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Coaching for Commitment: Managerial Strategies for Obtaining Superior Performance, Dennis C. Kinlaw, Pfeiffer & Co.
Coaching for Commitment is an organized seminar style work written to teach management professionals the art of coaching employees. Specifically it outlines ways in which managers can employ the technique of coaching to build employee commitment.. Kinlaw also explains that through fifteen years of experience, teaching and managing that he has developed a system that will help organizations to thrive in today's rapidly moving and highly competitive business environment.
Kinlaw contends that the role of a manager is to a large degree associated with the concept of indirect motivation rather than direct product involvement. Yet, he makes clear that the greatest challenge of management lies in the fact that although they are expected to get results through indirect ways that they cannot simply directly control the employees who's competence they are responsible for.…… [Read More]
Accounting professionals are not often thought of as leadership material, at least until they build a strong background in finance or another discipline. They possess valuable skills, but those skills are viewed more as a staff function, nice to have but not essential to developing competitive advantage and building shareholder value.
The accounting skill sets include the ability to monitor and manage costs; in-depth knowledge of the regulatory environment; and the ability to deconstruct the firm's operations down in order to better identify areas of weakness.
Cost control is critical because profit depends on margins, and keeping fixed costs low. ithout adequate cost control, sales gains are eroded, and can even be damaging. The accounting function is vital to maintaining profitability.
The accountants are able to deconstruct the firm's operations in order to not only control costs, but to increase efficiency. Each firm has areas where their performance is…… [Read More]
business leaders have to carry more than just the responsibility of delivering shareholder value. They must also ensure excellent corporate governance, if they are to leave a valuable legacy of honest and responsible business ethics for future generations. The last is key, since it is 'the organization,' which impacts hundreds of thousands of lives, offering as it does, the prospect of achieving economic security. After all, both office politics as well as many a petty and big crime has its roots in economic motivation! Thus, organizations play virtually a central role in molding business and human values, which is why it is vital for successful business leaders to also lead the way to increasing community involvement, especially in securing the welfare of the weaker segments of society.
In practice, however, for business leaders to deliver on the corporate governance and community involvement fronts, it is vital that they possess the…… [Read More]
Bill Gates: A Successful Business Leader
A Successful Business Leader
The business world has changed into an uncertain and competitive environment where business entities compete with each other on the basis of their distinctive competencies and strategies (Basefsky, Maxwell, Post, & Turner, 2004). Globalization, intensity of competition, and technological advancements has completely changed the way businesses operate and compete in their industries (Goldsmith & Hesselbein, 2006). The biggest role is played by the business leaders in the organizations who truly brought significant changes to the entire business landscape. The World has seen just a few business leaders who can be recognized as revolutionary for their organizations due to ground-breaking performances in their fields. In the supreme supervision of these business leaders, organizations flourished in such an astonishing way that they became examples for the next generation (Hannah, Woolfolk, & Lord, 2009).
This paper presents an analysis of the leadership styles…… [Read More]
Business Leadership in Relation to Rhetoric
Leadership and Rhetoric
Leadership is a trait that is neither completely naturally inherited, nor completely learned. But it is actually a blend of inherited characteristics/traits and the skills cultured from individuals throughout their lifetimes. This is exactly what Pericles had. He possessed an inherent set of leadership traits as well as a voice that persuaded and converted an entire empire to great heights of success and prosperity.
Leadership is a trait that is somewhat naturally inherited within individuals while strategically polished afterwards. Leaders rise not merely through the blessings of natural inheritance but require equal attention towards flourish and sequential development. hile searching for a definition, one's mind comes up with a usual set of traits that constitute to leadership, but in cases when one experiences leadership the definition becomes compliant to the characteristics observed in the meantime. Leadership is often confused with management…… [Read More]
business leader would be an individual who, well trained and equipped with the knowledge and skills required to run a team of persons, would take the organization that has employed them from where it stands to a state of profit. A good manager must be able to run the company effectively and efficiently with all the tools at his disposal, including the team of innovative people. He must be able to use his communication skills and his charisma to influence and encourage his team into giving their best performance, which would in turn bring in more ideas and therefore more profits for the company.
