Introduction The foundation of the commercial and reputational success of modern companies is not only their economic performance but also the level of competitiveness, which affects the position of the organization in the industry market. The historical business paradigm has not a few illustrations of those companies which could become...
How trade affects the production possibilities frontier Trade contributes very positively to the production possibilities frontier because it leads to greater production of commodities or services. This is largely because trade would allow resource allocation depending on comparative advantage thus leading to efficient production. Trade offers countries the possibilities of...
Fred Luthans is a University Professor and the George Holmes Distinguished Professor of Management at the University of Nebraska-Lincoln. He is a psychologist whose scientific interests include the positive psychology movement and positive organizational behavior. He has introduced multiple articles on this topic, and âThe Need for and Meaning of...
Background Total quality management (TQM) is a management model with roots in the 1920s when statistical methods got integrated into corporate governance. It developed further when American companies lost market share to Japanese companies. There was evidence that the Japanese were engaging every employee in quality control such that quality...
Boise Automation is a Canadian-based company that operates in the industry of manufacturing, designing, and installing automation solutions for heavy industries. The case study illustrates the issues that led to Boise Automation losing the Northern Paper Inc order. Although Boise is an experienced company with well-designed technical solutions, the innovation...
Components of an are (Information System) There are five major components of an IS include people, network, database, software, and hardware. The five-component model or framework helps to identify the five distinct components and functional processes. The hardware is a strategic component of the IS that comprises output and input...
Executive Summary The paper discusses the use of the ethnography technique in conducting business research. The tool focuses on the behavior of a particular group of people in society. The first section provides an analysis of various business applications of the Ethnography research method. It highlights how the technique can...
Introduction In any organization, especially in growing ones, executives face multiple challenges, from designing a consistent, flexible strategy and arranging efficient processes to ensuring the right cash flow. Furthermore, creating a conducive corporate environment, that is, âinner work life,â plays an integral role in companiesâ prosperity since it propels steady...
Introduction The Coca-Cola Company, the leading soft drink producer globally, sells about 400 brands of non-alcoholic drinks and operates in over 200 countries (Coca-Cola Company 2020). Currently, the company is widely believed to be the most valuable brand globally. Okal (2012) mentions that Coca-Cola was founded by John Pemberton in...
Introduction In this systematic review, the article used will be “A literature review on global occupational safety and health practice & accidents severity” by Kassu Jilcha and Daniel Kitaw (2016). The negative aspects of developing industrialization and the service sector, such as accidents and chemical, physical, and biological hazards to...
Background and Objectives Contact lenses are alternative to glasses as portable, lightweight lenses that correct the visual defects by being directly applied to the eye. Both the soft and rigid contact lenses are made from polymers. Contact lenses are global and used by many people, with over 125 million individuals...
Introduction To begin with, it should be stated that the business climate in the Dominican Republic is regarded as a country with a relatively favorable business climate compared to the other States of Latin America. Originally, starting a business in Latin America was the double end stick. On the one...
Introduction Port management as a multilevel process has now been regarded as a complex organizational endeavor, in terms of which managers are required to account for a variety of constituents. Some of these challenges include expedition management, the movement of cargo ships, shipment schedule and itinerary, cooperation with the suppliers,...
The appropriately planned facility design is an essential advantage for the company’s profit. Customer loyalty, store throughput, and, consequently, the volume of its turnover largely depend on the layout and composition of the retail space. Therefore, customers can walk through the store’s entire area, and the potential of commercial equipment...
Introduction Social media and digital devicesâ proliferation is increasingly empowering consumers, allowing them to dictate what they want and when they need specific products and services. Notably, the evolution has made consumers both creators and critics, demand more personalized services and anticipate getting the opportunity to influence the services and...
Introduction Every business organization aims at maximizing profits while functioning at minimal cost and promoting business sustainability. Operations management is a unique business management component that entails the administration of strategic business functions to create the highest efficiency standards within an organization (Russell & Taylor, 2019). It focuses on converting...
Record management (RM) is monitoring and supervising the administration of paper or any other digital record in organizations. RM entail some of the activities such as creating, maintaining, receipting, and disposing of records that range from a wide perspective. Any municipality can have many ways to manage the resources as...
