Human capital is one of the most vital assets of any organization. Workers’ skills and expertise are the leading factors that drive organizational growth and help gain a competitive advantage. Therefore, human resource management (HRM) should take a proactive stance in developing human capital to assist employees in realizing their...
Background The dairy product industry is a rapidly changing business area with shifting preferences in the market. This issue is particularly noticeable in Southeast Asian countries as health concerns about animal milk become a steadily more relevant problem (Robinson, Lakner and Otter, 2019). The Kowloon Dairy Group is the leading...
Best Buy has a strong business-level strategy: the development of offline and online segments allows the company to show stable financial results even in times of crisis. It is based on the division of the retailer into two parts: domestic and international segments. The company focuses on individual groups of...
Introduction Target is a firm that excels in providing customers with goods that adhere to their needs and spending price ranges. With increasing competition and modernization of the shopping process, Target has collected, utilized, and stored substantial user and client data. While this eases a number of processes that come...
Introduction At present, there are countless management frameworks and leadership styles that maximize the productivity of organizations and individuals. Scientific Management Theory was one of the initial systematic approaches to manufacturing that emphasized hierarchy, maximum efficiency, and analytics (Hill and Van Buren, 2018). It was first mentioned by Frederick Winslow...
The article called Not-So-Smart Phone is devoted to analyzing the experience of the irrational decision-making of the RIM company. The main problem of the executives was underestimating the competitors and overconfidence in the quality of their products. As a result, they provided an insufficient market analysis and lost their positions...
There are three competitive priorities of time: lead time, due-to-date performance, and time to market. Lead time is the time taken between the initiation of a process and its completion (Chang & Lin, 2019). For example, the lead time would be two weeks to six months, depending on the location...
The most ubiquitous distributor of digital games for PC is the Steam Store created by Valve. The store offers a large game library consisting of over 30,000 titles for the customer to explore (Steam, n.d.). Therefore, when you think about PC gaming, Steam is the first thing that comes to...
According to the principle of utilitarianism, a decision is ethical if it provides a greater net utility than any other solution. Decisions based on the principle of utilitarianism are ethical if they bring the maximum utility to the maximum number of people. One example of utilitarianism in business is when...
In this negotiation, I played the role of the seller’s agent, and the negotiation was conducted via email. My seller wanted to sell the house at $270,000, and I would receive a 6% commission in this case. I prepared to negotiate this price by emphasizing the seller’s circumstances (they needed...
According to the research conducted by Kutlák (2019), the preference for teamwork at the workplace is not affected by the age group. The study also identified that both generations Z and Y prefer to work in teams with people they know personally. The answered research question suggests that employers should...
Background With more organizations turning to Information Technology solutions, security is becoming crucial. The Chief security officer (CSO) supports business operations by providing security to employees, physical assets, and data. All the protocols, policies, and frameworks needed to mitigate security threats are developed and managed by the CSO in collaboration...
Current Situation Dippin’ Dots’ return on investments, market share, and profitability is an indication that it has a future. Assuming an innovative approach in the food industry, Dippin’ Dot has made ice cream available across ten countries and 50 states (Dippin’ Dots, n.d). In addition, the organization adopted a multi-prolonged...
In Figure 1, hypothetical elements of a chocolate production and sale supply chain are presented. There are six particular stages that have to be completed in order to have raw materials turn into chocolate products and then sold to end consumers. This particular supply chain functions on the basis of...
Recently, great attention has been paid to the issues of innovation and management, as companies seek to increase their efficiency and output with a minimal investment of resources. Management is actively developing, and in order to ensure competitiveness, enterprises must adopt new ideas and technologies. This is the only way...
Diamond quality criteria are as specific and measurable as for manufactured parts. Corporate objectives are required to be SMART (specific, measurable, actionable, realistic, and time-bound) if they are to be considered useful decision criteria and contribute to the manufacture of quality products. In the corporate world, the quality of any...
Workplace discrimination occurs when a person is treated unequally or unfairly due to specific characteristics. These characteristics may include age, sex, ethnicity, national origin, disability, or religion. It does not necessarily come from employees but also from coworkers and people from the same ranks. Unfortunately, diversity plays an important role...
