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Introduction Mercedes-Benz is one of the most revered brand names in the global automobile industry. Owned by Germany’s Daimler AG Corporation, Mercedes-Benz manufactures a wide range of classic vehicles ‘ranging from coaches, buses, trucks, and luxury cars’ (Mercedes-Benz 2016, para. 3). The automobile manufacturer has its headquarters in Stuttgart, Germany....
Risk Assurance Risk assurance in management is an approach that allows the manager to understand how to prevent, avoid, or minimize possible risks. Risk assurance is used in risk management; with the help of various tools (e.g., critical path analysis) and strategies, it helps to evaluate potential risks of the...
Introduction The issue of risk assessment and monitoring in organizations is currently one of the most underrated issues in the field. There are numerous reasons behind this complex issue such as secretarial and governance failures, scams, and organizational control breaches (Sadiq and Graham 35). More importantly, individuals within most organizations...
Introduction It should be noted that the process of risk response planning should begin after management has conducted a risk analysis; otherwise, the proposed strategies might not effectively address the emerging risks. The assessment and analysis can be both qualitative and quantitative; however, it is advisable to conduct a mixed...
Introduction Managerial and financial accounting are vital components of modern business but they both contribute to overall operations in different ways. Accounting serves the purpose of determining the operations of a business in regards to future projections, past performances, and current requirements. Managerial accounting has its links in cost management,...
Introduction Management is a significant element of the business. According to Batenburg and Maur, this explains why many people are systematically studying management skills (902). Despite this, there are numerous management styles, most of which have overlapping features. Even though the efficiency of one management style over the other is...
Introduction All companies and organizations regardless of the sector of operation strive for exceptional organizational performance and economic excellence. However, it is impossible to achieve these strategic objectives without designing an appropriate strategy for organizing employees and directing their work. To drive organizational development, companies require managers and leaders. Nevertheless,...
The Organizational Context Costco Wholesale is an American company that operates in the industry of warehouse retail. The company has achieved success using its membership model and continues to attract new customers with ultra-low prices. However, Costco is currently operating at very low gross margins, and its ability to further...
The direct and indirect approach A cash flow statement is important in the organization because it shows the movement of cash. It outlines where a company receives money from and how the money is used. That is cash receipts and payments. The statement is divided into three distinct parts. Each...
Introduction The gap is an international retail enterprise with over 500 stores launched across the globe. Although the brand is well known among potential consumers, the company failed to achieve the expected success in both domestic and international markets during 1998-2001. The organization encountered significant declines in sales and a...
Marketing Plan and Sales Strategy Vigorous is the company that has recently entered the environment of the food and beverage industry, yet has developed a strong competitive advantage that will help it improve its current position and take the niche that will allow it to attract new customers successfully. Although...
Introduction Today, coffee is a big and attractive business area. Most people can hardly imagine their lives without coffee either in the morning or during the day. If they choose to go outside to have a cup of coffee, in most cases, they will grab one at Starbucks. What started...
Introduction Operational change is a process through which a company evaluates the way that it operates so that it could come out with ways to sustain itself in the market. Desert Communications Inc. is a company that has been operating in the communications market for a long time, and through...
Overview International standards are standards which are normally developed by international standards organizations. These standards are usually available to be considered and used worldwide. The most recognized organization for developing international standards is the international organization for standardization (ISO). ISO plays a major role in facilitating international trade and cooperation...
Introduction Enterprise Resource Planning (ERP) is an integral part of every organization, especially top management. ERP model integrates all separate department functions into a single software. Many project managers and general managers use the ERP model because it makes it easier to track all workflow across all departments. However, ERP...
Introduction Integrating SWOT elements with various strategies is a cardinal step in the analysis of both internal and external environments. Such integration should be based on the interplay between SWOT factors and other elements that influence the performance of the organization. Kraft Food Group operates in a very competitive and...
Introduction One of the most interesting reports under business issues is the perspectives on small businesses in Canada. The report was developed at the time when the country celebrated its 40th anniversary in entrepreneurship in July 2011. The information from the report was derived from research that was conducted by...
