Working capital can be defined as the organization’s existing assets minus the current liabilities. The assets involve cash flow, short-term investments, accounts receivable, and inventories. Working capital management is a criterion critical to every organization in ensuring the firm is working proficiently. This is guaranteed when the one in charge...
LEGO’s Strategy and Key Characteristics of Strategic Management Strategic management has become one of the major frameworks for allocating resources in the way that benefits the company best in the long term. In relation to LEGO Group, which has experienced a period of crisis before focusing on advanced and innovative...
Job satisfaction is paramount for improved employee performance and productivity. According to Bauer and Erdogan (2012), pay is assumed to be the most significant employee motivating factor. On the contrary, the authors argue that job design influences employees’ job satisfaction the most. Focusing on my workplace, where I work as...
Providing a good working place that would lead to employee satisfaction is one of the main management functions. It is explained by the notion that content with one’s job is strongly associated with motivation and performance. Therefore, this paper will firstly discuss how to ensure adequate workplace safety and security...
The most important thing for me can be called a united and cohesive team. In my opinion, this is the most effective way of working together. In addition, group work with other people inspires us to achieve better results. This is due to the fact that the primary motivation is...
Modernization in the 21st society has increased the level of globalization, thus, interaction of people from diverse cultures, especially in the workplace. Cultural differences in the workplace provide the employees with new social experiences which could result in either success or failure of an organization. Various organizations have different levels...
In the contemporary business world, competition is very high, which increases the value of human capital and talent in the workplace. Performance excellence is the key goal that leads to company profitability and industry dominance. To ensure that employees contribute their best talents and skills to accomplish organizational goals, leadership...
A detailed examination of a product’s characteristics and market conditions is a necessary part of any decision-making process. In the case presented, the vice president of Pintura Corporation’s Industrial Finishes Group, Maria Lopez, is required to make several difficult choices. The demand to provide multiple customers with environmentally friendly industrial...
Introduction Many people from different spheres of our life change their living place, especially in the 21st century, when transportation and technologies made the process much simpler than before. However, every person may be influenced by returning home because of many psychological issues. On the other hand, there are many...
Al-Hawari, M. A., Bani-Melhem, S., & Quratulain, S. (2019). Do frontline employees cope effectively with abusive supervision and customer incivility? Testing the effect of employee resilience. Journal of Business and Psychology. Web. This article is concerned with the impact of abusive supervision and customer incivility on frontline employees’ behavior. The...
The Most Important Values for a Project Considering the further development and promotion of the student Library club idea proposed during the previous writing assignment, there are a number of values the project will require to be completed. While most of the mentioned areas are essentially important, I feel that...
Introduction The most important tasks at the present stage of the development of American society are the preservation and growth of the population, improving the quality of human capital. The low life expectancy of the population is formed mainly due to the super-mortality of the population of working age. Against...
It is necessary to carry out large-scale and complex work to find a suitable person for the job. This process can include various components, depending on how closely managers approach the selection of candidates. While some jobs require just a diploma, other jobs require many general and specialized tests. However,...
Introduction The methods and techniques to increase employees’ motivation are one of the central topics in staff management. Managers investigate these methods through the thorough reading of different case studies describing businesses’ successful attempts to increase staff motivation. The article “Factors Affecting Motivation of Employees in the Public Sector: Case...
Supply chain flexibility has become progressively crucial since it allows businesses to better oversee their funds and resources while still meeting customer demand. Flexibility refers to a supply chain’s ability to recognize and adapt to any short-term problem. Changes in the business environment are causing the market to become more...
Background A well-structured supply chain is critical to a company’s efficiency and profitability. However, each link in the chain is its creature, with its ups and downs and commercial realities. If one link breaks, this will jeopardize the entire chain. Kildow’s template outlines the many stages of developing and maintaining...
Evidently, the company experiences a shortage of office supplies vendors and requires to find new solutions for a long-term relationship. The previous vendors appeared to be unsuitable because they were chosen without a systematic approach. To resolve this issue, I suggest a system of vendor evaluation based on specific criteria....
