Introduction Management is normally a complex issue and the management style of the workplace usually determines the outcome. Technical proficiency especially for those working in IT firms is associated with competence and trust between the staff and the management. This paper examines management and motivation ways that can help increase...
Culture Organizations do not operate in vacuum; however, diverse environments such as the social-cultural environment influence their operations. One of the ways through which the society directly influences organizations is through employee recruitment. In a bid to attain a high-level competitiveness with regard to human capital, organizations incorporate the concept...
Researchers and practitioners can provide various definitions of such a concept as yield management. While explaining this term, they can focus on its various dimensions; this is why there are many interpretations of this notion. Initially, yield management was applied for the needs of airline industry; this is why some...
Introduction Eurostar International Limited, commonly abbreviated as EIL, is a railway company that operates the international Eurostar train services between London, Amsterdam, Brussels, and Paris via the Channel Tunnel. The business was initially managed by three different organizations in the United Kingdom, France, and Belgium. However, the above-mentioned governance structure...
There is no need to stress the fact that a product must be designed to meet the customerâs needs in the first place. However, at the end of the day, it is very hard to combine an efficient design with maximum functionality. In their attempt to please the audience, Google...
Introduction Most people have used e-business and e-commerce interchangeably, though the two have separate notions. Electronic- commerce ICT is employed in transactions among various organizations or businesses and extends to transactions of business-to-clients. Contrary, in e-business, ICT is used in enhancement of individual businesses. It is composed of businesses that...
Informal organizations are increasingly becoming common in modern organizations when managing a group of experienced and highly talented employees who need little supervision. In such a setting, the entity is not operated under written guidelines with a clear chain of command and guidelines (Burnes & Jackson, 2011). Instead, the company...
Culture, leadership, and technology are modern forms of control in an organization. According to Knight and Parker (2019), culture has emerged as an important tool that defines how people act towards one another, customers, external stakeholders, and when undertaking tasks assigned to them. Culture refers to âshared values, beliefs, customs,...
Abstract The recent earthquake in Japan and the resulting nuclear crisis were reminiscent of how disasters can occur without warning. The volcanic eruptions in Iceland, terrorist attacks, and power outages resulting from floods and earthquakes are further examples of how disasters can adversely reduce the efficiency of a supply chain....
Important Background Information Lean Six Sigma is an evidence-based practice that utilizes data in order to drive organizational improvements and ensure that the vast majority of defects could be detected effectively. One of the essential venues related to this methodology is that Lean Six Sigma is centered on customer satisfaction...
Abstract This essay discusses the application of Business intelligence into running a business. There is a brief description of business intelligence and a historic overview. The objectives of the essay are establishing a correlation of the data collected and the science of business application and the success of a business...
According to Kristin Anderson and Carol Kerr, the sole aim of a business is to create customers; the two business management experts and book writers have brought the concept of maintaining customers that a company has as it enlarges its customer base. Customer relationship management (CRM) is a strategic management...
Introduction Operations management entails the management of resources such as humans, materials, technology, and information. Besides, it is crucial to note that operations management converts the inputs into outputs through the creation of value for commodities. Toyota Automobile Company was formed in 1937. The operation management at Toyota does not...
Introduction Ordinarily, running a spa business is similar to operating a hotel business. It is, therefore, possible for a spa business to use the revenue management approach for the benefit of the customer and the operator (Kurtz 2010, p. 345). Globally, the spa industry generates close to the US $40...
Introduction Indisputably, departmentalization is an essential aspect of an organization, which ensures that ever there is optimal, effective, and efficient production. Every organization needs to establish a human resource department in order to ensure that employeesâ needs and demands are addressed and resolved amicably. With increased and advanced technology, organizations...
Introduction Corporate governance forms part of the most crucial components in the survival of firms in different economic sectors. Different scholars have advanced numerous definitions of corporate governance. According to Swarup (2011), corporate governance refers to structures, mechanisms, and modalities through which a firmâs goals and objectives are set with...
Introduction Inventory management is one of the foundational pillars that underpin successful retail operations. Commonly, it could be explained as a process that ensures organizational capacity to carry merchandise required by the customer, while also balancing between the running out of stock or having an excess of supply (Jacobs &...