Business Leadership and Management Skills
The word 'manage' in English means the basic idea of being able to control events and things as they are meant to be controlled or manipulated, even if the system itself has not been designed and decided upon by the 'manager'…… [Read More]
Business Leadership: A Literature Review
Bill Gates. Steve Jobs. Carly Fiorina. hat do these names have in common? An easy one - they are all CEO's of major global corporations. They are businessmen, and women, at the tops of their professions, leaders of the international business community. But how did they get there? How did they achieve so much? How did they build organizations that are at once creative, competitive, and most important of all...profitable?
Business leadership is both a science and an art. Yes, there are successful executives who just seem to be born with the knack, just as there are painters who seem to have been born with a brush in their hand, and great musicians who were composing before they could walk. But, we can't all be Mozarts, most of us must observe, study, and practice the techniques of success. Business is a skill, and like…… [Read More]
CQ in your chosen vocational area and analyze the extent to which the development of CQ might help the progression of your future career.
Vocational Area: usiness Leader
Interest in cross cultural management research has increased drastically as a result of global business. It has become vital to learn to deal effectively with people from a variety of cultures as diversity is now seen as a business advantage. The concepts of internationalization, multinationality, multiculturalism, as well as globalization are now commonly understood. The collaboration of all people across various business sectors is leading to increased revenue and business for corporations. The international service sector has seen an incredible increase in diversity and therefore a special need to learn to work together properly. The various cultural beliefs and traditions of different groups can easily lead to conflict since they are different for every people and nationality (Arora & Rohmetra, 2010).
The…… [Read More]
Where there is change there will be questions. Workers may question the skill of the manager, and there may be questions about how the change will affect the outlook of the company. A good leader can calm many of those problems by remaining positive throughout the change process. When the leader stands behind the change idea and offers nothing but positive words about it, that confidence helps to bring together workers around the change as well. Change can cause many workers to become worried. A leader that shuts himself up in his office while change is being put into practice is sending the wrong message to the whole organization. Communication before, during and after the change course is vital to making sure that change causes as little commotion as possible (the Five Top Qualities Needed for an Effective Leader to Facilitate Change in an Organization, 2012).
To go along with…… [Read More]
How forces in and outside of business firms are changing the management task, altering business operations, and modifying stakeholder expectations?
Business, particularly those heavily emphasizing technology, are constantly changing. In many instances these changes are occurring due to a combination of internal and external factors. These factors often modify stakeholder expectation because the fundamental business itself has shifted. A very dynamic force that is changing the management task is that of globalization. Globalization is particularly contentious because it has no geographic limits. Competition can now come from anywhere at anytime. As such, management must be cognizant of the changing dynamics prevailing in their respective industries. The auto industry, for example, has directly felt the impact on globalization and stakeholder expectations. The auto industry prior to foreign competition was characterized by large fixed asset costs, hefty legacy and pension obligations, and slow innovation. However, through globalization the Japanese's were able…… [Read More]
Stakeholders may also exercise political power indirectly, for example, during protests by environmentalist on a government move.
Lastly, the stakeholders have legal power. Legal power means they can sue the business firm if they feel they unfairly treated by the business firm. This happens when they sue a corporation for damages due to harm caused by the firm on the stakeholder. An example is a lawsuit by customers for damages caused by consuming, or using unsafe goods or services, brought by employees damage caused by injury at work, or brought by environmentalists for damages on the environment either by water polluting, air pollution, or by harm to habitats and species of animals and plants (Weber & Lawrence, 2011).
In order to start a coalition with the stakeholders, the CEO needs to hold a first meeting with them. The meeting should have some characteristics, which include optimism, have energy, and signal…… [Read More]
Business Entities, Laws, And egulations
This paper will focus on the challenges faced by one start-up businesses and an established company with labor issues. For the start-up, a birth clinic, a case needs to be made for the type of business entity they should each use. The established company is a construction company whose business entity must be identified and employment law pertaining to the scenario will be discussed. For each business, identification of the best business entity for the given situation needs to be accomplished first. The decision of the type of business entity will take into consideration control, taxation, and liability issues. eview of the laws and regulations that each ownership group must consider and identification of risks that the businesses should protect against will be discussed. eview of the construction company's business structure and how it affects control, taxation, and liability issues along with how employment law…… [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]
Governmental CS policies do not only assist consumers or organizations, they assist both the consumer and the organization (The Impact of Government egulations on Corporate Social esponsibility - How Government Policies Shape CS, 2009).
