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...
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...
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...
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...
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...
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...
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...
Job outsourcing strategies are an inseparable part of the growing global economy. Such strategies are beneficial for both the country of origin of the transnational corporation and for developing countries, which offer labor. Developed countries, including the United States, gain access to cheaper products with reliable quality, whereas developing countries...
The 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...
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,...
Introduction Janet, a young office manager at a local company, appears to have issues with motivation to move from her current position to begin a potentially risky project. While her job does provide financial stability, she feels dissatisfied with the lack of opportunities for personal growth. This case study will...
Hi everyone, My name is X, and I am currently working towards my bachelor’s degree. I have several goals for my education, and although they might change in the course of the semester, I will work very hard to achieve them. Specifically, I aim to achieve and maintain a high-grade...
The members of a Root Cause Analysis (RCA) teamwork collaboratively in order to facilitate problem-solving use for identifying the faults and problems that resulted in an unfavorable healthcare outcome. In the presented scenario, the RCA team is comprised of the Risk Manager, Pamela, a Staff Nurse, Linda, and a Pharmacy...
The term “whistle-blowing” first surfaced in the late years of the twentieth century. The concept is simple: when an employee sees their company or colleagues partaking in deliberate wrongdoing that concerns public interest, they “blow the whistle” by reporting the misdeed to an authorized person or organization. The issues that...
Modern trends in workforce development are largely revolving around the COVID-19 epidemic. The reason why this topic was selected is because worldwide workforce situation has seen a major shift towards from-home work and a severe alteration in life-to-work balance (Volini et al., 2020). Effectively, it became a singular whole, and...
In my opinion, the majority of strategies applied to providing executive payment are somewhat unfair due to the exceptionally fast-growing net worths of large companies. With thousands of low-wage factory workers (usually from developing countries), the ratio between the executive’s and average worker’s payment can result in hundreds of times...
Good communication at workplace means that people demonstrate mutual respect and can both take the initiative or follow others’ ideas. Communication becomes bad when the involved parties refuse to listen to each other, push only their own side, and thus do not help the working process. Healthy communication between workers...
Entrepreneur Nathan Tuckwell switched to mobile applications for small businesses that track all of the company’s financial movements and keep records. This software fully covers the information and analytical functions of accounting. The analytical function is similar to the information function. However, it includes a more profound analysis in all...
Unemployment is a serious and issue in the United States, with millions of people affected every year. A person is defined as unemployed if they are not working although able but have been “actively looking” for a job for at least 4 weeks, or if they had been temporarily laid...
The article ‘A leader’s guide to why people behave the way they do’ is dedicated to the explanation of motivators of humans’ behavior. It is essential for a leader to clearly understand what makes a person act as he does because, otherwise, the leader loses the ability to influence him....
According to the article by Catmull (2008), based on the example of Pixar, there is an inherent divide on the question of what is best in a striving company, good ideas or excellent professionals. It can be argued that an idea and creativity are critical, particularly in fostering innovation and...
It is hard to disagree that rules play a major role in any professional field. They allow employees to make the right choices and guide their decision-making in difficult situations or dilemmas. The American Institute of Certified Public Accountants provides its Code of Professional Conduct so that practitioners, businesses, and...
In this training, the staff will be provided with basic instructions on how to behave in order to meet the calling and status of our family restaurant. The Country Cookin is more than just a cafeteria where one can get their fill, as all of the employees perceive their work...
Ikea’s Understanding of the Targe Market Ikea is a company, which perfectly comprehends its target market. It is a one-stop-shop, which offers household items at a discounted price. The best Ikea is doing for its customers is the affordable pricing of its products compared to other enterprises. The second advantage...
Starbucks identifies its primary demand by using brand appeal in its marketing strategy. It acknowledges and respects the desire of people to pay for luxury products for the sense that the brand generates the forms of value, prestige, and quality. This essay will evaluate factors affecting the expansion of Starbucks...
Social media is being used in retailing strategies for a long and proved useful in regards to different products and target audiences. In case if implemented in the right way, social media advertising can be efficient for business-to-business marketing. Moreover, the mentioned approach is even more practical than other tools...
Studying organizational behavior (OB) is extremely important to master the art of motivating employees, ensuring the singleness of purpose, and maintaining positive employer-employee relationships. As the first chapter of the course text demonstrates, research efforts focused on OB support the retrieval of practice-oriented information on the determinants of the sense...
