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S. manufactures lost a considerable share of the market to foreign manufacturers.
George Stigler developed the economic theory of regulation in the late 1960s, arguing that, instead of regulation being imposed on industries in genuine democratic efforts to protect consumers, big businesses seek out government regulation in an effort to gain monopoly or cartel powers they cannot obtain by market methods (Edwards, 2002). Historically, big businesses have been responsible for creating most government regulatory agencies that will benefits their interests (artlett, 2002). Regulation helps erect barriers to entry for smaller businesses because it serves as an overhead cost that big businesses can more easily absorb than smaller businesses with less revenue. For example, the Federal Communications Commission makes it difficult to get into the radio, television, or telecommunications business and the Food and Drug Administration limits the pharmaceutical industry to a few big businesses that can afford the prohibitive cost…… [Read More]
This initial influx of labor gave the New mmigrants an opportunity to earn a wage and survive economically in the urban centers of the country. As the majority of these new yet rapidly growing businesses were located in major urban areas, the opportunity they provided New mmigrants of earning a steady paycheck drew them from the more impoverished areas of the world. n conjunction with this development, the exponential growth of these businesses began to create the need for middle managers, upper management and staffs to support the CEOs and founders. Based on this division of labor the middle class of the U.S. was beginning to take shape. The rise of Big Business was directly tied to the productivity of each of these specific groups of workers, with many becoming consumers for the mass-manufactured products being produced in the nation's factories. n conclusion, this period of American history illustrates how…… [Read More]
They protested workplace hazards and the treatment of workers like disposable commodities when laborers became injured, sick, or old. The Knights of Labor and the American Federation of Labor were two of the earliest labor organizations. However, legislation and government actions suppressing the strikers and a failure by the legislature or the legal system to acknowledge the suffering of laborers lead to violent confrontations between workers, managers, and the law. These workers felt as though the benefits of capitalist consumer society were being gained through their blood, sweat, tears, and lives, and they had no voice other than violence.
The railroad strikes of 1877, the Haymarket riot, and the Homestead and Pullman strikes all resulted in bloodshed on both sides. The emerging middle-class grew hostile to labor and began to associate it with violence. Class divisions intensified in American society. Ideologies such as Social Darwinism or that 'survival of the…… [Read More]
Ethics in Business
The Nature of Corporation
The evolution of democracy is such that it periodically conditions the environment to "create a system that makes the participation of some citizens count more than the participation of others" (Shriffin as cited in Alzola, 3). Today, a wealthy elite and the deep pockets of corporations have unduly influenced the checks and balances on which the American version of representative government was established. Even though each American citizen is entitled to one vote, citizens of ordinary means and circumstances have essentially been decoupled from true representation. Massive amounts of money are poured into lobbying and electoral activities, hobbling any effort to ensure equality in voice or vote. This paper will first argue that the current political and judicial climate is incompatible with the ideology of the demos or common people. Following, the discussion will provide a counterpoint argument in which the…… [Read More]
The world of big business is often filled with takeovers, mergers and acquisitions. These types of transactions are often very impactful and can send serious changes across the financial landscape. It is therefore very important to students of financial and economic systems to investigate and measure the utility of these types of trades. The purpose of this essay is to examine an specific example where a potential merger is investigated to achieve this objective. In this case, this essay will argue the recent rumors of Google acquiring Groupon and the ramifications of this event. The essay will attempt to answer if this potential acquisition would add value to the shareholders of each corporation in order to make an executive decision as whether or not to recommend such a transaction.
Mergers and Acquisitions
Benefits of Mergers and Acquisitions are the main reasons for which the companies come into these…… [Read More]
Blaxpoitation and Big Business
The writer examines the relationship that existed between U.S. corporations and the black consumers in the period of the 1970s. The main focuses of the chapter are three major trends that involved African-Americans during this period mentioned therein. These include the successful attempt by Hollywood to reach the African-American consumer market through the successful introduction of the film genre known as the Blaxploitation genre. The chapter gives examples of the films that made up this genre and how they were easily sold out to the African America population. It also shows how the films were welcomed by the Africa America population and how Hollywood really made fortunes from releasing one film after the other. Some of the films named include sweet sweetback, shaft, super fly among others. Historical and psychological insight helps in giving an explanation of why black consumers were manipulated easily through the film…… [Read More]
Andrew Mellon was an important figure in American history. His policies and strategies helped to shape the American economy and the tax policies that exist. The purpose of this paper is to discuss Andrew Mellon the man and his history as the Secretary of Treasury in the 1920's. The discussion will seek to dispel the assertion that Mellon only aided the wealthy and that his policies helped trigger the Great Depression.
