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Conceptualizing a Business
First, discussing the products, services and customers of our business, which deals in wedding and event planning, will allow a person to gain knowledge of the organization. Also, developing the mission, vision, and guiding principles for the business followed by an analysis of how they guide the organization's strategic direction and achieve competitive advantage.
Our business basically deals in arranging the wedding functions and organizing various events by providing the best products and services for the benefit of the customers. We have started our business with the aim of organizing wedding and event planning of all types and sizes. We are also working hard to tie up our relations with many trustworthy professionals in order to make true the dreams and wishes of our customers. The chief objective of our business is to offer the maximum pleasure and satisfaction to the customers. A wide and extensive range…… [Read More]
Conceptualizing a Business:
The modern business world is characterized with numerous opportunities for starting new businesses because of rapid growth and developments in the society. Some of these opportunities exist in the fast food industry and alcohol sector. Notably, the ability to take advantage of these opportunities and develop a business that meets the need of consumers requires conceptualization of the company or business. Conceptualizing a business is a process that involves presenting the company's vision, mission, and strategic directions that will prove to be a worthy investment and obtain competitive advantage over the already existing rivals. As part of developing a business plan, conceptualizing a business provides an individual with the opportunity to strategically organize his/her thoughts into a solid plan for adapting and growing the business are market realities become apparent.
oland estaurant is a quick service restaurant that will provide healthy and nutritious fast foods…… [Read More]
Conceptualizing a Business
Strategic plan for oland Beer Company
Definition of business
oland Beer Company is a global company that will be concerned with manufacture and sell of beer and other beverages related to beers in the world. A number of beer companies have been established in the world without immediate success. oland Beer Company is dedicated to exploring on various needs and preferences of the people in order to yield to their tastes and preferences. Beer is a global product that has an established base in the global and local market. The birth of oland Beer Company will spur growth and development of many other businesses and organizations within the region that will host the company. oland Beer Company will be made up of various departments that work towards developing a successful business body that renders success to the organization.
oland Beer Company will have a vision statement.…… [Read More]
The core values of the organization are somewhat like the character or personality of the organization. They are the aspects of the organization which the company holds despite any changes in the market conditions or demands. Collins and Porras (2002)
state that the values of an organization should stand to the question on whether the organization would still be willing to hold on to these values if they were a disadvantage to the organization itself.
Various researches that have been conducted have exemplarily shown that the companies which have succeeded are the ones which are guided by the company values. The core values of an organization reflect the functional ideologies in the company and they should not be alterable in any situation. Whether it is an economic downturn or increased competition Huizing, Koster, & Bouman, 1997()
Collins and Porras (2002)
state that the values are not just important. They are…… [Read More]
Conceptualizing a business is the first step when it comes to putting thoughts in a manner which investors, or even bankers can visualize.it might take a very long time before thoughts are organized but the knowledge of the important things to focus on will hasten this process. The paper will give an explanation of my selected business vision, mission and values in determining the organization's strategic direction.
Developing a mission statement
Donne's Fresh Veggie burger is a restaurant that makes vegetable burgers. Being a vegetarian does not mean that one does not occasionally want to sink their teeth into a juicy burger. This is why we want to provide an opportunity for vegetarians and non-vegetarians as well to enjoy our fresh vegetable burgers. Our burgers are fully vegetable as we are all about vegetables. We hold the belief that vegetable burgers should have the taste of real vegetables, their content…… [Read More]
Lastly, the values at Heavy Henry's will incorporate a healthy disrespect for the conventions of fine dining. Food is not about appearances, or putting on airs. Food is about performing a basic act of nature, and Heavy Henry's is about optimizing that experience. It might be boisterous, it certainly will be messy, but if our customers are not having the time of lives then we are not doing our job. That means putting them at ease -- no reservations, no dress codes and no snobbery.
It is believed that the key competitive advantage for Heavy Henry's will be in delivering this exceptional experience. In order to deliver this experience, inputs and throughputs are critical. The key inputs are ingredients and labor. The ingredients will be sourced from the best suppliers, but ultimately our competition can do the same. here we will exceed is in delivering the best dining experience from…… [Read More]
Strategic Plan, Part I: Conceptualizing a Business
Define your business, products or services, and customers by developing a mission statement. Ensure that you are differentiating your product or service.
Create a vision for this organization that clearly demonstrates your decision on what you want your business to become in the future.
Define your guiding principles or values for your selected business considering the topics of culture, social responsibility, and ethics.
Analyze how the vision, mission, and values guide the organization's strategic direction.
Evaluate how the organization addresses customer needs and critique how they achieve competitive advantage.
The business and how the organization addresses customer needs and how they achieve competitive advantage.
Writing a proposal for one's book can be a tough job for anyone - particularly for a beginner. Writers face needless and countless rejection merely because their proposal is not convincing enough, persuasive enough, targeted to the correct agent…… [Read More]
Business Conceptualization: McKesson's Emergent Digital Medical Imaging Technology
The medical industry is changing rapidly around us. ith the adoption of new laws holding healthcare facilities more directly accountable for patient outcomes, the pressure is being felt ever more by hospitals and other care providers. The demands for facilities to become more efficient, more accurate and more precise has, justifiably, come to the forefront of the public discourse following the enacting of the Affordable Care Act. As a result, there are tremendous opportunities now opening up to healthcare technology firms with the ability to help relieve the pressure from some of these demands. This is where firms like McKesson have the best chance at driving industry-wide innovation. ith McKesson's emergent set of medical imaging solutions, the firm places itself on the forefront of a rapidly evolving medical field.
