Business management is a broad topic. Consider the essentials when writing a business management essay.
Firstly, manage your time effectively and ensure you allocate enough time to each aspect of the subject. Secondly, use various sources when researching business management, including both primary and secondary sources. Finally, check out academic paper samples from EssayBizLab. They can offer a step-by-step guide to support your writing process.
Introduction Since suppliers are a significant and integral part of an extended number of companies, vendor management has become an enormous and severe issue. Leaders and managers need to choose an appropriate approach that is likely to lead to the organizations’ success and increased performance. Moreover, vendor management techniques aim...
The global quality standards are an unambiguous concept as the quality is always of much priority to define various expressions. The quality considerations relating to the economic concept are much more significant. It is only the quality that makes the product durable and reputed; when the quality of the product...
The main objective of inventory management is to minimize various types of costs associated with the acquisition and storage of stocks. The importance of inventory management lies in two dimensions: The performance: to ensure the continuity of production and shipment of finished products. Efficiency: inventory management should be organized to...
In conflict management, there are two primary ways to alleviate confrontations and consequent struggles. First of all, process interventions aim to regulate a series of actions resulting in a conflict in their progress, directly interfering and interacting with them. On the contrary, structure interventions seek to examine and alter preexisting...
The HR managers are under various pressures of management challenges. The managers from around the globe identify various pressures to be common and globally available for all HR managers. The three key global pressures named were: Deployment, Knowledge and innovation dissemination, and Identifying and developing talent on a global basis....
The critical chain method is an advancement over the theory of constraints used for managing projects. The critical chin method basically involves taking care of the bottlenecks, i.e. the critical steps involved in the project completion. Once the critical chain of events is identified by the project management team, requisite...
The attempts to attain the higher levels of quality of goods and services can be viewed as a method to generate a beneficial advantage and struggle with rivals. For this reason, the companies try to create their own unique quality management framework and increase clients’ satisfaction levels. Toyota, as one...
The success of an organization depends on the management of the organization. Several factors are affecting the management of an organization to be successful. Some of these are described below. A healthy environment depends on the manager. Employee satisfaction and work performance depend on it. A healthy environment increases outputs...
In the article, Unleashing the power of learning: An interview with British Petroleum’s John Browne, the aspects of learning and knowledge management are highlighted as important in sustaining competitive advantage at BP. Basically, learning in an organization focuses on the individual learning context as a model for understanding organizational activities....
Evidence-based management is the scientific management of the company through effective planning and excellent execution of strategies into measurable results through the use of past, present, and future trends to create actual results. Evidence-based management facilitates rational decision-making among the executive managers since they will be empowered to support their...
Basheer committed many mistakes as the company’s Managing Director (MD). In the beginning, Basheer felt successful because his designers were receiving positive feedback from different customers. The company was getting new contracts, thus making it successful. However, Basheer decided to buy luxury cars. He purchased a Rolls-Royce Phantom for himself....
Nowadays, organizations tend to prioritize the importance of creating trust and support. Being a manager of the company not only implies communicating the mission to the customers but creating favorable conditions for developing a friendly atmosphere and trusting relationships with the employees. Overall, prioritizing friendliness has a positive impact on...
The control process is crucial for any company because it helps to stay confident that certain progress towards their goals is observed. Control includes appropriate planning, organizing, and leading. There are also four important stages that cannot be neglected including the establishment of the standards, the measurement of actual performance,...
The company’s leadership and management at the time of the case focus mostly on functional areas of HR, such as training, development, and performance appraisals. All new employees of the company receive training from their superiors, and, over time, they have an opportunity to move to leadership positions if their...
The organizational structure and employees are the main source of accomplishment and success of the company. They act as the sole players in the progress of the company. When the company gets so much from its employees, then the company should also play an important role in providing safe culture...
Julius Berger is a multi-national engineering organisation operating in the construction industry. The international division of Julius Berger is located in Wiesbaden, Germany, but the company also has large divisions in Nigeria, which is its country of origin. The company offers a wide array of services in engineering and construction,...
