1000+ documents containing “business world”.
business world ability communicate quickly concisely important.
Memorandum to myself: Ethics
Conventional business wisdom suggests that the sole responsibility of a for-profit firm is to make a profit. Some consider it unethical focus on anything else, given that shareholders buy stock in the corporation with the expectation of receiving a return on their investments, not funding the pet social causes of the board of directors. In fact, some might say that American capitalism by its very nature is inherently amoral given the inequalities it fosters (Tyrangiel 2012). A number of new organizations are attempting to challenge this idea. Social entrepreneurs seek to merge 'doing good' with 'doing well' (i.e., being profitable) (Elkington 2008).
For example, Change.org is a for-profit entity which generates Internet petitions that are easily disseminated through email to be signed by online readers. Change.org spreads the word about good causes and it also has proven to be lucrative (Geron….
Management games are simple computer simulation games that provide the player with various management scenarios and decisions to make within those scenarios. The score of the player can be calculated by the program and compared to both the scores of their peers and the ideal score for the game. This allows managers to enter the management position with some simulated management experience already in place.
The final problem that business management faces is properly managing their front line workers. Historically, managers were simply promoted front line workers who had been in the business long enough to know and understand the job and ensure that their front line workers did as well. Modernly, however, most management is hired from outside of a company and will often have little to no direct experience with the skill set that the front line agents are actually implementing. The problem arises when those managers receive….
Gruber, T., Abosag, I., Reppel, a.E., & Szmigin, I. (2011). Analysing the preferred characteristics of frontline employees dealing with customer complaints. TQM Journal, 23(2), 128-144.
Musshoff, O., Hirschauer, N., & Hengel, P. (2011). Are business management games a suitable tool for analyzing the boundedly rational behavior of economic agents? Modern Economy, 2(4), 468-478.
Brudan, a. (2010). Rediscovering performance management: Systems, learning and integration. Measuring Business Excellence, 14(1), 109-123.
Since the monopoly controls so much of the market share, the producers of goods have no choice other than to sell to the firm at lower prices, meeting their demand. This causes the market to stagnate, in that the producers of the goods must increase their production, but lower their margins (Federal Trade Commission, 2002).
The same occurs for merged companies. egardless of the type of merger, the end result is a larger company with a higher percentage of the market share. Again, this means that producers of any goods provided by the merged firm must sell at a lower cost to maintain the business of the firm. This leads to lower margins for the producers and higher profits for the merged firms (Federal Trade Commission, 2002).
There is also concern with both mergers and monopolies about ethical business practices. In a free market economy, resources and commodities are allocated and….
CNN. (Dec 14, 2000). AOL/Time Warner gets OK. CNN Money. Retrieved November 16, 2004 from CNNMoney.com. Web site: http://cnnmoney.printthis.clickability.com/pt/cpt?action=cpt&title=FTC+approves+AOL%2C+Time+Warner+merger+-+Dec.+14%2C+2000&expire=&urlID=1261384&fb=Y&url=http%3A%2F%2Fmoney.cnn.com%2F2000%2F12%2F14%2Fdeals%2Faoltimewarner%2F&partnerID=2200.
Consigliore, a., Elman, J., Schreiber, J. And Small, T. (1996). Fears of monopolistic power. Danger of Corporate Monopolies. Palo Alto, CA: Stanford University Press.
Federal Trade Commission. (2002). Mergers. Promoting Competition, Protecting Consumers: A Plain English Guide to Antitrust Laws. Washington, D.C.: Federal Trade Commission.
Fishman, C. (December, 2003). The Wal-Mart you don't know. Fast Company, 77: 68-72.
business world, to be able to plan and to track and also to forecast the relevant economic indicators that would make or break the business. Scenario planning is one tool that can be utilized for just this purpose. What it does is this: it helps the manager of the concern to better manage certain unexpected events that may occur, and create and develop strategies that would be able to cope with such unexpected eventualities. However, if the manager planned to use scenarios for his planning, the most important part of his plan would be to incorporate an early warning process into the plan, so that he would be able to monitor the regular environment as often as he wanted to, and as early as he wanted to, even before the proposed scenarios were played out. (Use Early Warning to Strengthen Scenario Planning)
In order to decide and to gauge the….