It is often said that international environmental laws do not differ from one another. European environmental regulations are very similar to the U.S. environmental laws. The United States Environmental Protection Agency has set up a database that contains all of the contaminated lands in the U.S. This database includes existing and formerly contaminated lands. The European Union, especially France has also put into place databases to track existing and formerly contaminated lands within France. These efforts are there to protect the public from coming into contact with contaminated lands. International governmental environmental policies do not differ from one another in the fact that they all seek to protect the public and the organizations (The Impact of…… [Read More]
ecent high profile bankruptcies in the U.S. corporate sector such as the ones filed by Enron, WorldCom, and Global Crossing in 2001 have highlighted the importance of financial ethics in business since lack of ethical practices were identified as the main cause of their failures. The business scandals underlined the importance of stricter regulation of the corporate sector and forced the U.S. legislature to pass the Sarbanes-Oxley Act of 2002 that contains a number of important provisions relating to business ethics. This paper about business ethics focuses on the impact of financial ethics in business.
Greed and an over-riding focus on increasing the profits and "share-holder value" usually leads managers and business leaders to disregard financial ethics in business. Although the impact of such "over sight" may be beneficial in the short run, it is invariably disastrous in the long run -- both at the individual as well…… [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]
Drucker's approach to business ethics revolves around the belief that business people are rational actors who, as agents for the shareholders, will evaluate all decisions on a cost-benefit basis. His view of business builds upon and only somewhat contrasts with that of Milton Friedman, who in 1971 famously espoused that the "social responsibility of business is to increase its profits." This paper will analyze these two views, showing how they are similar and how they are different from one another.
Although Friedman's editorial has been distilled into its pithy headline, his view on the subject of business ethics was complex. Friedman viewed business managers -- executives -- under the agency theory whereby they would be accountable only to the shareholders. Under this view, managers would and should only focus on enhancing shareholder wealth as the underlying philosophy of their actions. Friedman allowed, however, that the actions under this…… [Read More]
Business Environment in Taiwan
Taiwan is an island situated approximately 180 kilometers (Eastern Asia) away from southeastern coast of mainland China. Having a geographical area of 35,883 Km2, Taiwan is officially part of the Peoples epublic of China (PC) although there is much tension between Taiwan and China regarding statehood of Taiwan. The U.S. however does not acknowledge Taiwan as a separate state. Taiwan has a population of 23 million (consisting three main ethnic groups i.e. Taiwanese, Mainland Chinese, and indigenous people) and Taipei is the capital city of Taiwan. Of late, relations between Taipei and Beijing have been cordial. Taiwan follows a civil law system and has a multiparty democracy as governance system (Department of Investment Services, 2013). Being a thriving economy based on hi-tech industrial base and trade relations with most of the developed world, the country is deemed an important destination by multinational corporations (MNCs) for the…… [Read More]
For most of us, dealing with money has been altered by technology. Most of us use money out of ATM's or we pay bills with online banking just as easily as we change channels on a television. Obviously printing presses and paper cutters create our physical money, but how is the idea of money really created? Do banks and laws really make the idea of money? This essay evaluates the efforts of the Federal eserve System, often called the Fed, in terms of regulating the money creation of financial institutions?
Congress passed the Federal eserve Act near Christmas in 1913 and that established the Federal eserve Banks and also created a more elastic currency and established new legal controls over the commercial banking industry. The Federal eserve is the central bank of the United States and is made up of 12 regional Federal eserve banks that are overseen…… [Read More]
Business History and book Comparison: Is it the change of work or the end of work that we face today?
Both the texts Change at ork by Peter Cappelli and the various other contributors to Cappelli's 1997 volume of essays, and Jeremy Rifkin in his 1994 text The End of ork attempted to explain how the changes of the technically modern and forward-thinking, dynamic marketplace of the 1990's would evolve both in relation to global capitalism and the individual employee. However, while both volumes attempted to consider how individuals and employers needed to adapt to everything from the new arrangements of families where mothers and fathers both worked, to the changes wrought by the Internet, to how employers needed to understand and adapt to the changing role of the employee given the widespread restructuring of many American firms, and the increased ubiquity of workplace education in the modern marketplace and…… [Read More]
Discouraging office romances will not eliminate such concerns entirely, because people also form strong friendships at work, and such friendships can lead to suspicions of some kind of unfair application of privileges, promotions, salary, or resource allocations.
