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growing sales, Dakota Office Products saw its profit margin evaporate in fiscal 2000 as expenses became untenable. Anxious to restore profitability, Dakota Office Products (Dakota) turned to our firm in order to determine the culprit behind these runaway expenses. In order to do so, we looked to the financial statements provided to us by John Malone, General Manager at Dakota and spoke with Dakota's Controller, Melissa Dunhill, and Director of Operations Tim Cunningham.
Our findings revealed that Dakota had made several structural changes to business operations, as was revealed in an audit of Dakota's distribution center conducted by Mrs. Dunhill and Mr. Cunningham. A report written subsequent to the conduction of this audit demonstrated to us how expenses had been materially affected by several changes implemented by upper management, which included:
The Introduction of Desktop Delivery
The Introduction of an Online System for the Processing of Orders (Electronic Data Interchange.)…
MESIC's have been singularly unsuccessful, and have been deemphasized in recent years.
Related to this are: State-sponsored venture capital investments. Countries and regions invest in venture capital funds as Limited Partners, meaning that they have the same or similar financial returns as all other investors in a Fund. In many cases, such state investments require some conditions on the privately-run venture fund. The most popular conditions include:
fixed percentage threshold of investment in the region or country, or certain number of jobs to be generated by their investments, or Attracting a certain multiple of investment from outside the state or region into the fund, or Limiting the venture investments to the types of technologies and industries which are of greatest interest to that state or region.
Examples of the above can include the Indiana Futures Fund, in which the State of Indiana invested $100 million in several venture funds. Among…
Asen, R. "The Multiple Mr. Dewey: Multiple Publics and Permeable Borders in John Dewey's Theory of the Public Sphere." Argumentation and Advocacy, 2003: 174-182.
Balzac, M. "Recent Trends in the Research on National Innovation Systems." REPEC. November 26, 2007. http://ideas.repec.org/p/aug/augsbe/0254.html (Accessed November 28, 2007).
Birch, D.L. MIT Program on Neighborhood and Regional Change. Cambridge: MIT Press, 1987.
Christensen, C. The Innovator's Dilemma. Boston: Harvard Business School Press, 1995.
Finally, the universalizing stage is often referred to as enlightenment, or having achieved a true understanding of the nature of good virtue. (Fowler, 1995; p.p. 73-145).
Clearly, my personal ethical values are heavily influenced by my stage of personal development. As I continue to grow, my values will evolve and adapt to my new way of looking at the world. The way that defining moments influence me will also be controlled by my ethical level of development. However, having at least a conscious understanding of my level of development allows me to better understand my ethical influences, work to overcome the obstacles my ethical development stage creates, and better work to be a better employee and leader.
adaracco, Joseph L. (2002): Leading Quietly: An Unorthodox Guide to Doing the Right Thing. Cambridge: Harvard usiness School Publishing.
adaracco, Joseph L. (2006): Questions of Character: Illuminating the Heart of Leadership through…
Badaracco, Joseph L. (2002): Leading Quietly: An Unorthodox Guide to Doing the Right Thing. Cambridge: Harvard Business School Publishing.
Badaracco, Joseph L. (2006): Questions of Character: Illuminating the Heart of Leadership through Literature. Cambridge: Harvard Business School Publishing.
Fowler, James W. (1995): Stages of Faith: The Psychology of Human Development. New York: HarperCollins Publishers.
Gilligan, Carol. (1993): In a Different Voice: Psychological Theory and Women's Development. Cambridge: Harvard University Press.
Business Decision Analysis -- Cipla
Yusuf Hamied pioneered the Chemical, Industrial and Pharmaceutical Laboratories, which is more popularly known as Cipla, in India. The main function of Cipla was to reverse engineer some of the most demanded medications in the market and then reconfigure or re-synthesize them in a different manner (to avoid patent law suits) and sell them to the masses at affordable rates. The problem for Dr. Hamied, though, was a recent upgrade in patent laws that were meant to be applicable from 2005 in India. This new upgrade was being implemented on a global scale by the World Trade Organization (WTO) and was officially called Trade elated Aspects of Intellectual Property ights (TIPS) and it mainly required India to accept the patent laws with regards to pharmaceuticals and other intellectual inventions that had been standardized for over 2 decades. This would mean that a majority of the…
Deshpande, R. (2006). Cipla. Harvard Business School, President and Fellow Of Harvard College, 9-305-085.
hy does crafting strategy have a strongly entrepreneurial character?
Courtney (2) notes that in a rapidly changing environment, this year's indicators are not a good measure of what will happen in the future. Instead, there is a need to develop foresight. This involved looking to the future and spotting potential opportunities and potential threats before they are actually present. This is entrepreneurial in the sense that it involves looking to the future and seeing things before they are actually present. Crafting strategy also involves a new approach to business where the focus is on managing and risk and choosing the best kind of action, while there remains a level of certainty. These aspects of crafting strategy have a strong entrepreneurial character. Finally, crafting strategy requires vision and creativity. It differs from traditional management strategies because there are no certainties. Organizations cannot simply accept the environment as it is and…
Courtney, C. 20/20 Foresight: Crafting Strategy in an Uncertain World. Boston, MA: Harvard Business School Press, 2001.
Thompson, A.A., & Strickland, A.J. Strategic Management: Concepts and Cases. Boston, MA: Irwin McGraw-Hill, 2003.
There is one platform that supports the downloaders, however. Studies have indicated that downloading music for free actually helps sell music in the long run. The music industry cites fallen revenues for the last four years as evidence that illegal downloading is cutting into their profits. However, a study by two academic researchers finds that some people who download music illegally eventually purchase the music they have downloaded. A reporter writes, "In fact, illegal downloading may help the industry slightly with another major segment, which Oberholzer and Strumpf call 'samplers' -- an older crowd who downloads a song or two and then, if they like what they hear, go out and buy the music" (Silverthorne, 2004). However, the researchers also discovered that the majority of downloaders are teens and college students who have plenty of time to download, but do not always have the resources to eventually buy the music…
Editors. (2007). Minn. woman to pay for illegal music downloads. Retrieved from the NPR.org Web site: http://www.npr.org/templates/story/story.php?storyId=1503722320 Oct. 2007.
Editors. (2007.) Terms & conditions. Retrieved from the Napster.com Web site: http://home.napster.com/info/terms.html20 Oct. 2007.
Silverthorne, S. (June 21, 2004). Music downloads: Pirates -- or customers? Retrieved from the Harvard Business School Web site: http://hbswk.hbs.edu/item/4206.html20 Oct. 2007.
Business Source Premier (Nielson Library) deals marketing issues. The article current ( month). efer text chapter titles heading topic suggestions. Make include article attachment include UL I refer article.
Business Article Analysis
The article that is reviewed in this paper is titled "Off and unning: Professors Comment on Olympics" and presents certain important opinions on the Olympic games. The article presents the comments and opinions of important specialists that focus on marketing and business administration, like Stephen Greyser, John Macomber, and John Gourville. These are some of the most important professors at the Harvard Business School. The most important points of this article refer to the explanations these experts try to provide on the marketing success of the Olympics in comparison with other sports competitions. In addition to this, they try to identify some of the factors that determine the success of the organizers (Greyser et al., 2012). The pricing…
1. Greyser, S. et al. (2012). Off and Running: Professors Comment on Olympics. Harvard Business School. Retrieved August 14, 2012 from http://hbswk.hbs.edu/item/7072.html .
2. Blanding, M. (2012). Why Good Deeds Invite Bad Publicity. Harvard Business School. Retrieved August 14, 2012 from http://hbswk.hbs.edu/item/7001.html .
Employees are being rewarded for their honesty, and managers continue to encourage communication between supervisors and subordinates. Management is also looking for ways to encourage employees to tell the truth about other employees who may be involved in something dishonest or illegal (Jones, 1982). Not all employees will take advantage of this, of course, because some still believe that they will face punishment for being a 'whistle-blower', but there are laws in place now to protect the rights of employees who blow the whistle on other employees or their employers.