Introduction Marketing is the art or science that seeks to identify and meet customers’ needs profitably (Kotler & Keller, 2012). Good marketing is a discipline that involves creating effective strategies to counter the inherent marketing challenges while maintaining customer loyalty for success. Marketing enhances demand for products and acceptance for...
Shrimp and other seafood are greatly loved in the United States of America. Americans consume 590 million kilograms of seafood every year and about 1.8 kg per individual (Kelly, 2018). Initially, seafood was a luxury that was only served during exceptional occasions, but it became cheaper a few years ago...
Introduction Project contracts are categorized into three groups: fixed price, cost reimbursable, and time and materials contracts. These groups have different contract types connected to several subcategories. Fixed price contract types include firm fixed price (FFP), fixed price plus incentive fee (FPIF), fixed price determinable (FPR), and fixed price plus...
In the case study under consideration, City Center Hospital’s executive director determined the need for a development consultant (OD) intervention to analyze the situation and identify existing problems. The invited specialist conducted a study, highlighting the organization’s main issue, which is low staff morale and then chose individual interventions to...
Introduction Change model theories are concerned with improving a commercial company’s performance by altering the system of management and employees behavior. One of the most prominent change theories was proposed by John P. Kotter, a renowned expert on leadership and change. Kotter suggests eight steps that would allow to manage...
Feng, J., & Wang, C. (2019). Does abusive supervision always promote employees to hide knowledge? From both reactance and COR perspectives. Journal of Knowledge Management, 23(7), 1455-1474. Web. Knowledge management and sharing are important elements of the effective functioning of modern organizations operating in diverse settings, including the transportation sphere....
M&J Catering and Hosting will be a business initiative, which will be comprised of four major elements. However, one should note that an isolated and prefabricated business model cannot be integrated at its fullest without some form of preliminary testing and measurements. Therefore, it is critical for such an approach...
A new social media policy and acknowledgment is an event that needs to be appropriately delegated to employees. For the most effective familiarization of team members with the new requirements, the manager needs to follow a series of steps that will help him to communicate correctly with employees. First of...
To: Mr. Johnson From: Caroline James Date: June 17, 2021 Subject: Recruitment, Retention and Motivational Challenge There is stiff competition in the labor market as businesses around us are looking for expansion and have new positions to accommodate new employees. From a human resource perspective, the organization has a lot...
Introduction One of the principal contributors to the prosperity and development of various organizations, especially profit-oriented companies, is undoubtedly an effective marketing campaign. In this regard, marketers apply different promotional strategies to create customers’ awareness about products or services, build long-term relationships with them, and enhance their loyalty. This paper...
Nowadays, employers are resorting to using the Internet to hunt for job seekers. The web platform is a savior to the employers because they can inform the whole world about job openings in their organizations at the click of a button. We cannot appreciate the usefulness of the Internet-based recruitment...
Management accounting is mainly concerned with the use of accounting provisions to make conclusive and reliable information that can enhance appropriate decision-making. It essentially includes methods and concepts that can facilitate effective decision-making, control, and plan formulation. Management accounting is somehow different from financial accounting. In this case, management accounting...
Shao, P., Li, A., & Mawritz, M. (2018). Self-protective reactions to peer abusive supervision: The moderating role of prevention focus and the mediating role of performance instrumentality. Journal of Organizational Behavior, 39(1), 12-25. Web. The present source deals with the effects of peer abusive supervision on third parties’ performance. Shao,...
Every person in the modern world has equal rights, obligations, and freedoms. Whether a woman or a man, a certain race or nationality representative deserves the same treatment, regardless of signs, criteria, or conditions. The laws must be observed and held accountable for their violations, and no one can enjoy...
JPMorgan Chase JPMorgan Chase Bank is one of the leading financial institutions in the United States. It has overseas branches in Europe, Asia-Pacific, South America, and Africa. With an employee base of 265,395 people and a total asset of USD 2.6 trillion, this firm is a dominant player in the...
Leadership Theories Transformational Leadership Contingency Leadership Transactional Leadership History It was started in 1973 by James V. Downton and expanded upon by James McGregor Burns in his book “Leadership” in 1978(Steinmann et al., 2018). The concepts surrounding the theory were further expanded to include techniques for success measurement by Bernard...