However, friendships do not lead to some of the problems that workplace romances can. Typically, friendships do not end in ways that cause significantly hurt feelings, anger or jealousy amount mature people, but romances can end quite unpleasantly. Once the romantic relationship is over, one party or the other may accuse the former partner of all sorts of things including various forms of sexual harassment (Wilson et. al. 2003). When the two people hold different positions in the hierarchy, very serious charges of things like pressures for sex in exchange for retaining one's job can surface. The charges may not be true in any way, but the person in tne superior position has…… [Read More]
business scandals in the early 2000s brought the issue of business ethics to the fore -- Enron, WorldCom and Tyco. The three share some similarities but they are different in other ways. Enron was simply a case of criminal activity. The company's management did not publish financial statements and when they did the statements completely misrepresented the company's financial position. This occurred on the direction of the senior management team, with the complicity of the auditor, Arthur Andersen. These managers were heavily invested in Enron and therefore had a strong personal interest in creating phony financial statements in order to pump up the company's stock price. The corruption at Enron ran deep within the company, such that the scandal all but wiped the company out.
The situation at WorldCom was that CEO Bernie Ebbers was a heavy owner of the company's shares. As such, he benefitted from implementing an aggressive…… [Read More]
Employees are being rewarded for their honesty, and managers continue to encourage communication between supervisors and subordinates. Management is also looking for ways to encourage employees to tell the truth about other employees who may be involved in something dishonest or illegal (Jones, 1982). Not all employees will take advantage of this, of course, because some still believe that they will face punishment for being a 'whistle-blower', but there are laws in place now to protect the rights of employees who blow the whistle on other employees or their employers.
Employee rights have become increasing important over the last 20 years, and this is another area in which Enron had difficulties. Those people who advocate employee rights make two different arguments. The first argument is that tougher laws and regulations are needed to ensure that employees get the rights that they deserve. It cannot be left up to the companies…… [Read More]
In turn, this complexity is driven by an increasing understanding of sustainability, going "green," and bringing ethical and moral philosophy into the business community. Besides increasing coffee outlets globally, Starbucks must count on corporate social responsibility as a key maxim of their production and marketing efforts. The company's "Global esponsibility strategy and commitments…. And the communities [they] do business with, as well as [their] focus of being an employer of choice, are also key compliments to [their] business strategies" (Schultz). PepsiCo echoes this in understanding that the market is now all people on earth, every country, every demographic. Pepsi confirms this commitment to CS noting, "At PepsiCo, our actions -- the actions of all our associates -- are governed by our Worldwide Code of Conduct. This Code is clearly aligned with our stated values -- a commitment to sustained growth, through empowered people, operating with responsibility" (Nooyi).
Indeed, "every business…… [Read More]
Argenti raises many sound points regarding the proper protocol during crisis management. The bulk of chapter ten demonstrates a sound understanding of how crises unfold, and how every crisis is different. While this is true, there are still strong areas of overlap among crises. "Few circumstances test a company's reputation or competency as severely as a crisis. Whether the impact is immediate or sustained over months and years, a crisis affects stakeholders within and outside of a company" (Weiner, 2006). In such a case, clients cancel orders and cancel subscriptions. Employees start asking questions or worse, quitting. Competitors start circling like sharks and government agencies and other regulators often start knocking, with attorneys at their heel (Weiner, 2006). Given all the aggravated circumstances connected to a crisis and the variety of ways that any potential crisis could be handled, Argenti makes a continually strong and pervasive argument about…… [Read More]
Business News Analysis
Thomas (2017) reports that President Trump is urging the pharmaceutical industry to lower its prices on drugs sold in the market. As an incentive to lowering prices, Trump has pledged to "ease rules" -- i.e., deregulate the industry substantially. As much of the time and money that goes into producing a drug for market consists of testing and reporting to the FDA, this pledge by the White House is one that could enable drug manufacturers to feel inclined to lowering prices, as their overhead would also dwindle should regulation become less stringent.