Having bought an iPhone 11 with 128 GB of RAM, I was very disappointed with its quality. Disadvantages were not identified immediately but approximately within two months of use. First, there are problems with using the phone’s main function – calls. If the iPhone screen is locked, a call may...
In their article, Brakus et al. (2009) address the concept of brand experience, literally posing their research question in the work’s title: What is it? How is it measured? Does it affect loyalty? Defining brand experience as “sensations, feelings, cognitions, and behavioral responses evoked by brand-related stimuli that are part...
Executive Summary The business paradigm of food delivery has become a rapidly developing aspect of the food market. The emergence of an extensive network of online food delivery applications, including Uber, Eats, DoorDash, and Just Eat, has changed both the patterns of customer service in the hospitality industry and the...
Background The world is growing in many different aspects, yet is becoming smaller as well. Due to the technological advances of the 21st century, it is now easier than ever to connect and share everything, from knowledge to resources. Globalization is truly a phenomenon that best describes the shifts currently...
Comparison of Multiple Linear Regression and Sales Comparison The multiple linear regression model is more objective in determining the compensation due to property owners along Springbank Drive. As such, the method used to determine the amount due to each owner is verifiable and not biased. In addition, the multiple linear...
Operations strategy refers to how an organization utilizes the resources available to it to achieve a competitive advantage. For a manufacturing company, the strategy includes all decisions that need to be made regarding the production, storage, and distribution of products. The main characteristics that the company focuses on when developing...
Walmart is among the biggest companies in the United States, as it is valued at over $250 billion and owns more than five thousand retail stores spread over ten countries globally (Alcácer et al., 2013). Walmart built its dominion and purchasing prowess through the elimination of go-betweens as well as...
It is essential to figure out for what purpose managers and leaders of companies may implement a process of business simulations. To begin with, business simulation is a mechanism that is implemented to test and analyze current companies’ decisions and those that have not yet been adopted. Therefore, one may...
Introduction It appears common for people to improve their health and become their best selves in terms of productivity in the modern world. Apple Inc. developed the devices, Apple Watches, that assist users in achieving the stated goals; hence, the items seem to be incredibly popular nowadays. The smartwatches themselves...
Introduction The term governance refers to the various rules that dictate the roles of clients and stakeholders in a contract. Outsourcing governance is the framework that provides the procedure to reach the set organizational goals and gives a detailed explanation of how to achieve them. Outsourcing governance stresses the need...
Organizational Control System for EasyJet Organizational control systems are methods used b managers to monitor the success of a business. The organizational control system consists of three aspects, namely, output control, behavioral control, and clan control. EasyJet is linked to using the three organizational control systems for the smooth running...
Problem Statement Excessive absenteeism in a call center affects work relations and the quality of services delivered in the firm (Arzbächer et al., 2021). The Study conducted showed that absenteeism of workers led to inadequate services and forced the organization to lose their customers and eventually incur losses (Folger, 2017)....
Introduction Pricing in various areas of business industries depends on many dynamic internal and external factors, the correlation between which is not apparent at first glance. Nevertheless, the totality of external factors can often be explained by one that considers all of the above so that sellers can more quickly...
The author of the first discussion board analyzes the article of Magloff (2019) on market entry timing. I agree with my colleague that this article provides a comprehensive overview of the existing strategies and could be used by a company as a guide to deciding when to enter a foreign...
Introduction. Company Overview Founded as Free People retail store in 1970, Urban Outfitters Inc (URBN) is a multinational corporation based in Philadelphia, Pennsylvania, that specializes in a merchandise mix of men’s and women’s fashion apparel, beauty, wellness, footwear, accessories, housewares, music, and other consumer products associated with lifestyle. Currently, the...
Through standardized diagrams, companies can use BPMN to visualize and better understand their internal business processes. As a result, associations will respond to B2B CEO scenarios more effectively by better detecting their own internal and external weaknesses (Adamo et al., 2018, p. 139). If a person is looking for an...
