Deliberate and emergent strategies, often used in strategic planning, have distinct origins. While deliberate strategies are the result of careful development and selection, emergent strategies typically emerge after a company responds to unexpected circumstances, meaning that such techniques are more rushed and not data-supported (Abraham, 2012). Therefore, an emergent strategy...
When it comes to motivating employees, managers must consider several points that include either financial side or psychological side. In this respect, financial side includes monetary rewards for high-quality and prompt results. On the other hand, psychological factor includes basic recognition of one’s hard work and efforts. In this situation,...
Trek’s Buying Center The buying center at Trek is responsible for finding the vendors and suppliers that would correspond to the company’s criteria in the best possible way. The new supplier for Trek is most likely to be chosen by people at the buying center who can evaluate the quality...
Enron Corporation, an American energy business based in Houston, Texas, was involved in an accounting controversy. The corporation declared bankruptcy, and its accounting firm, Arthur Andersen – then one of the world’s top five audit and accounting firms – was virtually disbanded. Enron was recognized as the biggest audit failure...
At the moment, I am pursuing a bachelor’s degree in Business Administration. I hope that this program would better prepare me for employee interactions in prospective managing and administrative jobs, as well as preparing ahead in workplace circumstances. SAS’s personnel management utilizing the POLC framework is characterized by a people-first...
Apple is considered the company with the biggest capitalization in the 21st century. Its market cap is almost three trillions dollars, according to Yahoo Finance. This makes this corporation one of the most interesting businesses to private and institutional investors. While Apple is known as a producer of high-quality items,...
One of the major goals of an effective manager is to ensure the readiness of change from the staff of an organization. The problem is that the organizational culture can be so conservative and rigid that without the managerial skills of persuasion and problem-framing, the organization may experience a production...
Leadership and management are two roles which are essential for the success of any company. At the same time, they must always be taken as a whole since management and leadership greatly complement each other. Essentially, managers are tasked with making the ideas of leaders a reality and executing their...
The code of ethics under consideration consists of three parts: Leading with Integrity, Avoiding Conflicts and Managing Information, Our Winning Culture. The code has an introduction and conclusion, it is completely transparent, which makes it clear, who exactly is responsible for corporate ethics in the company and which specialists are...
Toyota’s Approach and Three Concepts of Responsibility Toyota’s approach to social responsibility relates to the three concepts of social responsibility in various ways. First of all, the company has a responsibility to distribute its profits wisely, which it does by investing in building and upholding its positive image. Second, it...
The business models of Zara and H&M differ in the role of locations. Therefore, they affect these companies’ profitability in the long run. There are several reasons why the mentioned factor is a key principle in the operations of Zara and H&M. First, as per the principles of value creation,...
Organizations need change management to adapt to changes with the least challenges possible. Lewin’s Change Management Model is one of the frameworks for the successful adoption of the change in a company (Hussain et al., 2018). It is a three-step model that helps create permanent alterations by analyzing potential challenges...
The pandemic has drastically changed the business world and particularly human resource management. Over the last couple of years, the corporate world managed to adjust its recruitment processes and employees motivation. The article by Cohen (2021) is focused on evaluating a flexible hybrid work schedule that is now common in...
At some point in their career, every manager encounters a situation when they need to decide on how to address situations involving poorly-performing workers. The current case study concerns a conversation with a top employee who once again began working ineffectively. In order to resolve the problem, I will first...
Introduction Providing feedback in a workplace is an essential part of the workflow. It allows to give the employees the sense of control exhibited by the managers and pinpoint ways for the employee to enhance or stabilize their performance. In addition, it helps to gauge the overall atmosphere among the...
The company under consideration, Crocs, manufactures and sells its own brand of shoes, and the mission and vision statements are explicitly provided on its official website. According to this source, the business strives to provide convenience alongside innovative approaches to its customers (“About us,” n.d.). Its mission statement is as...
I am motivated by a variety of factors, but I prioritize benefits, career advancement, and good relationships with co-workers. While I enjoy my work, I am only able to do so when I have professional and financial safety. I find work that challenges my skills and allows me to develop...
