Business and economics as a study field cover the topics like management, finance, macroeconomics, etc. As a result, business and economics essays can be quite varied in their content. You might want to follow some basic tips when writing such an essay.
First, ensure the paper has a clear structure. Start with an introduction and outline the main points you’re planning to touch upon. Continue with a body that discusses these points in more detail. Finally, conclude with a summary that collects the main arguments. A great option is to use business and economics essay examples as a source of ideas and inspiration. Find a collection of samples here! They are an excellent starting point for those unsure how to approach their assignments.
Introduction Companies may opt to merge for various reasons. Among other reasons include the need to reverse poor performance, to gain competitive advantage over others, and to gain enormous market share among other reasons. A proposal was put forward to merge the businesses of Utah Symphony and Utah Opera. The...
Introduction Listed companies should present a true picture of their financial performance to investors. However, some arguments suggest the financial statements developed by these companies oversimplify their financial performance and are not objective. These concerns have been exacerbated by the ongoing COVID-19 pandemic, which has ravaged industries due to restrictions...
Introduction One machine can replace the work of thousand ordinary men, but not a single extraordinary man. Human resource management (HRM) entails acquiring the right talent for the right task and developing their skills for their personal and organizational mutual benefits. In the 21st century, businesses have adopted HRM as...
Major Facts The Morrison Company has two separate product lines, Retail and Pharmaceutical. It produces four different types of RFID finished tags (smart labels). The competition in the market is intense and growing. The Morrison Company has only one manufacturing unit. Pharmaceutical line produces two types of smart tags and...
Summary Organizational structure refers to the formal task system and reporting relations that control, coordinate, and motivate employees toward achieving particular goals. It focuses on the task and role correlation to realize competitive advantage through quality, efficiency, and customer satisfaction optimization. Strategy implementation refers to translating chosen strategies into organizational...
Introduction It is common knowledge that the leadership style and behavior of the leader should have a specific and vast influence on the performance of the organization, its employees, and project execution. The article Matching the project manager’s leadership style to project type by Muller & Turner (2007) presented an...
Capabilities Analysis The Golden Arrow Bus Service’s line of business is providing transport to people within their larger Cape Town Metropolitan Area. Consequently, its key capabilities are identified as the factors perform the value-added activities to develop the company’s service offerings and support the growth of its market1. Theoretically, a...
Business ethics is a form of moral that analyzes various problems inherent in the business environment. In particular, much attention is paid to the struggle between competitors, the social responsibility of the business community, and effective methods of managing companies and organizations. The central values of business ethics are honesty,...
As modern economics grow bigger worldwide, new social aspects of business become more and more significant. The issue of corporate social responsibility was first encountered by transnational corporations, which were hugely influenced by the effects of globalization and had to adhere to international standards. As competition between companies increases and...
Employee Turnover It should be noted that the strategy employed by Motors and More Inc. is aimed at capturing more customers and enhancing company profits. To do this, the enterprise will have to hire more employees and expand its staff in such areas as HR, marketing and sales, and customer...
Introduction Influential communication is one of the key skills effective leaders should have. In order to lead, they have to effectively communicate their message and encourage people to follow (Harrison & Mühlberg, 2014). Ruben and Gigliotti (2016) stress that communication is more than an instrument of leadership but a “process...
Brandwatch is a social media monitoring company based in England that provides a vast array of tools and services for social media analysis. The main goal of the company is to provide businesses with a more comprehensive understanding of how their brands are promoted online, which is needed to “help...
Introduction The Sweet Bits Company (SBC) has been operating in the environment of the New York market for several years from now. With a focus on quality and the willingness to cater to the needs of the target audience to the greatest extent possible, the entrepreneurship has rather big chances...
The area of job analysis techniques in human resource management focuses on the systematic assessment of various aspects of a job that an employee is expected to accomplish. Studying the area of job analysis is important since it reveals the skills, knowledge, experience, and qualifications that employers require when allocating...
Introduction The human resource department is the center of all the functions in a company. Without the involvement of which, a business cannot conduct its financial and operational processes effectively. Human resource management (HRM) in contemporary society is a procedure that uses the skills, capabilities, and knowledge of workers to...