In the contemporary business world, the concepts of quality management and lean systems are extremely important since they are designed to contribute to the desired effectiveness and efficiency. However, as mentioned by Russel & Taylor (2019), more and more companies fail in implementing these techniques rather succeed in using them....
Introduction Culture, motivation, and rewards are assessed qualitatively in illustrating the pioneering Heathrow Terminal 5 project. The mentioned factors compare with demonstrated practices and are further integrated into an all-inclusive shift in the behavioral change approach. Hence, it includes handling the social and physical work environment, in addition to personal...
The ultimate intention of YM usage has been determined to be revenue increment. YM system was retrieved from airline industries and incorporated by hotel managers to make informed decisions in their businesses. Arguments have been stipulated to relay that YM is partitioned into 3 managerial sections which are price, inventory,...
The selected article for review is âHow to raise prices: Part Iâ that is written by Chris Carey. The article was published on April 21, 2011, in Forbes Magazineâs online edition. The author uses the cost-volume-profit model to explain how businesses can increase their prices during the recession period (Carey...
Abstract Anwara grocery is a medium-sized family business located in central London that deals with grocery products and sweets. Although Anwara is a medium-sized business that lacks complicated operation procedures it needs to have a current operating system to make its operations efficient. In addition to the efficiency needed in...
Introduction The COVID 19 pandemic has had a massive impact on all sectors of the economy. However, the tourism industry, in particular the international one, has undergone the greatest influence (Wojcieszak-Zbierska et al., 2020). The economic decline opened opportunities for local tourism and made people discuss sustainability as a priority....
Introduction Every organization aims at ensuring that its resources are efficiently allocated for maximum returns. Up to quite recently, many public organizations were not monitored on how they used the money that was allocated to them. As a result, there was a lot of misappropriation of government resources, and many...
Introduction The main reason for the existence of legal, safety, and regulatory requirements in the field of human resources is to ensure that the rights of employees are not violated at the workplace. There are various organizations that are instituted to protect and look into the rights of both employees...
Summary Despite becoming more reliant on rational thinking, people tend to ease the analysis method by following some intuitive thinking or feelings to make decisions. Informational predispositions which affect choices are called cognitive biases. Based on how the human brain works, mistakes and entanglements shield an individual from making choices...
Operations Identification & Assessment FamilyEnergy is a Western-European company specializing in renewable energy. The main activity of the company is producing and selling electricity. This means that the first current operation is investments in windmills, wind turbines, and solar panels. The second operation is the installation of equipment necessary to...
Introduction The relevance of the topic of data management is growing every year. Indeed, the need to organize processes to improve the efficiency of collecting, processing, storing, and using data as a valuable asset is already evident to almost all companies. Much has been said about the benefits of having...
Introduction Customer trust plays an essential role in a company’s management as well as performance. For instance, a significant percentage of the performing companies in the world have invested in customer trust. Through management and production of better services to the customers, many firms have increased their profits. However, some...
Executive Summary Management Control Systems, MCS, is a set of practices widely recognized as crucial in managing organizations of all sizes. They are controls used in both private and public sectors throughout the world. MCS is described as the organizational policies and procedures used to assist organizations to accomplish their...
Digital business technologies rapidly develop and make it crucial for companies to integrate novelties for maintaining competitiveness. Modern services are capable of including multiple innovations that can work simultaneously to optimise and speed up tasks that tend to be time-consuming. Moreover, automation is a powerful strategy to reduce costs and...
There are various approaches to supply chain management that companies can utilize, but the two most common ones are responsiveness and efficiency. Businesses that espouse the former value of the speed of delivery and aim at being first to offer goods to their customers often lead to an increase in...
Introduction During times of worldwide pandemic, hospitals perform the most important function in preventing the tragic turn of events. It is essential to understand that a hospital is a complex system, which always needs technological improvement as well as more people to maintain these technological advancements. The design of a...