Julius Berger operates in the construction industry, meaning that the company’s functions are mostly project-based. Moreover, the success of its projects relies on the quality of construction, meaning that building is a critical process affecting the company’s success. Based on this information, there are several techniques discussed in the previous...
When it comes to adding other elements to a business plan to encourage potential investors, it is recommended to provide a description of a management team and include their previous experiences and accomplishments. This component may spark the interest of investors and lenders because they “feel the quality and experience...
If a company is the source of the business it owns, then the managers and supervisors are the backbones who work with their full potentials to carry out the maximum output from the employees to achieve the set targeted goals of the business owned by the organization. According to my...
The Road and Traffic Authority (RTA) is providing more public utility services and the stated objective of knowledge management initiatives in RTA is to make the organizations’ functioning more effective so that it becomes better and error-free ‘record keeping’ for the public at large. But on the other hand, the...
The fact-finding stage in the Systems Development Life Cycle plays an extremely crucial role in the success of the overall proposed system. There are several fact-finding methodologies that can be employed. Usually, covering the current and historical requirements, interviews, questionnaires, prototyping observation, and Joint requirements planning (JRP). Incomplete requirements definition...
The continuous improvement of services provided to clients is one of the major aspects of modern organizations’ functioning. Under these conditions, total quality management (TQM) becomes a potent tool that helps managers in different industries satisfy customers by creating a customer-centered value and culture and monitoring the quality of provided...
The implementation of TQM is one of the central factors needed to enhance the performance of a particular unit and ensure that it provides high-quality services to its clients. Unfortunately, the process might presuppose some barriers and resistance to change from the personnel deteriorating the outcomes and preconditioning the incentive’s...
The four conflict management styles are competing, avoiding, accommodating, and problem-solving. Competing, defined by high problem-solving needs and low relationship needs (also known as “my way or the highway”) is a type of conflict management that trends towards being very ineffective, though it has its place particularly when the conflict...
The country’s management evolution stages provide an opportunity for HQ managers to consider options that foster the successful expansion of KFC-J operations in overseas markets. If I were Weston’s administrator in HQ, the appointment of individuals with great entrepreneurial capabilities would be my first option to consider. The entrepreneurial spark...
Project management is usually defined as the application of tools, skills, knowledge, and techniques to facilitate the effectiveness of project activities required to meet project goals. Project management is used to prevent delays in projects and ensure that all goals with regard to quality, costs, and functions of the end...
Various studies indicate that there are four characteristics that are in demand within a technology-oriented enterprise, namely: high market responsiveness, fast developments, low cost, and, finally, high levels of creativity, innovation, and efficiency. What must be understood, though, is that such characteristics are dependent upon the type of technical teams...
The Scientific Management School and the Human Behavior School highlight fundamentals of communication within an organization. The Scientific Management School emphasizes chains of command, division of labor, and organizational design by assuming that organizations can be developed and designed rationally. Fredrick Taylor stated four essential elements, namely selecting workers carefully,...
Environmental Management System (EMS) can be projected as the control and management of various factors that have direct or indirect effects on the atmosphere of an organization. An organization is constantly affected by negative or positive events, which in turn affects its growth. The internal factors or internal environment forces...
Portfolio management helps in profit maximization, supporting the business’s strategy, and providing a balance. The senior management team in every business has the responsibility of managing a business portfolio. Boston Construction Group (BCG) decided to introduce a portfolio for business units as a way of boosting its sales and for...
Though knowledge management as such required both organizations to tap the knowledge and vast amount of information, the definition was quite different for both of them. For Frito Lays, the data and information was gathered mainly from the sales team and the performance indications of the company and the salespeople....
For any project to be completed successfully and with the least bottlenecks, a project manager is required. The project manager is the person given the responsibility of ensuring that the set number of activities are successfully completed to the required standards, within the projected time, and within the allocated budget....
One of the examples is a continuous transformational change in BBVA, a famous American bank holding company. The essence of this change was to incorporate agile methodology techniques and improve their daily business activities. Sector-specific drivers (a financial sector) led to the necessity to consider change as an option for...