The modern business environment is characterized by fast changes, and high competition forces organizations to seek ways to reduce direct, operating, and other costs in order to survive and thrive. For this reason, companies can adopt various methods such as Six Sigma, Kaizen, simultaneous engineering, and Just-in-Time production, to name...
Research Analysis The objective of the research was to examine how customers interact with Nike Inc.’s products across several touch points. The analysis sought to explore the attitudes current customers and prospects hold towards the company’s footwear, apparel, equipment, accessories and services as well as shopping. Furthermore, the research intended...
Summary Lapjang Tea is a tea manufacturer based in Pakistan, which has two factories and sells its tea through distribution centers across the state. The tea from the local port in Karachi is transported to the two factories and then to the distribution centers. The strategic issue that Lapjang Tea’s...
Teamwork and team bonding are fundamentally important for creating exemplary collaboration within an organization. Team bonding is characterized by the existence of a common purpose for all the participants who are focused on attaining positive outcomes. Achieving the desired results depends on “each participant, the maximum use of participants’ resources,...
The concepts of diversity and inclusion are not novel to 21st-century employers. By recruiting a diverse workforce and ensuring employees feel comfortable in an inclusive environment, progressive companies increase their workers’ productivity, performance, and engagement. However, having a diverse team does not necessarily reflect the organization’s inclusive climate. To foster...
A recruitment plan is critical to any company’s performance since it defines the roles that need to be filled. The strategy presents an opportunity for an organization to align its goals as well as skill gaps alongside staffing efforts to plan for the year tactically. Many companies fail to plan...
The HRM of a firm has a number of responsibilities that can assist in encouraging and promoting diversity and equality in the workplace. First, the HRM should be able to monitor the diversity within a workspace. Second, HRM may also be responsible for the widening of the talent pool, with...
The contemporary world is marked by rapid technological changes throughout almost all industries, forcing more companies to adopt innovative development strategies to survive and thrive in new realities. Braintrust Toy Company has decided to embrace the current market’s demands by shifting its perspective from product development towards innovation. However, such...
The creative process can be challenging as people come together to develop and realize innovative ideas. Such a process can be influenced by the external and internal elements of the individuals and groups collaborating on a project, either constraining or expediting the whole undertaking. This post will consider various inhibiting...
Introduction The management of material and services purchasing is primarily based on the process of buying particular supplies. The process incorporates the critical aspects of the requirement, identifying and selecting a supplier, as well as negotiating price. Given that purchasing is inherent to a broader procurement operation, it encompasses various...
BoxPlus is a plant producing premium quality shipping boxes for International Paper (IP). The factory receives rolls of paper for box production from the IP company daily. On average, it accepts ten trucks a day carrying eight rolls each. In addition, BoxPlus gets five rail cars every weekday with 20...
Chen, Z. X., & Wang, H. Y. (2017). Abusive supervision and employees’ job performance: A multiple mediation model. Social Behavior and Personality: An International Journal, 45(5), 845-858. Web. The article is concerned with the relationship between employee performance and abusive supervision. The focus was on such areas as organizational justice,...
The social media has hit the world by the storm. This media is comprised of sites such as Facebook, Linkedin, Twitter and Myspace. Everyone wants to be on the social media because it enables people to keep in touch with their old and new friends. In fact, this new trend...
Effective communication is a prerequisite for the achievement of the goals facing the organization. For the effective organization of work and the management of joint coordinated activities, everything related to the reception, processing, and transmission of information is of great importance. In the absence of communication, employees do not have...
Microsoft Corporation is a company that operates in the technology sector. The firm’s evolution over the years of continuous innovation has greatly contributed to its success. The management of this corporate entity has created workable strategies to see the business through serious challenges. Although the company was successful enough to...
Background Information Digital government services are advanced systems aimed at delivering a wide range of services to members of the public. The relevant agencies and institutions rely on the power of superior communication, Internet, and information technologies to support the wider service delivery process (Koo et al., 2020). Some of...
Greenbaum, R. L., Hill, A., Mawritz, M. B., & Quade, M. J. (2017). Employee Machiavellianism to unethical behavior. Journal of Management, 43(2), 585-609. Web. The present article deals with the relationship between abusive supervision and victims’ unethical behaviors. Greenbaum et al. (2017) utilized the trait activation theory to examine the...
