Introduction Cost accounting in general denotes the process of determining and accumulating the cost of production of any specific product or service. The process involves accounting for the incurrence and control of the cost of production (Horngren et al., 2002). As an accounting discipline, it covers the classification, analysis, and...
Book Summary The Ideal Team Player by Patrick Lencioni is a business management book that discusses the importance of teams in an organization, and the attributes that characterize perfect team players. The author outlines various case scenarios where team building was crucial, and the approaches employed in the respective situations....
Introduction The past performance of a security or asset could be seen in terms of the dividends or returns that it has provided in the past. This is also called the rate of returns of the company. This is made up of several constituents, viz. inflationary trends, liquidity, and also...
Introduction Organizations throughout the world are adopting Total Quality Management (TQM) principles as a strategy to ensure consistency in the delivery of excellent services and products. Arshad and Su (2015) define TQM as a firm-wide management philosophy adopted to ensure continuity in the production of high-quality goods and services. Interested...
Introduction In modern business conditions, for most hotels, the solution to the problems of improving the financial and economic condition and stable capital growth comes to the fore. Revenue management implies the use of accurate analytics that predict consumer behavior at the micromarket level and optimize product/services availability and pricing...
Introduction Like any other business, fashion merchandising involves purchasing already-made clothing materials and reshaping them through molding. These processes should be within the particular market needs to resell clothing products and achieve financial benefits. The enterprise customizes designed materials and sells them both locally and internationally, depending on the market...
Organizational leadership has become a topic for vocal discussion in recent years. It is currently outlined as one of the most crucial constituents of successful internal and external management. Effective leadership helps implement various innovations, strategies, and considerably influences the communication within the organization. Professional development highly depends on the...
Entrepreneurs and professionals in different organizations should consider the importance of personal and professional development. This practice guides them to acquire additional skills, address their key areas of weakness, and engage in activities that can result in overall self-improvement. These gains are transferrable to the targeted followers and eventually improve...
Introduction MTCâs business purpose is to supply its customers, including small- and mid-size businesses, nonprofits, and governmental organizations, with highly professional experts and consultants in business process consulting, IT consulting, and IT outsourcing consulting. Currently, the firm is anticipating expanding procedures, which will require the fast hiring process of numerous...
Outline This article mainly concentrates on making a decision on incident management and problem management. The main focus is to show which one is better, whether the incident management or problem management. This article also includes the explanation of incident management and problem management and also the comparison of both....
Introduction The importance of project management cannot be underestimated when it comes to completing tasks that are comprised of multiple units and require serious team efforts. The development of PMBOK (Project Management Body of Knowledge) became a revelation because it affected how project managers saw their specialty and tried to...
Introduction A company needs to seek ways to optimize its performance continually. Human resources management (HRM) is one of the common sources of the company’s development and growth, as no organization can progress without properly utilizing the tools – or employees – at hand. HRM, alongside innovational technologies, is one...
Create an Annotated Bibliography Canner, N., & Bernstein, E. (2016). Why is micromanagement so infectious? Harvard Business Review, Web. Canner and Bernstein recognize that micromanagement can spread through to organizations in which objectives and accountability are intricately connected. The authors try to elucidate the issue of micromanagement from an ownership...
Today, companies face unprecedented exposures that if a corporation cannot respond quickly to the catastrophe, it can easily collapse. Mendonca et al. (2019) reiterate that the critical distinction between a failing and a prospering business is the level of preparedness and planning. Disaster recovery procedures are chronological processes that guide...
Introduction The performance evaluation system is one of the most critical internal processes in any company. It can be defined as a regular review of how well employees perform their duties (Portolese, 2015). The system can serve several vital functions both for the workers themselves and the organization that employs...
Introduction Project management is critical for organizational success, and businesses should know how to implement their practices. The knowledge areas are some of the inputs that can be used as a guide to be followed by firms to improve project management by selecting the most appropriate bodies of knowledge (VarajĂŁo,...
Introduction Cash management is one of the essential functions of business management that affect a companyâs profitability and success. For a newly-launched business like Rayâs Bonefish Paradise (RBP), choosing the right strategy is critical. Therefore, any credit policy changes should be made with consideration of the companyâs specifics. This paper...
