such means as a charity, environmental protection, and public relations. Implementing social responsibility measures for business may not be obvious; it seems exaggerated. Building a system of responsibility in...
Introduction Organizational culture is a necessary term when it comes to describing an organization. It influences many crucial aspects of the organization’s work processes, such as the performance and behavior of the employees. Defining the organizational culture and emphasizing its role in the success of the team is essential for...
The company’s market-oriented mission statement might be unique, and it can also be integrated with the company’s aims and objectives. The company’s goal statement is to uncover under-appreciated items and improve them via creativity and innovation to increase consumer appreciation visibility. Customer satisfaction may be used to illustrate the company’s...
Introduction Organizational culture refers to characteristics and personalities, including values, shared beliefs, assumptions on how individuals need to behave, the way decisions are made, and activities. The key factors of corporate culture are history, people, and the environment. Leaders and managers have known that the value of understanding an organization...
The Role of Customer Value in the Innovation Process Customer value is one of the key aspects of the product innovation process. Ultimately, customer value is how a product or a service is seen by those who purchase it. The greater the difference between a product’s potential benefits and costs,...
Cost of Capital, RD A high credit rating indicates a lower cost of capital for most industries and organizations. Volkswagen had a rating of BBB+ with a positive outlook in May 2021 (Fitch Ratings, 2021a). The company’s rating is based on three critical components, including financial profile, corporate governance, and...
Introduction The 2017 Accounting Standards Update (ASU) by the Financial Accounting Standards Board (FSBA) was issued for greater clarification on the definition of a business with the purpose of issuing guidance for entities on whether transactions should be accounted for as assets or businesses. This change came after much criticism,...
The learning organization can be described as a company facilitating and encouraging the learning process for its employees. It acknowledges the need for continuous development of the organizational culture and structure in order to adapt to environmental change (Doyle and Johnson, 2019). The concept of the learning organization is interconnected...
An Overview of the Consumer Electronics Industry Rapid technological development of humanity has predetermined the increasing relevance of the electronic industry or, in other words, consumer electronics. To begin with, it is necessary to find out what is taken by this kind of electronics. This definition means that all electronic...
Background The COVID-19 pandemic became an event which disrupted the normal way of life and forced all countries on the planet to adjust to new circumstances (Stefana, 2020). Businesses also were hit by the effects of the pandemic, which included not only hundreds of thousands of people being unable to...
Emotional intelligence has such critical components as self-awareness, self-management, social awareness, and relationship management. The four emotional intelligence skills can be combined into two pairs: self-awareness and self-management form intrapersonal competence and social awareness and relationship management – interpersonal or social competence. Intrapersonal competence focuses mainly on personality, while social...
Executive Summary L’Oréal is a multinational company that manufactures cosmetic products and owns several well-known cosmetics brands such as Lancôme and Maybelline, among others. Currently, it is the number one cosmetic group globally, with over 36 brands and subsidiaries in 115 counties. This company prides its ability to innovate, which...
Introduction Organizational change refers to the circumstances under which a company or a business organization alters the system of its organization through the transformation of its culture, technology, the way it operates the businesses, the outlined infrastructure, or the internal process. Many organizations suffer resistance to change; the major causes...
Background Many approaches to contemporary economic analysis are created to examine one or another industry based on specific criteria. Porter’s Five Forces model is a simple tool that is intended to assist in primary sources of competition identification (Mind Tools Content Team, n.d.). It considers the following concepts: rivalry, bargaining...
The purpose and objective of the report A balanced scorecard assists in the development of organizational strategy by identifying what is essential to the organization. It brings the many viewpoints of the stakeholders together in a single communication channel. A more planned and regulated workload for employees can assist the...
Introduction Apple is among the most competitive electronic multinational companies. It is an American International Corporation that majors in electronics products (Al-Serhan, 2020). The company produces computer hardware such as iPhone Smartphones (Liu, 2021). It also offers electronic hardware, including iPod media players and Home pod speakers. Apple Inc. has...