Organizational behavior is a scientific discipline about the causes and factors of people’s behavior in an organization; a field of scientific research that uses the theory, methods and principles of various disciplines to study individual perceptions, values, and behaviors when working in groups and in an entire organization. The study...
Target Market Strategy Getting a new product into the market can be a challenging task; and one has to have excellent product knowledge, creativity, imagination, determination and patience. Besides, the marketer must have the market information and this depends on the product type. He must also have psychographic information such...
Company owners and managers have currently discovered that the information gained by reviewing business reports is highly beneficial. Many different facets and everyday business activities are continuously evolving, such as warehouse organizational adjustments, marketing efficiency indicators, revenue patterns and volume, and inventory management improvements, among others. These minor changes in...
Introduction Allied Cooperative Insurance Group (ACIG) is a joint-stock insurance public company, registered with Saudi Stock Exchange “Tadawul” as of the year 2007. It primarily offers financial services, it is situated in Riyadh, Saudi Arabia, and it is part of the Brokerages business and Insurance activities which links the potential...
National economies tend to have different management systems and tactics, but there is a commonality of critical metrics that are important to absolutely every government. One such metric is the gross domestic product (GDP), often referred to as a measure of a country’s economic health (Fernando, 2021). In terms of...
The Balanced Scorecard An integrated perspective is a today regarded as the standard approach for measuring performance, especially since the introduction and wide usage of the Balanced Scorecard. Kaplan and Norton (1992) stated that the integrated approach emphasizes the need to use measurements that are process-oriented while cutting across functional...
Introduction Panera Bread Company originates from the organization that started operating under the name Au Bon Pain in 1976. It was a demonstration bakery owned by Pavailler. In two years the organization was bought by Louis Kane, who opened 13 stores in Boston. Unfortunately, the business was not very successful...
Introduction Nintendo is one of the most famous and large-scale companies in the software & tech services industry, or rather in the field of video games since many children and adults in the United States and the world love its games. The company is the creator of games with famous...
Negotiation is important in most business transactions especially those that involves selling or purchasing of high valued commodity. Personality contributes either positively or negatively to the communication ability of a person. Personality therefore plays an important role in determining a person’s communication power in the negotiation process. This essay focus...
Introduction Communication is an important component of positive worker relationships in any organization. Whatever type of communication two employees have, not only has an effect on their relationship but also on the overall organization because organizations are a system (McCroskey and McCroskey 1). Worker satisfaction is also dependent on the...
Introduction Regardless of the size, nature or structure of the organization, communication is a vital element that helps in ensuring that there is sustainable relationship in the organization. Given that organization is a system, what a single person says to another may have an impact in the entire organization (Bratt...
Perfect competition assumes that no supplier would make any meaningful decision regarding the price it sets for its goods. This is, however, not the case because goods and services can easily be replaced by others, making firms primarily price takers. Market equilibrium is determined by the relationship between supply and...
Introduction The COVID-19 pandemic can be described as one of the most devastating public health crises in recent history. The outbreak began in early 2020 and was first reported in Wuhan, China. Since then, the virus has spread across the world, affecting almost all countries. According to Song et al....
Introduction New Jersey has a population of about 8.8 million people as per the 2012 census report. This figure shows a slight increase in population by about 0.8% as the 2010 census report. This mean the population of this state is increasing at a very slow rate due to economic...
The minimum salary is the lowest amount that employees earn from their employers, changing from state to state across the United States. In the United States, the lowest payment is $7.25 per hour to cater to basic human needs. Government regulations on minimum wage affect the quality of life. Although...
Introduction Over the years, the world has witnessed substantial progress in connecting people to reliable electricity supplies. However, some regions are still lagging in electrical services delivery. Although Nigeria has the largest population in Africa, it is one of the world’s most underpowered countries. Nigeria’s actual electrical consumption is 80%...
Key Issue within Wakewood Inapt Organizational Structure The unit’s general manager has implemented obstinate and bureaucratic organizational structure that fails to address conflict management and organizational change. The focus of the general manager is to heighten production whilst decreasing the functional expenditures. The obstinate and bureaucratic approach to organizational management...
