Business and economics as fields of study cover topics including management, finance, macroeconomics and more. With such diversity, business and economics essays can be quite varied in content. Here are some basic tips for 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 cover. In the body, discuss these points in detail. Finally, conclude with a summary that covers the main arguments. A great option is to use business and economics essay examples as a source of inspiration. Find a collection of samples here! They are an excellent starting point for those seeking direction on how to approach their assignments.
Abstract Strategic management oversees assigning employees to the proper departments and positions inside a firm for that corporation to achieve its objectives. The knowledge gap has been identified within the scope of internal knowledge creation, which adversely affects a firm’s performance. Regarding new product development and research, a company’s CEO...
Introduction Over the last decade to fifteen years, Society for Human Resource Management (SHRM) has been a buzzword in many industries. Before that time, the term “people administration” was often used to describe the HR industry. The new name is not just a marketing ploy; by the 1920s, personnel administration...
Introduction It is hard to disagree that numerous major corporations depend on goods, services, materials, and products purchases from suppliers or other businesses. In case these purchases are not made in a timely manner or at lower costs, organizations face numerous consequences, including reduced profitability. Therefore, it is of vital...
Introduction Effective business processes enable companies to achieve their performance-related objectives. However, with the rapid emergence of new technologies, business processes have embraced technology. The know-how enables changes in business processes, providing employees know how to optimize and utilize information technology. In order to integrate technology into business processes, it...
Annotated Bibliography Gramatnikovski, S., Stoilkovska, A., & Serafimovic, G. (2015). Business communication in the function of improving the organizational culture of the company. UTMS Journal of Economics, 6(2), 266-279. Web. The paper presents research with the purpose of drawing a connection between effective communication and organizational culture. Given that communication...
Influence Tactics Downward In the organization of X with downward influence, two tactics are used equally: emotional impact and pressure. When the emotional impact is used the manager puts forward an enthusiastic proposal or demand. They inspire with their call to what subordinates value or what they believe in. Thus,...
Introduction Tesla Motors is an American electric vehicle manufacturer famous worldwide because of the innovations it continuously brings to the market. Since the company’s foundation in 2003, more than five models of electric cars have been produced, along with self-driving technology, solar battery solutions for houses, and energy-saving devices (Tesla,...
Introduction Information systems can be defined as strategies encompassing individuals and computers which process and interpret data. Different data sets are used in information systems, primarily business-related data (Mumby & Kuhn, 2019). Examples of information systems that are highly engaged in businesses include the MIS, TPS, DSS, and pyramid diagram....
Introduction Keeping the corporate environment aligned with the principal tenets of workplace ethics is vital for any company. The extent of employees’ and managers’ compliance with the established code of ethics depends on a variety of factors, with accounting and finance being vital components (Melé et al., 2017). By building...
Abstract The analysis of the external and internal environment is essential for any company’s growth and development. It is especially essential for large corporations, including McDonald’s, that operate in a highly competitive environment to be aware of their potential, major threats, and opportunities. This paper aims to evaluate this fast...
Introduction Costco is a leading global retailer with operations in eight countries. Currently, Costco has establishments in the United States, Canada, Australia, Japan, the United Kingdom, Spain, Mexico, Taiwan, and South Korea. Costco have a stable business model that facilitates smooth internal operations and external relations with consumers. The business...
Introduction One of the most critical aspects of becoming a more effective and successful leader is communicating clearly and effectively with others. Leaders must be moral correspondents if they are to prosper in their profession. Structural success and growth rely on managers and their players establishing the competence to communicate...
Executive Summary This paper is a business report analyzing how the New Balance company uses its information systems to be more efficient. The report utilizes previous research on the subject, analyzes a New Balance case study, and applies various theoretical concepts to explain how information systems help the company operate....
Abstract In the work of organizations in any sphere of human activity, unexpected circumstances may arise that may put it at various kinds of risk. Ensuring the avoidance of such cases in the company is engaged in implementing risk management strategies and approaches. This aspect includes exceptional managers and teams...
Executive compensation, also referred to as executive pay, includes remuneration packages that are specifically designed to suit business leaders, executive-level employees, and the senior management of an organization. It is usually given to these employees in return for the services they carry out in the firm (SHRM, n.d.). The package...