Andrew Mellon's family was composed of entrepreneurs who had accumulated wealth through the companies that they owned. According to the United States department of the Treasury, Andrew Mellon showed an acumen for finance when he formed a lumber business when he was only 17 (History of the Treasury). Mellon joined his father's banking firm at the age of 19 and became the owner of that bank at the age of 27 (History of the Treasury). In addition,…… [Read More]
In the long run, Machan & Chesher's argument makes sense -- care for the health and safety of company employees and see the company grow more profitable! Care for one's own health and one will be a better employee! However, management does not always take the long-term vision that, 'if I allow my employee to take a day off for the flu, he or she will be more productive upon his or her return, and not infect other employees.' Employees may be told to come in to the office when they are sick or else they will be fired. Thus, they risk their own health or the health of others, to make a quick return on the corporation's investment in an employee. Also, an adolescent or even a twenty-year-old on his or her first job may have a sense of invincibility, and do imprudent things, like speed to deliver pizzas,…… [Read More]
Business Transformation Strategy
GE Capital oodchester is a leading provider of motor car, equipment, and personal finance in the country of Ireland. They offer the most flexible packages for diverse financial needs and as such, have earned the position of leading the personal and capitol acquisition financial services. GE Capital oodchester also provides specialized financing and services and they focus on niches including equipment and car leasing, hire purchase and loans to businesses and individuals across Ireland. Headquartered in Dublin, GE Capital oodchester services the financial needs of its customers through its regional sales centers and extensive dealer and partner network.
GE Capital oodchester is a wholly owned subsidiary of GE Capital. ith assets of more than U.S.$425 billion, (gecapitol.ie, online) GE Capital is a global, diversified financial services company with 28 specialized businesses worldwide. GE Capital has had an enviable record of growth over the past decade delivering value…… [Read More]
Integrated communication allows for more seamless interaction with stakeholders, and thus a strong communication strategy is necessary for modern strategic stakeholder management. Even in the midst of globalization, stakeholders can still weigh in heavily in the direction and practices of a business. This is the main topic of the article "Stakeholder Forum Calls for eview of Eskom's New Build Programme." In this article, stakeholders are shown as exercising their power by questioning Eskom's recent move to develop new housing and commercial buildings. Fearing their money was being spent too liberally, stakeholders in Eskom came together and requested further review before the program was implemented. This shows the continuing power of the stakeholder even in modern business.
The nature of business is changing on a global scale. Yet, it is clear that certain elements of traditional business still play a key role in this new context. Protecting and giving back to…… [Read More]
When the Truth Takes a Stretching Class
Maria Bailey clearly and blatantly misrepresented the size of her start-up business, but shrugged it off saying she knew what she was "capable of doing" and just wanted to show potential clients "what we were going to be," rather than tell them the truth about how fledgling her business actually was at that time.
Was it immoral for Mary Bailey to misrepresent her company?
Looking at the "consequential" side of her decision to fudge the truth about her company, moral decisions are made based upon what the consequences of the action will be. The results of her action actually could have several consequences. The one first and pivotal consequence Maria hopes will happen, of course, is that the fact of her deciding to embellish the truth about the size of her company will bring potential customers into her business start-up Web…… [Read More]
An article by Bernard Stahl, "The responsible company of the future: reflective responsibility in business," that the one thing that is certain about the future is its uncertainty. While uncertainty has always been a constant of human life, due to technological and social developments, risk and uncertainty are going to be defining features that future companies of the future will have to face. Acting responsibly will allow companies to face risks and uncertainties, to adhere to moral standards and at the same time improve their economic viability. Developing and implementing a plan for responsible action will demand costly and significant resources, patience and the acceptance that failure can still occur. However, this approach will be much better for our country and the world at large. I look forward to having such a company after graduating.
Similarly, an article by Ken Petress, "Some thoughts about deception," stresses that "Deception is shown…… [Read More]
If the economy has not grown, it is certainly not the result of poor monetary policy response, given that the Fed's policies under normal conditions would have resulted in significant economic growth. Fiscal policy, therefore, has clearly been inadequate. Indeed, little of his has been attempted in recent years and the current path of "sequestration" is contractionary.
The product that I have selected is headphones. The global market for headphones can be difficult to reach, since the retailers are going to be different for each country. Thus, the strategy for going global has to involve going to one country at a time. Exporting is the best method of market entry in this situation, because the company does not need to set up a subsidiary in any country until the country has proven receptive to our headphones. e are simply selling to importers, who handle the rest of the…… [Read More]
Removing losses from the company's books made the main corporation look more attractive. Enron appeared to be operating at a profit; a key factor in the valuation of any company's stock. By virtue of this "success," Enron was able to raise even more money for more investments.
The architects of all this "growth" profited accordingly. Ken Lay and his associates held large amounts of exceedingly valuable and overvalued stock. hen Enron's cheating was finally exposed, it became painfully apparent to what extent Ken Lay, Jeff Skilling, and other Enron executives had been making vast sums of money on the backs of gullible workforce, and a gullible public:
The "Enron Nine" (if we may call them that) are J.P. Morgan Chase, Citigroup, Credit Suisse First Boston, Canadian Imperial Bank of Commerce, Bank of America, Merrill Lynch, Barclays, Deutsche Bank and Lehman Brothers. These financial institutions collaborated with the now-bankrupt energy company…… [Read More]
Businesses, like everything else in this world, is affected by the way the economy turns. During good economic trends, businesses seem to boom, and every one seems happy and satisfied with their circumstances. n the other hand, once the economy goes south, some businesses start to head south as well. Financial burden starts to overtake what once held peace (Justiniano & Preston, 2006). But not all companies will suffer during a recession, and not all companies' business will boom during good economic times.
