Introduction Optimizing operational processes is a natural practice utilized in businesses of various profiles. Improving operating modes, updating the technical base, expanding the range of products, and other approaches are implemented as part of such optimization programs. One of the techniques used to change both individual aspects of the workflow...
Company Overview Ben and Jerry’s costing procedures and production expenses provide one of the best areas to investigate managerial accounting. Ice cream producer Ben & Jerry’s was founded in Burlington, Vermont, in 1978. They also have many retail locations across the world. Initially, the concept was a dream and a...
The administration of all the data available to the business, when it is needed at the right moment by the appropriate person, is the main task of the information system. The lack of standards in the data system is where most management problems are found (Kramer, 2019). Workers prefer to...
For-profit and non-profit organizations can use various funding mechanisms and attract new participants in this challenging task. Commercial organizations, as a rule, strive for an equal and fair exchange of their services for money. It can be flight services, delivery of things, and cooking in a restaurant. Non-profit organizations usually...
I found a rather informative blog about sustainable technologies, KnowledgeHut, an article about the MIS agile infrastructure and an explanation of its supporting characteristics. This article presents the existing types of information management systems, their role in quality management, and the pros and cons of using MIS. It also examines...
Introduction Mentorship is a concept that has its origin in ancient Greek literature. According to Adeyemi (2011), the term “mentor” was first used as a name for the personification of Athene, who took human form to become the tutor that Odysseus chose for his son in Homer’s Odyssey. Many terminologies...
Introduction This report provides information on the operations of Crayola, the largest arts and crafts company in the marketplace. In the first quarter of 2020, the company incurred significant losses for the first time in its 100 years of operation due to the lockdown in effect. The situation associated with...
Introduction Professionals design personal development plans (PDPs) to match their current strengths and skills with their goals. A PDP is defined as an effective checklist intended to identify goals, required competencies, and areas that require continuous improvement. This PDP begins by utilizing a Skills Audit template to identify six skills...
Introduction Netflix Company is one of the leading entertainment corporations that provide their customers with access to TV series, movies, animations, documentaries, and games in different genres and languages. Netflix Inc. was founded in 1977 by the current CEO, Reed Hastings, and Marc Randolph, where they rented DVD through the...
Introduction At a time when the frequency and complexity of socio-economic crises are only increasing, traditional personnel management approaches and methods often become incompatible with the reality of continuous and often overlapping organizational changes provoked by crises. The main problem lies in the absence of preventive anti-crisis practices. Moreover, it...
Management knowledge and experience presuppose the presence of such important competencies as flexibility, the ability to accept the situation, to hear and listen, the ability to make choices and take responsibility, and to believe in the result and opportunities. Such professional competencies, or, more correctly, human qualities, help a person...
Overview, Strategic Aspects, Systems-Related Factors For this report, the Kmart department stores network was chosen, which are currently actively implementing self-checkout systems. However, their solution lacks human centred design because it does not meet key customer needs. Thus, within the framework of the report, it is necessary to consider more...
Introduction A structured, comprehensive examination of an organization’s operations, working environment, and culture is known as an organization assessment (Weer & Greenhaus, 2020). The formulation of recommendations and action plans to facilitate the attainment of goals is governed by the organizational assessment process. A nursing care model called shared governance...
Quality is one of the significant aspects impacting the business world. It might help to attract clients and ensure they are ready to spend money to acquire a specific service or product. Under these conditions, quality management is viewed as the main priority nowadays. Continuous improvement is the key to...
Introduction Organizational change entails an ongoing transformation or modification of an organization’s structure, goods, or processes. The process entails bringing the system in line with the organization’s prevailing internal and external environments. The organization may evolve through various life cycles to undergo a complete change. The change may occur once...
Introduction Project management is a type of administration activity aimed at achieving certain intended goals by implementing a set of measures to ensure effective coordination using modern principles, methods, and functions of an economic management mechanism and rational use of all types of resources, taking into account risk factors. This...
Once the company entered the 1990s, 3M started to face a lot of challenges. 3M started to revamp its perspective on worldwide business in the 1990s. International markets were impacted by political and social developments, which made it simpler for 3M to set up one organization to handle its European...