However, a deregulated pharmaceutical industry could spell danger for consumers, especially if the easing of rules leads to fewer products that are proven to be safe and effective hitting the market. Nonetheless, Trump's populist message is here seen being coupled with his pro-business platform: thus, one the one hand he is appealing to "public outrage…… [Read More]
The market size for AAA Software based on PC usage can be estimated by the total number of new PC sales and the level of antivirus usage on them. The total PC usage during the corresponding year is shown in the figure.
C3: Competitive Analysis- Describe your company's current competition.
Number of Users
More than 150mn users
Home Users - Antivirus (Free, Pro and Internet Security), Products available for Mobile and Mac, Business Users -- Small or Home Office, Enterprise and Server needs
Home Users - AVG Antivirus Free, Antivirus, Internet Security, PC Tuneup, Secure Search, Business Users -- Antivirus, Internet Security, Email Server, File Server, Linux Server, escue CD, emote Administration, Mobile Users -- Antivirus Free/Pro
Home Users, Business Users -- Microsoft System Center Endpoint Protection (only…… [Read More]
Social media forces those who use traditional marketing and advertising to re-evaluate their business models and techniques.
Despite such rave reviews regarding the use of social networking as a marketing platform, many companies have not readjusted their strategies to incorporate such elements into their execution of marketing techniques. his means missed opportunities and cost savings. Even worse, many SMEs are continuing to spend too much money on the execution of traditional advertising, which is essentially limiting their ability to compete with larger businesses. his creates a situation where marketentry barriers are high, as are the potential failure rates for many new start-ups and small businesses around the country.
Viral marketing affects customers' brand consciousness, information purchase behavior, purchase actions, postpurchase conversations, and assessments (Mangold & Faulds, 2009; Palka, Pousttchi, & Wiedemann, 2009). he use of social media is not devoid of issues, not least of which is that it allows…… [Read More]
.....entrepreneur one must endure multiple hardships. These hardships define people as leaders or failures. Women in the last few decades have amidst gender inequality, started businesses. This had led to a major growth in the number of women entrepreneurs in a predominantly male-dominated area. However, while women entrepreneurship has written, the persistent inequalities and continued views of women have led to the assumption that entrepreneurship may still be gendered. Meaning, society views only men as the main bread winners and capable of being effective leaders that entrepreneurs are defined as. This paper supports this assumption and will provide evidence of gendered entrepreneurship as well as literature that goes against such notion, demonstrating the potential for the gender gap to narrow in the future.
To first understand the potential of gendered entrepreneurship, one must first define it. Gendered entrepreneurship is a hypothesis considering entrepreneurship to have gendered patterns. The UK was…… [Read More]
Socializing is an important part of business meetings, and Brazilians feel that people should know each other before "talking business" (Cross-cultural Maria). This is also true of telephone calls. Even on the phone, social chit chat comes before business (Hofstede, 2003). Because of that, wait for the other person to change the subject from "getting to know you" to "getting down to business." (Hofstede, 2003) In the big cities (San Paulo, Rio de Janiero), people generally expect meetings to start on time (Hofstede, 2003).
Brazilians shake hands, often in an extended way, at the beginning and the end of an encounter. If there are several people, shake hands with everyone and make eye contact (Hofstede, 2003).
MEALS AN ENTERTAINING
For business purposes, restaurants are typically used instead of a person's home (Hofstede, 2003). The noon meal is the biggest meal, and dinner is likely to be lighter. However, if you…… [Read More]
Reinvigorating a big company is one of the hardest jobs an executive can ever take on. Often times, a boss thinks they possess all solutions to all problems. They therefore stop listening to their colleagues and this has resulted organizational decline (BBC, 2016). It can be a tough exercise leading organizational change. Not all business leaders are cut for such an exercise. It can be debated that the organizations that win in the long run are those that have mastered both planning and leading change. There are several things that can spur change including growth being predominantly in a market which is unfamiliar, pricing factors to remain competitive, change in regulations, changing customer expectations, shortfall in talent and constraints in the organization's capacity. The factors which spur change are numerous and the examples given are not a complete representation of the wide scope of demands that force organizations to change…… [Read More]
An ethical dilemma is defined as a situation where "an agent has moral reasons for doing two different actions, but where doing both of those two actions in not possible" (McConnell, 2014). Businesses often find themselves in what they believe to be moral dilemmas, if only because of the way that they are framing the issue. In the first scenario, there is no ethical dilemma for James. He perceives that he could jeopardize his security, yet ethics hotlines are intended to be anonymous. Further, accounting fraud is a criminal activity, and the company stands to lose substantially if that fraud was discovered. James' fears are therefore irrational -- as in the Enron case once the fraud is discovered, James will lose his job anyway. His only choice to preserve his future is to utilize the hotline, or to otherwise report the irregularities.
