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usiness Management usiness Operations and Systems
The objective of this study is to outline the essential components for effective business operations management for a UK business whose products are delivered to the door. The parcel delivery conundrum will be examined using an appropriate system and methodology and a discussion will be provided to support appropriate business operations models. Included will be CATWOE, Root Definition and a detailed picture to illustrate the answer. This study will further recommend how the business should respond to this conundrum keeping in mind the possible technological and environmental impact. The changes will be illustrated by include the 'as is' and 'to be'. Finally, this work will discuss the managerial qualities and resources that are necessary for effective implementation of the new process and will use relevant models to discuss how the business performance can be measure post implementation.
Part I -- The Parcel Delivery Conundrum…
Automating Your Workforce (2012) Blackbay. Retrieved from: http://www.blackbay.com/images/Whitepaper_thumbnails/Articles/0290_bby_wp_automating_web.pdf
Bomford, A. (2012) The Parcel Conundrum. BBC News Magazine. 6 Jul 2012. Retrieved from: http://www.bbc.co.uk/news/magazine-18709348
Karve, V. (2012) Root Definition and CATWOE Model -- The Soft Systems Approach. Retrieved from: http://karvediat.blogspot.com/2012/01/root-definition-and-catwoe-model-soft.html
RSS News Feed -- Knowledge Center Events (2012) Blackbay. Retrieved from: http://www.blackbay.com/contact-us/company-blog/183-imrg2012
There are significant risks, therefore, associated with dealing with Dupont. If we only used Tyvek for part of our product, Dupont can be expected to be an excellent partner, because of its substantial production and distribution capabilities and reputation within the home construction industry.
Butyl rubber is another product that can be used in the product. First developed in the 1930s, butyl rubber is a commodity product that is easy to obtain. It is currently used in roof repair for its robust, airtight qualities. There are no problems anticipated in obtaining butyl rubber (from Exxon, for example, or Lanxess, or others). Another potential supplier that has been identified is R Grace. Grace is a chemical and material conglomerate with a major construction division. They produce air and vapor barriers. Thus, as with Dupont they are both a potential supplier and a competitor. They produce structural waterproofing systems (Grace.com, 2011). Grace…
Dupont.com. (2011). DuPont Tyvek in building and construction. Dupont.com. Retrieved October 15, 2011 from http://www2.dupont.com/Tyvek_Const_Global_Landing/en_US/index.html
Grace.com. (2011). Construction products. Grace.com. Retrieved October 15, 2011 from http://www.grace.com/About/Businesses/ConstructionProducts.aspx
Pecora.com (2011). Innovative weatherproofing. Pecora.com. Retrieved October 15, 2011 from http://pecora.com/
S. health regulators have warned drug maker Bayer over quality control issues at its manufacturing plant in Germany. The Food and Drug Administration says that its inspectors discovered testing problems at the company's plant in Berghamen, Germany. FDA inspectors claimed that the company measured the quality of its drug ingredients based on an average of several samples, instead of reporting individual tests results (Perrone, 2009).
Bayer produces the popular birth control pills Yasmin and Yaz. After reviewing all drug batches of these that were shipped to the U.S. between 2007 and 2009, Bayer responded to the FDA in an April saying that the quality of those batches were not affected. The FDA on the other hand disagreed with Bayer's conclusion. The FDA has asked Bayer to supply a full list of all shipments to the U.S. In which they used the averaging method and provide a plan to prevent the…
Perrone, Matthew. (2009). FDA warns Bayer over German manufacturing plant. Retrieved September 18, 2009, from Business Week Web site:
Maximizing benefits and minimizing losses are the intended effects of most successful strategies -- indeed, they are the measures of success.
When the author gets into some specifics, however, the article becomes more interesting. Trying to forecast the details that might affect a specific line of production, for instance, could be at once more tricky and more useful than simply trying to figure out broad market fluctuations in advance. The responsibility to stockholders that the author mentions seems secondary in importance when it comes to forecasting; stockholder responsibility means attempting to maximize benefits and minimize losses (within ethical boundaries, of course). As this is already the stated goal of forecasting, the mention of stockholders is at best redundant and at worst an unessential piece of information used to make the article longer and seem more informative.
One of the forecasts in the "Twenty Forecasts for 2010-2025" section of the…
One of the forecasts in the "Twenty Forecasts for 2010-2025" section of the World Future Society's web page involves the creation of WiMAX -- Worldwide Interoperability for Microwave Access -- network will allow for the internet to be accessed wirelessly across vast distances of space. Telecommuting is likely to become much more common if and when this occurs, and the pace of business is likely to increase even more. With more reliable high-speed Internet access available worldwide, management will need to increase its reaction time.
Though the World Future Society sounds like a whacky cult0like group, the website is surprisingly rational and thought provoking. This is forecasting taken to an extreme, and of course many of the groups predictions probably never come to fruition, but it is interesting nonetheless.
Conversely, where organizations do not provide comprehensive EP system training in advance of EP systems going live, the likelihood of success is much lower (Ashford, 20__).
Objective, Scope, and Methodology
The objective of this project is to identify a comprehensive set of factors linked to the success or failure of EP system integration within organizations. The scope of this project is a review of data from professional business organizations, offices, and administrative departments of other organizations that have already implemented or attempted to implement contemporary versions of EP systems in their professional environment. The methodology anticipated will be a combination of a thorough literature review and primary research through surveys and interviews with organizational leaders and employees. The most obvious limitation anticipated is that individuals leading or employed by organizations that have managed to implement EP systems successfully will be more inclined to participate and to provide data than leaders…
Ashford, W. "Name of article." Name of Journal, Vol.__ (20__).
Bradley, J. And Lee, C.C. "Name of article." Name of Journal, Vol.__ (2007).
Dorobat, I. And Nastase. "Name of article." Name of Journal, Vol.__ (20__).
Conversely, arm rests that are too high compress the wrist tendons because they cause a prolonged upward bend to allow the hands to reach the keyboard. Generally, carpal tunnel syndrome results from either prolonged stretching or compression of the wrist tendons within the fibrous sheath surrounding them. The other keyboard issue is that some computer users have a tendency to turn their hands outward in the horizontal plane. This also triggers chronic carpal tunnel problems.
To avoid keyboard-related wrist problems, keyboard trays must allow a neutral wrist position in both the vertical and horizontal planes. Sometimes, this requires the use of a split keyboard that allows ergonomic wrist positioning for users who have difficulty reaching keyboard keys without excessive outward bending of the wrists.
The computer mouse can also cause ergonomic-related problems when computer users must reach for them or alter the ergonomically correct arm positioning to reach the computer…
Business Operations -- Analysis of Lens Crafters -- Case Study
Operations Management is a key to effective business. A notable business that effectively uses operations management is LensCrafters. LensCrafters employs an effective operations strategy that has honed a highly effective value chain with several state-of-the-art technologies that very favorably impacts customer experience. As a result, LensCrafters is quite successful in maximizing its profits in a highly competitive market.
Operations Management and the Five Competitive Priorities
Operations Management is the control of business processes to generate the greatest possible efficiency in an organization. It is focused on transforming materials and labor into goods and services as effectively as possible to maximize profits. There are five key competitive priorities in operations management: cost; quality; flexibility; delivery performance; and innovativeness (Kim, Sting, & Loch, 2014, p. 467). Cost involves monitoring expenditures and effectively distributing those costs on various products and/or services. Quality focuses…
Collier, D. A., & Evans, J. R. (2012). OM4, 4th edition. Independence, KY: 4 LTR Press.
