Introduction The journal by the name âPay For Performance And Beyondâ written by Bengt Holmstrom is based on a discussion of the work on incentive contracts that involve moral perils. The story is founded on a journey of change from a pay-for-performance model that is narrow to one that broadly...
Organizational and managerial projects in business can be frequently described as multi-dimensional initiatives with a significant degree of importance in the context of the overall corporate prosperity. The term project may be applied to a variety of business operations or strategies and includes, but is not limited to, the development...
Introduction Today’s patterns of social hierarchy and structure, in general, is impossible to imagine without the notion of organizational culture. When speaking of any organization as a unit that needs to find common ground in order to cooperate, the idea of culture implementation may be seen as one of the...
Organizational Profile Description of the Organization I have chosen an Irish cleaning company Momentum Support for this assignment. The main activity of this entity is providing other businesses with cleaning services. People engaged in this industry accomplish a wide range of tasks, starting from janitorial necessities and up to the...
Abstract This paper researches a fundraising event for Humanity is Key. Humanity is Key is a non-profit organization founded in 2007 to provide basic needs to abandoned kids, older adults, and the disabled. Humanity is Key also ensures that refugees and immigrants receive legal services. To provide all the services...
The VRIO framework is primarily used for a firm to measure and evaluate its resources, material or otherwise. It evaluates the potential said resources may have for ensuring prosperity and competitive advantage to the firm, focusing specifically on the capital the top stakeholders maintain an access to. The letters of...
Introduction There have always been different opinions about the advantages of teamwork in comparison to individual work. Sometimes, company managers need to decide whether outsourcing their work to teams is more effective than to individuals. In answering this question, many factors should be taken into account, including the specificity of...
It is well recognized that nonprofit organizations experience significant rates of participant departure. The first article by Ihm and Baek (2021) attempts to clarify the causation of such member flow by exploring the relationship between value congruence and length of stay. This industry sector is dependent on competent and committed...
Team Setup Task Requirements: Skills and knowledge The task at hand will require strategic and operational management knowledge and competence with an emphasis on communication, team building, customer satisfaction, service quality, and customer analysis skills. Since the core areas of focus are centered around quality of service, ethical values, and...
Modern consulting methods have gone beyond the conservative schools and trends that existed in the past. The Appreciative Inquiry method can be considered one of the brightest and most progressive in working with private business problems. This approach focuses on positive discourse and dialogue with company employees and executives and...
Corporate social responsibilities and ethics are some of the most important parts of every business regulation. Basic rules established by workers and managers create a healthy and stable organization. These two definitions play an equally important role in forming an organization, and usually, they cannot exist separately. To achieve a...
Defining Leadership and Management Leaders and managers play a critical role in any business venture. However, there is a substantial difference between leaders and managers and their function in an organization. A variety of theories are employed to define and explain leadership and management. For example, trait theory surmises that...
Introduction Being one of the largest employers worldwide, Walmart continuously hires new personnel of all hierarchical levels. In the past few years, the preference has been given to professional orientation and employee training to deal with the high turnover rates that plague the company for decades. There are three basic...
Introduction The relevance of considering an organization’s management team is that the essential elements of a rationally operating business is effectively working management. There is a close relationship between the practical work of the management team and the competitiveness of the organization. A management team is a functional group consisting...
Performance management is essential for a company’s success and includes assessments and understanding of ways to improve. The article Performance management Evolution written by Brian O’Connell (2020), presents a view of how performance management is changing. The author describes the main trends, the reasons for their strengthening, and the opportunities...
Background In this part, total quality management concepts will be applied to assess Carnival’s customer service. To start with, the essential strategies company implements are identified: These instruments are common to the industry and do not differentiate the company from its competitors. Besides, customer satisfaction is also at an average...
Introduction The Supply Chain Management designs and implements methods to coordinate raw material transportation and delivery, work in progress, processed items and commodities from different manufacturing places to their market destination. Modern businesses acquire factors of production from suppliers before processing and selling them as finished products (Zhou et al.,...
