In terms of critical evaluation, there are several considerations any global organisation using real world examples should make when formulating a strategic plan. The research focuses on discussing the international strategy of competitive advantage. The research focuses on Porterâs four factors and Porterâs five factors. The research includes some real...
Introduction Shareholders consider establishment of a manager-shareholder relationship as the most important aspect in the success of their investment. This is arises from the fact that it is the managers who are charged with the obligation of day to day operation of the firm. Despite this, Clayman, Fridson and Troughton...
Abstract The core objective of this research paper will be to examine quality standards as applied by Devon and Somerset Fire and rescue service. This research will gravitate towards a descriptive approach. Several quality assurance systems will be reviewed in this study and their application by the Devon and Somerset...
Introduction and Background Organizations need to keep very accurate records concerning their employees this is simply because the process of verifying pay rates, private employee information, exemptions, hire date, and vacation hours is very important to the smooth functioning of the organization (Satzinger, Jackson & Burd 2004). A good human...
Introduction With the current competitive pressures in the market, most companies considered updating of their performance measurement tools. To use the accounting information effectively, management departments need to extend the frames of the existing accounting practices and apply the innovative measures. Thus, using only the accounting measures is insufficient for...
Executive Summary The paper examines critical management issues and strategies which should be considered in the event of an organization planning to venture into international markets. Consideration should be made based on three strategic variables which includes; resource-based, industry-based and institution-based. The paper starts with introduction followed by analysis of...
Introduction Internationalization, also known as globalization refers to the interdependence and connectivity of markets and businesses in the global arena. However, the terms can also have different meanings with internationalization taking a narrower meaning restricted to international relations that arise due to the immobility of certain factors of production such...
Introduction One of the most fundamental issues to the success of any project is the risk management process. A vital undertaking by any project manager is to identify the project risks and assign the issues priority based on the likely impact resulting from their occurrence. The risks with a higher...
Apple Inc. Company The world is recovering from the financial crisis that started in 2007, the crisis affected businesses negatively: despite the crisis, some international companies recorded growth in profits over the years (Dewit & Mwyer, 2010). Apple Inc is an international electronic company that has recorded an increase in...
Introduction It should clearly be understood from the onset that no single business operation could be started without a source of fund. The fund required by any business in order to be established is usually referred to as the capital. In most instances, and mostly when dealing with small business,...
Introduction Since 1958, when Modigliani and Miller showed that the capital structure that a firm follows is irrelevant if perfect market conditions could exist, studies have been done on the matter capital structures and their benefits. With the existence of a perfect market being hard to be realized, scholars have...
Introduction ASA315 requires the auditor to gain sufficient and appropriate knowledge about the audit client and its operating environment as part of risk assessment. This risk assessment will enable the auditor to set the level of materiality and performance materiality. It also aids in deciding the detection risk since the...
The Use of Marketing by Virgin Group The term marketing is an exceptional tool applied with the help of which the consumers are contented with the products or services being provided by the company, and are highly appreciated more than the company’s competitors are offering so that they will be...
Introduction Purpose The underlying purpose of this report is to discuss and evaluate different elements pertaining to the availability, presentation, disclosure, and verification of vital corporate and financial information by companies and their auditors. The outcome of the report is in the form of recommendations that are set forth as...
Introduction The housing sector, as part of the construction industry, has a number of risks associated with it. Some of these risks are unique to the sector while others are common for most construction projects. The impact of risk is different across different sectors. There are three sections of risk....
Introduction There are many forms of business organizations. These include Sole proprietorship, partnerships, and corporations. Entrepreneurs are therefore faced with the challenge of determining what form of business organization best suits them. In making the decision on what form of business to start various factors have to be taken into...
The strategy for achievement Dell has seen its growth and success in the market due to the implementation of appropriate strategies. The main strategies applied by the company combine several aspects put together. This involves mixing direct relationships with customers and ensuring efficient procedures in the manufacture and supply of...