Defining the Business:
McKesson is one of the largest and most successful…… [Read More]
Shared value as a business approach is integral in conducting business because it both creates economic value and societal benefit. Businesses create shared value when they can make profit while also meeting important social needs like improving environmental performance, reducing health related problems, improving nutrition, reducing disability among other factors. When businesses create shared value to make profit and meet societal needs. Shared value should not only be thought of in the context of doing more good. It also encompasses aspects of capitalism (Driver, 2011). Capitalism has relegated many important aspects of society like improvement of environmental performance, safety, and focus on the local community to the periphery of the business operations because of a notion that these are social and not business related activities. The shared value concept includes all these social items into capitalism. For profit firms that engage in these social activities stand to gain a lot…… [Read More]
This is a strategic plan for a business start-up that will be a pet store with an adoption center specializing in eco-friendly products and services for large breed dogs. The store will have a physical location and an internet Web site where people can buy products and get information about owning and caring for large breed dogs such as great Danes, Great Pyrenees, Irish Wolfhounds and Newfound lands. The store will be called Big Dogs. The first step in developing the business is to create a vision statement and mission statement for the business and then to develop objectives, strategies, goals and programs (Planware, n.d.).
A vision statement should tell the world what the business wants to become. Vision provides the long-term perspective and your reason for being -- why you are in business (May, 2010). A clear business vision improves organizational performance and helps attract…… [Read More]
Business Strategies and Objectives
The aim of this paper is to prepare matrices that will be used to justify strategies that will be recommended in the paper. There will also be analysis and detailed discussion on other alternative strategies, including providing the advantages and disadvantages of the alternative strategies. All the specific objectives and strategies will be addressed and there will be an analysis for the next three years with estimated costs for every year. The article will also compare and contrast the recommended strategies and the actual ones adopted by the firm (Google). ecommendations will include how the strategies are to be implemented by the firm in question, and expected results will be noted together with a timetable for recommended items. Detailed information of how to review and evaluate the success of the recommended strategies will also be provided.
In many circumstances, business strategies will always…… [Read More]
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…… [Read More]
component of effective incident handling is a security management team that is engaged in constant preparation and network scanning for such a breach. "Once your security team declares there has been a breach, it should inform the incident management team, and it should assemble within minutes" (Schilling, 2013, p.3). The team should then conduct "network forensics, systems forensics and malware analysis" to understand the extent of the threat and "by reviewing network and security event logs, a forensic analyst can determine which computer systems are likely compromised" (Schilling 2013, p.3). There may not be a need to shut down the entire system; the question is the extent to which the threat can be isolated and contained. "Once an infected system is recovered for analysis, the forensics analysts will examine the system to retrieve the files that are responsible for the threat activity. These files are normally hiding some type of…… [Read More]
Community Treasure Hunt: Pleasant Grove, Texas
In Pleasant Gove news coverage has stopped depicting violent crimes in its articles because it's old news. People die here every day, it's nothin'.
Pleasant Grove, Texas resident c. 2015
I was born and raised here and have traveled the world, but I could never imagine any place lovelier to call home.
Norma Davis, Chair, Pleasant Grove Historical Society, 2015
Introduction, Demographic Information, and Community Immersion (suggested length: 3 pages)
There are a number of ways to conceptualize a community, with its geographic boundaries being among the most straightforward (Knowing your community). The geographic boundaries of Pleasant Grove, located in the southeast section of the Dallas, are shown in Figure 1 below.
Figure 1. Location of Pleasant Grove
Geographic boundaries alone, however, reveal little about the people that comprise a community and this is certainly the case with the working-class community of…… [Read More]
World-Wide Concepts and isks Posed by the International Environment
World-Wide Concepts deals with a wide variety of products which are profitable but which pose a number of potential legal risks in the form of biotech instruments and drugs. It also has a number of different operations spanning various nations from its manufacturing facilities in China, assembly facilities in Mexico, biotech partners in Israel, and software design partners in ussia and India. All of these countries have very different systems of justice and standards of ethics than the United States in terms of their way of conceptualizing the fair and free way to do business (Meiners, ingleb, & Edwards 2012, p. 5). For example, India has had a notorious reputation for corruption, which is not atypical of developing world nations which have undergone rapid industrialization. "Socially-acceptable practices" often conceal what would be illegal in other nations and the "inherent opacity of…… [Read More]
workplace profile, the analysis of the organization, and the development of the organization. Accompanying this report as separate submissions will be a PowerPoint that presents change in a way to inspire action and a personal reflection. While the organization under assessment in this report is far from perfect, there are a lot of things that they are doing quite well and they are well-positioned to do big things in the future.
To get this out of the way in advance, the author of this report does not work for the organization in question but got to observe the company with the condition that the name and industry of the company was kept anonymous. Of course, the author of this reported wanted full access so this was complied with in full detail. Even so, there will be a complete and full assessment of what is known and what was…… [Read More]
Business Communications Final Analysis Report
In order to apply the strategies and decisions formulated in the initial phases of the communication research, they are applied in the context of business communication, particularly in group decision-making processes. In the final analysis report, the case study on the Creative Media team conflict is discussed, addressing the prevalent issues that bring about miscommunication within the team.