Lennar Corporation, as a company, has an elaborate management system of a warehouse. Being in a real estate and home building business, the kind of warehousing they have adopted for takes into account all the business requirements. In most cases, the company uses warehouses in storing their construction materials when...
Introduction U.S-based Walmart Stores Inc. operates nearly 10, 500 stores and clubs in 24 countries. It owns eCommerce websites and has subsidiaries in 24 countries (Walmart Inc., 2021). It is considered the most prominent public organization globally in terms of revenue in the U.S. In the 2020 fiscal year, Walmart...
Leaders need to identify organizational needs, which can be opportunities to seize or threats to mitigate when making plans. Alignment between the operational processes and the strategy helps the company to achieve its vision and goals. Notably, any existing gap between the firm’s strategy and business process management should be...
Concerning organizational behavior during a change, an organization’s cultural and structural aspects need to be considered fundamental issues. This can be based on the situational realism of those behavioral advances that exist inside and outside the company. The emphasis lies on conflict negotiations and the formation of coalitions and other...
Introduction This paper seeks to explain the advantages of outsourcing (buying) against insourcing (making) with examples from any manufacturing or service industry. This discusses the problems or disadvantages of outsourcing using also examples. For this paper, e-commerce and hospital industries are used as examples to dramatize the possible advantages and...
An Employee-Customer Encounter Handled by the Supervisor While I was at a local coffee house, one of the customers had an encounter with an employee at the counter. The argument was that an employee served a customer with a wrong order. When the manager was called to intervene, he handled...
Analyze the Statement against the 5 distinct precepts An organization’s mission and vision statements are essential for adequate corporate culture and competitive value-based functioning of an organization in its respective environment. While a company’s mission statement defines the performance and the objectives the organization aims to achieve, a vision statement...
Leading a team can be aspiring, rewarding, but somewhat tedious. A busy work environment, the one as at Amazon, cannot provide workers with constant supervision. In turn, managers are customarily overwhelmed with multiple activities; hence, they cannot ensure each employee works efficiently and is satisfied with working conditions. These factors...
Project Management Effective project management practices can contribute to a company’s strategic goals and business performance by adding value to projects. The purpose of this paper is to analyze various project management practices, including leadership, conflict management, issues in cost management, and project lifecycles. It provides a comprehensive discussion of...
Today, many administrations work in groups or teams of individuals working towards achieving a common goal. For a company to be successful, there must be effective teamwork. When great minds are put together, their efforts turn into productive results. To manage a good team, you have to recognize the vital...
Introduction Technology has been one of the most significant tools of the 21st century and as such, most businesses have benefited from it. This paper focuses on a small brick-and-mortar enterprise operating in the fashion sector with a product catalog that includes apparel, shoes, and handbags. This business sells products...
Introduction The student residence at Village Green is a secure and safe community that provides access to various kinds of basic services and amenities. It is situated on the campus of a small university in northern Ontario and was established in 2010. The dormitory can accommodate 120 students and has...
Like most, if not all, professional fields, business management requires learning from the best in order to excel. When personal apprenticeship in practice is not feasible, the next best option to learn from successful managers in order to implement these lessons in the future is through the books they wrote...
Introduction The reliance on traditional supply chain execution has become impossible due to an increase in customer expectations and competitive pricing. Business analytics are employed to optimize every management process in an organization. Supply chain management is an example of a management process that ensures the continuous movement of raw...
Table 1. The List of Articles Used in the Project Article Name Author Name(s) Journal Method Used Volume Issue Year The impact of human resources development on small and medium enterprises (SMEs) performance Voca, Z. and Havolli, Y. Journal of Economics and Management Sciences Quantitative 2 2 2019 Integrating strategic...
Introduction Fulfilling organizational goals within any enterprise requires a thorough examination of suitable management strategies. As the corporation faces multiple issues and crises related to company activities and environmental factors, it is necessary to uncover solutions that can effectively handle such problems, allowing the business to grow further. In the...
