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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...
Building Supportive Relationships with the Team As a team leader, it is my responsibility to make sure that the team works as a single cohesive machine, with each member being able to interact in both professional and interpersonal capacity. For this purpose, it is necessary to build supportive relationships within...
What surprised me the most about the definition of conflict is that conflict resolution is the removal of the severity of the conflict between the parties, which does not eliminate the causes. Conflict management is purposeful due to objective laws influencing the dynamics of the conflict in the interests of...
Emotional intelligence is one of the most important traits when working with people and leading a business. It is not always possible to independently assess one’s emotional intelligence level, so it would be right to resort to special techniques for assessing your emotional intelligence. After completing a self-assessment, I was...
Recognizing Individuals In an organization, recognizing the effort of individuals and making them feel appreciated is an important part of the management process and is a necessity for facilitating a healthy workplace environment. As a leader, it is partially my responsibility to ensure that every team member has the ability...
Introduction HR analytics is a strategic tool. Organizations use it to manage companies. HR analytics implies collecting data for further analysis. Data are collected through operational reporting, advanced reporting, strategic analytics, and predictive analytics. These are used to achieve the company’s goals Operational Reporting Operational reporting is a type of...
Jeanette’s negative influence on quarterly meetings’ duration and flow is evident, making other members of the clinical practice committee want to leave their current positions. As the department’s supervisor, I would try to resolve the conflict by organizing a one-on-one conversation with Jeanette to communicate the problem to her and...
Introduction This program is created to address the issues of sexual harassment at the workplace and issues of diversity. The facilitator of the program must not necessarily be an individual with special knowledge on workplace sexual harassment and diversity at the workplace; however, they must demonstrate credibility and respect towards...
OSIM Group is a consulting company that has been involved in several fields, such as finance, real estate, engineering, and more. The firm has worked effectively under the leadership of Dave Wright, President of the OSIM Group. In 1997, the OSIM Company was purchased by Shilo Investment Bank and the...
Marketing intermediaries refer to independent firms, including agents, wholesalers, and retailers, who play an assistive role in the flow of goods and services from manufacturers to consumers. They fall into four categories, namely brokers and marketing agents, wholesalers and resellers, distributors, and retailers (Kotler, 2016). Marketing agents and brokers link...
Transformations at the General Electric (GE) Organizational change is an inevitable process that any progressive organization must undergo to cope with new market demands. In the 1990s, GE was among the most valuable corporation in the United States and across the globe under the Chief Executive Officer, Mr. Jack Welch....
Purposes of the Book Alan Deutschman is professional journalist, writer and professor at the University of Nevada with vast experience. He worked in business-related journals such as Fortune and Wall Street Journal. He is also an author of a few more books on leadership, business and change. The book that...
Wendy’s has the following market segments: millennials and young professionals who see Wendy’s as a dinner or lunch option. The first market segment is millennials, who are consumers between the ages of 25 and 40 years old (Bollani, Bonadonna, & Peira, 2019). In terms of psychographic characteristics, Wendy’s has a...
Introduction The Walt Disney Company is one of the major mass media and entertainment conglomerates in the world. The company’s business is diverse and large-scale, preventing it from showing financial solid performance year after year. Besides, Disney is often referred to as a benchmark in its industry and is being...
Nowadays, it is hard to imagine a successful modern company that would not manage the performance of its employees. In this regard, evaluating workers’ productivity, determining skills that require further development, and providing necessary training are crucial administrative functions that ensure the high efficiency of business operations. Therefore, the current...
Marketing techniques Marketing is one of the most critical activities all companies apply, regardless of their sizes and directions, to communicate a specific message to customers in a manner that benefits organizations. Because of the significant number of competing companies in the global marketplace, marketers spare no effort in developing...
The Vidsoft triangle case depicts a situation where the interests of team members collide, causing a conflict. Even though the initial conflict involves only two people, the wrong decision may lead to growing tension affecting the whole group. The case takes place in a company called Vidsoft Technology, which develops...
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...
The technological shift which occurred at the beginning of the twenty-first century forever changed the way people consumed content and forced companies to adjust their marketing campaigns. New online platforms which attracted millions of users emerged, and businesses needed to expose these people to information about their products. For instance,...
In order to generate sufficient revenues from sales, a company has to target different market segments. As consumers vary by age, interests, income status, and other distinguishing characteristics, so should the marketing strategy adapt to the unique features of a group of customers. Modern technology allows using social networks to...