Introduction The nature of the current business world is the result of the development of enormous changes and innovation that started more than 200 years ago (Swanson, 1998). Even though the industrial revolution was an achievement as far as the current markets scenarios are concerned, it is evident that Management...
Introduction Computer systems play an important role in that they offer vital information on effective business operations. The presence of the human workforce is significant to ensure that the management of computer systems is efficient. Business people use computer systems for practical duties such as keeping records of receivable and...
Effectiveness of Technology The success of many business organizations is determined by the relationship between consumers and business owners. On many occasions, the freedom of consumers has been found to pose challenges to business. Most consumers have the habit of shifting from one organization to another in search of goods...
AirAsia, according to recent research and airline ranking, is Asia’s leading airline. The company offers flight services, training, and flight consultation services. AirAsia was established in 2001 with the dream of making flying possible for everyone. On average, AirAsia estimates to be able to carry over 40 million passengers in...
Introduction For any business to achieve success there should be a stronger individual that is capable of managing the employees properly. Managers often hold responsibilities of leading their firm towards goal achievement to thrive in the competitive market. Lorachester suggests that the knowledge that the qualified managers possess is not...
Introduction There are many users of business information who do not work for companies but are associated with them directly or indirectly. These users are considered as external users, and they do not have access to the financial information generated by different departments of a company. Therefore, they have to...
Introduction Frequent changes in interests and views in modern society imply a constant search for new and effective management techniques in companies of different profiles. The success of an enterprise primarily depends on how well a particular leadership strategy is organized and what approaches are used to manage personnel. Working...
Introduction To retain its position in its target market and remain competitive, a company must ensure quality at three key levels, i.e., the organizational level, the process level, and the performer level (Roudias, 2015). Furthermore, a firm must be ready to avoid imminent threats to the quality of its product...
Executive Summary The current operational audit report is prepared to observe deficiencies noted during the audit of Subway restaurant. There are problems with safety, cleanness, food handling, and parking. The recommendations are also presented in the report that could help in bringing changes and improvements in various operations of the...
Introduction Management plays a significant role in the success and running businesses. Therefore, selecting the best approach to management is critical. It is worth noting that businesses operate in dynamic environments. As such, business leaders should incorporate the changes in the environment in the running of businesses to enhance success...
Introduction to the organization Human resources can be defined as the individuals’ contributions to an organization in terms of efforts, skills, and capabilities, thus enabling the organization to maintain its existence. Also, SHRM is regarded as a management strategy employed to manage the employees to achieve a strong competitive advantage...
Introduction Supply chain risks cause disruptions with far-reaching implications for end-to-end business continuity. A supply chain risk is defined as the “likelihood and consequence of an adverse event” occurring at any point in the supply chain (Tang 452). It could be an externally driven (environmental risk), process-related, or information-related event...
The Economics of Mobile Data Advancements in technology have defined the history and the playing field of the economy. The use of Smart Phones, Tablets, and other types of mobile devices is swiftly growing and becoming common around the world. This has not only revolutionized the way people are doing...
Introduction The aspect of organization behaviour as part of the human management process is very dynamic and ideal in an organization that offers proactive training to employees to understand the social perception as part of the symbolic elements of organization culture. Several literatures suggest that training on social perception might...
CEO #1 The course concept of Ray Kroc, who was the CEO of McDonald’s in 1955-1973, might be identified as a franchise system based on quality, service, and cleanliness (QSC) principles. Kroc pursued cleanliness in his restaurants expecting that each employee will make every effort. Kroc did not invent the...
The McDonald’s Corporation had to deal with a lot of crises over the years, and, consequently, saw very different approaches to solving its issues from the different Chief Executive Officers. The CEOs had different management and leadership styles, different views of the business’s future, tried approaches, which affected the development...
The philosophy of a company is crucial for its effective functioning and further development. Matsushita Electric Industrial was among the first in the world to apply corporate philosophy to its business environment. The company emphasized the importance of harmonious interactions between business and society with a philosophy that stated that...
