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The retail industry of the UK has a vital role in the economy by providing 11% of jobs for the total workforce of the country. National Statistics demonstrated that the retail industry has a worth of £265 billion and pointed out as a flourishing sector. The integration of Information technology...
Business strategy of any company has influence on every aspect of the company. A business strategy determines whether a company would be successful in a particular market or not. A poor business strategy would lead to failure or make a company to be less competitive in a particular market. Coca-Cola...
It is possible for a trademark to become a widely used generic term, which becomes associated with either an object or activity and not with a company. According to experts, a brand name of any well-established organization or company has a regular tendency to become a generic term as time...
As the world markets change and businesses become more profit-driven, the levels or competition and the furthest that the producers are willing to go in order to gain an upper hand in a given economy seems to be boundless. This has led to the need for each country to determine...
Currency just like any other product has a price which is commonly referred to as currency. As with the other commodities, demand, and supply play a major role in determining its price by determining what amounts are needed hence facilitating their sale. Exchange rates are the values of which a...
Regardless of the role played in an organization, a leader should have the relevant emotional intelligence skills or competency in order to influence others towards the achievement of results. The strength of a leader lies in their ability to influence others and to achieve positive results. According to DuBrin, leadership...
Using employee-owned devices is associated with several disadvantages. The company might be forced to spend more funds on securing the current IT networks since different devices have different security protocols. Since each employee has his or her own taste on the kind of personal device to bring to work, the...
Organizations located in particular communities should contribute through socially responsible initiatives as they are responsible to their community. This is partially explained by the fact that a number of organizations are formed within their communities to accomplish particular aims set by them. It is also a frequent situation when organizations...
One of the big corporations that has an experience of successful implementation of responsibility centers is General Electric. The corporation comprises many sub-businesses, such as Technology Infrastructure, Energy, Home and Business Solutions, GE Capital, and others. Consequently, development of diverse business directions demands active investment. Thus, it can be concluded...
Outsourcing- transfer of ownership of a process from a buyer to a third party supplier is taking the world by storm. It is believed that much of the momentum was in the mid-1990, and most companies relied on outsourcing specifically as a planning tool due to its lower cost, performance,...
McDonald’s organization needs to develop its major sector in order to be absorbed by the global market in a more effective way. For instance, perfecting its relation with the foreign government of the countries in which its industry branches and restaurants are located can be achieved by creating employment opportunities...
It is important to protect a brand name, especially when a brand has served clients for a long. Consumer confidence in a traditional market cannot be ignored. Rebranding or transfer of production facilities or even acquisitions can quickly change consumer behavior. Consumers already know the effects of rebranding; Products are...
Over the last ten years, Netflix has built for itself a name that inspires trust among its customers. It is seen as an innovative company that is in tune with the latest technology. Netflix’s top strategic team is aware of its technological advantage and is actively working towards retaining this...
The video rental business is an extremely competitive business. Netflix faces stiff competition not only from the traditional brick-and-mortar video rental companies like Blockbuster but also from newer technologies such as “Video-on-demand”. Additionally, newer technologies are constantly becoming available, which poses a further threat. Under the circumstance, if Netflix hopes...
The results of the article “Leadership and Cooperation in Marketing Channels: A Comparative Empirical Analysis of the U.S., Finland and Poland” by Mehta et al. have shown a positive correlation between cooperation and productivity in Finland and the USA, which was predicted by Hofstede’s framework. At the same time, Poland...
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...
Determination of organizational performance One main impact that the employees will have on the organization is determining how it will perform business-wise. This is because it is the workforce that determines if the organizational goals are being achieved or not. A workforce that is disorganized and uncooperative will also produce...
I believe that my organization, Equity Bank, values diversity. This is because, despite many differences in religion, tribe, color, and gender, all employees are united in their service to the organization. This is shown by the fact that no employee is discriminated against because of their background or religion. Indeed,...
The main aspect of NFP organizations is not profit-seeking but to render service to the community. The aspect of profit-seeking is incidental and not the main essence of such a business. Professionals, in more ways than one, are more concerned with profits, turnover, meeting of corporate aims and objectives, and...
The concept of ethics is a branch of philosophy, and it is concerned with living well. More specifically, ethics is concerned with actions such as doing the right thing and establishing an environment that is conducive for all people. It is essential for a society to establish ethical practices that...