The proposed study rests on the specific theoretical framework linked to the issue under research and formulated research questions. As stated previously, the study aims at investigating the major aspects of transformational leadership and implicit leadership theory and how these frameworks can be applied to improve the functioning of cross-cultural...
Introduction The process of altering major and minor components of an organization faces resistance from members of the organization. In other words, employees from different organizational departments can be reluctant to adapt to change when presented. For effective change management or change implementation, managers need to understand and anticipate resistance,...
Definition of CSR Corporate Social Responsibility (CSR) refers to a self-adjusting organizational approach that authorizes an institution to be morally answerable to the shareholders and the overall population. Corporations may be familiar with their effect on every aspect of social structure, especially the environmental, economic, and social, by embracing corporate...
Introduction Management is a critical aspect of the business that determines its success or failure. According to Easterby-Smith, Jaspersen, Thorpe, and Valizade (2021), management refers to the process of directing and guiding the allocation of resources, development, and maintenance to achieve organizational goals. In realizing these objectives, various managers at...
Amazon is a business to consumer that uses target marketing in its engagement. Even though the organization offers an approach for the vendors to avail their products, it is highly competitive because of the accessibility to e-commerce in target marketing. Its goods are sold directly to the consumers as a...
Description of the Research and the Procedures The research revolves around the impact of leadership on organizations. It analyzes how different decisions that leaders make affect the subordinates’ performance and how the responsible propagators may influence the direction of the entire organization. The research focuses on other institutions, thus summarized...
Introduction Firms need to follow certain principles to avoid bias and ensure accuracy in producing financial statements. Any business aims at making profits to survive in competitive markets; therefore, preparing factual financial information is vital in attaining this aim. Financial reports show an institution’s economic health, thus facilitating a proper...
Introduction As part of this work, it is required to offer advice to the prospective organization regarding cultural learning and knowledge transfer in the work team. It is necessary to determine the attitude of the organization toward the disseminated knowledge to detect problems in the Organizational Mechanisms of Learning. The...
The case study is primarily concerned with the leadership problem in Apple company after the death of its CEO, Steve Jobs. Jobs’ charismatic leadership was clearly vital to Apple’s success. Yet, it is possible that Apple succeeds without him since, during his work, Jobs has created a long-term vision and...
Abstract High customer integration and satisfaction are some of the key traits of great supply chains within organizations. Customer integration refers to the process of using technologies to enhance communication between an organization and its clients. It is an important aspect of customer relations management (CRM), and it gives clients...
Introduction In strategic human resource management (SHRM), various metrics must be undertaken to see the success of a given organization. Management must ensure that they combat failures by actualizing essential plans to drive positive change. One of the issues that must be checked includes employee retention. Additionally, part of the...
Abstract The Saudi Kingdom has invested heavily and emphasized the tourism sector in the country in the last few decades because this is one of the ways the country’s economy will be transformed, according to the Saudi Vision 2030. It is also expected that the country’s tourism sector will contribute...
Maslow provided a hierarchy that defines the different levels of human desires and needs to explain motivation. From the hierarchy, it is apparent that people are motivated to fulfill basic physiological needs and then advance to other needs with the highest level of self-actualization. However, as Maslow points out, there...
Inflation affects the economy’s growth in different ways by reducing the value of the amount of money available for spending. Inflation is defined as a sudden increase in the cost of ordinary goods and services over a certain time frame. The change in commodities prices is used to determine the...
Foundation of the Study Background of the Problem In modern and dynamic business environments, effective communication with customers is critical to achieve a higher level of customer satisfaction (Alidadi & Nazari, 2013). Customer satisfaction has an important role in the overall profitability and performance of businesses, as well as in...
Introduction Apple Incorporation is an American multinational technology owned by BlackRock, Inc and Vanguard Group, two main institutional investors. The company specializes in software, consumer electronics, and online services. This paper is based on the analysis of Apple Inc. as per various facets such as globalization and technological advancement as...
Abstract Although staff turnover intentions are widespread and affect many global economic sectors, some sectors are more affected than others. The hotel industry is one of the sectors greatly affected by this problem, yet this and other allied businesses are important in sustaining economies. From this angle, the effects of...