Saputo is a Canadian company that sells dairy products and cheese to the domestic and global market. At the moment, Saputo is operating in Canada, the USA, Argentina, Australia, and the UK and sells products to 50 countries (“Over 65 years,” n.d). However, Saputo needs to assess the main markets’...
Atwater, L., Kim, K. Y., Witt, A., Latheef, Z., Callison, K., Elkins, T., & Zheng, D. (2015). Reactions to abusive supervision: Examining the roles of emotions and gender in the USA. The International Journal of Human Resource Management, 27(16), 1874-1899. Web. The article provides insights into the influence of abusive...
It should be noted that empowerment and delegation are the essential components of management. They differ from each other and provide various opportunities for leadership if applied appropriately. The purpose of this paper is to review the main principles of delegation and empowerment that were violated in the case of...
Heads of departments and companies solve many tasks and, to remain effective, must empower their employees and engage them in assignments and projects. Such actions provide more opportunities for employees and ensure their involvement in the work and the manifestation of strong qualities. Otherwise, distrust to employees and the managers’...
Organizational structure refers to a system that outlines how activities should be directed to achieve organizational goals (Ahmady et al., 2016). Some examples of organizational structure include rules, roles, and responsibilities. It also establishes the transfer of information from one level of the organization to the other. For instance, in...
Introduction Growth in any form of organization is very important so that a firm is in the position of sustaining itself. Sustainability may be in form of influencing its viability, structural changes, capacity building of the organization or value addition to the operations of the firm (DePamphilis 2001). If a...
Introduction In the contemporary business environment, a certain shift in the decision-making paradigm is observed. Historically, companies aimed at meeting their internal objectives by, for example, attaining the desired amounts of production or sales levels. While these metrics retain their relevance in the modern environment, new aspects of successful business...
In 2002, the management of Hunt Corp faced additional challenges caused by the growing competitive pressure within the business environment. In response to the new circumstances, the company resorted to offshoring, moving the production of office and graphic supplies to China (Kodama, 2004). This way, the management was able to...
Abstract Wobbly Wheels Distribution Company (WW) is a transport and distribution company that aims at increasing current revenue through incorporation of the IT organization. This paper discusses part one of ITSP development that involves description of the business, current economic climate, and financial goals. In addition, the paper discusses the...
CEOs are constantly trying alternative solutions to increase employees’ productivity. The most obvious way to get a person to work harder is monetary compensation. The technique implies a worker’s understanding of the need to spend their efforts and what rewards they will receive. Different payments are great incentives to motivate...
Do better workplace environmental conditions improve job satisfaction? is the article written by Erro-Garcés, A. and Ferreira, S. and published on 10 May 2019. The paper targets managers, business specialists, and also the general public, as it covers the topic of job satisfaction. The researchers make a hypothesis that workers...
Using excuses is the method of avoiding undesirable work or the indicator of the absence of the willingness to be changed. Usually, excuses are perceived negatively, as most people appear to be confident that refusal to participate in changes is the manifestation of cowardice and weakness. However, I notice that...
Evaluation of organizational behavior is a crucial part of any working process as it helps understand employers’ expectations of and employees’ possibilities. Risk and protective factors are the major components of the environmental model of occupational well-being. Employees are not satisfied with their working conditions, contributing to the work-life balance...
Taiwan Taiwan operates a flexible exchange rate for the reason that there is a great variability in the value of the official foreign exchange reserves. Exchange risk is defined as the variability in the reserves value that is caused by uncertainties in exchange rates. Generally, exchange risk is viewed as...
Introduction Culture encloses the complex whole consisting of everything that people think, do, and have as members of the community. It might be envisaged as a form of a channel that flows down the centuries from one generation to another. Though cultural aspects are intangible and abstract, their influence is...
Introduction Human resource planning is the analysis of organization human resource needs so as to have the required staff with competent skills and qualifications as per to the organizational requirements. It puts into consideration both the internal and external factors affecting an organization. Information acquisition This is the process of...