Introduction Modern companies face numerous challenges because of the growing diversity of clients’ demands and the fierce rivalry peculiar to different spheres. Under these conditions, the improvement of various aspects of firms’ work is viewed as the key to generating a competitive advantage and creating the basis for future rise....
The cycle approach to management is where the structures put in place are respected and used for reporting performance, managing and controlling alignment, and improvement of performance. The firm should also strive to align itself by aligning its departments, planning with strategy and resources with their maximum utilization. These ensure...
The underlying assumption of a project management is that the composition of a project management (PM) team must reflect the needs of the project. Such needs typically change over the course of the project’s life cycle. Moreover, project members may enter or withdraw from projects due to various natural reasons....
The qualitative research method has been used in investigating cultural and social phenomena throughout the 20th century in disciplines such as anthropology, education, and sociology. Within this research methodology, there are a number of established and systematic approaches to research, such as a bibliographic study, conversion analysis, case study, discourse...
A risk can be measured through assessment and/or comparison components. Risk assessment is a key component in the measurement of risk in crisis management. It entails a thorough examination of potential situations, processes, and/or things that can cause harm, especially to human beings and their immediate environment. For instance, sudden...
The key components of a disaster management model include strategic planning, hazard assessment, prevention and mitigation, preparedness, response, and recovery. Strategic Planning Strategic planning is a description of definite objectives that can be executed and evaluated with a view of improving a business. It helps in forecasting business trends in...
Although the concepts of leadership and management are related, one should note that there are differences between them. The end goal of both leadership and management may be the achievement of the company’s goals and high-level performance among employees; however, the approaches pertinent to each of the concepts are not...
Management success at BMW is greatly rooted and attributed to the uniqueness that the world market leaders in luxurious automobile manufacturing and marketing continues to exhibit. In fact, much of the celebrated success at BMW is perhaps drawn from the purely entrepreneurial culture that is seldom among organizations in Germany....
This is a systematic managerial process that enables organizational managers to effectively engage their employees in productive and efficient techniques. The whole process is therefore aimed at ensuring that the employees efficiently contribute to the realization of the organizational mission and objectives. The main idea here is that the managers...
The performance management ensures that the employees are fully integrated into the activities and planning processes of the business which in turn motivates them to even work extra harder. The inclusion of the employees into the whole process enables businesses to enhance efficiency in their production. Considering the crucial role...
At the managerial level, ethics crosscuts individuals and organizations. Ethics are presented as a code of conduct. As a matter of discipline, knowledge of ethical demands may be distinct to real-life activities done or control systems of the organization. Arguably, this is because the ethical norms do not cohere with...
The running of an organization in today’s world has taken a steady direction. I do agree with Fayol that principles of management are influential for prosperity. With the division of labor to optimize service delivery, the national chamber of commerce and industry has centers that have been departmentalized. These have...
Critical refers to the ability to make right t and correct judgments out of a claim with the aim of determining the truth. A critical thinker is someone who has the capacity to make the right judgment in the course of the determination of truth in a claim. They form...
Sustainable management process Australian fashion retailers can take advantage of the sustainable “product management process” and product development to improve their business. Fashion design and garment development are subject to seasonal changes in the market, which correspond to customer needs. Australian fashion retailers should therefore strive to match their product...
Product development for various fabrics is made through processes that are market-based and reactive to the actual information in the market. Based on findings of market research, new products are developed in order to respond to the actual need and demands of customers. Fabric designers and commercial designers meet periodically...
PAMS is a very useful tool for assessing personal management skills. Those used in the handout are very good indicators to harness information from the responders. Nevertheless, some improvements could be made to these handouts (both associates and personal versions) in order to achieve better results. The first critique would...
Management refers to the process through which an organization organizes and distributes its available resources efficiently and effectively to meet the set objectives and goals. The authors further contend that a management system is deemed effective if it efficiently leads, controls, plans, and monitors all the activities and resources of...
A project management office is a department within an institution with the aim of maintaining the standards that are directly related to project management in a specified organization. The mission of the project management office is to set standards and provide new economies that are vital in the process of...