Introduction The influence of an organization’s workforce on its general performance makes it necessary for executives to ensure the selection and strategic positioning of its employees. The competitive nature of the environment wherein organizations operate requires a continuous change in the strategic positioning of the organization’s workforce. Influential and successful...
Price Considerations The majority of business experts consider pricing crucial for the product development. Pricing is a challenge for many companies because they consider that correct pricing can intensify the product sales. Some researchers such as Ellickson, Misra, and Nair (2012) believe that revenues received by a company are connected...
The Difficulty of Management The management of a business, especially a new one, is a highly challenging task. According to Hisrich and Ramadani (2017), approximately 80-85 of new ventures in the U.S. cease to exist as independent entities within the first five years. However, even well-established companies may struggle with...
Customer relationship management Customer Relationship Management, or CRM, is a powerful tool for the assessment and analysis of all the information regarding the customers. The primary tasks of CRM software suites are recording, processing and storing data that include customer preferences, tendencies, and trends, response to various strategies implemented by...
Introduction The global financial crisis is affecting the entire world and it is causing slow down of the growth in both the developed and underdeveloped countries. The governments of all the countries are trying their level best to contain the crisis and many economists of the world believe that it...
Introduction Apple has emerged as one of the most successful companies that deal with information technology products. Many people have been wondering how Apple is able to get a bigger market share than the other companies that sell the same merchandise, considering that Apple products are less expensive than the...
Introduction Harmonization of accounting standards means the matching of accounting standards and practices implemented in domestic jurisdictions, such as the Generally Accepted Accounting Principles (US GAAP) in the United States, with International Financial Reporting Standards (IFRS), or formerly the International Accounting Standards (IAS). The IFRS is adopted by the London...
Introduction Extending the business on a global level has its own attractions as well as challenges. However, it is a difficult proposition to achieve a completely global presence in all the markets with an identical core value. The decision of an organization to take its brand globally stems from the...
Introduction Despite the fears of many entrepreneurs and employees, especially in markets with high unemployment rates, confidence in AI adoption remains rather high. As a country with vibrant entrepreneurship and a large percentage of young people, Saudi Arabia must consider the opportunities and prospects that AI opens up to business...
Abstract The primary goal of this research project was to determine how companies in the oil and gas industry could overcome various risks that may affect their operations. The researcher used information gathered from secondary sources to inform the study. It is clear from the report that risk management in...
Introduction In today’s competitive world, it is imperative for businesses to develop a highly effective and motivated workforce to outwit their competitors and remain relevant within the market (Mehta & Chugan 2016). Recently, many organisations have placed considerable emphasis on boosting employee performance as a strategy for achieving this goal....
Introduction This chapter will cover the essential peculiarities of the research methodology – approach, inquiry, design, site, methods, data analysis, and methodological considerations. It will be a foundation for addressing the following issue – the topic is under-researched. The latter statement is founded on the above literature review and the...
The concept of competitiveness permeates every aspect of all businesses. It is an issue that concerns large corporations and small enterprises alike. However, while established companies with vast resources and connections can use them to expand and develop further dominance over the market, small and medium enterprises (SMEs) do not...
Introduction Developing countries refer to the nations that have not yet achieved the degree of industrialization that balances with their population and have low living standards for its citizens. Examples of developing countries include Nigeria, Republic of South Africa, Ghana, and Libya. Crude oil is one of the major commodities...
Introduction Society must make a decision as to whether they would prefer a more efficient or a more equal society. Free market economies often encourage efficiency of production but in order to promote equality, stakeholders must resort to certain philosophies that would minimize occurrence of this possibility. Political philosophies The...
Outline The main reason for many nations wants to be part in the enlargement of EU is that it will improve their economic and political interest. Further, EU membership offer wider European market access and a share in the European budget. (Sjursen 499). It makes borderless conglomeration of various states...
The European Union debt crisis began in 2009 after the revelation that Greece could default on its debts. The government then indicated that the previous regimes underreported subsequent public debts resulting in violation of the debt-to-GDP ratio capped at 60% (Barth & Bijsmans, 2018). Coupled with the 2007-2008 financial crisis...
