It is common for businesses to have specific issues or severe situations that require increased attention and need to be addressed carefully. In order to do that, the company’s team may have to learn the core cause of this problem and think of the best steps to improve the situation....
Effective project management is one of the most important aspects that enable an organization to achieve its goals. The main project organizational structures include functional project chains, pure project organization structures, and matrix project networks (Cristóbal et al., 2018). The functional project structure is majorly utilized by entities that have...
Business growth requires relevant management strategies to solve problems and improve performances in complex and competitive environments. The paper, therefore, selects Marriott International Incorporation to discuss the managerial functions and approaches to dealing with issues and strategic recommendations necessary to improve the organization’s operations. The managerial functions in organizations include...
The assessment of the productive divisions should be based on criteria that take into account the difference in the size and quantity of assets of each of them. CEO of Game Products, Inc. offers fairly effective criteria for assessing the performance of divisions (Chapter 5, 2020). First of all, the...
Management theories remain one of the most effective tools surrounding leadership strategies in most organizations. Despite technological improvement, human efforts remain significant since machines have proved incapable of completing some tasks. Therefore, in light of the complicated nature of human beings, proper theoretical and practical guidance is deemed necessary to...
Introduction There are several essential concepts that need to be addressed within organizations that aim to be successful. Managers have to focus on maintaining a strong team spirit, creating a motivational environment, and listening to the employees’ needs. All these concepts are designed to increase productivity. In order for an...
Regression analysis is a widely used statistical tool that helps determine correlation, that is, relationships between variables. In a more straightforward form, this analysis measures how much some factors or events affect others using available data on them. Variable, which is calculated by a regression analysis called dependent, and variables...
Introduction As a specialist in transportation and logistics, I am interested in what elements are vital for effective supply management. Before reflecting on the topic and formulating my position, I decided to do some research. The main keywords I used while searching for suitable sources were “logistics” and “supply.” I...
Profit No matter what the goals of the company, unless it is a non-profit, it must consider satisfying the shareholders and paying the employees’ salaries. In the Triple Bottom Line system, the profits are concerned not only with the maximizing the monetary gain from the products and services but by...
Introduction Organizational management is a rapidly evolving field of professional human activity due to its unique mixture of interacting human factors and precise numerical data. Team management becomes more complex and nuanced yearly, and old leadership theories become outdated and less effective. Kunnanatt (2016) notes that “modern organizations have become...
I believe that companies need to seek the middle way, which will help to utilize the advantages of all the countries and minimize the tension inside the organization. Living by the dominant culture in the world of globalization appears impossible, as the organizations are managed differently in all parts of...
Little’s Law state that the average number of customers in a stationary system (L) is equal to the long-term average effective arrival rate (λ)multiplied by the average time (W) that a customer spends in the system. It is represented by the following formula L = λ x W (Hendijani, 2021)....
“The adoption of an individualized approach to the needs of all stakeholders appears to be one of the most beneficial ideas of Business Name over the past decade. It will boost the productiveness of its managers, who can keep in touch with all interested persons while not being distracted from...
Introduction Management is a dynamic process through which companies design remains to facilitate organizational goals. Walmart is a multinational company that runs various grocery stores, hypermarkets, and other departments while utilizing the four managerial functions in its operations. The organization is successful in the retail industry through facilitating administrative functions...
Since Red Clay Renovations is currently promoting the «smart home» and «Internet of Things» technologies in residential buildings, information security is crucial for the company’s executives. Automatization and electrification of household processes require large amounts of information to be stored in databases. Therefore, the company possesses the clients’ personal information...
Celebratory practices are essential for the success of any business organization in effective change management. It increases intrinsic motivation and focuses on the process and efforts instead of outcomes and results. When people are intrinsically motivated in effective change management, team members are more likely to engage in their duties...
Introduction In the Bible, Luke 6:27-31 is also known as the Golden Rule because it advocates for people to be loving, respectful, and develop a caring virtue for one another. In addition, the Bible says that we should always love our enemies, do good to those who hate us for...