Any company, no matter how carefully its strategic plan is built at a particular stage of its development, may face some strategic issues that need to be addressed. They can be caused by both internal contradictions and external factors, trends, and changes. However, even serious negative factors can be overcome...
Change always presents one of the most critical and challenging problems for companies, requiring significant efforts, assiduous attention, and tight collaboration from all workers. This paper aims to discuss the following question: how can the workforce survive and thrive when disruptive leaders enter the company? Leadership plays a central role...
The main goal of a business is to generate profits, which is achieved through hiring high-performing employees. Companies that adhere to high ethical standards are more successful financially when compared to those that do not do this. According to Nazerian (2018), the “tech industry is “grappling” with recognizing its social...
Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis is one of the prominent tools for examining the characteristics of a business. As a comprehensive analysis method, SWOT allows investigating the current aspects of a company, uncovering its strong points, limitations, opportunities for future growth, and threats that could impede such progress...
To date, the list of management tools that can help a company improve its efficiency includes a truly huge number of different concepts and theories. However, recently, the most popular theories in quality management can be combined into a single concept. The first step in its implementation for many companies...
Summary of Strengths and Weaknesses There are a number of reasons why Netflix is one of the leading streaming service companies. First of all, the firm is successfully operating in many countries across the globe, which makes its brand highly recognizable and trustworthy. Secondly, due to the fact that streaming...
Incentive conflicts are a largely inevitable part of management and governance. As they are potentially detrimental to the successful ongoing functioning of an organization, preventing and addressing them is a key aspect of risk management in general. As in any other sphere, those employed in the pharmaceutical industry can face...
Introduction This specific study aims to analyze the correlation between work-life balance, job satisfaction, and organizational commitment, and employee performance. These mentioned variables will be referred to as three independent variables and a dependent one later on. In the course of the research, three hypotheses were formulated; these are statements...
The interview with a potential employer is critical, and it is important to be able to present yourself in the best light to secure a position. I would like to focus the attention of the employer on my skill set and strengths during the interview. Besides the skills required for...
As per Porter’s model, the competitive forces in the field are primarily determined by low threats of new entrants due to the need for investments in creating content and the power of suppliers as the main advantage because of producers’ growing significance compared to cinemas (Fata, 2019). The rising power...
Ian Davis has opened up to one vital aspect for the success of large companies. The social issue surrounding the business environment has proved to be a bridge between production and consumption. Ian claims that social issues like environmental concerns affect the purchasing power of consumers through a psychological mindset....
The selection of an appropriate business-level strategy is critical for the survival of a business, especially during the pandemic, and Starbucks is one of the companies which successfully manages to address this task. The overall focus of this corporation during this time is the creation of competitive advantage through differentiation...
For an international company to remain competitive in the global market, it should successfully integrate its multiple functions within the core areas of performance to ensure a well-managed supply chain capacity. In this regard, marketing, human resource, and finance are the spheres that play a pivotal role in enabling proper...
Both TOMS Shoes and The Body Shop are widely recognized as business with high social corporate responsibility levels. The main social goal of TOMS Shoes is to provide a pair of shoes for a poor child whenever a new pair of shoes is being purchased from its shops. The founder...
After reading this article, it becomes obvious that the disruption of the global supply chain is an issue, but the significance of that issue is ambiguous due to bizarre authorial choices. Countries are experiencing deficits in food and household goods because of port delays and the national labor shortage. However,...
It is critical to thoroughly comprehend the variations between the nominal interest rate and the marketed rate when estimating the expenses of loans or credit. Money is worth more at the moment than it is in perspective, according to the time value of money (TVM) theory, since money individuals possess...
Strategic initiatives represent the force that gives the organization mass acceleration, overcoming inertia and resistance to change. Strategic initiatives are new projects and programs with specific deadlines. The purpose is to help the organization get the planned results and become the best among companies, the best in the market, to...
In the modern world, there is a high level of competition in almost all areas. Therefore, companies strive to develop strategies and implement policies that would enhance their level of competitiveness. One of the companies that I think has policies contributing to its competitive advantage is the British retailer Lush....