Employee rights have become increasing important over the last 20 years, and this is another area in which Enron had difficulties. Those people who advocate employee rights make two different arguments. The first argument is that tougher laws and regulations are needed to ensure that employees get the rights that they deserve. It cannot be left up to the companies…
Bernstein, S. (2000). "Shell in Nigeria." Business Students Focus on Ethics. Eds. Ryan, Leo V., Wojciech W. Gasparski, & Georges Enderle. New Jersey: Transaction Publishers.
Donaldson, T. & Gini, a.R. (1984). Case Studies in Business Ethics. 2nd ed. New Jersey: Prentice-Hall.
Garrett, T.M., and Klonoski, R.J. (1986). Business Ethics 2nd ed. New Jersey: Prentice-Hall.
Goodpaster, K.E. (1984). Ethics in Management. Boston: Harvard Business School.
PGE "Introduction and How it Fits into MB"
The development of this plan is critical for the enhancement of my MB studies. In this study, I will try to develop a "for profit" (as opposed to non-profit) company to compete in the U.S. food industry. My organization will be a C Corporation in order to raise money from ngel investors and perhaps Venture Capitalists as we grow. It is my understanding that VC's and ngels prefer C Corporations for a myriad of reasons, but most importantly because of the flexibility of the different classifications of stock that C Corporation afford to its shareholders. In addition, the rationale behind choosing this company is based on the concept that sweet treats and refreshments seem recession proof, and that people will always use their disposable income for sugar or refreshment in. I saw on CNBC a documentary on Coca Cola, which…
Although Marshal Healthy Foods will show improvement over other retailing organizations in the present economy, its reputation and image are genuinely influenced by criticisms from environmentalist and labor unions. Marshal Healthy Foods is likely to be accused of various claims on distinctive issues such as bad working conditions, issues pertaining to child labor, wage issues and discrimination (Manian, 2007).
Marshal Healthy Foods will have internal labor relations issues besides confronting some outside threats postured by the economy and its rivals. Since Marshal Healthy Foods will have constantly great sales performance, certain areas are expected to be affected by sales problems. The sale of some areas is likely to decline from 5% to 15% all through the pastries line. This decline will not harm traditional pastry retailers like La Baguette Bistro but hurt the sale in Marshal Healthy Foods.
business pertains to what that business does and what it is, as a whole. The kind of philosophy it has, the products it makes or services it provides, and the all-encompassing theme o the entire business make up its definition (Sullivan & Sheffrin, 2003; Swarming, 2006). The mission and goals, however, are only a part of that business definition. The goals are specific, concrete, and attainable, and they keep the business moving forward (Christensen, 1997). They can be made public, so the community has an idea of what the business wants to accomplish, or they can be kept private. Either way, they have to be realistic, and they must be worked toward steadily and revised at various intervals until they are achieved. Then, new goals can be set that build on the original goals the business had. The mission of the business is its statement to the public about the…
Christensen, C.M. (1997), The innovator's dilemma: when new technologies cause great firms to fail, Boston, Massachusetts, USA: Harvard Business School Press
Dev, C.S. & Schultz, D.E. (2005). In the mix: A customer-focused approach can bring the current marketing mix into the 21st century. Marketing Management, 14(1)
Joshi, R.M. (2005) International marketing, Oxford University Press, New Delhi and New York
Guiltinan, et al. (1996). Marketing management: Strategies and programs. New York: McGraw Hill/Irwin
Strategic Planning in IT
IT Impact on Service Industry Performance
Implementation of IT Innovations
1992 U.S. VALUE-ADDED AND EMPLOYMENT BY INDUSTRY
AVERAGE ANNUAL GROTH IN GDP PER HOUR,
MAJOR SECTORS OF THE U.S. ECONOMY
Management TASKS IN BUREAUCRACY VS ADHOCRACY ORGANIZATIONS
This paper addresses the following problem statement: "ithout information technology (IT), a business will not be able to compete globally in any industry, nor in any market it wants to enter. It will not be able to effectively and efficiently optimize its success."
In order to evaluate this statement, a number of issues were examined. The rapid pace of technological change and the effects of technology revolution have launched the world into an era of organizations that are experiencing extraordinary growth in both the development and the dissemination of information and communications technologies. This paper reviews the current literature on the subject of the integration…
American Heritage Dictionary of the English Language, Fourth Edition. (2000). Houghton Mifflin Company.
Andreu, R., Ricart, J.E., and Valor, J. (1991). The Strategic Dimension of Transactional Information Systems: Some Organizational Implications. Journal of Information Systems, 1, 223-32.
Ansoff, H.I. (1965). Corporate Strategy. New York: McGraw-Hill.
Bailey, M.N. And Quinn, J.B. (1994). Information Technology: The Key to Service Performance. Brookings Review, 12 (3), 36+.
.....ethical dilemma you know of, and how it was dealt with by management.
Recently, Harvard Business School itself was involved in an ethical scandal when it turned out its dean might be involved in a gross case of conflict of interest (Galani, 2016). Conflicts of interest similar to this one at HBS happen often in organizations of all sizes. I was recently made aware of a case in which a local organization experienced an ethical dilemma involving a conflict of interest. One member of the board of directors had previously served on the city council, and still retained strong connections with the local community. Because the company was a real estate development company, the organization's leadership came under considerable pressure for what appeared to be a conflict of interest and corruption -- using the former councilman's political ties for facilitating development projects and accepting additional advice and contracts.
Business sustainability is about realizing the pathway to preserving and protecting profits, people, and the planet. It is expressed through a company’s focus on the triple bottom line, also defined as the management of financial, social and environmental risks, duties and opportunities. Firms that engage in sustainable practices typically have some form of corporate social responsibility (CSR) program or policy in place that allows them to support and promote initiatives that are considered to be important either to the communities in which the firm operates or else good for the overall environment as a whole. Sustainable practices that businesses focus on can include anything from “going green,” reducing one’s environmental footprint, protecting water supplies, promoting scholarships in communities where economic disadvantages are high, and so on. Engaging in sustainable practice is the essence of maintaining a commitment to culture and to one’s core values. This paper will define the term…
The existence and specialization of these three competitors materializes in the need for Creativity Sure to excel in the offering of the three types of products and services offered by challengers Karina Advertising, Falling Agency and Dorna PLC.
4.2 PEST Analysis
Political forces: The development of a full legislation within the advertising field has yet to become a complete process. ecent efforts have however limited the operations of advertising campaigns in the meaning of having eliminated all features that are not compatible with the product or which promise unrealistic outcomes, such as the tremendous loss of weight. Other issues regulated by the new laws refer to truth-in-advertising, product labeling requirements, online advertising and marketing, the advertising of specific products, telemarketing and direct marketing, and finally, regulations relative to environmental marketing (The Official Business Link to the U.S. Government, 2009). The new Obama administration has yet to take a new stand…
Chesbrough, H.W., 2003, Open Innovation: The New Imperative for Creating and Profiting from Technology, Harvard Business Press School, ISBN 1578518377
Fabozzi, F.J., Peterson, P.P., 2003, Financial Management and Analysis, 2nd Edition, John Wiley and Sons, ISBN 0471234842
Kellner, H., Heuberger, F.W., 1994, Hidden Technocrats: The New Class and New Capitalism, Transaction Publishers, ISBN 1560007877
LeClaire, J., 2000, Benefits of Advertising in Any Economy, Sign Industry, http://www.signindustry.com/management/articles/2002-10-31-JL-AdvertInDownEconomy.php3 last accessed on May 5, 2009
Businesses make decisions on a daily basis. Some of these decisions affect man people in the organization, where other decisions are minor and only impact a few people. A decision-making procedure based on sound information and data leads to effective conclusions. Today's fast-paced business environment demands the making of informed decisions based on critical thinking skills. It is our thinking that determines the extent to which we think through the implications of the decisions we make. It is our thinking that determines whether we can identify the assumptions we are making, and whether we should questions those assumptions. A number of different decision-making processes have been suggested. Depending on the type of decision faced, some techniques are more appropriate than others. As a supervisor for United Parcel Service, overseeing 40 individuals who must process and drive thousands of packages to the San Diego airport each morning at 6:30am, organization is…
Foreman, Charles W.L., "Modeling and Improving Human Decision-Making," from the Management Course for Presidents, 3-4.