Introduction The company focuses on a variety of different types of roofs which can be classified into several categories. First, roofs are classified depending on design features, such as flat, gable, with attic, without an attic, mansard, etc. Moreover, there are types of roofs depending on geometric shape, such as...
Labedo Berries is a small business entity run by a family of entrepreneurs. The main activity of this company is the collection and processing of strawberries. In the course of its work, Labedo Berries contacts the farmers, receives their supplies, sorts strawberries, and uses the chocolate blend to add a...
The mission statement of the organization is the principal and most responsible aspect of strategic planning. It represents the central purpose of the company, being an apparent basis for its existence. Without mission statements, management in the organization could be performed only according to the leaders’ values. Mission statements are...
The Tesla company was initially founded with an idea that electric cars can be better, quicker, and more environmentally friendly. Therefore, it was established that the main mission of the organization is “to accelerate the world’s transition to sustainable energy” while the vision is “to create the most compelling car...
Introduction Chief executive officer also known as the managing director is the highest-ranking corporate officer (Bragg, 2011). A CEO in an organization is in control of the management and gives reports about the organization to the Board of Directors (Bragg, 2011). As such, the Board of Directors sets all the...
In business management, there is a great number of various definitions, notions, and concepts important for the understanding of internal and external processes. One should know and apprehend them well enough to successfully operate and maintain a considerable level of performance. Subsequently, the current paper aims at defining and briefly...
Introduction The information systems are considered to be related components that work to collect, analyze, and store the information needed for the decision-making process, cooperation, and controlling the organization. There are two elements that the information systems usually focus on, namely the components and the role that they play in...
Executive Summary The current technological dynamism calls on employees to receive training regularly to keep them at par with the competitors. The training should involve a reliable tracking system to monitor the operations. Moreover, the system should allow the management to consult and analyze the data as per the needs....
Introduction The focus of this paper is on a brief description of the Clayton County Library System. It also focuses on the comparisons between different models of strategic planning. Besides, the paper explains the insights obtained as a result of the comparisons. The Description of the Clayton County Library System...
Background of the Problem Customer relationship management (CRM) provides businesses with an opportunity to gather customer-related information that can be used when developing particular services and products (Ayling, n.d.). Considering current technological improvement, the integration of social media in CRM is expected to enhance customer valuation and market segmentation, etc....
Employees who are recognized have high self-esteem, confidence, and willingness to face new challenges and be innovative as they are motivated to work (Pratheepkanth, 2011). A positive climate motivates employee, enhances his/her productivity, job satisfaction, commitment, and performance. Conflict, however, has a negative effect on organizational commitment (Tella et al.,...
Marketing strategy is the exact and detailed plan devised to reach a goal in any organization (Talloo p.147). For any organisation to succeed or out do the other it must put into consideration the three workable generic marketing tactics to meet its goal in whatever line of business, and these...
A group is a collection of people who come together to carry out a given task. People who form a group may not necessarily be working together but rather could be doing a similar task such as watching a football game. Team on the other hand can be defined as...
Outline This paper analyzes the whether Wal-Mart company is the future of America or not, whether the products of America will still be made overseas or in China and finally it gives a view of what Walmart Company says about the future of America. Introduction Walmart is not the future...
Dell Incorporation is one of the world’s most well known and reputed computer hardware manufacturers and computer distributors in the world operating successfully since the year 1984, when it was founded by Michael Dell. It is the world’s #1 giant computer vendor organization which deals in the direct sale of...
How similar or different would be your approach to continuous improvement in your own organization? Abstract Implementing ISO 9000 is a crucial undertaking of continuous quality improvement in organizations. Continuous improvement can only be sustained if it is carried out throughout the lifespan of an organization. In addition, continuous improvement...
How has your approach to and the concept of your own leadership style evolved as a result of your study in this course? Overall, my studies have enabled me to gain better insight into the duties of leaders. In this case, one should focus on the responsibilities of the followers...
What else should Fred do before choosing a training package? Before choosing a training package, Fred should have carried out an extensive analysis of the company’s performance, tasks, and objectives. While proposing personalized training, employees should be familiar with all the peculiarities of customers they deal with, as well as...
