business setting increase team's motivation, satisfaction, performance. Address specific differences attitudes, emotions, personalities, values collaboration, difference influences behavior.
Overall business interactions are becoming more global. Many large corporations are outsourcing manufacturing and service jobs overseas where labor is cheaper. Currently 54% of fortune 500 companies outsource at least one core business function ( "IT Outsourcing Market, 2010). With the advent of the internet, firms are drastically cutting travel expenses but utilizing online video conferencing services. These services allow for the seamless and effortless communication of individuals anywhere in the world. With this increase in global outsourcing creates a corresponding increase in international teams. Individual group members are often located in entirely different areas of the world but still must work together to achieve company objectives. A challenge that many global corporations now face is that of employee moral and motivation. How can you motivate individuals with entirely different motives, customs…...
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References
1) Author Unknown. Knowledge Systems and Research, IT OUTSOURCING MARKET:STRONG, GROWING…AND WITH HIGH
At the professional level, it is necessary to be prepared and equipped with the proper training on basic business practices and etiquette in Chinese business culture. Chinese society is generally a highly collective group, but respects a degree of power distance between each other. For them, individuals must know his or her place in the organization, and his/her actions must be based from this stature. Thus, they are used to working together as a group, but they maintain a degree of respect to individuals who are either senior or have more superior positions in the organization, or both. Thus, foreign staff members must learn to respect, and more often, adhere to this practice in the society. Since values are greatly respected in Chinese business culture, this is a mandatory practice that must not be forgotten especially when in the presence of Chinese affiliates with crucial roles in the success of…...
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References
Erbacher, D. (2006). "Expatriate success in China: impact of personal and situational factors." The Journal of American Academy of Business, Cambridge, Vol. 9.
Gleb, C. And D. Chen. (2004). "Going West: A progress report." The China Business Review.
Powers, P. (2005). "What a difference a decade makes." The China Business Review.
Varner, I. (2000). "The theoretical foundation for intercultural business communication: a conceptual model." The Journal Business of Communication.
communications in a business setting compromise the work of that business, a solution must be found for the benefit of the company and of all who work there. Problems can arise when employees whose tasks require written communications skills are deficient in those skills. Problems can arise also when employees are expected to both understand and explain matters verbally and nonverbally.
The cure for the first problem could be as simple as sending the employee in question for writing instruction.
The cure for the second is, however, much less straightforward. The problem might arise because of the use, or misuse, of strategic ambiguity either by the employee exhibiting the problem, or by managers and colleagues who deal with her. Or it might be caused by an unrecognized personal problem of the employee, for example, a drinking/drugs problem or a cognitive disability of short or long duration. This paper looks at a…...
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References
Ames, Genevieve M., Joel W. Grube, and Roland S. Moore. 'The relationship of drinking and hangovers to workplace problems: an empirical study." Journal of Studies on Alcohol 58, no. 1 (1997): 37+.
Cooper, Lynn O. "Listening competency in the workplace: a model for training." Business Communication Quarterly 60, no. 4 (1997): 75+.
Crombie, Winifred, and Helen Samujh. "Negative messages as strategic communication: a case study of a New Zealand company's annual executive letter." The Journal of Business Communication 36, no. 3 (1999): 229.
Krider, Diane S., and Peter G. Ross. "The experiences of women in a public relations firm: a phenomenological explication." The Journal of Business Communication 34, no. 4 (1997): 437+.
stakeholders in the project have had friction throughout the program which you -- as the manager -- have been able to resolve. The latest conflict seems to be very destructive to the completion of the project. The project is on a very tight time line, and the resolution must be determined quickly.
Conflict resolution is a critical component within managements overall skillset. Due primarily to changes in culture and organizational structures, conflicts occur. It is up to management to effectively handle these conflicts for the benefit of the entire organization. Two articles that provide valuable insight into conflict resolution are entitled. "Bargaining: Power, Tactics and Outcomes," and "Strategic Management of the Family Business: Past esearch and Future Challenges."
The first article provides insights into bargaining situations with an emphasis placed on conflict resolution. The proposed framework in bargaining power is based on the notion of dependence. It also emphasizes the tactical…...
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References
1) Augsburger, D. (1992). Conflict mediation across cultures. Louisville, Kentucky: Westminster / John Knox Press.
2) Bannon, I. & Paul Collier (Eds.). (2003). Natural resources and violent conflict: Options and actions. Washington, D.C: The World Bank.