Effective communication is vital for any workplace as it substantially contributes to organizational growth and the business’s overall performance. Furthermore, communication of the company with its partners, competitors, and customers can also translate either into success or failure. There are many factors that can either hinder communication in the workplace...
Transformational leadership has become an essential element of all successful businesses, especially in the banking industry, and trait-based leadership can enhance it even more. In my commercial bank, transformational leadership is the primary style used by managers and is directly linked to the trait theory. Transformational leadership involves influencing employees...
Transactional leadership includes a range of structures and precise regulations within its relationships, and this approach has its benefits and drawbacks. The strong feature of this strategy implies motivating employees to do their best to fulfill their responsibilities (Dartey-Baah, 2015). In addition, it is possible to establish achievable aims for...
Social responsibility is a crucially important aspect of contemporary business. Today, companies are expected to deliver high-quality products and services and act in the best interest of their community, environment, and society as a whole. For example, SaltWater Brewery, a small Florida-based brewery, introduced a six-pack with edible beer rings...
People can stumble upon ads for buying and selling customer databases of various organizations on specialized forums and just with a regular search on the Internet. Banks and state institutions do this, as Internet companies, financial institutions and small private firms do. However, by selling customers’ personal information, organizations risk...
The modern world tends to rapid and sometimes significant changes that establish new rules and norms. The information field has become much easier to master for every person and has significantly impacted human life. However, some things have remained unchanged in their importance and necessity. Ethics, leadership, and effective management...
Evidence shows that gender diversity is one of the aspects of corporate behavior that improves performance and leads to positive outcomes for businesses that engage in such practices. According to the second speaker, diversity does not seem to be helpful on corporate boards because the notion is separate from the...
Gaining valuable experience during my professional career allowed me to explore the fundamentals of entrepreneurship and innovation management more broadly and assess a wide range of opportunities that these areas offer. In addition, through participation in the program on the specifics of international business, I got acquainted with many modern...
BMW, also known as BMW AG or BMW Group, is a publicly-traded company that specializes in manufacturing vehicles. The company utilizes a broad social responsibility program that focuses on reducing the environmental impact of manufacturing processes and increasing the quality of life for BMW associates and society (BMW Group, n.d.)....
Case Study The SWOT analysis is one of the most effective tools to determine the internal and external environment of the organization. The SWOT framework stands for strengths, weaknesses, opportunities, and threats (Benzaghta et al., 2021). The first factor identifies the most advantageous internal characteristics of the organization (Benzaghta et...
Introduction Strategic change management – is a vital part of an organization’s profile that instills growth and development. There is no strategy without a structure. Planning is a key part, yet without action, it remains pointless. Strategy Change Cycle The strategy change cycle (SCC) – is a strategic management process...
The chosen article describes the record-breaking decline of Meta Platforms shares. Meta is one of the biggest technology conglomerates in the world, which encompasses some of the most popular social media platforms, such as Facebook, Instagram, and WhatsApp. Due to the 26.02% plunge, the company experienced a loss of $200...
Employee Perspective Analyzing the topics presented on the Employee Benefit Research Institute’s website (EBRI), I can emphasize that Medicare at the workplace, pension and compensations, and quality of work are the ones that are crucial for me as an employee. As far as many publications are devoted to the surveys...
Business ethics address issues related to social ethics and public policies. Businesses have a great influence on our daily lives today. The public policy perspective invites people to look back from normal business practices and ask themselves questions like how businesses should be structured (DesJardins, 2014, p. 15). The public...
The social responsibility of business is beginning to be actively and successfully implemented all over the world. Companies today are trying to solve society’s problems by investing in the development of medicine, science, production, supporting socially disadvantaged groups, and caring for the environment (Craft, 2018). At the same time, social...
EDM Description Modern ethical decision-making is directly dependent on dozens of individual factors. They define the organization’s structure, its moral principles, and its capabilities (Casali & Perano, 2020). In particular, the aviation industry pays great attention to various aspects of recruiting people. Aviation is a serious and dangerous occupation; therefore,...
I believe that overcoming the strongest fear gives the greatest resource. Only by leaving the comfort zone, I can change my life for the better and achieve my goals. Therefore, I like to try unfamiliar things, and tend to buy products that position themselves as related to the proactive approach...