Introduction Customs control is one of the critical institutions of customs law. The significance of customs control is its focus on protecting the fundamental constitutional value – human rights and freedoms- and its direct connection with national security problems. Customs control is the most important activity carried out by customs...
Literature Review The success of any business depends highly on the skills and experiences gained in the field. Various scholars have explored how individuals and organizations can perform well in their operations. According to Bumphus (2017), mentorship is one of the main factors that define how teachers impact their students....
Most businesses today prioritize security as a top concern due to the growing crime rate and several socioeconomic, cultural, and political challenges. Security management has become increasingly important in today’s world for sustaining and gaining competitiveness (Lee, Han and Yoo, 2017). It is feasible to reduce the effects of unexpected...
Introduction The theme of abuse of power in the workplace is heavily debated nowadays, as even in these modern times of progress and human prosperity, situations where power is misused are still present. By exploring the case study of knowledge hiding and abuse of power in the Middle East, readers...
The number of people using electricity vehicles has increased over the past few years leading to increased need for the industry players to ensure the supply chain is managed appropriately. The sales are high demanding great efforts from the manufacturers to reduce the strains in the supply chain. Electric vehicles...
Introduction In the contemporary world, businesses rely on organizational theories and leadership models to dictate the performance of workers. Skills and experiences gained by employees are some of the highly appreciated success factors which businesses depend on. Mentorship is one of the factors that define how teachers impact their students...
Introduction The novel coronavirus has had a tremendous impact on all areas of life. Around the world, many individuals lost their homes, livelihoods and the stability of their daily routines. The process has affected medical organizations, educational institutions, and economies. In the struggle to adapt, both organizations and governments have...
A non-equity strategic alliance is created when two or more firms contract to combine their resources and skills. This may take the shape of a partnership or a joint venture. This kind of non-equity strategic partnership is known as outsourcing (Zafar, 2019). Two or more companies must engage in a...
Introduction When applying for any type of job, experience in the field where a person plans to start his or her career plays a significant role. For the process of adapting to a new work process to go as smoothly as possible, the notion of an FTO Manager is introduced....
Introduction Business is changing rapidly, and sticking to a traditional approach in modern management is often a destructive strategy for an efficient, fast-paced business in a changing marketplace. Meanwhile, there is no need to maintain an essentially conservative approach because technological advances present many development opportunities. Artificial intelligence is an...
Introduction The effective work of any organization comes down to the need to monitor and evaluate employees’ actions. In this regard, performance management (PM) systems are an integral feature of personnel policy (Smither & London, 2009). However, in each case, this policy must be adjusted to the requirements of a...
The notorious global pandemic has fundamentally changed most established paradigms and trends in all key institutions, including the economy. As one can see, entrepreneurship, business administration, and operations management (OM) are no exception. It would be true to say that many of the contemporary processes and efforts of managerial specialists...
Introduction Organizations that want to be profitable and prospective must have well-working management mechanisms. Without them, any company will eventually dive into chaos and inconsistency. The context of the modern global economy demonstrates such commonalities in every industrial sector, especially after the COVID-19 crisis. One of the key debates in...
The first day of the course defines organizational behavior as the study of people’s behavior in the workplace. It examines how individuals, groups, and organizations interact with one another. The objectives of organizational behavior are to anticipate, explain, and manage behavior. This entails gaining insight into an organization’s functioning through...
Introduction The contemporary business world is a sophisticated and complex phenomenon. The fast evolution of science, globalization, the development of various regions, and the fast-evolving nature of the global economy promoted the emergence of specific issues and trends within the given sphere. It remains the fundamental aspect of the world’s...
Introduction The Prada story is one of those unique business cases from which one can learn how to create and maintain strong family brands. It includes all the necessary success factors from the creation of a fantastic product, the undoubted creative talent of the creators, their professionalism and managerial qualities...
