The global recession that hit the business world and to some extent the private sector saw unprecedented migration of employees across companies predominantly due to the uncertainty in the job security that from factual sacking or laying off by the organizations. Many people looked at the rate of unemployment and loss of jobs and even without proper prompting opted to jump ship. This trend of attrition became so common across the world and one of the most noted cases was in the Indian manufacturing industry. Amazingly, the trend of attrition in India was geared towards the software industry, a trend that left many managers and managements in dilemma of how to arrest it.
It is a commonplace in India to see people with barely any software acquaintance thirsting to be software engineers, people who can hardly spell the word Java are all flooding into the field. This paper…… [Read More]
Manageial challenges in today's business wold affect both the non-pofit and fo-pofit entities in simila mannes. Though oftentimes these challenges may also affect the entities in diffeent ways; conside fo instance, the ecent tsunami and eathquake events in Japan. Many of the Japanese non-pofit entities focused on what needed to take place to help individuals, families and victims to ecove fom the devastating occuences. The leades of these entities wee faced with the devastating effects that ae the human element of most natual catastophes. Leades in the business community, though they too see the human side, have a focus moe on the business side; what it takes to get the business up and unning again.
Leades fom both sides ealize that neithe is moe impotant than the othe, and oftentimes thei goals and objectives ae tightly intewoven. Theefoe it behooves the leades of both types of oganizations to display leadeship…… [Read More]
VHA Managerial Challenge
In recent years, the United States Department of Veterans Affairs has experienced a great deal of challenges ranging from lack of accountability and lack of employee apprehension to mismanagement of finances. In particular, a key managerial challenge that the VA faces today is the lack of timely provision of health care to veterans across the nation. Increased wait times at the various VA medical facilities are a key hindrance to obtaining timely medical health care. These protracted wait times have led to hindered accessibility to health care, which causes severe and abrupt occurrences, disability and death of the patients. There is need to assimilate financial and operational decision making to efficaciously meet this challenge and enhance organizational performance. This is because the agency caters to more than six million patients who require health care and benefits. To begin with, there is need to provide funds to employ…… [Read More]
From a project management standpoint, delegating these funds is a
significant concern. The recent history of government financial
mismanagement, has caused the public some rightful wariness as these
massive bailout plans come to fruition. The Obama Administration must
devise a strategy which ensures that these bailout funds are designed to
protect American homes, stimulate job creation and help to improve the
infrastructural stability of the nation. The administration has the
unenviable task of prioritizing the countless areas of civil life in which
the U.S. is currently struggling with debt and the erosion of resource.
This requires a management approach that is informed by crisis planning and
Another way to successfully plan the delegation of funds and resources
as yielded by the bailout is through information systems management.
Modern IT Systems such as the Enterprise Resource Planning (ERP) system
allow users to enter in a complex…… [Read More]
Price: The customer will be able to choose from a wide variety of prices, starting with $15 and ending with $2,000. The average retail price is of $100.00 a bottle of specialty wine, with an average fixed cost per bottle of $50. The $50 difference allows me to reduce the retail price if I find this is necessary to attract customers. I could also implement various pricing strategies, such as the penetration one in the beginning and the variable one after the penetration.
Break-Even Analysis: It sees that I would start making profits after I sell 8 bottles of wine. This would not however be true if I sell 8 bottles of the cheapest wines. The implemented price and the incurred costs once again allow me to joggle.
Industry Features: This may be one of the most important aspects of the new business, mostly given the recent talks and figures…… [Read More]
Managerial Expectations for Technology at QVC, Inc.
During the early 1990s, tens of millions of American consumers gained access to cable television and a number of retailers took note of this technological innovation by launching cable television programming featuring their products. These new shopping venues quickly became enormously popular with many consumers because of their convenience, value and wide range of merchandise. One of the companies that emerged from this initial foray into unknown marketing waters was QVC, Inc., which has used emerging technologies to grow its business in innovative ways. To determine how managerial expectations for technology have affected QVC's growth in recent years, this paper provides a review of the relevant literature concerning past expectations as well as how current technologies are meeting the company's business needs. A summary of the research and important findings are provided in the conclusion.
eview and Analysis
By the early 1990s, nearly…… [Read More]
Identification of the problem
The company has decided to create an intermediate position in the company, somewhere between the management team and the employees. In this new position, the person that will be occupying it will report directly to the owners and will have a free hand conducting performance reviews for the managers involved in the respective system.