Background The ability to act effectively in emergent situations is fundamental to avoiding severe damage and casualties. For this reason, the creation of a detailed and well-thought-out emergency plan is vital as it improves the authoritiesâ abilities to protect individuals and manage them in the most practical ways. The creation...
There are two ways to update the information in a specified database. Online processing is the system where information transactions into the computer system flow in real-time (Shiff, 2020). Alternatively, batch processing corresponds to the systems where the documents are uploaded to the computer in a batch (Shiff, 2020). The...
Interviews are powerful exercises that make it easier for learners in different fields to acquire new ideas from experts. The completed exercise was intended to gather additional insights about gender equality and communication in the workplace. In this exercise, I interviewed Professor Kamarul, a professional in the College of Business...
Introduction Creating a job description logically follows the performance of a job analysis. As Prien et al. (2009) point out, a job analysis is a process aimed at developing an understanding of what employees do in their work, and a job description is a written statement resulting from this process....
Introduction Leaders of business organizations need to apply appropriate strategies to manage change and introduce new practices that have the potential to drive performance. Different models are applicable in various settings to empower followers and guide them to achieve their aims in a given company. Managers need to select the...
Alibaba group operated the leading online marketplaces in Chines, including Alibaba.com, B2B, and Taobao, which assisted small and medium-sized companies (SMEs), and Chines enterprises in trade both locally and find overseas markets (Wulf and Oberholzer-Gee, 2009). Additionally, the group ran a web portal, an online payment service provider, and an...
Introduction Stakeholder analysis involves the procedure taken by the management of any institution or company to revise policies and to consider whether the company values are in line with the expectations of the people that have an interest in the company according to ACERA (n.d) This paper seeks to establish...
Introduction and Background The main issue faced by the top-level administrators of organizations in the criminal justice system is to establish a uniform organizational culture and adjust operations in order for them to be in line with the goals and mission of the organization. Bringing a greater consistency between the...
Introduction Managing sales is the process of forming a task force to coordinate sales operations and implement business sales techniques that facilitate a business meeting, its sales objectives, and targets. In other words, the sales management process is a step-by-step workflow necessary to complete a particular sales task. The following...
Audit Report The process of managing a supply chain is often glanced over by side observers when considering the performance of an organization. However, the analysis of a companyâs SCM and, particularly, the issues associated with the management of information and the development of an infrastructure for an SCM are...
Operations Management Facility design or layout mainly relates to the business’s location and the different incentives that come with it. An important factor to consider is the proximity of the location to the market and the value that the location adds to the entire organization (Reid & Sanders, 2019). Suppose...
Introduction Management is a process of assigning input in a firm through executive functions to achieve specified objectives. Professional managers plan, organize, lead, and control employee efforts (Hussain et al., 2019). They systematically utilize classified knowledge, standards of practice, principles, and code of ethics. Directors unite uses management ideals to...
Introduction Every business strives to offer the best products and services to fulfill its customers’ needs and to achieve a competitive advantage in the market. For a company to meet these requirements, it has to attempt to achieve quality not just in its products and services but also in its...
Introduction Quality management (QM) allows companies to present products or services with consistent quality as a result of standardization and simplification of work. ISO9001 is a certification method developed by the International Organization for Standardization that testifies a companyâs adherence to the management practices that will guarantee quality. This certificate...
The change in the management in Microsoft Company posed the challenge for the declining performance and competence in the business market. In this case, the new administration focused on crucial factors that promote the shift in the organizational culture that enhances the coordination among the employees and the operability in...
The Renfield Farms CEOâs leadership characteristics and performance A chief executive officer in any company is responsible for the overall performance of a company. It is essential for him to adopt leadership skills and maintain the desired behaviors within the organization. It is also within the job description that CEOs...
Introduction Change management in organizations is often a complex and risky affair. Firms can be perceived as rational enterprises that are structured and designed to pursue predetermined objectives. Aspects such as routine operations, job roles, well-defined structure, and procedures and standards all define a business. Changing any of these elements...
Introduction McDonald’s Corporation is a global foodservice retailer and the world’s largest fast-food restaurant. The company was initially founded as a restaurant in 1940 and currently, it operates over 38,000 stores worldwide. This paper examines how leadership in McDonald’s has been impacted by the COVID-19 pandemic. Particularly, it will focus...