Kim, Y. H., Sting, F. J., & Loch, C. H. (2014). Top-down, bottom-up, or both? Toward an integrative perspective on operations strategy formation. Journal of Operations Management, 32(7-8), 462-474.
LensCrafters. (2016). About LensCrafters. Retrieved from www.LensCrafters.com: https://www.LensCrafters.com/lc-us/about-LensCrafters
LensCrafters. (2016). AccuFit. Retrieved from www.LensCrafters.com: http://www.LensCrafters.com/lc-us/accufit
1. Operational Efficiency
In essence, operational efficiency has got to do with a business entity’s ability to avail goods or services to the target market in a manner that is cost-effective, while at the same time taking the relevant measures to ensure that the quality of the said goods and services is not compromised.
2. Operational effectiveness
Operational effectiveness, on the other hand, refers to the various approaches a business entity adopts in an attempt to enhance the uniqueness of its activities and set them apart from those performed by competitors. In this case, the goal of a business entity would be to ensure that it is more effective than its competitors in the marketplace, more so in the performance and execution of activities similar to those the said competitors engage in.
3. Operations Strategy
These are terms used to describe maneuvers and approaches a business entity intends…
Knowles, G. (2011). Six Sigma. New York, NY: Ventus Publishing.
Lowson, R.H. (2003). Strategic Operations Management: The New Competitive Advantage. New York, NY: Routledge.
Operations at Lowes
Accompanying Paper to Presentation about Operations at Lowes
Accompanying Paper to Presentation about Operations at Lowes
The audience for this presentation has some interest and knowledge regarding business operations. This presentation may additionally be appropriate for those who have some introductory to moderate professional experience in the field of business operations. The information presented aims to walk the delicate balance of providing enough base information for a person who no or only superficial knowledge of the topic, while not insulting the intelligence of those in the audience who have background and experience in the field. The presentation will be given in an academic context; therefore, it is also directed for an audience of college/university students and relevant faculty. The presentation is intended for those with a fair knowledge base of the information and topic, who may be interested in continuing the discussion of business operations, Lowes…
The fear of losing jobs among the workers forces workers to steer clear claims of ill treatment by the Foxonn. Foxonn industry being a local firm outsourced by Apple to overlook operation in the China, has an upper hand in controlling the labor force. Though apple might have control over the Foxonn it is limited to the extent operations are out of their hands.
In order to embrace the trends of globalization and outsourcing, a country needs to adopt a policy of open and free trade. This act as an attraction to multinational to setup base in the region as well as open up the economy to receive new and advanced technology. Countries like India and china are among the big beneficiaries of globalization owing to the policy adopted to attract foreign investors. Trade liberalization, lifting barriers to new firm entry and making the trade regulations attractive…
Agrawal, et al. "Offshoring and Beyond." McKinsey Quarterly Special Edition 54.5 (2003): 25-35. Print.
Anderson, O. "Internationalization and Market Entry Mode: A Review of Theories and Conceptual Frameworks." Management International Review 37 (1997): 27-42. Print.
Brooks, I., J. Weatherston, and G. Wilkinson. The International Business Environment. New Jersey: Financial Times Prentice Hall, 2004. Print.
Knight G.A., and S. t Cavusgil. "Innovation Organisation Capabilities and the Born-Global Firm, ." Journal of international Business studies 35.2 (2004): 124-41. Print.
Integration of GIS into UPS Business
Integration of GIS into UPS Business Operation
In a contemporary competitive business environment, organizational information systems have become an integral part of the organizational strategic advantages. Many organizations have integrated information system to achieve competitive business advantages. Adoption of many components information systems has been viewed to enhance business efficiencies since business would face challenges in running business successfully without the integration of information systems. Organizational information systems are the application of information technology (IT) to support major functions of business organizations. In the present competitive business environment where organizations are facing challenges in order to expand customer base, many organizations employ IT infrastructures to enhance organizational efficiencies as well as delivering superior services to customers. Modern organizations have been able to use of information systems as source of business intelligence for enhancing organizational decision-making. (Leidner, Elam 646-647). Despite the benefits that organizations…
ESRI. DHL Express Europe GIS Determines Better Route Planning and Minimizes Fleet Driving Distances. 2011.
Leidner, Dorothy .E. Elam, Joyce J. Impact of Management Information Systems on Organizational Design, Intelligence, and Decision Making. Organizational Science. 6(6). 1995.
Opidee Eric, Patel Ankit, Davis Stephen. United Parcel Service. University of Massachusetts. USA.
United Parcel Service. UPS Annual Report 2010 . USA.
Likewise this cycle of purchases can be broken with a tightening of the money supply, having a negative impact on the GDP.
Unemployment is affected as well. As money supply is loosened, businesses are encouraged to expand. Capital is more readily available to finance expansion, and a growing GDP further encourages this expansion by providing more money in the market to purchase the new goods or services that the expansion creates. Some of this investment will generate new jobs, lowering unemployment. Conversely, a tightening of the money supply will discourage the creation of new jobs.
2a) Money is created in three ways. First, open-market operations create money. hen the Fed buys securities from the banks, it does not pay for them. Instead, it creates a credit on the balance sheet. This credit then enters the economy when the bank subsequently lends it. Open market operations are conducted with the objective…
Schwartz, Anna J. Money Supply. The Concise Encyclopedia of Economics. Online at http://www.econlib.org/library/Enc/MoneySupply.html . Accessed April 3, 2008.
Johnson, Manuel. The Federal Reserve System. The Concise Encyclopedia of Economic. Online at http://www.econlib.org/LIBRARY/Enc/FederalReserveSystem.html . Accessed April 3, 2008.
Coghill, Carrie. November 2005. Impact of the Federal Reserve System. Physician's News Digest. Online at http://www.physiciansnews.com/finance/1105.html . Accessed April 3, 2008
Introduction and brief description of the venture
This business plan delineates a propositioned venture to undertake the expansion of Buster’s from a one-store business operation to a two-store business operation.
Description of the business
Buster’s is a small retailing business situated in the lobby of a large office building that involves the selling of mixed bag items. The products offered by the business includes items necessitated by occupants of the large office building, comprising of snacks, greeting cards, pre-wrapped sandwiches, canned beverages, newspapers, paperback books in addition to small gift items. The store occupies 1,000 square feet of space and its operations run from Monday to Saturday specifically targeting all of the individual walking through the lobby of the office building. At the present moment, Buster’s are the sole retail store providing product items necessitated by individuals on an everyday basis during business hours.
The key aspiration…
Dogra, B. (2010). Rural marketing. Tata McGraw-Hill Education.
Fields, R. (2018). Legal Issues to Consider When Starting Your Business. All Law. Retrieved 9 September, 2018 from: http://www.alllaw.com/articles/legal/article15.asp
Kim, W. C., & Mauborgne, R. A. (2014). Blue ocean strategy, expanded edition: How to create uncontested market space and make the competition irrelevant. Harvard business review Press.
Kitanneh, F. (2016). 6 Growth Challenges Your Business Will Face (And How to Overcome Them). Inc. Retrieved 9 September, 2018 from: https://www.inc.com/firas-kittaneh/6-growth-challenges-your-business-will-face-and-how-to-overcome-them.html
Integrating sales and operation describes the process engineered to obtain information about demand in the commercial context and matching it up against supply and financial objectivity. This then informs the cautious decision making about the future production. Integration occurs when different departments such as sales, marketing, supply chain and finance are integrated in pursuit of a singled out goal. Organizations have ways of achieving this with the simplest way being influencing the organizational culture. Numerous benefits also come with this exercise.