Prokesh, S.E. "Unleashing the power of learning: an interview with British Petroleum's John Browne." Harvard Business Review, 75 (September -- October 1997), 146 -- 168.
Robinson, Alifantis, et. al. "Modeling and Improving Human Decision-Making with Simulation." Proceedings of the 2001 Winter Simulation Conference,
B.A. Peters, J.S. Smith, D.J. Medeiros, and M.W. Rohrer, eds.
J-Food has an opportunity to become the first one to shift in the "all-you-can-eat steak buffet" notion to grow into a market leader. The steady attractiveness of steak along with a perception of economy in buffet seems to be the perfect combination in foreign markets and is bound to produce the same results here (Clancy et al., 2000).
By analyzing the situation in the market, we have characterized groups into various subdivisions. The only exclusion comes when we characterize our subdivision for lunch. We strongly trust, and have observed, that a much widespread desire prevails for this lunchtime slot because our pricing is on the economical side and includes our J-Food's Specialty Beef burger. The following are our targeted subdivisions (Clancy et al., 2000).
* Age -- Aged, Baby-Boomers, youthful couples with children, and labor of all areas.
* Family Unit -- We will send requests to small…
Allen, E. And Fjermestad, J. "E-Commerce Strategies: The Manufacturer Retailer Consumer Relationship," Proceedings of the 5th Americas Conference on Information Systems, 2000.
Betts, M. "It's Official: There really is a 'Digital Economy'," Computerworld, June 2000.
Carter, B. "Dying Dot-coms, Dwindling TV Ads," The New York Times, December 18, 2000.
Clancy, K.J. And Kriegafsd P.C. (2000). Counter intuitive Marketing. The Free Press.
Penn is handled through the Wharton School, which also administers the graduate MBA program. Students take an intensive course load of business fundamentals, as well as credits devoted to traditional liberal arts degrees. That course load is indicative of the standard four- ear degree which is standard for other academic disciplines. That said the emphasis for the undergraduate business major is clearl designed to provide students with an education that is valuable to emploers from da one.
"Driven b the recession and one of the largest incoming freshman classes in the nation's histor, the business major is experiencing a surge in popularit among students" (Damast. a. September 24, 2009). Yet, the increased popularit of the business administration major underscores the long-term trend of the business degree.
Business has alwas been a popular major among undergraduates. In academic
ear 2006-07, the largest number of bachelor's degrees conferred was in business (21%),…
year 2006-07, the largest number of bachelor's degrees conferred was in business (21%), followed by social sciences and history (11%), education (7%), and health sciences (7%), according to the most recent figures available from the Education Dept.'s National Center for Education Statistics. (Damast. a. September 24, 2009).
The business administration student upon graduation can expect an extremely competitive salary. "According to a July report from the National Association of Colleges and Employers, the average starting salary for 2009 college graduates with bachelor's degrees in business increased less than 1%, to $47,239" (Damast. a. September 24, 2009). As the recession's lingering effects recede and economic growth returns, the job market for business school graduates should be one of the faster growing hiring segments. "The undergraduate business degree is now clearly on the path to respectability" (Bloomberg-Businessweek. May 8, 2006).
In discussing the business administration major it would be remiss not to mention the
E-businesses challenged create trust customers. People don't send money strangers . ead article: Mangiaracina,
When considering a business model for you company it is highly important to pattern it on that of other successful companies that are also based online. Jeff Beer's article "Outlook 2011: The new dotcom boom" provides several case studies of online companies with robust business models that have proven records of success. The unifying factor of all organizations mentioned, and the ones that provide the most tangible examples of success, Groupon and Twitter, is that their models are all based on solid marketing. One of the most critical elements of marketing for online businesses is to create a sense of community with one's customer base. Doing so in turn increases that customer base by readily involving more members of the general population as part of an organization's community. However, there are a set of management concerns…
Downes, Larry and Mui, Chunka (2000). "Unleashing the killer app." Harvard Business School Press. Retrieved from http://hbswk.hbs.edu/archive/1388.html
Hof, Robert (2003), "The eBay economy." Business Week. Retrieved from http://www.businessweek.com/magazine/content/03_34/b3846650.htm
Merrill, Duane (2006) "Mashups: The New Breed of Web App." www.ibm.com. Retrieved from http://www.ibm.com/developerworks/xml/library/x-mashups.html
Profit Zone: How Strategic Business Design Will Lead You to Tomorrow's Profits
In the book The Profit Zone: How Strategic Business Design Will Lead You to Tomorrow's Profits, author Adrian J. Slywotzky (1998) provides insight and information relevant to making a business work both in the present day and in the future. Traditionally, it was believed that market share was (and should be) nearly the only focus of a business, if that business was to be successful. In Slywotzky's (1998) book, however, there is more to the issue than just how much of the market the company has captured. Now, it is believed that the main focus should not be on the extent of the market share held by a particular company, but on the way that company treats, reacts to, and responds to its customers (Christensen, 1997). "Customer-centric" is the term being used, and it means a large and…
Christensen, C. The Innovator's Dilemma, Boston: Harvard Business School Press, 1997.
Elcock, H. Strategic Management, in Farnham, D. And S. Horton (eds.), Managing the New Public Services, 2nd Edition, New York: Macmillan, 1996.
Nag, R.; Hambrick, D.C.; Chen, M.-J. What is strategic management, really? Inductive derivation of a consensus definition of the field. Strategic Management Journal. Volume 28, Issue 9, pages 935 -- 955, September 2007.
Slywotzky, A.J. The Profit Zone: How Strategic Business Design Will Lead You to Tomorrow's Profits. New York: John Wiley & Sons Inc.; 1 edition, May 1998.
Accepting Client Assignments
Outstanding client service begins with a full understanding of the client organization, its business needs and the position to be filled. An AESC member should:
Accept only those assignments that a member is qualified to undertake on the basis of the member's knowledge of the client's needs and the member's ability to perform the specific assignment.
Disclose promptly conflicts of interest known to the AESC member and accept assignments only if all affected parties have expressly agreed to waive any conflict.
Develop an understanding with the client that, among other things, makes clear the organizational entity that is defined as the client organization, the fees and expenses to be charged, and any ongoing assurances or guarantees relating to fulfillment of the assignment.
Agree with the client concerning any "off-limits" restrictions or other related policies that govern when and how the member may recruit from the defined client…
Atkins, B. (2006) "Corporate Social Responsibility: Is it irresponsibility?," the Corporate Governance Advisor, pp.28-29.
Baker M.J. (2003) Business and Management research: How to complete your research project successfully. Argyll, Westburn Publishers.
Beach, Elaine 1999: The business of consulting - the basics and beyond. San Francisco, USA:
In other words, throughout the transition period, Onetech would create efficiencies and would consolidate its position. In the future however, it is recommended that the company moved towards a strategy of diversification, as this would better satisfy customers' needs, attract them and as such create market power for the firm (Markides, 2007).
The decision making process at Onetech
The decision making process at Onetech is quite intricate, revealing both strengths, as well as weaknesses. Decisions are for instance made at the level of the board and are based on the expertise gathered by the various major players in the firm. Still, the decisions are made by the executives, with little emphasis on the input which could be provided by the employees.