Introduction Enterprise risk management is a process that has been employed by various organizations to manage different risks. In addition, it also helps them to identify numerous opportunities that will be used to enhance the achievement of different organizational objectives (Mikes 2009, p. 12). This means that organizations will be...
The franchise decision support system is a computer-based decision-making system that provides an interface through which interactions with human beings are achieved. It utilizes data models in decision-making and provides methods of achieving decisions by offering support for human beings who work on them. By focusing on decision-making as an...
Introduction Firms are faced with numerous risks in their daily course of operation. However, the complexity of risks has increased tremendously over the past few decades. Some of the main reasons for the increase include the high rate of globalization and technological innovation. Enterprise Risk Management is one of the...
Introduction An ethical program is a system designed to raise and promote ethical issues among Company employees by way of instilling core desirable values which an organization thinks are most pertinent to its business processes, and which they are also legally bound to observe. An effective ethics program must have...
Negotiation is a discussion used for the resolving of disagreements, this also produces an accord on certain courses of action for the purposes of satisfying a range of interests. Using the right strategies in negotiation between two or more parties is important for an amicable outcome. Cultural differences are a...
Unilever international is a multinational corporation that is virtually in every country and owns many of the consumer products such as beverages and foods. They are also involved in personal care products and agents used in cleaning. It is a fast-moving international company and thus for it to do so...
Introduction âEnterprise Resource Planningâ is software used by companies in the management of operations. It mainly specializes in the management of resources inventory within an organization. The software integrates information, processes relating to business functions, and combines them into a structured flow of information that is easy to manage and...
Introduction It is very important for any company to establish an understanding of its financial position in order to be able to make strategic short and long-term goals. The evaluation of the financial performance of a company can be done by comparing its financial statements for a trading period with...
Introduction The case study is an analysis of an oil investment project between two companies that plan on sponsoring the project: Conoco Inc. (A US-based, highly experienced oil company) and PDVSA (a Venezuelan-based oil firm). These two organizations plan on starting the project Petrolera Zuata which will possibly result in...
Introduction Purpose of the report The introduction will look into the National Health Service with a view of understanding its human resource management and in particular the organisational workforce planning. Background information Human resource management mainly refers to the strategic and concrete approach towards the overall management of the human...
Merits and demerits of Word-of-Mouth (WOM) Communication The human voice is the most powerful form of communication. In the current world where people are bombarded with all kinds of messages from every sort of media, most get lost, but in most cases, people will listen to other people, especially those...
Gourevitch and Shinn (3) state âCorporate control is about power, accountability and responsibilityâ. It shapes the efficiency of the firm and the stability of its operations. Ownership and control highly inclines towards the stockholders with the largest block of shares in the company. Changes in corporate control may take place...
Introduction Hiring is only a part of the vital process in the Human Resource (HR) departmentâs match between job requirement and candidate qualities. The process involves (a) advertising (both internally and externally) for applications, (b) articulating a precise job description, (c) screening the applicant, (d) contacting candidates for interviews, (e)...
Innovation Management (IM) could be said to be the conception and development of new ideas that germinate from people, who, over a length of time, engage themselves in transactions with others within the organizational framework. âA Continuing behavior analysis of customers enables the Company to improve its current business and...
In the light of emerging need and value of maintaining a competitive advantage, it is of fundamental importance that everyone should be kept on the same page in view of the current condition of the project as well as the progress achieved so far and challenges encountered. In the past...
Introduction In the working environment, the relationship between employers and their employee determines employee productivity. Cases of employment discrimination concerning race, gender and age are occasionally reported within organizations. This has led to the establishment of laws that governs the rights of both employer and employee. Different organizations have varied...
Cost accounting all over the world is carried out by using the traditional method or the fair value model. There has been a lot of debate as to which model is better suited to businesses in the current world environment. Article on Cost Accounting The October 2007 issue of Entrepreneur...