Introduction Multiple linear regression refers to a statistical mechanism used to predict a variable’s outcome based on the value of two or more variables. In this experiment, the goal was to predict housing prices in King County in Washington, USA. The process started with obtaining the data, which was a...
Introduction The international political economy is a study that relates to the connection between fiscal and governmental forces. At its center, there have been growing concerns about human welfare and how they are linked to the nation’s behavior and corporate interests in various regions of the globe. Despite these issues,...
Puyana’s Assessment and Prebisch The author explained that the benefits could be gained by transferring goods from the periphery to the Center in the context of an expanding global economy. The income elasticity is considered low in the Center but typically exceeds the one in the underdeveloped states. The reason...
Introduction Online marketing is becoming a crucial part of people’s lives in the contemporary digitalized society. The number of users of social networks is on the rise, which shapes human consumption and buying patterns behavior (Maghda, 2021). In the past, businesses were struggling with a decision on how to market...
The cost of a firm’s services and products are accounted for by a significant share of purchased services and materials. Recent surveys show that snowballing services and product complexity, growing and increasingly volatile input prices, and the availability of sophisticated supply chain management tools have influenced strategies in the supply...
Introduction Information system plays an integral role in the effective performance of the contemporary organization. One of the most important success factors for Amazon corporation has been implementing innovative information systems (Alshmrani, 2021). The use of information system is a crucial role in decentralizing decision-making processes. For example, Amazon provides...
Outsourcing has evolved into a cost-effective and straightforward method commonly used in today’s digitizing world. Developed countries, such as the United States, seek to outsource their corporate processes to emerging countries such as India (Bolger, 2017). Before we go any further, we must first understand what outsourcing entails (Bolger, 2017)....
Based on the most recent ten press releases on the Coca-Cola corporate website Press Center, the company follows two primary business strategies: international and global. The company does not highlight the activities characterized by multi-domestic and transnational approaches. The Coca-Cola Company focuses on acquiring new stakeholders and large companies to...
Introduction Employee assessments are commonplace in most firms, with the majority of companies doing them at least once every year. An employee’s work habits and responsibilities are often examined in the appraisal context. A worker’s appraisal is a significant factor in determining promotions, bonuses, and rises in income. Both the...
Key Partners Innovation plays a crucial role in Tata’s business. Despite the age of its president, Ratan Nawal Tata, in order for the organization to remain competitive, he regularly approves various innovations together with his partners (Sharmelly and Ray, 2021). They allow the Indian diversified conglomerate to maintain its reputation...
Managing corporate practices to obtain efficiency feasible inside organizations is called operations management. For organizations to increase profits, they focus on renewing raw materials and labor into final services and products in some efficient ways. The operations-based management group is entitled to produce the much possible level of profitability by...
Introduction Communication management planning is crucial for the effective management of a project to achieve the intended objective. It is the process of designing a plan and strategy for a project’s communication operations based on the information required from each individual stakeholder, project sponsor, and other organizations involved in the...
Introduction PepsiCo INC. is the top largest beverage company in the world. The Beverage and Food Corporation, whose center of operations is in Purchase, New York. PepsiCo Inc. is a multinational food and beverage corporation of global significance. It was created by Donald Kendall and Herman Lay, the CEOs of...
Abstract Supply chain performance measurement focuses on exploring how supply chains fair in the face of fluctuating markets and regulatory/governance frameworks. The Supply Chain Operations Reference (SCOR) model, which consists of five key processes: plan, source, make, deliver, and return, is one of the models used to measure SC performance....
The international monetary system has gradually changed over the years, especially after introducing the euro as a single currency in 1990 since the collapse of the Breton Woods system. According to the global monetary framework, network externalities are responsible for selecting a settlement currency (Luckhurst, 2016). However, the euro’s introduction...
Introduction The construction industry (CI) has been reluctant to incorporate many innovative technologies into its daily practices, despite the radical changes demonstrated by other industries. It is vital to understand that numerous issues may arise in implementing certain types of technology; moreover, not all innovations will be equally applicable in...
Introduction A floating exchange duty is also referred to as a fluctuating rate, and it allows the value of a currency to change according to a foreign exchange market. An example of a currency operating in this state is the dollar (Papadia and Bruegel, 2017). Many countries prefer this exchange...