In order to better assess the decision making process at Onetech, it is appropriate to analyze it through the lenses of the rational decision making model. This model consists…
Cologon, D.R., Cohen, D.R., 2008, FileMaker Pro 9 Bible, John Wiley and Sons
Hage, M., 2007, A stakeholder concern towards an economix theory on stakeholder governance, Uitgeverij Van Gorcum
Jacobs, P.K., 2000, Minding the muse: the impact of downsizing on corporate creativity, Harvard Business School, http://hbswk.hbs.edu/item/1518.html last accessed on November 30, 2011
Markides, C.C., 2007, Diversification, refocusing and economic performance, MIT Press
Australian Company Outsourcing
Outsourcing of Australian Business
Supply chain complexity and risk have both increased to unprecedented levels in the past few decades. According to Murray, et al. (2011), "Market evolutions and increasing worldwide demand for products and services mean that supply routes will remain complex and ever-changing" (2011:2). As trade has become more global, the scope and reach of partnerships in many industries has expanded. Value chain complexity has increased bringing about a greater need for deeper understanding of the contexts in which these entities carry out their work Firms have become more specialized and -- de facto -- more interconnected. In the course of its quotidian work, a multinational firm may find that it has also swept a wide variety of working conditions, infrastructures, and philosophies into the value chain formula. A new term for this sort of loosely coupled and self-organizing network of independent firms is extended…
100 Great Supply Chain Partners Issue. (2009, July 24) SupplyChainBrain Magazine, Keller Publishing. Available at: http://www.supplychainbrain.com/content/general-scm/quality-metrics/single-article-page/article/100-great-supply-chain-partners-issue/
Bolton, JM, Tse, M, Russell, JS, Tang, M, Dawar, S, and Inagaki, M. (2006).
Farrell, JP (2008, April 9) What is the Extended Enterprise? Available at: http://jpfarrell.blogspot.com/2008/04/extended-enterprise.html
Gattorna, J (2006) Living Supply Chains, John FT New York, NY: Prentice Hall. Proceedings of the 2011 International Conference on Industrial Engineering and Operations Management
DK's BBQ estaurant
Improving Sole Prop Business
DK's BBQ estaurant
DK's BBQ estaurant
Business organizations have to keep themselves abreast of the changes in their business environment. In order to sustain in a challenging environment and achieve competitiveness in the industry, they have to ensure operational excellence and superior financial performance with each passing day (Attaran, 2004). With the evolution of Globalization and rapid advancements in the field of Information Technology, businesses find it quite harder to compete with the other industry participants with the help of their traditional business operations and processes (Kurtz & Boone, 2011). It has become a need of the present times to institute latest technological processes and systems in the business so that a traditional stone-age firm can operate like a competitive firm (Diorio, 2002). From purchase of raw material to the production, marketing, and sale of final products; each and every step in the…
Attaran, M. (2004). Exploring the relationship between information technology and business process reengineering, Information & Management, 41(5): 585-596.
Diorio, S.G. (2002). Beyond "e": 12 ways technology is transforming sales and marketing strategy, 1st Edition. New York: McGraw-Hill.
DK's Restaurants, (2012). About. Retrieved on October 3rd, 2012, from
Indulska, M., Green, P., Recker, J., & Rosemann, M. (2009). Business Process Modeling: Perceived Benefits, Lecture Notes in Computer Science, 5829 (1): 458-471.
Business Strategy Reprot
Background to Company
Woolworth Limited is the food and takeaway liquor retailer in Australia, often colloquially known as Woolies' and going by the slogan 'The fresh food people'. It operates in every Australian state and territory. Offshoots are Woolworth's online (Homeshop) which allows uses to purchase food over the Internet and Woolworth's Liquor a department of Woolworth's supermarket stores (IRIS Tasmania, November 2007).
Woolworth Limited has to follow government rules and regulations. The political factor involved in this situation is creating both opportunities and a threat for Woolworth Limited. It is an advantage in that it affords Woolworth a diverse work crew since the Australian government applies the Fair Work system that requires that employees and other staff receive maximum weekly hours, protections from unfair dismissal of employee, flexible working roaster, balance between work and family life, and advance notice of termination and redundancy…
"Woolworth Limited" www.woolworthslimited.com.au. Retrieved October 22, 2010
"Woolworths online." 2010-06-11. http://www.homeshop.com.au/. Retrieved 2010-06-11.
"Woolworths Limited - Half Year Presentation HY10" (PDF). 2010-01-28. http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01041760 . Retrieved October 22, 2010
international business expansion process.
International recruitment and selection brings a number of challenges for business organizations. They not only face difficulties in hiring the desired skillful staff from the host country, but may also have to deal with severe financial and cultural diversity issues. Through this research study, an effort has been made to highlight the major challenges and issues which make the international recruitment and selection process more complex and challenging for multinational organization.
The research report starts with an ample introduction to the esearch question and proceeds by highlighting the core objectives of the research study. The research question clearly states the major objective of this research study in a quite precise and succinct manner. The most important section of the research report is Literature review which has been written after a comprehensive research from a number of academic and industry journal articles and books; most of which…
Ashamalla, M.H. 1998, International Human Resource Management Practices: the Challenge of Expatriation. CR, 8 (2): 54-63.
Andeason, A.W. 2003, Expatriate Adjustment to Foreign Assignments. The International 6 tyJournal of Commerce and Management, 13 (1): 42-60.
Andersen, T.M., & Svarer, M. 2006, Flexicurity -- the Danish Labor Market Model. Available from [Accessed July 26th, 2012]
Baudler, C.R. 2011, Employee Engagement: Through Effective Performance Management by Edward M. Mone and Manuel London, Personnel Psychology, 64 (3): 813 -- 816.
contract between society and business are, in fact, changing in substantial and important ways. Business is being asked to assume broader responsibilities to society than ever before, and to serve a wider range of human values...In as much as business exists to serve society, its future will depend on the quality of management's response to the changing expectations of the public."-from an editorial in Business Week Magazine
Discuss the social contract between society and business, and the arguments for and against corporate social responsibility. What is the purpose of a business? In your discussion be sure to focus on how Milton Friedman, Charles Handy, and Kramer/Porter differ in their answers to that question. Explain why Corporate Social Responsibility is a useful perspective and strategy for a corporate leader and manager to evaluate changes in social expectation and the resulting potential effects on the business (current & potential) by the changed…
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…
Instead, it is seen as an essential tool that can help a variety of organizations to be able to increase their revenues and productivity. (Singh, 2009, pp. 1 -- 10)
At the same time, the use of social software has meant that many corporations have been reaching out to employees. This is because they are seeing how this can help to: improve collaboration and communication. One of the biggest problems that a number of different organizations around the world have faced; is that coordinating their various departments can be challenging. The reason why, is due to the fact that globalization has meant that a number of companies must establish numerous offices around the world. In the past this was problematic, because many organizations had trouble communicating with other offices around the globe from: issues such as differences in the time zones. This made it more challenging to communicate and monitor…
Cook, N. (2008). Enterprise 2.0. Burlington, VT: Ashgate Publishing.
Cross, R. (2004). Breaking the Mold. Boston, MA: Harvard Business School Press.
Kennedy, M. (2009). Trust in Social Networking. Social Networking Communities and E-Dating Services (pp. 225 -- 238). Hershey, NY: Information Science Reference.
Kerno, S. (2008). Limitations of Communities and Practice. Journal of Leadership and Organizational Studies, 15 (1), 69 -- 78.
Services Marketing Strategy eport
The airline business is among the most competitive sectors in the economy. The business requires the investors to invest huge amounts of capital to sustain the operations of the business. The difference in the capital available has resulted into emergence of superior airline companies that have dominated the global market. The airline companies are mainly a service delivery oriented offering transport for passengers and language.