The main issue in discussion here is whether to choose between two of the company's employees, Mrs. Lee or Mr. Washington, who have both applied for this position. This is a serious issue, as it is most likely that the future performance of the company and the way this system is likely to work in the future will depend on the person's abilities to cope with the challenge, to conduct performance reviews and, at the same time, report to the owners.
The new position has become a necessity…… [Read More]
The company that I am going to write about is Apple, Inc., which designs and markets personal electronics devices, software and accessories. Apple is known for its strategic control systems, both in terms of behavior control and information control. Chapter 9 notes that there are two different approaches to informational control, the traditional approach and the contemporary approach. The traditional approach compares performance against standards while the contemporary approach requires continuous monitoring of the internal and external environments and then adjustments to strategy where needed (Chapter 9). Chenhall (2003) notes that firms often weigh the environment, the industry, the technology and the size and structure of the firm when considering which strategic control systems they want to implement. In the case of Apple, these factors have led it to an informational control system that can reasonably be classified as contemporary. The company's industry is characterized by short product…… [Read More]
76), ROE has ranged from 21.6% to 28.3% in recent years, with the 2007 figure being 25.6%. This reflects outperformance of both the industry and the market. The ROA has exhibited similar outperformance of both industry and market. The return on assets for JNJ over the past several years has ranged from 13.1% in 2007 to 17.l% in 2005. The industry five-year average is 8.85% and the market five-year average is 7.50%.
Net Income increased despite decline in revenues
Growth in each business segment
R&D expense growing slower than revenues
2-year upward trend in net income
Upward trend in cash levels
Upward trend in cash flow from operations
Current ratio 46.36% higher than industry
Interest coverage 80.09% higher than industry
Net margin 14.04% higher than industry
Return on Equity 1414.79% higher than industry
Return on Assets 48.02% higher than industry
Decline in revenue this year (1st…… [Read More]
This brings about a certain superiority from all Islamic people, here including the Algerian one. On the other side, the current Algerian government is a laical one, which does not limit the individual creed of the Algerians.
This superior air that may characterize Islamic culture in general may sometimes be considered a weakness if we sustain the idea that underestimating your opponent or your partner may be one of the mistakes that leaders sometimes make and that most often brings their downfall.
riefly referring back to the World ank, we may consider that there are several sub-cultures within this organization. However, in my opinion, this is less an existence of organizational sub-cultures, but more of individual or national cultures that come together and interact within the World ank. I am referring here, for examples, to the officials and civil servants working for the organization, and to the lobby groups that…… [Read More]
This is because this thesis has some limitations that should be observed when taking into consideration the importance of the thesis and its assistance. This thesis has concentrated on a subject that has been an extremely large and leading one, that is, the managerial impact on small businesses and the underlying reasons being reluctance shown by small business managers to make use of information technology and Internet. Undoubtedly, this characterizes an extremely difficult assignment for research in spite of the more precise interests that the thesis might have. This wide-ranging and difficult subject has been analyzed from a somewhat limited experimental perception. The choice of the single thesis design obviously draws out numerous limitations in so far as the simplification of the outcome of the thesis is involved. Consequently, the thesis setting can simply be termed as a sort of direct framework of the past and present trends in the…… [Read More]
Most of these historical leaders were usually from the upper classes with a few of them from lower classes having the opportunity to lead. Consequently, this led to the idea that leadership had something to do with proliferation. This theory was also based on the assumption that leaders are born and not made (Cherry n.d.). This is the belief that leaders are excellent people, born with intrinsic qualities and destined to lead.