Introduction In the workplace, the ability to accomplish tasks and perform as a team is crucial to fulfilling the needs of an organization. The process of decision-making is complex, and the growing need for new strategies forces people to rely on each other (Higgs, 1996). While effective management and leadership...
Introduction For a company to continue being competitive in the marketplace today, they must comprehend the needs and wants of their customers, and also they must fully analyze their design processes for them to meet their targets and requirements. Companies like Toyota have done a great job in understanding their...
Introduction Insolvency refers to a situation where a business is not able to settle its debts as they fall due. The current economic down surge has rendered many business entities insolvent, the inability to pay creditors on time, pay employees remunerations, and finally reward shareholders as required can only be...
Introduction Tesco Plc is the largest grocery and general retail chain merchandising business in British with International priorities, which has about 2,318 stores worldwide. Every year its profits arises about ÂŁ2 billion and become the fourth-largest retail business in 2008. It also provides the following services- Overview of Tesco Personal...
Executive summary Teams are very important to any successful organization. The effectiveness of teams depends on the leadership style adopted. Foodco is not a new company in the industry and it has had a good position for some time. This paper explores teams in my organizations and how they work...
Introduction The provided report revolves around Accor hotels and the in-depth investigation of policies used by it regarding HRM management. The choice of the object of study is preconditioned by several factors. First of all, Accor is a giant multinational hospitality company that owns and franchises hotels, resorts, and vacation...
Organizational design Organizational design refers to a grouping of activities and roles, procedures, and reporting relationships for effective achievement of organizational objectives. Organizational design is divided into two. (Delegation of authority, 1999) strategic design: this refers to the overall organizational objectives, missions, visions and core value. Organizational design is therefore...
Discussion A prescription of the risk management system is essential for a health care service that is effectively run. A significant reason that justifies the implementation of a risk management system in health care services is that health risks have both negative and positive connotations. Positive connotations enable health care...
Introduction A balanced scorecard can be described as a strategic planning and management system that is used in business and industry. It can also be used in government as well as non-profit organizations to support business activities towards the achievement of the vision and strategy of the organization. It also...
What is the underlying problem in this case from NYCTA President Andy Byfordâs perspective? Andy Byford, who is the head of the New York City Authority (NYCTA), understands that the subway is crumbling because of mismanagement and poor decision-making. His perspective of the challenges facing the transits system can be...
Introduction The case of Western Telephone Manufacturing (WTM) is an example of a failed management innovation strategy. Despite being the first to embrace the Sixth Stigma and Total Quality Management (TQM) principles, they were unable to transition to a new culture in the changed conditions (Swink et al., 2016). However,...
Should Gentry Lee Recommend Launch or Delay for the MBE Mission? What Are the Most Important Factors to Consider in This Decision? The Jet Propulsion Laboratory (JPL) is an American space agency managed by the California Institute of Technology as a contractor of the National Aeronautics and Space Administration (NASA)....
Introduction Within a changing environment, a new style of the business system has got more importance than before. The development of business intelligence systems needs certain analytical tools like vision, money, and patience for their development. The main duty of the Business Intelligence System is to make sure that a...
Company Overview The Coca-Cola Company is a large multinational corporation established in 1892 and is currently headquartered in Atlanta, Georgia (Brondoni, 2019). The most famous product manufactured by the company is its carbonated soft drink, Coca-Cola, which was invented by John Smith Pemberton in 1886 (Brondoni, 2019). However, the corporation...
Background Management accounting refers to the provision and use of accounting information by managers within an organization to guide them in making concrete decisions that will provide them with valuable opportunities to redefine and shape their competitive advantage in a market place. Management accounting is primarily concerned with the internal...
Abstract The natural environment is one of the key elements and determinants of the life of a business. The aim of this study is to investigate how businesses, that is, business owners and managers account for environmental issues, their sensitivity to them, the impact of these issues on decision making...