The case study on the Creative Media team situation has the following specifics: Gap Jeans, Inc. is planning to launch a new advertising campaign for its new product, called the Gap Washed Jeans, which features a denim-wash (faded look) feature for women, which will be available in hipster and flared styles. Gap is looking for a creative ad agency that will conceptualize and produce the ad campaign, although specific information about the nature of the ad campaign is not yet formulated. Thus, the whole advertising and marketing…… [Read More]
Organizational studies benefits from interaction with other areas of study. The articles and research questions in the paper reflect a curiosity of the connection among media, technology, and behavior. Each article and set of authors approaches this question from a different perspective and in conjunction with another school of thought to help problem solve and with which to cooperate. The paper selects and uses three heuristics as way to explore research questions and hypotheses further and better. The paper substantiates the validity of the proposed research question. The paper also describes the context within which the proposed research would fit.
Generating Research Questions & Hypotheses
Part 1 - DeLorme, D.E., Huh, J., Reid, L.N., & An, S. (2010) The state of public research on over-the-counter drug advertising. International Journal of Pharmaceutical and Healthcare Marketing, (3), 208 -- 231.
DeLorme et al. propose several key research questions and hypotheses. One…… [Read More]
If rejected, the subcontractor can at least feel that the choice was a fair one - that her or his organization was not perfectly suited to the job at hand. If selected; however, a potentially long-lasting relationship is created, one that is based on mutual trust, shared goals, and a feeling of true partnership.
Numerous potential problems exist in the main contractor/subcontractor relationship. These problems range from subcontractors' lack of understanding of the work (or main contractor's inability to explain it) through to subcontractors' lack of skills, size necessary to take on the project, financial difficulties, and lack of feeling that there exists any kind of joint effort or partnership between the main contractor and subcontractor. Any one of these difficulties might lead to delays, cost overruns, poor workmanship, or even outright failure within the context of the project. The foregoing study is designed to discover which concepts are…… [Read More]
An analysis of IT policy transformation
The aim of this project is to evaluate the effectiveness of information security policy in the context of an organization, OSI Systems, Inc. With presence in Africa, Australia, Canada, England, Malaysia and the United States, OSI Systems, Inc. is a worldwide company based in California that develops and markets security and inspection systems such as airport security X-ray machines and metal detectors, medical monitoring anesthesia systems, and optoelectronic devices. The company is also represented by three subsidiary divisions in offices and plants dedicated to the brands, apiscan Systems, OSI Optoelectronics and SpaceLabs Healthcare.
In 2010, OSI, Inc. had sales of $595 million with net income of over $25 million. As of June 2010, the company was comprised of 2,460 personnel globally. The parent company provides oversight and fiscal control to the different divisions, and is connected through its virtual network world-wide intranet system;…… [Read More]
Social Media etailing Applications: Opportunities and Threats
How Has Social Media Developed and What are the Benefits and Downsides of Using Social Media for etailers Today?
This study examines social business in general, how it developed and the benefits of using social media in particular. Second, this study provides a discussion concerning the potential positive as well as the effects of social business in the retail sector which is followed by a description of optimal business strategies for social media applications, the pros/cons of using these tools in the industry, and some representative case studies concerning companies that succeeded and some that recently failed in their use of social media. Finally, the study provides a summary of the research and important findings is followed by a series of recommendations concerning how retailers should use social media technologies in their own businesses in the concluding chapter.
Social Media Business Applications
Chapter…… [Read More]
Data Warehousing: A Strategic Weapon of an Organization.
Within Chapter One, an introduction to the study will be provided. Initially, the overall aims of the research proposal will be discussed. This will be followed by a presentation of the overall objectives of the study will be delineated. After this, the significance of the research will be discussed, including a justification and rationale for the investigation.