Kaizen change and the work of Dr. Ashby In my organization, management has embraced the most sophisticated managerial skills available in the world market. In the aspect of change, the Kaizen method of dealing with change is most preferred. It implies the gradual improvement of managerial skills. This involves the...
From my childhood, I always loved challenges. Doing non-challenging activities always left me bored. I was always curious. I wanted to test and ascertain the reasons why things happened the way they do. This eventually developed in me a curiosity about airplanes. I wanted to become a pilot and understand...
The Sarbanes-Oxley Act of 2002 resulted from the outrage that was experienced from the unethical behaviour of business organizations through financial frauds. The Sarbanes-Oxley Act of 2002 was enacted to prevent such unethical behaviour of business enterprises (Has Sarbanes-Oxley Made a Dent in Corporate America’s Armor?). Complying with the Sarbanes-Oxley...
Role of Management Accountants Management accounting, as distinct from financial accounting, focuses on the internal business building of the organization. Therefore, the management accountant has a vital role to play in the designing and evaluating business processes. In addition, the management accountants have an important part in the preparation of...
Introduction Emirates Airlines, formed in 1985 by the Dubai government with an initial capital of $10 million and only two aircrafts, which were leased1. The Emirates Airlines is based in Dubai and is one of the major airlines in the Middle East. It provides services to over 100 destinations around...
About four thousand years ago, the âBabylonian Code of Hammurabiâ prescribed severe punishment for medical practitioners who through malpractice caused injury or death. Thus, Risk Management history in health organizations dates back to this period. In the 1970s, health care providers faced an unprecedented crisis due to the escalation of...
The IT managers responsible for selling the data warehouse concept to upper management say that it would be much harder to make the case in todayâs climate of shrinking IT budgets because most organizations are trying to cut costs rather than launch new initiatives. Discuss the approach that the IT...
Introduction Leadership as a method that can be described as a way of giving direction to the actions of other people (staff) with the hope of attaining or accomplishing a common objective. Leadership encircles more on influencing people to get things done to the required level and of quality above...
The use and effectiveness of various dispute resolution techniques strongly depends on such factors as the severity of the conflict, its origins, the number of opposing sides, their willingness to collaborate with one another, and presence of common objectives (Mackie, 1991). The case of Carmen and Juanita is rather complicated:...
Introduction The quality of social and health services rendered to the public has become a major issue in most developed countries. The system mandated to provide these services have undoubtedly been put under increased strain given changing demographics, population growth, and adverse economic environment. However, experts in other management fields...
While there is debate about the effectiveness of advertising in society, few can escape the reach of advertising in everyday life in cities. One morning on my way to work in New York City, I decided to observe the effects of advertising in the city. As I turned on my...
Introduction The theme of leadership has always been an essential concern for human society. The ability to organize people and govern them to achieve a goal has been viewed as the critically important trait appreciated in individuals. However, because of the dominance of patriarchal values and the inferior position of...
Marketing is extremely important for companies with an established reputation as well as newly developing firms. One of the key parts of an organizationâs marketing strategy is a mission statement. It is a short written sentence which describes the aims of a company, its competitive advantages and policies. Usually, it...
Introduction There is an extended number of factors that are believed to influence the overall performance and success of a company. For example, they are the power of its leaders, competent management, supply and demand levels and even the country’s economic situation. Certainly, employees are also a crucial part of...
Management by objectives, simply referred to as MBO, is a strategic managerial framework popularized by business consultants in order to ensure the company operates in accordance to its needs and goals. The MBO model enables top management and individual employees to agree upon a clearly defined set of organizational objectives....
The economy of Gulf countries mostly depends on oil prices and ‘black gold’ sales volumes. That is why, after the region faced a price war declared by Saudi Arabia in response to Russia’s refusal to reduce oil production, the economies of the UAE, Oman, Saudi Arabia, Qatar, Iraq, and Iran...