The concept of the Great Man is also based on the notion that in times of need, a Great Man would arise, almost supernaturally. These Great Man theories regularly depict great leaders as heroic, mythic and predestined to rise to leadership when needed. Leaders are not figureheads we put in place because we need to know that someone is in charge. They are people such as Churchill and Eisenhower who arise in time of great need.
The historical…… [Read More]
The weighted average cost of capital is as follows:
In a net present value analysis, the cost of capital is often used as the discount rate. A net present value analysis seeks to reflect the value today of cash flows in the future. In order to do that, the future cash flows must be discounted back to present day dollars. There are a number of different ways to obtain the discount rate. The company might utilize a hurdle rate that they choose given their own reasons. Another approach is to use the rate associated with the financing that the firm wants to use -- for example if it intends to issue a bond it might use that bond rate as the hurdle rate. However, the weighted average cost of capital (ACC) is one of the most common.
The ACC is often adjusted to suit the risk profile of…… [Read More]
Multifactor Leadership Questionnaire
The MLQ was developed in the 90s to evaluate the level of transformational leadership, the level of transactional leadership and the level of laissez- faire (nontransactional) leadership, encompassing thus the three important dimensions of leadership. In the end, the MLQ is supposed to make assumptions about the leadership style one may have.
The MLQ-6S is a smaller version of the original questionnaire and has a total of 21 statements, judged according to their frequency on a scale from 0 to 4 (not at all to frequently, if not always). In my opinion, the first factor shows whether you have true leadership qualities, including the charisma that any efficient leader must possess. You have scored your highest score here, 11 (I think it should be11 and not 23, since there are only three statements to be summed, 1, 8 and 15), as you have scored highest…… [Read More]
Managerial Accounting Can Help Managers With Product Costing
Organizational success depends on manager's decision-making prowess. Management functions encompass Organization, Planning, Control and Direction, each requiring access to established, and well organized and presented data. Managerial accounting that comprises of different facets of accounting measures helps access to data for identifying, analyzing, and deciding on long-term and short-term measures towards business sustainability and profitability.
Accounting, in earlier times was restricted to and for external sources -- market, supply and end-users. Presently, its importance to internal operations (especially works, manufacturing, services etc.) has widened the scope to address both internal and external audience and sources. This has helped create a pragmatic feedback system for the managers to rely on.
Cost accounting and management accounting go hand-in-hand although the latter takes into account both revenues and cost while the former considers only costs for its calculations. Thus, management account allows the flexibility of…… [Read More]
Multicultural Challenges and Opportunities Facing iordan Manufacturing: An Application of Theory
Globalization continues to be a buzzword for business today as it has been for the last several decades, and with good reason -- the pace at which the world is becoming ever more interconnected through business and economic ties has only increased as technology has continued to close the practical gaps between different peoples and regions of the world. A message that might have taken weeks or months to send around the globe a century and a half ago was steadily reduced to mere minutes through the growth of telegraph and then telephone systems; radio and then satellite technologies made communication even faster for those that had the resources to make use of such innovations. Now, with the Internet a ubiquitous feature in households throughout the developed world -- and increasingly in countries that are still developing…… [Read More]
There are many more challenges involved in the development of forecasting models and the development of predictive analytics as they relate to the impact of both CoffeeTime's and competitor's advertising spending. The following are additional considerations in the development of more thorough predictive analytics and statistical forecasting models of the Indian market for CoffeeTimes' beverages and sandwiches:
Advertising spending increasing overall market growth or cannibalizing competitive sales? This is a major question that needs to be addressed through more econometric modeling, specifically looking at the aggregate impact of industry-wide spending on increasing the total market size for served coffee in key segments of the market vs. forcing consolidation of the market and cannibalization of sales. This dichotomy of market direction could best first be tested from the standpoint of attempting to predict aggregate demand and consumption for coffee in India for three to five years. Next taking the approach of…… [Read More]
This has an effect on: the kind strategy they are using to achieve their objectives, the attitude among employees / managers and how quickly a firm can adapt to changes inside the marketplace. ("usiness Success in Today's World," 2009)
Alternatives that can be used in Organizational Planning