Sales and operations planning enhance alignment of several departments to form coherent chain of operation. It harmonizes the functions of the sales, marketing, manufacturing and finance in terms of the goals to be achieved and how to achieve them. In this manner, whenever the marketing department acquires information that a particular product is in high demand, it provides this information to manufacturing which would be ready for it, and…
Andrews J., (2014). Importance of Supply Chain Collaboration. Retrieved 26 August, 2017 from http://www.supplytechnologies.com/blog/the-importance-of-supply-chain-collaboration
Robertson T., (2017). What Are “Verticals In Business? Retrieved 26 August, 2017 from http://smallbusiness.chron.com/verticals-business-26157.html
Bill and Mary have been in the bicycle business for a while. It started off as the business of their parents. Subsequent to that, Bill and Mary inherited and took over the shop. The number of bikes done per week has mushroomed from roughly half a dozen to several dozen. The price point of the bikes is rather high, ranging from more than a thousand to roughly five thousand. Even with the ever-increasing amount of business for the shop, there are some accounting and other issues that should be addressed. This should be done as a way to harness command and control as well as maximize profit and standardize the operations of the firm. While the business would seem to be doing very well, the amount of control being rendered and the business status insight are both rather low given the way the firm is currently operating.
Adaptive. (2015). Data Silos: Why CFOs Think It\\'s the Biggest Financial Mistake. Adaptive Blog. Retrieved 10 November 2017, from https://blog.adaptiveinsights.com/perspective/data-silos-why-cfos-think-this-is-the-biggest-financial-mistake/
Strategies of McCain Foods
There are several marketing and distribution strategies employed by McCain Foods in order to keep themselves up with the market. Marketing strategies are the core strategies that define how the product and service reaches to the customers. McCain foods comes under the highly competitive Food and Beverages Industry for which an effective marketing mix is employed making the company successful and one of the leading company in its domain (Essays, 2018). The 4ps of the market; price, promotion, place and product, are the most effective tools to ensure the brand loyalty and customer retention. Marketing mix ensures overall effectiveness of the company’s strategies as they are the building blocks of marketing strategy
First and foremost, McCain Food’s unique competency is ‘Calories in/ Calories out’ (how-mccain-responds-to-changes-in-the-external-environment, 2019) concept which awares the consumers of the products’ healthy attributes. This makes the product highly suitable for its target audience…
In every business venture, certain risks, which could undeniably lead to problems developing day-to-day operations, arise. Good managers often need to identify these problems and deal with them through either efficient preparation or well-defined strategies to conserve resources and workforce. Ultimately, there are two stages involved in dealing with a particular problem; definition and solution stages. They outline the necessary steps required in understanding the critical issues affecting a business and mitigating them without causing further harm efficiently. The design of these two stages helps to distinguish the leadership skills of leaders since they contribute to their efficiency and accountability, key elements in running a business venture.
Problem Definition Stage
Problem definition is the first stage in assessing an issue. The in-depth collection of observations and findings geared towards gaining insight an issue should be improved. By addressing the nature and symptoms of a problem, managers can evaluate how…
Creating a Blue Ocean for a Socialause
The strategy applied by the company related to the execution of visionary and shaping strategies in new and unchartered waters of addressing a social issue in Hong Kong using technology. In the article, data provided shows that the pilot project of WebOrganic sought to ensure that the students from underprivileged backgrounds could access to the Internet and computers. Therefore, on the attainment of its social mission, the company was more determined to see that their clients were satisfied. Forming lasting partnerships with known technologies companies enabled WebOrganic spearhead their mission forward. Through the arrangement, students could get the best and latest products from companies such as Lenovo that were available in the market at very affordable and or reasonable prices (Hunh-Hsua 2012). The vision is evident when it created the Tree School Program that included mediating, consulting and distributing the products and services…
Abu-Saifan, S., 2012. Social entrepreneurship: definition and boundaries. Technology Innovation Management Review, vol. 2, no.2, pp. 22-27.
Geelan, CA 2013 Social Enterprise: Crossing the abyss, Bloomington: Booktango.
Hunh-Hsua, J 2012 ‘WebOrganic: Creating a blue ocean for a social cause’, Asia Case Research Centre, pp. 1-19
Janah, L 2017, ‘In the fight against poverty, work is our most powerful weapon,\\' Harvard Business Review.
Reeves, M, Haanaes, K & Sinha, J 2015, ‘Navigating the dozens of different strategy options,\\' Harvard Business Review.
There is a lot of thought and planning that goes into any apartment building complex or building. The depth and breadth of the project will obviously depend on the facets and traits of the desired finished project. This would include the planned amenities, constraints, resources, budget, and plans for the complex. The goal of this project is to have a complex that meets the needs of the tenants and residents in a thoughtful, logical and mindful way. At the same time, the money should be well-spent, the project should come together in a timely fashion and everything should be within the plans and on budget. While there are a lot of ways to do an apartment complex, there are some ways that are better than others, and those better ways shall be a focal point of this project.
The first and most important thing to have in place,…
Arline, K. (2015). Direct Costs vs. Indirect Costs: Understanding Each. Business News Daily. Retrieved 16 December 2017, from https://www.businessnewsdaily.com/5498-direct-costs-indirect-costs.html
Brookfield, B. (2005). Management Accounting - Decision Management. Financial Management. Retrieved 1, January, 2018, from http://www.cimaglobal.com/Documents/ImportedDocuments/fm_april_05_p44-47.pdf
Cost Management. (2017). Cost accounting: 4 essential elements. Costmanagement.eu.Retrieved 16 December 2017, from http://www.costmanagement.eu/blog-article/cost-accounting-4-essential-elements
Krawczyk, G. (2015). Developing a Meaningful Labor Cost Estimate. Retrieved 16 December 2017, from https://er.educause.edu/articles/2015/4/developing-a-meaningful-labor-cost-estimate
Markgraf, B. (2017). Project Management Cost Estimating Techniques. Smallbusiness.chron.com. Retrieved 16 December 2017, from http://smallbusiness.chron.com/project-management-cost-estimating-techniques-40508.html
Malyusz, L. (2016). Learning Curve Effect on Project Scheduling. In Procedia Engineering. Retrieved 1, January, 2018, from https://ac.els-cdn.com/S1877705817331211/1-s2.0- S1877705817331211-main.pdf
Mohamad, J.Y. (2017). Learning Curves: Theory, Models, and Applications. CRC Pr I Llc.
Serbu, M. (2017). 5 Important Elements of Project Cost Management Tools | Business.org. Business.org. Retrieved 16 December 2017, from https://www.business.org/finance/cost-management/important-elements-of-project-cost-management-tools/
Integrating Total Quality Environmental Management Systems - a Critical Study of TQEM
Relevance of TQM to Environmental Management
Scope of Dissertation
Moving from Reactive to Proactive Management
Understanding TQM in Relation to TQEM
History of TQM
Operation of TQM
Quality and Environmental Management Standards
Environmental Management Systems
Weaknesses of EMS Standards
Total Quality Environmental Management
Comparing ISO 9000 and ISO 14000
Integrating the ISO 14000 Environmental Management System
Impact of certification on economic and ecological performances
Research Design and Nature
Integrating a Sustainable EMS with TQM
Steps to Implementing an Effective TQEM Strategy
INTEGRATING QUALITY AND ENVIRONMENTAL ManagementS SYSTEMS - A CRITICAL STUDY
ackground and Overview of Study
For decades economic growth has been considered the main indicator of a healthy society (Oliver, 1996). However, only recently has society begun to recognize the environmental cost of this growth. As a result, there is now an…
Bibliography working paper. Winnipeg, MB: International Institute for Sustainable Development, 1996. 58
Bisang, O. (2000), Green Banking - The Value of ISO 14001 Certification
Chattopadhyay, S.P. (2001), "Improving the Speed of ISO 14000 Implementation: A Framework for Increasing Productivity," Managerial Auditing Journal, 16/1, pp. 36-39.