Several businesses find themselves steadily experiencing changes. This happens due to the pressing need to respond to the pressures from the business environment. There are ever-increasing pressures due to the constant rise in international business competition and other additional business drivers. Some of the drivers include the emergence of new...
Leadership refers to the attribute that enables people to inspire, motivate, and guide a team of other individuals who are directed by a common objective. Indeed, it is also viewed as a function of guidance and offering direction for others to follow. Importantly, a leader is expected to use listening...
Since the effectiveness of project management is usually judged based on project success, there is a number of essential principles that must be followed. First of all, it is crucial to create a comprehensive project plan that would reflect every aspect of the proposed project. These aspects should include cost,...
Operations management is an essential aspect of any business because it helps to improve various processes to achieve better performance. There are two types of techniques in operations management: analysis and improvement. Tools and techniques used for analysis aim to identify problems and assess their causes, and thus, they assist...
The Charleston Copier rehabilitation facility is affected by various operational and managerial problems. Most of the problems are resulted from lack of regular supply of the copiers from distributors. From the investigation we understood that the arrival of the copiers from distributors through out the country to the facility centre...
Introduction In this interview, Mr. Mark Romney was the interviewee; Mark has a Bachelor’s degree in Project management. Currently, he is the project manager at Educate Future Environmental Stewards, a non-governmental organization based in Florida. Prior to this job, he had worked in the same capacity for several other organizations....
Business Risk Factors Response Possible Effect(s) on the Audit What are the entity’s major sources of revenue and what is the nature of its products and/or services? The major sources of revenue are sales of computers, software, mobile communication and media devices. The company nature of the product is the...
Lime Scooters is a transport company headquartered in San Francisco, USA. It provides electric bikes, standard pedal bikes, and other vehicle-sharing products. The corporation is considered one that cannot match the worldwide guidelines for its operations. They provide an enjoyable, low-cost vacation alternative but are utilized chiefly by young, wealthy,...
Introduction The performance management process is a detailed step-by-step process by organizations in defining, assessing, and simulating performance among employees to improve organizational performance. Therefore, each step of the performance management process is critical to preventing poor performance among employees and promoting excellent management practices. The performance management process involves...
Key performance indicators (KPI) are the crucial characteristics of success in any business, including property management. There are several of them, and they all provide successful performance for any company. Though there exist several classifications of KPIs, the most common ones include the following nine indicators. They are tenant satisfactory...
The five variables to address in an expatriate performance management system For McDonald’s as an international corporation, the following expatriate performance management system variables are important: Expatriate goal setting; Expatriate performance appraisal; Expatriate training and development; Expatriate performance-based pay; Expatriate feedback. The elements within each of the five variables In...
Scientific management consists of four distinct components. The first is the valuation of a work process from an investigative point of view. Second is the allocation of appropriate employees or resources to the task. Third, providing employees with training, tools, and incentive to take on the task. Fourth, the use...
Even though the Coca-Cola company is already involved in global cross-cultural management and demonstrates great results and engagement, it is necessary to make sure that its leaders are aware of the best practices to avoid or solve conflicts. Therefore, a special program to train the leaders to build trust and...
Introduction Diversity management is the process of seeking and resolving tensions in collectives where various social groups are present. Those groups can be distinguished by race (for example, Black or Latino), sexuality (various representatives of LGBT society), cultural and national background, gender, and social class. Tensions between them are usual,...
Introduction There are certain concepts of how the workplace atmosphere shall look in contemporary companies of different types. However, it is common for some employees to act in another way than social norms and workplace rules dictate them. Thus, Bennett et al. (2018) define workplace deviance as “voluntary behaviors that...
The selected organization of interest is Berkshire Hathaway, which is a holding company. There are 14 key Fayol’s principles, which include division of work, authority and responsibility, discipline, unity of command, unity of direction, subordination of individual interest, and remuneration (Rodrigues, 2001). The framework also involves centralization, scalar chain, order,...
In management theory, the strict conceptual distinction between management and leadership deserves special attention. This essay provides a critical analysis of the two concepts. Of primary importance is the recognition of the severe differences between leadership and management, based on the critical core of each concept. Thus, according to Hughes,...