To begin with, intrinsic self-relevance is a factor that determines both factors that might influence the consumer’s choice: the product value for the customer and the results of interaction with this product. More specifically, it is the type of relevance that goes from the person and could not be influenced...
Commercial activities of the 21st century are characterized by an increasing emphasis on customers and their demands. Globalization contributes to the overall competitiveness across industries, and, in such circumstances, it is the final purchasing decision of consumers that determines the success of a business. Accordingly, organizations engage in the pursuit...
When a business is launched or is already operating, the enterprise owner needs to create awareness among people about the organization. Promotion is a significant aspect for any business to make its products known to the buyers. Whether operating online or offline, different forms of business call for a market...
The art of persuasion is of critical importance in commercial activities since it is often a question of making a profit to be able to convince the consumer to purchase a product that is qualitatively no different from the rest. Thus, most customers will always behave like bright packaging, strong...
Marketing Marketing for Olive Garden is a multi-layered process, as the restaurant has to cater to its loyal existing customer base while also expanding its read to new audiences. The company has long since relied on millennials and young audiences as its core demographic, as they are most interested in...
There are numerous ways of peroneal selection to a business structure. Wardell (2013) provides a 3×3 hiring method that guarantees to help recruiting the best candidates. He believes that finding an effective way of recruiting employees ensures productive work of a company in operational and functional ways. The 3×3 method...
Nowadays, the field of analytics is evolving to change the companies’ work in the future. Notably, more organizations and firms decide on competing using and implementing analytics in various business areas. Davenport and Harris divide the upcoming analytics technologies into three core groups, such as “approaches driven by technology, those...
In order to prove itself as a success, any business should always be one step ahead of the competition. Moreover, this step implies paying enough attention to the aspects of team coordination, the satisfaction of the customers, and evaluating the current strategic tendencies of the competitors. Hence, when speaking of...
Coca-Cola is a beverage company that has attained substantial growth over the past 120 years. Like any other company, Coca-Cola aims to extend its profits while sustaining significant growth in the beverage industry. As the company’s mission states, it seeks to refresh the world, inspire happiness, create value, and make...
Amazon has been struggling for streaming services of the US sporting events to uplift the attraction of its Prime Video service. Sports content, especially NFL games, can significantly increase the value proposition for current and potential Prime subscribers, the number of which presently amounts to 150 million paid members worldwide...
The work of the purchasing department affects the entire activity of Trek. It influences sales, effective use of working capital, customer satisfaction with prices and assortment, the fullness of warehouses, and the efficiency of the internal supply chain. It is connected with the work of employees of almost all departments...
Mocolle is a contemporary brand based in Japan that fuses modern trends with traditional textiles to create fashionable designs based on the concept of the fusion of two distinct styles. The brand launched the Hanten parka which combines a classic Japanese garment and the modern trend of streetwear. Evidently, the...
Starbucks utilizes a mix of protection components to accommodate the likely liabilities for specific dangers, including laborers’ remuneration, medical services benefits, general risk, property protection, and chief and officials’ responsibility protection. The protection components included a fully possessed hostage protection element and investment in a reinsurance arrangement. Liabilities related to...
A private company Smooth Sailing operates a cruise ship the purchase of which was financed with the help of nonrecourse debt. However, the presence of pirates has significantly increased in the area where Smooth Sailing cruises. As a result, the operating performance of the ship has considerably declined as well...
Ideally, improved effectiveness translates to scalable processes and supports faster growth of the organization’s revenue stream than its overhead costs. Implementing career coaching by the hiring manager has significantly improved effectiveness in the organization. Career coaching was not appreciated at all by the management at my place of work. The...
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...
Most presenters often experience some challenges when presenting business forecasts. According to Cialdini (2016), the presenters may sometimes lack confidence due to the uncertainty experienced in making a business forecast. Ideally, different dynamics, mainly relating to supply and demand, in the business world control the marketplace. Unfortunately, it is difficult...
Despite numerous arguments supporting diversity and its benefits to organizations, some firms are still opposed to its adoption. McGuire (2014) explains resistance by arguing that it can take three forms. The first one is the political correctness of adopting diversity because people are often wary to adopt practices that exclude...
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...
In chapter 3, the most interesting segment was Hersey and Blanchard’s situational leadership approach, and it is stated that “the situational leadership posits that different situations call for different styles of leadership.” In other words, such a form of leadership style is adaptable to the circumstances in which a leader...
Introduction Etisalat Company is one of the leading network providers in United Arab Emirates headquartered in Abu Dhabi. The firm was once the preferred choice for customers looking for internet solutions. In the recent past, the firm has registered a consistent decline in the number of users of its services....