There are five marketing management orientations that comprise production orientation, product concept, selling orientation, marketing orientation, and societal marketing orientation. Proponents of the marketing orientation proclaim that the key to achieving the organization’s goals is to identify the needs of target markets and satisfy consumers in ways that are more...
The efficacy of hedging techniques can have significant implications for ACME. Ciorciari (2019) states that financial hedging refers to adopting an investment position to mitigate any adverse price fluctuations in other assets. Successful financial hedging allows for the pursuit of growth, expansion, and economic interdependence while mitigating the danger of...
Introduction Industrial conflicts between employees and employers can be resolved through communication and negotiations between the two parties involved in order to reach a decision. It is also referred to as “collective bargaining” since all sides ultimately agree to adhere to the made points and decisions after much thought and...
Introduction Patient satisfaction with the quality of medical care is an essential parameter of the work of a medical clinic. Quality patient experience is a crucial indicator of the quality of healthcare since it reveals how well the provider meets clients’ expectations and is a major factor in determining patients’...
Background Information In the business sector, various elements affect an organization’s success. Businesses are constantly vying for a more significant market share to generate a sizable annual income. As a result, firms worldwide use various techniques to entice people to adore and buy their products rather than their competitors’ products....
A human resources director is essentially the head of the human resources department, but with a few reservations. Such an employee is responsible for the company’s personnel policy, maintains documentation, conducts training events for personnel, and much more. Experts agree that the main functions of the HR Director are to...
Introduction The topic discusses operations supply chain management, briefly OPSCM, in the manufacturing industry. The goal is to learn the difference between supply chain management and operations management, stages and benefits, as well as processes and planning. The sources used for the research include Intuit QuickBooks, Harvard Business Review, Indeed,...
Ratings, Rating Sources, and Rating Formats Retaining highly skilled employees is a strategic intervention to maintaining organizational prosperity and competitive edge. One rule for reducing low employee turnover is acknowledging their commitment to meeting organizational objectives through appraisal. The best system of rewarding competence is through effective Performance Management (PM),...
Risk Models Finance is a vast field that involves several models and theories used to calculate risks. Some of the most relevant risk models include Value at Risk (VaR) and Expected Shortfall (ES) models. The VaR model is used to quantify the degree of the probability of a financial loss...
Introduction At the current stage of market relations development, the basis of each enterprise’s stable and practical work is the availability of personnel able and ready to work and have a high level of professionalism. The growth of workers’ potential is achieved only with its continuous development through professional training....
Introduction The purpose of this study will be to examine how Google, Toronto Tool Library and their supply chain partners are implementing circular economy activities on the internet and in conjunction with related technology for enhanced waste management. The applied companies can use the ideas of the circular economy and...
Introduction Due to increased globalization, customer expectations are evolving and putting more pressure on supply chains. Thus, businesses must continually reinvent their supply chains to manage and mitigate risks. This study will focus on the Pepsi Co operations chain, which the company uses to satisfy demand between consumers and retailers....
Introduction Nowadays, there is an increase in globalization around the world, which provides an additional driving force for business development. It is formulated by the fact that information is disseminated quickly and efficiently due to globalization, which makes it possible to spread the data. In addition, transport links also contribute...
Organizational behavior is one of the most discussed topics in business circles that strive to improve the performance of their teams. As discussed in the article by Jared Lewis (n.d.), this type of behavior results from “the structure and culture of the organization” (para. 1). For instance, understanding that certain...
The analysis of organizational performance tends to focus on core functions and personnel. However, little is still known about the extent to which peripheral functions affect profitability, corporate culture, employee performance, retention, and other aspects. The interest in these functions is increasing due to various valuable effects, as found in...
Nature of the Change Process Changes in the McDonald’s company are primarily related to changes in the quantity, quality, and interaction patterns of employees of the enterprise. They are associated with a growing desire to organize the workflow so that the manager only coordinates the actions of employees. There is...
Introduction As mentioned in the last assignment, remote working is a working style in which a company or organization allows some workers to work from home. Working from home is a broad term that refers to employees’ capacity to carry out their responsibilities from several locations such as libraries, shared...