Introduction When it comes to running a business, it can be challenging but rewarding. When someone is given the opportunity to become a District manager for Dunkin ‘, they are jumping into a leadership role that contains many key components to a well-organized business and continual success. These key components...
The modern concept of project procurement management is based on the idea of the project, in which the project acts not only as a management object with some specific properties but also as a general characteristic of the essence, as a basic property of project management. In this regard, the...
Introduction Management accounting refers to locating the cost of performing a managerial function in an organization, identifying revenues and cost centers, and assigning responsibilities accordingly. With the current global credit crunch, most organizations have been financially compelled to cut their operational as well as fixed costs in order to match...
Managing organizational change is a long-term process that outlines and performs the subtle variations in the corporations and different company teams in the way the employees accept them. Usually, the accomplished strategies are considered so as they will be useful for the company and will not harm the performance of...
One of the factors that will be achieved through the project is the determination of some of the best practices in global talent management with multinationals. It is expected that various international brands employ numerous strategies to ensure that they not only attract the best talents but also retain them....
Planning The selected business case is for health center patient reservation by Canadian Health Systems. The initial assessment of this case shows that it requires a database to improve the effectiveness of its work in the clinic reservations for patients in Dubai. Currently, Canadian Health Systems experiences significant challenges in...
Abstract Computerized maintenance management system (CMMS) is a software that stores information regarding an organizationâs maintenance operations in order to enhance the efficiency of processes and equipment. It can also be used to store records and generate records as proof of regularity compliance. CMMS is commonly used with total productive...
Introduction Within the work, environment ideas surface frequently, yet they are rarely realized (Aagaard 2013; Alexe, Alexe & Militaru 2014). Sometimes it happens due to the lack of will, technical or organizational capabilities. On other occasions, innovations are impractical to the degree that they resemble a utopian wish. Ideas that...
Introduction The Vision of the UAE-2021 â the ambitious concept of state development of the Emirates, proclaimed by the government of the country â involves the widespread introduction of innovations in public services, improving their quality for the benefit of the population. In particular, one of the sections of the...
Effective management is a demanding process, requiring considerable efforts on behalf of the leadership. Business operations comprise a series of steps, and good performance at each stage accounts for the general success. Managers who have experience working at lower positions within the same company are capable of understanding the particularities...
Measurement is a significant part of performance improvement in all types of companies because it allows tracking progress on strategy implementation. True Coop Community Bank’s current strategy is to balance profits and growth, provide high-quality service, and acquire a larger customer base. The application of this strategy requires linking it...
Executive Summary Many organizations and companies rely on team work to solve some of their business challenges. Today, team work is not only a physical phenomenon but many companies have virtual teams due to the fact that numerous employees of multinational companies work in different countries. Additionally, the fact that...
Intention The Company applies the Progressive Discipline Policy to give the employees a clear vision of what behavior, performance, and working culture are expected from them. The Company takes responsibility for supervising the execution of the following rules by the employees. Job autonomy improves work-life balance effectively for employers and...
Every successful business is founded on the premise of identifying and solving a certain market problem by creating value for its customers. For companies to achieve their objectives, they are required to have a functional system to ensure that the different operational needs are met for client satisfaction. However, despite...
Understanding leadership theories helps any leader to be successful in their supervision and leadership duties, mainly if teamwork or a group of people are involved. Furthermore, comprehending leadership theories aids people in recognizing and incorporating their management practice or approach in their leadership role. One of the leadership theories which...
Indisputably, a crucial part of success for any business is a well-structured supply chain. It might seem like a challenging task for a company to choose the right strategy that would benefit it the most, but by taking an in-depth look at other companies’ stories of success, any new business...
Introduction The modern business world is characterised by the increased diversity and the high speed of its development. The technological progress, along with the fast evolution of society, introduces new demands to companies and industries. These requirements should be met to guarantee the growth of firms and their ability to...
There are not many entrepreneurs, who were able to shape the development of the entire industries, and such individuals usually attract the attention of both economists and journalists. Sam Walton is one of such people since he shaped the work of retailing companies in the United States and many other...