Google has established itself as a leader in terms of leveraging new business approaches and strategies to ensure continuous innovation and organizational success. The company architects its strategic agenda based on the capabilities and threats originating from a variety of technological advances. Google prioritizes technology as a main source of...
Introduction This case study is an analysis of the response of Coca-Cola since the onset of the Covid-19 and how modifications in the company’s business model have enabled the company to remain profitable. The case study assesses how the company has repositioned itself in the production of beverages to ensure...
Introduction Official development assistance (ODA) investments in low and middle-income countries are increasingly relying on innovation to respond to and recover from the COVID19 epidemic. Efforts to reuse existing aid tactics and generate new products have been the focus of innovation in humanitarian and development responses to the epidemic (Chatzoglou...
Business Issue and Impact Mackay company has registered low sales returns from its various branches and the head office in recent years. The impact of low revenues has been contributed through the lack of an effective and efficient system that can manage the company’s internal and external processes. In addition,...
Introduction Amazon is one of the companies which managed to successfully develop its supply chain for achieving sustainable growth by addressing specific components. They include an adequate organization of sales and other accompanying operations, effective global sourcing and procurement, and e-commerce strategies. In a way, the business can be considered...
Samsung Company Samsung is a South Korean global company headquartered in Samsung Town, Seoul, South Korea. It comprises multiple businesses operating under the Samsung brand and is the largest company in South Korea (Delaune, 2017). The company was founded in 1938 by Lee Byung-chuj as a trading company (Delaune, 2017)....
Introduction Creating shared value can be defined as the practice by which companies create economic success in such a fashion that ensures benefits and value formation for the rest of society by solving its problems and meeting the demands. The development of shared value focuses the attention of firms, organizations,...
Company Background AXE Graphic Designers and digital marketers is a branding company whose main aim is to increase the market share and command. AXE company uses big data technology to propel brand awareness of products and services and maximize the ever-growing online population. Their digital marketing models include web design...
Introduction Public companies have several options when it comes to earning profits. Depending on their corporate goals and financial situation, they may choose to reinvest the funds to help grow the business, buy back some of their shares on the stock market, or distribute earnings to shareholders as dividends. Dividend...
Executive Summary Strategic objectives play an important role in defining business goals and implementation initiatives. The strategic plans outline Toolcorp’s strategic goals and the primary strategies as indicators of reaching the goals. The plan will be executed through a three-cycle plan. The first plan is based on a year-year strategy....
Introduction Owing to the dynamic nature of the business environment currently, companies are adapting IT innovations in conducting most of their activities. Farcargo is a courier services provider company that seeks to restructure its operations from office-based to remotely and online-based. The company should design and implement an information system...
Profound understanding of the interactions of people within groups is paramount for any business to be able to operate effectively and efficiently. The article entitled Positive Organizational Behavior in the Workplace, written by Carolyn Youssef and Fred Luthans, is dedicated to the emerging field of positive organizational behavior. The authors...
Evidence-based practice (EBP) is the idea that all professional procedures must be founded and conducted based on logical evidence. That may appear appealing at first glance, but the notion has proven contentious. Since the formal presentation of evidence-based pharmaceutical in 1992, the following practices have moved to related health professions,...
Introduction A firm should collect technologies, applications, and methods that enhance business data analysis for precise data-driven decisions. Business analytics can accelerate a company’s achieving its objectives (Kristoffersen, 2021). Implementing data analysis in various business disciplines can be a strategy to achieve business success. Management and Organizational Behavior (MGT501) and...
Introduction This paper is intended to aid in the successful implementation of Amadeo’s business strategy in the global marketplace. Key sections of this document will analyze current growth strategies adopted by the organization and their relationship with existing market dynamics. The aim is to identify relevant risks and classify them...
Abstract The present paper analyses the strategic management at Uber, the most successful ridesharing company at present. The paper dwells on such important aspects as the company’s purpose, situation analysis, strategies, and strategy implementation. Uber’s vision, mission, and values are analysed as elements of the organisation’s purpose. In the situation...
Abstract The ability to create conditions for the sustainable and continuous growth of authority in the market distinguishes companies with well-chosen development strategies. Today, with technological innovation and increased accessibility for Internet users, many organizations focusing on the online environment as a potentially profitable activity area. At the same time,...