For proper assimilation of the material, an individual needs both a theoretical basis and reinforcement of ideas with the help of relevant examples. To my mind, some of the basic cost terms that are provided in the chapter are difficult to understand due to the shortage of the detailed embodiment...
The first component to be considered is power distance, defined as society’s attitude towards the inequality of the society’s members. Thus, the higher this parameter, the easier it is for people to perceive the hierarchical structure. This is the situation in Algeria since this country’s level of power distance is...
Introduction Ensuring the safety of company assets and creating a favorable corporate environment is largely achieved through an effective internal audit. In the near future, the preparation of an internal audit on the employee use of company-owned laptops will be completed. This process requires setting appropriate goals, involving stakeholders, planning...
Introduction Creativity is the ability to generate new and valuable ideas that may be useful in solving problems. At the same time, innovation is the practical process of implementing ideas to improve their product, service, or techniques to compete with other organizations in the marketplace. The innovation of the wheel...
Transitional management is an essential procedure that can ensure the company’s efficient development. The different cultural peculiarities and behavioral patterns can contribute to successful business management. Analyzing the helpful guides and cultural differences of the territory the company is planning to work with is vital in establishing sufficient communication. The...
Business stakeholders include investors, workers, suppliers, customers, as well as communities, and government. The Triple Bottom Line is a theory of corporate social responsibility, which assumes that the company is a member of the moral community and bears social responsibility. This theory has three components: economic, social, and environmental sustainability...
Cross-cultural gaps are a common element of workplaces that involve foreign contacts and partnerships. Acknowledgment of cross-cultural gaps provides a strategic advantage and fosters effective communication within an organization or partnership. Even though there are certain types of cross-cultural gaps, they are not perceived as absolutes and allow variations to...
Introduction Empowering leadership is new. Empowerment is shared leadership. Correlation between leadership and job satisfaction is essential. Job dissatisfaction affects tourism sector. Relevance of leadership attributes to tourism sector. State of Research and Hypotheses Minimal focus on leadership in tourism sector. Leadership Factor 1 – Leading by example. Leadership Factor...
Timbuk2 manufactures and sells two specific product categories, such as messenger bags, which are customizable, and laptop bags. The customizable messenger bags have represented the primary source of revenue for the organization, with several factors driving their popularity and sales. For example, the bags are unique to the company and,...
It is hard to disagree that almost all businesses depend on the level of their customer satisfaction. If clients are happy with the service they receive and the quality of goods they purchase, there are more chances they will return to the company and become regular customers. Additionally, they are...
Introduction I-Train-U consultants were contracted by the prison to train its over 200 full-time correctional officers, and their contract is coming to an end. The prison decided to review the costs, benefits, and effectiveness of the training, with a view to either renewing the I-Train-U contract or terminating the contract...
The journal article investigated how to identify the number of unsatisfied clients during service delivery. It develops and applies analytical methods for automatic and instant analysis of the data recorded. Through machine learning models, unhappy customers were evaluated from sample data of 1584 IT cases that were actual service incidents...
CustomInk is a private company working in customer goods retail: it produces and sells clothes with custom prints. The company succeeded in the developed and mature market and proliferated from 2000, becoming the largest company in customized clothing. The main reason it succeeded is a substantial competitive advantage created by...
Working as a team requires collaborative effort towards achieving the project or set task. Realizing a group’s efficiency and effectiveness largely relies on how the group perceives the common set goal. Highlighting member commonalities achieves satisfaction in team members resulting in working more efficiently together. With teams having high levels...
The modern world is associated with the digital revolution, which transformed how people interact and the media through which this communication happens. This shift towards different media has changed how non-profit organization interacts with volunteers for their projects. Therefore, a non-profit manager must be able to adequately represent the organization...
A highly competitive business environment requires companies to develop, primarily by acquiring various innovative approaches and cultivating a conducive corporate culture. The organizations that place the learning of their employees at the cornerstone of their strategies and care for their professional growth ensure resilience against numerous internal and external challenges...
It is common for companies and organizations to develop standard costs for their services and goods in order to then prepare their annual budgets and estimate revenue. The difference between the actual and budgeted revenue is known as the revenue variance, and this concept is rather essential for companies. The...