One possible alternative that could be used to help provide businesses with better reporting is for them to begin using International Financial Reporting Standards. This is when the largest economies in the world, agreed to work together to create universal budgeting procedures that everyone can use by 2014. The basic idea behind this approach is to improve transparency and accountability, by having all of the various firms following widely accepted accounting practices. Once this occurs, is when there will be a shift in the way organizations are planning for a host of events. As a result, this kind of approach should be considered…… [Read More]
Managers and Their oles: An Essay
Management is an art of coordinating the main activities of any organization, enterprise, company (Merriam-Webster). It is considered as one of the most demanding vocations of the existing era. In the olden times, there was not much competition since the population was very less and there were abundant resources. Hence, people used to work honestly and hard. The main reason behind their honesty and efforts was that in that time period, there were not many options and if one got fired from their place of employment, chances of getting another job real were next to nothing and a responsible individual wouldn't do anything like that to risk his or her livelihood and the survival of one's family. So the supervisors or managers didn't work hard to plan and streamline the workforce. Times have changed and the competition has grown increasingly stronger; today,…… [Read More]
(Schroeder, 2011) ("What you can and must do to stay Secure," 2011)
How the Costs of Various Risks are evaluated prior to and after Decisions have been made
The way that costs are evaluated is based upon the total expenses to the company and the impact that it will have on their profit margins. This is achieved by conducting a cost basis analysis and then determining if this procedure will help to directly address the various risks facing the business. Once this occurs, is when everyone can see how a particular action will help the firm to realize its operation goals. (Schroeder, 2011) ("What you can and must do to stay Secure," 2011)
After this is when, the management will have a series of different reviews conducted that will determine the overall nature of the threat. At which point, there will be specific recommendation and adjustments made to the company's…… [Read More]
To achieve these objectives there are several tools that are utilized to include: controlling the accounts payable, receivable, job costs and inventory through a series of ledgers. This is important, because it is showing how an organization can be able to use these ideas to help improve productivity and efficiency. This is the point that the operating margins of the firm will begin to decline. Once this takes place, is when the company can most effectively adapt to changes inside the sector. (Stout, 2009, pp. 195 -- 217)
At the same time, we will be implementing a procedure that will control the cash flow of the project. This is designed to ensure that there are sufficient amounts of funding to address the needs of the division. While being able to, monitor where various expenditures are taking place. The way that this is accomplished is through looking at a number of…… [Read More]
Management STYLE IN THE United States
Cultural Values and Business
Theory X vs. Theory Y
Management the High Tech Way
Management STYLE IN THE DOMINICAN EPUBLIC
CULTUAL VALUES AND Business
ole of Entrepreneurship
In the United States, management values, beliefs and attitudes have undergone a gradual shift away from the simplistic stance of planning, organizing and directing. Valuable managerial skills, no matter what culture is being considered, have traditionally been masculine skills, highlighting the dominant, assertive, and decisive elements of management behavior and downplaying the team and supportive aspects that are more readily identified with women. This traditional view is now giving way in the United States to an approach where team behaviour is seen as increasingly important to a truly successful management style.
The global leadership skills of the future will evolve from a combination of individual/group and masculine/feminine traits involving strategic thinking and communication skills. The final result…… [Read More]
In the business actuality of the present day, where knowledge management together with intangible assets are fundamental sources of competitive advantage, the individual action and behavior of employees ranging from first-line personnel to management can facilitate the success or downfall of an organization’s reputation. This has a substantial effect on share value, the capability to attract and sustain consumers, investors, personnel, or clients, and the risk of violating compliance (Jamshidinavid and Kamari, 2012). Addressing business ethics and responsibility issues within a business entity begins the compliance of the pertinent legislations and codes of practice. As a provider of business needs with scarce resources, there is the need to have the capability to make a distinction between the appropriate and inappropriate way of taking expense into account when making decisions regarding practices and processes of clients. In the contemporary business setting, the role that is played by accountants is significant.…… [Read More]
Public Administration involves the implementation of policies of the government, and it is a term used to refer to the study of the implementation these policies and the training given to civil servants to prepare them towards that role (Dubois & Fattore, 2009). Public Administration has three different methods stemming out of distinct perspective of its function. These strategies include the managerial approach, the political approach, and the legal approach. Each of the mentioned approach emphasizes on different values, procedures and structures of how public administration functions. These approaches were theorized by Professor David osenbloom, who was a Public Administration scholar (Dubois & Fattore, 2009).