The Path-Goal was produced by Robert House and is based on the Motivational Expectation Theory. The model is formed on the employee’s perception that the impact of expended effort on performance depends mainly on the leader’s behavior. Managers assist group members in obtaining rewards by identifying ways to achieve goals...
Walmart is an internationally renowned supermarket chain and a globally successful business. The company owns more than 11,000 stores on 4 continents, which operate within the framework of a common corporate culture and values. One of Walmart’s core values is “We save people money, so they can live better,” other...
Introduction Leaders who exhibit and nurture and cultivate high emotional intelligence (EI) automatically become effective leaders. EI inculcates self-awareness in a leader hence enabling the making of sound personal or professional decisions (Goleman, 2009). This is because decision-making requires an understanding of how feelings affect judgment, productivity, and attitude among...
The analysis and statistical treatment of the financial component of any company or stock are based on an examination of the profit-making mechanisms, the recording of expenses, and all additional transactions carried out by the organization. Even a superficial understanding of a company’s financial performance is only possible by considering...
Introduction As the newly hired HR Director of Pioneer International, a Nebraska-based company specializing in farm equipment, I intend to impress my new employers at the company’s next annual managerial retreat. The company discusses strategic planning during such retreats, and being the first HR director to have ever been invited;...
Favorable and Unfavorable Leaders Leadership qualities are certainly an essential aspect of the work of any organization. Some people are very skillfully disposed to themselves and contribute to the quality of the work. The following qualities and features can be distinguished, which were learned from the experience of working in...
Introduction The King Company is a relatively small manufacturer that provides various components for the computer industry. King focuses on a specific market niche, and hence, it may not be significantly affected by the downturn in the industry. However, the company has a narrow customer base, with eighty-three percent of...
Introduction Employment relations imply the country’s associations with its organizations, employers, and workers. Therefore, this subject generally involves the relationships between workers and their employers, between employees or themselves, and within their organizations (Budd & Bhave, 2019). In extension, it considers the functioning of trade unions concerning employment relations and...
Strategic management and marketing are important factors to analyze for any business. It is especially significant for companies related to the provision of services, including health care. Choosing the right marketing strategies is essential to the successful activity of a company or business. A strategic approach to management is connected...
Research Background and Purpose This paper presents the results of a multi-method study that looked at the problems and consequences of the idea of agility in strategic communication. Despite its widespread use in business, there is little study on agility in strategic communication. Corporations are currently confronted with a more...
Operating a multinational business entails many challenges because such an organization is usually of considerable size and has to have a lot of assets, both financial and physical. Multinational companies usually maintain manufacturing and marketing operations in several countries and in each of them, an organization oversees multiple offices through...
Introduction Apple Inc. has a rich history. Although the first products were conceptualized and manufactured by Steve Wozniak, it was Steve Jobs who introduced the business aspects of the organization. Wozniak was used to making technology products for fun. When Jobs realized this, he pleaded with him to commercialize and...
Summary Business corporations and institutions are prone to experiencing conflicts between the employees or management and employees. Within a workplace, various kinds of disputes may arise, and in turn, they determine the direction towards which the business institution is driven. All of the preceding workplace confrontations are caused by miscommunications,...
Du Pont – the company with a long history in business – has suffered from weak performance compared to its main competitors for approximately the last twenty-five years. Currently, the company suffers from the world financial crisis and seeks methods to address its adverse effects. However, Yang and Huang (2021)...
Disney uses product differentiation as its generic strategy to be a competitive advantage. Based on Michael Porter’s model, this strategy comprises unique products offered to many market segments. For instance, Walt Disney offers its entertainment products to almost every person globally, especially with the core emphasis on family-oriented programming. This...
In 2018, the Facebook Company has faced a major controversy regarding its breach of privacy. Uncovered through intensive investigations, reliable information about the company’s data-sharing policies was found. In particular, a concerning connection to a group Cambridge Analytica caught the media’s attention (Facebook value drops by $37bn amid privacy backlash...
A company is a legitimate body established by individuals to partake in or run a business. When a company is registered under the Companies Act, it is referred to as an incorporated association (Hannigan, 2018). A firm is also an artificial person because it only exists in the eyes of...