Client engagement is vital for the success of every business. It involves several skills, strategies, and sequential processes that the customer engagement practitioners carry out. Customer engagement improves and supervises the relationship between the customer and the company. The customer-company relationship is important in ensuring the customer is satisfied and...
This literature review examines the article «A study on stress management and coping strategies with reference to IT companies» by Shanthi (2016) to determine the benefits of stress managing programs in organizations. The problem of workplace stress is exceptionally widespread, and there are examples of improvements in some companies around...
Women are significantly underrepresented in international management, and they form a small percentage of expatriates. There are many justifications presented to explain the gender difference in this field. One argument claims that women are less suited as expatriates because they will encounter more challenges than their male counterparts in business...
Risks to overcome to be successful Drivers: If Uber increases its profit share deductions, the number of disgruntled drivers could skyrocket. Drivers may be required to carry healthcare insurance as a result of recent legislation mandating it. Competitors: Uber’s business model is comparable to that of Lyft and Ola, an...
In my opinion, the 360-degree strategy could not be implemented in the call center’s environment for several reasons. First, the structure is comprehensive and includes multisource feedback covering customers, subordinates, peers, suppliers, and supervisors (360-degree feedback, 2021). Although it provides detailed information about the organization’s performance, it could be time-consuming...
Introduction Financial sustainability is the ability of a business entity to finance its operations within its set budget estimates. Finance is all about management of funds and money. The management of an organization has to carry out the activities of origination, marketing and management of cash through various capital accounts,...
Certification of professional human resources (HR) is one of the excellent possibilities to improve professional growth as it may be necessary for civilian abilities to improve military professions. It is due to the current link between this documentation and HR quality and is to the advantage of the company and...
An internalized project management methodology is one of the most workable strategies for implementing sustainable change and improving profitability in businesses. The Sherwin-Williams Company is a practical example of a business that endorses self-made project management methodologies to drive internal development and promote successful change implementation. Although businesses may employ...
Problem Statement When a company is faced with growing competition in the market, the notion of customer service becomes of paramount importance in terms of retaining clientele. Thus, in the case of MSB, numerous customer complaints concerning the quality and consistency of cleaning put the company at a considerable disadvantage....
Increasing profitability and achieving recognition among the target audience by fostering customer satisfaction are crucial goals for any for-profit business. Demand planning (DP), a set of practices for forecasting customer demand, is among the competency areas that promote success in reaching both goals. The purpose of this response is to...
Information technology (IT) refers to the use of computers and other electronic devices to store, process, retrieve, and send data. The term also denotes computer methods that make the processing of information simpler and faster (Bushati et al., 2015). It is an area that undergoes continuous growth as new technologies...
Managers on different levels should use performance management methods to maintain work processes and make them more effective. I worked several years ago in a company where I was a project manager and managed a team of writers and designers. Evaluation of the work performance of my team was one...
According to Turner (2019), only 13% of all employees are “highly engaged” in their work, and 26% are uninvolved. That is why the study of the factors affecting employee engagement is of particular importance and relevance. Kaaviyapriya and Xavier (2021) highlight such aspects in employee engagement as organizational-related (policies and...
Judging a corporation’s performance can be challenging for managers. In the contemporary business world, there are many different aspects of a corporation that are crucial for success, but performance metrics are found to be a useful supplement (Smith & van der Heijden, 2017). For example, a company cannot solely base...
Introduction My idea is to create a coffee shop based exclusively on ecological methods of preparation and recycling. This will benefit the community and serve as additional publicity for the business as it relates to the current popular trends in the sustainability movement. To start my business, I need approximately...
Social media management within a company is one of the most important aspects due to the great impact it has on the firm because of the great market available on the platforms. Uber and Ola are multi-national organizations in the transport sector that compete in the same market to acquire...
The issues with SNHU pet supply company stem from two basic problems – the inflexibility of traditional management approach and adherence to process schematics without considering their re-evaluation, and the lack of understanding of importance of said processes by employees. Using POLC (Planning, Organizing, Leading, Controlling) framework, it is possible...