Introduction Not only the concept of organizational behavior gains more and more importance in the different fields of management, but also people can experience different nuances of it in their daily professional life. Therefore, it is important to add the practical and experiential aspects of the research to the theoretical...
It is imperative that every organization tracks and monitors its performance and looks for areas calling for changes which will result in streamlining the overall organizational cycle. Based on the current culture profile, the organization’s dominant characteristics seem to be more or less aligned in terms of the existing and...
Culture appears to be an inalienable part of every organization. Admittedly culture influences a majority of aspects of an organizational life, such as decision-making process, rewards distribution, treatment of colleagues, internal environment, etc. The article ‘The Impact of Organizational Culture on Performance of Educational Institutions’ explores the influence of the...
Introduction Blundel and Ippolito (2008) provide that the communication effectiveness of an organization or working groups is a “primary element determining success or failure of any organization” (p. 28). Effective communication provides a framework stating their various departmental functionalities and relationships between various working groups. It also ensures that organizations...
Introduction Employees face a number of diverse and complicated issues when making decisions at the workplace (Stevens 602). The conflict of interest between the parties involved and the issues related to community welfare and colleagues are some of the ethical problems that affect employees’ decision-making. A major issue that affects...
Introduction There are many aspects a person should take into consideration as soon as the decision to become a project manager is taken. Any project manager should understand a list of business principles and make sure all kinds of work meet the ethical and professional backgrounds (Kerzner, 2013). However, one...
Activity: The Essence The activity may be called “We Are Not Animals, But Still…” There is a group of 10 people, who need to tell more about themselves and discover what all members think about each other. Each member is provided with several (10) pieces of paper and a pen...
The primary goal of this research paper is to evaluate the communication and competitive strategy of Coca-Cola soft drink beverage. Firstly, the product will be described, as it will help understand the company’s focus. Secondly, the communication and competitive strategy audits will be conducted to evaluate the performance and effectiveness...
Introduction Leadership is the ability of an organization’s leader to influence others into achieving certain set goals. In most cases, leadership centres on giving directions and guidance to subordinates who are expected to act in accordance with the directions given. Leadership varies from one organization to another depending on the...
Introduction The rise of social media has compelled most business operators to change their information systems. According to Aral, Dellarocas and Godes (2013), social media has both positive and adverse effects on all forms and sizes of businesses. Technological growth has enabled a majority of the people to own computers...
Introduction Communication plays a pivotal role in the development of personal and professional relationships. It creates a connection that allows access between persons or places. Research has established that a big percentage of all the communication done between people is often nonverbal (Halbe, 2012). Nonverbal communication refers to the wordless...
Introduction Communication is one of the most important factors of success in any organization. Communication among employees as well as between employees and management is a determinant of organizational efficiency and effectiveness (Miller, 2014). Effective communication facilitates decision making, problem solving, proper comprehension of job requirements, and dissemination of information...
Introduction Demco Communications is a new company that is not more than two years since its inception. The company deals with the manufacture and distribution of electronic software and hardware equipments. It has had problems with the payments system since most of its clients are not in the same geographic...
Introduction A risk is the effect of uncertainty on objectives, either positive or negative (Gorrod, 2004). Risk management is the science of identifying, assessing, and prioritizing risks. Further, this is followed by application of resources with an aim of reducing and controlling the possibility of unfortunate events or maximizing the...
The relevance of the knowledge taught in business schools in New Economy operations Most of the Business Schools in the United Arab Emirates and other regions deliver specific skills to their students. The most outstanding fact is that each learner is equipped with a solid foundation for supply chain and...
Introduction A department manager in the big company invited all employees to take the Clifton StrenghsFinder test that would determine the naturally recurring patterns in their behavior. This paper will explore different decision-making approaches that could positively impact the performance of the two employees with varied dominant themes. Fairness and...
Introduction The primary objective of the current analysis is to select a company whose stocks are listed on one of the principal international exchanges. For this purpose, the New York Stock Exchange has been selected, and the company chosen is Whole Foods Market, Inc. The reason for selecting this company...