The terms integrity and compliance have become widely used within the realm of management in recent years following the consequences of lapses in various organizations around the world. To begin with, both integrity and compliance programs are set up with the aim of preventing illegal conduct within the organization. The...
Direct-to-consumer YouTube advertisement Advertising goods and services have never been a simple task due to the necessity to consider the specific characteristics of clients. All prospective buyers see products through the prism of their personal experience, and their situation can have a major impact on their consumer decisions. Companies in...
There are different management theories that are usually embraced by the two companies being discussed in order for the two companies to succeed. They all believe that there is a need for them to achieve their set targets. The roles and tasks of the human resource practitioners in all the...
The very development of Chinese markets might be planned as a progression: first, exporting finished products; then, exporting components; next, setting up subsidiaries; and finally, licensing, cooperating with, or merging with foreign companies. Marketing, therefore, requires aggressive and imaginative approaches in cultivating the markets, with the realisation that methods effective...
Balance of payment (BoP) involves an accounting system that endeavors to explore how two or more countries conduct their international transactions within a given duration of time. An international transaction between two countries can be recorded as a debit or a credit transaction. In a credit transaction, money tends to...
When comparing the wealth or living standards of a country with those of another country over a given period, economists normally utilize the Gross Domestic Product (GDP). GDP is a tool used to evaluate the value of goods and services produced in a given country. Economists have used the GDP...
Although the amount of analysis and planning involved in retail product management might appear vast, retailers should not underestimate the effects of consumer’s tastes on their sales turnover. Due to increased competition and development of interrelated products in the modern market, retailers have to increasingly focus on retail design as...
A retail firm wishing to expand its activities into the international markets is faced with numerous options for market entry. These options include international mergers and acquisitions, organic growth, franchising, joint ventures, in-store concessions among others. Franchising, a market entry mode often adopted by firms in the food industry such...
Rewards can be defined as things that motivate employees to work harder. Rewards and recognition are some of the ways that can be used to motivate employees into achieving the objectives of an organization. There are many types of rewards and most of them are associated with direct costs. However,...
The rise in the unemployment rate in the United States after the economic recession of 2007-2009 was severe and unprecedented. During this period, the unemployment rate rose from a low of 4.4% in 2007 to 10% in late 2009, which is higher than an average increase of 5.6% experienced in...
A factor of production in economics is a resource that is used in the process of production of goods and services. There are various factors of production, namely, land, labor, entrepreneurship, and capital. Goods and services cannot be factors of production in business as they represent the eventual result of...
GDP, or Gross Domestic Product, is one of the essential indicators determining the country’s economic health. The GPD is divided into two different types: real GDP and nominal GDP. For a better understanding of the global economy, it is necessary that one understands how both types are calculated and used....
Many people are interested in question when might be the best time to start saving for retirement, and the answer is as soon as possible. It is best to start putting aside from the first salary, since this move will increase the amount of money at the expense of bank...
Investing activities are investments and the implementation of practical actions in order to make a profit or achieve another useful effect. The most common examples are the purchase of fixed assets and investments, and proceeds from the sale of fixed assets and investments. Explanation: Investing activity is an investment process...
Summary “Valaskova, K., Kliestik, T., Svabova, L., & Adamko, P. (2018). Financial risk measurement and prediction modeling for sustainable development of business entities using regression analysis.” Web. Problem Summary The company sees the problem of organizational health and sustainability as one worth discussing. In particular, the longevity and risks of bankruptcy...
The first aspect which proves to be surprising is the culture of Asian countries, which differs significantly from that in Europe or the US and has influenced the development of economies. Many Asian countries have shown a significant level of growth over the past decades while they were not adhering...
As companies look to reduce their spending in order to deal with the faltering global economy, there has been a need to cut costs associated with personnel in any organization. New trends have emerged that are calling for companies to change the operations of human resource management in their companies....
People’s income dictates their spending habits. An example is people from the middle class. They always use busses to go to their places of work. If their class is elevated by an increase in income, they will opt to buy their own vehicles. This is a good example of income...
