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First of all, I would pay the utmost attention to studying the candidate’s resume. I would definitely write out everything that seemed incomprehensible and strange to me, required clarification, and raised doubts and questions. If a candidate has been working in the same position for a long time, it is...
Today, people are able to find a variety of services and buy products as per their needs, resources, and interests. Companies have to compete regularly to demonstrate their professionalism, quality, and efficiency. Thus, a number of business models and assessment approaches are created to cover current requirements and meet all...
The Chief Executive Officer (CEO) and founder of the giant company Amazon, Jeff Bezos, is one of the greatest transformational leaders in the world. At 31 years old, Jeff Bezos was able to start Amazon with tiny financial support from his company. The young computer scientist made what is today...
Introduction Both companies present a unique case regarding their position on the market, primarily due to their sheer size. However, there are glaring differences in the structure of their markets that create varied obstacles for the companies to overcome. The fast-food market is more closely described by a monopolistic competition...
Sensory marketing is a type of impact on a customer through their feelings and emotions. In other words, it affects human organs such as taste, smell, sight, hearing, and touch. Like the other types of this industry, it aims to attract and retain customers, that is, increasing the number of...
“Ottawa Wheels” organization is aimed to provide car owners with high-quality repair services. By using the latest innovations and mechanisms, professional workers of the company make customers satisfied and constantly receive positive feedback. The website has an easy interface that attracts new potential clients, and many people mention that they...
Product recalls are an unfortunate but natural consequence of mistakes in manufacturing or managerial processes. According to Downey (2020), “a product recall is the process of retrieving defective and/or potentially unsafe goods from consumers while providing those consumers with compensation” (para. 1). For example, a Michigan apple company recalled more...
The topic brought up by the speaker is diversity in workplaces. Nowadays, more and more companies are willing to invest resources and implement new HR techniques for the sake of creating a diverse team. This was not the case in the past since employers were not interested in creating equal...
Having been subjected to a combined deleterious effect of racism and sexism, women of color have struggled to advance in their careers in most workplace settings. Although most modern companies are willing to create equal opportunities for all their staff members, few know how to address the issues faced by...
Introduction Walmart Inc. is an American multinational corporation, the largest company in the world by revenue, and the world’s biggest employer with more than two million people employed. Headquartered in Arkansas, Walmart Inc. operates hundreds of retail stores and hypermarkets in 24 countries under different names. Its extraordinary success in...
Business Models Best Buy is a retailer store, which was known for being one of the best retailers in the market at the beginning of the previous decade. However, with the introduction of the internet and technologies, the business model of Best Buy needed a change as its profits began...
Importance of Staff Education and Training Educating and training staff in an organization is significant since it allows the employer to point out the skills and knowledge required of employees. Therefore, through training and education, it becomes possible for employees to gain new skills or acquire updates on those existing...
Role of Culture in HRD Culture refers to a set of norms, beliefs, or values that underpin social order in a community or organization. It has an impact on Human Resource Development (HRD) because of its effects on employee behavior (McGuire, 2014). The HRD discipline is also integrated with organizational...
Questions of moral principles, in this case, are somewhat controversial and have a dual nature. Firstly, from a certain point of view, the initially established relationship between businesses in the Global North and producers in the Global South does not affect moral issues since there is no theft or fraud...
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...
The abbreviation RCA stands for root cause analysis, which is the process of discovering solutions to the problem by identifying its root causes. The major advantage of RCA is that it makes it possible to fully understand why a problem has happened, how to fix it, and how to avoid...
If employees are not culturally competent, the organization will have communication barriers, less productivity, and high turnover rates. When workers do not appreciate the differences among them, they do not make an effort to learn the uniqueness of others. This failure to understand other employees’ cultures will lead to communication...
Decision-making The success of any team and its ability to attain existing goals depend on several factors. Analyzing the team, it is vital to focus on its strengths and weaknesses. Thus, effective decision-making is one of the critical factors of any group. It depends on the ability to analyze the...
Coca-Cola is one of the most successful multinational enterprises. Coca-Cola branches are located in almost 200 countries, and about 80% of the company’s revenue comes from its activities outside the United States (The Coca-Cola Company). The Corporate HR group sees its mission in developing and providing a core strategy on...
Introduction Recruitment is a crucial phase of the human resources (HR) hiring process and is necessary for the overall development of the organization. At present, there are various recruitment strategies, ranging from word-of-mouth advertising to digital solutions (The Pennsylvania State University, 2021). Evidently, each of the methods has its advantages...
Ethics at work and ethical treatment of the employee take quite an essential role in everyday life. Employee and employer both have responsibilities towards each other. The employee should help other employees. The employer must offer a healthy and safe working environment for the employee, as well as any necessary...
