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Introduction It is certain that firms nowadays deal with the realism of cultural range on both intercontinental business and within their associations. The term international commerce or business jointly expresses all commercial operations occurring between two nations at the minimum. These may encompass both private, as well as government businesses....
Introduction A business plan is a vital component in the operation of a firm. According to Rhoda Abrams a financial advice expert and Eugene Kleiner, a venture capital specialist (2003, p. 1), a business plan should be well conceived to ensure that the firm succeeds in the long term. In...
Business Plan Introduction A business plan is a formal plan of a set of business objectives, the factors that make the objectives attainable, and the plan for realizing those objectives. It may include background information about the firm or staff attempting to realize those objectives. Business plans may also aim...
Abstract Whilst the primary objective of most business organizations is the making and maximization of profits, it is always good for companies and other business organizations to uphold ethics in their operations and generally be socially responsible. Despite this fact, some companies have faced insurmountable problems due to their failure...
Introduction According to Sir Paul Judge, the Chairman of the Advisory Board of Judge Institute of Management Studies, University of Cambridge, any firm exists within the changing environment; thus, it has to detect and predict the external changes and react to them, as well as to implement the inner changes...
Executive summary The marketing plan relates to Blue Cap Limited which operates within the UAE beverage industry. In an effort to effectively penetrate the market, the firm intends to launch a new energy drink branded Blue Shark. The report entails a number of sections. The first section entails a situational...
Business Planning Process Introduction Before engaging on any business, an entrepreneur or business first has to identify a viable idea. In this case, an idea is feasible if it has the potential of bringing in profits, or meeting other set objectives. Objectives of the company or individual primarily set course...
Business Planning Process Introduction It is of upmost importance for any entrepreneur to develop a well defined business plan before starting on a potentially viable project. A business plan is simply a detailed account of a proposed idea, and could be used by both businesses and individuals (Gartner & Bellamy...
Introduction and Purpose The city of Dubai has emerged as a home to more than 1.2 million people and forms the most populous city in the United Arab Emirates (Fazli 205). The city has continuously registered progressive growth in the recent past and the trend continues to grow rapidly towards...
The process of making economic decisions is based on several principles. The principles define the circumstances under which the decisions take place and also the thought processes which guide persons as they engage in economic transactions. The most important principles include the need to make trade-offs: the existence of opportunity...
Introduction External social forces have become significant drivers in corporate ethics. This is particularly right for corporations around the world. Corporations are expected to provide powerful consideration to social expectations in the field of general community participation and corporate responsibility. The digital era has imparted considerably to this improved significance...
Introduction Globalisation of industries has become one of the fundamental issues that have marked significant business transformations in the current days. Companies across the world are constantly seeking an international breakthrough and spending a substantial amount of money and time to enhance their global expansion (Deresky, 211). Particularly in the...
Introduction The globalization phenomenon has enhanced even further the need for organizations to concentrate their business activities in more than one country. Various interests drive transnational corporations into expanding their markets and operations into foreign countries. This includes the need to widen the profit margins, the availability of raw materials...
It is important for an organization to have employees and stakeholders who believe in the integrity of the company’s vision. I would take several steps to make employees believe in the integrity of Nice Fit Apparel’s vision. First, I would develop an organizational culture that is based on values that...
Introduction Customer care service refers to “the provision of service to customers by business personnel before, during, and after the purchase of a product or service” (Mittal, Huppertz, and Khare 197). Customers are the businesses most valuable determinants of success. Therefore, businesses have the perception that the quality of customer...
Introduction Successful production and service organizations incorporate into their operations a department that is principally dedicated to conducting logistics management. Such a department is designed to take charge in providing oversight for finances together with information movement from manufacturers all the way to wholesalers, retailers, and finally to the consumers...
Modern age can be characterized by a great level of rivalry. With this in mind, it is possible to say that great effort should be made by a person or organization to remain successful and survive. Additionally, clear structure and organization are the main actors of successes. Enron Scandal can...
Investment in IT has given the Apple Company a competitive advantage in terms of better performance delivery, creation of superior products, and real time customer relationship management. As part of the business intelligence at the Apple Company, the investment in research and development of the latest technology in the ‘Apple...