When one thinks of a bad economic era, one thinks of businesses closing down, of people losing their jobs, and finances being out of control. nce the economy goes down, people feel insecure about everything around them. They hold on tighter to what they have and fear losing everything; it's as if they enter a state of shock when financial insecurity comes forth. And it is this…… [Read More]
Today the outbound telephone marketing industry has given political campaigns the ability to reach out to a large group of targeted voters in a quick and quiet way, just below the radar. This notion went way beyond the small volunteer call centers that have existed for over forty years. It was essential for the technology to be in place and widely utilized. Political campaigns could not have put into production a complete industry of dissimilar companies, large and small, with many thousands of telephones in call centers. This was a revolution as one could target using any criteria from gender, age, vote propensity, income, level of education, to presence of children. One could shape the message even within a single calling agenda, so that they may be calling all women, but the script may be different for younger women in comparison to older women. And maybe most importantly, one can…… [Read More]
There are minor differences in prices, quality, and features of these products. Therefore, consumers can choose those products that best match their current needs. In the new market, Technosoft will need to strive hard for building a strong customer base by producing and promoting innovative technology solutions.
v. The Bargaining Power of Suppliers:
The bargaining power of suppliers is strong against new and small scale software manufacturers while very low against top market leaders. eason being, large scale manufacturers take advantage of their financial strength and make long-term collaborations with the raw material suppliers in a view to get regular and non-stop supply. On the other hand, small manufacturers can neither make strategic collaborations nor make bulk purchases for getting discount on raw material. As a result, the bargaining power of suppliers increases against these small manufacturers.
Section 3: Marketing Plan
3.1: Potential Target Market
Technosoft specializes in operating system…… [Read More]
Students, view "Submit a Clickable ubric Assignment" Student Center. Instructors, training grade Instructor Center. Assignment 2: Playing Favorites Due Week 4 worth 120 points Write a (1) page paper.
Comparison between different types of business
Businesses are usually divided into different classes depending on either the number of employees a business has or the total worth of its assets. Different businesses fall under the following category: Small, medium or large enterprise. These businesses have different number of employees, and this is what differentiates between the different types of business. Small businesses have around 5-50 employees, medium size businesses have about 50-250 employees and large business have about 250 employees or more.
Opportunities for Small businesses
Small businesses are businesses that are usually privately owned and can also be owned through partnership. It is operated by the owners and has a small number of employees. The government has…… [Read More]
business clusters and supply chains, first supply chain must be properly defined. A supply chain comprises of all parties either indirectly or directly involved, performing actions that satisfy a customer demand. Supply chains include several parts that work together to supply the customer. The manufacturer and suppliers are in one part of the chain with retailers, transporters, warehouses, and customers being in the other end. The supply chain includes all the processes necessary to get the desired product or service into the hands of the consumer. A good example of this is milk production. The farmers involved in supplying the milk to the consumers must first deal with packagers, followed by distributors, then shippers, and finally vendors who sell the product, in this case, a carton of milk, to the consumer.
Supply chains are managed by several individuals and bodies involved in business. Utilizing the model of milk, the supply…… [Read More]
In addition, individuals have ethical decisions when it comes to whistleblowing, because very often, when they bring attention to a problem or concern within an organization, they pay the ultimate price - they lose their jobs, or lose the respect of their peers and management. In this, the organization is to blame, and it indicates the ethics of the organization do not encourage truth and doing the right thing. A good case in point of whistleblowing that was ignored is the case of the Challenger space shuttle, which blew up in 1986. Engineers had called attention to the problem with the o-rings that caused the explosion, but NASA ignored their concerns and it resulted in a disaster (Cadbury, 2002, p. 108-116). There are many other examples of this kind of unethical behavior on the part of organizations, and it results in individuals who may be afraid to do the right…… [Read More]
As the GM Case Study indicates, competition between the local brand and the foreign brand can give the local brand an edge especially when the foreign brand has more cost attached to it. GM, for example, was obliged to cut the costs of its cars in China because the national brands were gaining market share “by offering cheaper sport utility vehicles” (Bloomberg, 2015). In Kuwait, there is a lot of potential for local businesses to grow and edge out foreign competitors. In various fields, Kuwait is showing potential and innovation. It is behind only Saudi Arabia and Turkey in the number of scientific and technological patents produced (USPTO, 2015). Kuwait has emerged as a leader in Gulf Cooperation Council (GCC) countries in terms of innovation (“Kuwait sees fastest growth of GCC countries obtaining patents,” 2016). And as the Kuwait Times (2018) reports, “Kuwait has witnessed an extraordinary rise in…… [Read More]
Big Businesses in Australia Use Highly Paid Lobbyists or Circumvent egulations
In its relations with government, big business in Australia usually gets its own way either through the influence of highly paid lobbyists or through the capacity to circumvent regulations.
In the recent few years, the Australia government has promoted an economic liberalization task through a deregulation and privatization process. Deregulation of the media sector is now on the agenda. In 2006 Senator Coonan, Minister for Communication, Information Technology and the Arts launched a government structure for modern deregulation of the media sector (Arup, 2006). Included within the deregulation structure is a suggestion to relax the present media ownership regulation. This document will temporarily summarize the present Big business ownership in Australia and talk about the reasons for such control. This will be followed by a research of the different justifications for and against deregulation.