A Critique of the Chicago School of Economics: Milton Friedman and Monetarism. Retrieved From http://www.huppi.com/kangaroo/L-chimonetarism.htm Accessed on 30 June, 2005
Chapter 4, Diagnosing the Performance of your Organization. Retrieved From
http://web.idrc.ca/en/ev-28256-201-1-DO_TOPIC.html Accessed on 30 June, 2005
Do Deficits Matter? Retrieved From
Instead, the idea is to use the 360 as another tool, specifically to understand the manner in which different functions are perceived -- in all directions, horizontal and vertical. It is more likely that an effective approach to the instigation of 360 would be 3-4 measurements: (1) Not Effective, ( 2) Marginally Effective, (3) Effective, and (4) Very Effective. This would allow the tool to be an open dialog and learning opportunity.
Part 4 -- the 360 approach does not mean every single person in an organization supplies feedback for every single person. The most effective manner for this initial rollout would be to analyze the function and ask for appropriate feedback from the most local group (employee, supervisor, 1-2 peers, cross functional team member, etc.). Simms should provide evaluations and feedback for her direct reports, but, should encourage comments to flow up the chain so that she has a….
Indeed, when public policy is deemed to be culturally insensitive or discriminatory, it is often met with widespread anger and roadblocks to eventual implementation. Understanding the nuances of cross-cultural relationships between the public sector and its citizens will help prevent problems like this.
Problems of this type are also often experienced in the private sector, as firms attempt to build lasting cross-cultural relationships. In the private sector, however, the value of these relationships has made training for them an important goal. With my knowledge of organizational behavior, financial management, human resources management, communication, ethics, and cross cultural leadership, and its application to the private sector, I hope to expand my research into the private sector, investigating how prepared the private sector is to deal with these types of cross-cultural relationships and how the private sector can increase its preparedness.
Thus, my desire to enter the Doctoral program at the University of….
Stakeholders International Business
The business world has seen many evolutions over the centuries. One constant, however, remains that the central premise of business has always been to provide in a perceived need; whether this need has been somewhat created and artificially perceived, or manifests itself as an actual need. Businesses have also always had stakeholders. The way in which businesses have managed their relationships with stakeholders have, however, also significantly evolved. During the industrial age, particularly, businesses were so focused on profit and speed of service that they tended to neglect their internal stakeholders in favor of the external ones. Externally, they tended to also favor those who could directly benefit the business over those who were directly affected by their practices. Today, business ethics are at the heart of many stakeholder relationships. One of the most significant evolutions the world of business has seen since the industrial age is globalization.….
Bhagwati, J (2004), In Defense of Globalization, Oxford
Braibant, G. (2002), 'The past and future of public administration', International Review of Administrative Sciences, Vol. 68 No. 3.
Calomiris, C (2002), A Globalist Manifesto for Public Policy, IEA
Castells, M (1993), 'The informational economy and the new international division of labor', in M. Carnoy, M. Castells, S. Cohen and F.M. Cardoso, The new global economy in the information age: Reflections on our changing world, University Park, PA, Pennsylvania state University Press.
Standard Deviation in the Business World Literature eview
In order to demonstrate the applicable uses of standard deviation and other measures of central tendency to the study of business-based economics, it is informative to study the empirical research conducted by researchers with expert knowledge in the field. To that end, an article titled "A obust Mean Absolute Deviation Model for Portfolio Optimization," which was jointly authored by Korean researchers Yongma Moon and Tao Yao, has been chosen for further review. Published in the scholarly journal Computers and Operations esearch in 2011, this comprehensive combination of literature review and statistical modelling is intended to test the efficacy of applying standard deviation to the process of portfolio optimization. In this paper, the authors develop a robust model for portfolio optimization based on their own amalgamation of economic and financial data points. The purpose of this research is to expand the base of empirical….
Price setting in the business world is essential to success, because price strikes the balance between the competitiveness of the product in the marketplace and the ability of the company to cover the costs of providing the good or service. Thus, price setting has two dimensions. From a market competitive standpoint, the price defines the positioning of the product within the marketplace. A good example can be found with major sports apparel brands (e.g. Nike, Adidas) or sunglasses. Most of these goods are produced at a cost that it not much more than what the cheaper varieties cost. Yet the price to the consumer is substantially higher. The reason is that these companies are seeking to define their product as markedly superior to the generic brands on the market. It might only cost another five or ten dollars to produce a good that is superior, but the price point needs….