Chinn, R. (March 21, 2001). Roadmap to Realization -- "Getting Started with Your QMS/EMS Integration Process. Alamo Learning Systems.
Clark, D. (1999), What Drives Companies to Seek ISO 14000 Certification, Pollution Engineering, Summer, pp. 14.
Macroeconomic Impact on Business Operations
Monetary and fiscal tools are used by the government to control economic conditions in the country. Monetary policy usually targets money supply in the market in order to control inflation. In some countries such as ussia and Brazil, governments may often force the mints to print extra currency to meet various expenses. This results in higher flow of money in the market which is unsubstantiated by gold reserves of that country. That leads to inflation and causes several problems due to macroeconomic instability.
However when inflation is kept in check, prices stay within consumer's reach, money market remains stable and other areas such as employment, interest rates etc. However while monetary policy is more dependent on market forces and consumer behavior, fiscal policies include governmental spending, taxation and interest rates. We must understand that fiscal measures are normally utilized in capitalist countries when economic conditions…
1) Brock, James (2000) "Industry Update: Airlines," Review of Industrial Organization, 16: 41-51.
2) Transportation Research Board (1999), "Entry and Competition in the U.S. Airline Industry: Issues and Opportunities," National Research Council, Special Report 255. Washington D.C., National Academy Press.
3) U.S. Department of Transportation (2000) "International Aviation Developments: Transatlantic Deregulation (Second Report)," Office of the Secretary.
4) U.S. Vs. AMR Corporation, Case number 99-1180-JTM, U.S. District Court for the District of Kansas.
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.…
Association of Divorce Financial Planners, (2012). Divorce Financial Planning. Retrieved on July 7th, 2012, from
Blythe, J. & Megicks, P. (2010). Marketing Planning: Strategy, Environment and Context, 3rd Edition. U.K: Prentice Hall
Cadle, J., Paul, D., & Yeates, D. (2010). Business Analysis, 2nd Edition. Swindon: British Informatics Society
Francis, P. (2010). Creating the Marketing Executive of the Future Using Key Deming Principles, Journal of Executive Education, 9 (1): 127-138
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…
The American economy is undergoing fundamental change. Due primarily to globalization, industries continue to innovate and change. In particular, the rise of the information age has altered the manner in which business is conducted. Technology has now become an integral aspect of all business operations. In many industries however, technology has had very little impact on the fundamental operations of the business. It is these businesses that are unlikely to undergo fundamental change that are particularly appealing to me. For one, these businesses are relatively stable over the long-term. Earnings, profits, and revenues may increase or decrease over subsequent periods. The underlying business however will remain intact. As such, the business that I will own will be a fitness center.
A fitness center is relatively stable in its value proposition to society. More than one billion adults worldwide are overweight. In the United States alone obesity is responsible…
1) Lee, IMin ( July 2012). "Effect of physical inactivity on major non-communicable diseases worldwide: an analysis of burden of disease and life expectancy." The Lancet.
2) Morris J.N., Margaret D. Crawford Coronary Heart Disease and Physical Activity of Work British Medical Journal 1958; 2 pages1475 -- 1486
3) Reamy, Walker BV (April 2009). "Diets for cardiovascular disease prevention: what is the evidence?." Am Fam Physician 79-569 -- 578.
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…
Alexander, Michael. (2001). Factory Floors Go Online -- Pioneering manufacturers close the final gap in their supply chains. InternetWeek; Manhasset; Mar 12, 2001.
2002) Automotive Design & Production. Cincinnati, 114(8), 70-72.
Steele, a.L. (2001). Cost drivers and other management issues in the JIT supply chain environment. Production and Inventory Management Journal. Alexandria, 42(2), 61-68
Drickhammer, D. (2001, May 21). Peak performance. Industry Week. Cleveland, 250(8) 36-40.
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,…
Colorado Small Business Association. (2012). The beginning balance sheet. Documents. Web. https://www.coloradosbdc.org/DocumentMaster.aspx?doc=4
Damrauer, Virginia Hire. (2010). One Good Cookie. National University. Web. http://www.academia.edu/346438/One_Good_Cookie_A_Business_Plan
Hub Pages. (2012). How to start your own cookie business from home. Small Business and Entrepreneurs. Web. http://kathrynvercillo.hubpages.com/hub/Start_Your_Own_Cookie_Business
Office of Financial Management. (2012). Generally Accepted Accounting Principles (GAAP). Accounting Principles. Web. http://www.ofm.wa.gov/policy/80.20.htm
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…
Who We Are. (2002) GE Capitol. Accessed 6 August 2003. Website: http://gecapital.ie/GECapital/WhoWeAre.cfm
Our Expertise. (2002) GE Capitol. Accessed 6 August 2003. Website: http://gecapital.ie/GECapital/OurExpertise.cfm
Hill, C. & Jones, G. (2001) Strategic management: an integrated approach, 5th ed. Houghton Mifflin Company: Boston.
Porter, Michael. (1980) Competitive Strategy: Techniques for Analyzing Industries and Competitors New York: Simon and Schuster.
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…
Khanna, P., Mohan, C.R., 2006, Getting India right, Policy Review, No. 135, Questia http://www.questia.com
2011, Business laws and regulations in India, Amritt, http://www.amritt.com/business-laws-regulations-in-india.html last accessed on March 25, 2011
2011, the world factbook -- India, Central Intelligence Agency,
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…
Canwell, D., 1998, Marketing Campaigns, Cengage Learning EMEA
Wherther, W.B., Chandler, D., 2005, Strategic Corporate Social Responsibility: Stakeholders in a Global Environment, SAGE
2009, Our Company -- Mission, Strategy, Values, FedEx Website, http://about.FedEx.designcdt.com/our_company/company_information/mission_statement last accessed on August 10, 2009
2009, Our Customers, FedEx Multimedia Center, http://mediacenter.FedEx.designcdt.com/video/our_customers last accessed on August 10, 2009
Businesses are the cornerstone of a capitalistic society. Businesses often drive economic growth and overall societal prosperity. In many instances, business can enhance the overall quality of life of those living in civilization. Looking back briefly at history, provides a unique perspective of business as it relates to societal development. Currently, looking at a minimum wage individual living in America today, they are able to perform tasks and activities that many of the wealthiest individuals in society during 1900 could only dream of. The minimum wage individual can watch television, listen to music on a cell phone, use the internet and even control the weather within their vehicle. This has occurred primarily due to the profit incentive embedded in a capitalistic society. The same will occur with Alex, Bill, Carl, Devon, and Xavier as there farm business developments. These same principles are present for all Christians who want their business…
1. Barnet, Richard; Ronald E. Muller (1974). Global Reach: The Power of the Multinational Corporation. New York, NY: Simon & Schuster.
2. Blumberg, Phillip I., The Multinational Challenge to Corporation Law: The Search for a New Corporate Personality, (1993)
3. Cadman, John William. The Corporation in New Jersey: Business and Politics,, (1949)
4. Conard, Alfred F Corporations in Perspective. 1976.
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…
Administration on Aging, Department of Health and Human Services (2005). Fact Sheets: Eldercare Locator.