Arguments for deregulation consist of…… [Read More]
Business Plan for a Financial Divorce Software
Business Plan Divorce Software
Business Plan relating to the Sales of a new Financial Divorce Software.
Business Plan relating to the Sales of a new Financial Divorce Software
Keys to Success
Legal Form of Ownership
Location and Facilities
Products and Service
Ps of Marketing
Financial Statements and Projections
evenue and Cost Estimate
Forecasted Profit and Loss Statement
Forecasted Balance Sheet
Financial planning is involved in every aspect of life. Individuals and businesses have to formulate their daily, monthly, and yearly budgets in order to achieve a balance between their incomes and expenditures.…… [Read More]
Mentoring is a critical job and is important for the one providing it as well as the party seeking it. The business parties seeking mentoring are normally those that are beginners and they wish to avoid problems by seeking expert advice. On the other hand the mentor's credibility and business experience is proved when he offers mentoring and advice. Theft and fraud are two most common issues faced by the starting businesses. The paper discusses what advice can be offered to beginners to avoid theft and fraud in business.
What advice can be offered to beginners to avoid theft and fraud in business?
Mentoring is an advisory job and should be backed by proper knowledge and experience. Based on the three decades of business experience, it can be said that fraud and theft are most common in business however only a little more carefulness can help avoid…… [Read More]
The company deals in interior finish materials. The range is from the floor tiling and laminated floor boards to the paint and lighting systems. The company primarily sells and advices the clients on the best interior finish material to use, once they have finished their basic construction of the house. The company works closely with the homeowners, interior designers, architects, developers and construction consultants.
It is of great importance for the management of a business to know their areas of Strength, Weakness, Opportunities and Threats to be able to capitalize more on their strength and take precautions on their area of shortcomings (Marketing Teacher, 2011). It will also enable us as accompany to seize the opportunities that arise and curb any threats like the budding competitors early in time. This is because before one engages the business to carry out a particular task, one must first…… [Read More]
Business Society and Corporate Values
There has indeed been a great deal of discussion regarding CEO compensation, which is rightly viewed as being completely out of line. The core problem and cause of inflated CEO salaries cannot be attributed to a single reason, but is rather the result of a range of inter-connected factors. What is definitive is the fact that these salaries have inflated over time; this is in part due to the fact that greed is a progressive, boundless factor. "According to the Economic Policy Institute, in the late 1970s, total compensation of chief executives in large American corporations was 35 times that of the average American worker. In 2007, it was 275 times that" (Borger, 2007). These facts alone demonstrate that there is good reason to be in a state of alarm. The reasons for such severely inflated and remarkably unjust salaries are a result of the…… [Read More]
Description of the Business
The business is a gourmet candy shop. The shop will sell gourmet candy that has been sourced from all over the world. The shop will operate with one storefront location, and there will be an Internet/mail order component as well.
The rationale for the business is simply. There is a growing trend towards hedonistic approaches to dining. We have seen in the past few years the rise of the bacon fetish, high end craft beer and coffee, cupcakes, the move of fine dining to the mass market and a full embrace by Americans of better quality indulgent goods. Much of this trend can be credited to the aging of the population, as people seek to maximize pleasure. They have the financial means to treat themselves, and seek to balance this hedonism with a desire to be healthy. The intersection of these ideals is where…… [Read More]
Thus, the price will be:
(220*P)-(220*25.57) - $2,250 = 220P -- 7875.4 = $35.7, so the price for the one-hour session will be $360. Given that the expected demand is 240, the income statement will be as follows:
less variable costs
less Fixed Costs
Income Before taxes
The CMS website's search function is non-functional, so there does not appear to be any place to find out the reimbursement rate for this type of service. This is ok, because reimbursement rates will differ depending on the payer -- private insurers may have different rates anyway. The biggest issue is actually going to be with cash flow. All types of payers can be notoriously slow with their payments. It can take 60 or even 90 days sometimes to collect on billings, which will have an effect…… [Read More]
Business and Human esources
Apple Company Inc.
Apple was founded by Steve Wozniak, Steve Jobs and onald Wayne in 1976; however it was integrated in 1977. It is an American company which not only produces computer electronics, personal computers, portable devices and software but also sells them. Apple has been in this business since 30 years and in this time span, it has faced highs and lows in its economic activity. It is not only listed on the NASDAQ with the ticker of AAPL but it has a share in NASDAQ-100 and S&P 500 as well. In 2007, Apple gained extensive fame after the struggle of many years when it introduced the iPhone, iPad and iPod touch in the market (Flippone et al., 2012).