Introduction Companiesâ administrators and managers searching for business modelsâ progress and improvement of personal management skills apply assessment approaches. Such structures are essential as they impart necessary knowledge in handling entrepreneurship. As pointed out in previous weeks, the author purposes at defining patterns and business model canvas designs using various...
Airline management is an essential aspect of operating airlines and airports responsible for many aspects of the activity of airlines, including financial, informational, and operational supervision. The commercial side of airline management is especially complicated, so it requires another manager to supervise it, a revenue manager. With time, the circumstances...
Summary This case study focuses on HS engineering Company, specializing in manufacturing and selling of engineering tools. The company is a family business operating within three locations including; Leeds as the main center, and Wolverhampton and Oldham operating as minor branches. The companyâs board and organization structure have for some...
From the very beginning, at the time of Adam and Eve, knowledge has already been something desired by men. The serpent tempted the first humans to eat the forbidden fruit of the Tree of Knowledge of Good and Evil, and much as they wanted to obey their maker, the desire...
Innovation in business entails the improvement and the betterment of the already existing product or services rather than the widely held notion of coming up with new products. Strategic management is responsible for steering a companyâs innovation and ensuring a company moves in the desired direction, is competitive and remains...
In the present day, Franklin Fan Company may be regarded as the north-central region’s largest manufacturer and distributor of electric fans. It was founded fifteen years ago by Ed Spriggs and Dan Block, mechanical and electrical engineers. The firm was originally located in the garage of Block, however, its gradual,...
The book Developing Human Capital by Pease, Beresford & Walker discusses how to use analytics to optimize the businessâs learning and development investments. Learning and development (L & D) is a term used to describe the companyâs activities aimed to facilitate the professional growth of its employees. The recent changes...
Introduction The ability to develop innovations and new ideas is currently among the top priorities in numerous organizations’ management. The emergence of economic knowledge, considerable technological advancement, and intense global competition have made innovation a vital aspect of productivity. Creativity is the mechanism by which companies manufacture new processes, products,...
Introduction This chapter outlines the theoretical framework chosen for this study and the methodology of this research. Since a combination of a literature review and XYZ’s top managers’ survey and interviews with management is used, the methodology of the research is mixed. In addition, the author will outline personal observations...
Introduction Personal and professional development are integral parts of building careers and acquiring new skills for future managers and leaders. In a highly uncertain business environment, a combination of knowledge and on-the-job expertise related to managing self and others, as well as leading individuals and teams becomes crucial for organizational...
Introduction The main purpose of the study is to assess the current state of qualitative research approaches when applied in the field of organisational changes on the international scale. In addition, the research objective of authors is to promote the notion that such a method needs to be utilized in...
Introduction The purpose of this paper is to bring an analytical perspective to the whole understanding of management and the professional behavior related to it. There are interpretive means that need to be well synchronized in order to have a very dynamic positioning. The purpose of this paper is very...
Article Analysis “The secrets to successful strategy execution” is an article by Gary Neilson, Karla Martin, and Elisabeth Powers about the most effective solutions in addressing organizational malfunctioning and internal relations. Here, the authors outline five main criteria for successful companies’ functioning from a corporate perspective. This paper aims to...
Introduction There is a vast disparity between the number of studies on the impact of loyalty programs on businesses and what recognised value they bring to the customers. While loyalty programs are, at their base, focus on customer retainment for the firm, it is crucial to understand which benefits they...
Introduction Global mobility of the workforce appears to be one of the most critical outcomes of globalisation. In the contemporary environment, people can work in almost every country in the world, and working in a multinational company makes it even easier for them to access these opportunities. The high stakes...
Are there particular types of innovation activities for which large firms are likely to outperform small firms? Are there types for which small firms are likely to outperform large firms? In the modern competitive business world, small, medium and large-scale businesses need to develop new processes, products, strategies and paradigms...
Every organization despite its size, mode of operation or production specialty is bound to encounter challenges in its day-to-day operations. Partexceltron Ltd being a medium-sized, family-owned company is no exception. In regard to my understanding that is based on the report from the company, Partexceltronâs main manufacturing base is in...