Summary Tesla Inc. is an electric cars, battery, solar panels, and related products designing and manufacturing company located in Austin, Texas, in the United States. The company was founded in 2003 by a group of engineers. Currently, Tesla is the only vehicle manufacturer that sells zero-emission sports cars in serial...
Introduction Hollander Sleep Products is a well-known American organization that takes a leadership position in the market of sleep goods. It was established in 1953 as a family business by Bernard Hollander. The firm soon began supplying various blankets, pillows, mattresses, featherbeds, and many other products, making its clients’ life...
An organization exhibiting unethical behaviors in its structures faces a lot of challenges as its well-being is concerned. Distrust is one major effect of an organizational culture that nurtures both dishonesty and corruption. Distrust interferes with the company’s reliability and raises negative questions and concerns that scare customers away in...
Introduction In different times, the world has seen many companies falling and closing operations. This could have been prevented if effective internal control systems existed in the companies. An internal control system ensures that directors, operating officers, and employees perform their duties according to company guidelines laws of incorporation. The...
The Starbucks corporation is a multinational business and is the world’s leading marketer and retailer of coffee. Averagely, the organization has more than eighty-three markets internationally (City, 2021). The Starbucks’ channel advancement markets sell tea, packaged coffee, and ready-to-use drinks to consumers outside its licensed shops. The company is also...
Pfizer is a legend in the global pharmaceutical industry based on several facts. It started in 1849, and very few players in the industry match its capacity and potential. The organization is an American multinational known for some unique pharmaceutical products with high demands around the world. Old age, for...
An internal control system (ICS) provides guidelines concerning the optimal decision-making outline for all employees. The accomplishment of company goals is a multidimensional phenomenon that involves the intersectionality of dynamic institutions. The pillars that attribute to the function of a business enshrine effective human resource management, compensation scale, profitability margin,...
Abstract The American automotive industry s highly occupied with the four well-doing companies that take the larger part of America’s market shares. The trade has been subjugated by General Motors, Ford, and Chrysler for a long time. Nevertheless, with the development and expansion of worldwide manufacturers, the industry is universally...
A look into Johnson & Johnson’s website reveals insightful information about the company’s operations, products and services, team composition, and structures. To begin with, Johnson & Johnson is a pharmaceutical company that is engaged in the manufacture, sale, research, and development of health care products. The company operates under three...
The ill-fated launch of the Challenger on January 28, 1986, provides a perfect illustration of how the groupthink hypothesis can lead to catastrophic results. The senior management authorized the launch of the space shuttle despite the presentation of evidence that indicated otherwise. Recordings from that day show more than four...
Introduction At present, technological advancement allows for various innovative methods of marketing, management, and other ways to engage with potential customers. Among these frameworks, digital branding has been gradually receiving more attention due to the efficiency of online advertisements and the impact of digitalization on the daily lives of most...
Introduction The pandemic became a major factor that undermined the global economy and harmed many other spheres. Nevertheless, the main manifestations of the COVID-19 pandemic were a slowdown of economic growth and a fast reduction of opportunities for businesses. Essentially, the pandemic itself, as well as the restrictions imposed by...
Introduction “Exploration is the engine that drives innovation. Innovation drives economic growth” — Edith Widder. In today’s world, focused on the global digitalization of production through the introduction of technological algorithms, mining is still a relevant activity. Mining is one of the most significant examples of human use of natural...
Introduction Costco Wholesale Corporation: Market Expansion and Global Strategy illustrates how Costco Wholesale Corporation is developing in terms of new international markets yet meets specific problems when it comes to opening stores internationally. The strategic level problem that the corporation meets when entering the international arena is a lack of...
Evidence-based management (EBM) is a principle of basing managerial decisions on the best available scientific evidence. In other words, it is making key choices as a manager by considering available data, research, and theory on the topic that can support the decision on a scientific basis. It complements systematic study,...
Express delivery is a rapidly growing market for services to carry mail or parcels virtually anywhere in the world. The general acceleration of the pace of business and the existence of perishable goods have contributed to an increase in the volume of express deliveries made by each customer. Therefore, this...