Introduction Psychologist Abraham Maslow came up with Maslowâs hierarchy of needs theory in the year 1943 (Maslow, 1954). In his book âMotivation and personality,â Maslow argued that human beings are motivated to satisfy essential needs such as food and water before moving to needs that are more complex in life...
Conflict management is the process of resolving conflicts at a workplace to improve the effectiveness of an organization. Reduction, elimination, or termination of conflicts in a productive way – beyond issuing orders – have become a topical issue for the military leadership in recent years. This paper is aimed at...
Introduction The article written by Klara Palmberg (2010) provides a broad view of the notion of process management as well as explores the ways of combining the functional and process organization. The author of the article identifies the roles of both teams and separate individuals in the implementation of process...
Introduction Change is inevitable in organizations. It enables organizations to re-strategize and adopt new ways of undertaking their activities, which will trigger success (Greenberg & Baron, 2008). Rethinking organizational change entails evaluating the appropriateness of change. Change should be undertaken in order to improve the fortunes of an entity. However,...
Planning the Audit Developing and implementing strategies help businesses to run most of their operations successfully. Organizations with qualified leaders and strategic plans learn to create value and control the market in a manner that increases profit margins. Similarly, planning for an audit is essential because it helps in identifying...
Description of the Leadership Leadership development is a complex concept that implies creating an environment which fosters the process of obtaining new skills to help an organization grow. It takes time to develop strong leaders that have competences and high moral standards to lead others. Leaders influence subordinates by providing...
The development of Oversea-Chinese Banking Corporation (OCBC) represents a long way from working with small sellers to become one of the the most influential financial services groups in Asia. The critical element in this success story is allotted to the skill of selecting and grooming human capital, the view on...
The energy sector is continuously developing, which gives a significant push to inventing new technologies and finding more way to advance the existing ones. It is also involved to a great extent in agriculture, transportation, manufacturing, telecommunication, and other industries. The demand in production increases energy consumption, which creates a...
Information Retrieve and Present Information retrieval requires it to be organized in a database. Information is arranged into data structures that facilitate data collection with database management system DBMS. DBMS ensures that data collected is stored and managed in a high level of quality. DBMS ensure that data available is...
Creating a strategic plan based on personal skills and development is the guiding force in achieving established objectives. The individual program presented in this paper is focused on performing specific steps to reach the five-year goal of attaining a middle managerial position in the current company and short-term interim objectives....
Introduction The world has changed and so has the work place. While there are a number of organizational changes due to the continued complexity associated with doing business today, managerial prerogative has become a thorny issue in human resources discourses. Increasingly, employees are largely dissatisfied with their bosses and others...
Introduction In the current competitive business environment and the global economic volatility, the focus of C-suite managers in large and middle-sized managers is shifting from the growth of revenue to profitability growth. Mittal and Shah explain that companies are keen on cutting costs as much as possible to ensure that...
Introduction Evaluation of an employeeâs performance is an integral part of every organization undertakings (Sims, 2007). The aim of every manager is to have a workforce that is productive and progressive. This helps to maximize the utility of this factor of production. Maximum utility can only be achieved through close...
Introduction The central idea behind critical action learning (CAL) is using power relations to initiate action in an organization (Pedler, 2013). This is particularly true in business because many researchers affirm this idea through their managerial experiences and theoretical findings. For example, Jaideep Praihbhu (cited in Lee & Greenley, 2010)...
Executive Report The present report includes a brief overview of the major issues Atlantis Global Corporation (AGC) faced, an action plan to address them, and the evaluation of the implementation of the suggested measures. The focus of this change project was on talent management that became one of the central...
Organizations face various hurdles in terms of internal and external pressures in the process of achieving their goals. There is a need for strategic planning in various sectors to ensure an organization overcomes the many challenges that hinder its effective performance. While some of these challenges occur due to modernization...
Leadership and management are two very crucial elements in any organization. Although a distinction can be drawn between the two they are closely related and complementary to each other. Leadership can be defined as the art of giving directions and providing innovative ideas to individuals to realize a common goal....
Article Information This paper annotates a mixed-method research article published in the International Journal of Innovation Management in 2020, in volume 24, issue 2. One can access it via Research Gate, and its online publication does not have page numbers. The annotated article’s title is a Business model reconfiguration and...