Design Thinking is a way of thinking that helps improve, modernize and find new creative business management processes. This concept is independent of the design discipline and offers opportunities in the process and additional tools. One of the characteristics of Design Thinking is using “abductive thinking,” which involves new perspectives...
Today, enterprise resource planning (ERP) and customer relationship management (CRM) tools are vital for a successful business. ERP helps to integrate data from various company departments into a single system, allowing personnel access to up-to-date information (Perkins, 2020). Meanwhile, CRM tools provide opportunities to trace and analyze customer interactions to...
In summary, this paper focuses on the management control systems that help organizations avoid financial losses. Teach assistants’ (TA) responsibilities include a variety of duties that cannot be measured or calculated for the purpose of accurate salary calculations, such as responding to questions and emails. Hence, this paper explores the...
It is hard to disagree that modern generations are eager to rule the world and desire to prove themselves even before college graduates. Few of them can admit that they need additional knowledge and skills. Though having self-confidence is incredibly important and beneficial, being extra confident can sometimes lead to...
The chapter discusses the notion of privatization in its relation to public human resource management (PHRM). Battaglio highlights the pros and cons, challenges and opportunities of privatization in the context of PHRM, as well as laws that affect it. Privatization can be beneficial and cost-reducing but public sector employees should...
Introduction Since 2007, the real estate market has experienced unprecedented conditions characterized by busts and booms. The market volatility and liquidity crisis resulting from the 2007 property market followed by the increase in property values before the crisis, led to a significant fall in property markets (IPF 2009). The real...
Introduction Management is very important in every organization since it is the main determinant of a firm’s success. The management practices are ways in which an organization interacts and manages its workers when making decisions. Good management practice is one that motivates its employees and creates effective operations. In fact,...
Introduction Activity based management (ABM) may be described as a system that embraces and implements the application of costs on activities and processes in an organization with a view of achieving the managerial role of customer value and profit maximization. Basically, the system relies on the activity based costing (ABC)...
Introduction To begin with it should be stated that the increased levels of globalization the role of global services and the supply chains of these services has increased essentially. The improved service supply chains is originally aimed to decrease the costs of service procurement generally by outsourcing the skilled labor...
Introduction Many organizations have developed expansive IT departments in recent years as a direct result of rapid changes in information technology. There have been revolutionary changes in the way corporations, businesses, and people communicate because of the IT revolution. IT departments can no longer be in the background as support...
This paper primarily targets to analyze an article devoted to the concept of Open Book management. Since the beginning of the century, this idea has been implemented in the management of enterprises all over the world. Within the complexity of the modern market, it is necessary to recognize the competitive...
Introduction Supply chain management is the control of material supplies to a company and finally to the end customer of manufactured products. It takes the form of forwarding logistics, reverses logistics, inward logistics, and outwards logistics. The main goal of supply chain management is to develop a good relationship across...
Application of HRM Practices in a Work Environment (P7) One of the key practices in human resource management is employee training and development. This management tool ensures the worker is properly trained and has the necessary skills in order to perform to the top of his or her capacity. For...
Introduction Every day a huge amount of information surrounds us, and sometimes it is difficult to select what is necessary from all this flow. Of all the information received during the day, most require verification or clarification, which means it may turn out to be false. Filtering the incoming data...
A group of people involved in everyday activity and connected by the same goal might be called a team. Therefore, the team assessment, according to the five dysfunctions introduced and discussed by Lencioni (2006), might be applied to any situation involving such a group. In my life, I am interacting...
The development of Oversea-Chinese Banking Corporation (OCBC) represents a long way from working with small sellers to become one of the the most influential financial services groups in Asia. The critical element in this success story is allotted to the skill of selecting and grooming human capital, the view on...
Organizational Benefits of Software in Human Resources The rapid development of technological solutions implies their extensive use by present-day organizations. This tendency seems to be quite positive from the perspective of its outcome for different areas. Thus, for example, in relation to human resources, the adoption of new programs by...