Jyske Bank is an efficient financial organization that successfully aligns the service triangle consisting of the company, employees, and customers. The HR management is appropriate for the organization’s service design. During the recruitment process, potential employees are evaluated on their banking skills and social abilities, such as openness and genuine...
Engagement with the work is one of the most important factors that affect overall employee performance, and thus, managers should be aware of how to increase it effectively. As such, higher levels of satisfaction with the job are positively associated with engagement. Moreover, another antecedent of high engagement is trust...
Information Systems Several information systems are utilized at Walmart to maintain a competitive advantage. For instance, the company uses predictive analytics to detect the patterns in the checkout process of individual stores to adjust the checkout process or adopt a new form of checkout (Souza, 2017). The system is intended...
Introduction Paul Somers sought to be compensated after dismissal. The case had different elements from Dodd-Frank and Sarbanes-Oxley Acts. Somers was required to file complaints within six months. The Reason for the Choice of the Case The case enlightens people on business law issues. The case gives insights into proper...
Background and Services Legal Sea Foods is a series of casual seafood restaurants in the United States. George Berkowitz, the company’s founder, launched Cambridge, Massachusetts’ first Legal Cash Market grocery store in 1950 and the market’s first restaurant in 1968, next door to it (Legal Sea Foods, 2021). Legal Sea...
Background and Services The casino and resort at Encore Boston Harbor are one of the state’s most ambitious private-sector undertakings. The building of this institution cost around $2.6 billion, and it has a total of 671 guest rooms in 27 storeys (Encore Boston Harbor, 2021). In addition, the facility has...
The analysis of the company’s business strategy can contribute to the elimination of negative consequences and problems. Nowadays it is necessary to remain competitive in an ever-growing technology market. The basis of the Yahoo! strategy will attract advertisers and expand the user base. Thus, the company’s policy will be aimed...
The main feature of the success of Banyan Tree was the emphasis on branding. The company provides the unique opportunity of comfortable, luxurious intimate relaxation, combined with preserving the natural and social environment. These features allow guests to feel closer to nature and an environmentally friendly lifestyle while enjoying quality...
Dunkin’ Donuts has been a favorite destination for a quick coffee and doughnut breakfast for more than 60 years. In several ways, it is emblematic of the modern American culture, having become a subject of many anecdotes and social media pictures. This essay briefly addresses some of the key aspects...
Introduction Erik Weihenmayer is one of the most successful climbers in history, having reached the summit of Mount Everest while being significantly disadvantaged by blindness. In general, climbing one of the summits is considered an outstanding feat even for experienced professionals; therefore, the achievement of Erik Weihenmayer shaped the history...
Introduction Cultural diversity in the workplace can be described as the working environment where workers come from different cultural backgrounds, including language, ethnicity, and identity. Scholars have substantially contributed to the discussion on the advantages and disadvantages of maintaining cultural diversity in the workplace. Culturally diverse workplaces can benefit corporations...
Employee motivation today is an indispensable tool in the human resource management of any company. Motivational theory is studied to increase productivity and increase job satisfaction. The tools aimed at this include both concrete financial incentives and intangible and moral benefits. There are four main types of employee motivation: reward,...
The article called “The role of group-based status in job satisfaction” is devoted to stating the correlation between respectful treatment and work satisfaction within stigmatized groups (PJ, 2011). The main purpose of the article is to explore the principles of stigma formation. The paper also aims to show that the...
Human resource management (HRM) is the strategic and full utilization of people in a company or institution to help the company be competitively ahead. Its goal is to promote the strategic goals of the company and optimize employees’ productivity. Employee engagement is concerned with the design of organizational participants, with...
Conflict is a situation or combination of circumstances in which the differences between two people, groups, or individuals and groups are unclear or unresolved. The conflict has traditionally been viewed as a terrible and unpleasant experience. Conflict can be beneficial or harmful, but how people handle it is entirely up...
A work-related injury is always a hard blow to both the injured person and his or her family, especially if the person is working undocumented. This is because many employers believe that accidents at work are not so difficult to hide. Indeed, the biggest problem in obtaining compensation for injured...
Introduction The ethical aspect of work is crucial for creating a favorable office environment, which contributes to the increase in profits and improvements in relationships. In addition, it allows for establishing appropriate rules of conduct, which are followed by everyone due to their awareness and perceived responsibility for outcomes. Therefore,...
There are many ways of how the fashion industry or any other business field can be improved, and promoting organizational change and sustainability are the steps to be considered. The main idea of a corporate social responsibility (CSR) plan is to create business values that enhance competitive advantage and uphold...