Introduction The rapid development of market relations, the globalization of the economy, and the dominance of the consumer market create the need for the use of effective management technologies. In transport activities, the issue of assessing the services provided is relevant since analysis and, if necessary, subsequent reengineering will improve...
Introduction As the production manager at a cement factory, committing fraud is easy, since there are numerous avenues through which asset misappropriation can be perpetuated. First of all, the design of the fraud would extend across numerous functions to ensure accuracy in the cover-up and materiality of the benefits. The...
The efficiency of yield management techniques greatly depends on the skills of employees working in the hotels. Provided that these people lack expertise or motivation, it is rather unlikely that their organizations will be able to increase their profitability or maximize occupancy rate. Thus, business administrators should pay close attention...
Introduction Revenue management is one of the most studied areas in the service industry. Yield management, one of the major tools in revenue management, is conceptualised as the skilful management of both demand and supply in an attempt to balance inventory and pricing. The balancing maximises the revenue generated from...
Introduction Any company highly values human capital which is the most important input into the day-to-day operations of the firm. It is the responsibility of the management to ensure that every employee is satisfied with the conditions of work so that the employee can deliver to the maximum. As a...
Introduction Working in a dynamic market environment requires large business owners to adapt to competition and apply adequate solutions to build a sustainable entrepreneurial background. In such conditions, the creation of sub-brands is one of the approaches that allow for establishing successful sales and expanding the sphere of influence. As...
Product design is a comprehensive look at the problem that a company is trying to solve with its product and finding the most efficient and simple way to solve it from the user’s point of view. Product design assumes that creators understand the psychology of the user. It is also...
Introduction All computer systems and management information systems are faced with issues to do with the security and privacy of the data stored in them. Privacy concerns computer users due to the fact they store personal information in computerised records which may be accessible to the public if no privacy...
Introduction Business environments often experience dynamics and swings which create short and long term effect on profitability and chances of survival. When faced with a business dilemma that requires critical decisions, companies resort to analytical tools that ensure competitive advantage besides cutting a market niche when making a capital purchase....
Fraud Fraud is an intentional act to deceive a client with a motive to deprive them money or any property that can be quantified in monetary terms. The victim of fraud loses the property and is entitled to a lawsuit for fraud is a crime. The act is malicious and...
Many countries such as the United States have moved many of their business services jobs out of the country and to countries such as India and other interested countries. In most cases, the workers from these countries that have been delegated with these jobs are usually well educated but receive...
Introduction Occupational health and safety have become a key concept in organizational management due to the many environmental hazards that face organizations. Occupational risks that prevail in organizations have to be minimized as much as possible so as for employees to work in a safe environment for better delivery. Occupational...
The advent of computer technologies has had a huge impact on the hotel industry, mainly due to the emergence of online customers. As described by Demirciftci (2007), online consumers are more concerned about wasting time rather than saving money (Koch and Cebula 2002). Murphy, Schegg and Qiu, (2006) elaborated that...
Introduction In an online survey conducted by SurveyGizmo on centralization of corporate treasury management at European multinational corporations, there were several significant findings. About 67.4% of the multinational corporations were found to be in five industries namely: industrial, energy, technology, basic materials, and consumer cyclical. The leading industry was industrial...
Introduction Performance management is a very important aspect of organizational management. This is the thrust of the article reviewed in this paper. The article looked at the place of performance management in the current business climate. This article examined the issues emanating from performance management. The role of the Specifically,...
Introduction Globalization has led to stiff competition in the market and every firm is striving to gain a substantial share of the market. Therefore, the firms continue to implement strategies that will add to their competitive advantage. These strategies are either short-term or long-term and most firms have stuck to...
Time management refers to the regulation of time according to designed schedules. Time management is essential as it assists students to undertake activities during the learning process (Rasmussen College 2012, pp. 1). Effective management of time is a skill that students require in order to perform exceptionally. Students need to...
Nowadays, the increasing complexity of both the environment in which companies operate and of their internal functioning, together with the speed demanded from them, the pressure of innovation, and the scarcity of attention, as the ultimately limited resources, make knowledge central for business success. Knowledge is seen as a factor...