The Organization Today
Flippone et al. (2012) mentioned that Apple has 393 retail stores located in 14 countries since August, 2012. Apple is recognized as the…… [Read More]
The business that I am going to start is a small coffee microroastery and shop. The company will perform two basic functions. The first is a product function, the roasting of coffee beans. Green beans will be received by the company, roasted, and then both used in the shop and made available for a variety of retail channels. The second function will be a service function, based on the production and serving of beverages and light snacks. The staffing plan will be simple. The owner/manager/roaster will perform most of the management tasks associated with the shop. There will be an assistant manager who doubles with barista duties, as well as 4-6 part-time staff members, filling 3 FTEs in the barista/service function. This plan is based on experiences at other, similar operations, in addition to meeting a few other needs. One is the need to keep costs down, and…… [Read More]
Business Financial Plan for Sweet Tooth Treats
Baking has always been a major part of my family life, and for generations there has been infamous cookie recipes past down from one cook to the next. Every holiday season, my cookies are notorious for being the best any gift receivers have ever had. Finally, I believe it is time to make my baking hobby and actual money making enterprise. I know I have the recipe, the potential customers, and options for both retail space and an online presence. The only thing missing is the initial push to make this hobby an actual business -- Sweet Tooth Treats.
Business Start Up Plan
The essentially product here is the various cookies, of different flavors and ingredients. I have several recipes for cookies, both permanent and seasonal variations. These products will be sold in both individual sales at a retail location,…… [Read More]
This means that you must continually monitor and communicate about possible changes, pertaining to the overall scope of the threat. Once this occurs, is when an entity will have an effective security procedure that will adapt to the various changes that are taking place.
This is significant, because this information can be used to corroborate the overall nature of security threats that could be faced by the SME. Where, this information is useful in helping to identify and address possible operational considerations that must be taken into account. As a result, this will help to provide not only a glimpse of possible security challenges that will be faced, but it will also help to establish an effective IT security protocol.
When you compare this with the previous source, this information can be used to highlight specific security threats that the company we are examining could face. Where, it discusses the…… [Read More]
usiness Study Nucor Steel
Historical Performance Review vs. Goals
The performance of Nucor Steel has been one of volatility in their earnings and demand for their products. Part of the reason of for this, is because of the sharp contraction in demand for steel (due to the server implosion in economic activity). At the same time, the traditional volatility of industry would cause the company's earnings to become even more unpredictable. A good example of this can be seen by looking no further, than comparing revenues with the net income between 2006 and 2008. Where, revenues would climb from $14.7 billion in 2006 to $22.6 billion in 2008. While the net income, would become more unpredictable during the same period of time going from: $1.7 billion in 2006 to $1.4 billion 2007. At which point, they would begin to climb again, with 2008 net income coming in at $1.8 billion.…… [Read More]
S. market for counterfeit goods and if Coach and other companies are taking advantage of law. It is foolish according to the attorney of Kim for Coach to threaten its customers with $2 million lawsuits and before antagonizing customers the company must do a minimal investigation and it is not known how many customers got scared and paid off Coach. Kim, had worked for the Coach in 2004, filed suit saying among other major charges that the company wanted to suppress online sale of used items to pay high prices to the company for a Coach handbag. There is a problem for all companies which grapple with counterfeiting and it is often seen on Craigslist and eBay. Along with Kim one more eBay seller, James Caffarella of Littleton, Mass was also sued when he tried to sell legitimate silver golf-ball Tiffany key chain using a stock photograph. He too received…… [Read More]
Under this system, "each joint venture partner would separately account for and pay tax on its income and claim the proportionate share of joint venture expenses" (Ernst & Young, no date).
Liability is also limited in the joint venture under Australian law. It is worth noting that in this case one part of the joint venture "cannot make the other joint venturer liable for debts that they incur in the name of the joint venture, unless authorized under the joint venture agreement" (Cordato Partners, 2012). Thus, John cannot undertake a cost and then ask Fred to foot part of the bill. This is something that differentiates a joint venture from a partnership, and is worth taking into consideration, depending on how the two men expect to handle the operations and financing of the venture. This also makes joint ventures a little bit more complicated to manage than a partnership, because…… [Read More]
Given the scarcity of lever machines on the market and the unique nature of the niche market, price elasticity of demand is expected to be low. There may not be many prospective consumers, but those who want this product will be keen and are unlikely to be strongly price sensitive. The best price would therefore be at the high end of the range, $1,200. This means that the selling price to the distributor would be $600, for a contribution margin of $350 per machine when sold through the distributor, or $950 if sold through the company website. These figures have been included in the contribution margin analysis.
Marketing Issues -- Place
Distribution for a niche product is a tricky proposition. Consumers are often far apart, meaning that it is difficult to use a storefront retail location to reach these consumers. The Australian market -- in particular with respect to high…… [Read More]
This allows for greater levels of planning and cooperation, and fills in the information gap that currently exists between the factory floor and the rest of the supply chain.
Lexmark provides an example of waste. Recently, the company found itself with more than $1 million in scrap from one lot. Engineers had insufficient information to isolate and fix the problem, so were instead relegated to crisis control. With more accurate data from each step of the operation, the engineers could have been more involved in the process and made improvements along the way before it became a large-scale crisis.
Through web-based business applications, engineers can now examine a defective printer cartridge and then use a thin client to put a hold on the entire batch if necessary, regardless of its physical location (anywhere in the world)
In conclusion, it is apparent that e-business is making its mark on the business…… [Read More]
Having this traditional silo-structured environment makes it very difficult to properly develop a curriculum surrounding service management. Because of this there is a significant gap that exists between the education received by business school graduates and the skills that they need to succeed in today's service heavy environment.