The aims of the study are to further establish the degree to which data warehousing has been used by organizations in achieving greater competitive advantage within the industries and markets in which they operate. In a recent report in the Harvard Business eview (2003), it was suggested that companies faced with the harsh realities of the current economy want to have a better sense of how they are performing. With growing volumes of data available and increased efforts to transform that data into meaningful knowledge…… [Read More]
Managing Diversity Matters
A Study on QANTAS
Women Representation at QANTAS
QANTAS' Focus on Diverse Needs of Customers
QANTAS Ideology Regarding Recruitment of Youth
Challenges Faced y QANTAS
In today's challenging global scenario where competition is rising every day, it is necessary for Multinational organizations to address the basic need of today's business world: diversity. Customers, employees, strategic alliances, competitors, industry norms etc.; they are all subject to changes every day. This is the reason why organizations must need to show adaptability to the change and address the diverse needs of all these stakeholders. Furthermore, while discussing MNCs, it is noticeable that one of the industries (with highest degree of diversity in its operations) is the aviation industry. Australia is one of the most culturally diverse in the world, according to a 2009 study by L. Leveson in the International Journal of Manpower. The study explored current attitudes to diversity…… [Read More]
A variety of technical and management issues arise during the implementation and operation of any change process. Change management in technology projects is essential to implement and monitor mechanisms to support and control users, business, and technology (Yarberry, 2007). There are different change project modules used at any stage of a project development. These include the change curve, Lewin's change management model, and Beckhard and Harris change model used in the understanding phase. The project-planning phase uses the impact analysis, Burke-Litwin, McKinsey 7s framework, Leavitt's diamond, organization design, and SIPOC diagrams. The implementation stage uses Kotter's 8-step change model, training needs assessment, while the communication change uses stakeholder analysis, stakeholder management, mission statement, and vision statements. In this analysis, the Leavitt's Diamond, the Kotter's 8-step change model, and Leavitt's model for organizational change is concerned with the interdependence of four main factors, including structure, people, technology, and task.…… [Read More]
Managing All Stakeholders in the Context of a Merger Process
Review of the Relevant Literature
Types of Mergers
Identifying All Stakeholders in a Given usiness
Strategic Market Factors Driving Merger Activity
Selection Process for Merger Candidates
Summary, Conclusion, and Recommendations
The Challenge of Managing All Stakeholders in the Context of a Merger Process
Mergers and acquisitions became central features of organizational life in the last part of the 20th century, particularly as organizations seek to establish and maintain competitiveness in an increasingly globalized economy (Nevaer & Deck, 1996). Mergers are generally described as being the formal joining or combining of two corporations or business (Prichett, 1987), although both the framework and the method of merger vary greatly. The reasons for mergers are different based on what a company is trying to accomplish. The acquiring firm may seek to eliminate a competitor; to increase its efficiency; to diversify its products, services,…… [Read More]
Globalization on Entrepreneurship
The methodology chosen for the research in this present study is one of a qualitative and interpretive nature. Qualitative research is appropriate when attempting to understand social phenomenon and this is true in the case of entrepreneurship. The work of Kvale (1996) states that the qualitative research interview "seeks to describe the meanings of central themes in the life world of the subjects…" McNamara (1999) states that interviews are "particularly useful for getting the story behind a participant's experiences. The interviewer can pursue in-depth information around the topic. Interviews may be useful as follow-up to certain respondents to questionnaires to further investigate their responses." Stages of the interview process include those as follows:
(1) Thematizing -- the why and what of the investigation;
(2) Designing -- plan the design of the study;
(3) Interviewing -- conduct the interview based on a guide;
(4) Transcribing- prepare the interview…… [Read More]
Limitations of the Research or Gaps
A Critical Analysis of the usiness Judgement Rule under the Australian Corporation Law
There have been many large businesses which have collapsed unexpectedly to cause irreparable damage to the investors worldwide in recent years. The most recent and larger cases are those of the fall of the mighty U.S.-based Enron International and the Australian firm, HIH Insurance. These cases shook the faith of the stakeholders in the ability and the intention of the directors who were in charge of the operation of these enterprises. These cases have also made it harder for the directors to negate the fiduciary duty imposed upon them by the law. For instance, according to the 1997 Directors' Duties and Corporate Governance prepared by the Commonwealth of Australia, 'There has been increasing debate in Australia about the standard of corporate governance, particularly in light of the experiences of the late…… [Read More]
Patterns, Design, And Overall Business Strategy
Many organizations are complex and unyielding to casual analysis, but there are some methods available that can help discern the manner in which organizations are structure and operated. To gain some fresh insights into this area, this paper that presents the author's conclusions concerning the patterns, designs, and overall business strategy depicted by a business model canvas including a discussion about metaphoric and framing applications. A summary of the research and important findings concerning these issues are presented in the paper's conclusion.
It is possible to view complex organizations according to a number of different perspectives and it is important to do so in order to subjectively discern the intricacies of its business model and operations. In this regard, Gareth Morgan reports that, "People who are open and flexible and suspend judgment are able to recognize several perspectives, which open up several rather than…… [Read More]
An empty self wishes for nothing more than to e guided and taken care of, easy prey for an abuse therapist, or even one who is not intentionally abusive but is not trained to recognize and understand the underlying issues. Wide and varied research supports Cushman's theory on this point, proving that decontextualization of the individual, the devaluation of the patience, a belief in the universality of a therapeutic technology and the encouragement of idealization can all lead to therapeutic abuse (608). Cushman compares patients who are exploited by life-style therapy to people who are victimized by cults. Their empty selves make them susceptible to feeling "transformed" because they cannot see themselves within a larger communal matrix. Cushman argues that a main component of preventing this kind of abuse is part of what he is after in writing this article -- straightforward talk about life-style solutions and their possible dangers.…… [Read More]
political scenario illustrated that governments all over the globe are making their immigration rules more stringent because of the rise in terrorism; the implication of this phenomenon is a decrease in international traveling, which endangers continuance of a number of airlines, including Nigeria's Arik Air (Eze, 2010). Hofstede's power distance dimension denotes the degree to which unequal distribution of power is anticipated and accepted by the lower ranking members (in terms of authority), of organizations and institutions in the nation under consideration. UA's score on this dimension is relatively low (40). Power distance deals with members of a society not being on an equal footing with one another; the dimension conveys a particular culture's outlook towards power imbalances among countries, as well. Furthermore, the inequality that prevails in a given society is equally approved of by its leaders and followers. Nigeria demonstrates a high power distance score (80), signifying its…… [Read More]
Decision making is critical to a corporation. Organizational success depends on making hundreds or even thousands of decisions every day, and those decisions need to be of the highest quality in order for the organization to thrive. In a seminal work, Simon (1979) built the case that rational decision-making was essential to businesses. Data could drive decisions and the analysis of the data should reflect calm, reasoned analysis rather than gut feelings or other means of making decisions.