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...
Working capital can be defined as the organization’s existing assets minus the current liabilities. The assets involve cash flow, short-term investments, accounts receivable, and inventories. Working capital management is a criterion critical to every organization in ensuring the firm is working proficiently. This is guaranteed when the one in charge...
Introduction Every business needs effective strategic planning to capitalize and add value to the organization. Ginter et al. (2018) admit that adjusting strategies to the changing external and internal conditions is sometimes necessary. This information means that a firm should rely on statistical data to achieve the most significant benefits...
Introduction Online retailing is a commercial enterprise where only the best firms thrive because of its ever-changing landscape. A company such as Amazon has proven to belong to the class of the best online retail business with its competitive advantages. Since its creation, Amazon has been at the top of...
SWOT analysis, SMART objectives, market segmentation, and strategic positioning have become necessary for business. I will reflect on how they positively affect personality and organization. From the professional point of view, I have benefitted the most from using the SMART objectives technique. It is more suitable for personal application than...
Introduction Strategic management is a vital organizational function that incorporates a detailed process of formulating and implementing plans and policies for achieving goals and objectives. The retail industry is influenced by several factors that may result in uncertainty, especially from a business’ macro-environment. Therefore, it is mandatory for managers to...
Competition in business is inevitable, and companies have to ensure that they develop strategies to help them gain a competitive advantage. For instance, companies have developed new marketing approaches, such as using social media to attract more clients and increase their market share. Additionally, aspects such as elasticity of demand...
LEGO’s Strategy and Key Characteristics of Strategic Management Strategic management has become one of the major frameworks for allocating resources in the way that benefits the company best in the long term. In relation to LEGO Group, which has experienced a period of crisis before focusing on advanced and innovative...
Introduction FUTURE LLC is a dropshipping business. The company sells 100 product lines. 15 products have the highest demand. The new season needs a new popular product. USB portable blenders can hit the records. Diet, weight loss, exercise, and a healthy lifestyle are popular topics. FUTURE LLC will invite bloggers...
Job satisfaction is paramount for improved employee performance and productivity. According to Bauer and Erdogan (2012), pay is assumed to be the most significant employee motivating factor. On the contrary, the authors argue that job design influences employees’ job satisfaction the most. Focusing on my workplace, where I work as...
When pondering the fundamental objective of a newly created team, the notion of achievement is the first that comes to mind for most people. In order to secure the completion of the set goal, both the leader and the followers are to be motivated to perform efficiently. Hence, the phenomenon...
Positive organizational behavior implies a positive attitude to the work environment. With such an approach, I can focus on my goals more than on the previous errors and future failures. It also helps to reduce the amount of stress caused by overthinking every action during the business. Moreover, I am...
Providing a good working place that would lead to employee satisfaction is one of the main management functions. It is explained by the notion that content with one’s job is strongly associated with motivation and performance. Therefore, this paper will firstly discuss how to ensure adequate workplace safety and security...
Motivation refers to the factors that tend to influence an individual need to remain interested and committed to a particular goal, performance, or subject. To succeed in any position, everyone needs the motivation to pursue their course persistently. However, using inspiration to realize set goals first requires one to identify...
Nowadays, there is a relatively wide range of career possibilities. Therefore, HRs have to prepare accurate job descriptions in order to eliminate risks concerning their employees. If a job description fails to give an employee all the details that are connected with their job responsibilities, there is a strong chance...
I agree with the main points of the provided discussion and consider the described decision ethically good. However, I would like to further the final thought by adding that the decision benefits the customers as well and impacts their perception of the company’s ethics. Decisions that companies make to support...
Compensation has three key aspects, and they include direct, which covers bonuses, incentives, salaries, wages as well as commissions. The second component is indirect which comprises benefits offered by employers, while non-financial consist of flexible work hours, staff recognition programs and corporation support. Compensation policy of companies influences the perks...
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....
Case Description As a case for analysis, the note about such a phenomenon as restaurant outsourcing is considered (Stevenson, 2018). This kind of business is considered from an unambiguous point of view, and the reader receives a hint about the insufficiently legitimate use of the powers of the food companies...
There are various fascinating factors to creating a network of possible suppliers to obtain a request for proposal (RFP) addressed in this case study. Additionally, the paper will focus on the arguments favoring and against the inclusion of Aerolog, Inc., on the Request for Proposal (RFP) list of the Ripley...