Non-traditional Business Skills and Tactics
Nontraditional business skills are often referred to as soft skills or people skills. These consist of the ability to communicate and understand people on an emotional level. These are often the skills that can determine the success or failure of a career (Thilmany, 2009). The skills are all related to human interaction. This includes most forms of communication, negotiation and leadership. Soft skills can be distinguished by different types such as informative, negotiating, listening, and communicative. Informative soft skills are those that send a message that has to be conveyed accurately. Negotiating or convincing soft skills is…… [Read More]
One set of concepts from each area was utilized to explain how the situation at Grand Bois may have come about. The end goal of the authors was to "provide business practitioners, ethics teachers, and readers interested in corporate conduct with insights useful in understanding why managers may act the way they do."
It could be argued, according to Hamilton and Berken (2005), that Exxon managers had made a sound business judgment, based on facts that were not known, at the time. The industry still contends that the majority of exploration and production waste contains no harmful compounds, and that for this reason the disposal techniques that are used at the Grand Bois facility were not only cost effective, but also environmentally safe.
Just because the exemption of this waste for hazardous materials was brought about by political lobbying does not mean that it is not scientifically or justified.
Oftentimes,…… [Read More]
It is as such necessary to assess it in light of the negative consequences it might generate, the resources available to the company so that it reduces the threat of the problem and finally, the criteria which need to be satisfied in order to state that the problem has been resolved (Principia Cybernetica Web).
a) Problem components: different views manifested primarily in cultural barriers (such as language barriers); lack of experience in the field of delivery services; the role of women in the workplace is still decreased and it has only improved recently as a result of the epidemics and the necessity for more labor force; gender discrimination could raise problems and it must be limited, if not at all eliminated. Bribery is also a growing problem in the region and the efforts of the delivery subsidiary could be easily compromised -- these problem components also represent the reasons as…… [Read More]
I think it is very important to create and maintain profitable customer relationships for any business, no matter how large or small. Some companies seem to think they have a monopoly on goods or service, and so they do not have to offer good customer service. I think in the end, no matter what the product is, companies who do not truly respect their customers will not last. People want to be treated decently, with respect, and as if their patronage matters, no matter who they are or what their needs are. Creating profitable customer relationships recognizes these needs, and is a win-win situation for any organization. Big organizations such as McDonald's or Home Depot (just as an example), often seem to have grown so big they forget this, and so people become "things" when they deal with them. I think that is wrong, and I will attempt to avoid…… [Read More]
In the case of Enron, upper-level executives went too far. By blatantly lying on numerous occasions about the value of their stock, participants like CEO Kenneth Lay overstepped the boundaries of utilitarian lying.
Many studies have been conducted on the relationship between ethics and profitability in the business world. Studies indicate a "positive but not definitive" relationship between ethical behavior and financial success (ebley and More). Especially in the wake of the Enron disaster, investors and employees are looking toward companies with stronger ethical codes. Research has also indicated that companies that overtly refer to their codes of ethics in their annual reports and other public communications fare better than those that don't, in terms of economic added value (EVA), market added value (MVA), and reduced volatility (ebley and More).
Such research does not indicate a causal relationship between ethical behavior and profitability. hat such research indicates is not necessarily…… [Read More]
Both are equally important. For the first, we will have company specialists describing the software development tools we used, as well as the mechanisms that are included in the development of a new module or product within the suite.
On the other hand, presenting and implementing the organizational culture of the company is equally important. Besides promoting this in day-to-day operational activities, we will also have, from time to time, people from the company upper management visiting Bucharest and presenting the mechanisms and values that the company uses.
The labor market for software developers in Romania is one where the competition is quite challenging, especially since it comes both from internal and external forces. Internally, we are dealing with small to medium software developing companies, generally operating for larger companies abroad or working with a bigger international client. These are generally companies that have 30-50 employees and who…… [Read More]
Ethical issues and dilemmas have always been hitting the operational performance and sustainability of business organizations. They directly affect the way an organization formulates and implements its policies, operates as an active participant in the industry, and competes with other organizations for the sake of accomplishing its strategic objectives. Ethical issues may relate to the organization's social responsibility or corporate responsibility; both are vital for the organization to ensure a sustainable future in its industry. This paper discusses an ethical issue which was faced by one of the world's most admired organizations -- Apple Inc. The main purpose of the paper is to highlight the ethical issue in which Apple was involved; the consequences of the ethical issue and the individuals involved in the process. The paper starts with a brief introduction to Apple; its main product offerings, industry, scale of operations, and major strategic decisions which it…… [Read More]
S. International Industries could face a situation like this. The existing legislation does not require safety equipment in one country that is standard in most countries. The company then needs to decide on a choice between using the safety equipment anyway or squeezing that last $500,000 in profit out of the well.