However, perfect rationality is not typically possible, and managers must resort to what is known, accepting the various constraints that limit the ability of the manager to obtain perfect information on which to make a decision. At lower levels, decisions are simpler, and it might be possible to obtain the needed data, but at higher levels, decision-making is often complex, and the information ambiguous. This reality challenges the ability of a…… [Read More]
Future Global Corporate Strategy and International Management
The emergence of strategic management has always been attached to military history (Tallman, 2007). Studies in this area reveal various examples where the strategic management of offensive and counter-offensive led to decisive victories. Within the corporate sphere, it emerged following the Second World War. The dramatic growth of world nations such as China, Japan, and the U.S.A. served a beneficial environment for large international corporations that needed evolution in their planning and thought process. In fact, the competitive climate has created challenges for global corporations to sustain the success chart without meeting the changing requirements of business and adopting a strategy to counter these changes. Strategic management is an art that uses the processes and principles of management to create the mission or objective of any business. It identifies a proper target to meet the objective, established current opportunities and constraints in the…… [Read More]
The advertising might be catchy, interesting, or cutting edge -- but in terms of what most clients care about, of making more money for a company, the results were uncertain, even in the minds of industry professionals. orse yet, from the point-of-view of the marketing industry, the idea of cutting spending did not seem to automatically translate into lower revenue.
The research contained qualitative as well as quantitative data, which made the results even more industry from an insider's perspective. hile the Internet and availability of new media, as well as a widening of old media channels such as televisions' multiplicity of channels, another reason may be more recent. One respondent cited that halo effect of the Sarbanes-Oxley Act of 2002. His response centered on the difference the law was making in the way top managers run companies. He stated that "marketing as the last bastion of uncontrolled spending," in…… [Read More]
shapes, sizes, and attitudes. Morgan's (2006) various metaphors provide the opportunity to creatively envision an organization using various points-of-view. A diverse analysis of an educational institution using different lenses prevents the type of narrow-minded thinking that can prevent long-term organizational success. In this class, I have learned how to think differently about public schools from a structural, cultural, social, and political perspective. I have been able to strategize solutions to specific problems. By envisioning my organization in various ways, I have become more capable of creating meaningful change. The insights gleaned in this course also contribute to organizational problem solving and collaboration in mitigating crises like the ones we experience with at risk youth.
This class has helped administrators to conceptualize their roles and their organizations in constructive ways. The primary text, Morgan's (2006) Images of Organization has been tremendously helpful and will become a mainstay in the…… [Read More]
Green Pet Store
For any business, it is important to have a mission and/or vision, because these will set the firm's strategic direction. The mission statement lets the stakeholders know why the company exists (Khatib, 2008). The vision statement provides a vision of the future that can guide the company's actions. These both tie into the strategy of the company. For example, the pet food store that focuses on green pet supplies should have a vision and mission that reflects on the company's role in the pet food industry.
The mission statement for the company will be "To market ethical pet supplies, allowing people to promote their personal values through their pets." A good vision statement might be "To become the world's largest ethical pet supplies retailer." The business strategy is to market ethical pet products to the mainstream audience in the United States. The company would be differentiated from…… [Read More]
ebay: a blue ocean industry
eBay -- a Blue Ocean Industry
In 1995, the same year that Craigslist was born as a mailing list for announcing local events, Auction Web entered a market without competitors. A software engineer by trade, company Chairman Pierre Omidyar wanted to create a simple system for online trading of goods ("Meg," 2005). His wife, who had an interest in trading Pez candy dispensers, was one of the first customers. In three years time, trading was skyrocketing and Meg Whitman, from Hasbro, was hired as the CEO. Later in 1998, an initial public offering (IPO) made eBay a public company. Share value climbed steadily until the 2004 recession, as shown in Figure 1.
eBay Share Price
, June 9, 2005A company like eBay could not exist without the Internet, nor could it have grown so exponentially fast. In 1995, e-commerce was a twinkle…… [Read More]
The internal business processes perspective of the balanced scorecard highlights metrics that allow managers to understand how well their business is running. These processes should be tied closely to enhancing financial objectives, and should reflect a high level of congruence with the customer and learning & growth perspectives as well (BSI, 2013).
The organization's mission and vision should be the basis for this analysis. At Cattaraugus ehabilitation Center the focus is on improving patient outcomes and containing costs, so the metrics used in the internal processes perspective should reflect this. The first metric is to improve patient success rates. This has to be defined, but for each rehabilitation case there are specific objectives that are set within the industry based on medical science and industry knowledge. There is some leeway for medical staff to change the measures of success where unique circumstances arise. Thus, the first objective is…… [Read More]
Change Management Scenario
The contemporary business environment is rapidly evolving. Globalization has taken over the organization environment, and with this business is forced to undergo continuous and rapid change driven by increasing stakeholder expectations, new technological advances, and competition that is not only global, but viral (Bendell, 2005). This has resulted in a dramatically different business environment in which the modern business, in order to survive and prosper, is forced to evolve and regularly revise their internal and external business processes. Typically, aggressive and rapid change management systems germinate within the private sector -- only after trial and error, testing, and numerous permutations did they become standard within the public sector organization. This paradigm, however, changed in the late 1990s with a combination of rising client expectations to effectively address major socio-culture, economic, and demographic issues, and change in governmental oversight and minimal requirements pushed management in the public sector…… [Read More]
Elements of Business: Project Management
Postings to the Discussion Board
The Critical Path of PET charts
Successful realization of business goals of any organization, there has to be an efficient project management in control. Most performing organizations bare witness of how the good managerial functions and change has brought to them. The critical path will always entail the sequencing of duties and events, to ensure that a project is not delayed. The critical paths of most projects are designed in search a manner that the delay or acceleration of the entire project is determined by one activity. Once one activity is altered, it leads to the entire change of project timeline. The process of creating the critical path in most cases requires activity sequencing (Sawyer, 2009).