Background In modern conditions, society needs to adapt to a changing life. After the spread of the coronavirus pandemic, many businesses began to incur large losses due to a sharp decrease in the number of visitors. The solution to this problem was to focus on food delivery services, which are...
Introduction Any leader must possess the ability to give constructive and effective feedback. This is a skill that team leaders and mentors develop throughout the course of their careers. Giving feedback is critical for effective information exchange among teams and groups. It has a favorable impact on communication, team member...
Successfully coordinating and supervising the activities of multiple employees is a task that requires a certain set of skills regardless of specialization. In addition to technical and communication abilities, managers need conceptual skills that utilize abstract thinking and analytic skills that properly identify problems and the best solutions (Pride et...
Transformational leadership presents motivation and encouragement of employees to create changes that might result in future company advancement. The majority of leaders fail to gain clear communication with their followers, coach them to succeed, or motivate them to achieve excellent performance. However, the psychological rewards of transformational leadership inspire workers...
The traditional perspectives on leadership are based on various theories. They have advantages and disadvantages; however, some of them are more appropriate for different organizations. One such theory is a transformational leadership theory, which is evident to a certain extent in the organization under discussion – a commercial bank. Transformational...
The Tuckman and Jensen model of small group development is a powerful yet straightforward model that consists of five stages of development. Borrowing from Tuckman and Jensen, Fulk et al. (2011) show that future work is prepared when teams come together at the first stage, forming. Here, members are introduced...
Culture plays a crucial role in a non-native environment. The development will be positively impacted if one considers it in marketing and routine operations. When establishing and marketing an office in a new country, a banking organization cannot underestimate the role of culture. For example, the population may not trust...
Big brands use nostalgia in their marketing campaigns and even incorporate it into their strategy. This is how companies attract different generations and establish an emotional connection with them. Nostalgic marketing works because it gives the promoted product an emotional value. Brands that have been on the market for a...
Interdependent Workplace Systems Interdependence in the workplace denotes a core conception in organizational design, nonetheless one that has been constantly understudied. Prevailing concepts of interdependence are based on seminal works, shaped at a time when management’s near-perfect comprehension of the work task at hand drives the organization’s design process. A...
Introduction Strategic networks are companies within an industry with more strategic relationships than companies in the same sector. Competitive competition can exist in product marketplaces, where enterprises compete for economic surplus and customers that sales of goods and services to these customers might provide (Prieto‐Sandoval et al., 2019). The primary...
Virtual teams have become an essential part of modern business processes in the current age, promoting distanced social interaction across the world. Distinct guidelines are used to define teamwork in the digital environment (Morrison-Smith & Ruiz, 2020). Contemporary management advice suggests that efficiency in virtual teams is considered accomplished when...
First and foremost, the article by Rowe (2018), entitled “What value-added lessons learned to provide to project management,” was written critically while implementing some other companies’ advertisements. At the very beginning, the author gave an overall image of common people’s attitude to a project manager, their importance, and the quality...
One product that IBM could outsource is its Technology Support Services product. It is a package that has a range of services aimed at tech support, preventive maintenance, and analytics. The elements include hardware and software support services to various extents, with some automated features (IBM, 2021). This would be...
Public Human resource management (PHRM) is a critical part of organization that is mandated with but not limited to staffing and the overall well-being of the staff members. PHRM can prove to be a crucial player in student welfare in public schools. For an excellent human resource sector in public...
The defense industry is the place where people have no right to misalignments. Consequently, the company should have a strong and effective management team to achieve the planned goals with no right for mistake. As one of the largest in capitalization and biggest in the scale of operation companies, Lockheed...
Society needs leaders to unite it and work together towards a common goal. However, it is still debated whether true leaders are born or made. Leadership is an elusive notion, as different disciplines can offer a variety of definitions for it. For example, in management, a leader is a person...
Leadership skills are extremely valuable in the modern world, as they allow organizing effective teamwork. A person’s personal qualities, combined with special knowledge, help achieve a high level of influence. Within organizations, leadership is needed to create a shared vision, mission, and strategy which are supported by all employees. Such...