Ethical dilemmas occur frequently in business. They arise out of the conflict between two reasonable but mutually exclusive objectives. In each of these situations, the laws act as the source of ethical guidance, but that is not always the case. The ethical standards of one region do not always apply in other regions. This can be seen in international business with bribery, nepotism and the cultivating of political influence. For International Investments, such issues are going to occur constantly, given the businesses in which the company operates. It will be necessary for the company to develop an ethical…… [Read More]
In addition, we might ask ourselves if the richer nations have or not a greater responsibility as far as the research and development in the area of sustainable energy are concerned. (Reid, environmentalleader.com)
elieving that there are such energy sources or consumption policies which would allow the planet's resources to be maintained for a longer period, while making sure that all the nations are provided with a comfortable living is rather naive. Under these circumstances, it has been argued that doing the moral thing means choosing the least terrible solution. The problem is that this implies a relativistic evaluation of the matter which impacts the manner in which the moral principles are conceived.
efore stepping into a debate regarding the character of the moral principles, we may state that we agree with the opinions which state that there is no such thing as objective moral principles."Ethics can be seen as…… [Read More]
This is because as night club owner, you will have to deal with host of issues to include: underage drinking, noise, possible violence and drugs. All of these different situations will inevitably bring law enforcement to your establishment. (Smith, 2007, pp. 7 -- 25) This is problematic, because as a club owner you are not responsible for the actions of a few individuals. However, you do have responsibility to uphold the law and cooperate with law enforcement in achieving this objective. This means that you must be able to have some kind of people skills, in being able to work with the customers and law enforcement about these issues. In my case, seeing these situations up close and how they were successfully resolved provides me with a basic foundation for having common sense. Where, I can be able to adjust to the different challenges that could be faced when owning…… [Read More]
In that regard, even the protections available in more sophisticated societies cannot prevent major governmental corruption, exploitation, or unethical business practices in the private sector.
Therefore, the prospect of expanding our company presence to Kava does not obligate us to become more directly involved in Kava government or politics, but it does impose an obligation on our part to encourage the most beneficial organizational values and practices at every level. Business management principles must be shared in a manner that best cultivates a fundamental respect for human rights, equal rights, ethical principles of fairness and equity.
Naturally, in addition to attempting to instil socially responsible organizational values in Kava, our ethical responsibility requires us to determine a fair method of apportioning the measurable value that we derive from our Kava operations between the Kava people and our financial interests. It should go without saying that we will restrict our operations,…… [Read More]
Massive amounts of daily emails from various sources would arrive, often reiterating the same information or even forwarding the exact same memo. This is actually an instance of the slowdown of communication and operations due to the advances in communication technology that now exist; the ease of communication has led many organizations to over-communicate to the point of redundancy and extreme inefficiency. The emphasis in research literature on communication technology is also partially to blame for this perspective (Preston et al. 2009). This is still a problem at my current organization, though to a far lesser degree, and there is a company awareness of the problem.
The message types that result from this trend were largely ineffective, impersonal, unguided, and unreasoned. They did not really take into account who the recipients were, nor whether or not it was necessary for them to receive the communication, or if they had in…… [Read More]
Through acquisitions of Ben & Jerry's Homemade Ice Cream and Good Humor-Breyers Ice Cream, the company has grown to dominate the entire frozen desserts market within the U.S. And has a significant share globally as well. All of these competitors however have taken the traditional approach to frozen yogurt, offering only a very limited set of flavors, most often the most popular in their other products to save on costs. There is no product development occurring in any of these companies with regard to developing high energy frozen yogurt for customers to impulse purchase and take with them. Impulse purchasing accounts for 14% of total yearly sales in 2008 and is expected to increase in 2009 as companies seek to create greater levels of buyer activity based on price and availability, looking to overcome the perception of ice cream as a luxury (Gloria, 2008). The competitive landscape of frozen yogurt…… [Read More]
The existence and specialization of these three competitors materializes in the need for Creativity Sure to excel in the offering of the three types of products and services offered by challengers Karina Advertising, Falling Agency and Dorna PLC.
4.2 PEST Analysis
Political forces: The development of a full legislation within the advertising field has yet to become a complete process. ecent efforts have however limited the operations of advertising campaigns in the meaning of having eliminated all features that are not compatible with the product or which promise unrealistic outcomes, such as the tremendous loss of weight. Other issues regulated by the new laws refer to truth-in-advertising, product labeling requirements, online advertising and marketing, the advertising of specific products, telemarketing and direct marketing, and finally, regulations relative to environmental marketing (The Official Business Link to the U.S. Government, 2009). The new Obama administration has yet to take a new stand…… [Read More]
It is projected that at least 10% of the individuals receiving the survey will respond.
There are a variety of reasons for using qualitative methods in a study such as this one. Even though there are drawbacks to the qualitative method including (but not limited to) the fact that respondents are not known and could be lying, the responses are very subjective, and the questions themselves are quantitative in nature, it is still deemed that the expense and time necessary to employ other methods would be to exorbiant in nature.
It is also determined that there are a number of others studies currently available that can provide data that shows the effectiveness of direct mail advertising, therefore, the focus would be on the sports magazine aspect rather than direct mail per se. Qualitative methods are therefore deemed the most appropriate for this study.