The airline company under evaluation is Singapore Airlines. The company was incorporated in 1947 originally as Malayan Airways Limited. With the help from British Commonwealth airlines, the company increased its fleet size to become among the major players in the airline industry. The company has a strong presence in Asia, which is the major market. The company operates trans-Pacific flights, which increase revenue. The company also diversifies its operations to provide services like as aircraft managing and engineering services (Lee &…
Beiske, B. (2007). Loyalty management in the airline industry. Mu-nchen: GRIN Verlag GmbH.
Capon, N., & Hulbert, J.M. (2007). Managing marketing in the 21st century: Developing and implementing the market strategy. Bronxville, N.Y: Wessex Inc.
Chary, S.N. (2009). Production and operations management. New Delhi: Tata McGraw-Hill.
De, L.C. (2003). The Rough guide to Malaysia, Singapore and Brunei. New York: Rough Guides.
Starwood hotel chain expand their business into Kazan market?
Kazan is one of the largest cities in the epublic of Tatarstan in ussia. With a populace of just one, 143, 546 recorded for the year 2010 in the earlier results of the national Census, it ranks as the eighth most populated city in ussia and was branded as the third capital of ussia in 2009. Subsequently, it has also been dubbed as the sports capital of the region. The importance of the city can be recognized from the recent level of importance it has been given by the ussian government as it continues to increase the economic strength, foreign investment and trade for the country.
As technology brings the planet closer together, more businesses have become multinational corporations (MNC) and have included in a method in their administrative policies to strengthen their market share and profits. The success to become…
Abesser, C. (2010). Open-loop ground source heat pumps and the groundwater systems: A literature review of current applications, regulations and problems. British Geological Survey.
Becker, B.E., & Huselid, M.A. (2006). Strategic human resources management: Where do we go from here? Journal of Management, 32(6), 898-925.
Bjorkman, I. And Schaap, A. (1994) 'Outsiders in the Middle Kingdom: Expatriate Managers in Saudi Arabian-Western Joint Ventures', European Management Journal, 12(2): 147 -- 53.
Black, J.S. (1990) 'The Relationship of Personal Characteristics with Adjustment of Japanese Expatriate Managers', Management International Review, 30: 119 -- 34.
HBS Case Study: The Springfield Nor'easters
HBS Case Study: The Springfield Nor'easters
Minor league baseball teams can be a potentially lucrative source of revenue in the right market. As going to major league games becomes increasingly expensive, more and more people, particularly parents who want their children to have the experience of going to a live baseball game, are increasingly turning to minor league games as a way of filling the gap (Cespedes, Lovelock, & Winig, 2008, p. 3). Springfield is a large city in Massachusetts and because of the Boston ed Sox, Massachusetts has a very strong baseball culture but the city was still a significant drive from Boston. It had many college students as well, another potential fan base. This case study revolves around the creation of a minor league team known as the Springfield Nor'easters. The team has been created as a way…
Cespedes, F. V., Lovelock, V. & Winig, L. (2009). The Springfield Nor'easters: Maximizing revenues in the minor leagues. Harvard Business School Case Study.
Creating Organizational Value through the Integration of Information Technology: A Management Perspective
Change Management and the Construction of a eceptive Organization
Transformational and Participative Leadership
A Decentralized Organizational Culture
Effective Utilization of esources
Performance Monitoring Systems
isk Management and Support Strategies
When considering the ever-changing and highly competitive global landscape of business today, firms must stay at the cutting edge of their respective fields in order to sustain profitability in the long-term. With the current exponential growth of technology and the computerization of business and learning, consumers and investors have become much more connected to the businesses they patronize (Kurzweil, 2001). Accordingly, companies are faced with the continuous task of finding new ways to understand and subsequently accommodate the needs of those customers and shareholders, while simultaneously securing lucrative business models and job environments. In doing so, businesses must be able to efficiently integrate and utilize various sources of…
Aladwani, A.M. (2001). Change Management Strategies for Successful ERP Implementation. Business Process Management Journal, 7 (3), 266-275.
Anthony, S. (2010, May). Three Critical Innovation Lessons from Apple. Retrieved July 26, 2011, from http://hbr.org/anthony/2010/05/three_critical_innovation_less.html
Antonelli, C. (2000). Collective Knowledge Communication and Innovation: The Evidence of Technological Districts. Regional Studies, 34 (6), 535-547.
Ashkenas, R., Ulrich, D., Jick, T., & Bossidy, L. (2002). The Boundaryless Organization: Breaking the Chains of Organization Structure. United States: John Wiley and Sons.
Both companies realized that business processes had a direct effect on organizational performance.
Wang's article is a persuasive piece of research regarding the usefulness of the BSC as a strategic management tool for analyzing the effectiveness of business re-engineering efforts and documents the relationship between the organization's business processes and the achievement of organizational goals. Wang utilizes two top companies, Acer and Compaq, in his case studies, companies with a plethora of data at his disposal, for this analysis. In addition, he has chosen an industry which is hyper-competitive as well as ever-changing, making it one of the most challenging industries for organizations to thrive in.
Given the extreme nature of these organizations, strategic management tools, such as the BSC, are even more important in ensuring success.
The primary weakness in this study is the use of second-hand data as the sole basis for the research. Wang's study…
Wang, Jui-Chi. "Corporate Strategic Management and Business Re-Engineering Effort Analyzed by the Balanced Scorecard Model." Journal of American Academy of Business, Cambridge. 10(1) Sept 2006: pp. 102-109. ProQuest database. ProQuest. University of Phoenix, Phoenix, AZ. September 22, 2006 http://proquest.umi.com .
Leadeship Skills Impact Intenational Education
CHALLENGES OF INTERNATIONAL EDUCATION
Pactical Cicumstances of Intenational schools
THE IMPORTANCE OF LEADERSHIP IN EDUCATION
What is Effective Leadeship fo Today's Schools?
Challenges of Intecultual Communication
Challenges of Diffeing Cultual Values
Impotance of the Team
Cuent Leadeship Reseach
APPLYING LEADERSHIP IN AN INTERNATIONAL SETTING
Wagne's "Buy-in" vs. Owneship
Undestanding the Ugent Need fo Change
Reseach confims what teaches, students, paents and supeintendents have long known: the individual school is the key unit fo educational impovement, and within the school the pincipal has a stong influence upon the natue of the school, the conditions unde which students lean, and upon what and how much they lean. Despite this ageement about the cental ole of the pincipal, thee is little eseach concening the chaacteistics of pincipals associated with effective leadeship and with pupil accomplishment, and even less insight…
Allen, K.E., Bordas, J., Robinson Hickman, G., Matusek, L.R., & Whitmire, K.J. (1998). Leadership in the twenty-first century. Rethinking Leadership Working Papers. Academy of Leadership Press. http://www.academy.umd.edu/scholarship/casl/klspdocs/21stcen.html
Bennis, W.G. (1997). "The secrets of great groups." Leader to Leader, No.3. The Peter F. Drucker Foundation for Nonprofit Management. http://www.pfdf.org/leaderbooks/L2L/winter97/bennis.html
Crowther, F., Kaagan, S., et. al. (2002). Developing Teacher Leaders. Thousand Oaks: Corwin Press.
Alcohol and usiness Ethics
Introduction moral society is built on the basis of a number of unspoken, but generally agreed upon social issues. A moral society generally applies the maxim "treat others in the way you would like to be treated" and this proverb, although it's heard more frequently in the school play yard than in the corporate boardroom, should affect business decisions which affect the community at large. Some would say that operating a business within legal boundaries is not an accurate measure of an ethical business. Within the past few decades, advertising has become the focus of ethical pressure. The 'Joe Camel' cartoon character developed as a spokesperson - mascot for the camel cigarette was pulled after community outrage that the furry, cute character was likely an attempt by the company to market their addictive and destructive products to children.