Introduction A company valuation is defined as a process of determining the economic value of a business or a company unit. The motivation behind the need to value a company might stem from the intention to sell it or from the desire to understand where it stands on the market....
Motivation in management is a process of invigorating employees, aimed at encouraging them to work by satisfying their needs. The basis of motivational management of modern organizations contains various theories of motivation. Over the course of studying issues of motivation in management, many different approaches have been developed to determine...
Analysis of the Abu Dhabi Stock Markets and Dubai Financial Market Since the UAE, with a federal system of government, follows an open economic strategy, the UAE financial markets have recently expanded to trade internationally with other financial institutions. The federal system is critical as it divides both political and...
Every organization aims to perform at its best and achieve the established goals and objectives. Developing a strategy within the company becomes a crucial tool to respond to the current situation and generate potential measures required to reach the desired performance indicators. The article offers numerous strategy definitions provided by...
Introduction Business information systems handle information flow and maintenance that supports an enterprise or any other activity. Information-driven companies make evidence-based decisions which implies that they can be quite sure that their decisions would be successful since there is information to help them (Army worldwide, n.d.). Data consists of the...
Introduction Modern global commodity chain (GCC) and logistics are characterized by a multitude of geographically scattered economic actors and outsourcing of the production function to low-cost countries by large multinational enterprises (MNEs). These generalized trends have roused the development of two analytical frameworks for interpreting these complex linkages and dynamics...
Elephant ivory has been traded illegally for hundreds of years, causing many restrictions and bans. It was implemented to make piano keys, billiard balls and some other decorative elements due to its unique white color; however, it was substituted by plastic in the 1980s. Illegal commerce and hunting of elephants...
Introduction The Volkswagen Group is a Germany-based automobile manufacturer that has expanded its operation to the global market since its establishment in 1937. The company has a large brand portfolio consisting of twelve brands. Some of them are cars of the premium segment, such as Audi, Bentley, Bugatti, Lamborghini and...
ÂÂÂÂÂÂProblem Statement The main problem affecting the McDonaldâs Corporation is the substantial decline in like-for-like sales and revenue, caused by the strengthening of the dollar as well as other international issues. The new CEO, Steve Easterbrook, has introduced strategic changes that managed to turn the company around. This report aims...
In a globalized company, the workforce is diverse, coming from a wide range of backgrounds and countries. Companies have international subsidiaries which hire local populations for work as well as send expatriates for setting up and managing international subsidiaries. Geographically dispersed companies need to become familiar with local customs, consumers,...
Demand The economic condition affects the quantity of copper demanded. When there is a downturn in the economy then the demand for copper goes down. The markets that use copper for different activities such as housing and construction will reduce their consumption due to financial distress in the economy. Hence,...
In this scenario at AGC, it seems that John has an autocratic leadership style. He is independent and does not rely on employees for input in decision-making. His focus is on entirely on results and efficiency. This is not necessarily a negative aspect, as a study of the military, the...
Introduction The current global financial and economic crisis began in 2007 in the markets of the industrialized countries due to the disproportion between production and consumption. The American economy became its homeland because it was in the real estate sector of this country that the crisis arose. Still, because of...
Introduction The interest of the present research is the relationship between service quality and customer satisfaction and their influence on business continuity and sustainability. The researcher will explore the recent literature on these topics to define the key concepts and the relationship between them. The selected literature will help the...
Introduction International standardization of financial accounting and reporting is driven by the process of economic integration, the development of capital markets, the increasing role of transnational corporations, and the increasing cost of financial reporting. It aims at forming an international accounting system, developing a single set of financial reporting standards...
Some people want to be successful but do not understand what goals they need to set or how they may achieve them. Also, in some companies, there are severe issues that violate their success and need to be eliminated. This course taught us about change management and its effectiveness in...
Introduction The Peoples Republic of China (PRC) is a densely populated country in East Asia. It has passed a long way from a centrally planned economy to a more liberal one oriented on market. Currently, the Chinese economy now is one with the highest speed of development and is able...