Introduction Job evaluation methods involve assessing jobs based on the difference in their values or impact. The four job evaluation approaches include ranking, classification/grading, point factor, and competitive market analysis methods (Gluck, 2021). All of the mentioned job evaluation methods employ a skilled-based and impact strategy. They rank jobs based...
The Great Women (GW) brand faced several challenges as it scaled and evolved from a social impact mode to a regional multi-stakeholder platform. The challenges included a distortion of its core values and mission, inadequate funds for expansion, franchising issues, and scaling. Several recommendations are critical for the brand to...
Introduction Contemporary leadership approaches involve servant, authentic, transformational leadership, and leader-member exchange (LMX) theory. In an organization, servant leadership involves assisting others in realizing common objectives by empowering individuals and encouraging their development and teamwork, which is in line with fostering their long-term health and wealth (Yukl, 2006). Transformational leadership...
Introduction The automotive industry is making an impressive recovery from the effect of the COVID-19 pandemic. The demand for cars in the global market has been on the rise over the past year, and leading manufacturers are struggling to match their supply with the request. One of the main challenges...
To write this paper, I looked at the case study “Verizon Communications, Inc: Implementing a Human Resources Balanced Scorecard.” In order to analyze the measures taken to solve the case, it is necessary first to become familiar with the problem itself. In 1996, the American legislators adopted an unprecedented law,...
Introduction In the 21st century, the business landscape across various industries has undergone major transformations. Previously, the operational activity of large enterprises revolved around the generation of increased profits, thus focusing on the economic aspect of their work. Nevertheless, the current environment dictates the necessity of a global paradigm shift....
The paper introduces the Johari Window and presents Starbucks’ CEO, Howard Schultz, and his self-awareness management style and techniques. Notably, the Johari Window refers to a particular method that allows people to understand their attitudes towards themselves and analyze their relationships with others. Oliver and Duncan (2019) state that the...
Digital Era EDLP In the 21st century, EDLP represents a strategy that can help organizations maximize gains through the interface of a balance between market share and brand strength. This strategy became so popular that many brands were forced to ditch discount behaviors in favor of EDLP. Walmart is one...
When I looked up Bill Ford’s management of Ford Company, I found an article on how a change in leadership would transform Ford company in the future. The reshuffles in management came just after the company had suffered a whopping 40% drop in the stock (Thomas, 2017, para. 5). The...
Introduction Exciteco is a company focused on the development of portable smartphone components and gaming applications for them. The organization’s focus includes continuous innovation, technical development, and an early budgeting process. However, not in all cases does this approach bear fruit, which is confirmed by this case. First, a pre-made...
A relatively large number of companies are represented on the London Stock Exchange, and therefore a detailed analysis of each would take quite a long time. A wide range of investment opportunities should be dictated not only by the successful position of the company’s quotes on the market, but also...
Introduction The growth of the Indian software industry is attributed to the setup of Tata Consultancy Services (TCS) in Mumbai in 1967. During this period, the company began as a downstream computer service with its first manager from Tata Electric Companies (“Tata Consultancy Services”, 2021). In 1970, the company acquired...
Introduction Eco Textile is a sustainable AR app aimed at reducing the risks and improving the experience of online shopping by providing a variety of user-friendly features. This application offers shoes, clothes, and accessories to men, women, and children with reduced purchase threats. Eco Textile delivers a unique and quality...
Introduction: Codes of Conduct The term “code of conduct” refers to a set of rules around the behavior of a group of people, such as employees in an organization that they must follow within that institution. Once established, the code of conduct acts as the standard that the people must...
Introduction Goodwill Industries is a USA-based social enterprise that leads community-based programs aimed to help people with multiple barriers to obtain a job. This hybrid not-for-profit organization has already helped millions of Americans and people abroad in its 118-year history. Goodwill’s network consists of 157 autonomous organizations operating in 12...