Introduction Operations management is a complex process that refers to all activities in regard to the products or services that a company provides. Every organization undergoes a large variety of operations, including forecasting, capacity planning, scheduling, quality control, service design, etc. (Stevenson, 2005). From these considerations, operations management is crucial...
Supply chain management relies on factors internal and external to a company but is especially impacted by marketing, human resources, and financial services. The three factors of the global supply chain when working separately or in cohesion can impact the general operations and efficiency of a firm. Successful communication, internal...
Maintaining occupational safety represents one of the major priorities of an organization working as a contractor and hiring staff members to work in its setting. While maintaining safety in the workplace and meeting staff membersâ health-related needs has already been quite challenging for several organizations due to the exposure of...
Abstract The assessment of the historical evolution of management can help identify relevant concepts and approaches that originated in different eras and influenced the formation of modern principles of control and interaction with personnel in organizations. The goal is to analyze the achievements of various thinkers, sociologists, and economists regarding...
Introduction Project management is a growing tendency to regulate processes, methods, intellectual capital, skills, and experience to achieve all supposed goals successfully. Project management is a complicated process that requires proficient knowledge of organization and management strategies that can be applied in particular cases. In order to manage all the...
The constant growth of the company sooner or later leads to its entry into the international market. However, exit conditions are often accompanied by the need for changes because with the growth of profits, the same development of the abilities of each employee is necessary. This paper examines aspects of...
Introduction It is hard to disagree that numerous concepts and systems can play an essential role in a company’s image, the number of clients, and overall performance. When talking about customers, it is vital to mention that not only pricing and a wide range of goods and services but also...
Introduction In the continuously changing business environment, companies have to constantly adapt to emerging trends and resolve arising issues to survive and remain competitive. All the modifications of organizational processes directed toward the adaptation to new circumstances are known as change management (Shaikh, 2020). Change management is not a one-time...
Introduction Non-profit or 501(c)(3) organizations are business companies that are given special status due to the public service in various areas. The primary benefit of such positions is the exemption from taxes, granted by the Internal Revenue Service (IRS) in America (Kenton, 2020). In other words, the government acknowledges the...
As mentioned in the business proposition, considerable monetary and the time investment is needed for this business to flourish. In the effort to correctly run a business, the investments and potential purchases made for its growth need to be calculated, evaluated, and understood. For this exact purpose, businesses conduct and...
Introduction While most business entities pursue profits as their cardinal objective, the presence of certain wicked problems present significant challenges that impede the swift realization of this objective. The housing development industry faces numerous challenges given the capital-intensive nature of investments in this particular domain. Many businesses struggle to raise...
Introduction Good leaders have visions of the future that inspire performance. They can communicate their visions effectively to others while relating to others on an interpersonal level to ensure the achievement of their visions. The assignment aims to collect the data and evaluate current HR practices and approaches used by...
Introduction MANUP organization is a mentorship organization focused on enhancing familiesâ lives. It encourages and empowers men to serve as change and growth agents in their societies (MANUP, n.d). As the MANUP co-founder and the chief operating officer, I draw my thoughts and perceptions from the organizationâs situation and departmental...
Corporate social responsibility (CSR) positively impacts all the performance indicators of an organization, including brand differentiation, governance, financial operations, employee commitment, and improved productivity. Companies are increasingly adopting the concept of CSR and ethics as indispensable components of sustainable business activities and the firmsâ obligations to the society in which...
Introduction Organizational culture is one of the most critical elements of an organization. It determines the success of the company and the well-being of its people and customers. In this regard, it is essential to consider how the culture of a company is. Principally, organizational culture defines an organization’s internal...
Introduction The article âEffect of organizational integrity and leadership behavior on organizational excellence: Mediator role of work engagementâ by Hadi AL-Abrrow et al. first appeared in the 2019 edition of the International Journal of Organizational Analysis. The research that served as the basis of the article included confirmatory factor analysis...
Introduction Every organization aims to improve its performance and limit its weaknesses. Managers have also ensured that they introduce different approaches, such as encouraging teamwork and focusing on organizational culture and leadership styles. However, some aspects can impact organizational behavior. For instance, employee satisfaction, motivation, conflicts, and decision-making can primarily...