De Chematony, L.; Cottam, S.; (2009)…… [Read More]
Reasons for Failure
usiness failures have become a properly investigated field of study in the past few years as a struggling economy and an overall difficult business environment have combined to discourage potential entrepreneurs from entering the market place and to cause many existing business owners / entrepreneurs from continuing their endeavors. This interest in business failures is precipitated by the fact that the number and nature of business failures impacts negatively on the overall business climate and examining possible causes in an effort to forestall further such failures is vital to maintaining a healthy business environment. The emphasis in recent years has shifted from examining why and how businesses fail toward an analysis of how to avoid and prevent business failures.
The failed business that I chose to review was a small ice cream / restaurant in my neighborhood. The name of the business was Charlie's Ice…… [Read More]
Businesses shape the world and change the world. Boeing started a business and without them, air travel would not be what it is today. Bill Gates started a business and without Microsoft, technology would not be where it is today. Merck started a business and without them, health care would not be where it is today. These companies have changed the world for the better.
It also fascinates me to see how companies have grown into multinational billion dollar companies. Microsoft and Boeing did it because they had a revolutionary product. But McDonalds didn't have this product. Honestly, they just have burgers that aren't that nice. But with a brilliant business and marketing plan based on both speed and providing a standard product, they are one of the most successful companies in the world.
Businesses provide us with everything we need. Not just the big companies but also small business.…… [Read More]
Over the Moon Toys: A Business Proposal
The following pages contain a financial overview and qualitative description of a proposed retail venture. A need for an independent toy store located within the confines of the municipality has been identified, with a growing number of consumers seeking alternatives to the "big-box" retailers and lower-quality merchandise. The project description provides greater detail regarding the focus of Over the Moon Toys, the proposed business, including the impetus for the creation of this business, market and sales expectations based on a qualitative analysis of the local consumer base, and a discussion of the physical location within the community that might best serve this community and the proposed business. Following this project description, a work schedule breakdown and related financial details and estimates of the project are provided. A series of relatively simple yet highly interconnected and dependent tasks will lead to the…… [Read More]
hen this happens, actuaries can use the data that was collected to provide a clear picture of what is taking place inside the various segments of the firm. ("Sarbanes-Oxley Act") (Holland)
Obtaining a complete list of all business units is where the off the books activities and any type of outside partnerships are disclosed to managers. This helps them to determine the extent of these arrangements on the company and the impact of the actions of other entities. Once this takes place, is when actuaries will have a better understanding of what is occurring and how this is contributing to the corporation's growth. ("Sarbanes-Oxley Act") (Holland)
Performing a risk assessment is when executives will determine if there are any kinds of actions that pose a threat to the firm. This allows them to see if questionable areas are a possible danger and the lasting impacts it will have on the…… [Read More]
As it is currently presented, I would probably not invest in this particular company. I would, however, invest in this company under a number of circumstances. The first requirement that I would consider would be the management of the firm and how much the two principals are investing of their own capital. The problem that I have is that while the idea being presented is an intriguing one; as a venture capitalist I would likely look at the initial investment as being rather modest -- based upon the projected size of the market -- but to assuage my fears somewhat on a project of this type, I would like additional information on the strengths and weaknesses of the management personnel.
Additionally, I would be most interested in determining who the other managers are going to be and their expertise as well. There are plenty of gaps in the…… [Read More]
Every company regardless of the nature of their work is required to contribute to the community that sustains their growth. Casinos are therefore not an exception to this rule. We understand that they consumer massive energy and other resources to keep their customers satisfied on daily basis but that does not excuse them from contributing to the benefit of the environment and of the community that support them.
An environmentally conscious company is the one that is aware of the impact of its activities on the environment and works hard to reduce the impact. Oil companies for example come under attack regularly for damaging the environment. BP oil spill is one such example. But that doesn't mean that only companies like Oil or Drug organizations are responsible for protecting the environment, other firms are equally responsible for playing their role effectively.
Gambling is a socially acceptable activity in…… [Read More]
Walt Disney is the largest entertainment company in the industry all over the world. Throughout the years the company ahs become a leader in the source of entertainment.an in-depth look at the company's financial processes [provides an insight of how the company became known, respected and loved by many people all over the world. Disney is a familiar household name due to the its lasting impact not only in American society but all over the world .from 1920's Walt-Disney has left an impact to people throughout the world for its entertainment which includes films, theme parks as well as resorts (Disney, 2013). Being a leading entertainment company in the world is an indication that the financial performance of Walt Disney has been secure since its inception. Everyone in the world enjoys entertainment and Walt Disney has natured and organization that provides entertainment to people just as…… [Read More]
Business managers work in varied fields from security companies to tech startups, to managing the careers of celebrities and sports starts. In essence, it is a person who has the ability and desire to drive and motivate the work of others to effectively and efficiently run a major business that will lead to the company generating a large profit and promoting a successful company brand and image. Searching for a proper candidate for interview was difficult. I need someone who was experienced in their field and also managed a company. I searched profiles in Linkedin because I felt I would easily be able to communicate with the person via email or message.
When searching for the appropriate person for this interview, I searched for someone who is a specialist in her area. She herself, is a specialist in electrical & mechanical BAU & MAC services. Furthermore, the company she works…… [Read More]