The relevance of Different Types of Social Media to Marketing Different types of social media platforms are used in marketing. They include personal/social networks, e-commerce, online reviews, social publishing, discussion forums, media-sharing networks, and bookmarking sites (Brown 23). Each of the aforementioned types has a distinct role to play marketing....
Key Concept Exercises A technology transfer process is inevitable while investing in new services or products. This process presupposes the transmission of the experience connected with product design and production, the supply of service, and the competence of the reinforcing methods related to the product or service (Bamford & Forrester...
Measuring the Effectiveness of Organizational Development in Connection to Cultural and Moral Values The field of organizational development (OD) is versatile, covering the most current research on successful team building and cooperation techniques. Due to OD, companies can increase the efficiency of the employees and reach beneficial goals. OD enables...
Organizational Structure For the optional performance of an organization, work must be organized and structured in a way that facilitates the achievement of the set goals and objectives. Based on this understanding, an organization structure is a framework the defines how responsibilities and roles are grouped, divided, and coordinated throughout...
The foundation that Business Schools provide for managing operations and supply chain management in New Economy companies Most of the Business Schools in the United Arab Emirates and other regions deliver specific skills to their students. The most outstanding fact is that each learner is equipped with a solid foundation...
Introduction In the present-day business world striving for globalization, organisations do their best to benefit from cost-saving technical expertise in other countries. This trend creates a business environment that necessitates ongoing interaction across cultures. Project managers today have to deal with teams that are scattered across the globe and consist...
Introduction Decision-making processes are often lengthy, complex, and involve some type of uncertainty (Office of Quality Improvement, 2016). However, making the right decision is an important quality for managers because it helps them to effectively plan, organize, staff, lead, and control their teams (Rocha-Luna, Garza-Reyes, & Kumar, 2013). The effectiveness...
The project plan to be implemented is associated with improving employee communication and overall interactions in the workplace. Effective verbal and non-verbal communication skills are considered one of the pillars of business. Many companies target a lot of effort and funds towards training workers on how to effectively communicate with...
Companies in the contemporary society strive to set performance targets as means of fast racking goal achievement, understanding the position of the company in performance ladder, and allocating percentages as desired by the initiatives put in place. In business organizations, performance plays a role in determining success, sustainability, and relevance...
Introduction An efficient quality management allows achieving goals of the organization with optimal costs and at specified time intervals. Such a system implies, as a rule, strictly ordered and regulated activities that should be understandable both for managers and employees. In this regard, the paper aims to examine key concepts...
A description of two purposes of performance management and their relationships to business objective Performance management aims at improving the staff or the individuals’ performances and obtaining of feedback from both the customers and the staff. Enhancing high performance and obtaining feedback enables the employees to achieve their objectives since...
Introduction In 1994, Jeff Bezos started Amazon.com with the purpose to create the biggest bookstore in the world. He decided to make significant changes in retailing and implement all innovations in the sphere of e-commerce. Later, Amazon expanded its assortment and began selling DVDs, software, games, audiobooks, and other electronics...
Impact of decisions without stakeholder buy-in and involvement One of the most important factors in organizational life is decision making. Leaders are subsequently aware of the importance of decision-making and several theories and models have been forwarded concerning this phenomenon. Currently, there is substantial research in connection to decision making...
What is an organizational change, and when should an agency undergo one? Organizational change is a management process when new structural and business strategies are offered to promote change. It cannot be taken spontaneously. As a rule, a company has to be ready for change, and leaders should assess employees’...
Walmart and Amazon are the two leading retailers in the world. The companies now have billion-dollar sales worldwide but used to remain in their niches. For instance, Amazon was an e-commerce company with a limited range of products offered. At the same time, Walmart was a retailer with thousands of...
Introduction Effective communication is one of the useful functions of an organisation. Managers who want to drive performance in their firms should begin by embracing the power of communication. Adequate communication is what empowers organisational leaders to perform the four unique functions of business management. These functions include “controlling, leading,...
Running a business in the globalized environment is one of the most challenging tasks, mostly because it demands not only to integrate various business approaches but also to be able to take major cultural differences of the business partners into the account. Even though running a business presuppose following universal...