According to this approach, public administration is used in managing the performance of organizations to increase efficiency, effectiveness, and the economy of resources. This approach aims at making organizations successful. The key areas of consideration in this approach are leaders, managerial techniques, decision…… [Read More]
Foreign Policy of China (Beijing consensus)
Structure of Chinese Foreign Policy
The "Chinese Model" of Investment
The "Beijing Consensus" as a Competing Framework
The U.S.-China (Beijing consensus) Trade Agreement and Beijing Consensus
Trading with the Enemy Act
Export Control Act.
Mutual Defense Assistance Control Act
The 1974 Trade Act.
The Operational Consequences of Chinese Foreign Policy
The World Views and China (Beijing consensus)
The Managerial Practices
Self Sufficiency of China (Beijing consensus)
China and western world: A comparison
The China (Beijing consensus)'s Policy of Trading Specialized Goods
The versions of China (Beijing consensus)'s trade development
The China (Beijing consensus) Theory of Power Transition
Foreign Policy of China (Beijing consensus)
ACD arms control and disarmament
ACDA Arms Control and Disarmament Agency
ADB Asian Development Bank
ADF Asian Development Fund
APEC Asia-Pacific Economic Cooperation
AF ASEAN [Association of Southeast…… [Read More]
Limitations of Supervision and Leadership in the Workplace
The world has changed significantly in the last five decades or so. There have been tremendous technological advances, globalisation, political and regulatory changes, as well as socioeconomic shifts. As Mckinsey & Company managing director Dominic Barton puts it, "we are living in quite turbulent times" (Mckinsey & Company, 2011). These changes have presented new challenges for managers and leaders in the modern workplace. Two particularly important challenges that today's leaders grapple with are increased demand for workplace flexibility and the ability to inspire action. This paper focuses on these two challenges. The paper specifically focuses on the implications of the challenges on leadership, how the challenges reflect the society, how and why workplace supervision has changed over the last five decades, as well as the impact of the changes on strategic planning and the role of supervisors and leaders.
A major…… [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]
Auerbach Enterprises is facing challenges in making decision regarding the best option for their overhead rates. Previously, the company was using "company-wide predetermined overhead rates." (Auerbach Enterprises, nd).However, the Auerbach management is considering using the departmental overhead rates starting by next year. Objective of this paper is to use a series of calculation to determine whether the departmental overhead rates accounting principles will be profitable for the company. The first calculation is to determine the departmental overhead rates for the company using machine hours method. The departments will divide the total overhead costs based on the ratio of hours consumed.
Computation of the Departmental overhead rates using the machine hour's method
adiator Part Fabrication
80,000 / 10,000
adiator Weld Assembly, and Test
100,000 / 20,000
Compressor parts fabrication
120,000 / 5,000
Compressor assembly & Test
45,000…… [Read More]
Questions facing HR are anticipated to alter radically in the next years. Therefore, HR experts must play extraordinary functions in dealing with these alterations and must expand precise competencies to sustain these functions. orkplace elasticity is anticipated to be on the increase as the future workplace becomes more virtual. The virtual workplace is distinguished by imaginative and flexible work measures. As additional workers begin to work off there will be an augment in importance on presentation and consequences as opposed to the amount of time exerted. Additionally, off-site workers can anticipate attending smaller amount of meetings. Particular work will become much more mutual and administration will use almost all its time supervising cross-functional work groups who benefit from a lot of independence. Essentially, there will be an association, a trend towards a decentralized representation of HR. HR experts will have to provide workers in their virtual work places and find…… [Read More]
Aaron, H.J. 1994. Thinking About Medical Costs. Health Affairs, 13, 5 (winter): 8-13 in Hong, G-S and Kim, S.Y. (2000). Out-of-Pocket Health Care Expenditure Patterns and Financial Burden across the Life Cycle Stages. Journal of Consumer Affairs. 34. 2.