A tremendous pressure has been brought to bear…
Carson, S. (1995) The Nature of a Moral Business Person. Review of Business, Vol. 17.
Cappel, J., and Windsor, J. (1999) A Comparative Study of Moral Reasoning. College Student Journal, Vol. 33.
Cummings, Christian. (2001) Alcopops. Fm4.org Accessed 25 March 2004. Available from: (http://fm4.org.at)
Don't join the alcopop generation (2001, May 21) U.S. News & World Report.
Small Business Scalability
Scalability can be delineated as how easy or simple it is for a business to grow and extend its business model and at the same time cultivate its revenues substantially devoid of similarly increase its level of costs incurred. Scalability is of great importance to small businesses. In relation to the fixed costs and expenses, the revenues of small businesses have the potential to rise exponentially and as a result, scalable businesses have an offering for more profitability and huge growth prospects. On the other hand, cash flow encompasses the money that moves into and out of a business, which as a result has an influence on the liquidity of the business. Line of credit encompasses the amount of credit that a business or entity as a borrower is extended to. The purpose of this paper will be to discuss the significance of credit lines and cash…
Central Bank. "Small businesses must understand the importance of cash flow." 2016. Retrieved 31 March 2016 from: https://www.centralbank.net/Pages/Learning-Center/Business-Resouce-Center/Small-businesses-must-understand-the-importance-of-cash-flow/
D&B. "Why small businesses should manage their business credit." 2016. Retrieved 31 March 2016 from: http://www.dnb.com/content/dam/U.S./dnb/legacy/small-business-manage-business-credit.pdf
LeBlanc, Jeanette. "What Is Scalability in Business? 5 Keys for Success." Infusion Soft. 2014. Retrieved 31 March 2016 from: http://learn.infusionsoft.com/growth/planning-strategy/what-is-scalability-in-business/
Mills, Karen, and Brayden McCarthy. "The state of small business lending: Credit access during the recovery and how technology may change the game." Harvard Business School General Management Unit Working Paper15-004 (2014).
Catalina in the Digital Age
Catalina was in the business of printing off coupons for consumers at grocery stores as they waited in the check-out line. Once finished checking out, the Catalina printers would print off a slew of coupons based on the personal shopping habits of the consumer. Consumer Packaged Goods (CPG) firms/retailers paid Catalina handsomely for this service -- much more (about 10x more) than that paid to loose-leaf coupon distributors in newspaper ads pages. Catalina put personalized coupons directly in the hands of buyers based on shopping history. Catalina's personalized shopping records of consumers was one of its biggest assets, and its ability to print off coupons in more than 30,000 retail stores across the U.S. made it a force to be reckoned with (Dolan, Karmarkar, 2014, p. 1).
However, the advent of the digital age brought a new challenge to the company. Should it embrace the…
Dolan, R., Karmarkar, U. (2014). Catalina in the Digital Age. Harvard Business School.
urgent need for leaders in today's business environment to effectively manage organizational change in order to keep up with the competition and create greater value for their organizations. Very often, they have to come up with new strategies and business models to improve products and services. It is, therefore, imperative for them to understand various models of organizational change to determine which will work well for their organizations and which will give the desired results. This text takes a look at four models of organizational change: the Expanded Change Model, the Seven S-Action Word Model, the People Mover Change Model and a model that focuses on environmental influences. It establishes why the People Mover Change Model is the best among the three, and also identifies the key differentiators.
Initiating and Leading Organizational Change: The People Mover Change Model
Given the dynamic nature of the current business environment, a leader's management…
Dyer, A., Freeland, G., Gunby, S., & De Tar, C. (2011). Leading Transformation: Conversations with Leaders on Driving Change. Boston Consulting Group. Retrieved from https://www.bcgperspectives.com/content/articles/leadership_transformation_leading_transformation/?chapter=1&pageNumber=2
Edgehouse, M.A, Edwards, A., Gore, S., Harrison, S., & Zimmerman, J. (2007). Initiating and Leading Change: A Consideration of Four New Models. The Catalyst, 36(2), 3-12. Retrieved from http://search.proquest.com.proxy-campuslibrary.rockies.edu/docview/221741371/69DED0EB490F4415PQ/1?accountid=39364
Kotter, J.P. (2008). A Sense of Urgency. Boston, MA: Harvard Business School Publishing
Lawler, E.E. & Worley, C.G. (2006). Built to change: How to achieve sustained organizational effectiveness. New York, NY: Jossey-Bass.
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…
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.
The market analysis is provided in Table 2.
Table 2: Market Analysis
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…
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.
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…
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.
The success of any business enterprise depends on a multitude of crucial factors, one of them being the ability of its administrators to communicate in a clear and effective manner. The quality of business communications therefore, having a direct impact on the economic act, is hereby studied at four specific levels, as follows:
Interpersonal business communication
Conflict management, and last
Inter-cultural business communication
Interpersonal business communication
Melinda Knight starts her 2005 article at the premise that efficient business communications at the managerial level are quintessential for the overall success of the enterprise. Yet, despite this generally accepted notion, the managers have little actual training of interpersonal communications during their formation in universities or other non- U.S. MBA programs. While some programs have some unaligned courses of interpersonal communications in the business settings, other programs do not include the subject in their curricula at all. Knight asserts the…
Agndal, H., (2005) Current trends in business negotiation research, Stockholm School of Economics, http://swoba.hhs.se/hastba/papers/hastba2007_003.pdf accessed on March 23, 2016
Beckers, A.M., Bsat, M.Z. (2014) An analysis of intercultural business communications, Journal of Business & Behavioral Sciences, Vol. 26, No. 3
Corkindale, G., (2007) How to manage conflict, Harvard Business Review, https://hbr.org/2007/11/how-to-manage-conflict / accessed on March 23, 2016
Hynes, G.E., (2012) Improving employees' interpersonal communication competencies, Business Communication Quarterly, Vol. 75, No. 4
Perhaps they're put off by the cracked floor tiles or the cobwebs on the headless, foam-rubber mannequins. Whatever the reason, the store's rock-bottom prices and helpful service clearly aren't pulling in many shoppers" (Fairlamb and Cohn, 2003).
After nearly a decade of trying to penetrate the German market, Wal-Mart counted its losses and exited Germany. A Wal-Mart spokesman argued that, despite the million dollar losses, the experience was a positive one as it represented a turning point and a lesson for the future. The lesson was that in spite of its national success, Wal-Mart is vulnerable in the international context (Lander and Barbaro, 2006). Similar situations are also encountered in Asia, and the question that is being posed here refers to the future strategies Wal-Mart could implement in order to reduce its vulnerability and increase its position in the global context.
Two recommendations are of vital importance when…
Fairlamb, D., Cohn, L., October 6, 2003, a Bumpy Ride in Europe, Business Week
Featherstone, L., December 16, 2002, Wal-Mart Values: Selling Women Short, the Nation, Vol. 275
Featherstone, L., June 28, 2004, Rollback Wages! Will Labor Take the Wal-Mart Challenge? The Nation, Vol. 278
Greenwald, R., (Director), 2005, Wal-Mart: The High Cost of Low Price
Business Plan: Classic Clothes
Classic Clothes is a non-profit community service organization that services the public by providing free clothing and household products to women and children and distributing them through various agencies and programs that target these populations throughout London. Our services include providing coats, gloves, and business attire for women entering the workforce, school supplies, and basic household items for women and children at, or just-below the poverty line, or those identified as "at risk." Classic Clothes receives support from charities in the surrounding area and corporate sponsorships. Classic Clothes also solicits local organizations for donations, especially organizations that are in the clothing industry, business attire, and organizations that supply general household items.