Essential Case Facts Advancement in the information technology front has prompted business enterprises to incorporate IT within their operations as a means of enhancing goal achievement. Retail chains have particularly benefited from the capabilities of IT as they can deal with critical information in real-time, including communicating with their business...
Overview Safaricom is one of the leading telecommunication companies in Kenya. It has the largest number of mobile phone subscribers due to its wide coverage and numerous services it offers to its customers. The company, however, faces stiff competition from other telecommunication service providers that provide similar services yet at...
Introduction The initial administrative roles of human resource management (HRM) have been subjected to changes in response to low efficiency and ineffectiveness of strategy applications. These changes are facilitated by various environmental and technological advancements experienced in the world today. In the environmental section, human resource (HR) has been surrounded...
Abstract Businesses need to create a continuous innovation process to create a competitive advantage. Establishing a knowledge management (KM) strategy is a crucial way of achieving this objective. This is a process of innovation that involves knowledge creation and transmission. Irizar involves its employees in decision-making processes with the help...
Purchasing is a process that depends on several factors. The purchase situation is one of the factors. Research shows that the situation in which a consumer buys goods and services greatly affects his or her consumer. For instance, a mother would be willing to obtain a product simply because it...
Describe two recent purchases you made using nominal decision-making, limited decision-making, or extended decision-making. What caused you to use the type of decision making you described? I bought fuel (gas) for my car as I was driving to school. A few kilometers after leaving my area of residence, I checked...
For a long time, there has been a gender difference between men and women in life and the work environment. Women have been fighting for equal rights and fair treatment, and it has almost been achieved. Even though there are more opportunities today, there is still prejudice, and partially, it...
Organizational culture is the collective way by which employees interact at the workplace. It encompasses life experiences, values, and beliefs that bind employees within the firm. According to Argyris (2010), organizational culture is the way employees in an organization behave and the meaning that people attach to their behaviors and...
Introduction The Coca-Cola Company is the global leader specialized in the manufacture, retailing and marketing of its nonalcoholic beverages and syrups. This company has its headquarters in Atlanta, Georgia. A pharmacist known by the name John Pemberton invented the Coca-Cola brand in 1886. Before his death, he sold his interest...
Conflict among managers is not a new thing and is here to stay. The first source of conflict among managers working for a particular organization is interpersonal differences. Differences in personality and communication style are the source of interpersonal conflict among managers ( Bacal, 1998). Poor communication is among the...
Introduction Decision making is a very important process for both individuals and organizations. Decision making is crucial when one is looking for a solution to a given problem. The success of an organization is highly dependent on the ability of managers to make the right decisions (Jones, 2010). However, this...
Introduction One pillar of organizational success is organizational culture. Beliefs, values, and ideologies form the bedrock for the creation of organizational cultures (Lee, 2004). Indeed, these sets of cultural building blocks determine the way employees interact with people within and outside, the organization. Since organizational culture is an important factor...
The situation of changing the director of customer service in Mountain West Health Plans Inc. can be discussed from the point of effectiveness of this or that leadership style to achieve the company’s definite goals. During a long period of time, the position of the director of customer service was...
Executive summary In the case study, the challenges in the quality strategy of Coca-Cola Company resulted in a lot of health problems such as nausea, headache, vomiting, stomach pain and shivering in children. Improved quality strategy for the company relates to product design, manufacturing process that involves tasks such as...
Type of Product the Company Will Offer and Its Primary Characteristics The product that will be offered in the market is bottled mineral water. This product falls in the beverage industry. For a long time, water has been considered as a free product that could not be sold like other...
It is definite that most empirical studies on risk perception usually scrutinize the various perspectives which individuals express when they have been requested to offer their own judgments regarding technologies as well as natural and man-made activities that may be hazardous at their disposal. As a matter of fact, what...
Digital marketing involves the transfer of information about a brand using internet-based technologies. The marketing strategies are delivered with the help of video or audio technology. Goods and services are customized to the needs of clients and advertised over the web thereby reaching the consumer efficiently and quickly. Examples of...