Although the research on business communication has provided managers with much data about employees’ behavior, such significant changes as a merger remain a difficult task. Companies still fail to see all the pitfalls in the process of their strategic alliances, and employees display resistance to the proposed changes. The spheres...
Introduction To achieve the aim, it is critical to develop a proper training program and conduct during review. All of these analyses will aid in identifying the best organizational education strategy. A thorough examination and investigation of the numerous mystifications as well as the alternate solution OLM is performed (Edmonds...
A competitive profile matrix is a strategic analysis showing how a company compares with its competitors on various aspects that reveal the strengths and weaknesses of both the company in question and its competitors (Meadows, 2020). After undertaking a competitive profile matrix on my company, Domino’s Pizza Company, against its...
A definition of project management office (PMO) was obtained from an article by Krishnan Kaushik from the following link. A PMO acts as a department that seeks to ensure that projects meet desired standards while enhancing the process in which a project is managed (Kaushik, 2021). In this case, a...
The universalization of trade and the market, for all its benefits, has been a worldwide challenge. Companies are becoming progressively more transnational, and management schools are highlighting the importance of the globalization managers’ perspectives. In the case of operating companies, this includes the need to be more sensitive to the...
The supply chain plays an irreplaceable role in both global and local business. Connecting suppliers, producers, sellers and customers, this process is a necessary part of delivering goods and services to the public. Businesses work to optimize the performance of their supply chains, minimizing costs and increasing efficiency. However, in...
A significant body of scholarly literature has addressed the issue of appropriate ways for CEO’s respond to social issues within the framework of corporate social responsibility and ethics. While the personal position of a head of a company might be validated by their beliefs and values, they might not coincide...
Introduction: Agile System Since Fab Flowers is a delivery firm, I picked the Agile development approach for this application because Agile is an incremental delivery model in which each incrementally provided portion is built through an iteration after each block of time. Even if a project is abandoned in the...
The results of the negotiation style self-assessment that I completed have shown that my negotiation style falls under the ‘compromising’ category. According to my score, I exhibit negotiating characteristics that are moderate to strongly consistent with the Compromising style. This means that in most conflicts and arguments, I try to...
One of the most important economic parameters determining the market strategy for product positioning is the price/quality ratio. Product quality management in an organization requires it to take explicit actions aimed at the competent operation and consumption of resources to create and maintain a given level of quality (Aquilani et...
According to the case study by Tallon et al, three factors underlie the rise of big data. The first reason, as the authors suggest, is the easy access to good, fast and cost-effective means for organizations and people to store a large amount of data. This, as argued in the...
Overview For successful product integration in the market and its competitive performance within the industry, the selection of pricing and distribution strategies has a pivotal role. The choice of pricing approach predetermines the competitiveness of the product and the overall functionality of a company. In a similar manner, the planning...
POLC The abbreviation the POLC functions refer to the description of the planning, organizing, leading, and controlling that are the essential components of the manager’s profession and responsibilities. It is possible to make significant changes using these four functions that contribute not only to the growth and development of the...
Abstract The fields of business intelligence and crisis management have recently emerged as crucial concerns for organizations to address. With the prolonged health crisis and geopolitical disputes in Europe, the global economy is experiencing one of the most significant changes. The purpose of the research study is to identify the...
Introduction In this paper, I will attempt to discuss organizational practices and changes that have occurred in my company. Throughout the course I have been able to look at both my own performance and the internal life of my workplace more thoroughly. I noticed how changes in leadership, corporate culture...
Current and future challenges around Information technology and its role in Operations Management In the contemporary world, operation management plays a critical role in every aspect of an organization. It is utilized when a business desires to expand its operations, improve revenue, and generally satisfy its customers. Operations management mostly...
The article The determinants of organizational change management success: Literature review and case study by Errida and Lofti (2021) identify several factors that affect the change management process. Further, the article examines the relevance of these factors in the case of a Moroccan construction company. By conducting an in-depth review...
Introduction Currently, supply chains are extremely complex in order to meet the needs of customers. The value proposition is a set of all services and goods that the supply chain offers to the consumer (Payne et al., 2020). Modern supply chains have gone beyond the focus of delivering services and...