The term leadership denotes different meanings to different people. In general, it involves the ability to influence other people usually followers, or subordinates. Therefore, a leader must have some form of authority. To exercise such control is not easy; a person should have certain qualities, such as integrity, empathy, diligence,...
When it comes to global expansion, it is essential for any business to analyze the success of its market in a specific country and explore the level of competitiveness. Overall, it is possible to suggest that the decision of Chocolate Bliss to expand in Switzerland is not strategically right and...
The most important aspect in the presented case in relation to customer relationship management is that it is necessary to constantly monitor reviews and complaints, as well as provide an adequate and timely response. Additionally, the video highlights the importance of using modern communication methods to track customer experiences as...
Today, many people think that the success of a product or a company lies in the strict approach of the owners: explicit calculations and presentations, permanent documentation of all processes. However, no one thinks that the essential thing in all this is creativity. Creativity is a process when new ideas...
The most important thing for me can be called a united and cohesive team. In my opinion, this is the most effective way of working together. In addition, group work with other people inspires us to achieve better results. This is due to the fact that the primary motivation is...
Introduction The modern global economy more than ever values talent and creativity over following the established routine. Therefore, it is crucial to pay attention to retaining smart employees. In many cases, when a company encounters a decline in performance, the root causes lie in issues connected to human capital management....
The efficiency of the use of scientific management in the 21st century is complicated due to the lack of relevant research on the shifts in business practices. According to the researchers, it is explained by the fragmentation of available knowledge as a result of the neglect of emerging conditions in...
Regression Analysis is a statistical tool used to calculate and comment on the relationship between two or more variables. Regression analysis allows the company to understand mutual connections between factors that affect their general performance. In regression, variables are separated into dependent and independent, which can be used by business...
For the analysis, the IT industry was selected, a company that provides Internet services, software, IT services, and the creation of an information product. Intangible services are the company’s focus, it includes working with online databases, search engines, and social networks. Responsibilities of the company are IT consulting and data...
At the heart of the leadership of people is the influence, i.e., the psychological impact exerted on them to change behavior. The potential or actual possibility of influencing others is called power. Submission to power means that the subject conforms their behavior to the requirements of its bearer, regardless of...
Job outsourcing strategies are an inseparable part of the growing global economy. Such strategies are beneficial for both the country of origin of the transnational corporation and for developing countries, which offer labor. Developed countries, including the United States, gain access to cheaper products with reliable quality, whereas developing countries...
The article focuses on the research aiming to provide evidence of Integrated Conflict Management Systems (ICMS) efficiency. The author studies the data from the healthcare institutions in the eastern US, where these systems have been implemented for eight years (Dunford, 2019). Specifically, they test how Conflict Management Interviews (CMIs) affect...
Good communication at workplace means that people demonstrate mutual respect and can both take the initiative or follow others’ ideas. Communication becomes bad when the involved parties refuse to listen to each other, push only their own side, and thus do not help the working process. Healthy communication between workers...
Supply chain flexibility has become progressively crucial since it allows businesses to better oversee their funds and resources while still meeting customer demand. Flexibility refers to a supply chain’s ability to recognize and adapt to any short-term problem. Changes in the business environment are causing the market to become more...
In an organization, individuals ought to interact and work together towards achieving a common goal. Organizational behavior includes the functioning, structure, and performance of the organization and its action. Managerial decision-making requires evaluation of what people are doing and how their behavior affects the organization’s general performance. It is easier...
Background A well-structured supply chain is critical to a company’s efficiency and profitability. However, each link in the chain is its creature, with its ups and downs and commercial realities. If one link breaks, this will jeopardize the entire chain. Kildow’s template outlines the many stages of developing and maintaining...
Evidently, the company experiences a shortage of office supplies vendors and requires to find new solutions for a long-term relationship. The previous vendors appeared to be unsuitable because they were chosen without a systematic approach. To resolve this issue, I suggest a system of vendor evaluation based on specific criteria....
Entrepreneur Nathan Tuckwell switched to mobile applications for small businesses that track all of the company’s financial movements and keep records. This software fully covers the information and analytical functions of accounting. The analytical function is similar to the information function. However, it includes a more profound analysis in all...