3) Family Business Review March 1997 vol. 10 no. 1 1-35
When it comes to working in any sort of organization or corporation, one of the obvious chasms that becomes clear here is the relationship between theory and what is practiced in a small business setting. To truly look at and assess that paradigm, the author of this report has interviewed an owner/manager at a small business to discuss what they do to make things work, what is suggested in theory and scholarly literature and how those frameworks and lessons do or do not work for their particular situation. The author of this report will personally be making a comparison and contrast between what is asserted within the literature and compare it to the feedback and personal experience narrative of the owner/manager. A common refrain seen in the blogosphere and elsewhere is that there is a disconnect between what is suggested in the minds of theorists and within the so-called ivory…...
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
F
F1
F2
F3
G1
G1(a)
G1(b)
G1(c)
Business Identification
Keys to Success
Company Summary
Industry History
Legal Form of Ownership
Location and Facilities
Management Structure
Products and Service
Market Analysis
Target Market
Industry Analysis
Competitive Analysis
Market Strategy
Ps of Marketing
Price List
Selling Strategy
Sales Forecast
Implementation Strategy
Overall Strategy
Implementation
Control Plan
Financial Statements and Projections
evenue and Cost Estimate
Forecasted Profit and Loss Statement
Forecasted Balance Sheet
Financial Assumptions
Breakeven Point
Financial Position
Capital/Investment Needs
Conclusion
eferences
Executive Summary
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. Among other matters, divorce is also a critical issue in individuals' lives. In addition to family conflicts and break-ups, divorce also brings serious financial problems for both the parties (Women Advisors Forum, 2011). Therefore, it is very important to have advice from financial planners…...
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References
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
A company cannot refuse to hire someone with sickle cell anemia (a disease that primarily affects persons of African ancestry), because the person might require costly health insurance, for so long as the person was strong enough to perform the job, discrimination would not be acceptable as it would affect persons disproportionately of one racial category.
Question
Explain trade secret and how it could be protected legally and in day-to-day operations. Provide an example.
According to Nolo.com, an online legal dictionary, a trade secret is:
in] most states, a formula, pattern, physical device, idea, process, compilation of information or other information that 1) provides a business with a competitive advantage, and 2) is treated in a way that can reasonably be expected to prevent the public or competitors from learning about it, absent improper acquisition or theft" ("trade secret, 2007, Nolo.com). Perhaps the most famous trade secret in business is that of the…...
Business intelligence degrees are not entirely available in Canadian colleges as ‘Business Intelligence’. For example, a private university like University of British Columbia has the Business and Computer Science Bachelor’s degree. It combines a typical business degree with background and experience in computer science. “The Business and Computer Science combined major will give you the technical background and understanding to apply IT solutions in a business context and use them to develop opportunities for growth” (UBC, 2018). Each semester, students take a combination of commerce and computer science-related courses. The official degree name is Bachelor of Commerce and takes on average, 4 years to complete.
This kind of BI program is located mainly in the computer science department with year 1 courses consisting of computation, programs, and programing, models of computation, and integral calculus. Although commerce essentials are part of the program as well, like managerial accounting, course offering consisting of…...
esearchers have an occasion to further organizational science and to make research practical by producing information that can impact changing organizational forms and circumstances. Pragmatically, academic researchers are not likely to get access to a company that is going through change unless the practitioners believe the research will be helpful (Gibson & Mohrman, 2001).
There have been a number of calls to augment the significance and effectiveness of organizational science to companies. The usefulness challenge cannot be defined merely as getting practitioners to value and include what academics learn. It is believed that the usefulness of research depends, somewhat, on the degree to which the perspectives of organization members are incorporated in research procedures and the results are included into those members' organization design activities that take place as their company adjusts to its changing environment. esearch is more likely to be seen as useful if there are occasions for…...
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References
Committee on Science, Engineering, and Public Policy (U.S.), National Academy of Sciences
(U.S.), National Academy of Engineering & Institute of Medicine (U.S.). (2009). On
being a scientist: A guide to responsible conduct in research, (3rd ed.). Washington,
An example of this can be seen with the Gray Matter Ethics Game at Lockheed Martin. This is a simulation that will take the employee through a host of ethical situations that they could be facing. Where, employees and managers will be able to learn how to apply the standards to various ethical issues that are being faced. This is significant, because it shows how the company is continually practicing and addressing different ethical challenges on a regular basis. In many ways, one could argue that this is what has helped the company to become so successful. As these standards will change the culture within an environment, helping to improve the professionalism of staff and the relationship that they have with customers / suppliers. When you put these two different elements together, this highlights the how Lockheed Martin has been able to use their ethics policy, to change the…...