Introduction According to Mitchell (2006, p. 75), brand history ‘tells us how people used brand as a symbol of identification’. In the past, customers used brand name to differentiate products from different manufacturers. Today, customers not only use brand name to differentiate manufacturers, but also make purchasing decisions. A brand...
It is obvious that people try to choose an occupation, which is interesting for them and which can give moral satisfaction. That is why they created new kinds of jobs for them to be able to realize their potential. Besides, there is a great number of different occupations in the...
Executive Summary Is total quality management enough for competitive advantage? The aim of this paper is to clarify the elements of TQM that are relevant for competitive advantages and to evaluate whether TQM is all that firms need to enjoy competitive advantages. The paper relies on a review of other...
Introduction Organizational learning refers to the process of generating, transferring, and sharing knowledge within an organization in order to improve the productivity, performance, and efficiency of employees (Argote, 2012). This knowledge is generated from the experiences of employees in their efforts to provide quality services to customers. Forms of knowledge...
The term globalization evokes different feelings in different people. There are those who view it as an opportunity to attain high living standards all over the world. On the other hand, there are those who consider it a tool for propagating inequalities. There is a consensus that global integration is...
Introduction Governments have a responsibility to balance between their country’s expenditure and revenue by formulating and enacting monetary and fiscal policies. Moreover, governments should ensure that they balance between the application of the monetary and fiscal policies to stimulate economic growth. This assertion arises from the view that the implemented...
Introduction Organizations are overly interested in hiring persons who can work effectively in a team environment. The goal is to ensure that decisions made by a given work group or team do not depend on the thoughts of one individual. Rather, they need to incorporate the perspectives of different people...
Executive Summary Total quality management is a tool used by firms to enhance their production efficiency. This tool was developed in the 1970s in North America and it spread to Europe and other parts of the world. A number of quality management methods have emerged since then, but total quality...
Abstract The paper examines inventory management as a backbone of supply chain management. It provides an argument to support the claim and then proceeds to discuss other components of decision-making, system development and management in regards to the implementation of inventory management in different organization types. The paper only relies...
Introduction Growth in the use of information technology has led to the development of e-business and e-commerce. Just like marketing includes sales of products, and sales do not necessarily include marketing, e-commerce is part of e-business, but e-business does not necessarily entail e-commerce. To understand the difference between e-business and...
Strategic nature of organizational culture Organizational culture in a company is comprised of beliefs and espoused values that drive the employed toward assuming a specific behavior. Organizational culture can be effectively used as a strategic tool to influence higher levels of business performance for a business. Since organizational cultures are...
Company Story The IKEA Company specializes in home and office furniture. It offers customers practical, well-designed furniture solutions for all their needs. At the same time, it extends the services to storage, handling, and moving its products to make it easier for customers to get value for money and convenience...
Introduction In the contemporary business world, competition has intensified. Organizations are tasked with putting in place strategies to ensure that they stay relevant to the industry of operations. The competition necessitates the need to restructure the operations of business in order to remain profitable. According to Van Dijk (2009), organizations...
Background The flat tax rate policy is a policy that has elicited mixed reactions from policymakers, politicians, taxpayers, and governments across the world. The controversy of the flat tax rate lies in the effects on economic growth and fairness among taxpayers. Fundamentally, the flat tax rate is a form of...
History and Mission Statement Alibaba is an online-based business that was founded in 1999 by Jack Ma. Ma, the company’s current chairman, named the business ‘Alibaba’ because the name was recognizable globally. Alibaba was the first company in China to deal with online business. The company was started in Jack...
Introduction Technology influences interaction between people in the workplace. For instance, social media enables employees to exchange information via chartrooms. Although social media makes people more productive in the workplace, the paper confirms that it is often associated with various ethical issues that have to be addressed to maximize employee...
Introduction The global financial system was in the verge of collapsing during the fall of 2008, which imposed significant effects on the global credit system. This resulted to increasing calls for significant adjustments to be implemented in the financial regulatory system. During 2010 July, the United States Congress enacted a...