According to statistics 25% of women in the UK live in poverty; 22% of women have persistently low income (osenblatt & ake, 2003). Single mothers and women are most at risk for poverty, requiring the…
"Care costs make 44% of women quit work." London Evening Standard. Retrieved August 8,
Nichols, Tim. (2011 May). CPAG Press Release: Child Poverty. Child Poverty Action Group.
Retrieved August 8, 2011:
2. What have you learned from a mistake?
Of course, even as I speak with great pride of my accomplishments, I can quite easily recall some of my more humbling moments. Without question, and especially in the complex and fast-paced world of global finance, one is bound to make a mistake.
And quite often, if one is to truly learn a lesson, the mistake might very well have been fairly huge and costly. Certainly mine was.
While working at Deutsche Bank, I in advertently placed an incorrect order when buying shares for a client. Naturally, when the client encountered the mistake in his account, he became very angry and expressed this anger to his Relationship Manager at the bank. When I learned of the incident, I was horrified of course. But I immediately approached the Manager and explained that it was my error which had triggered the client's anger. I…
If the economy has not grown, it is certainly not the result of poor monetary policy response, given that the Fed's policies under normal conditions would have resulted in significant economic growth. Fiscal policy, therefore, has clearly been inadequate. Indeed, little of his has been attempted in recent years and the current path of "sequestration" is contractionary.
The product that I have selected is headphones. The global market for headphones can be difficult to reach, since the retailers are going to be different for each country. Thus, the strategy for going global has to involve going to one country at a time. Exporting is the best method of market entry in this situation, because the company does not need to set up a subsidiary in any country until the country has proven receptive to our headphones. e are simply selling to importers, who handle the rest of the…
Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine. Retrieved May 5, 2013 from http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
Clark, M. & Saade, R. (2010). The role of small business in economic development of the United States. Working Paper. Retrieved May 5, 2013 from http://www.sba.gov/advocacy/7540/12143
Weisbrod, B. (1988). The nonprofit economy. Harvard University Press. Cambridge, MA.
Riley, G. (2012). Fiscal policy effects. Tutor2U.net. Retrieved May 5, 2013 from http://www.tutor2u.net/economics/revision-notes/a2-macro-fiscal-policy-effects.html
Therefore, many of those whose homes are most at risk are victims of their need to live beyond their realistic financial means, mainly for the sake of living up to a social image and impressing their neighbors.
In principle, the issue pointed out by Einstein applies equally to "overly ambitious" first home buyers in the half-million dollar range as to Wall Street debt traders for whom that same amount represents the price of water craft more than primary residences. Obviously, the comparison was not something completely foreign to me before, but the words of Einstein impressed the idea on me in a more meaningful way nevertheless, especially in combination with some of his other observations, such as:
The aim (of education) must be the training of independently acting and thinking individuals who, however, can see in the service to the community their highest life achievement.... Never regard your study as…
Crown (1982) Albert Einstein: Ideas and Opinions
School esponse to Student Suicide: Postvention
The emotional impact on family and friends following an adolescent suicide - and the school's response to a suicide - has not been the subject of the same level of intense research as have: a) the causes of suicides; and b) programs to prevent suicides. However, there is now an emerging body of solid research on what protocol a school can put into place, to be more prepared in the unfortunate circumstance of a teen suicide. Indeed, on the subject of tragedy, in the aftermath of the terrorist attacks of September 11, 2001, many schools and communities re-tooled their crisis/response plans for dealing with such threats. And yet, in many ways, the sudden, inexplicable death of a student can cause serious psychological ramifications to fellow students on a part with the shockwaves following an attack by terrorists. And hence, this paper analyzes literature that…
American Association of Suicidology (2003). Remembering Our Children:
Parents of Suicides, A Memorial to Our Precious Sons & Daughters. http://www.angelfire.com/mi2/parentsofsuicide/page1.html
Bratter, Thomas Edward (2003). Surviving Suicide: Treatment Challenges for Gifted, Angry, Drug Dependent Adolescents. International Journal of Reality
Therapy, XXII, 32-36.
In contrast with the mutual funds, 'Mutual funds trade hundreds of stocks in many unrelated industries, with very little of the total portfolio in any single stock. By contrast, when a company expands into a new area, its portfolio consists of two stocks, typically 90% in the core operation and 10% in the new businesses' (Tirole, 2005). The diversification in majority of the cases is responsible for lower return and maximal risk factor. esearchers have observed that there is possibility of higher failure rates and lower returns for unrelated acquisitions than for related acquisitions. When the company acquires businesses in their own industry, it is observed that lowest failure rates and highest returns phenomenon occur. The reason why the diversification into unrelated business is considered to be risky is that the corporate is unfamiliar about the industry itself, and therefore the corporate is likely to overlook critical risk factors during…
Montgomery, C.A. Corporate Diversification. Journal of Economic Perspectives. 1994. pp. 165
Tirole, J. The Theory of Corporate Finance. Princeton University Press. 2005
Yang, L. What Has Motivated Diversification: Evidence from Corporate Governance? 2005.
Uner Kirdar and Leonard Silk. People: From Impoverishment to Empowerment. Oxford University Press. 1995.
When the Davis-Beacon Act was developed it was established in order to stabilize the construction industry as well as promote fair wages. The way that the Davis-Beacon act is interpreted today in regards to prevailing wages, they tend to drive the price of the labor up unnecessarily causing tremendous expenses for the government. It also tends to promote unemployment because of the high price of the labor while discriminating against minorities in the construction industry. This act needs to be looked at again and amended so that it is more appropriate for today's times. Government expenses are at an all time high and having this act adding to those expenses is unnecessary. The act needs to be revised as to make free market competition available in the construction industry when it comes to government contracts. This would help to eliminate the excessive spending, the unemployment and the discrimination that is…
Contracts for materials, etc., exceeding $10,000; representations and stipulations. (n.d.).
Retrieved June 30, 2009, from Cornell University Law School Web site:
Davis-Bacon and Related Acts. (n.d.). Retrieved June 29, 2009, from U.S. Department of Labor
Differentiation and Positioning
Strengths and Weaknesses of Venture
Market Opportunities and Threats
Essentials of financial Plan
Pro forma income statement
Pro forma Balance Sheet
Assessment of isk
Machinery & Equipment
General Operating Hours
Flow of order for goods and services
The paper is a business plan for a new business which is aimed to create a new product in the U.S. market. The paper discusses the various aspects of the business plan. It includes the market analysis, operational plan, marketing plan, financial plan and the risks associated with the business.
I would like to introduce the readers to the…
Barnard, Chester The function of the executive, Harvard University Press, Cambridge Mass, 1938,-page 235.
Bent Flyvbjerg, Mette K. Skamris Holm, and Soren L. Buhl (2002),"Underestimating Costs in Public Works Projects: Error or Lie?" Journal of the American Planning Association, vol. 68, no. 3, 279-295.
Eric S. Siegel, Brian R. Ford, Jay M. Bornstein (1993), 'The Ernst & Young Business Plan Guide' (New York: John Wiley and Sons)
Hamel, G. & Prahalad, C.K. "The Core Competence of the Corporation," Harvard Business Review, May -- June 1990.
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…
Driver, M. (2011). An Interview with Michael Porter: Social Entrepreneurship and the Transformation of Capitalism. Retrieved from http://amle.aom.org/content/11/3/421.full
Gibson, P. (2011). Shared Value. Business and the Environment, 22(3), 1-4.
Porter, M.E. & Kramer, M.R. (2011). Creating Shared Value: How to reinvent Capitalism-and
Unleash a Wave of Innovation and Growth. Harvard Business Review. Retrieved from http://www.hks.harvard.edu/mrcbg/fellows/N_Lovegrove_Study_Group/Session_1/Mich
COBIN - PACIFIC
Corbin Pacific, Inc. is a California-based company, whose mission is to produce best motorcycle accessories in the world through innovative designing and high quality manufacturing with a customer oriented approach.