Executive Summary Six Sigma is considered to be a quality and efficiency methodology intended to make sure a manufacturer produces products without defect. According to LĂźtkenhaus and De Freitas (2016), statistical tools are applied to eliminate defects, optimize time, minimize waste, reduce costs, and boost productivity. At 3M, Inc., the...
Organizational behavior explores the actions of persons in the context of the organization in a place of work (Schermerhorn, Hunt, Osborn & Uhl-Bien, 2010). Organizations are analogous to living organisms; for instance, the human body comprises several cells, tissues and organs performing together to bring life. When one organ malfunctions,...
Executive Summary This report aims to demonstrate the existing operation management processes promoted by the Coca-Cola corporation, evaluate quality management procedures, and present relevant tools to achieve organizational objectives. As an effective optimization mechanism, the benchmarking strategy and the lean manufacturing approach are analyzed, and the value of both concepts...
In their quasi-historical study, Bird and Mendenhall (2016) view cross-cultural management as a part of a global leadership development agenda. The authors note that this phenomenon is an algorithm that provides for the creation of a management environment with an emphasis on the cultural practices of all the parties involved...
Introduction Physical privacy is the ability of a person or a group of people to seclude themselves or to restrict access to particular information about them (Moore, 2011). At the workplace, employees have a constitutional right to enjoy their physical privacy. Thus employers can not take away their workersâ right...
Introduction A merger is one of the strategies used is gaining market share increase a company’s competitive advantage. Mergers have been a common strategy, especially in the wake of globalization. Many organizations believe that mergers would enable them to gain the necessary capital base and other resources and enable them...
Introduction Every business organization has a number of objectives that it aims to achieve in the best way possible. There are organizations that are purely non-profit making while others only exist for the singular purpose of profit making. The not for profits aim at benefit maximization for target beneficiaries while...
Introduction Jack Maâs Alibaba is one of the greatest success stories of the 21st century. The growth has been unprecedented and it can be argued that the companyâs culture and philosophy have been the key drivers to the success. People are at the heart of the progress as they are...
What trends have you seen in organizational behavior? How have these trends impacted your organization? Of late, leaders have started to note the changes and the potential effects that organizational behavior has on the financial and social performance of their businesses. Of late, the world is recovering from the global...
Introduction Forming the corporate principles of activities and implementing appropriate management mechanisms are the fundamental algorithms of an organizational regime. Firms that focus on different market segments and distinct target audiences may have a variety of planning and development strategies. However, the general approaches to maintaining the workflow can be...
Action research (AR) design is the applied research aimed at solving practitioner problems and encompasses both the collection and evaluation data, as well as undertaking particular initiatives. Such initiatives are focused on solving a specific problem, improving a process, or addressing a deficiency. AR adheres to the plan-act-reflect pattern that...
Introduction Supplier selection is a critical topic because the efficacy of the supply chain depends on the capabilities and effectiveness of all parties. Businesses need to select those suppliers that can provide them with the needed market efficiencies. Outsourcing has been driven by factors such as the need to save...
Financial performance is an essential aspect of financial risk management. In a broader sense, it is defined as the degree to which a firmâs business objectives are being attained. As a result, it is utilized in measuring the overall financial health over a given duration. It can also be employed...
Introduction In todayâs society, the role that management plays in all facets of life cannot be elaborated enough. Manâs ability to plan for the present and future is purely based on the fundamentals of management. As such, management in whatever capacity is the key determinant to the success or failure...
The importance of the team having a common sense of purpose that supports the overall vision and strategy of the organization As integral parts of every organization, vision and strategy help people to determine future goals and operational tactics that should be taken into consideration to ensure that the company...
Practical Implications for Leaders in Tumultuous Change Leadership plays an essential role in addressing the changes occurring at companies. Compared to management, leadership is more intuitive and encourages inspiration, motivation, and impact on the part of leaders to ensure that their subordinates follow the vision of an organisation and the...
Just-In-Time [JIT] is an inventory management process that minimizes the standing inventory or production process to the bare minimum time to support production flow. It is also known as the lean inventory method. Under this process, there will be no stockouts but at the same time, it manages the business...