Introduction This organizational structure explains how allocating, supervising, and coordinating duties are done to attain the company’s mission and purpose. It also describes how a company performs leadership through the designation of responsibilities to managers. A company benefits from this formation in the following significant ways. First, it assists in...
Introduction The current business environment is characterized by stiff competition and ever-changing customer demands. Moreover, globalization, the emergence of new technologies, and mergers and acquisitions have dramatically increased competitive pressure. Coupled with the COVID-19 pandemic, many financial institutions in the banking sector are now facing significant economic crises. Given the...
The Receiving Processes The warehouse receiving process is a critical part of maintaining inventory systems’ integrity and ensuring that products are available. In the absence of an effective receiving system, items do not receive adequate inspection, and there is no evidence of problems with vendors who impact profitability (Molavi, Shahmardan,...
Summary Quality management involves the practice of controlling and planning various organizational activities for purposes of aligning the product and service with its specifications Quality management’s critical components entails quality planning, quality assurance, quality control, and quality improvement. Planning involves determining the standards of quality in organizational performance before meeting...
Background Business policy and organizational culture have become the key to the success of any enterprise these days. Companies understand the changing environment of the economy and the market; therefore, they spend much effort optimizing corporate management. This concept includes several aspects, such as leadership positioning, recruitment, company culture, ethics...
Innovation and Change A dynamic business environment requires modern organizations to be flexible and adapt to changing trends and consumer interests. Therefore, the concept of innovation and change, promoted in different areas, is a relevant methodology to address such changes and meet the needs and interests of the target market....
High-performance teams and comprehensive OD interventions OD interventions are activities that engage various organizational members in a task pointed towards the improvement of the organizational system or performance. Depending on the situation and organizationâs size, OD intervention may engage specific organizational administrative units, top management, or all organization members. Comprehensive...
Summary The book Good to Great: why some companies make leap and others donât by Jim Collins is a management book that is very significant. This book helps companies to make a change from a good performance to a great one. Collins explains the concepts of good to great performance...
Background of the study Public and religious organizations are voluntary communities which are founded on shared interests and needs. As non-profit organizations (NPO), they can only engage in entrepreneurship if it meets the statutory goals and aims to achieve them. Members of public and religious organizations do not retain the...
Introduction Cirque du Soleil is one of the worldwide known organizations in the entertainment field that has been offering its services during the last 37 years. It is characterized by a variety of well-planned strategies and approaches. According to its head of Enterprise Architecture, Marc Gagnon, the key success factors...
Introduction Managers must create an operation strategy by emphasizing essential factors, including corporate strategy, operational experiences, business strategy, and ideas involved in an operations strategy. An operation strategy is vital to any organization because it facilitates the achievement of the goals of an organization (Reid and Sanders, 2019, pp. 1-10)....
Introduction There is no doubt that evolution is an essential part of the life of any system. Biological life, technological progress, and even the economic sector are subject to metamorphosis. The latter implies a progressive development of enterprises based primarily on the negation of stability. The idea underlying this critical...
Introduction Business organizations undertake a wide range of activities that are intended to deliver profits. One of such functions that are essential in any firm is supply chain management (SCM). This strategy refers to the manner in which companies acquire raw materials that are then processed to deliver the intended...
In the case of Codman and Shurtleff, one can detect how well the industry coordinates their financial planning and control process. As the reader observes, they encounter plethora of issues, which reveal the strengths and weaknesses of their systems. Their reporting relationships are mainly based on the principles of decentralized...
Abstract This paper draws on set assessment exercises to create an action plan to improve CSR initiatives in the aviation industry. The action plan suggests possible strategies that airlines could implement to promote the realization of Sustainable Development Goals (SDGs). The action plan draws on personal experiences accrued in the...
Project Management is a set of methods, knowledge, skills, and tools to develop, create, and improve a product with signs of uniqueness. This creative activity is designed to implement the project with the maximum possible efficiency and under certain restrictions on time, money, and resources and the quality of the...
Executive Summary The business environment has become more complex such that firms cannot handle all aspects of production on their own. The focus of this report will be on the selection of a supplier for Hydrec Ltd., a designer and manufacturer of forecourt petrol dispensers for the European market. The...