Mike Corbin, Founder and President of the company started this company back in 1968 by producing motorcycle seats in his garage. Over the past three decades, the company has come a long way. It now has more than 90% market share in the motorcycle accessories. Its product line includes motorcycle seats (also called saddles), bags, fenders and other small accessories of a motorcycle. The company has a patent on using 'integrated molding technology' to manufacture motorcycle seats.
In 1998, its annual revenue was over $15 million and employed 154 associates. The company has its offices and manufacturing plant in Hollister, California with a major showroom in Daytona Beach, Florida..
Since its inception, Corbin-Pacific has identified…
Berry, Tim. (2004, July 20). A Standard Business Plan Outline. Retrieved on October 6, 2005, from http://www.bplans.com/dp/article.cfm/26
Corbin Motorcycles Seats and Accessories. http://www.corbin.com/
Harvard Business School. (1999, July 16). Corbin-Pacific (9-800-022).
A favorite target for conspiracists today as well as in the past, a group of European intellectuals created the Order of the Illuminati in May 1776, in Bavaria, Germany, under the leadership of Adam Weishaupt (Atkins, 2002). In this regard, Stewart (2002) reports that, "The 'great' conspiracy organized in the last half of the eighteenth century through the efforts of a number of secret societies that were striving for a 'new order' of civilization to be governed by a small group of 'all-powerful rulers.' The most important of these societies, and the one to which all subsequent conspiracies could be traced, is the Illuminati founded in Bavaria on May 1, 1776 by Adam Weishaupt" (p. 424). According to Atkins, it was Weishaupt's fundamental and overriding goal to form a secret organization of elite members of Europe's leading citizens who could then strive to achieve the Enlightenment version of revolutionary social…
American Psychological Association. (2002). Publication manual of the American Psychological
Association (5th ed.). Washington, DC: Author.
Anderson, J. (1981, 1723). The charges of a Free-Mason extracted from the ancient records of lodges beyond the sea, and of those in England, Scotland, and Ireland, for the use of the lodges in London: To be read at the making of new brethren, or when the master shall order it. Reprinted in The Radical Enlightenment: Pantheists, Freemasons, and Republicans, by M.C. Jacob, 279-285. London and Boston: Allen & Unwin in Harland-
Jacobs at p. 237.
Unless this model is fundamentally reformed as to take into account the overall health of the planet, the prospect of a sustainable future looks grim.
Hawken, P., Lovins, A., & Lovins, H.L. (1999) Natural capitalism: creating the next industrial revolution. Boston: Little, Brown.
Heuer, M. (2010). Foundations and capstone; core values and hot topics; ethics-lx; skytech; and the green business laboratory: simulations for sustainability education. Academy Of Management Learning & Education, 9(3), 556-561.
Hirshberg, G. (2008, June 16) Stirring it up: how to make money and save the world. Wall Street Journal. etrieved on 21 Nov., 2011, from http://online.wsj.com/article/SB121330973266469601.html
Johnson, M.W., & Suskewicz, J. (2009). How to jump-start the clean tech economy. Harvard Business eview, 87(11), 52-60.
Marcus, A.A., & Fremeth, A.. (2009). Green management matters regardless. Academy Of Management Perspectives, 23(3), 17-26.
Morgan, L. (2011). Green job training in prisons benefits everyone. Corrections Today, 73(2), 34.
Hawken, P., Lovins, A., & Lovins, H.L. (1999) Natural capitalism: creating the next industrial revolution. Boston: Little, Brown.
Heuer, M. (2010). Foundations and capstone; core values and hot topics; ethics-lx; skytech; and the green business laboratory: simulations for sustainability education. Academy Of Management Learning & Education, 9(3), 556-561.
Hirshberg, G. (2008, June 16) Stirring it up: how to make money and save the world. Wall Street Journal. Retrieved on 21 Nov., 2011, from http://online.wsj.com/article/SB121330973266469601.html
Johnson, M.W., & Suskewicz, J. (2009). How to jump-start the clean tech economy. Harvard Business Review, 87(11), 52-60.
outhwest Airlines (WA) has been a strong growth company for the last 40 years mainly due to its focal point on cutting costs. outhwest Airlines (WA) follows the Cost Leadership trategy in terms of Porter's four generic strategies and is the epitome of Blue Ocean trategy in its simultaneous pursuit of differentiation and low cost (Kim & Mauborgne, 2009.
That WA is cost-focused is evident from Liang et al.'s (2009) analysis of strategies that a company uses to differentiate itself. A successful company stands out by its association in the public's mind, and WA certainly stands out. Rollin King and Herb Kelleher's objective was: "If you get your passengers to their destinations when they want to get there, on time, at the lowest possible fares, and make darn sure they have a good time doing it, people will fly your airline" (The Rise of outhwest Airlines) and its name,…
Southwest Airlines SWOT Analysis- http://www.businesstune-ups.com/Southwest-Airlines-SWOT-Analysis.html
The Rise of Southwest Airlines
Marketing Challenges for Small usinesses
This research paper is about building and marketing a small business. While marketing plays an important role in the day-to-day running of a small business it's also about planning for its long-term development, which requires multi-dimensional objectives beyond mere cost-per-sale. The emphasis of marketing is on understanding the diversity of consumer behavior, implementing segmentation strategies, cultivating consumer-oriented definitions of innovations, adopting a policy of continual improvement and exploring every opportunity to broaden their industry. Small business can now compete in a global marketplace with big businesses, thus making a significant contribution to the national economy. The Internet offers small businesses a worldwide structure of business promotion.
Although customers and their needs are the focal point of the marketing process, few companies start with this in mind. Invariably somebody had a good idea for a product or service and this became the initiative to start the…
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American and Chinese Business Cultures
Though there is no universally accepted definition, culture denotes a set of values, beliefs, traditions, practices, attitudes, and behaviors shared by a given group of people (odrigues, 2009). Culture defines a people's way of life -- how they do things, communicate, behave, relate with one another, and so forth. Culture theory, especially Geert Hofstede's cultural dimensions theory, illustrates that cultures tend to vary from country to country or region to region (Hofstede, 2001). These differences imply that norms, behaviors, attitudes, and other elements of culture differ across countries or regions. For instance, the culture of Americans tends to differ from that of the Chinese, Africans, or Arabs.
Culture permeates every aspect of society -- from organization and social relationships to communication and business. Business is especially influenced by culture. Culture affects how organizations are structured and managed, how employers relate with employees, how decisions are…
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Internet & Electronic Marketing
Website & Business Model
Target Market & Consumer Behavior
Building & Maintaining Customer elationships
F. ecommendations for Website Improvement
Pace University is a comprehensive non-profit university that offers its educational services to online students and to the more traditional brick-and-mortar student. As the university competes with global universities, the web presence must convey the value and quality of the education as well as enable the student to make an effective impact on the professional or academic world. The career services center at the university is one of the best at providing Co-op job services to its undergraduate population, the ability to find these positions is available online through the university's joint venture with the Experience Network.
Pace has delivered value to its customers by providing the opportunity to leverage either the online or brick-and-mortar education into an internship at a major company…
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Cultural school focuses on the culture of the individual entities that form the organization. Culture, it asserts, drives the organization's judgment and operational strategy resulting in differences such as between a Japanese and American organization.
In contradistinction to the power school that places the loci on the individual as well as the entrepreneurial school that does likewise (this time on the leader), the cultural school insists that individuals are a homogenized whole, their decision, beliefs, judgments, and actions formed by their specific culture. In this way, therefore, to understand an organization necessitates understanding its culture. Organization culture -- the premise of the cultural school -- is, oftentimes, understood as collective cognition since a deeply rooted culture produces closely interwoven interpretations and activities.
Content and Process.
Culture is ineradicably part of the individual's makeup. His or her perspective on the world is shaped by this culture, and since organizations are a…
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