The book Talent: Making People Your Competitive Advantage by Professor Edwards E. Lawler III discusses the Human Capital (HC)-centered approach to organization management. In recent decades, human capital has become the most important competitive advantage for most companies, and the ability to effectively organize and lead talent has become a...
Article Review The global construction industry may be regarded as fast developing and considerably profitable. However, it frequently faces unwanted construction delays and cost overruns due to financial resourcesâ loss and necessary project optimization (Larsen, et al., 2015). As a matter of fact, there are multiple risk factors that may...
Introduction Despite similar functions and tasks that form the specifics of leadership and management, these two vectors of work differ significantly. The analysis of the interpretations of both concepts can help reveal how distinctive these directions of control are and what approaches to the development of leaders and managers exist....
Introduction Dashboards are a vital source of data that can inform leadership about how well the organization meets the local, federal, and state requirements. For Mercy Medical Center (MMC), meeting these standards is crucial to ensure medical care quality and control the institution’s financials. This report is targeted at the...
Abstract Organizations rely on established theories to implement the best models, tactics, and strategies that can support the delivery of positive results. However, some challenges tend to emerge that disorient operations and make it impossible for businesses to breakeven. Many small and medium-sized firms are yet to appreciate the importance...
Introduction Change agents form an integral part of the change management process in an organization. Their functions involve employing innovative tactics and strategies to implement the objectives of a company. As the leaders in the process, they support all other aspects of the business to ensure efficient and cohesive transformations...
At the beginning of the 21st century, the idea and ideology of workforce and working relations have changed greatly towards liberalization and open communication. Despite these positive changes, the modern workplace is affected by such problems as incivility and distrust. With a minimum of laws and no meaningful corporate legislation...
Introduction In the 1960s Sam Walton incorporated his enterprise as Wal-Mart Stores and a few decades later, it became a global retailing juggernaut with a revenue of up to $400 billion in the fiscal year 2009 (Thompson, Strickland, & Gamble, p. 374.). The success of Wal-Mart is anchored to its...
Background to the Case The case will focus on Toyota Motor Corporation, the worldâs second largest automobile manufacturer. Klichiro Toyoda founded the company in 1937 as an offshoot from Toyota Industries (French and Korngold, 2019). The company achieved rapid growth in its early years of operation as it focused on...
Business process management is a critical research discipline in modern business. It examines the idea of a business process as an entity that can be analyzed, developed, and designed. The design of business processes generally involves all levels of an organization, and significant exchange of information between them. Using information...
Background information Hawthorne Corporation is a manufacturing company that is based in the United States. The company sells its products to different parts of the world and has annual sales averaging $10 billion. The company deals with petrochemical products and is one of the pioneer companies in this field. To...
Outsourcing arises when a company or organization purchases services or products from an outside supplier or a vendor, rather than performing the same tasks or work within its own facilities. The main reason why companies engage in outsourcing is to reduce capital expenditure over a business process and to allow...
Introduction An essential part of any change management plan is the culture of an organization. Developing a strategy without considering cultural background can be difficult for the success of a change initiative. First of all, the impact on the individuals concerned and on the organization will be discussed. Secondly, cultural...
Business Companies Problems It is well known that business companies planning expansion in the near future should conduct a thorough analysis of current economic problems in order to achieve maximum efficiency in the procedure of increasing the staff and volume of goods or services produced. At the same time, it...
The provided video revolves around ZARA, a giant international corporation that works in multiple areas in the world. There are about 32 countries where clients can find the companyâs products and benefit from their high quality. Inditex, the owner of ZARA and other successful franchises, was founded in Spain and...
Quality Initiatives The Juran Trilogy Juranâs approach to quality management outlines the three main processes that a company should consider. The first involves quality planning, a step that lays a foundation for future decisions and changes (Pop & ČĂŽČu, 2016). During the planning stage, a business must examine its customer...
Introduction Organizations work with many partners and clients to initiate, design, and implement various projects. The success of such projects depends on the effectiveness of administration and supervision, which is the focus of interface management. Change management is also crucial in organization projects, especially because several issues amount to modifications...