Abstract Chevron is among the largest companies in the oil and gas industry and operates in several nations. The companyâs operational management manifests itself in its Operational Excellence Management System (OEMs), which utilizes at its core the ideas gathered from both Lean and Agile theories (Chevron, 2021a). Such an approach...
Introduction These days, market competition has increased significantly, requiring the highest level of management quality. Considering all aspects of the internal and external environment to survive in this competitive market, most profitable companies achieve success through their innovations in business strategies and models. The long-term profitability of any organization follows...
The MBA program has been one of the most challenging but also rewarding personal and academic experiences. I entered the program with some expectations, but it has proven to be much more than I initially thought. It is without a doubt going to influence the rest of my professional career...
Abstract Examining the connection between the company’s sustainable practices and financial performance is essential in the context of the current trends in business practices. This paper analyses the corporate sustainability disclosure and practices of Boeing as a large and successful company that overcomes industrial downturns and retains its leading position...
Executive Summary The COVID-19 pandemic has presented businesses with far-reaching consequences. Only with effective operational strategies that businesses can remain afloat. Starbucks is a company that requires consumers to visit their premises for services and products offered. With lockdowns and quarantines, however, this business model lacks continuity during a crisis....
Introduction The article âThe Fit between Employeesâ Perception and the Organizationâs Behavior in Terms of Corporate Social Responsibilityâ by Sora Kang et al. first appeared in the 2018 edition of the Sustainability journal. The main purpose of this research and survey behind it was to examine how interrelation of employeesâ...
These days, intense market competition, accompanied by socio-economic, scientific and technological development, set advanced requirements for the quality of management of companies. It also requires detailed examination and new approaches to long-term strategic risks. The idea of integrated reporting follows a current vision of a performing entity. Sustainability and corporate...
Introduction International expansion is a usual stage of the natural development of the business. Having achieved good results in the domestic market, prosperous companies will always envision new projects abroad. An in-depth analysis of the country is required before implementing any measures aimed at expansion. Root’s model provides experts with...
Project management has gained massive popularity in the global society as a tool that is used to undertake major developmental initiatives. According to O’Neil (2019), the concept has gained massive popularity because of the approach of assigning specific resources that have to be utilised within a given period to achieve...
Introduction Nowadays, societies all around the world are dealing with environmental and socioeconomic issues. Therefore the term “sustainability” is becoming more popular in the corporate world. The shift into the knowledge economy, where knowledge is seen as the primary source of value creation, has also heightened interest in organizational knowledge...
Introduction In the world of business, there are many approaches to running a business. Franchising is growing in popularity as an essential tool for businesses in their international expansion. Franchising is a legal agreement in the form of a contract that allows one parent organization (a franchisor) with a product,...
Abstract Operations management is a vital component of every business that strives for success. The previous research has shown that management in operations plays a crucial role in a companyâs profit rates. Positions in operations management are valuable and provide high compensation to the workers. This type of management is...
The firm and the operational processes required to create, manufacture, distribute, and use an item or brand are referred to as supply chains (Hugos, 2018). By proactively managing connections with supply chain partners, a business organization can achieve a competitive edge (Lambert and Enz, 2017). Additionally, Hugos (2018) insinuates that...
The theory of scientific management is also frequently referred to as Taylorism after its author, Frederick Winslow Taylor. He was among the earliest management theorists in the twentieth century when the most considerable achievements in managing work and business were made (Mind Tools Content Team). The novelty of his ideas...
Introduction Organizational conflict is inevitable because workers have different interests, perceptions, values, needs, and understanding about the way work should be done. Conflict is a natural part of working places and takes many forms with varying impacts on individuals as well as the firm’s productivity. Notably, institutional conflict can be...
The activity of any organization requires management since its effective functioning and development, and in general, existence is impossible without it. In addition, the management of an organization determines the attitude of other organizations towards it and has a significant impact on their response management decisions. That is, the interests...