Hierarchal Organizational Structure at Amazon Amazon employs a hierarchal organizational structure, which makes it possible for the company to exercise extensive control over all its operations across the globe. In any company, the organizational structure determines the interactions among employees and the management (Giri & Ramakrishnan, 2019). For example, Amazon...
Introduction Strategic planning is the process that an organization utilizes to recognize its directions and goals and assign resources to trail that guidelines and goals. A corporate strategy is an approach that a company utilizes to define such guidelines and goals. Based on the aforementioned information, the report aims to...
Introduction The sub-prime mortgage crisis that was experienced in the United States of America since 2006 comprised of a series of events that led to the global financial crisis of the year 2007 (Keys, 2009). This event was characterised by an increase in sub-prime mortgage delinquencies leading to a decline...
China used to be a communist society with a poor, planned, centrally controlled, and inefficient market economy, isolated from the global market. However, the situation changed about four decades ago when China began the process of trade liberalization and created new economic reforms that boosted its economy. Since that time,...
Business ethics is a critical topic and a highly debated subject in the current business environment. The concept refers to the application of ethical values or moral principles when conducting business (Grigoropoulos, 2019). As a practice, ethics applies to all persons within an organization, regardless of ranks, positions, or roles...
Introduction Today’s business world requires that managers do business in multi-cultural conditions. Many companies are expanding into different regions driven by the need to exploit new markets and get access to enough raw materials and a cheap skilled labor force. The establishment of company subsidiaries in new territories presents opportunities...
Summary Strategic management is a function of top management, which requires them to chart the direction the entire organization will take. It also follows up to confirm its implementation. These managers have to consider internal aspects, which give the organization leverage against its competitors. Also, an organization has to consider...
Organizational change is essential since it guides managers to introduce new solutions to some of the existing challenges. Leaders can consider various models to achieve positive results within the stipulated period. Medical facilities can benefit from the idea and empower more practitioners to become involved and deliver high-quality services to...
Introduction In the international market, Red Bull is one of the leading brands in energy drinks. It is also associated with individuals who participate in activities involving intense physical sports (Red Bull, n.d.). As one of its strategic marketing plans, Red Bull ensures that it sponsors most sporting events that...
Introduction Business ethics concerns rules, standards, and moral principles that govern business relationships and practices. They guide professionals on the appropriate approaches to be implemented to resolve ethical issues and difficulties in their workplace. Unfortunately, even in the presence of many professional standards, unethical practices still exist due to gray...
Introduction Business leaders need to implement new changes depending on the existing challenges and the targeted objectives. The involvement of all key stakeholders is an evidence-based practice that can reduce the level of resistance. Managers should promote customized change processes depending on the current situation of an organization and the...
Section 1 The physical, cultural, socioeconomic and political factors of consumer food environments influence the availability, accessibility and adequacy of foods within a given community. The socioeconomic food environment in Qatar is characterised by wide-spread obesity due to the availability of cheap, unhealthy foods which are easily accessible. Our product,...
Websites Review Crafting strategies for competing internationally is a crucial step for organizations aiming at global expansion. Choosing the right strategy will determine the success of the company in foreign markets. There are three main types of international strategies for competing outside the domestic market: “multidomestic, global, and transnational” (Arenas...
Generally accepted accounting principles or GAAP is a set of standards developed by accounting professionals. This standard has composed in 1914 and amended in 1992. This improved principle standards are generally accepted and practiced world wide. GAAP is a guideline to get ready a report of economic events. It has...
Introduction DHL a leading shipping company founded in 1969. The unique feature of the shipping industry is internationalization of business at an ever growing pace. In the past 20 years, shipping companies have distorted their direction from domestic to international; they have shifted from multi domestic marketing to international marketing....
Introduction The Airline industry is a major service industry that has been in the limelight since the terrorist attacks of 11 September 2001 in the United States. After that tragic event, several airlines collapsed or had to be bailed out by their governments. They included Sabena, Swissair and Canada 3000,...
Relation analysis of China/US exchange rate and India/US exchange rate The mean averages of the Chinese and Indian exchange rates vis-à-vis US dollar from 2001 to 2012 are 7.5 (standard deviation 0.76) and 46.28 (standard deviation 3.36) respectively (see table 1). The difference standard deviation shows that the mean monthly...