Organizational administration is based on a variety of theories and approaches regarding conflict resolution and emergency management. One of these aspects is observed in a 2004 paper by Comfort et al. titled “Coordination in complex systems: Increasing efficiency in disaster mitigation and response”, which speaks about HROs dealing with unexpected...
The monitoring and control process is an integral part of good project management. This process is launched from the moment the team of specialists accepts the project for work and initially approves its conditions and details with the customer. This process is the most difficult for many project managers, as...
Introduction Dov Charney founded a clothes brand named American Apparel at the end of the 20th century. In 2010th, the brand was claimed as one of the most influential ones in the fashion world. The company was famous for manufacturing the clothes in Los Angeles and quite provocative advertising since...
Business model Establishing a robust family-operated company requires having a clear structure, an understanding of how business processes will be organized. Since Mommy and Me will be a small business family enterprise, the most efficient course of initial action would be personally assuming full control of the operations. By doing...
Key Vocabulary Stress. To manage. Impact. Challenge. These words are crucial for speaking about the topic of work stress. And now, let us find out the meaning of each of them. The noun stress denotes a great worry caused by a problematic situation or something that leads to this condition;...
PESTEL Analysis PESTEL analysis allows one to identify external factors that affect the company’s activities. In particular, this tool includes consideration of political, economic, social, technological, environmental, and legal factors. This analysis allows one to consider the impact of the macro-environment on the organization and adjust the strategy to minimize...
It was learned that traditional program management is rather ineffective, being inflexible and unadaptable to change. Based on the characteristics of the model, some of them can be changed in favor of agile project management, such as continuous design, flexible scope, embracing change, and high customer interaction (Larson, 2020). The...
Throughout the last ten years, the concept of talent development has undergone critical changes. Within the framework of this memo, the four most important competencies from the ATD Competency Model will be discussed. The importance of this particular model consists in the fact that it delineates the success of the...
Applying the elements of mass customization in services significantly enhances the providers’ understanding of customer needs, allowing for the creation of effective service solutions. According to the basics of mass customization theory, it is necessary to establish a proper mechanism for provider-customer interaction. After that, the companies should use a...
The concept of continuous improvement concerns the non-stop development of a product, service, or business process. The efforts that should be applied during this development can be either incremental or regularly made over a certain period of time, or “breakthrough”. In general, continuous improvement is not a particular process. It...
Introduction Nowadays, the photo services market is developing relatively quickly and successfully. This type of goods will always be popular, as photographs have become an integral part of modern life. The business reviewed in this paper refers to professional studio photography and is called Helios. The activity of the photo...
Executive Summary Low-cost carriers/airlines (LCCs) traces its roots back during the post-deregulation era. The airlines use a different business model: point-to-point route structure. In the recent past, LCCs market has continuously been expanding to include a few international slots. Currently, it is regarded as one of the most profitable airlines...
Human Resource Management (HRM) is vital in healthcare organizations since it helps to systematize the work of new and existing staff. This topic is investigated in the article titled “Role of human resource management in healthcare organizations: A review,” published by M. B. Pillai and O. Senthilraj in 2019. This...
A negative situation that our team faced while working on the project can be described as an ongoing condition caused by the problems with our team members’ time management skills. This condition was initially the result of several individual cases, such as different team members not being able to come...
An organization needs to formulate a vision statement as this describes the company’s purpose and what they want to achieve in the future. Effective formulation, development, and communication of the vision allow the customers to understand the firm’s objective. The vision of Netflix is to become the best global entertainment...
Introduction Competitiveness is one of the leading key elements in creating, developing, and maintaining a successful business for long-term prospects. Therefore, many firms today have a fairly wide range of opportunities to evaluate their abilities and strengths among “opponents” in a particular market or industry. For example, with the help...
Nestlé is the world’s most extensive food company that operates on the principles of nutrition and healthy living. For more than a hundred years of its existence, it has gained worldwide recognition as a manufacturer of high-quality food. It has created a reputation as a decent and reliable partner. This...