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)....
There is an evident growing trend of collaborations between companies in the technological sphere. Since technology can be applied for the benefit of any kind of business or an institution, a wide variety of solutions has arisen – sparking even more innovative ways to solve problems and react to the...
Introduction It is safe to say that the question of what causes the rise and fall of companies will remain one of the main subjects of the economy until the end of time. Thinkers and experts from various scientific disciplines have developed many theoretical models, economic formulas, and even philosophical...
“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...
It is not uncommon in the modern work environment to come across cases of employees who quit their jobs because of their bosses’ unbecoming characters and behaviors. Moreover, it is common for employees to receive promotions to managerial roles based solely on their tenure to the company even though they...
There are quite a few practices in leadership theory that differ qualitatively in approach. This essay compares two of these practices, namely contingency theory, and situational leadership. The first theory recognizes that there is no one-size-fits-all way to achieve the desired outcome, but instead, the experienced leader acts in each...
Introduction Demand forecasting is essential for any business as it allows for making informed financial decisions and managing risks. According to Taghipour (2020), forecasting techniques determine production needs, and the use of time series can help in identifying a seasonal component. In the given scenario, KTP company operating in the...
Widely regarded as a transformational and managerial leader, Bill Gates is one of the world’s wealthiest individuals, known for his role in founding Microsoft. More specifically, he managed to influence the workers to put their resources into building the company’s success by limiting their global decision-making and opening the borders...
The dismissal of a talented employee is often a problem for an enterprise. Mass churn is a huge ordeal that not every company can withstand. The pandemic has become a kind of strength test for both workers and employers. It is this aspect that Polovin (2021) describes in his article,...
Introduction In the article, Lucas and Diener discuss a correlation between employees’ happiness and productivity. They analyze a significant body of research about the subject to define whether there is a relation between the two variables, which, as they note, is elusive and desirable (Lucas, R. E., & Diener, E.,...
Google is one of the most innovative companies, which is also reflected in its human resource management policy. In particular, the company offers its employees various benefits and a fair compensation system. Google employees have access to both the traditional options in the form of insurance and paid leaves, but...
In his article “Toward a New HR Philosophy,” Allen (2015) suggests a novel approach to the responsibilities traditionally fulfilled by HR departments. He argues that critical HR decisions should be made by the organization’s managers, while the duty of HR managers is to provide them with the necessary information and...
In general, a leader will be effective if they understand how to motivate their employees and themselves. Motivation is a force that arises from the inside and is aided by external forces to inspire people to attain their goals. Jean Liu, the head of China’s global ride-sharing company DIDI, is...
Introduction Employee’s benefits may include: healthcare insurance, paid leave, voluntary pension plan, and others. When elaborating a detailed business plan, according to SWOT analysis, one should discuss opportunities for employees, which do not necessarily consist of salary (CFD Master, 2013). However, sometimes when employers are not using performance-based pay, employees...
The Acquired-Needs Model in The Workplace David McClelland came up with the acquired needs theory that categorized employees into three groups based on their dominant motivations: achievement, power, and affiliation. Employees may have all three motivations in every workplace but present one as the dominant motivator (Khurana & Joshi, 2017)....
Recruitment is a process in human resource management because it can simplify all other functions such as hiring, training, and onboarding when performed appropriately. Even though the available approaches to recruitment have notable advantages, they also have setbacks that limit their effectiveness in some situations. Therefore, the technique adopted by...
Wolfgang Puck is a famous Austrian restaurateur, chef, and businessman who can sometimes be seen on television as a cooking show host. The beginning of his culinary career was in France, where he was able to work in some of the finest restaurants, including Maxim’s in Paris, the Hotel de...
First, in the streaming market, the capital cost of distributing content to businesses is expensive. Netflix has already expressed concern about this, as content expenses have risen faster than revenue in the past years (Ranjan et al., 2019). It is even improved for Netflix, which devotes itself to and produces...
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 differentiation of leadership styles allows for their effective use in different settings for the most relevant purposes to organizations. Four main leadership styles have been identified by James McGregor Burns. They include transformational, transactional, charismatic or visionary, and participative leadership styles. Each of these styles has its benefits and...
Such processes as globalization, industrialization, and the development of international relations have a tremendous impact on people and their businesses. An understanding of existing national and ethnic differences enhances organizational functioning and success in global strategies (Adler 9). Effective communication among individuals and organizations is an integral step in the...
There are plenty of issues to discuss and points of view to consider when it comes to the work environment in the United States. One of such matters is the matter of a flexible work policy. Those who advocate for workplaces offering their employees flexibility in certain aspects talk about...