Litzky et al (2006) Employers who lead with a confident hand or spot an excessive amount of tension on deals standards might be unconsciously adding to their representatives’ deviant practices. Supervisors should figure out how to recognize the job that they play in setting off worker abnormality. 60% of all...
Supply Chain Management (SCM) is a set of operations that facilitate the effective integration of suppliers, manufacturers, distributors, and sellers. Considering customers’ service requirements, SCM allows providing all operations related to the product with minimal costs. Within SCM, designing services are essential as they aim to implement a new product...
Today, The Walt Disney Company (WDC) is one of the biggest stakeholders in the multi-media business, especially when it comes to films for “catch-all” groups. However, there is no perfect company, so that is crucial to find some drawbacks in WDC’s training model and examine how to upgrade the overall...
Southwest has mastered the low-price model and has the financial results to prove it. The reasons why other airlines don’t copy Southwest’s model It is certainly true that Southwest masters the low-price model and remains one of the most profitable and trusted airlines in the world. The issue that other...
Can Companies Easily Develop Compensation Systems that Are Both Internally Consistent and Market Competitive? What Are Some of the Challenges to This Goal? It goes without saying that a compensation system has an immeasurably significant impact on the company’s growth and development. Compensation may be defined as employees’ rewards earned...
SpaceX is a private company that has challenged NASA’s domination in the U.S. aerospace industry. Aside from manufacturing activities, SpaceX acts as a provider of space transportation services for U.S. governmental agencies. Successful collaboration requires competing and meeting the authoritative buyers’ expectations, so firm-fixed-price (FFP) contracts remain the key pricing...
A vulnerable consumer is any person who cannot obtain certain services due to underlying financial, social, psychological, political, or physical challenges. This essay provides an insight into the characteristics of vulnerable consumers and the significance of the government’s role in safeguarding them. The Characteristics of a Vulnerable Consumer Factors such...
The emergence of such a marketing technique as greenwashing is directly related to the current dominance of consumerism. Unfortunately, now the vast majority of companies fail on sustainability. Hence, it obliges consumers to know how to determine whether a brand’s campaign is greenwashing or not. If it becomes evident that...
The code of ethics is an essential concept in marketing that ensures that businesses maintain a certain standard of quality of products and services. An ethical culture plays a vital role in enhancing a high degree of honesty, professionalism, fairness, and confidentiality in business transactions. Promoting positive interaction with consumers...
Yvon Chouinard chose the leaderless management style for his brand Patagonia, which provides many advantages. He only accepts very independent and purposeful people in his team and then allows them to show creativity. The benefits of this approach are the development of flexible thinking of employees and openness to new...
In a recent city meeting, it was decided that the local government would build a new town hall using long-term bonds, intergovernmental transfers, and public donations. However, the administrators faced difficulties determining how the latter source of revenue should be recorded. For this reason, decision-makers were divided into two groups...
The video includes many helpful features for new servers to help them understand their duties. It highlights what attitude to adopt to make the customers comfortable (“Restaurant Training” 00:01:30-00:01:50). The video emphasizes the importance of following the restaurant’s dress code and having a clean appearance along with a smile (“Restaurant...
Table 1: TOWS analysis. External Opportunities: High demand for FGDs in Asia Rising demand for semi-dry FGD systems Increasing governmental environmental awareness External Threats: Replacement of coal by other energy sources Economic downturn due to COVID-19 Market saturation caused by device longevity Internal Strengths: Advanced technology Reliable products Established reputation...
Luisa via Roma (LVR) is a world retailer of fashion and design for women’s, kids’, and men’s stylish clothes and home decorations. The company dates back to 1930 as a boutique opened by Luisa Jaquin in Florence, France. She later teamed up with her husband to expand the store and...
Working from home has its pros and cons, and while it was new to Bloom at the time of writing, the remote mode is no surprise right now. Productivity from home is usually higher than in the office, but this is an individual issue that depends on the profession, personality,...
The author of this discussion post talks about employee motivation and mentions those factors and their theoretical basis that contribute to workplace performance. These factors are flexibility at the workplace, maintaining a sustainable work-life balance, and applying a rewards management model. It is a great advantage for the post that...
Every project management team should be aware of warning signals to continue its function. The warning signal is any factor that can undermine the expected outcomes of any project, while the related diagnostic signal is following a response to the warning signal (Pascoe, 2021). This essay discusses three warning signals...