Issue Quality management should be the organization’s primary objective since the managerial process sustains overall organizational performance. Theories General quality management is an aspect of the management of the enterprise as a whole. It is performed by top managers to ensure that the quality of every product, service, task and...
Introduction With a marvelous enduring potentiality for the Central Asian oil industry, the global geopolitical environment has been influencing national development, regional cooperation, and global energy trade including foreign aggression and raising unrest in Asian countries. Starting from the cold war era, the Central Asian oil industry has drawn the...
Research Problem Nowadays, more people find it beneficial and reasonable to prepare next generations to lead and develop family businesses (Barbera et al. 2015). It is very important to prepare young family members to enter the chosen sphere of business and develop it on the required level. It is also...
Introduction Nowadays modern and progressive companies are highly interested in Data Warehousing for getting a better idea about their business and to get insights into the strategy of their competitors. When it comes to the current situation concerning data warehousing, the most common theme is the fact that volumes of...
Introduction A business process is a combination of activities that are formulated to produce a certain service or product for a consumer. It explains the process through which a business provides value for its customers. Process design deals with business processes that ensure productivity and efficiency (Galbraith, 2002). A process...
Introduction Consumer behavior is an important feature that marketers should know in order to meet their customersâ needs. It is a branch of marketing that deals with mental and physical processes that the consumers pass through before deciding to buy products and/or services. Consumer behavior shows how the customers decide...
To reduce the effect of increasing workplace-related stress, many employers have adopted fun in the workplace. Despite its effectiveness, critics argue that with the implementation of the initiative some employees have been left emotionally exhausted[j1]. Some researchers have asserted that implementation of the program has led to more harm than...
Modern China reserves the title of world leader in population. Due to the impressive pace of economic growth that led the country to an increase in the standard of living, China has gained a new status, namely, a market with great potential. However, the per capita income level remains low,...
Strategic human resource management plays the role of providing and building a workforce that guarantees high performance. The workforce in turn ensures that there is sustained competitive advantage to grow the organization. The implementation of strategic human resource management involves ensuring that the organizationâs approach towards resourcing matches the available...
Introduction Organizational development is a complicated notion, which encompasses a range of management assumptions and beliefs. Some scientists link organizational development to behaviouristic studies while others state that it relies upon the set of specific training programs as a whole and does not depend upon human behavior. Following the humanistic...
Introduction Business values are the set standards that an enterprise observes when dealing with its clients, employees, and other stakeholders. Organizations have to define their values and responsibilities as they establish the business relationship with other stakeholders. Top-level management in an organization decides the company values and responsibilities in the...
Introduction Business ethics are crucial in determining the critical strategic decision for an organization. They help in establishing if the new or existing approach meets the moral standards set for businesses. Company managers should ensure that their vision, goals, and mission statements meet the set business ethics of the firm....
Introduction Corporate social responsibility is an important part of development process in the 21st Century (Horrigan 10). Corporate social responsibility has obtained dominance due to its impact on providing solutions to challenges the global society is facing. Some of the issues tackled include poverty eradication, climate change, promoting universal education...
Industry Definition Alibaba is a renowned company in the internet industry whose main function is to enable the transaction between businesses, between consumers and sellers, and between consumers. The company has been in the industry for quite some time, which gives it a competitive edge over most of other companies...
Developing a new product is one of the factors that several companies find complex to undertake. The complexity occasions from the challenges such as poor reception in the target market, ineffective promotion of the product, and minimal sales. However, smart entrepreneurs know how to employ the procedures provided by the...
Introduction Dave Ulrich et al. (1997, p.2) outline four general roles of HR managers in organisations. These roles include championing the rights of employees, creating strategic partnerships, acting as a change agent and propelling expertise in administration (Ulrich & Brockbank 2005, p.4). For over 15 years, Ulrichâs theory has been...