Established in 1992 and supplied with essential investments by Congress, the Defense Acquisition University (DAU) is an educational institution for the Department of Defense. It is controlled by the Office of the Undersecretary of Defense (Defense Acquisition University: About us, n. d.). Its specialization is “providing practitioner training and consulting...
Business process management is a fundamental component of any organization’s growth and development. Essentially, it defines the prepared and capabilities of a company to withstand the challenges during their exploration. The global COVID-19 pandemic caught many managers unaware and not ready for any such eventualities in societies. Therefore, the survey...
My research will examine the impact of social responsibility on the organization’s performance. Hence, for the sampling, I will have to select an organization, and the main criteria will be them having a Corporate Social Responsibility (CSR) strategy. I plan to survey the employees and use the company’s financial data...
The alternative to the traditional hierarchy-based management is the introduction of autonomous work units without formal supervisors, called self-managed teams. According to Brown (2011), the trends in organization development (OD) are characterized by decentralization and the shift in the decision-making authority from top-level executives to lower-level employees. Self-managed teams are...
There is a rapid growth of global organizational concepts and elaborating innovative management strategies aimed at being as effective as possible. The swiftly growing and expanding business world of today requires resource management, both human and material, to be placed on an absolutely different dimension. The introduction of e-business in...
Supply Chain Management (SCM) is a set of operations that facilitate the effective integration of suppliers, manufacturers, distributors, and sellers. Considering customers’ service requirements, SCM allows providing all operations related to the product with minimal costs. Within SCM, designing services are essential as they aim to implement a new product...
The paper “Service design for a holistic customer experience: A process framework” by Bellos and Kavadis (2021) is relevant to this course because the authors focus on the specifics of service design practices in the contemporary context. This course is based on studying the specifics of how the service design...
Leaders have to consider the impact that their behavior and decisions have on both the organization and its people. Hence, ensuring that the followers work in an environment that supports their performance and professional development is essential. From this viewpoint, servant leadership is similar to followership because a leader’s focus...
Sustainable development is the direction of development in which the social, economic, and environmental spheres are in harmonious interaction with each other. This concept has 17 goals, which will help humanity create a comfortable environment for current and future generations (Murray, n.d.). A sustainability report is a practice in which...
Logistics services that deliver goods are overloaded. Online marketplace Amazon.com has warned customers that Prime Now and Amazon Fresh services are in high demand. The reason was customer fears about the coronavirus. The retailer is observing an influx of customers; thus, orders are delivered more slowly than usual. Due to...
Can Companies Easily Develop Compensation Systems that Are Both Internally Consistent and Market Competitive? What Are Some of the Challenges to This Goal? It goes without saying that a compensation system has an immeasurably significant impact on the company’s growth and development. Compensation may be defined as employees’ rewards earned...
M&J Catering and Hosting will be a business initiative, which will be comprised of four major elements. However, one should note that an isolated and prefabricated business model cannot be integrated at its fullest without some form of preliminary testing and measurements. Therefore, it is critical for such an approach...
Introduction The luxury level of goods and services is designed to promote great pleasure and comfort that are difficult to obtain. In addition to functionality, they bring respect to their owner and determine the status of the consumers. Services of this level have a high price, often can be discreet,...
Shao, P., Li, A., & Mawritz, M. (2018). Self-protective reactions to peer abusive supervision: The moderating role of prevention focus and the mediating role of performance instrumentality. Journal of Organizational Behavior, 39(1), 12-25. Web. The present source deals with the effects of peer abusive supervision on third parties’ performance. Shao,...
Every person in the modern world has equal rights, obligations, and freedoms. Whether a woman or a man, a certain race or nationality representative deserves the same treatment, regardless of signs, criteria, or conditions. The laws must be observed and held accountable for their violations, and no one can enjoy...
Yvon Chouinard chose the leaderless management style for his brand Patagonia, which provides many advantages. He only accepts very independent and purposeful people in his team and then allows them to show creativity. The benefits of this approach are the development of flexible thinking of employees and openness to new...