TO: John Smith, Supervisor FROM: (Your Name), Sales Agent DATE: SUBJECT: Raise Denying I am writing to discuss the recent denial of my request for a 5% annual salary increase, which was explained by the company’s weak economy at present. I considered the mentioned rationale and wanted to describe to...
Innovation is one of the proficiencies that a project manager should master in order to be competitive in today’s labor market. Producing and implementing ideas into life has been one of the principal success components for leading managers in almost every industry. Given the poignancy of the topic, Anne Sigismund...
Stephen Richards Covey is a wonderful person, a talented writer, and a high-quality specialist in the field of management activities. He is known as the author of publications concerning the issues of leadership and life management. Covey reveals people’s personalities, abilities, and qualities with accuracy and confidence. American specialist’s research...
Supply chain management (SCM) includes every process that the raw material goes through to be considered a “finished good” that can be sold to the customer. The supply chain consists of multiple interconnected actions, and the result is a product that is ready to be used by the customer. While...
There are many ways to draw employees’ attention to the work process. Some of these methods focus on positive interactions between employers and workers (Eisenhauer, n.d.). Other sources suggest using modern technologies in various applications for personal devices (Kashyap, 2020). A variety of approaches allows finding a solution for almost...
Forming a team that will effectively collaborate to achieve success in a project is challenging and depends on various factors. A team is a group of people with specific skills who have a shared goal to achieve outstanding results at a workplace (Bauer & Erdogan, 2017). The primary factor that...
Performance appraisal is a part of organizing business because it helps to re-evaluate employees according to specific criteria. In research from Chartered Institute of Personnel and Development (2016), the fundamental theories of the certification system are social comparison theory, feedback intervention theory, and equity theory. A performance appraisal system is...
People in the work team should be diverse but have a common feature, since this helps to look at the issue from different perspectives. This condition also motivates people to work effectively as employees see each other’s differences and strive to surpass or to be equal to their colleagues. Consequently,...
Employee Motivation It goes without saying that motivation of employees within the framework of human resource management is immeasurably important for any business’s growth and development. Although motivational tools depend on organizational structure, culture, and operational procedures, traditional ones include employees’ professional development, financial incentives, efficient conflict management, and attention...
Businesses are challenged with cultural diversity because of internationalization and migration. It can lead to innovational ideas, enhanced leadership but meet vision conflict. The synthesis of the diversity of people’s views can lead to the creation of masterpieces. Thus, it is necessary to establish a common idea of development and...
Human resource management (HRM) policies are vital to quality improvement in respiratory and other forms of care. One such policy is training and development, which focuses on developing and updating worker skills (Buljac-Samardzic et al., 2020). The training policy of an organization is vital because it determines the activities and...
The article highlights Amazon’s dominance in the online retail field as well as Walmart’s ongoing efforts to overcome it and its effects. The brick-and-mortar giant has gained the favor of a majority of online shoppers in 2020, while Amazon’s approval rating fell from 53% to 45% in the same timeframe....
Validity determines the accuracy of the applied method in the measuring of the intended outcome. Research with high validity generates results that are in line with the real characteristics and properties in the social or physical world. High reliability implies that a given measure is valid and can help ensure...
Employee satisfaction is an essential part of a company’s productivity and has been a hot topic today. Shetrone (2018), in her article 7 Ways to improve employee satisfaction, writes about the key points that supervisors should consider when interacting with their subordinates. The team atmosphere, attitude towards the management, and...
Choosing an appropriate leadership style that will allow one to meet the needs of the target demographic and the established goals may be a very complicated task. The approach to leadership defines the direction in which a team progresses, which means that a poorly selected framework may cause the team...
Leadership is organizing work in a group, where a leader is a person who is listened to and trusted by his/her followers. It is assumed that results depend on followership which is an essential component of leadership. The success and failure of the head can be explained from the perspective...
The work of an adventure guide entails a number of benefits that can be fulfilling to a person in accordance with Maslow’s Hierarchy of needs. The topmost desire a person has in their life is self-fulfillment, and ability to leave an impact on the world and do something significant. The...
In the present day, the majority of companies started to realize that the personality of every employee may contribute to their performance. In other words, every worker may be highly valuable if his or her personality suits an obtained position. Thus, multiple organizations currently apply various psychological tests to choose...