Under the current rate method of translation, the key fundamental concept is that the entire amount of foreign investment is exposed to foreign exchange risk. Thus, the current exchange rate is used to convert all the assets and liabilities. Further, under the current method of translation, the balance sheet exposure...
To calculate the total cost, we must first establish the cost driver per labor cost. Calculating the cost per driver= 7500, 000/250,000 = 30 times, direct labor cost To calculate the total cost, we assume that the cost of labor is 25,000. Therefore, the cost of consultant labor cost is...
Financial statements serve the main purpose of providing information to the stakeholders of companies about their financial performance. However, not much can be derived from the information in the financial statements in their current form. Financial analysis is necessary in order to derive figures that can be interpreted and used...
The year 2007/08 has experienced global financial crises characterized by contracted liquidity in world money markets and banking institutions caused by the “failure of investment firms and mortgage companies which invested heavily in subprime mortgages” (Gretchen). Subprime lending is a term that refers to an exercise of advancing loans to...
Introduction The concept of price elasticity of demand of a commodity is of great essentiality in economics as it shows how much the demand of a commodity will change as a result of price deviations (Bade and Parkin, 2001, p. 107). In other words it shows how the demand of...
It is quite clear that River City National Bank has had problems in dealing with the ever increasing number of its customers and as a result there has been constant complains from some of the customers. On the other hand, the manager of the bank has tried implementing several policies...
Introduction Expedia’s expansion to East Asia might be one of the most important cornerstones of the company’s development in the last decade. Since Indonesia is going to be the first market in that region that the web-based service provider is going to tap into, it is imperative that the marketing...
Introduction With the rapid development and sophistication of financial systems, governments discovered a necessity for a financial institution that would address such an issue. The solution was found in the creation of a central bank or reserve bank that would stand as the monetary authority on the territory of a...
Factor prices play an important role since they determine how resources are distributed among producers. When the factor prices increase their demand reduces. Likewise when the factor prices decrease producers demand for more factors of production. Some people earn their incomes through wages and salaries and hence they are earning...
Introduction This report intends to carry out an in-depth analysis of General Dynamics to establish whether investors should invest in the company or not. In order to do this, the report analyzes different financial ratios such as liquidity, profitability, debt management, and market value ratios. General Dynamics is one of...
Introduction In every successful organization, decision-making requires proper control and attention from the management; executive action and planning are the essential parts of this process. Since executives generally consider serious issues, the consequences of their strategic decisions depend on the ability to find a comprehensive approach to the problem. The...
For every business, it is essential to follow a clear and effective strategy that corresponds to its vision. A balanced scorecard helps develop such a vision and strategy that would be the most beneficial for a firm. The concept of a balanced scorecard was created by Kaplan and Norton (1997)...
Identification and Measurement of Critical Success Factors in Strategic Management An organization must build sustainable long-term growth, and it can succeed by implementing an optimal strategy for achieving the goal. Choosing a plan to utilize begins with an organization’s purpose determination and its goals over a long span. The mission...
Introduction The given paper will primarily focus on the theory of work-life balance in the high-tech industry. The reason for selecting the topic is that the high-tech industry is fairly new, but its impact is substantial. Therefore, it is important to have an academic understanding of employee relations within the...
Introduction Organisational performance is subject to several macro and micro factors affecting the business environment. Consequently, managers often strive to formulate strategies that would enable them to navigate these factors to improve productivity. Leadership is often used as a guiding tool for realising such changes and rarely has it been...
In recent decades, business sustainability efforts have been prioritized in the business sector as a pivotal element of successful and competitive company performance across all industries. Sustainability as a broad but very important concept implies the ability of a given business entity to lead a safe and productive economic performance...
Introduction The relationship between financial development and economic growth has been researched and developed over the years to try to determine its validity. The theory that financial growth facilitates economic growth can be proved by considering the effects of business transactions and channeling of transactions through the economy, factors that...
Introduction The recent financial crisis is the worst to have taken place since the 1930s. Though several crises have occurred in the past (for example the 1980s and the 1990s financial crises), the one between 2007 and 2012 was the worst to have hit the economies of several countries across...