Prioritizing the correction of existing projects
In cases where the project has steps that follow a certain sequence, a certain task must…… [Read More]
Effect of External and Internal Environment
Organizations have both an internal and external environment. To begin with, the forces or circumstances within the borderline of the organization are the components of the internal environment. Notably, the internal environment comprises for the most part of the owners, employees, board of directors, stakeholders, and the corporate culture. On the other hand, factors that are extrinsic to the organization are the components of the external environment. It is imperative to note that these are elements that the organization bears no control of as they impact the entire the industry and therefore the organization cannot influence how such aspects will shape up (Nieuwenhuizen, Badenhorst-Weiss, and Rossouw, 2008). On the other hand, factors within the internal environment are those that the organization can control and have an effect on how they will turn out to be. The external environment is categorized into the general…… [Read More]
We spent a lot of time thinking about the investment into our fixed costs including the welding machine and work shed. During the design phase, we also evaluated the cost of each and every item that went into the manufacture of the lawn ornament. Knowing that the cost of every screw would affect the eventual price, we kept in mind the cost of other similar products on the market. For example, we noticed that similar lawn ornaments do not sell for much more than $20 and we therefore wanted to keep our product within that range. We differentiated our product because of its inclusion of familiar items in the manufacturing process, which offer a "green" look and feel to the ornament. For example, we painted washers white then used them as eyes instead of finding a supplier of specially-made eyes. This not only kept costs down, but was integral to…… [Read More]
The first step in doing proper legal research is to fully identify the legal issues. This involves determining what statutes are involved or what principles of common law might apply. This is where many researchers fall short and it is essential that the researcher fully identify the parameters of the case before beginning the research otherwise valuable time and effort will be wasted.
Once the legal issues have been identified the researcher is ready to begin the process of finding the cases that support the legal argument that he or she is attempting to formulate. This is where the value of the computer and internet comes into play. In today's legal environment this part of the process is greatly simplified and expedited. Unfortunately, amassing the necessary case law is only the first step and the only step where the computer is of any benefit.
After collecting the law that both…… [Read More]
Individual Contributions by a Cross-Functional Team:
Cross-functional teams have become important aspects in the modern business environment because of their role in enhancing integration and coordination, extending an organization's boundaries, and lessening the production cycle time during the process of developing new products. The formation of cross-functional teams is based on the effect of bringing people together from various disciplines to enhance problem solving and provide thorough decision-making procedures. The significance of cross-functional teams in an organization is that they strengthen a spirit of cooperation that eases the accomplishment of customer satisfaction and organizational objectives at the same time. As a result, cross-functional teams are beneficial to individuals on the team, the product, customers, and the entire organization (Weber, n.d.).
Since the cross-functional team consist of personnel from different disciplines such as engineering, supply management, and manufacturing, effective participation of and leading the personnel is crucial for effective execution of…… [Read More]
change management process within a project. Provide two specific reasons why having a structured change management process will improve the chances of success for a project. In at least 200 words, provide a comprehensive answer using your reading, knowledge and experience.
Every project must ultimately be implemented by human beings and serve human beings -- and yet, by nature, human beings are change-resistant. Change management is an important way to ensure that the change 'sticks' by creating buy-in for the change. Conveying a sense of urgency and the need for change is a vital component of enhancing change receptivity. People may use the excuse that they cannot handle the change to ensure that it does not work. "Just as the state of 'unconscious incompetence', needs to be developed into 'conscious competence' to provide a basis for training, so a person's subjective emotion needs to be developed into objectivity before beginning…… [Read More]
Leadership and Human esource Management in the Public Sector
The public sector consists of the section of the government, which attends to matters of production, ownership, sales, provision and delivery and allocation of services and goods to the government and the citizens of the state, nationally, regionally and locally. The public sector conducts activities such as delivering of social security services, overseeing urban planning and organizing the national defense among other services. The organizational structure takes various forms, which dictate the leadership formula of the countries sectors. Some of these forms of organization include the direct administration founded on the lines of direct taxation; in this form, the government does not have particular requirements but to meet the commercial success and production decisions of the country. Another structure of organization under public sector is the publicly owned corporations. These differ from the direct administration of the government as they have…… [Read More]
A Few Days in the Sun
We are all familiar with the process of negotiation: We have each been engaging in negotiations since we were young children asking to stay up just five more minutes before going to bed. However, despite the fact that by the time that we are adults we have each engaged in probably thousands of negotiations, few people have ever stopped to analyze exactly what goes on in a negotiation. This paper examines the steps of a negotiation that I myself was involved in. This negotiation centered on a vacation that I was trying to arrange with a small group of friends. The following analysis lays out the steps that are followed in a negotiation regardless of whether the topic is intrinsically inconsequential or momentarily serious.