The culture in which individuals are raised determines their behavior in all spheres of life, including work. It often affects human behavior patterns, acceptable frameworks in communication with colleagues, and even a commitment degree. For these reasons, it is essential for managers working in an international team to understand cultural...
While searching for examples of successful hiring practices which provide equal and fair opportunities for all candidates, I found two cases. The first case of successful hiring practice involving equitable opportunities is described in the article by Undurraga (2019) about employment in Chile; there is a standard practice of “selection...
The Technical Intern Training Program provides young men with the opportunity to work in Japanese factories that boast high-end equipment. The experience they get there can be extremely beneficial for their careers back in Vietnam. Moreover, the high management level and the multiple Japanese initiatives ensure that the workers enjoy...
Reduced Lead Time/Cycle Time The lead-time is a period of time need from the beginning of the process until its conclusion. Reducing the lead or cycle time can significantly boost the overall productivity, which will be manifested in an increase in revenue. This reduction is one of the main goals...
To increase the company’s profitability, my group will leverage some of our competencies into mobile markets by developing a mobile version of our interface design. Leveraging is related to innovation processes of “searching for, evaluating, and exploiting new market opportunities for new or existing technologies” (Keinz & Marhold, 2021, p....
Malcolm Jenkins is a two-time Super Bowl Champion and an acclaimed leader. One of his most conspicuous achievements is Malcolm Inc., an organization he founded and currently serves as its chief executive officer. The interview explores Jenkins’ growing business portfolio in addition to his perspective on his broadcasting career and...
Elon Musk is an American entrepreneur who can be considered one of the most prominent and influential leaders in the contemporary world. I chose him to create insight into his activity, as I am confident that his actions play the most significant role in the future of humankind. Elon Musk’s...
There are various leaders in my organization, and I have identified three leadership styles that they have. They include authentic, transformational, and authoritarian leadership; all three have unique features that make them unique. Authentic leadership is characterized by a deep and open relationship between a leader and his followers. That...
Companies continuously look for experts who are comfortable with jobs that lack enough employees and not necessarily what they studied in college. Therefore, in my opinion, the personal characteristics that employers look for in individuals whom they consider for long-term employment include determination, flexibility, and adaptability. According to Diamantidis and...
Shareholders use their knowledge to bring about changes within the management in several ways for better results. It is their responsibility to manage corporations and also ask for results. They are of a significant value to public organizations in that they can purchase bigger stakes in a given short period....
Summary DAV uses SPC because it is interested in enhancing accuracy rather than knowing exactly what the problem is. The tools they had previously used to survey their customers were inaccurate; however, using SPC would enable the company to give the right tools to the customers which would allow the...
In his article, Ed Catmull discusses essential principles of enhancing creativity in Pixar – focusing on people, ensuring continuous innovation, discussing work processes at the level of department directors, and daily discussions with all participants (Catmull, 2008). Pixar traditionally publishes the results of technology research of its employees. Many scholars...
The Fresh Connection is the company that produces fruit juices and delivers the product to retailers. This organization consists of four departments: Purchasing, Operations, Sales, and Supply Chain Management. Throughout the six rounds, these four departments made individual and cooperative strategic decisions to increase the company’s profit. Based on the...
Organizational creativity heavily depends on the development of a culture of openness that encourages every employee, regardless of their status, to provide constructive feedback. According to Csikszentmihalyi (1997) and Rasulzada and Dackert (2009), the psychological well-being of employees strongly depends on organizational creativity within a company. One of the factors...
Even though hard-working employees are valuable for companies, achieving creative, strategic goals requires specific sacrifices from workers and may influence their mental and physical health. Either working in a team or mostly individually, the staff members spend much time and put enormous efforts into reaching the firm’s objectives. However, it...
It is essential to correctly approach the choice of staff for the industry, organization, or company to function effectively. Human Resources (HR) is designed to most successfully manage the company’s personnel. Recruitment, management, and mentoring are usually the responsibilities of each HR department. Thus, first of all, it is important...
Any business intending to have a clear direction of growth and competitiveness needs to dream about where it should be in several years. An organization’s vision statement defines a company’s aspirations and goals. It is instrumental since it keeps a firm on track and from wavering off bearing towards set...
Unfortunately, 2020 is not an easy year for the whole world. Because of the coronavirus, also known as COVID-19, many firms are facing certain implementation restrictions and have to change their usual way of working. It is rather challenging but necessary in order to keep customers and employees safe and...