There are several methods that can be used to assist with the bank and corporate restructuring, the use of which depends on the interaction between the insolvency law and the regulated industry, the regulatory framework for the regulated industry, and the history of the regulation and administration of such regulated...
The economic problem is the scarcity of vital resources used to satisfy needs and wants. It can also be viewed as the wrong use of scarce resources in society. SteamScot is currently facing an extremely low demand for higher-value tickets. SteamScot has used all its resources to capitalize on its...
The non-price determinants are Government policies, population change, advertising, mechanization and computerization, other related products. The first factor that will trigger SteamScot to increase its price is the cost of maintenance, renovation, and expansion. SteamScot is currently planning to renovate its existing infrastructure. If the price of the materials necessary...
It seems reasonable to claim that taking a niche in such a beneficial location – near freshly opened ski fields – is quite a profitable option for a hotel. Keeping in mind that no rivals have occurred yet, there are a plethora of opportunities to develop a significant profit maximization...
Globalization processes have a significant impact on the conditions of national and global markets and their participants. With the development of digital technologies and the spread of e-commerce, the share of exports and imports in various states has increased significantly, and international transactions have expanded. These tendencies allow even small...
The term multiplier in the economy, in a broad sense, means a particular economic variable that, when changed, causes changes in other economic factors. At the same time, such a change can be multiple; for example, doubling of the multiplier may triple other factors. In general, this term is used...
Since time does not stand still, companies strive to adapt their marketing strategy to their activities as quickly as possible. Undoubtedly, the joint integration of traditional marketing solutions and modern digital technologies will help the business be more successful (Moore, 2021). This is because people have begun to use gadgets...
Modern economies are monetary economies, where money forms an essential factor in the day to day activities. We buy and sell things for money, borrow money, lend money, the taxes are paid to the government and the payments received are in terms of money. The institutions of money were not...
The importance of business ethics and its role in creating a rapport between employees and managers might seem as a self-explanatory issue that does not require additional introductions. However, with the current focus on increasing competitiveness, organizations may fail to pay due attention to the notion of business ethics. Therefore,...
The importance of the HR function is truly immeasurable for any company since it allows ensuring that the right people are assigned with the right job and that the workplace environment is maintained safe and friendly to staff members. Therefore, the efficacy of the HR function defines how prolific an...
Many of the factors manipulate how the interest rate is obtained to put in the market. And also it is extremely tough to find out these factors. The majority of cash is formed by way of personal loans. The main task of the Federal Reserve is to make induce to...
Yes, the prospects for changes in Federal Reserve policy will affect the decisions related to financing a purchase. The Federal Reserve (Fed) provides stability in the financial system of the country. It is the supervisory body of controlling the money supply in the country. It is the controller of all...
The principle stipulated by the Treaty of Waitangi has revealed that the British government entitles the Native Chiefs and Tribes of New Zealand with the rights to sovereignty and royal protection. According to the articles, expressing the principles of equal attitude to culturally diverse population can be assessed as one...
Owing to the idea that Wal-Mart strives to integrate the international market and to fix its position their, it also should encourage continuous changes within the organization. In this respect, the main method of adjusting to the new environment is enforcing the new technological and strategic management. Concerning technological advancement,...
It should be admitted that ethical framework of the company constitutes the biggest problem for the managers taking their problems with stakeholders and suppliers into consideration. Pertaining to company’s differences with suppliers, Wal-Mart is more concerned with reducing prices and maximizing the operational excellence thus shifting cost obligation onto suppliers....
Business risks are defined as those risks that can impair the cash flows of an insurer because of adverse economic conditions. These risks make it difficult for businesses to break-even in times of cut throat competition or in other words, it becomes difficult for the issuer of cash flows to...
The supply management put forward the role of purchasing as it enhances competitiveness and effectiveness in leading a business. Supplier selection consumes much time as it presupposes a thorough assessment of quality, cost, delivery system, facilities, elaborate logistics, and adequate finance, etc. Choosing the right supplier is a complex process...
To be a successful company, businesses should continuously improve the quality of their services and products. Quality of decisions is also critical – choices should be based on strong arguments and relevant data. Contemporary information systems provide a large pool of opportunities for businesses to enhance their decisions when choosing...