There are two main ruling paradigms in business that are inside-out and outside-in. This essay discusses the benefits and limitations of the strategies regarding the implementation. The inside-out approach strongly believes that the inner strengths and capabilities of the business structure will make it successful. In contrast, the outside-in approach...
Authority style has been characterized as the practices used to coordinate, spur, direct and oversee gatherings of individuals to achieve important errands. The Visionary Leader moves individuals towards a common vision, subsequently propelling them to advance (Murray, 2010). They straightforwardly share data, subsequently giving information capacity to other people. The...
Small and medium-sized enterprises (SMEs) are vital for the world’s economies, providing two-thirds of jobs around the globe. SMEs go into internationalization to raise profits or lower business risks. However, successful internationalization requires the production of goods to meet recognized standards and planning of the expansion with necessary adjustments. Internationalization...
The essay argues that workplace flexibility is essential in maintaining a productive and healthy work environment. This is a topic that is deeply involved with business administration as the flexibility of working conditions frames the entire function of this field. The key points of the essay include the benefits provided...
Introduction It is widely accepted that human resource management presupposes singling out knowledge, skills, abilities, and other characteristics (KSAOCs) that are required in a certain position. If future employees are not assessed in terms of these parameters during the interview, they are likely to fail to perform their job responsibilities...
In my essay, I consider visual rhetoric as a powerful tool utilized in advertising to attract new customers and create a positive product image. The central aspect of the paper is the ads of Coca-Cola and the use of elements of visual rhetoric in it. My work is primarily intended...
Considering the technological macro factors, the company has significantly developed the production strategy and adjusted its technologies to the changing demand of society. Initially, the company aimed at creating personal computers (Giachetti, 2019). However, with the urgent need for portable devices, the company has changed the direction of its activities...
State activity combines many components since management is carried out in several areas at once. In addition to directly managing political interactions, social and financial issues also need to be addressed. Governance in the latter area can be particularly challenging because of the intersection of political and economic interests. According...
Apple aims to expand by opening new stores and creating new products; thus, product development is a suitable growth strategy. The approach to increase the number of customers and open hundreds of new stores based on implementing new products is beneficial today. Apple is well-known for the innovations they continuously...
H&M has been publishing reports on its socially responsible development for about 20 years in a row. The company is really “leading the change” regarding sustainability and it sets an example for other companies. Firstly, H&M was one of the first companies to use recycled plastic in production. For example,...
Peloton, the famous exercise bike brand, may seem to be facing no issues at all, which does not correspond to the reality. First, the company is experiencing a substantial increase in losses that concerns potential investors (Butler, 2019). The great plans, which Peloton has nevertheless, allow assuming that strategic planning...
The development and communication of a company’s mission, vision, and strategy are seen as important steps in defining the sustainable growth of any business. Apple, Inc. needs to articulate its mission, vision, and strategy more clearly to define its priorities and methods. The organization does not have a specific statement...
Introduction Kenics was founded when both Erick Stevens and Mike Brown, their manufacturing and the automation process of mixing and, most importantly, dispensing systems in 1961. They also used crucial devices that helped them to increase the number of sales. Nevertheless, it is also clear that the salespersons in the...
CVS Pharmacy is one of the largest American pharmacy chains. In addition to providing prescription drugs, CVS offers a wide range of products, including cosmetics and seasonal goods. As for its current fulfillment process, it is possible to buy its products directly in pharmacies and on its online site. However,...
Gardner, Inc.’s practice of assigning responsibility for differences between standard and actual costs is problematic from diverse viewpoints, including the considerations of managerial staff retention and unjust risk-sharing. In the current system, the production department manager is responsible for cost overruns in kitchen cabinet manufacturing projects. This responsibility exists regardless...
Raising weekly fees, deductibles, and copays for the ten employees would not be fair. This is because they are all affected by health conditions. Furthermore, the non-smokers are not the sum of individuals causing the increase in healthcare-related costs. The increment in deductions, weekly pay, and copays should not be...