There is virtually no organization that can operate without information systems in the current economic environment where keeping up with the level of changing technology is a necessity. A firm can operate efficiently hence reducing costs if state-of-the-art information systems are put in place. Though information needs are different in...
Abstract This pilot study is conducted as part of a minor thesis in the Master of Information Systems. It aims to explore the use of social networking sites (SNSs) by Saudi female students in Australia, with particular emphasis on Facebook. Using the appropriation technology model, the study also aims to...
The literature review analyses the problems that workers encounter in their places of work. One of the major problems is stress in the working environment. Work place stress can generally be defined as ’emotional and physical reaction that emanates from a poor working environment in relation to resources, employeeâs capabilities,...
Netflix Inc. is a media and entertainment company best known for its digital streaming platform. Founded in 1997 by Reed Hastings and Marc Randolph in California, the company originally focused on subscription-based video rental services by mail. However, by 2007, with the advent of available technology, Netflix became a pioneer...
Executive Summary The Intellectual Capital (IC) of an organization refers to all aspects of human capital, relational capital, and structural capital. These intangible assets provide a competitive advantage to organizations as they show differences in performances among organizations in the same industry. They help an organization control both internal and...
Introduction There are various factors surrounding the issue of management policy in contemporary organisations. One of the significant aspects of management policy involves handling the expectations and perceptions of the various stakeholders involved in the running of the organisation. The stakeholders include, among others, business owners, employees, and clients. The...
Introduction International financial management is built on the premise that for proper management, all models of finance must be applied. Economic and financial models provide crucial insights into how the world must be managed. The finance theory is an area that tackles issues dealing with investments for decision-making in the...
Introduction Multinational corporations are enterprises that have operational units in more than one country. In particular, subsidiaries of specified Multinational Corporation are managed centrally by a parent company. A parent company is normally located in the corporationâs country of origin. A Multinational Company would therefore be regarded as an enterprise...
Introduction Information Technology (IT) control and audit play critical roles in enhancing the uprightness of Information Systems (IS) as well as reporting of organization finances. Actually, such mechanisms are imperative in circumventing and deterring financial flops within such organizations. Indeed, the utilization of IT auditing in corporations has greatly progressed...
Utah Opera was started in 1976 by Glade Peterson, who at the inception of the company assumed the position of the general director. After the death of Peterson, Anne Ewers succeeded him as the general director. It was under the leadership of Ewers that Utah Opera recorded a monumental growth...
Introduction According to Sherman & Hart (2006), the business environment observes that the general rule in business is that the business either grows or dies. Companies which are on a growth path will take away market share from competitors, create economic profits and provide returns to shareholders. The companies that...
Introduction Larryâs book âConfronting the reality: Doing what matters to get Things Rightâ is based on a business concept to help companies and individual entrepreneurs succeed in their business plans. It has the authorsâ thoughts which gives the general idea in the mind of the writer. It has an introductory...
Introduction As Susan Birk (2010) claimed, âa leader is someone who others voluntarily follow, but not because he or she has the title of CEO. People follow you because they believe in you, they want to help you succeed, and they wish to see the organization succeedâ (p. 32). Drastic...
Georgeâs Trains is one of the biggest and oldest stores in the U.S. The business establishment specializes in the production of different train models. Based in North America, Georgeâs type of business focuses on the sale, repair, and trade-in of various makes of trains (Blackford, 2003). In this paper, the...
Background The decreased market demand created a challenging situation for Bush Corporation. The Management and Unionâs task in this situation is to agree on the balance between minimizing costs and preventing the further reduction in the staff, as well as addressing the employeesâ security and interests. Objectives In these negotiations,...
Introduction Business management gives the clear implementation and relations of the daily control and management of an organization or business entity (Aldrich & Woodward, 2007). The activities involved in business regulation, management, and administration include; planning, controlling, organizing, monitoring, and leading. Business management is a broad topic, which includes various...
Introduction The business environment has witnessed increased competition in the recent past. In the wake of internalisation and rapid global commercialisation amid changing consumer behaviour, the debate on temporary competitive advantage has continued to intensify. Various scholars argue that competitive advantage is seldom and declining in duration, particularly in high-velocity...