Small sized entity is described as that organization, in which there are 10 to 50 employees. Medium sized entities are defined as those companies in which there are maximum 500 employees working under same conditions. Corporations are considered as the highest level of organizations, which contain more than 500 employees....
Like any other market, for an international market to operate it has to meet a number of requirements that are agreed upon globally. These conditions are based on different sectors with most emphasis on political, economical, social and technological requirements. For instance, a fast food market will have to consider...
Johnson and Johnson is one of the world’s top pharmaceutical companies. Based in the United States it was founded back in 1886. The company was well known for its corporate governance and even received an award from the US Department because it had developed several programs funding international education programs....
Organizations do not have a responsibility to their community as they have their management and owners who establish their operating strategies and major goals to secure their efficient functioning. Their responsibility ends with employing its members, which is also one of the most important points in their operating for the...
The trends of 2017 seem to be relevant still, as 2018 has not passed yet. One of the most significant trends, as suggested by the Trend Watching website, is the virtual experience economy. The information, which is abundant in the digital world, slightly decreases in value and gives rise to...
The discussion presented will seek to identify and describe the use of the methods identified in the management of organizational change and productivity within the third world. In a report by Beach, Muhlemann, Price, Paterson, and Sharp, it was reported that the use of quantitative methods alone could not be...
Small businesses have certainly started to play an important role in the growth and development of a lot of economies in the world today, and they are becoming increasingly popular. The reasons for this are not particularly hard to discern. Growing firms provide significant benefits to regions, with job generation,...
The motive about whether to adapt or standardize international depends on a number of organizational issues. These parameters that define “depend on” in standardizing international advertisement include the need to reduce costs directly or indirectly related to advertisements, the presentation of a global brand to prevent consumer confusion when firms...
This is because of the understanding that the ability to understand the culture and leadership style of an organization determines to a large degree the capacity to understand strategic management of an organization. Organizational culture and leadership form two critical factors that impact strategic management and the path an organization...
According to Noori and Aslani, free cash flow (FCF) is a concept of measuring the cash flow of a business aimed to define the fraction which is available for distribution among the groups of stakeholders of the company such as its stockholders. Essentially, FCF means the fraction of cash flow...
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...
The 1970s relates to the postwar era that marked the end of economic expansion and consumer prosperity and setting in of the recession. The US experienced a bottleneck competition from overseas, which led to the decline of the American Industry. After the war, there was a rise in movements calling...
It is quite difficult to determine whether the strategies of this enterprise are planned or emergent. Such a concept as a planned strategy means that the policies, values, mission and performance standards of a company are settled beforehand, and throughout a certain period of time, this enterprise adheres to these...
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...
The price elasticity of demand of a commodity can change as a result of various factors. In this case, the factors that have been revealed to affect the price elasticity of demand of a product include the price of other related commodities, future expectations, change in tastes and preferences among...
In the context of the airline, internal audit refers to the careful assessment of the ability of the airline to expand to the new routes to the Middle East. This entails the careful examination of the resources at the disposal of the airline so as to establish whether they can...
The success of e-commerce for any given company majorly relies on the domain name. Online success or e-commerce, therefore, greatly depends on the effectiveness of the domain name because this is the mechanism companies use to direct their clients to their products and services. Domain names are, in simple terms,...
The Chinese government has few funds to invest in culture and education because of the financial burden of population growth, resource depletion, and environmental degradation. Although the physique and general health of China’s population are quite good, general education is less than optimal. Illiteracy rates had dropped from in 1964...
The entry of economic and monetary unions has transformed the whole of Europe into a single market with a common currency. This has recently translated into a trade bloc, leading to an increased market for the goods produced, free movement of labour, and creating a pool of trained workforce. The...
I do agree with the statement that organizational culture is a mechanism of controlling employee behavior. Being an important area of management and organizational studies, organizational behavior depicts the beliefs, attitudes, culture, and experiences that are emulated within an organization. In addition, organization culture is a collection of the norms...
International trade has led to the development of the UK economy, the opening up of other markets has led to rapid industrialization followed by advanced transportation bringing the global market into a near reach. We have multinational organizations coming up and their presence is felt heavily across the world. There...
Leadership is not about an individual but the entire group that is being led. Leadership is useless without having the people to lead. The success of an organization mainly depends on the channel of communication that is maintained by the leaders and their subordinates. Any major decision that is taken...