Amazon aggregators obtain and nurture e-commerce brands over innovative businesses with industrialists to scale the developed Amazon products and advance income for their stockholders. These aggregators search for the Amazon vendors they consider great auction potential to consolidate and run an e-commerce business portfolio (Tripathy, 2018). This research essay explicitly...
Business-level strategies are detailed outlines of actions and activities a business takes to offer customers value and maintain competitiveness. The main types of business-level strategies are; cost leadership, differentiation, and focus strategies (Edwards, et al., 2014). The cost leadership strategy aims at producing goods at a lower price per unit...
A good organizational culture is a key to the success of any company, as it affects the productivity of employees, their quality of work, and job satisfaction. A well-thought-out organizational culture allows you to create a space and environment in which employees will develop, provide better quality services, and resolve...
To make its products attractive, Nivea produces several cosmetics products that may appeal to many customers. Apart from the differentiation strategy, the company emphasizes the high quality of products: the products undergo a long testing period before they are released on the market. Each customer may be sure that the...
In the digital age, when technological progress and innovations make up an essential part of human lives, people find themselves in need of managing a complex and rapidly evolving world of information and technology. As people rely more and more on electronic devices in their everyday lives, they generate more...
An employee may have spiritual, material, or individual values that differ from the importance of the organization. This discrepancy can substantially impact the behavior and work of an employee in the company because common values can increase the loyalty of employees to the organization and motivate them. Shared values can...
Abstract Porter presented a model to analyze strategic and market positions by five aspects: customer bargaining power, supplier bargaining power, the threat of new entries, the threat of substitutes, and competitive rivalry. It is used to evaluate the auto industry in the United States. This field started to develop in...
Introduction A virtual team is “one whose members share a common purpose, but are separated by distance, time, and organizational boundaries. In such a team, members are linked only by communication technologies.” (Noble, 2009, a virtual team, para.1). Therefore, timely and efficient communication between the members play a very important...
Use of visuals to keep attention In the Abbott report, the visuals in the background are pictures depicting different aspects of nutrition and healthy living in warm colors, with green color dominating the presentations. The use of pictures to depict different products in the report is very attractive and a...
Introduction Strategic management concepts have become crucial in helping an organization to thrive in the current business environment that tends to be highly competitive. Success is attained by such concepts in the existence of modes of measuring the performance of the organization. Through such measuring strategies, the organization can set...
Introduction Problem Statement The current market circumstances enable companies to seek to implement innovative solutions to retain their competitive advantage. The retail businesses which sell clothing items and accessories have an extensive assortment of modern technological products to choose from. As research indicates, the fashion industry is experiencing a rise...
Background Organizations are operating in a dynamic environment which requires them to keep up with the changes. Failure to conform to such adjustments has negative impact on their operations. Problems that are faced by organizations have made institutional development as a career to be in demand for many businesses. The...
Abstract Marketing has undergone a tremendous transformation in the last few decades amidst environmental and technological changes, and so has the process of branding. Building a brand has been a daunting exercise for the custodians on the local and global scales. This study aims to help in understanding the primary...
Introduction The decision-making model of Vroom and Yetton assumes the determination of the most effective leadership style, depending on the characteristics of each specific situation. Moreover, it is assumed that one leader can use several different management styles. The main difference of the presented model is that it is focused...
Introduction Due to increased globalization and integration of world economies, companies are constantly seeking to expand their markets beyond regional boundaries into the global market (Das 2004). Consequently, companies reap benefits associated with diverse markets, economies of scale, and increased consumer base (Cragg 2005). These benefits associated with globalization prompted...
Executive Summary Business analysis, especially when it is focused on conducting a study with real client, requires a proper planning because of the need to have actionable solutions that can be used to solve real life problems. In this business analysis, the focus was on the Coca Cola Company, one...
Abstract The way businesses market their products and services determines their success. Organizations utilize various marketing tools to create and sustain demand for their products, which influences their bottom lines and business survival. This paper explores Apple Inc.’s iWatch and how the company implemented the four marketing Ps to achieve...
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...
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...
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...
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...
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,...
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...
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...
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,...
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 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...
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 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...
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...
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...
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...
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...
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...
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...
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,...
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...
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,...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 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...
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...
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...
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...
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...
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...
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,...