If the company has a trade union, this entity should be notified of the decision of layoff. For this, a notification is sent to the trade union at least three months before the forthcoming liquidation of the enterprise. When an organization is about to implement layoffs, the employer is obliged...
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...
One of the most common problems that many organizations face is how to manage internal and external changes effectively. In this regard, suppose that the top managers of the company that operates in the sphere of sportswear retail decide to empower their workers by letting them share ideas on work-process...
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...
Extrinsic motivation occurs when individuals engage in an action or event to receive compensation or escape consequences. Individuals will partake in action not because they deem it enjoyable or fulfilling but because they anticipate receiving an incentive in exchange or avoiding something undesirable. Intrinsic motivation occurs when individuals indulge in...
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...
The formation of motivation among employees is one of the essential parts of management. The lack of a sufficient number of incentives can lead to a decrease in the efficiency of the team’s work and impressive costs. Research shows that lack of employee motivation can cost a company hundreds of...
Staff motivation includes a set of incentives that determine the behavior of a particular individual. Therefore, this is a specific set of actions on the part of the manager aimed at improving the working capacity of employees and ways to attract qualified and talented specialists and retain them. Each employer...
Stable and long-lasting organizational relationships among leaders and subjects are chiefly grounded on mutual trust. Mutual trust denotes complementary trust that leaders and subordinates experience and express toward one another (Kim et al., 2018). In the work environment, workers feel valued and essential to the organization when trusted by their...
Under the current employment setting, the majority of leadership figures utilize various forms of transactional leadership style, where transformational leadership style is rare and even non-existent. My leader strictly uses a transactional approach due to the organization’s low-risk tolerance since evidence strongly suggests that “any environmental effects on leadership style...
Leadership is one of the essential human qualities, without which progress in any area would be impossible. However, although its essence does not change, the way leadership is realized changes with society. While many centuries ago, the strongest member of society was chosen as a leader, today, leaders are valued...
Effective change leaders possess unique characteristics that make them succeed in their businesses. According to Larsson (2021), these leaders have excellent skills in communication, strategic thinking, and the ability to inspire their subjects. Communication is one of the most crucial factors in an organization’s change management. Managers exhibiting good communication...
The article discusses the need to adjust the HR approach to workforce planning in dynamically changing and uncertain environments. Collins (2020) rightfully claims that just as a manager must notice business opportunities and strategically incorporate them into organizational vision, it is critical to meet global challenges by considering workforce planning...
There are two leading sports brands in the world – Nike and Adidas AG. Nike and Adidas are competing to increase the share of such a profitable and voluminous market as the sports shoe market. The increasing demand encouraged both entrepreneurs to make their marketing programs as effective as possible....
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...
Among the motivational techniques, I have observed during my work in the healthcare sector, in addition to the usual monetary incentives, I can distinguish such non-material forms as recognition of a job well done. In contrast to the issuance of rewards, this method has proved to be much more effective....
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...
Human Resource Development Models Models of Strategic Human Resource Management (HRM) help Human Resource (HR) managers to implement an organization’s HRM policies. The functional Strategic Human Resource Management (SHRM) content and the political economy models are of particular interest to this study. This is because they both address the political...
Survey questions are used to research a given topic to build a concrete report. The strength of a study question includes its cost-effectiveness, generalizability, reliability, and versatility. The weakness of the valuation question has inflexibility and lack of potential growth. A good assessment allows the user to gather precise and...
It goes without saying that sending the company’s employees from various management levels to work abroad may be regarded as an efficient way to ensure high-quality performance in another enterprise. A French energy group decided to increase its share of electricity from renewable energies by taking control over an Irish,...
The current pandemic has changed every aspect of life in the US and worldwide. The commercial sphere is not an exception, as COVID-19 brought disproportions into the personnel selection strategies, budget establishment, creation of a healthy internal and external climate in organizations. Due to pandemics, online recruitment gains momentum as...
Introduction TurboTax is the leading tax preparation software in the United States. However, to reach and maintain this position, the management and marketing team responsible for the product had to solve many problems. One of such issues included the question of customer retention, which existed due to the seasonality of...
The process of issuing shares of a private firm to the public in a fresh stock issuance is referred to as an initial public offering (IPO). An IPO allows a firm to raise funds from the general public. The move from a private to a public firm, which often involves...
Google/Alphabet Company Alphabet is an American holding company, created during the restructuring of the Google company in October 2015. As the official website of Alphabet Inc. says: “What is Alphabet? Alphabet is mostly a collection of companies” (Alphabet, para. 5). Wirtz (2019) elaborates on this statement: “Alphabet serves as a...