International trade theories An effective evaluation of real exchange rate should be preceded by a brief discussion on some of the international trade theories. This is imperative because to begin with, the exchange rate is broadly defined as the price of various currencies in international currency markets and again because...
Abstract Islamic banking has gained immense popularity in all parts of the world. It has emerged as an alternative for conventional banking, which focuses on profit generation and does not give any regard to social welfare and distribution of wealth. Dubai Islamic Bank was the first Islamic bank in the...
Introduction The Asian economic crisis of 1997 and the global financial crisis of 2007-2008 are similar in several fronts, particularly in the failures by responsive governments to control and manage financial markets. Also, both the financial crises were blamed on the failure by various monetary institutions to manage financial risks....
Introduction Every company has a code of conduct that governs the operations in one way, or another. In fact, each company shares its values and rules to gauge the behavior of all employees. Scholars and non-scholars define ethical compliance as due diligence and the promotion of organizational culture, which encourages...
Louis Vuitton Background The Louis Vuitton is a multinational company based in France that was founded in 1854. The company is a renowned fashion house dealing with products such as sunglasses, fragrances, cosmetics, fashion apparel, and cloth distribution. Over the years, the company has spread its business activities across the...
The Ritz-Carlton trademark was founded by Cesar Ritz. The entrepreneur opened the first Carlton Hotel in London in 1899. During the Great Depression period, Johnson Company secured rights to the name of the hotel, and it was instrumental in developing entities under the name internationally. Marriott International purchased the Ritz-Carlton...
Introduction There should be a good strategic foundation on which a marketing plan is based. A good marketing plan will give the company a competitive advantage (Jobber, 2012). This essay is a development of a marketing plan for Lush Cosmetics, which is based in the United Kingdom; however, it has...
Popularity of online shopping activities among consumers is a result of the progress of the Internet in a modern society. The online decision-making process includes stages which are typical for the general buying process, but the character of these stages is different. The consumer who prefers online purchasing activities concentrates...
Abstract This paper explores the notions of business ethics and responsibility. The concepts of ethics and legislation are studied and compared. The ideas of business ethics and corporate social responsibility (CSR) are discussed; the key notions of business law, including business torts and employment legislation, are considered. The specific difficulties...
Abstract The following paper examines LensCrafters Company to determine ways that globalization and technology have affected the company success. The discussion also analyses the mission and vision statements of the company to determine their effects on the company’s success. In addition, the paper analyses ways that the company can be...
Introduction Organizations always entrust managers with the responsibility of leading the employees based on effective decisions. However, to be an effective leaders, it is necessary for a manager to perform certain interpersonal roles such as being a leader, informational, and motivational roles. In addition, an organisation can perform effectively if...
Introduction Public budgeting can be described as the vital practice of revenue allocation for a given government or organization for it to achieve its economic and social obligations. Additionally, budgeting may consist of management of public expenditures in manner that will ensure that the most economic impact is realized (Chantrill,...
Money is a form of medium of exchange used to purchase goods and services. It is the generally accepted unit of exchange, which is used to pay for purchases. Money is created in the mint by the federal bank of the country. Thus, the government issues coins and paper currency,...
Introduction People work in different organizations hence they spend most of their time there. It then follows that while at the workplace, they are likely to face various ethical dilemmas. Some of them occur on a regular basis and affect employees negatively. However, there are ways through which some of...
The Doha Development Agenda The Doha Development Agenda is the current round of trade negotiations that involve members of the World Trade Organization. The negotiations were launched in November 2001 in Doha, Qatar. The major objective of Doha is reforming international trade by establishing reduced trade barriers and enhancing trade...
Introduction According to Stolzer, Halford, and Goglia (2011), safety management system (SMS) is a business management system that is used to help in the management of safety issues in an organization. It is an effective way that helps in the identification and control of risks. One of the features of...
Introduction Orange PLC Company is one of the most profitable international companies in the global business arena. The company has its headquarters in New York. The New York branch has 250 employees in the three departments of production, marketing, human resource management. To survive and control a sizable share of...
A financial crisis is one of the issues that have generated a heated debate among scholars and financial analysts for years. The 2007/08 financial crisis is one of the worst that has ever happened in the global economy. Many scholars and analysts employ various models and theories in explaining the...