Introduction Rise of globalization has caused tremendous growth in the financial markets. This is because there is increase in international trade. This has consequently resulted to an increase in number of international transaction. Financial assets trade at the financial markets. According to Newage Publishers, “international financial markets undertake intermediation by...
Introduction According to Roberts (14), interest rate parity is a process through which two countries engage in a business transaction that involves interest rates under no arbitrage conditions. These conditions will create a scenario of equality between two countries involved in forward exchange as well as spot exchange rates. Interest...
Introduction In the past two years or so, the financial markets, institutions, and world economies at large have been affected by a financial turmoil of unrecorded magnitude. The situation in the world financial market and other financial institutions has positively begun to improve. Nevertheless, there is a need for investigation...
Introduction The paper at hand is going to provide a critical analysis of formal strategic planning to prove that this approach is presently ineffective for dynamic and highly uncertain business environment. It must be admitted, however, that during several decades, the leaders of both small and large enterprises successfully implemented...
With technological advancements that allow users to access large data volumes, there is now an opportunity to resolve many problems linked to inefficient information. In many cases, auditors may find it beneficial to predict the occurrence of complex situations and act before they take place. Because of this, the predictive...
The Approach to Creating a New Evaluation System To be able to create a new performance evaluation system, the manager will have to discuss its basic principles with every worker (if possible). By doing this, the manager will ensure that all employees can get used to the new system and...
Introduction As a generic strategy for achieving a competitive advantage in the e-commerce industry, Amazon uses cost leadership. This strategy implies the minimization of operational costs in order to reduce prices for customers and thus be competitive against other retailers that also offer low prices. Amazon has invested in technological...
Introduction The Federal Reserve was established by the US Congress to help study and implement monetary policy. The Fed was created to ensure stability in the market, especially in the financial market or banking system. The Monetary Policy of the Federal Reserve aims at reducing the cost of credit so...
Introduction The Islamic banking system is a system of banking that is mainly practiced by banks in the Muslim nations together with those targeting the Muslim population. Islamic banking is modeled on Sharia law, which is a set of laws that govern the Islamic faith. Under Sharia law, a Muslim...
Introduction Budgeting is one of the key processes involved in laboratory management (Tolzmann & Vincent, 2013). There are a variety of financial issues and responsibilities that laboratory managers have to address, and a thorough budgeting plan might help them in their work. Moreover, a budgeting plan is needed to transform...
Black Scholes (B&S) and Binomial Models are used for pricing options. Black Scholes allows determining the theoretical call price, which uses different determinants of price including “stock price, strike price, time remaining, volatility, and the risk-free rate of interest” (Capiński and Kopp 61). B&S is based on the normal distribution...
Introduction Futures are a form of forward contract, which gives a fixed rate for a financial instrument, such as security prices, exchange rates and interest rates at a future date. Financial futures can be used to hedge against risks that appear in gilt prices, interest rates, foreign currency exchange rates,...
Introduction United Arab Emirates (UAE) is a federation that is comprised of 7 distinct emirates namely Abu Dhabi, Sharjah, Dubai, Ajman, Fujairah, Umm Al-Quwain, and Ras Al-Khaimah. Each of these emirates is governed under certain rules and regulations formulated by a hereditary emir who is the sheik of Abu Dhabi....
Adjusting Entries Following are the adjusting entries and narrations for each of the given cases: Inventory Value Adjustments Following are the adjusting entries for inventory items: Inventory Value Adjustments Journal Voucher $ “000” $ “000” Dr Cr Inventory Revaluation $ 1,760,000 Raw Material $ 1,760,000 Finished Goods $ 2,000,000 Cost...
GDP is the market value of all goods and services produced in a country in a given year. This value arises from summing the total value of domestic consumption, investment, government spending and exports fewer imports. This year I contributed to the overall GDP when I bought five computers out...
Making Eye Contact The article “Business and Social Etiquette – How to Make Eye Contact” discusses the dynamics of making eye contact, including cultural and personal orientations, communication through making eye contact, as well as country-specific interpretations of this mode of communication. The article is clear that cultural and individual/personal...