Executive Summary Johnson and Johnson has been selected for the business case because it is one of the most successful companies in the healthcare sector globally. However, the organization has not explored its full potential and the implementation of various information management technologies as indicated in the report can help...
Supplier diversity is a business practice that encourages the inclusion of small businesses as suppliers. This diversity provides an opportunity for companies to compete effectively to deliver quality goods. Some advantages of supplier diversity include promoting innovation, providing multiple channels to acquire goods, driving completion, driving economic impact, and attracting...
My peer supports the author’s view that a company’s success is in the hands of its frontline managers. He believes that this source should be considered credible because it summarizes the author’s years of experience as a CEO. I think my peer has managed to address the opposing viewpoints adequately....
The workforce has to be tech-savvy, entrepreneurial, independent, creative, self-motivated, and have a range of other skills for organizations to be successful in the business climate of the 21st century. The rapid speed of globalization and digital transformation leave companies no choice but to ensure their employees meet the modern...
Determining the value of a project is vital for its completion and the identification of the further course of research. By examining the ways in which a project has affected the target stakeholders, as well as general audiences, one will embrace the extent of change produced with the help of...
Benefits of Innovative Approaches The project has several benefits to reap from using innovative and new approaches. As a leader, I think introducing new techniques to the work process is a crucial part of managing a successful business. In the case of our project and organization, the idea of making...
Chipotle is an example of an effective management system that has led the company through the hard times due to foodborne outbreaks several years ago. The organization has developed the proper plan for managing the investments and changing its philosophy and approach toward customers. Thus, Chipotle has earned recognition among...
The decision to change the quality control and improvement measurement will impact the process level, directly affecting the product. According to Cook (2009), “NASA must own the intellectual property rather than use a proprietary design developed and owned by a contractor”. It means that they strive to have autonomy in...
One of the most critical aspects of business that involves manufacturing products is the location to base the manufacture. The production location aspect is vital to all business layers, including consumers, employees, shareholders, and society overall. The decision to locate the manufacturing process overseas closer to places with relatively low...
Introduction In many countries, the shortage of nurses remains a challenging issue. My current workplace, Oroville Hospital, grapples with the same matter in attempts to offer care commensurate to patient’s anticipations. Therefore, there is an urgent need to review and manage the situation for an enhanced rendition of excellent services....
Understanding the environment in which a business organization operates is essential for a successful operation. In fact all organization aspects including revenues, organization nature, location, product prices, personnel policies and the distribution systems are affected by the environment. Organization environment thus connotes the external factors, forces or institutions that affect...
The observations in the paragraph below, from 1970, are still relevant today. Docherty has revealed that it is meaningful to distinguish between the experiences of an implemented information system and the pieces of knowledge of the design and implementation process. The former understandings were formulated in terms of social psychological...
The primary control activity refers to establishing responsibility, which presumes assigning different kinds of liabilities to particular workers. Typically, the most effective results occur when one task is allocated to one specific person. The second principle is the segregation of duties that stand for distributing different tasks to different employees....
The high pace of changes that the modern world experiences almost on a daily basis now demands companies to constantly seek innovation. However, building the right atmosphere for the workers to encourage their creative thinking is not a trivial task. Therefore, the chapter under review seeks to provide practical steps...
The Resource-Based View (RVB) model evaluates a company’s ability to effectively utilize its resources to gain a competitive advantage. The model classifies the resources as tangible and intangible, with the latter being the source of competitive advantage. Key assumptions during the evaluation process include heterogeneity and immobility of resources –...
Differences between LMS and LSS The difference between Lean Management System (LMS) and Lean Six Sigma (LSS) is based on what each tool represents. LMS focuses on the analysis of the workflow that aims to reduce cycle time and eliminate waste. This tool strives to maximize value to customers by...
Custom Food and Feed Corporation (CF&F) is currently experiencing problems that the inspectors of the Tech Department connect to the drawbacks of the Human Resources Management (HRM) of this department. Therefore, as a newly appointed HR manager of the Tech Department, I have considered and negotiated with my team the...