Goals and Aspirations
The overall goal of this negotiation was to plan for a vacation for five friends that…… [Read More]
Generally, online students need to have a high level of self-motivation for their studies. Being aimed towards the adult, working student body, Strayer attracts students who are not motivated only by the subject matter of their studies, but also by what this can mean in terms of their self-development. This extra level of motivation is encouraged by the structure and aims of Strayer University. This relates to the individual needs and goals variable.
Each student entering the university has a specific goal for furthering their studies; they wish to improve their careers or themselves in some way. This serves as motivation to not only complete, but also to excel at their studies. This is so for both online and campus students. Lecturers in turn are motivated by the needs of these students to deliver excellence in the material that they offer learners, in order to ensure excellent student performance not…… [Read More]
Multinational firms must operate with some degree of independence in the different corners of the world, if only for practical reasons such as input procurement and the development of distribution channels. Political considerations have long had an impact on organizational structure decisions. In many nations, subsidiaries of multinationals must be joint ventures with local firms, or the multinational may find that business is difficult to conduct as the result of all manner of cultural differences, corruption and bureaucracy.
The matrix structure was developed as a direct response to changes in the external environment. Firms that moved overseas with multiple product lines found that managing these lines in different countries required both a product-based perspective and a geographical perspective. hen considering the geographic perspective, one can see that economic considerations play a significant role as well -- when China and Southeast Asia began to boom, "Asia" became its own reporting unit…… [Read More]
The Effects of Downsizing
A noted scholar recently assessed downsizing as "probably the most pervasive yet understudied phenomenon in the business world" (Cameron, 1994). While we have become numbed by the near daily accounts of new layoffs, a New York Times national survey finding is perhaps more telling: since 1980, a family member in one-third of all U.S. households has been laid off (New York Times, 1996). By some measures, downsizing has failed abjectly as a tool to achieve the main raison d'etre, reduced costs. According to a Wyatt Company survey covering the period between 1985 and 1990, 89% of organizations, which engaged in downsizing, reported expense reduction as their primary goal, while only 42% actually reduced expenses. Downsizing for the sake of cost reduction alone has been castigated intellectually as shortsighted and neglectful of what resources will be needed to increase the revenue stream of the future (Hamel…… [Read More]
A project is defined as a temporary endeavor, usually where a group of people and resources brought together to tackle a specific problem. Project management is necessary in order to ensure that the problem is solved, on time and on budget. Project management is often very task oriented, in particular placing emphasis on how to move through the different stages of the project in order to bring it to fruition. A given project will have a number of specific, finite objectives and a defined time frame. Success for the project will typically reflect whether or not the project's objectives, including that relating to the time frame, where met, which would define a successful project. If they were not met, then perhaps the project would be deemed unsuccessful (Githens, 2011). Where a project manager deals with conflict, it is usually interpersonal conflict or communication issues between members of the…… [Read More]
(Humans are often called 'social animals'). However, the test construct acknowledged the fact that no one is perfectly social or asocial but a mix of both characteristics. Extroversion and introversion are not necessarily either/or qualities, which has been one of the critiques of the Myers-Brigg assessment. In future forms of this extroversion inventory, creating a typology of different types of introversion and extroversion would be useful. For example, some people are very extroverted with friends, but are more socially reserved in a work context. Others are very introverted in the sense that they like to be alone, but can still 'get by' in social environments and perform like extroverts. It is also possible to be very confident speaking in public to large groups of people, but to feel more uncomfortable one-on-one, in personal social contexts.
Additionally, positive forms of sociability -- such as compassion -- and negative forms -- such…… [Read More]
Another major competitor in the Hong Kong market is COFCO (China National Cereals, Oils and Foodstuffs), which competes in the canned ready meal market and holds a 51% share there. All ready meals can be considered competitors for Tassal. COFCO is a Chinese brand with a major Hong Kong subsidiary. Another major competitor is Kraft, which markets a wide variety of all food products, including some ready meals (Market Research Centre, 2006).
The fragmented nature of the industry and the multiple distribution channels gives rise to an interesting industry dynamic. Firms can be intensely competitive, but for the most part they compete against one their own merits, rather than against one another. This allows new entrants to gain access to the market without significant backlash. ith multiple distribution channels available, there are many ways for firms to enter the Hong Kong market. Competition is based on a wide range of…… [Read More]
On the other hand, as I have mentioned in the previous paragraphs, bribery is one of the many compromises you are faced with in life. As in other cases, one can refuse to comprise and remain an ethical person, but with the risk of facing other losses. eing able to compromise, in any aspect, will help you to solve some problems easier, but you will probably remain ethically troubled. As an evaluation, small compromises should be acceptable and, in my opinion, bribery is a comparatively small compromise that one agrees to make.
According to one of the many definitions, intellectual property is "any intangible asset that consists of human knowledge and ideas" or "any product of the human intellect that is unique, novel, and unobvious (and has some value in the marketplace)." This generally refers to anything our mind creates that is unique, ranging from inventions to ideas, from perfumes…… [Read More]
'Little Skyscraper on the Prairie: A are Frank Lloyd Wright
Tower-One of His Most Bizarre Buildings Ever-ises High above the Oklahoma Plains.'
The Atlantic Monthly, vol. 302, p. 8.
Eger, J.M. 2006, March-April. 'Building Creative Communities: The ole of Art and Culture; a
Leading Authority on Information Technology Argues That Cities Must Nurture the Creative Potential and Community Engagement of Their Citizens.' The Futurist, vol. 40,
no. 2, pp. 18-20.