Costco is a store where operations resulted from labor to transform corporate culture and leadership. The company has successfully shaped strategies to win the market and distribute its products through a combination of operational choices. Costco has focused on standardizing its products and offering options for consumers to purchase them....
Employee tardiness is a significant problem for many employers, resulting in reduced productivity and increased expenses. Sumaryathi and Dewi (2020) note that employees are “the main role holders as the driving wheel of the company’s life and are a very valuable asset for the company” (p. 367). The basis of...
Introduction The strategic factors that affect Amazon’s performance include a quality company culture, financial positioning, global positioning, vertical integration, employee relations, process-oriented research and development, distribution channels, manufacturing facilities, quality products and services, and government regulations. Amazon is one of the largest companies today and the industry leader in the...
Hierarchical is the best way to describe Amazon’s organizational structure. Three CEOs and three senior vice presidents report directly to Amazon CEO Jeff Bezos and are responsible for several critical elements of the business. Amazon has an evident and efficient organizational structure. There are several exciting features of the organization,...
Problem Statement Employees satisfaction is one of the major problems companies should deal with. Irrational management can cause staff turnover and decreased performance which directly affects the efficiency of the company. According to the practical data, employees’ job satisfaction is one of the most vital factors in a company’s management...
Letter Commentary The letter with bad news should include a sorry statement and an explanation of the inability to provide the services. However, it is better not to mention the actual cause, which is the clerk’s error and the hotel’s preference for the other clients. The other purpose of the...
Typically, strategic alternatives are distinguished into three categories: obvious, creative, and unthinkable. While obvious alternatives refer to the methods that a corporation is already utilizing in its strategic development, creative techniques advance the existing strategies, introducing approaches that slightly differ from the company’s beliefs (Kar et al., 2021). However, unthinkable...
As with any other modern multi-layered system of information technology, there can be several complex factors that cause a malfunction in the XYZ Inc. servers. The likelihood of different potential issues examined below depends on the overall condition of the servers, their run time, and the general capacity of the...
Introduction The sports business is one of the most profitable industries for investors in the Internet space. This trend is relevant to the background of several events. Despite the positive elements that the industry promises, some investors may still face some issues that they need to be prepared for. The...
Everyday Low Price (ELP) strategy brings many benefits for entrepreneurs when applied in the right setting. It functions as a free marketing mechanism that provides constant discounts, as they always attract customers by triggering their attention with favorable price tags. It is also a time-saving pricing policy as it gives...
It is pretty challenging to resist the trend of online trading development, as the situation has worsened with the introduction of a mass of restrictions against the background of the pandemic. More adaptable and flexible retailers immediately began to consider the possibility of online sales, cooperation with aggregators, and the...
Introduction When two brands produce similar products, competition between them is inevitable. Coca-Cola and Pepsi conflict is a unique century-old struggle that continues today. This competitive confrontation began back in 1903: fifteen years after the existence of the Coca-Cola company, the Pepsi-Cola company was born, which released an almost identical...
Labor shortage occurs when companies are unable to acquire adequate numbers of eligible people at going salaries to fill jobs for which resources have been allocated. Organizations face substantial implications due to environmental disturbances caused by workforce shortages. If nothing is done, a company will face major challenges such as...
The way how the leadership philosophy is constructed will certainly affect the way how any organization works. Although it is common to think about politicians as leaders with specific styles, effective leadership is reducible to small collectives, one of which can be a fire department. The paper will be devoted...
ASOS PLC is a London-based British business founded in the year 2000. The business is an online cosmetic and fashion retailer which targets the youth as its number one client. With the business’s headquarters in Camden Town, it sells its line of clothes and sells over 850 different clothes brands...
Cultural universals are those basic meanings and certificates that can be found in every culture worldwide. To consider the cultural universal, a brand such as Timberland, which mainly produces boots, was chosen. This brand represents the idea of caring for all people, regardless of their class. The appearance of such...
I decided to choose a takeaway coffee shop for this course as a small business planning object. I assume that takeaway coffee shop requires significantly smaller initial investments and could be more profitable than any other area of small business. Moreover, I expect that taking a realistic approach to planning...