How does Genzyme’s focus on orphan drugs affect the degree of competition it faces? How does it affect the bargaining power of customers? The orphan drugs market represents a relatively low share of the global pharmaceutical industry. This is primarily caused by the fact that, when the branch of the...
Service adhesives Ltd currently employs up to 20% of their workforce on short-term contracts. What effect will this have on the proposed team-based working structure? The 20% of the workforce mainly comes from non-English speaking nations for instance Poland. Further, they form a big percentage for the personnel at lower...
We may put a strong effort into proving that the importance of leadership is nothing more than the “romance of leadership” (Bauer and Edrogan 285); however, the irrefutable evidence of the significance of leadership may be found in history and our everyday life. Without an experienced, wise, and courageous leader,...
Strategic Information Systems Planning (SISP) can be defined as the process of choosing the appropriate computer-based applications for realizing business goals. SISP is regarded as an essential part of developing the business performance of an organization especially in times of the Internet. The introduction of the World Wide Web in...
The word Motivation has been paired with Team since it is one of the most crucial and essential factors. There is a common confusion between groups and teams. There is however a slight difference in the formation of both. A brief introduction of the team and its characteristics has been...
Segmentation of the consumer market is a strategy in marketing where target markets are broken down into groups. These groups are divided on the basis of their needs (Lacobucci, 2001). Target markets with needs that are homogenous are put in the same groups. The groups must also have common priorities...
Given your understanding of the three-stage model of service consumption, how do you feel management can also use this model to enhance the customer experience The three-stage model of service consumption outlined by Lovelock and Wirtz (2011) should be used by management to enhance a positive customer experience. Management has...
Introduction This essay is divided into two segments; the first discussion covers the concept of consumer satisfaction while the second section focuses on the role of the course in understanding consumer behaviors. Besides definitions, the first section will also discuss the impact of consumer satisfaction on marketing and how markets...
Which managerial skill/s in this situation will challenge you to develop and use to successfully manage your team to higher levels of marketing performance? According to Schermerhorn, the most fundamental skills of a manager are; interpersonal, conceptual, decision making, technical, communication skills, and the ability to properly manage time. Interpersonal...
Introduction Project management is the practice of arranging and organizing funds and assets to accomplish certain purposes. The planning process is crucial for a project to be effective and fully achieve its goals and objective. An effective planning process clearly describes each and the activities expected to take place in...
Introduction Such issues as low oil prices, the conflict in Syria, as well as certain financial constraints have contributed to the introduction of VAT in some Middle Eastern countries including the UAE. Although the country was a mecca for many businesses and individuals with its tax-free zone, the United Arab...
The development of new strategies for management allowed the business to improve their work and to create strategies that can be achieved through different approaches. It should be pointed out that one of the possible ways to make progress is to use the portfolio of projects. The primary aim of...
Introduction The workplace is supposed to be a place an employee enjoys being and working. But, in many cases, workplaces have turned to be a boring pace that employees just make routine appearances because they lack motivation. Employee motivation is an important aspect for a company; well-motivated employees are more...
What can affect future HRIS developments? The human resource information system (HRIS) refers to a system that fuses human resource activities with information technology (Walker 5). Through HRIS, data entry, data tracking, management, and several accounting activities are done effectively on a single database. Prior to the late 20th century,...
Introduction The term management is very broad and managers tend to have different natures and different characteristics. What managers opt to do depends on the society in which they operate the organizations. However, every manager is interested in achieving economic goals, such as expanding the business, having more profitability for...
Key Learning Points The study conducted by the group of researchers was aimed at investigating the issues of the business excellence model and its application to the Arabic companies operating in the public sector. Importantly, the research dwells upon the comprehensive set of administration techniques and methods of their application...
Introduction Becoming CEO of eBay, Inc. in the late 1990s, Meg Whitman contributed to the development of the company into the largest online trading corporation in the world. It is possible to analyze the aspects of Meg Whitman’s leadership in relation to Kotter’s Eight Step Process for Creating Major Change,...
There has been increased competition between companies due to the introduction of new technologies since businesses men have ventured into the business sector to generate income and improve on their living standards. Business process reengineering refers to the management process that is used to enhance the efficiency and effectiveness of...