Summary One of the critical enablers of effective transportation and logistics include the internet of things (IoT). The technology has immense benefits in the industry and is revolutionizing supply chain management. The innovation is comprised of multiple components that are categorized into communication, infrastructure, application, sensing, and service layers. Even...
It is important to note that International Business Machines or IBMâs recent report on IBM 2020 Diversity & Inclusion is indicative of the fact that the company has a strategic plan to increase equity and related areas of improvement. The plan is rooted in three major steps, which were undertaken...
Introduction It has been proven that the integration of Lean Six Sigma and innovation tools may provide the most effective results for an organization. According to Jones (2014), Six Sigmas can be merged with innovative strategies to improve the technological path of the company and meet the expectations of its...
Introduction Devising a stable and efficient branch of any organization is an essential part of its further development. Researchers claim that a company is most likely to achieve success when significant attention is given to such features as organizational and job designs (Baack et al., 2014). Even though there are...
Abstract The broader business environment bears several risks and threats associated with losses. To survive these threats and mitigate losses from diverse risks, organizations have to develop resilience to ensure that they remain operational during hard times. Due to this, an adaptable business culture has become a conceptual core for...
In an organization, as if in a living organism, self-regulation processes take place, which enable it to maintain the relative stability of its composition and ensure the constancy of the fulfillment of fundamental functions for moving towards goals and solving problems. In the theory of management and the theory of...
Barcelona Wire Drawing (WD) Company was established in 1960 by a businessman known as David Ortega. The company began its operations in Barcelona, Spain, with ten employees, including the owner. It previously started by repairing Tungsten Carbide Dies but later changed to fix Diamond Dies in 1975. The main reason...
Introduction Technological advancement is rapidly creating changes in the way of doing work and workplace cultures. It has made it possible for teams to work remotely at their convenient places away from the office. This has encouraged the development of improved methods to manage remote workers without seeing or interacting...
Technology is fast changing todayâs world. This is both at personal and career levels. It is arguable that technology and innovation have made both home and work life. Indeed, some of the things that families had to do without todayâs tech at home were cumbersome and time-consuming. For instance, washing...
Introduction Locus Fermentation Solutions (Locus FS) is a biotechnology firm that uses microbial metabolites to develop various products for health and beauty, agriculture, and industry. This private company was started in 2013 in Solon, Ohio, and has opened offices in five different states across the country (âLocus Fermentation Solutions,â 2020)....
Introduction Amazon is one of the worldâs largest retail companies, occupying the leading position in the electronic segment of the market. Its business model has a long history of success determined by the active use of digital innovation and promotion of convenient retail formats for the end consumer. Indeed, Amazon...
Introduction The first stage in the project management cycle is the initiation phase. It involves the identification of the business problem/opportunity, the definition of a solution, the formation of a project, and the establishment of the project team presenting the solution to the customer. A business case is created during...
Introduction Companies are always trying to better assess and measure the performance of their employees. The purpose of performance management is to improve the performance of a company via stimuli. It is also in line with the broader company objectives and tasks, employees, and individual objectives. Organizations initially depended on...
Introduction The acronym ERP stands for Enterprise Resource Planning and is used to define the specialized software that companies utilize to administer business activities, such as example, supply chain operations, project, and human resource management, and accounting. The critical benefit of the ERP systemâs application is that it automatizes the...
Introduction This Communications Management Plan outlines how the information will be communicated among the stakeholders of the Server Installation project. This document explains the communications management approach and constraints, establishes stakeholder requirements, and describes the roles of individuals involved in the project. A project team directory with contact information of...
Introduction Previous papers discussed the essence of Human Resource Information Systems (HRIS) and the importance of their implementation in Larson Property Management. This essay, in turn, seeks to identify various reasons behind the project’s failure and propose the change management model that will help address these factors. Moreover, the paper...
Introduction The importance of developing leadership behavior in management and business is undeniable. Leadership is an extensive notion that requires several skills to be developed. Communication may be a crucial skill since it is needed to ensure both the ability to find a common language with employees and colleagues and...
Introduction Amazon is the largest online retail company providing cloud business services. The business started with bookselling and has expanded to other services and consumer goods, electronic equipment, and digital media. It sells e-books, tablets, televisions, Kindle Fire and adapters for media streaming. Its web services are elaborate, changing and...