W.E. Cheatham and Co. have to consider the ethical implications of their decision to lay off workers amid the annual loss. Even though with the unprecedented economic times, like the COVID-19 pandemic, the company may be overwhelmed and consider layoffs as a potential solution to the financial constraints. However, for...
Presenting Problem Sonya reported having depression, happiness at times, nervousness, stress, and moods are all over the place. Background of the Patient The patient in the case scenario is called Sonya, a 28-year-old female. She has two siblings, and both of her parents are alive. Before puberty, Sonya had anxiety...
Over the last 20 years, the concept of diversity in the workplace has been applied in public human resource management practices, as it is an essential asset in the work environment and acknowledges the strength of employees. The idea is enforced by law in which some legislations oversee diversity policies...
When I first started working, my intention was to get salary and sustain my needs. However, people at my workplace were the reason why I kept motivated to work. I liked how we interacted with each other, had fun together, and solved the problems. The workplace culture played a crucial...
Human resource management is a complex practice that aims to improve employee performance, motivation, conflict avoidance, and resolution. At the same time, this science combines knowledge about general trends and characteristics of human behavior and employees’ individual traits and needs. In their article, Cappelli and Tavis (2016) examine one of...
Modernization in the 21st society has increased the level of globalization, thus, interaction of people from diverse cultures, especially in the workplace. Cultural differences in the workplace provide the employees with new social experiences which could result in either success or failure of an organization. Various organizations have different levels...
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...
Leadership quality is particularly important because it impacts all the processes as well as other people in the company. The article by Badawy et al. discusses the subject of the person-environment fit and the factors that connect the leader-employee relationship to the staff’s performance (86). The purpose of this essay...
In the contemporary business world, competition is very high, which increases the value of human capital and talent in the workplace. Performance excellence is the key goal that leads to company profitability and industry dominance. To ensure that employees contribute their best talents and skills to accomplish organizational goals, leadership...
It is important to stay creative for any company. Complacency can suppress the creative atmosphere in the workplace and, therefore, should be avoided. According to Catmull (2008), Pixar puts creative people at the front and empowers them to maintain their creativity throughout the whole production process. Teamwork is also important...
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...
Introduction A leader’s communication style can potentially affect how motivated, efficient, creative, or secure team members feel. The ability to communicate efficiently could be viewed as one of the essential competencies for individuals who manage and direct groups and those who constitute their part. This competence facilitates communicating and creating...
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...
Introduction Storytelling is an integral component of public relations, as it attracts the attention of the wider public and enables explaining the company’s goals to them in a less direct, hence less aggressive way. In the article by Kent (2015), the author mentions the quest for public relations master plots....
Introduction Nike is a multinational corporation that specializes in selling footwear, clothes, and various sports equipment. The company was founded in 1964 by Bill Bowerman and Phil Knight (Gupta, 2021). Nike, Inc. refers to a part of a vast business sector specializing in producing goods for sports. The main message...
The Dow DuPont announced in 2017 the successful completion of an equivalent merger of two large corporations, The Dow Chemical Company (DOW) and E.I. du Pont de Nemours & Company (DuPont). The combined entity is a holding company called DowDuPont, split into three large publicly traded companies operating in the...
The internal environment is a critical component of the market situation of Cotton Incorporated. It affects the organization’s chances to maximize its competitive advantage over key business rivals and increase teenage consumers’ awareness of cotton’s benefits over other fibers. Cotton, Inc. conducts extensive market research, including over 500 consumer interviews...
Strategic management’s fundamental question is how firms achieve and maintain a competitive advantage in a rapidly changing market environment. Most organizations lack proper change management; consequently, the process of implementing new technologies or policies faces active resistance from employees. Besides, without effective leadership and managers’ guidance, resistance to change can...
The existing woman’s fitness and spa service providers are not capable to accomplish the desire needs of customers at all. So, from this perspective “Revolution” (is not it Revolution) has been evolved. Revolution’s marketing strategy is to promise its potential customer to fulfill most of their expectation and do something...
A detailed examination of a product’s characteristics and market conditions is a necessary part of any decision-making process. In the case presented, the vice president of Pintura Corporation’s Industrial Finishes Group, Maria Lopez, is required to make several difficult choices. The demand to provide multiple customers with environmentally friendly industrial...
Orange Jordan is a public mobile telephone network operator which benefits from the use of innovative solutions and unique services offered to its clients. At the moment, the company cooperates with multiple partners, such as Ericsson, to boost online learning and help students to evolve their skills (Orange and Ericsson,...