The company's response begins positively, explaining that something can be done about the situation, or that some of the news is good. This is then followed with the negative element. The problem is thoroughly explained, including possibilities for dealing with it in a positive manner. The correspondence then ends with a return to the good news and, if appropriate, an invitation for further correspondence. In this way, bad news is presented in the position of least emphasis - in the middle of the letter. At the same time, the bad news is presented and explained clearly, without the impression that the company is attempting to minimize its importance or deceive the customer in some other way.
If a customer complains about something that is not Ben & Jerry's fault, it is not technically necessary to apologize. Indeed, some professionals recommend against it. Nevertheless, I do believe it is necessary to….
In the business world, and particularly in the context of big companies, change is often at the order of the day. The problem is, however, that change also incurs a large amount of uncertainty and conflict, not only among employees, but also between employees and their superiors. This could severely affect the way in which business is conducted, and has the potential to harm rather than promote effective business operations. In the case of Jack Carlisle, for example, communication, or the lack thereof, is causing uncertainty that could lead to severe consequences for the business and the lives involved if not handled with care.
At the heart of the problematic issues the company faces is communication. Giles is much more reserved than Hansen, which creates uncertainty regarding his thinking. When employees face the possibility of change and possibly also being let go from the company, this type of leadership communication….
Ambler, G. (2009). No Communication = No Leadership. The Practice of Leadership. Retrieved from: http://www.thepracticeofleadership.net/2009/04/26/no-communication-no-leadership/
Bulmer, D. (2010). 13 Rules of Leadership for Communication, Influence and Social Media Strategy. Social Media Today. Retrieved from: http://socialmediatoday.com/donbulmer/162668/13-rules-leadership-communication-influence-and-social-media-strategy
Sykes, E. (2011). Leadership Starts with Tough Decisions: Five Leadership Skills for Outstanding Team Building. The Sykes Group. Retrieved from: http://www.thesykesgrp.com/leadershipskillschoicesarticle01.htm
Economics and the Business World Course Work Assessment Spotify achieved a major milestone March 2011 reached 1 millionth paying customer 6 million signed free services firmly establishing largest online music services world.
Economics and the business world
Threat of new entrants
Bargaining power of consumers
Bargaining power of suppliers
Threat of substitute products
Spotify and Virgin Media partnership and the benefits of online distributed music
Spotify is officially on of the largest music services providers of the globe, having reached a total of 1 million paying customers, and 6 million free subscriptions. The future of the company and the interest it raises from investors are however pegged to more complex issues than the number of customers. It is for instance important to assess the industry in which the company activates, the nature of competition, the potential for partnerships or the benefits of music services. Each of these issues is addressed below.
1. PESTLE analysis
Burkart, P., 2010, Music and cyberliberties, Wesleyan University Press
English, K., The new music (industry) economy, Eleet Music, http://eleetmusic.com/?p=2088 last accessed on December 2, 2011
Finney, J., Burnard, P., 2009, Music education with digital technology, Continuum International Publishing Group
Grillo, L., 2011, What's eco-friendly music? Indie Band Big Tree explains, Act, http://act.mtv.com/posts/whats-eco-friendly-music-indie-band-big-tree-explains / last accessed on December 2, 2011
Fair Business Practices
The modern business world demands that managers and companies must be ethically principled. In this case, ethics alludes to moral principles coupled by the behavior of a just live or business. In business, moral principles stem from logic. Therefore, a logical manager reasons morally and abides to the reasoning in order to protect the business. The following are the top three ethical principles one would need to abide by in order to be considered successful in business.
Environmental, health and safety principles
These principles are derived from values, policies, regulatory requirements, and legal requirements. Compliance with the laws is a core value and the single most priority for anyone in the business world. This set of principles is transformed into action by performance standards, standard business operating procedures and current best business practices. All these are reinforced by compulsory annual internal audits. Frequently assessing the structure of standards promotes….
Fernando, A.C. (2013). Business Ethics: An Indian Perspective. Prentice Hall.
Jeurissen, R., & Rijst, M.W. (2010). Ethics in business. Assen, The Netherlands: Van Gorcum.
Vilcox, M.W., & Mohan, T.O. (2009). Contemporary issues in business ethics. New York: Nova Science Publishers.
In business, a regression analysis is a statistical technique for estimating the relationships among variables. It includes many techniques for modeling and analyzing several variables, when the focus is on the relationship between a dependent variable and one or more independent variables. In this instances, sales volume and hours worked can be plotted on a regression line. This allows managers to see a relationship between the two variables as it relates to sales volume. Depending on the result, or trend, managers are better able to forecast future sales growth (Freedman, 2005).