Introduction: Background and Motivation Digitization should not be disregarded in MA because it has essential economic benefits, including increased quality, efficiency, speed, decision-making, value-added opportunities, and increased resource availability. Mechanization and the outsourcing of repetitive tasks to Shared Service Centers (SSC) lead to efficient planning, prediction, monitoring, and consolidation. Similarly,...
Introduction There is a lot of positivity in the business environment in the United Arab Emirates (UAE) right now, with various companies attempting to survive in the wake of the global financial downturn. This is true for all businesses, including telecommunications companies like Optus and Tesla. To achieve transformation, it...
Introduction It is agreed that military men possess certain skills and character qualities that are precious in other spheres, such as the business world. They include leadership, organization, adaptability, discipline, teamwork, and resilience (Dillon & Advocate, 2017; Adler & Sowden, 2018; Georgiev, 2019; Williams et al., 2017). The proposed study...
Introduction In this presentation, I will evaluate Samsung’s integrated marketing communication plan by reviewing its current objectives and comparing them against the potential for employing customer-centric models of communication to meet the needs and requirements of Millennials, who are the preferred target market for its smartphone business. By analyzing the...
Summary The Mine Health and Safety Act 29 of 1996 oversees mining health and safety in South Africa. Essentially, it is critical to understand the laws and regulations governing South Africa’s mining safety. The Act’s goals are to foster a health and safety culture, enforce the measures, and establish suitable...
Executive Summary The present report aimed at conducting an analysis of the financial statements of Emaar Properties. First, the report discusses the importance of financial statement analysis for the decision-making process of the internal and external stakeholders. Second, the report applies a ratio analysis framework, capital asset pricing model (CAPM),...
Nowadays, ethical leadership is a subject of scientific research, and scholars examine the antecedents and outcomes of ethical and unethical leadership in organizations. Moral leadership is not only about acting morally and being kind to the followers. It is also about being creative and able to encourage people to perform...
Introduction In the ever-changing climate of today, every business strives for better longevity and sustainability. The operation in an open environment created by globalization signifies the constant emergence of competition and other shifting factors that organizations have to take into account. To best adapt to the future, outlive the competitors...
Facebook, Twitter, and other social media are helpful tools to disseminate information quickly. However, they also lead to security and legal liability issues for employers. Besides, there is relatively limited case law that can help organizations in gauging the risk. According to Stohl et al. (2017), the risks in using...
One critical part of successful academic training is conducting a reflective analysis. This strategy allows for a competent synthesis of existing knowledge and significantly increases awareness of one’s own experiences and learning weaknesses and strengths. For this reason, as part of this introductory assignment, we were asked to reflect on...
According to the case study, the managerial staff responsible for the global expansion and acquisition of foreign energy plants did not have sufficient knowledge of the topic, and no research was done. In combination with fast-paced expansion and a little pressure on performance, Lincoln would achieve 12 points in the...
The global impact has positive and negative effects in the business world depending on the type of operations and activities carried out. Some of the challenges of global impact include international recruiting, whereby recruiting across borders creates new human resource teams. Companies such as Bcomp have to create a plan...
Introduction / Background The modern athletic apparel industry involves a variety of successful companies, such as Adidas, Nike, Reebok, and others, which indicates a high level of competition in this market. Among them, Under Armor, a multinational sports equipment business, acts as the most innovative and creative company. It was...
Overview of Product Grape Valley is a wine trading company engaged in importing and distributing premium and exclusive wines in North America. The beverage range consists of more than a thousand products. Currently, the company’s collection includes more than 1,500 items of wine and spirits. The main distribution channels are...
The modern profession map creates the international benchmark for professional development. The map is essential in making better decision-making, high performance, motivating change in a company, building confidence in actions, and helping career progression. The map focuses on the impact that a professional has on an organization and not the...
Make decision Make decision is a legitimate thought at any cost decrease or product development plan. Thus, the benefits and effects of conceivable choices should be assessed and the decision that distinguishes the base cost accepted as the official choice. Such activity requires quality production materials, equipment, realistic capacity, satisfactory...
For any organization or business to work following the owner’s wishes, it is necessary to have a specific marketing model. Most of these models focus only on making a profit; however, this is not the only way to build a business. The so-called corporate social responsibility (CSR) is a self-regulatory...