The market analysis is provided in Table 2.
Table 2: Market Analysis
2012
2013
2014
2015
2016
Potential Customers
Growth
CAG
Home Office
2%
22,000
22,440
22,889
23,347
23,814
2.00%
Small Office
5%
15,000
15,750
16,538
17,365
18,233
5.00%
Professionals
8%
10,000
10,800
11,664
12,597
13,605
8.00%
Academic
0%
12,000
12,000
12,000
12,000
12,000
0.00%
Other
0%
10,000
10,000
10,000
10,000
10,000
0.00%
Total
15.00%
69,000
70,990
73,091
75,309
77,652
15.00%
The company will also use different market strategy to achieve its business goals. Ivy Discover will run a very attractive advertising banner on different websites, which are constantly being visited by target customers, and the business will use several different form of promotion to attract potential customers. The promotion strategy will include discounted package deal. The sale process will include several criteria such as product presentation, relationship building, customer requirements, or needs. The company will build technical products that are more effective than the products of the competitors. The company will provide value for its customers by developing high quality products. The marketing strategy that the company will employ is to use the company website for the marketing promotion. The company will submit the company website into highly ranked search engines such as Google, Yahoo, and…...
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References
Chaffey, D. (2002) E-business and e-commerce management. Financial Times/Prentice Hall. Harlow, UK.
Cote, L. Vezina, M.and Sabourin, V.(2005). The Strategic Management Process in E-Business. Ivey Business Journal.
Kooten, M. (2009).Software Industry Defies Economic Crisis. Top 100 Research Foundation.
Chantrill, C. (2012). U.S. Real GDP Chart. Government Spending.USA.
Sustainability is a term that is often used in reference to environmental responsibility. This is the most common use of the term that many people have come to associate with "sustainability." Seldom do people consider sustainability to be associated with other areas of the business environment. Upon reading the article by Swartz (2010), two different connotations of sustainability stood out in my mind. The issue that Swartz addressed which created his very long day was accusations that Timberland was engaging in corporate irresponsibility concerning the environment. This is the only definition of sustainability that many people consider.
Swartz's reaction to 65,000 emails made me think about what I would have done as a CEO, if I had been the one to open my own e-mail inbox to find 65,000 angry emails. Upon reflection of Schwartz's response, I feel that he acted in the best way possible. First, he knew that his…...
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References
Friedman, M. (1970). The social responsibility of business is to increase its profits The New York Times Magazine, September 13, 32-33 (and then continued on pages 122 -- 126). Story of Stuff ( http://www.youtube.com/watch?v=gLBE5QAYXp8 )
Porter, M.E., & Reinhardt, F.L. (2007). A strategic approach to climate. Harvard Business Review, 85(10), 22-26.
Swartz, J. (2010). "Timberland's CEO on standing up to 65,000 angry activists." Harvard Business Review, 88(9), 39-43.
Mentoring Process in a Business Setting
In most professions, the first years in a new position are fraught with uncertainties and problems. The need for supporting teachers and people in other professions was cited as far back as the Conant eport (1963). During the next twenty years, many attempts were make to put effective mentoring programming in place throughout the business world. This study will address the level of mentoring which exists in different professions, specifically, education, medicine, and law.
As early as 1962, induction programs that provided assistance to beginning teachers were being described (Shaplin, 1962). Mentoring in a business setting is described as being very desirable and conducive to interaction among the protege' and the established workers (Young & Adams, 2000). Medicine has long had a system of mentoring in place which is called residency. Whether nor not the condition of this process is optimal depends upon to whom…...
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References
Anderson & Shannon. (1988). "Toward a conceptualization of mentoring." Journal of Teacher Education, 39(1), 38-42.
Barnett & Kirkpatrick. (1986). California's Mentor Teachers: Two Years of Learning.
San Francisco, CA: Far West Laboratory for Research and Development.
Bolton, E. (1980). "A conceptual analysis of the mentor relationship in the career development of women." Adult Education, 30 (4), 195-196.