Jacko, J.A. & Sears, a. 2003. The Human-Computer Interaction Handbook: Fundamentals,
Evolving Technologies, and Emerging Applications. Mahwah, NJ: Lawrence Erlbaum
Kim, Y-M. 2011, September. 'Factors Affecting University Library Website Design.' Information
Technology & Libraries; vol. 30, no. 3, pp. 99-100.
Lee, B.C. & Wicks, B. 2010. 'Tourism Technology Training for Destination Marketing
Organisations (Dmos): Need-based Content Development.' Journal of Hospitality,
Leisure, Sports and Tourism Education, vol. 9, no. 1, pp. 39-40.
Mccabe, P.T. 2004. Contemporary Ergonomics 2004. Boca aton,…… [Read More]
Management and Theory
Leadership and coaching go hand in many ways because to coach is to lead, and to lead is to coach others. Indeed, leaders and coaches, whatever the title is really theoretical mentoring within the context of a particular organization or activity. For centuries, scholars and philosophers alike have been trying to find a specific and complete definition for coaching and leadership, but have not had much success. True, leadership is, in part, decision making at the nth level; while coaching takes that decision making and often compartmentalizes it into split-second action. In the era of gloablization, theoretical decision making this has become even more critical now that there are so many divergent cultural opportunities that require new skills, approaches, and even that allow coaching to occur not just in the physical environment, but in the virtual as well, with no regard for geographic or political boundaries (Drucker,…… [Read More]
Thee ae those that believe that qualitative eseach is the best fom of eseach, wheeas othes insist that only quantitative methods ae appopiate in a eseach envionment (CSU, 2004). Still othes ague that both appoaches ae useful and appopiate though one is often moe indicated than the othe depending on the exact phenomena being examined and the natue o intent of the eseach being conducted (Potte, 1996; Lee & Poynton, 2000).
Fed Kelinge once exclaimed that "thee is no such thing as qualitative data, eveything is eithe one o zeo," howeve his claim is counteed by anothe eseache, Campbell, who asseted that "all eseach ultimately has a qualitative gounding" (CSU, 2004).
Given the geat debate that exists, eseaches often find it difficult to detemine which stategy is best and which is most likely to be accepted by pees when pesenting a eseach pogam. Most eseaches would aggess howeve that qualitative…… [Read More]
While he supported me in my endeavors, he raised many questions, >Why do you want to enter social work? How do you think you are going to provide for your family and the lifestyle you are accustomed to?" Deferring to socialization pressures that still impel them to fulfill the "breadwinner" role and avoid feminine characteristics, they may segregate themselves from women in the profession, selecting specialties or positions that society deems as more appropriate for men (Williams, 1995). They too may emphasize the masculine aspects of their jobs to "reduce the dissonance between their professional and gender identities" and to justify their career choices (Christie, 1998, p. 506). Thereby, male social workers adhere more closely to the social definition of masculinity" (ritton, J. & Stoller M., 1998).
The young people who are trying to enter into a social work profession "hope to advance research and social work services for men…… [Read More]
There are several characteristic that are evident with the software system use in virtual collaboration technology. The first characteristic is that most of these tools are web based and are downloadable; they also have the ability to offer a text chat feature in real time, thereby allowing for the synchronous communication among various users.
The platforms also has VoIP functionality, thereby giving them the ability to transmit sound over the laid down internet infrastructure. The virtual collaboration platform has the ability to allow screen sharing. This therefore allows the individual users to allow their partners to have a look at what they are working on their screens in an instant. The platform must have a presentation facility that allows for the presentation of Power point slides to the audience. The system also has Whiteboard-Live annotation tools which provides the users with a whiteboard type experience and look with the added…… [Read More]
A study of e-government initiatives in Canada by Ayert, for example, found that, "Each department valued its own information system, its own database, and its own information culture. Malevolence was not involved; rather, the systemic goal was perceived through the departmental filter" (770). Moreover, despite mandates from the government's top authorities to develop seamless e-governmental systems and approaches to deliver services in an online setting, governmental departments engaged in a series of "turf battles" in order to protect their computer systems. In this regard, Ayert adds that, "Senior managers continued to hoard information and protect their own department's system. They declined to participate intensively with their peers in other departments, thus effectively ending the possibility of creating a new organizational culture cutting across departments" (770). In these types of environments, the cost savings that can be achieved using e-government techniques are not realized and the costs of administering governmental operations…… [Read More]
Project Management: Case Study in Managing a Complex Shipyard Project in Singapore
Background of Complex Shipyard Construction Project
Project Overview and Objective
ork Process of Building Construction
Issue Analysis in Shipyard Construction Project Management
Literature Review of Project Management
Issues in Scope Management
Methodology of Scope Management
Lessons Learned from Scope Management
Issues in Cost Management
Methodology of Cost Management
Lessons Learned from Cost Management
Issues in Human Resources
Methodology of HR Management
Lessons Learned from Human Resource Management
Case Study in Managing a Complex Shipyard Construction Project in Singapore
This paper introduces the special features of a completed shipyard project, together with its construction and human resource management processes as well. The organization of the paper provides an introduction to the topic, an overview and background of the In the first part, this project illustrates overview of the complex background of a complex ship-building project as…… [Read More]