Introduction Capital budgeting refers to the companyâs choice of capitalizing its current finances in the most effective and efficient long-term properties with an expectation of a positive cash flow in the future. This means that the firm invests its funds in long-term assets, exchanges current funds for future benefits, and...
Introduction The fundamental issues revealed about the safety of the radioactive materials when the fissile storage site was surveyed include handling procedures, transportation, and safe storage (Ahn 1999). Evidence points out that there was a critical need to remediate the plant by removing the âtwo (standard) four cubic meter steel...
OneSteel Trip What were the issues dominating your reflection? The main idea of this reflection is to dwell upon my visit to OneSteel manufactory located in Sydney. I should say that the most important issues which bothered me while my visit were safety aspects and technology. Being a dangerous place...
Introduction According to Quah and Dar (2012), properly managing and executing a business strategy is an important step in helping a business to achieve its goals. Project Management Processes (PMP) also helps businesses to meet their objectives by improving their performance and changing their organizational processes, positively. Within this framework,...
Introduction The Sarbanes-Oxley act of 2002(SOX) is a form of legislation, also known as the âPublic Company Accounting Reform and Investor Protectionâ in the legislature and in the house. It is referred to as ‘Corporate and Auditing Accountability and Responsibility Actâ. The Sarbanes-Oxley act is a United States federal law...
Executive Summary Developing contracts in procurement and supply is a very critical task to any firm that heavily relies on raw materials or services of other firms to run normally. The terms and conditions stated in the contract define the nature of business relationship that a firm will have with...
Definitions Service companies can be described as people-oriented organizations that seek to develop symbiotic relationships with their clients (Selden & Sowa 2011), and are guided by unique characteristics of intangibility of services, inseparability of production from consumption, perishability of services, heterogeneity in service products, and human participation in the production...
Executive Summary in Memo Format MEMORANDUM_______________________________ TO:__________________________________________ FROM:_______________________________________ DATE:________________________________________ RE: (Internal and External Matrix Analysis: Tracking Down the History and Success of On the Vine Marketplace) The OTV Company has been in business for years. The organization is aiming at expanding worldwide, yet it needs to get its priorities in...
Project Description The new cafe will be referred to as the Taste Cafe in order to create an impression of various coffee types provided in the premises. It is a cafe that provides a range of coffee with an Arabic aspect. This is aimed at recreating the foreign cuisine and...
Introduction Doing business in foreign nations requires the concerned party to engage in negotiations with various other parties. Such parties have different cultural and ethical approaches to negotiations compared to those who are prevalent in a companyâs nation of origin. For China, guanxi comprises one of the most important cultural...
Introduction The performance of a business is usually determined by how investors, managers, and workers interpret and integrate the vision, mission, and objectives of their organizations with their skills, resources, and experiences. There are various ways of measuring the performance of businesses, and the use of a balanced scorecard has...
The process of managing an organization presupposes dealing with a range of complex tasks and taking care of complex processes within the company in question. Though a company traditionally strives towards a single goal described in the organizationâs vision and mission statements, the necessity to split the aforementioned goal into...
Comparison between the Behaviour of Leaders and Managers Leadership is the inborn ability of a person to influence others by way of motivation to ensure they contribute towards making their organizations effective and successful. The behavior of leaders is usually described as brilliant and mercurial because they exhibit charismatic traits...
Introduction The current business environment is fast changing hence throwing different challenges to businesses and organizations alike. Globalization adds to the challenge, as organizations have to fit in a global village whereby the rules of the game change each passing day. To fit in the system, organizations have to change...
Littlefield Technologies is a company that manufactures digital satellite system receivers and sells them to their customers. It recently opened a single factory in order to produce these receivers which donât last long in the high tech market. This requires the factory to shut down after only 268 days of...
Profits A profit is a nonpossessory interest, which entitles the holder of the benefit to take some resource from the servient estate. Henry owns land regarded as dominant estate compared to Paulâs servient estate adjacent to it. His dominant estate is rich in iron ore, which extends to Paulâs servient...