The prevailing economic environmental factor of an organization determines its profitability and ability to cope with future changes that come across. The social environment deals with people’s behavior and the community in general, the relationship of the people and the organizations, the available occupations, and the education level of the...
A good business must be the leader in its field; this is only possible through the best competitive strategies so as increase its span of market share. This means the company must be a leader in its field by developing the best business models that will propel the company to...
Perfect competition in a market can be practically perceived when firms realize that they cannot have a remarkable effect on the market price on their own. The resultant outcome of a perfectly competitive market is that the marginal cost would be practically equal to that which the customers would be...
The management of any organization should consider equally the interest of all shareholders by involving them in the decision-making process. This would benefit the organization because the stakeholders will contribute immensely towards organizational growth. Proper communication to all will enhance their contribution and motivation to the aspirations of the society....
The environment of an organization depicts how much it cares for it. This is achieved through procedures that reduce the environmental impact and develop mechanisms that will enhance the protection of the environment. It is achieved through partnering with other stakeholders while carrying out environmental investment through responsible utilization of...
Geographic Segments Geographic segments are majorly based on the typical attributes of the targeted area. One of the major segments is by region, which may sometimes be referred to as an entire continent. Regional segments in the global market are identified based on consumer tastes in different products and services....
The business field has been for a long time one of the most abused areas in terms of adherence to laws and regulations. Economists like Adam Smith argued that a free and competitive market will ultimately yield benefits for consumers and fellow businessmen. However, these ideas are not realistic since...
In some cases, in the organisation, there arise cultural barriers. In an organisation, effective communication of different cultures is not simple. Cultures of people depend on how they think, how they see and analyse the whole world. The behaviour of an organisation is closely related to the culture of that...
Organisations today have entered into a marketplace that is changing very rapidly. They have entered into a new world order where both opportunities and threats are of the same magnitude. But the golden rule to succeed is still remaining the same Darwinian dictum ‘survival of the fittest.’ The key strategy...
The year 1950 marked a new economic era in the UK where the economy was seen to grow at about 50% of the general growth rate of the other major competitors in Europe. During the period which extended to the early 1970s the purchasing power parity of the economies like...
To assist the governments to deal with budgetary shortfalls some decisions have to be made. I would increase the rate of cooperating income tax and even tax organizations’ shareholders on their dividend earnings. This is because their tax rates to the state are marginally quite low when the truth is...
Network effects arise from the fact that the value of a product is determined by the increase in the number of users. Network effects can either be direct or indirect; the direct network effects involve a lot of communication whereby the value attached to a consumer is considered high when...
The population of the UAE is expected to increase with time. The National Bureau of Statistics estimated that the country’s population would be 8,190,000 people by 2010. 71% of the total population is comprised of people aged between fifteen and sixty-four years. This comprises the productive portion of the population...
According to recent research conducted by United Kingdom’s Trade and Investment body, there has been an emergence of new international markets. Different countries have been identified as having the potential of controlling the future international market. Some of these states include the United Arab Emirates, Vietnam, and the BRIC states....
After the USA had entered World War I, most of the country was thriving. Since the war required a significant number of resources to be spent, the fast production growth took place in almost every part of the coasts where the bigger part of plants was located. This included Atlantic,...
According to Damodaran, country risk premium must be included in the discount rate only if the risks of investment may be diversified. For example, if one is investing in such countries as Malaysia or Brazil, they must evaluate the market risk. If the market risk may be transformed, the additional...
MBNQA EFQM was initially designed as a European equivalent of the Malcolm Baldrige National Quality Award (MBNQA). Therefore, it would be the only natural to suppose that TNT can meet the criteria for MBNQA at a similar extent; it meets the criteria for EFQM. MBNQA has seven principles, including leadership,...
The management report included in the company’s annual report for the year ended December 31, 2019, provides its assessment of various risks that affect ExxonMobil’s operations and profitability. The report indicates that the company’s business results could be negatively affected by adverse changes in interest rates that could increase its...
As noted by Mudel, there are six major factors that can motivate the use of creative accounting by managers. First of all, this can be desirable in order to meet certain targets that were established for the period. Some examples of such targets can be the expected values of sales,...