Administration on Aging. (2004). Report to Congress. Long-term Care Ombudsmen Report, Fiscal Year 2004. Washington, DC: U.S. Department of Health and Human Services, Administration on Aging.
Agency for Healthcare Research and Quality. (1996). Medical Expenditure Panel Survey: Nursing Home Component. Retrieved from: http://www.ahrq.gov/data/mepsweb.htm#Nursing .
Alabama State Board of Health, Alabama Department of Public Health, Division of Licensure and Certification Administrative Code. Chapter 420-5-4 Assisted Living Facilities. Retrieved from: http://www.alabamaadministrativecode.state.al.us/docs/hlth/420-5-4.pdf
In the modern business environment, communications policies also pertains to electronic transfer and storage of business information and correspondence. Likewise, communication policies dictate the rules differentiating permissible and impermissible uses of communications equipment for personal use as well as the privacy rights (if any) permitted employees on company time and equipment. Finally, communications policies also outline the expected protocols for business communications between co-workers, particularly with respect to the expected supervisory functions (ussell-Whalling 2008).
In my current company, the organizational culture permits "reasonable" personal use of company equipment and time, provided it does not amount to more than a nominal expense or compromise any aspect of efficient business operations. The privacy rights of employees to personal information disclosed or stored on company equipment is nonexistent and explicit acceptance of that policy is ensured through the computer log-in system that requires daily confirmation in the log-on process.
Business ethics reflects a…
Daft, R. (2005) Management 7th Edition. Mason: Thomson South Western.
Russell-Whalling, E. (2008) 50 Management Ideas You Really Need to Know. London: Quercus
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…
According to the company, the concept of kyosei. extends to all of its business enterprises, including research and development, product manufacturing, marketing, sales, and product distribution.
Specifically, Canon strives to conserve energy, resources, and the minimization of potentially dangerous chemicals and industrial by-products. In principle, Canon hopes to preserve the environment and the earth's physical resources through implementing industrial conservation efforts and practices, recycling programs and policies, educational programs, and social initiatives consistent with the overall goal of "... building a better world for future generations" (Canon U.S.A., Inc., 2008).
The entire Canon corporate philosophy is expressed in eight fundamental tenants of corporate social responsibility: To continuously improve environmental assurance and performance throughout corporate operations at every level;
To comply fully with all applicable environmental laws and regulations and additional mandates of its corporate stakeholders;
To aggressively pursue pollution-prevention and minimization strategies and apply those equally to energy and other…
Business Wire (2006). Canon XL H1 HD Camcorder Wins Six Awards at NAB2006; Canon's First-Ever HD Camcorder and Console Software Awarded for Innovation and Technology. May 15, 2006. Retrieved November 5, 2008, at http://findarticles.com/p/articles/mi_m0EIN/is_2006_May_15/ai_n16361076
Canon Global, Inc. (2008) Official Canon Global, Inc. Public Website. Retrieved November 5, 2008, at http://www.canon.com/
Canon U.S.A., Inc. (2008). Official Canon U.S.A., Inc. Public Website. Retrieved November 5, 2008, at http://www.usa.canon.com/html/templatedata/AboutCanon/ciwabcn.html
CNN.com (2006). Canon Inc. ranks No. 170 on Fortune's 2006 Global 500. September 28, 2006. Retrieved, November 5, 2008, at http://money.cnn.com/2006/09/21/news/companies/canon.fortune/index.htm
Business Ethics: Corporate Social esponsibility and the Triple Bottom Line
Picture two companies, Company A and Company B. Company A manufactures chemical products and has been on the receiving end of criticism and public outcry for the air and water pollution caused by its chemical manufacturing plant. Due to increased pressure, Company A devises a strategy to start a project that will enable all farmers in the neighboring areas to get clean water in an effort to give back to the community and reduce bad publicity. Company B. is a nonprofit organization which employs visually impaired and handicapped individuals to conduct research on strategies that communities and corporations can apply to conserve the environment. This company uses Braille technology and has come up with a variety of green strategies for both companies and the government. The community benefits from both companies but Company A embraces corporate social responsibility by providing…
Henriques, A. & Richardson, J. (2004). The Triple Bottom Line: Does It All Add Up? Sterling, VA: Earthscan.
Matteson, M. & Metivier, C. (2015). Corporate Social Responsibility and the Triple Bottom Line. Business Ethics. Module 3. Retrieved 17 February 2015 from http://philosophia.uncg.edu/phi361-metivier/module-3-social-responsibility-professionalism-and-loyalty/corporate-social-responsibility-and-the-triple-bottom-line/
Savitz, A. (2006). The Triple Bottom Line: How Today's Best-Run Companies Are Achieving Economic, Social and Environmental Success and How You Can Too. San Francisco, CA: Wiley & Sons, Inc.
Scott, R. (2012). The Bottom Line of Corporate Good. Forbes Magazine. Retrieved 18 February 2015 from http://www.forbes.com/sites/causeintegration/2012/09/14/the-bottom-line-of-corporate-good/
This report recommends Online, Inc.'s relocation from San Francisco to Dallas. There are substantial savings in the major components of operating costs including office space, labor, and overhead. Exhibit 1 contains a breakdown of the estimated annual operating costs for Dallas which totals just $3,253,373. abor and overhead will be approximately $433, 836 lower in Dallas with other savings potential coming from very inexpensive office space and lower tax rates. Also, the quality of life is very attractive to Online as a corporation and to its employees.
Data has been gathered from a variety of sources to calculate the cost of office space, replacement labor, and overhead. The findings show potential savings across all categories. First, the total cost of meeting Online's square footage requirements for sales office, manufacturing, and warehousing is only $148,000. Dallas is currently experiencing a tenant's market and offers many affordable options for renting space.…
Labor Cost Differential, San Francisco and Dallas
Average labor rates provided by Private Industry and State and Local Government, National Compensation Survey. Labor rates for San Francisco are average rates, not Online's actual costs.
Dallas Economic Development Division, Available: http://www.dallas-edd.org/QofL.htm (Accessed 2 -- 3, March 5).
The government has rather low environmental expectations. In fact, the consultant found that they are about as lenient as the Mexican restrictions, though the Philippines presents no public relations nightmare as protestors are not rallying against health concerns, as they were in Mexico.
Although the conditions in the Philippines may seem even more ready for outsourcing then the conditions in Mexico, the ethical costs of operating the company in the country are once again too high. Like the situation in Mexico, workers in the Philippines may work for lower wages than workers in the United States, but owners are not being provided with the same level of skill that they would be if continuing to operate the factory in the United States. Because the factory workers would consist mainly of underfed adults and impoverished children, the company would be lucky if workers managed to produce sufficient amounts of products throughout…
Esselaar, Jeanne. (2002). The Debate over Outsourcing in South Africa: Evidence from a case study. Proceedings from Development Policy Research Unit Conference '02. Muldersdrift, Johannesburg.
Casale, Frank J. (2006). The Outsourcing Institute: Mexico Trends & Opportunities.
Retrieved June 1, 2008, from, http://www.outsourcing.com/mexico_trends/mexico.html
Roberts, Russell (2000). The Choice. New Jersey: Prentice Hall.
Moreover, FID technology has proven useful in other respects, such as ensuring the proper temperature of frozen and refrigerated goods in transit and even by facilitating the coordination of emergency supplies during disaster responses on the part of the federal government (Gordon, 2006).