Leadership Skills Leadership skills are very essential for the personal development of every person. Failure to develop them can lead to far-reaching consequences in every sphere of life. This paper explores the five leadership skills that I feel are most critical to my success. The paper also considers the potential...
Description of small business The Marioâs Coffee house was founded in 1981 and still remains one of the most popular coffee shops in the region. The unique vision of the company is to âcultivate the taste and passions of Europe via Coffeeâ (The Marioâs Coffee Home Page 2010). The complexity...
Introduction Quality management is an organizational approach to understanding customer needs and providing accurate solutions within the confines of the organization’s budget, at the right time, and with minimum loss (Howard, Rosa, and Alan 2004). McDonaldâs Restaurants is a fast-food restaurant that offers its services to many locations around the...
Theories and Techniques Summary Just-in-time (JIT). Just-in-time manufacturing produces on an on-demand basis, meaning that a manufacturing unit produces the required quantity at the exact time itâs needed and keeps minimal material in stock. JIT implementation requires exhaustive planning of the procurement and manufacturing processes. Toyota Production System (TPS). The...
Technology and economy never stand still â their continuous development and evolution are what ensures the changes occurring in human societies throughout history. Throughout the last quarter of the millennium, humanityâs socio-economic development was mainly dominated by the four periods of technological advancement with profound and far-reaching economic and social...
Abstract The present case study helps understand the nature and the significance of the conflict management process. Three positions were discussed such as George Mannâs, Sally Carterâs, and Jane Arnoldâs. In Mannsâ place, I would present the matter as rather a stand-alone occurrence and build an argument around interpersonal and...
Introduction A manager is a person who must coordinate and control some of the processes in the enterprise. In other words, it is someone responsible for the efficient operation of a certain activity. Nowadays, working as a manager is very interesting and difficult. Nevertheless, professionals are always in demand, and...
Leadership skill/behaviour to be developed Challenge it will help you contribute to Type of learning activity Learning outcome expected Period planned for the activity Communication Effective communication means that tasks are understood by the employees, contributing to the objectives of the business. Learn about active listening by reading âActive listeningâ,...
Background Recent developments in The Telecommunication industry There has been a rapid increase in the number of operators in the mobile sector, owing to liberalization across the region. The telecom sector in the middle east region experienced an increase of over 100% in the number of mobile operators, from 19%...
Introduction Modern businesses operate in complex environments and are influenced by social, political, economic, legal, and technological forces. Unethical decision-making can lead enterprises to hurt their stakeholders and damage companies’ profitability in the long run. The present report will focus on Juul Labs, a company producing electronic tobacco products. The...
Dear Sir/Madam, This letter is to congratulate you on the hard work and the devotion that you have displayed towards the company and other co-workers. Since you are the most recent addition to our team, the results of your work and originality of ideas came as a great surprise. Your...
Introduction Project management remains a critical practice for starting businesses or introducing new products successfully. Proper planning and consideration of existing opportunities are evidence-based approaches for delivering quality results. The decision to invest in the confectionery sector is appropriate for the targeted company since it will attract more customers and...
Introduction In the modern globalised world, China becomes one of the largest economies with the most attractive opportunities for investment. However, the policies that underpin the Chinese economy tend to reach their limits due to the decline in returns on investment, which is also accompanied by fierce challenges in the...
Quite often, managers have to make or deliver decisions that hurt employees’ feelings, and this measure is inevitable. The employee’s perception of the decision fairness depends on many factors, such as the personal expectation of specific changes, relationships in the team, the attitude of the management, the way the decision...
Change management is a critical aspect of business growth and development. It is inevitable for an organization that needs to succeed in business operation to cope without reviewing its change management strategies. Change management on many occasions takes different forms and at times it may call for changes in business...
Abstract The business environment in the contemporary world is highly competitive and diverse. Maintenance management refers to the process through which a company identifies and maintains its assets. This tool gives a company a competitive advantage because it optimizes the efficiency of employees, thus boosting productivity levels. Organizational flexibility achieved...