In the second scenario, the company…… [Read More]
Multidimensional scaling and factor analysis are a couple of different statistical techniques that can be used to understand the drivers of a business. MDS is a technique that renders multiple data points in a relational manner -- data points that end up closer to one another are expressed visually as such, while those that are fairly far from each other in the key variable are expressed as being far. Factor analysis seeks to learn look at a set of different variables and identify the latent variable. This is the underlying variable that is driving the other variables, something that has a lot of value for a business.
Multidimensional scaling is "a set of data analysis techniques that display the structure of distance-like data as a geometrical picture" (Young, 1985). There are a number of different techniques as part of multidimensional scaling, and this paper will outline…… [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]
Business & Society
In one paragraph, supported by evidence in your text and from other research, describe two forces that you believe shape the relationship between business and society. Provide two examples (one for each force you choose). Look for flaws and strengths in specific examples and applications.
There are several factors that determine how the business relates to the society. One of these factors is the ever-changing expectations of the society and the ethics Lawrence, Weber, & Post, 2005, pp. 27.
This is what has caused many organizations to adopt corporate social responsibility. Corporate social responsibility, more commonly known as CS or corporate citizenship, is where the business attempts to understand the community and environment in which it is operating and how its activities are affecting the community and environment and thus it devices strategies to eliminate any negative effects and encourage activities which increase the positive effects. In…… [Read More]
UltiPro is an industry leader in HCM, delivering more out-of-the-box functionality than any other provider. UltiPro's continuous H and talent management functionality includes recruitment, onboarding, payroll, worker and manager self-service, benefits administration, compensation management, performance management and reviews, succession management, talent retention tools, time and attendance, workforce scheduling, rich reporting and analytical decision-making tools, and more. UltiPro's Web portal can serve as a company's communications center and the fundamental gateway for business activities because it conveys functionality for everyone in the company, from H and financial departments as well as executives, staff managers, and individual staff. With the UltiPro portal, H/payroll staff, managers, and administrators can complete daily worker administration tasks, administer benefits, manage staff, and access reporting in real-time, all from one central location. Managers and executives can access frequently requested reports and analyze workforce statistics and trends on-demand. Employees can access pay and benefits information, get questions answered,…… [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]
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]
Branson cites his early management decisions at Virgin ecords as prime examples of this people-oriented approach:
At Virgin records we attracted some of the best artists because they liked the way we ran it. We never lost a major artist in 20 years which is quite rare in the record industry. We dressed as we felt comfortable. We worked in pleasant buildings rather than office blocks and people working there had fun, enjoyed the job, enjoyed challenging, taking on the major record companies. (Glancey & McQuaid, 2000, p. 94)
If Virgin ecords was going to about catering to the musical tastes of a new generation, then the company that supplied those wants was going to have to be a company that operated in accord with the views and aspirations of that new generation. Traditional business attire and the smug accoutrements of the typical corporate headquarters would be dispensed with in…… [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]
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]
A useful recommendation in this sense is represented by the contracting of a local law firm to ease the company's penetration into the region and to help us understand and overcome the initial barriers. But aside from understanding and complying with the regulations, it is also essential to understand and comply with the cultural features.
India is one of the oldest and most impressive global cultures. And its culture has also impacted the means in which business is conducted. One specific means is represented by the language barriers which are raised. And not only that the representatives of the two countries would speak different languages, it is highly possible that the representatives of India speak different languages among themselves. This is because the states of India have different official languages, and some states even have more than one official language (Kwintessential).