In fact, the ability of FID to monitor other variables besides geographical location suggests additional valuable applications such as the incorporation into manufacturing processes. For example, (as in the case of transporting refrigerated goods), temperature can be monitored and adjusted automatically, improving the quality and safety of everything from crucial medical supplies to pop tarts.
Furthermore, potential cost savings provided by FID technology transcend the realm of production and supply chain management. Shippers can monitor compliance on the part of their truckers with speed limits and route restrictions, thereby saving additionally on the cost of insuring their employees and equipment, by virtue of the increased ability that…
Byrne, P.M. (20041). Supply chain RFID: Lessons from a leader; Logistics Management, Vol.43, No. 5, May/04 (31-2).
Byrne, P.M. (20042). RFID: Not just for Wal-Mart anymore; Logistics Management, Vol.43, No. 9, Sep/04 (31-2).
Chatur, a.A. (2006). Driving costs out of the supply chain: Inbound logistics; Infosys.
Gordon, B. (2006). Outsourcing: What's the next big trend? A wave of supply chain governance; Canadian Transportation Logistics, Nov/Dec Vol. 109, No. 11 (75).
Business Financing and the Capital Structure
Generally, businesses need to make several financial decisions that have significant direct effects on their operations and success in the increasingly competitive marketplace. However, there are numerous varying options that are available to businesses regardless of the types and sizes. The concept of business financing has emerged as an important aspect in the modern business environment because of the various financial decisions to be made by different firms. The main aim of this concept is to generate enough capital for the business to meet its existing needs in order to promote the growth of the business. In addition to generating capital for the growth of the business, business financing helps firms to meet the recurring financial obligations.
Use of Financial Planning in Estimating a Corporation's Asset Investment equirements:
Financial planning can be considered as a process that is used to approximate the financial requirements…
Coplan, J.H. (2009, December 4). Raising Capital: Equity vs. Debt. Bloomberg Businessweek
Magazine. Retrieved June 2, 2013, from http://www.businessweek.com/magazine/content/09_72/s0912030511552.htm
Melicher, R.W. & Norton, E.A. (2011). Introduction to finance: markets, investments, and financial management (14th ed.). Hoboken, NJ: John Wiley & Sons, Inc.
Sharp, R. & Hua, W. (2004, January 4). International Investing: The Risks and Rewards.
Asking for $2.5 million in loan to purchase and develop land and construct a 6,000-foot travel center.
Competitive issues -- Center will be located between Hwy 45 and 635; there is high visibility, good access, limited competition, good traffic potential.
Market segmentation -- Will offer gas, convenience store items, restrooms, showers, game rooms, trucker lounge, scales, parking -- meant to be a regular stop for truckers on busy U.S. route.
Staff -- Initially run by management team; with supplemental hourly wage staff for check out, cooking, dining, hotel maintenance, etc. Owners to take $50K each for salary, total payroll just under $500,000 per annum.
Silvera and Sons Coffee Export -- Prepares green Arabia coffee beans grown in Brazil for export to the U.S. (specialty roasters) and then sell to Brazilian wholesalers. Asking for investment to expand from 72,000 bags per year to 120-160 bags per year. Coffee differentiates because it…
Acme Consulting Business Plan. Retrieved from: http://www.paloalto.com/sampleplans/bpp7/enu/live/acmeconsulting_live.pdf
Interstate Travel Center Business Plan. Retrieved from:
Silvera and Sons Coffee Export Business Plan. Retrieved from:
There are a variety of techniques utilized for quality improvement, each with its own characteristic role in the completion of the procedure as a whole (Methods for Quality Improvement, 2010).
Product improvement is one of the major methods used. The proposal behind this is that the more goods that are improved, the better they will sell. As time progresses, so do significant features of customer approval. Consumers anticipate the essential alterations to be made and will keep making purchases from a particular corporation if their offers change right along with everything else. Enhancements are therefore made to goods that facilitate them to be prepared with the latest features and basics that will help them persist to sell (Methods for Quality Improvement, 2010).
Process improvement is an additional significant aspect of quality improvement. This technique covers the procedures utilized to carry out everyday business operations. This can be everything from the…
Just in time production (JIT). (n.d.). Retrieved December 4, 2010, from Tutor2U Web site: http://tutor2u.net/business/production/just-in-time.html
Methods for Quality Improvement. (2010). Retrieved December 4, 2010, from Aveta Business Institute Web site: http://www.sixsigmaonline.org/six-sigma-training-certification-information/methods-for-quality-improvement-2.html
Six Sigma. (2010). Retrieved December 4, 2010, from TopBits Web site: http://www.tech-faq.com/six-sigma.html
Statistical Six Sigma Definition. (2010). Retrieved December 4, 2010, from Web site: http://www.isixsigma.com/index.php?option=com_k2&view=item&layout=item&id=1254&Itemid=110
Second, we demonstrate social responsibility by purchasing our raw ingredients from select suppliers favoring fair trade and organic materials. We only work with suppliers and retailers who understand the importance of environmentally conscious and socially conscious business operations.
Third, we are committed to environmental ethics and contribute a minimum of one percent of our profits per year to select environmental organizations. We also manufacture our greeting cards in a facility that uses gray water, alternative power sources, and other cutting-edge green technologies. We waste almost nothing.
With a cohesive and consistent set of values, our mission and vision for the company are clear. We will guide the organization into the future by remaining firmly committed to our core ethical beliefs. The way we run the company is a determining factor in the fulfillment of our mission. By hiring a creative, dynamic, and diverse workforce, we remain continually open…
Greeting Card Association (n.d.). About the Industry. Retrieved online: http://www.greetingcard.org/AbouttheIndustry/tabid/58/Default.aspx
Grinning Planet (n.d.). Paper greeting cards. Retrieved online: https://secure-research-payment.com/beta/writer/writer_order_detail/index/A2028768
"Swallow Your Words: Edible Greeting Cards." CNN. Retrieved online: http://eatocracy.cnn.com/2010/07/01/swallow-your-words-edible-greeting-cards/
Any business that pursues making a profit at the expense of the society in which it operates will find its success to be nothing more than temporary (Chapter 1: Corporate Social esponsibility and Business Sustainability, n.d.).
The idea of Corporate Social esponsibility (CS) is generally understood to imply that corporations have an amount of responsibility not only for the economic consequences of their activities, but also for the social and environmental implications. This is often called the triple bottom line approach. This approach takes into consideration the economic, social and environmental aspects of corporate activities. The meaning and value of CS often differs in various situations, depending on local issues including culture, environmental conditions, and the legal framework (Corporate Social esponsibility & Human ights, 2008).
Human rights are significant to the economic, social and environmental aspects of all corporate activity. Labor rights that require companies to pay fair wages influence…
A multi-dimensional view of corporate responsibility. (2010). Retrieved August 1, 2010, from CSR Quest Web site: http://www.csrquest.net/
Chapter 1: Corporate Social Responsibility and Business Sustainability. (n.d.). Retrieved August
1, 2010, from Web site: http://www.unescap.org/tid/publication/indpub2565_chap1.pdf
Corporate Social Responsibility. (2010). Retrieved August 1, 2010, from As you Sow Web site:
Business innovation and enterprise -- Innovation in China
The buzzword of today is represented by the internationalized economic crisis which has commenced from within the American real estate sector and soon expanded to impact all sectors across the entire globe. Before the emergence of the crisis however, the buzzword was that of globalization, understood as the process by which boundaries between states are gradually eliminated and the values, beliefs, cultures and resources of one region can easily transcend to another region.
Globalization has impacted all aspects of life, from the means in which one spends their leisure time to the means in which one completes their professional tasks. Globalization has generated effects on all fields of life, from politics, to economics and culture.