Introduction Leadership and management are the most commonly used words in the business world. Thus, there is need to differentiate between the two because managers are leaders but they do not always behave in this particular way. Leadership Leadership is the process of working with others to obtain certain objectives....
Primer on International Business To successfully compete in the international market, business organizations must employ skilled leaders to manage key positions. These leaders should understand the cross-cultural dimensions and processes to succeed (Ahlstrom and Bruton 4). This implies that, for any international firm to emerge as a winning organization, it...
Automobile history initiated with European technological inventions that happened in the 18th and 19th centuries when the United States of America started mass automobile productions. Subsequently, the world economic recession that triggered World War II resulted in the consolidation of the highly fragmented automobile manufacturing market that eventually enhanced the...
Introduction Team decision making is a process that involves collecting, processing and communicating information in order to reach a task-relevant decision. Although all team members may not reach a consensus, the decision-making process must involve all the individuals within an organization. Each team member is expected to filter data, apply...
The factors that influence teams’ behavior while pursuing the desired goals of a team are wide-ranging and very important in establishing the roles and responsibilities of each team member. A team is “a small number of people with complementary skills who are committed to a common purpose, performance goals, and...
Organizational culture is shaped by common values and ideals shared by people in an organization. It gives the organization identity and a sense of belonging for the employees working in that organization. Culture defines the organizational structure of an entity. Culture could stem from the founders of the organization, repetitive...
Introduction The ability of an organisation to achieve its set goals depends largely on the ability of its employees to work effectively with each other in a group. Effective team implementation not only increases job satisfaction, but also improves employee motivation (Griffin, Patterson & West 2001, p. 537). There is...
Introduction Close customer relationships are important for profitability growth of any business organization. To maintain customer loyalty in today’s competitive business environment, access to accurate and complete customer information is a recipe in any business. Internet-based customer relationships allow business organizations to manage customer records, monitor the sales opportunities, and...
Introduction Oil prices have been on the rise for the last decade, economic reports reveal that the prices have increased for more than four times during this period. The price of crude oil increased from $ 31.61 in 2004 to $ 131.11. While gasoline prices increased from $1.93 to $4.09...
Introduction Negotiation in an organization alludes to procedures carried out by organizations to present a component of progress that is intended to enhance the execution of roles at the best possible circumstance. In this manner, negotiation is basic in adjusting the input with the execution objectives as a cure towards...
Summary of the Case The targeted case study outlines the major issues affecting Tehindo’s supply chain management (SCM). The company produces and markets two types of tea products to its consumers. These products include “ready-to-drink fruity tea and ready-to-drink jasmine tea” (Pujawan & Er, 2009, p. 221). Each category encounters...
Social media affects marketing in various ways. Due to the limitation of the assignment, only two of these ways will be exploited in the essay. The two ways are how social media affects marketing through communication and also how it affects marketing through advertising. Social media has revolutionized both communication...
The organizational efforts targeted towards change are one of the most central features of successful operational strategies. However, when it comes to the change management, the paradox is inevitable. The paradox is experienced at different levels: teamwork, individual, organizational, inter-organizational, and institutional. Thus, when dealing with changes in a large...
The fact that the performance of a project manager determines the efficiency of a team’s activity is undoubted. Many specialists believe that a leadership strategy is of critical importance to the general success (Nixon, Harrington & Parker 2012).Therefore, one should be particularly careful while planning the work in a group....
Prudent managers should always remember about the probability of crisis events while carrying out their business activities. Ignoring such probability may lead to disastrous consequences so, the managers should do their best to provide the company with the plan for continuous development and functioning and minimizing the losses in the...
The article Management Information Systems and Business Decision Making: Review, Analysis, and Recommendations by Nowduri focuses on the Management Information Systems (MIS) in the context of its influence on the decision-making process (Nowduri 1). Furthermore, the author pays vehement attention to the impact of the decision on the management with...
A critical evaluation of the broader implication of risk to organizations Risk refers to the exposure of a company to a potential threat during its operations or after undertaking a certain project. Risk includes all negative events that hamper the timely completion of a project. Before investing in any project,...