In terms of actual relationships between the Indians, these…… [Read More]
Inventory Management Strategy. In his book, Streetwise Project Management, Dobson (2003) advocates the use of a just-in-time inventory management strategy to keep inventories low and manufacturing process more productive. This approach, though, will require close coordination with a Brazilian supplier, warehousing operations, planners and forecasters, and transportation directors throughout the inventory management process. In this regard, Epps (1995) advises, that such an approach requires the efficient transportation of materials from outside vendors directly to the work-in-process area, where the required value added processes of the manufacturing operations take place, which is followed by the shipping of the finished products to the customer within a reasonable timeframe. This inventory management strategy can save manufacturers the costs of inspection, stocking, material handling, inventory tracking, carrying the inventory, and the dangers that are typically related to damage to parts and their tendency to become obsolete over time (Epps).
The just-in-time inventory management strategy…… [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]
Business Plan Assisted Living Facilities
Residential and Day Treatment Facility
Residay Home and Residential Care provides assisted living solutions for senior adults. Residay Home and Residential Care is dedicated to making the provision of the highest quality care to senior citizens requiring or desiring an assisted living facility. Residay Home and Residential Care is located in the Tennessee Valley Area of North Alabama and is an alternative to the generally larger and less personal senior assisted living facilities specializing in the ability to make provision of a very high level of care in a smaller and more personal environment. Residay Home and Residential Care makes provisions of assistance to seniors in their activities of daily living including assisting with medication, meals, reminders, personal grooming, physical therapy and other such assistance. Further provided by Residay Home and Residential Care are opportunities for companionship, entertainment, and activities, which seniors enjoy…… [Read More]
Business and Leisure Events
Distinguishing the difference between a business event and a leisure event can be confusing. There are many differences and similarities between both. Depending on the purpose and intent of a particular event, the line between a business event and a leisure event at times, can be blurry. This paper will identify types of business events, identify the various types of leisure events and discuss the similarities and differences between the two.
A business event can be categorized as an event, occurrence or activity directly related to establishing, maintaining or promoting business. Or one used to train, educate, motivate or reward staff. Common types of business events are:
Employee/Customer Appreciation Events
From Board Meetings to weekly company meetings, meetings are business events that companies use to communicate internally to their employees, amongst managers and senior level executives.
Conferences/Seminars…… [Read More]
Some customers are interested in the advertorials they find in their favorite magazine, some are attracted by the fact that celebrities promote the product in case, and other customers are attracted by sponsoring and organizing certain events they are interested in.
There are several aspects that must be taken into consideration when analyzing the success of the media message in the case of Gillette ProFusion razor. For example, it is not only important that the message reaches the targeted customer segment, but also if the message produced the expected results. In order to analyze the success of the message and of the product, it is recommended to take into consideration product reviews.
Gillette's website provides a section for each product where customers can post their review for these products. Customers' opinions are varied regarding the performance of Gillette ProFusion razor. In this case, the customers and their opinions can be…… [Read More]
In this case the affair did not have any apparent effect on the business. In fact during the time of the nearly two-year affair profits actually rose. However the whistle blower believed that the affair was morally wrong, particularly because the boss was married with children.
The whistleblower believed that ultimately the affair would be detrimental to the business so he blew the whistle. He believed that the affair was an indication that the boss was a poor decision maker and that this poor decision making would ultimately cause the business some harm. Some people believed that he was not obligated to tell of the affair. However, others argued that it would be just a matter of time before the decisions that he made in his private life would affect the manner in which the business was run. In this instance the idea of preventing harm encompassed a broad scope.…… [Read More]
The treatment of the undocumented workers has legal and economic implications, but is only an issue in the political arena.
Companies that hire illegal immigrants are being socially responsible. The argument that illegals suppress wages is not based on sound evidence - the jobs illegals do would otherwise be unfilled. If anything, hiring illegals is socially responsible because it gives those people an opportunity to better themselves, something they otherwise would not have had. The notion is especially absurd given that 99% of Americans received this same opportunity at some point in their own family's history. Furthermore, mankind has an obligation to look out for our fellow man. This duty transcends any sense of duty to a state or that state's rule of law.
The only small issue with regards to illegal immigrants is that with regard to legal immigrants, those who play by the rules, sometimes to their detriment.…… [Read More]
Business Function and Criticality Matrix Worksheet
Organization: Homeland Security
Critical Equipment Needs
Critical Staffing and Assignments
High Level (Pentagon, CIA, FBI, President)
External Media Liaison
Supplies needed for Critical Operations
External non-critical communications (Web site, etc.)