Within the business community, globalization has translated into a myriad of impacts. For once, the phenomenon allowed economic agents to transcend boundaries and benefit from the comparative…
Ashton, A., 2010, 7 technologies where China has the U.S. beat, GreenBiz, http://www.greenbiz.com/blog/2010/12/07/7-technologies-where-china-has-us-beat last accessed on November 8, 2011
Chang-Rong, K., Fu-Yu, L., 2011, Cultural innovation industry exports talent to China, Want China Times, http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1504&MainCatID=15&id=20110207000010 last accessed on November 8, 2011
Li, W., 2011, Applying Grey relational analysis to evaluate the factors affecting innovation capability: evidence from Chinese high-tech industries, Canadian Social Science, Vol. 7, No. 3
Lin, C.Y., 2007, Factors affecting innovation in logistics technologies for logistics service providers in China, Journal of Technology Management in China, Vol. 2, No. 1
Because cross-trained employees are more knowledgeable about the overall business processes of the organization, their conceptual understanding of the mission of their organization is enhanced by every incremental increase of their involvement and knowledge of its operations (obbins & Judge, 2009). Beyond that element of increased involvement, the fact that cross-trained workforces tend to improve the morale and organizational connectedness of individual employees also contributes directly to organizational benefits through the positive impact on individual performance. Finally, cross-trained workforces also collaborate better and exhibit increased interpersonal rapport with coworkers. According to generally accepted principles of organizational behavior, this element also improves individual work performance beyond what is capable of achieving without such interpersonal rapport among coworkers (ussell-Whalling, 2008).
Conclusions and ecommendations
The review of the available literature on the beneficial effects of cross-trained workforces on their organizations strongly suggests that, as a general rule, cross-training should be implemented in business…
Caggiano, C. "Sign of the cross-training times." INC. (Dec/1998): 122-123.
Daft, R. (2005) Management. Mason: Thomson South Western.
George, J.M. And Jones, G.R. (2008). Understanding and Managing Organizational
Behavior. Upper Saddle River, NJ: Prentice Hall.
A burned wall collapses onto a crane which falls and injures Flo, a bystander.
Issue -- on what legal grounds could Flo recover damages from Dan.
Legal Issues -- Clearly, Dan was the actus reus, or specific instrument of an action in which other events flowed. It is not just Flo that can recover damages, but the gas station, the construction company and/or tenant, and the owner of the crane. While Dan did not plan the actions, he was liable for deliberate conduct regarding the events; he was reckless in that he knew (we assume he has passed a valid driver's test) that one should not leave a vehicle running and without an emergency brake.
Discussion -- Negligence is a breach of conduct or a failure to take reasonable care, intention or not. ecklessness means that the person was deliberate and aware of their actions, not necessarily the consequences. eckless…
Clarkson, K., et.al. (2006). West's Business Law: Text and Cases. Mason, OH: Thompson
Robin should first establish different departments to fulfill the varied needs of the organization in a systematic and efficient manner. In that regard, Robin should immediately appoint department heads in the following areas: shelter facilities, food storage and distribution, recruitment and hiring, training, and field operations.
The head of shelter facilities must solve the problem of ensuring that employees in the field have safe accommodations in remote areas of operation. Ideally, this will be accomplished by recruiting carpenters and other tradesmen who can develop processes for quickly assembling, disassembling, and transporting shelters while traveling remote forests. Similarly, the heads of food supply and human resource departments must immediately develop methods of supplying field operations and of hiring and training employees who will contribute to the future success of the organization.
3. Develop a new strategy for Robin Hood. Pay close attention to implementation as well as formulation.
Robin's immediate strategy…
Business Finance for PizzaPalace: Analyze and recommend optimal capital structure
Assume you have just been hired as a business manager of PizzaPalace, a regional pizza restaurant chain. The company's EBIT was $50 million last year and is not expected to grow. The firm is currently financed with all equity, and it has 10 million shares outstanding.
When you took your corporate finance course, your instructor stated that most firms' owners would be financially better off if the firms used some debt. When you suggested this to your new boss, he encouraged you to pursue the idea.
As a first step, assume that you obtained from the firm's investment banker the following estimated costs of debt for the firm at different capital structures:
P e r c e n t FI n a n c e d w I t h D. e b t, w d r d
AccountingforManagement.com. (2011). Operating leverage and DOL. Retrieved May
12, 2011 from http://www.accountingformanagement.com/operating_leverage.htm
Ehrhardt, M.C. & Brigham, E.F. (2010). Financial management theory and practice.
Thomas One. 13th Edition. Pp 351-800.
Limitations on ADA equirements:
The ADA does not require employers to provide accommodations that pose an undue hardship on the employer or the business entity. The ADA defines "undue hardship" as accommodations that exceed the employer's financial resources or that would constitute significant hardship or difficulty for the employer (Halbert & Ingulli, 2008). In that regard, the ADA analysis of what accommodations are unduly difficult or expensive depends on specific factors such as the relative size and budget of the employing entity as well as the nature of the business, products, or services provided by that business.
The employer is not required to provide accommodations that would decrease the quality or the volume of the goods or services it provides, nor is the employer required to furnish specific personal items such as blood monitoring equipment, glasses, or hearing devices. Generally, the employer is only required to provide reasonable accommodations after…
Dershowitz, a.M. (2002). Shouting Fire: Civil Liberties in a Turbulent Age. New York: Little Brown.
Friedman, L.M. (2005). A History of American Law. New York: Touchstone. Halbert, T., Ingulli, E. (2008). Law & Ethics in the Business Environment.
Cincinnati: West Legal Studies. Hall, K. (Ed.) (1992). The Oxford Companion to the Supreme Court of the United States.
New York: Oxford University Press
List each of the transfer of training situations created by Dr. Camp, and identify how each of those situations relates to the information in the textbook related to transfer of training.
The statistical analysis serves two purposes: it enables program administrators to gauge the effectiveness of its training methods and identifies candidates who can contribute further to its success. Statistics provide one of the most objective measures of understanding. This facilitates the transfer of training by identifying employees whose actual performance indicates that they may require additional training to achieve satisfactory performance levels. The one-day refresher training facilitates transfer of training by providing a mechanism to gauge real-world experience with its implementation, in addition to providing a source of specific adjustments suggested by difficulties and any concerns identified in the first attempts to implement training in the organization. According to available research, subsequent reinforcement substantially increases the transfer of both…
Likewise, public policies ranging from immigration to the war on drugs and the de-institutionalization of persons with mental illness also have a substantial impact on local corrections (Stinchcomb and McCampbell, 2008).
The key to running a successful correctional institution is building an organization that is capable of good strategy execution. These types of facilities have a social responsibility not only to the prisoners that they house but also to the community in which they are located. They way in which they can do this is to make sure that the employees within the facility are prepared to deal with they things that are going to go on within the facility walls. The overall goal of a correctional facility is to rehabilitate inmates into socially responsible citizens that can be returned to society in order to be productive members.