Problem Statement The proposed project seeks to design a revolutionary product that can address the problem of energy shortage. The suggested item or product is a spherical sun power generator. This new innovation is capable of minimizing the challenges associated with photovoltaic cells or solar panels. It will also conserve...
Problems are frequent occurrences in management systems of every organization. Their significance in an organization is demonstrated by the apparent inclusion of problem management strategies in evaluating the success of a management program. Apart from environmental sustainability plans, problem solving strategies are perhaps the most studied and considered element of...
Introduction The report seeks to offer recommendations to Nike Company concerning the negative publicity and a number of charges that the company has faced regarding its labour practices in its Southeast Asian plants. The company has negative image from the media and Trade Unions as well as from Non Governmental...
Introduction Project management is a complicated process incorporating the application of a variety of techniques, tools, and skills to meet the requirements and complete a project successfully. This process involves many tasks and engages numerous specialists, which makes it quite a complicated and important endeavor. If a project is sustainability-related,...
What is megaproject Cities around the world have been dedicated to building megaprojects since the second half of the twentieth century. Megaprojects refer to project, in comparison with others, has a greater magnitude of aspiration levels, size, time of implementation, the role of third parties, as well as the complexity...
Abstract The paper is dedicated to the practices of maintenance management in today’s environment. The study examines various systems of maintenance management applied by modern factories and enterprises of different. The report also contains information on how recent technological developments influence the maintenance of the organization. More precisely, the digitalization...
Introduction Leadership remains an effective organizational tool that helps companies, institutions, and corporations thrive and prosper. It is often associated with high job performance, employee satisfaction, and financial profits (Ngaithe, KâAol, Lewa, & Ndwiga, 2016). Successful leaders can help their teams achieve professional and personal goals by providing support and...
The positions of a leader and a manager are often conflated, which may lead to drastic outcomes. However, the two have comparatively few characteristics in common. Although a leader and a manager share several traits, the goals and functions that are typically attributed to either are very different from each...
Executive Summary The effect of COVID-19 pandemic on the global economy and national business performance is disturbing due to its long-term implications and the scope of uncertainties it implies for the future of some decisive sectors of the economy. The majority of business entities, including small and medium businesses and...
Introduction The concept of creativity is usually associated with artistic activities like drawing, painting, or writing that suggest a personâs using his or her inborn abilities. In spite of the fact that medicine and healthcare are not considered to be the spheres where creativity is required, they need creative workers...
Introduction The most important idea that has to be taken into consideration when dwelling on the issue that the Imperial Hotelâs management is dealing with is the fact that local organizational culture is driven by employee performance. Overall, this recurrently leads to a scenario where month-by-month sales do not increase...
Executive Summary This report discusses service quality dimensions and service management strategies in the context of Hotel Sunnybank. Customer reviews were used as a means of evaluating key service quality dimensions that are accepted within the hospitality industry. The analysis showed that guests are generally satisfied with the quality of...
Abstract Maintenance introduces different actions that are taken to control the condition of equipment and deal with failures in the working process. Regarding the available resources, the staff, and the goals of organizations, leaders could choose between proactive, reactive, and other types of maintenance systems. In this report, attention will...
Introduction Within the last 50 years, the idea of changing industrial societies received growing support. Thinking further momentum is now prioritized in terms of sustainable development of businesses and communities. Innovation is considered to play an essential role in understanding the necessary changes. In particular, the contemporary ways of production...
Introduction The current global market presents both tremendous opportunities and challenges to every potential company that tends to expand its business beyond the local boundaries. In this regard, the management should gain a profound understanding of the rules and tendencies that occur in the global business environment and acquire skills...
Personal development can be defined as a process that serves the purpose of bettering oneâs personal qualities and abilities. Continual development is especially important for those that are leading other people and organizations. Firstly, managers who make a conscious effort to improve themselves can lead their employees by example (Woodcock,...
Purpose of Document This document is about a new plan for the renovation of the new premises for Moving In Ltd. The document outlines the activities that are to be carried out together with their timelines. The plan is in place to ensure that smooth transition takes place. However, there...