In the world of business people, it is not enough to be just an expert in your field, it is important to know the rules of conduct and be able to build relationships in a business environment. It is an art to express your thoughts in a coherent, competent, and...
Corporate governance is essential for companies to promote an ethical culture and ensure effective management that can achieve strategic goals and improve performance, which is critical for the firm’s long-term success. Therefore, it is necessary to direct and control companies as well as provide shareholders with an opportunity to evaluate...
The problem with a quick payout after winning the lottery is that there is a desire to implement all the projects you had previously thought of after you win. The sum of one million seems significant, but you can quickly lose it if you do not take a sensible approach...
Efficient Human Resource Management (HRM) plays a pivotal role in the company’s culture, environment, and performance. In particular, effectively managing and recruiting employees is essential to the workforce revitalization post-COVID-19. The pandemic has posed additional challenges to businesses all over the world. Malaysia is not an exception as the country...
Constructive disagreements and constructive conflicts are not the same things. Usually, constructive conflicts become the result of either dissolved or improperly solved constructive disagreements (Harvard Law School, 2020). There exist two ways of solving disagreements that prevent them from turning into conflicts and do not undermine the authority of the...
Working in a team can be considered one of the crucial elements of any organization that wants to achieve its goals. The ability to work with a huge variety of people from different backgrounds and cultures increases the general performance of an organization and the level of tolerance in society....
The article “Corporate Dividend Policy in Practice: Evidence from an Emerging Market with a Tax-Free Environment” by Abdelaziz et al. 2010 explores the field rehearsal of dividend strategy in a developing market with a tax-free setting, specifically the UAE. The scholars investigate the dividend strategy in a developing market with...
The article “Company Valuation in Mergers and Acquisitions: How is Discounted Cash Flow Applied by Leading Practitioners?” by Brotherson et al. 2016, explores how leading practitioners apply Discounted Cash Flow methods to value company operations. The researchers interviewed the main investment banks to obtain sufficient information about how top consultants...
The article “Valuation Techniques” by “The Graduate School of Business Stanford University” 1999 discusses the crucial skills entrepreneurs must consider when evaluating opportunities. There are three main methods to rate entrepreneurial industries and practices, exemplifying each technique. The three procedures are the Balance Sheet, Income Statement, and Discounted Cash Flow...
The article “Theory Versus Practice: Perspectives of Middle Eastern Financial Managers” by Abdelaziz et al. 2010 studies the Arab Gulf area financial managers about a comprehensive set of monetary decisions. Still, the article examines the opinions of financial analysts with both financial theory prescriptions, North American practices, and European peers....
Lowe’s Companies, Inc. (Lowe’s) is a Fortune® 50 home improvement organization that serves over 18 million customers each week; it is one of the world’s largest home improvement retailers and the second largest home improvement retailer in the United States (Lowe’s, 2021). Fiscal year 2019 sales totaled $72.1 billion, with...
Introduction One of the most critical tasks for every organization is to timely reveal the so-called emerging leaders or, in other words, the people whose successes at work are more significant than those of their colleagues. In order to do this, managers can use specific characteristics that reflect the fast...
Indeed, hopefully, the pandemics will not last internally, and within a year or two, customers will be back to offline marketplaces. When choosing electronics, people benefit from real-life shopping as it allows to analyze store shelves more thoroughly and get valuable recommendations. As a company, Samsung definitely would want to...
Coca-Cola is considered one of the most popular brands in the soft-drink industry. It is an American company that manages to spread its product across more than 200 countries. Due to the years dedicated to the industry and the successful marketing strategy, Coca-Cola has been holding the position of the...
Introduction Organizations operating in the 21st century are experiencing more dynamic challenges because of advanced technology and intense competition. Just like individuals are reminded that each life rain must fall, a crisis must occur in each business. Organizational crisis ranges from loss of data due to computer hinges, loss of...
Introduction Despite the field of business, the number of customers, or the staff’s quality, communication always remains a significant part of any organizational process. The main idea of communication is to send and receive messages among individuals within a specific environment and for certain purposes. There has to be a...