The occurrence of doing jail time can be life changing for those…
Corporate Social Responsibility. (2010). Retrieved July 28, 2010, from As you Sow Web site;
Wang, Zhixin. (n.d.). Prison Enterprise Financial Management Innovation in the Context
of China's Prison System Reform. Retrieved July 28, 2010, from Web site:
The USMC has established an immediate, direct, and clear relationship between recruiting and socialization." (Baker & Jennings, 2000, p. 369) by "socialization," the United States Marine Corps (USMC) means the precise functioning of each individual Marine in relation to the entire corps. Every marine, like every soldier in the regular army, and every sailor in the Navy, is destined for a specific purpose. hile military personnel may possess wide training in many different areas, there is nonetheless, a definite "military culture." Each and every member of America's Armed Forces - and those of all other nations as well - must fully understand how it is that they contribute to the organization tyo which they belong. The above-mentioned advertising campaigns focused mostly on very personal reasons for considering a military career. Unfortunately, personnel reasons do not always add up to the realities of military service, neither in terms of what the…
Military Recruitment and Management
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…
Bangs, DH, & Henricks, M. (2005). Business Plans Made Easy, 3rd Edition. Irvine, California: Entrepreneur Press.
Cadle, J., Paul, D., & Yeates, D. (2010). Business Analysis, 2nd Edition. Swindon: British Informatics Society
Canzer, B. (2006). E-business: strategic thinking and practice, 2nd Edition. Boston: Houghton Mifflin.
Daft, R.L. (2011). Understanding Management, 7th Edition. Mason, OH: South-Western.
The age range will be between 25 and 64, and there are a lot of doctors and other professionals such as professors and lawyers in my area making this a good choice. Approximately, then between 3% and 5% of these individuals will take their dog to daycare if it is available. By adding boarding and grooming services, I can increase the number of clients available to me by 300%-600% as well as increasing my income by 200%-#400%.
There are no other dog day-care centres in the vicinity or even within neighboring localities to compete with the business
There seems to be a potential supply of clients
Training dogs: Dogyoga (innovation); cutting-hair facilities; gymnastics
Alternate products: day-care and nourishment.
Value-added products: Vet. pecial trainer. pecialist with dogs.
#40 per hour (simple day-care)
#100 per lesson -- dogyoga
#100 per lesson -- etiquette training
#100 per lesson --…
American Veterinary Medical Association, viewed January 22, 2011,
Dog.com. Viewed January 22, 2011,
business proposition business competition chain. Word count: 400 words B) Based idea produced question 1 part A, explain main difficulties/barriers? Word count: 400 words Question 2 A) eflect possibility finance business.
In the current context of the unstable economy, more and more people and firms have come to lose their activity and their savings. In such a context, they seek to become engaged in new opportunities, to create new business ventures and to ensure their functioning and living. In other words, despite the still ongoing effects of the economic crisis, fact remains that some business ideas could turn into successful ventures. One example in this sense is that of providing child care services.
The small firm would operate in its own facility, but would provide a series of services outside its facilities, as well. For instance, the company could pick the children up in the morning and drive them to…
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The Apple iWatch is centered in the smartwatch market. The market structure in which the product lies is oligopoly. Oligopoly refers to a market structure that is dominated by a few sellers. This is because the smartwatches are products which are produced by a few large companies, and every contribution of every company is considered substantial enough to be significant in the market. In addition, the companies in the market are cautiously aware of how rival companies react to change and particularly in association to price. This particular market structure is distinctive in the sense that the company's pricing as well as output decisions will also integrate the perceived or anticipated reactions of the competitors. For instance, in this case, the pricing and output decisions of iWatch will consider the anticipated reactions of other company products such as the Sony Smartwatch (Salvatore, 2015).
Elasticity of the product…
Apple Website. (2015). Watch. Retrieved 12 June 2015 from: http://store.apple.com/us/watch
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Mudida, R. (2003). Modern Economics. Nairobi: Focus Books Publishers.
While these principles are likely equally true within both operational management and business marketing management, the nature of the tasks encompassed by the latter provide greater opportunity to incorporate the element of improving employees' job satisfaction through family life-friendly management policies. Since many modern marketing business functions are conducted through computer processes and communications, marketing managers may have the greatest flexibility to allow untraditional work shifts and teleworking opportunities. In fact, establishing privileges of this nature as a reward for quality work further reinforces the Theory-Y approach suggested by contemporary industrial psychologists (George & Jones, 2008; obbins & Judge, 2009).
In general, some of the major changes in modern management philosophy have equal applicability to operational management and to business marketing management. However, the fundamental differences between those two business functions also dictate certain differences in the specific uses of management techniques to maximize productivity and employee satisfaction.
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What differences, if any, do you perceive in the approach each organization presents in its annual performance? Is information and data presented clearly so that the reader can make clear inferences about how the organization performed?
I believe the two organizations, Bank of America, and JP Morgan format their annual reports to reflect the culture of the business. Bank of America, due primarily to the negative sentiments prevailing in the marketplace, structures their annual report to dispel myths regarding company performance. The tone of the report isn't overly optimistic nor is it overly pessimistic. The report reports the facts as they stand at that point in time. Conversely, JP Morgan's report is much more candid, truthful and optimistic, reflecting the company's outstanding performance. The report is filled with success stories, future growth prospects and failures along the way. JP Morgan, presents the facts clearly and in a concise…
1) Rappaport, Liz; Fitzpatrick, Dan (October 19, 2011). "BofA Swings to Profit in Muddled Quarter." The Wall Street Journal. http://online.wsj.com/article/SB10001424052970204479504576638653920110530.html?mod=WSJ_hp_MIDDLETopStories .
2) Son, Hugh (October 18, 2011). "BofA Loses No. 1 Ranking by Assets to JPMorgan as Chief Moynihan Retreats" Bloomberg. http://www.bloomberg.com/news/2011-10-18/bank-of-america-loses-no-1-ranking-by-assets-to-jpmorgan-chase.html .
3) Ellis, David. "JPMorgan buys WaMu," CNNMoney.com, September 25, 2008.
Businesses in the modern business environment are increasingly faced with the need to develop effective strategies in order to improve their competitive advantage and increase revenue. As a result, businesses are increasingly forming strategic partnerships or alliances with other entities for several reasons. Strategic alliances between various businesses are mainly geared towards exchanging or publishing information, conducting joint trade shows or meetings, providing education and training programs, sale of products and services, and monitoring policy issues. Generally, strategic alliances take various forms depending on the nature of business, business objectives, and products, services or resources. Moreover, the nature of these alliances is largely influenced by conditions in the local market such as competition in the market.
As previously mentioned, business entities form strategic alliances with other for-profit entities for several reasons including distribution of products and/or services to a specific target of customers, joint development of products and…
Ahmad, S. (2014, July). Technology in Organizations. International Journal of Research in Business Management, 2(7), 73-80.
"Benefits of Strategic Alliances and Partnerships." (n.d.). ASAE: The Center for Association Leadership. Retrieved August 18, 2015, from http://www.asaecenter.org/AboutUs/content.cfm?ItemNumber=137633
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The control is exercised by at regular board of directors' and annual stockholders' meetings. Records have to be kept to document decisions that are made by the board of directors. In small, closely held corporations operations are more informal, but record-keeping is not eliminated entirely. Officers of a corporation can be liable to stockholders for improper actions. Liability is generally limited to stock ownership, except where fraud is involved (ibid).
The most important attribute of a corporation is that shareholders in the company are not liable for corporate debts. This is the probably the most important attribute of a corporation. In contrast, in a sole proprietorship or a partnership, the owners are personally responsible for all of the business debts. If the assets found in the sole proprietorship or partnership are not adequate to satisfy the debt, creditors can go after each owner's personal assets, such as their bank account,…
Gerstein, J. "What Are the Advantages and Disadvantages of Sole Proprietorship, Partnership and Corporation." 247advisor.com. 24/7 Advisor, n.d. Web. 20 Oct 2011.
"Incorporation." Legalzoom.com. Legalzoom, 2011. Web. 20 Oct 2011.