All other supply requests
1. Unlike a manufacturing or service company, many of the regular business processes can be put off a few days in the event of a critical issue.
2. Critical issues for Homeland Security are those that will likely affect most of the country (Natural or man-made disasters, attacks, etc.).
3. Critical issues focus on allowing the…… [Read More]
Interaction of the Business Environment
The environment of a company is much like the natural world in that there are many layers to any single organization (Marques, 2007). Political forces are present because there are factions and beliefs within a company which cause different politics to be formed. The economics of running an organization are a different facet of the environment which many consider the most important part of the business (after all the business of business is to make money), but it is actually a piece of the larger while which is neither more important or less than any other. Very business also has a social component. All of the different relationships that occur in the wider world can be found in any large organization. Another part of the environmental whole that affects every other part has to do with the technical functioning of the business. Technology…… [Read More]
Business Structure and Ethics in Organizational Behavior
Business ethics can also be known as corporate ethics. It is described as a form of professional or applied ethics that helps in investigating ethical principles as well as moral or ethical problems that comes up within different business environment. Its application takes place within every aspects of business conduct and it is always of relevance to the individuals' conducts and the organization as a whole. The aim of the paper is to examine ramifications and application of business structure and ethics in organizational behavior that will impact businesses in the next ten years.
Sometimes business may try to make short-term gains when it decides to turn a blind eye to ethics. Even though there are laid down regulatory oversight, code of practice, as well as ever-increasing public pressure, most of the firms always decides to ignore ethical considerations. Moreover, they…… [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]
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]
Business Market of Airlines
What is the Business Market of an Airline Industry?
Business market has been defined as a market that is characterized by fewer customers and larger transactions. Customization is the key and the usage of the product or service determines its value. Brand name means little to customers and there is no retailing. Also, selling is a complex process and the target of the sales pitch may not always be the end product's users (NarayanDas 2005).
This kind of market is different from customer markets and, service is the cornerstone of business markets. The products are customized to meet the needs of different customers in different geographical or operational regions. Also, every company operating in a business market strives to attain customer loyalty though the means by which they create and sustain it varies between industries.
With regards to the airline industry, business markets determine many aspects…… [Read More]
n turn, the Return on Equity, which is calculated my multiplying the Du Pont variables listed above, will most definitely be altered. The potential for return is, naturally, one of the most relevant factors for investors in determining if a stock is a worthy investment, and if so, how much of it to buy. A "downward" change in the ROE will most likely have a detrimental effect on stockholders who bought the Krispy Kreme stocks based on their projected profit margins, asset utilization and debt projections.
Another factor involved in the Krispy Kreme restatement is the news that an SEC investigation will be undertaken. As the main concern of a publicly-held corporation ought to be profitability for the shareholders, any potential criminal or Sarbanes-Oxley violations are deleterious to these investors, and would most likely have created hesitation on the part of investors to buy Krispy Kreme if these actions had…… [Read More]
The author is asked to answer to four questions spanning two chapters regarding business systems and how to improve them. The author is asked how to overcome user knowledge of their tasks and habits being monitored, the ten guidelines that should be applied during a JAD session, what unique rules apply to drawing context diagrams and explain what the term DFD consistency means and an example of the same. The author will provide those in the order listed above.
The best way to get the best and most accurate indication of what tasks are normally done and in what way is to make sure the people being observed do not know they are being observed. Whether it be observations made from someone that is not deemed to be monitoring them or whether it be through ways that are not direct such as keystrokes, camera monitoring and other subtle…… [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]
The first and perhaps the most obvious cause for business failure is fraud. Indeed, fraud is quintessential to business failure, mainly because it takes different forms and appearances, from intentional bad management to accounting frauds that lead to legal issues.
The most important example of how fraud brought down a bank that had been financing many important operations for the last three hundred of years is the arings ank. Unfortunately, arings was also a perfect example of how one single employee can actually bankrupt a company.
Indeed, Nick Leeson began his activities with arings after a short period spent with Morgan Stanley and he was soon sent to Singapore to clear the back office mess and futures trading that was on the way there. Initially operating only as general manager, Leeson soon began to trade on the Singapore Exchange (the SIMEX), especially in financial derivates, such as futures…… [Read More]