Quality improvement has always been one of the main objectives of a business irrespective of its size, origin, or speciality. Furthermore, statistical quality control (SQC) is a significant phenomenon when it comes to quality management. Jacobs and Chase (2014) argue that SQC is a set of techniques that are used...
Introduction Depending on personal experiences as an overall packaging-based designer for an executive cosmetics firm, I have witnessed how much time and resources companies put into producing recyclable packaging. However, the question remains as to whether recyclable-based packaging gets reused. Or does it end up in designated landfills, where it...
Introduction The SunRice Group is an Australian food group comprising multiple businesses, assets, and operations across Australia, New Zealand, the Middle East, the United States, the Pacific Islands, and Asia. SunRice’s (2021) portfolio of 35 major brands present rice foods, gourmet, ‘free from’ goods, and animal feeds. SunRice’s (2021) future...
There is no doubt that technology has radically changed the way businesses operate. In a changing world where automation has become the standard, technology has aided in making things more efficient and reliable (Orhan et al., 2021). However, technology is not devoid of challenges for employees and contemporary organizations. Technological...
Introduction The importance of a functional department to an organization determines its creation. For a long time, procurement was seen as the firm’s transactional unit. However, several companies combine procurement with cost reduction and supplier management (SCM) to improve competitiveness. As a major brick-and-mortar and online retailer, Tesco Plc has...
Introduction In recent decades, the level of environmental awareness among the public has increased significantly in relation to different sectors, including the healthcare industry. The health care expansion effect has led to increased hospital operations and increased sensitivity to Hospital relatedness to sustainable management, among other environmental-related concerns. These changes,...
Managing multinational corporations (MNC) is a complex process requiring profound knowledge in administration. Moreover, one needs to accomplish a list of objectives to be a successful manager. These goals include developing strategies and risks assessment since international cooperation is connected with several hazards. This paper aims to analyze the essential...
Today’s government is contracting and acquisition organizations need good governance, which requires specific skills and knowledge. This paper describes three concepts, which are contracting management, logistics, and reverse logistics. These programs contribute to better strategic project management decisions and, if successfully applied, lead to improved return on investment for the...
POLC Planning is the first step in any project since organizational goals and means of achieving them are established in this initial stage. In general, planning in management is divided into two fundamental approaches — planning for the possibilities and planning for coordination (Emblemsvåg, 2017). The former approach forecasts potential...
Interview on Management Does your interviewee have a favourite manager that they have worked with? His current manager is his favourite. Ask for an explanation of why this manager is a favourite. He has a macro-management style, very hands-off. He hired me as a project manager; he trusts me to...
The role of manufacturers in the supply chain is typically seen as restricted solely to production. However, the specified understanding of their function within the scope of the supply chain management (SCM) could be interpreted as reductive since it does not provide the full extent of the nuances that manufacturers...
This company’s production process of cookies is fast and straightforward due to the high level of automation. As soon as the management department places the orders, the required quantity of cookies is entered into a computer, which calculates the needed ingredients. All components are automatically delivered to the mixing machines...
Starting an event venue requires planning and consideration of key factors that would impact the business. In many occurrences, people tend only to consider factors such as capital while sidelining other equally important aspects. While the monetary aspect is central to owning an event venue, other factors, such as time,...
Leadership and management are two roles which are essential for the success of any company. At the same time, they must always be taken as a whole since management and leadership greatly complement each other. Essentially, managers are tasked with making the ideas of leaders a reality and executing their...
John Schnatter is the founder of Papa Johns’s, one of the largest pizza delivery chains. The origin of the company dates back to 1984, and ever since, the business has managed to skyrocket and gain support from many customers on a national level (Kinicki, 2020). However, while the organization gained...
Diversified companies generally have two levels of strategy, including a competitive and corporate strategy. By developing a competitive strategy, the organization aims to win a competitive advantage over its competitors in all fields of interest for the company. At the same time, corporate strategy relates to such significant questions as...
Introduction Providing a reliable supply of clean and potable water is inevitable in any given municipality since water is essential for both domestic and industrial uses. The community has constantly complained due to the municipality’s inability to avail people of clean and potable water, thus hindering the community’s needs. This...