For the companies, these interviews are a cost-effective method of primary screening, and can allow for interviewees from different geographic regions. These interviews, however, eliminate some of the non-verbal cues that come from in-person interviews.
There are also lunch and dinner interviews. This type involves a more casual setting, which can reduce the stress associated with an interview and give a better impression of the candidate's actual behaviors as opposed to ones that have been cultivated specifically for the interview situation. hile such interviews can be effective, they are also more cost and time-consuming, plus they tend to be less consistent across candidates, placing some at inherent disadvantage to others.
Lastly, there is the standard job interview. This interview is predictable, and there has a high degree of uniformity of results. The disadvantage of the bread-and-butter interview is that many candidates are so well-prepared for such interviews that it is difficult…...
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Works Cited:
Hofstede, G, Pedersen, P., and Hofstede, G. (2002). Exploring culture: Excercises, stories and synthetic cultures. Yarmouth, ME: Intercultural Press.
Business estructuring: the case study of IBM and HP
The word "restructuring" is interchangeably used as a whole and is a universal and broad world for all sorts of substantial changes and alterations that take place within an organization. Change management, restructuring as well as reorganization are all procedures and practices that are signified by the fact that they evaluate and assess the prevailing structures with the main intent of changing such processes by means of targeted and categorical interventions. This in particular takes place within the organization during its changing aspects. The decisions which are made are evaluated and assessed with mainly high doubts as a result of the scrutiny of procedures and structures. One distinguishing aspect of all kinds of organizational change processes is the directness and sincerity of the subsequent results. Even though, it is regarding purposely designed interventions, the intricacy and complication is very extreme to the…...
Applegate, L.M., Austin, R.D., & Soule, D.L. (2009). Case I-1: IBM's decade of transformation: Turnaround to growth (pp.5-38). Corporate information strategy and management: Text and Cases (8th ed.). New York, NY: McGraw Hill.
Balogun, J. & Hailey, H. (2004). Exploring strategie change. London: Prentice Hall
Bohn, U. (2007). Vertrauen in Organisationen: Welchen Einfluss haben Reorganisationsmassnahmen auf Vertrauensprozesse? Eine Fallstudie
Theories and Models: Examine different theories and models of cross-cultural communication, such as Hofstede's cultural dimensions, Trompenaars' cultural orientations, and Gudykunst's uncertainty reduction theory. Cultural Intelligence: Explore the concept of cultural intelligence, its components, and how it impacts effective communication across cultures. Language and Communication: Analyze the role of language in cross-cultural communication, including linguistic barriers, translation challenges, and nonverbal cues.
Cultural Differences and Challenges
Cultural Values and Norms: Examine the influence of cultural values and norms on communication behavior, such as the role of hierarchy, collectivism vs. individualism, and time orientation. Perception and Attribution: Discuss how....
1. Legal action: Breaching fiduciary duty can lead to legal action being taken against the individual or company responsible for the breach. This can result in costly settlements, fines, or even criminal charges.
2. Civil lawsuit: Those who breach their fiduciary duty may face civil lawsuits from stakeholders, shareholders, or other parties with a financial interest in the business.
3. Damage to reputation: Breaching fiduciary duty can damage the reputation of the individual or company involved, leading to a loss of trust and credibility among clients, employees, and other stakeholders.
4. Financial loss: Breaching fiduciary duty can also lead to financial loss for....
Potential Consequences of Breaching Fiduciary Duty in a Business Setting
Fiduciary duty is a legal obligation imposed on individuals who have a special relationship of trust and confidence with another party, such as corporate directors, officers, and agents. This duty requires them to act in the best interests of the party they represent, exercising a high degree of care and loyalty. Breaching this duty can have severe consequences, both legal and financial.
Legal Consequences
Lawsuits: Breaching fiduciary duty can give rise to various lawsuits, including breach of contract, fraud, negligence, and misappropriation of assets. The affected party, such as the company or....
Technology has had a profound impact on the evolution of transportation and communication methods.
In terms of transportation, advancements in technology have led to the development of faster, more efficient modes of travel, such as cars, airplanes, and high-speed trains. These advancements have made it easier for people to travel long distances in shorter amounts of time, which has in turn facilitated global trade and cultural exchange. Additionally, technology has enabled the development of more sustainable forms of transportation, such as electric and hybrid vehicles, which help reduce carbon emissions and combat climate change.
On the communication front, technology has revolutionized....
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