Another very common sales forecasting technique is that of trend projections. When numerical data are available, a trend can be plotted on graph paper to show changes through time. In this instance, sales volume growth can be depicted on the graph to show either a growing, or declining trend. If desired, the trend line can then be extended or….
conflict coaching practices in the business world. It consists of a set of arguments that support conflict coaching theory and practices for the betterment of an organization, as well as a critical analysis which highlights some of its drawbacks and challenges for the managers.
This paper presents a comprehensive discussion and critical analysis of the conflict coaching theory in the context of business world. Conflicts and disputes are quite common among employees in the same departments and organizational levels. In order to resolve these conflicts and make their employees respect the values and point-of-views of their coworkers, managers need to play their leadership and conflict coaching role at the workplace. The literature is full of researches that explain the importance of conflict coaching for the efficient operations of the organization and the higher productivity of its employees. The theory of conflict coaching has been explained with a critical point-of-view by….
Cloke, K. & Goldsmith, J. (2011). Resolving Conflicts at Work: Ten Strategies for Everyone on the Job, 3rd Edition. San Francisco: Jossey-Bass.
Costello, J., Clarke, C., Gravely, G., D'Agostino-Rose, D., & Puopolo, R. (2011). Working Together to Build a Respectful Workplace: Transforming OR Culture, AORN Journal, 93 (1): 115-126.
Ellinger, A.D., Hamlin, R.G., Beattie, R.S., Wang, Y., & McVicar, O. (2011). Managerial Coaching as a Workplace Learning Strategy, Supporting Workplace Learning, Professional and Practice-based Learning, 5 (1): 71-87.
Goldsmith, M., Lyons, L., & McArthur, M. (2012). Coaching for Leadership: the Practice of Leadership Coaching from the World's Greatest Coaches, 3rd Edition. San Francisco, CA: Jossey-Bass.
business world ability communicate quickly concisely important. Memorandum to myself: Ethics Conventional business wisdom suggests that the sole responsibility of a for-profit firm is to make a profit. Some consider…Read Full Paper ❯
Business - Management
Management games are simple computer simulation games that provide the player with various management scenarios and decisions to make within those scenarios. The score of the player can…Read Full Paper ❯
Since the monopoly controls so much of the market share, the producers of goods have no choice other than to sell to the firm at lower prices, meeting…Read Full Paper ❯
business world, to be able to plan and to track and also to forecast the relevant economic indicators that would make or break the business. Scenario planning is…Read Full Paper ❯
Instead, the idea is to use the 360 as another tool, specifically to understand the manner in which different functions are perceived -- in all directions, horizontal and…Read Full Paper ❯
Indeed, when public policy is deemed to be culturally insensitive or discriminatory, it is often met with widespread anger and roadblocks to eventual implementation. Understanding the nuances of…Read Full Paper ❯
Stakeholders International Business The business world has seen many evolutions over the centuries. One constant, however, remains that the central premise of business has always been to provide in a…Read Full Paper ❯
Standard Deviation in the Business World Literature eview In order to demonstrate the applicable uses of standard deviation and other measures of central tendency to the study of business-based economics,…Read Full Paper ❯
Marketing Price setting in the business world is essential to success, because price strikes the balance between the competitiveness of the product in the marketplace and the ability of the…Read Full Paper ❯
The company's response begins positively, explaining that something can be done about the situation, or that some of the news is good. This is then followed with the…Read Full Paper ❯
Jack Carlisle In the business world, and particularly in the context of big companies, change is often at the order of the day. The problem is, however, that change also…Read Full Paper ❯
Economics and the Business World Course Work Assessment Spotify achieved a major milestone March 2011 reached 1 millionth paying customer 6 million signed free services firmly establishing largest online…Read Full Paper ❯
Fair Business Practices The modern business world demands that managers and companies must be ethically principled. In this case, ethics alludes to moral principles coupled by the behavior of…Read Full Paper ❯
Business - Management
In business, a regression analysis is a statistical technique for estimating the relationships among variables. It includes many techniques for modeling and analyzing several variables, when the focus…Read Full Paper ❯
conflict coaching practices in the business world. It consists of a set of arguments that support conflict coaching theory and practices for the betterment of an organization, as…Read Full Paper ❯