One of the categories of manager roles that has a significant impact on a team’s work is decisive roles. This category includes such roles as Entrepreneur, Disturbance Handler, Resource Allocator, Negotiator (Mind Tools Editorial Team, n. d.). At the same time, essential skills for a manager are communicating with staff,...
Entertaining, informing, and inspiring people globally through unparalleled story-telling, reflection on the iconic brands, creativity, and innovativeness encompass Walt Disney Company’s mission. The company’s objectives are as follows; Become the world’s greatest entertainment and information company. Create unique and resourceful content for the consumers. Offer outstanding services to the customers....
A product refers to any item or service offered for sale to consumers with a view of satisfying their needs. It may also take the form of a concept or information meant for commercial or non-commercial purposes. Marketers play a vital role in analyzing consumer demands and assigning the value...
The given paper focuses on the concept of the Value Capture Model (VCM). Ryall (2013) states that the VCM defines competition as a tension between the value that a firm takes from interactions with specific agents and the value that it could have obtained from other agents. This concept implies...
In negotiations, HR managers are expected to play a dual role. On the one hand, they should consider the interests of the organization; on the other hand, their responsibility is to improve employees’ positions. In case of Acme Auto Parts, the HR manager should explain to employees the benefits and...
Introduction The main purpose of authorizing this report was to assess if Enterprise Resource Planning (ERP) systems can be profitable to small business ventures. When an interview was carried out with an expert from a small business portfolio, it was found out that ERP systems were indeed vital in small-scale...
Rawabi Holding can receive significant benefits after reorganizing its corporate social responsibility (CSR) and charity programs. Outcomes can be even better after creating a new position of Chief Coordinator (Supervisor) to control and manage these programs. The main focus is on improving the corporate image and reputation of the company...
The best-fit school of thought is the most compelling approach to SHRM. Essentially, organizations operate in different environments, and thus, allowing them to structure their SHRM based on the prevailing conditions allows creativity and dynamism that lead to success. The best-fit approach is practical and pragmatic in its premise because...
Enterprise Resource Planning (ERP) Enterprise Resource Planning (ERP) is an information and communication technology-based system, which integrates the key business functional areas into a single large information system, which is centralized. This large system regulates the flow of information among the different departments and divisions within an organization. Business processes...
Abstract The paper deals with four important issues of human resource management. The notion of “human resource management” is defined and its functions in the organization are stated. The meaning of HR law and its compliance are considered as an important part of doing business. The possible consequences of following...
In the course of organizational change, I have learned theoretical approaches to the matter and acquired skills of analyzing organizational processes. I came to the understanding that organizational change is a complex process that can be approached from different angles. Even though there is a considerable body of theoretical works,...
In his paper, Euchner states that innovation implies “giving something new to the world” (10). However, the simplicity of this definition is deceptive. Many organizations throughout the time have implemented unsuccessful innovation strategies by merely trying to develop new products and technology without taking into consideration that favorable changes may...
Introduction The business process at UMUC haircuts needs to be improved. Customer and employee scheduling is the key business process that needs modification. This presentation explores two main areas: How the proposed solution will boost the performance of UMUC Haircuts. The most important considerations in the adoption of the new...
How do the information systems improve the operation of the business? Transaction processing system Transaction processing system – is a system created with a purpose of answering questions about transactions and recording transaction activity. This system can give information about specific payments and the status of the inventory. It produces...
According to Blanchfield and Ladd (78), a conflict refers to any form of disagreement or inconsistency in reasoning over a given policy within an organisation. It is a case where the views of one group differ from that of another group in such a given setting. This would result into...
You are the financial officer of a U.S. business conducting operations in Mexico. The business has been financed by loans obtained from U.S. banking institutions. You have been informed the Peso is expected to drop by 30 percent against the U.S. dollar over the next year. What actions, if any,...
Organized labor constraints for an international business Organized labor often comes in the form of labor unions, which have the agenda of protecting the rights and privileges of workers or employees from any actions that would potentially threaten their rights, income, or safety. They do so by raising objectives, threatening...
The answer to the question about whether it is better to outsource certain components or to manufacture them in-house depends on several factors; in some circumstances, one option could be better, whereas in others it may be worse. There are several main reasons for outsourcing, such as the requirement to...