Introduction In the context of globalization, countries strive to develop their national capabilities, regulate multilateral economic activities, strengthen the principles of equality and take an active part in international negotiations and international agreements. Despite globalization, the basic principles of international law, including the principles of sovereign equality, the creation of...
It is impossible to avoid change in all facets of life, and the management of any transformation is broadly diverse and different in various forms of businesses and institutions. The management dynamics resulting in change can either lead to negativity or transform an adverse situation into a productive one enhancing...
In the modern world, technologies are actively developing and helping to make people’s lives more accessible. Therefore, more and more innovations are being introduced that increase the efficiency of processes and improve the quality of products. Innovations are actively used every day: people equip their homes with innovative technologies to...
Introduction Capital management is when a company adjusts and maintains its cash flows in order to manage working capital. The latter is of high importance since it measures an enterpriseâs liquidity and effectiveness. It is also used to fund current operations and investments in the future. The working capital can...
Introduction Leadership coaching is a powerful training tool for managers that helps business managers at all levels use leadership skills for maximum productivity. This will help raise awareness through practice and direct feedback from staff. It will also improve the inherent leadership qualities of people to motivate teams better and...
Introduction In present world, technology, especially computer – based information technologies are giving birth to new organizations (of future) and they continue to revolutionize and the operations manager must formulate the objectives and roles based on technology: Customers are served; Employees communicate and network with one another and external stakeholders,...
Accounting by the administration, alternatively referred to as cost accounting or managerial accounting, is a subfield of accounting analysis and identification, and evaluation of accounting data to assist the management in making sound operational actions and decisions (Jiambalvo, 2019). Additionally, accounting for management is the provision of financial information as...
Todayâs Supply Chain and Management The supply chain and management (SCM) sector is an important aspect of business and economic development. Currently, the SCM area of business operation has been affected by several factors. One of these elements is the COVID-19 pandemic, which has threatened to derail the worldâs economic...
Introduction Internal and external forces in the current business environment have increased the competitive pressures in the market. The market has become value-driven and competitive, with customer and brand loyalty tied to value creation. Coupled with the deflationary market trends, these factors have mandated cost reduction strategies to help companies...
Lean management is a new concept in the business world that is beginning to grow in popularity among entrepreneurs. Although not well known, it has grown adversely across the industry sector in the recent past and has been a major universal management tool used in many production divisions. Moreover, the...
Abstract This paper examines the concept of demand and supply, price elasticity, and market structures in an organizational context, with Coca-Cola as the chosen company. The latter is a multinational organization headquartered in the United States which offers a wide range of products to its customers. Currently, it has approximately...
Location Selecting the right location is one of the central decisions for a small business owner. Several factors affect the choice of location for a start-up, such as the market health, the specifics of a business, loan opportunities, price of the property and rent, and access to talents. D’Angelo (2020)...
Introduction Any modern organization, regardless of industry and field of activity, uses a particular business model for its functioning. It can be identified and deduced according to established theories, or it can be formed according to the decisions made by the leadership. One way or another, using a business model...
There are many approaches to leadership, management, and decision-making which determine the vector of a company’s development. The difference between these approaches exists due to various factors, such as the specifics of the organisation, the corporate culture and the particularities of employees that require management and leadership. However, the main...
Introduction Lewinâs change management model theorized three stages referred to as unfreezing-change-refreeze. It encourages the rejection of prior learning and replacing it with improved knowledge. The theory presents a practical method of enhancing change and understanding its implications. The absence of change can hinder the establishment of the desired level...
Management control is aimed at organizing the work processes of employees to achieve the company’s goals. Each enterprise has resources that must be used competently to promote the business and form competitive advantages. The main ones are labor or human, financial, material, and non-material. Management control monitors their rational use...
Introduction Conventionally, a partnership is defined as an arrangement between two or more individuals to oversee the operations of a business and consequently share its liabilities and profits. The partners are collectively referred to as a firm and in a general partnership, all members share the profits and liabilities affiliated...