Google, its mission, and business model Google was founded by Larry Page and his college mate Sergey Brin whom he met at Stanford University in 1995 (Jarvis, 2011). By that time, they had formed a search engine known as the BackRub which used links to categorize different WebPages (Jarvis, 2011)....
Research Approach and Sources The final essay will be a review of literature, and will utilize scholarly articles, as well as empirical research that highlight the importance of supply chain management in e-commerce. The sources have been chosen in this research because they have rich and well-researched information. Notably, the...
McDonaldâs Corporation McDonald’s Corporation (NYSE: MCD) happens to be the market leader globally in the fast-food business and it operates over 33,000 outlets and has its presence in over 119 countries across the globe. The company is located in the United States and operates as a franchise, an affiliate, and...
Being a relatively young city, Dubai has shown a substantial development since it was officially founded as a fishing village in 1833 (Dubai FDI, 2012). Today, Dubai is considered to be the most developed of the Emirates. Its multi-cultural community, excellent infrastructure, and even geographical position, along with positively effective...
The global economy has a cyclic nature where the periods of deep recession are followed by the stages of prosperity and success. Subsequently, the companies and organizations need to adapt their performance and operation accordingly to stay competitive in the market. One possible strategy is to improve the quality of...
Marijuana, which is known around the world for thousands of years, was used in medical practice and sold freely until the end of XIX century in the United States. However, since the Marijuana Tax Act of 1937, the question of legalizing cannabis has been a matter of constant debate, due...
Capitalism is an economic system in which âland and produced means of production (the capital stock) are owned by private individuals or groups of private individuals organized as firmsâ (Rosser and Rosser, p. 7). Capitalism is based on property ownership, hired labor, market regulation, and income generation and growth. The...
Statement of Your Research Problem or Area of Inquiry This dissertation will be aimed at examining the impacts of regional integration in Central Africa. The main focus of this research will be on its effects on trade, migration, and border control. Overall, the origins of this integration can be traced...
When you hear the names Bill Gates or Paul Allen, the next thing that automatically comes to mind is the name Microsoft. Microsoft was co-founded by bill gates a Harvard college dropout and his childhood friend Paul Allen; both with a passion for computer programming in 1975. The company is...
Co-opetition refers to the use of both, competition and cooperation in business undertakings to produce beneficial results for the parties involved. It is possible that businesses can collaborate and at the same time be involved in some form of competition to create profitable ventures. It is therefore one of the...
Introduction Karami (2003) reckons that Strategic Entrepreneurship is viewed as a significant component of a firm’s achievement. His born of contention is however that strategic formulation entrepreneurship is an area which highly under-researched, even though he recognizes that in recent times, this has become a research point in business and...
In todayâs global market, the opinion that marketers should implement new business strategies based on building new levels of relationships with their customers appears to be more and more important. The following paper explores various ways that marketers can change consumer behaviour. There exist numerous opinions on how the strategy...
Introduction The use of e-recruitment as an alternative human resource is taking the world by storm. There is almost a universal consensus that this method is ideal for any serious business today. This literature review is just but an overview of its development process to date identifies its merits and...
Management has been the subject of many studies for more than 100 years. There are a lot of theories and methods of management organization provided by different theorists in different periods of time. Two basic approaches which attract the interest of many researches are the classical and human relation ones....
The official cash rate (OCR) is the interest rate that financial institutions charge other financial institutions for overnight loans. OCR is regulated by the Reserve Bank of Australia (RBA), and any such changes in OCR affect Market interest rates as well as rates on housing and other loans. On the...
Introduction Recent spikes in oil prices have thrown light on how economic activity in emerging markets may be impacted by oil price shocks. Oil prices have been increasing sharply from time to time and this has brought adverse effects on the economies of different countries. It is no surprise that...
The demand for energy in the United States and, in general, in the whole world is increasing; the US is one of the largest consumers of energy in the world. Nuclear energy solved the energy problems of the United States in the past by constructing nuclear plants, which helped put...