This article looks at the Titanic wreck in the context of project management, describing the main mistakes and giving tips. Above all, as part of project management, it is essential to take objective measurements, make sure that assumptions are intelligible, and always consider distractions. The imperfection of safety requirements, namely...
Organizational design is a company tool aimed at improving and creating the most appealing image of the organization. Such a system facilitates the development of processes that are vital to the effectiveness of employees. Firstly, the quality of communication between colleagues speeds up the processes, allowing a quick question and...
Process costing system is frequently used in companies that produce similar products in batches, such as Wrigley Company and Pittsburgh Paints. Job costing systems are used in companies specializing in the production of unique products, such as Boeing Company and Lockheed Martin. The company in which I would like to...
Guided coalitions are necessary for effective and seamless organizational change. There are four main features needed to build a functionally guided coalition. First, an organization must ensure that there are enough key players to initiate change. This is known as position power, and without it, those excluded may obstruct progress....
Introduction For this assignment, an imaginary scenario of the conflict within the Human Services Coordination Team (HSCT) would be described concerning the TRIP model of goals. A conflict could be described as the struggle between parties with incompatible goals and limited resources to achieve their aims (Wahl & Maresh-Fuehrer, 2016)....
Netflix is a globally known company that has, in many ways, catalyzed the current era of streaming services dominating the landscape of entertainment. Despite the growing number of competitors, the company maintains its status as an industry leader, balancing high-quality original content with streaming rights for popular films and TV...
Bring Your Own Device (BYOD) policies have undoubtedly increased the danger of internal threats to corporations. The dissatisfied worker on the verge of leaving is perhaps the most hazardous individual a firm can have. Such a person has network and data access. They also have additional options to connect to...
The creation of a multimodal framework in terms of both managerial and marketing banking patterns provides employees with a better perspective on productivity and quality service. When it comes to communication AI data analysis, it becomes evident that both interprofessional interaction and communication with customers benefit from systematization. For example,...
Initial assessed control risk, tests of control, tests of transaction for cash disbursements, and tests for details of cash balances are all used to evaluate the effectiveness of control methods utilized in the company. The compilation of results helps to deepen the analysis of a system within the company, circumstances,...
Motivating employees is a more arduous task than it seems at first. Most workplaces opt for extrinsic incentives such as monetary bonuses, failing to provide personnel with intrinsic motivation to promote long-term commitment to the company. According to Thibault Landry et al. (2017), financial awards and compensation fail to stimulate...
Introduction Business teams need to achieve goals and create and protect value. This response focuses on five skills that studies propose as the prerequisites to success. Discussion: Skills to Have on the Team Creativity Creativity is known as the ability to produce valuable and different results in a consistent manner...
Zara, H&M, and the Gap represent the three largest international fast-fashion brands. Their resources and capabilities are comparable, making them worthy competitors (Johnson et al., 2020). Zara, in relation to H&M, gains more attention from the audience, despite the fact that, according to various sources, the number of stores of...
Microsoft Corporation is one of the leading organizations in the technological industry, possessing particular traits that promote its entrepreneurial and financial achievements. As a prominent electronics developer, Microsoft is heavily focused on advancing innovation. As such, the company conducts and endorses research in artificial intelligence, computing, and human-machine interaction (Ibarra...
This essay examines Zara’s three distinct capabilities that brought the competitive advantage over H&M. Zara’s business model is based on trendy clothes at low-price. The first distinctive capability is Zara’s focus on opening new stores rather than on marketing. Compared with H&M, it does not spend much of its budget...
The function of a manager in a company is often reduced to monitoring and coordinating tasks, yet the specified respective is quite far from reality. Due to the need to coordinate a range of processes, including not only production-related but also organizational and interpersonal issues, a manager must play the...
The integral rule for effective management of any company with high employee turnout is to create convenient work conditions that will retain staff rather than apply some coercive measures achieved by the deception of workers. Managers should also take into account that they should avoid stereotypical thinking that the amount...
Cisco’s mission statement is to “shape the future of the Internet by creating unprecedented value and opportunity for our customers, employees, investors, and ecosystem partners” (Cisco, 2021). From this, people can infer that Cisco’s central aim is to make accessing the web simpler and more productive for everybody. Secondly, upon...