Introduction The case study describes problems facing an electric motor company in the United States that has to deal with; fluctuating demand for her products, large inventories, as well as a long lead time. The company imports castings from a supplier in Mexico, which takes at least four days to...
Introduction A budget is a plan in numerical terms of the cost of resources to be incurred in a certain activity or during a certain period. A budget management analysis is therefore an evaluation of how well the cost of resources in carrying out the activity or within the period...
Management of a company should ensure there is efficiency and transparency in their organization. One tool used to facilitate efficiency, transparency and informed decision-making is an audit. The traditional internal audit process was paper-based while modern internal audits are using computers to assist them to deliver better results. Internal audits...
Outsourcing is not a one-day process and takes time to be completed. Outsourcing is a procedure that takes stages before fully implementation. It is beneficial if it will lower costs of production of goods and services and delivering them to customers as noted by John, Halvey and Melby (2005). Even...
Introduction Following the 2001/2002 Arthur Andersen accountancy scandal and fall of Enron and WorldCom, the administration, the capitalists and the US community called for commercial restructuring to avert related future incidents. The collapse was for the most part seen to be a consequence of botched or inadequate administration, inadequate disclosure...
Introduction Financial management is an indispensable aspect in any business, particularly in the financial institutions. Therefore, quality and efficient gadgets are required in measuring its effectiveness. As the financial institutions grows, the financial system becomes complex due to the bureaucratic procedures the business operates in the name of trying to...
The topic under study in this term paper is agency cost problems that arise in corporations. The term paper will cover an introduction to the topic with the concept of agency costs being explored and discussed. The discussion will also focus on the concept of agency relationships that especially exist...
Corporations play a central role as far as the modern economy is concerned. This is because all or majority of the economic activities are usually performed by firms. The following essay is thus concerned with the examination of the agency cost problems in corporations. The essay is thus composed of...
Introduction Voluntary disclosure refers to issue of any information to the public that is non-mandatory. Such information may be an extension of the legal requirements e.g. extra financial information or in relation to subject matter for which there are no compulsory disclosure requirements e.g. non-financial information. The area of social...
In a typical organization setup the most puzzling assets are equipments, plant and property. This is because their market value continues to reduce with years and when they have to be disposed the organization must ensure that the selling price is an amount that can be easily recovered. When an...
Legal Plan Services deals in the provision services to members. These services include; legal plans for commercial drivers, business owners, and law officers and the plan for the family. These services are beneficial to members especially when faced with a lawsuit. In this case, the services will be free of...
Introduction The performance of organisations and banking institutions in particular require stringent and shrewd quality management practices. In order to address the concept of quality management in a sound manner, it is vital to note that the efficiency and effectiveness with which financial institutions are managed is the major determinant...
Introduction Company managers will confirm that the occurrence of any unplanned and unforeseen event is a matter of constant concern. These events have the potential to affect the normal running of business. Such events include sudden departure of an employee, theft of company assets or even a sudden increase or...
Statement of the Problem Organizations are currently under increased pressure to improve their performance and gain competitive advantage along with continually reviewing their operations with the aim of addressing threats emanating from changes in the external environment and harnessing the opportunities (Mani, Barua & Whinston, 2010). IT outsourcing and business...
Introduction Nearly every organization today is faced with a challenge of coping with constantly changing information systems and needs. Businesses that have been around for a long time have had to adjust from ledger cards to keeping up with big volumes of information generated in the digital era. The speeds...
Introduction The concepts of knowledge, experience and place are interlinked because they collectively define the human-environment interaction, which is at the core of understanding place theories. Memmott and Long (2002) reiterate that, the concept of place takes the form of an interactive forum where people and the environment mutually interact...
Introduction To improve efficiency and reduce business costs, companies and organizations use analysis tools. Organizations are supposed to use the right analysis tools in the right circumstances. To get the right analysis tool, organizations should pay attention to the needs of the business and look for the best analysis tools...
Introduction A few decades ago, the position of an IT Manager was not easy to come by, such titles only existed in organizations that sold IT-based products and services. However, this has changed and today, even the most buttoned-up of companies have an IT department run by an IT manager,...