JPMorgan Chase JPMorgan Chase Bank is one of the leading financial institutions in the United States. It has overseas branches in Europe, Asia-Pacific, South America, and Africa. With an employee base of 265,395 people and a total asset of USD 2.6 trillion, this firm is a dominant player in the...
Introduction Success necessitates leaders and change implementation Require thorough planning and employees’ involvement Success is assessed by organizational status Deliberate on improved approaches to success Perceive challenges as rivalry or opportunities Perspective determines their success or failure Prevailing Pressures Different pressures influence and threaten the organizational success Encompass transition to...
Leadership Theories Transformational Leadership Contingency Leadership Transactional Leadership History It was started in 1973 by James V. Downton and expanded upon by James McGregor Burns in his book “Leadership” in 1978(Steinmann et al., 2018). The concepts surrounding the theory were further expanded to include techniques for success measurement by Bernard...
The modern business environment is characterized by fast changes, and high competition forces organizations to seek ways to reduce direct, operating, and other costs in order to survive and thrive. For this reason, companies can adopt various methods such as Six Sigma, Kaizen, simultaneous engineering, and Just-in-Time production, to name...
In a recent city meeting, it was decided that the local government would build a new town hall using long-term bonds, intergovernmental transfers, and public donations. However, the administrators faced difficulties determining how the latter source of revenue should be recorded. For this reason, decision-makers were divided into two groups...
Name and Contact Information SCORE is considered the biggest U.S. network of business mentors. Nowadays, its mentorship is available at their website https://www.score.org. The Purpose for Using SCORE With their mission to encourage small businesses through education and mentoring, SCORE serves as a useful medium between business people and a...
In Personal Trainer, we are committed to providing a wide variety of sporting services, ranging from fitness and training programs to stores and food facilities. We aim at delivering the ultimate experience to our members in which all their fitness needs will be satisfied. We provide our employee’s career opportunities,...
Stephen Richards Covey is a wonderful person, a talented writer, and a high-quality specialist in the field of management activities. He is known as the author of publications concerning the issues of leadership and life management. Covey reveals people’s personalities, abilities, and qualities with accuracy and confidence. American specialist’s research...
Your experience as a multi-unit manager is a valuable factor, and your reasoning about the specifics of aggregate planning is objective. One of the important criteria mentioned is forecasting to ensure flexibility in work. You have noticed that buying and selling schedules are dynamic, and customer satisfaction depends much on...
Supply chain management (SCM) includes every process that the raw material goes through to be considered a “finished good” that can be sold to the customer. The supply chain consists of multiple interconnected actions, and the result is a product that is ready to be used by the customer. While...
Summary The success of a contemporary business largely depends on what data the company has and how it uses it. At the same time, ensuring their security and confidentiality plays an essential role in managing data. This assumption can be applied to companies of various types – some must protect...
In the context of strategic planning, the significance of total logistic costs cannot be underestimated, as it has a direct impact on the revenue of a business. This issue appears to be extremely relevant for the companies in the tourism field, as it implies a considerable demand for transportation, which...
The concepts of diversity and inclusion are not novel to 21st-century employers. By recruiting a diverse workforce and ensuring employees feel comfortable in an inclusive environment, progressive companies increase their workers’ productivity, performance, and engagement. However, having a diverse team does not necessarily reflect the organization’s inclusive climate. To foster...
A recruitment plan is critical to any company’s performance since it defines the roles that need to be filled. The strategy presents an opportunity for an organization to align its goals as well as skill gaps alongside staffing efforts to plan for the year tactically. Many companies fail to plan...
Organizational dynamics is a critical concept in human resource management and organizational performance. Over an extended period of time, patterns of interactions form between employees and members of an organization based on their workflow and other interaction. The ways that people behave alongside how managers execute strategic management to guide...
Incorporating a range of elements and influenced by a variety of factors, the process of product manufacturing can be carried out in several ways. The push and pull systems are traditionally mentioned as two key principles, according to which the process can be conducted. The push system is typically defined...
As a matter of fact, the majority of people involved in business and management consider leadership skills to be the most essential for any company’s growth and development. At the same time, a few of them genuinely understand the nature of leadership, its practical application, and its challenges. From the...