Acs, G. And John S. 1995. Trends in Out-of-Pocket Spending on Health Care, 1980-1992. Monthly Labor eview, 35-45 in Hong, G-S and Kim, S.Y. (2000). Out-of-Pocket Health Care Expenditure Patterns and Financial Burden across the Life Cycle Stages. Journal of Consumer Affairs. 34. 2.
Cote, J. And Latham, C. (2003). Exchanges between Healthcare Providers and Insurers: A Case Study. Journal of Managerial Issues. 15, 2.
Health, United States. (2003). Chartbook on trends in the health of Americans. HHS, Centers for Disease Control and Prevention (CDC). National Center for Health Statistics in Lesnik, J. (2006). Community Health Centers: Health Care as it Could Be. Journal of Law and Health. 19, 1..…… [Read More]
Managerial Challenge at Facebook
Marketing Problem at Facebook
Application of Project Management to Facebook's Marketing Problem
The Triple Constraint
Gant chart of the Project
Application of Operations Management to Facebook's Marketing Problem
Application of Information Systems Management to Facebook's Marketing Problem
Assignment of the Project Team
Work Breakdown including Critical Path
Facebook is one of the social media platforms that has transformed modern communications and become highly successful and profitable in the process. Throughout its operations, the company has remained successful and adopted suitable business strategies and initiatives. One of these initiatives is the recent initial public offering that was largely successful despite numerous challenges in initial stages. However, several events have taken place in the recent past and contributed to decline in the number of Facebook's users. This decline is a reflection of marketing and advertising problems at the company, which is a…… [Read More]
Another study found that there are many different strategies that are utilized when information technology is developed within the federal government and many of these tend to come not from the top managers but from the management instead (Gupta, Holladay, & Mahoney, 2000).
Much of this has to do with the fact that the top managers in the federal government are often political appointees and therefore know somewhat less about the inner workings of the organization when it comes to specific technological systems (Gupta, Holladay, & Mahoney, 2000). The middle managers are the ones who generally look for strategies to develop other types of information technology and are often comparable to the end users within other studies (Gupta, Holladay, & Mahoney, 2000). Unlike the managers who deal specifically with management information systems, or the other executive managers within the company, these middle managers actually understand many of the challenges and…… [Read More]
The tests of any type are being designed in order to choose individuals who will find it considerably easier to make way via the planned syllabus of study, and this is quite different from operating in the role of a manager in real life. This happens with several of the students and at certain stages in their lives, several students might find out that they are not being suited for the jobs for which they have been educated. This leads us to situations wherein we have nuclear physicists taking up totally different careers as painters or that of musicians. The personality of a student is considered to be very delicate and developing and still in its infancy stage and while the person is a student, there are many influences like from parents, from teachers, of the images of life which education might give to him. What most of the advisors…… [Read More]
Interrelated Managerial Stages in Strategic & Organizational Planning
Five elements of strategy: Starbucks
Stage 1: Vision, mission, and values-setting
Starbucks' original mission was to bring a neighborhood coffee house to every location in the U.S., in the style of Italian cafes. It emphasized quality to a greater degree than any existing coffee brand available to the general public at the time of its birth. There are lower-priced coffees and higher-quality coffees on the market, but Starbucks attempts to offer an affordable luxury and a home away from home to its patrons. From the beginning, "Howard Schultz strongly believed that Starbucks' success was heavily dependent on customers having a very positive experience in its stores. This meant having store employees who were knowledgeable about the company's products, who paid attention to detail, who eagerly communicated the company's passion for coffee, and who had the skills and personality to deliver…… [Read More]
HM Challenges in Today's Organizations
All organizations require employees to make them a success and this function is considered as important as finance, machinery and land for running the organization successfully. The important point to note here is that individuals all have different temperaments and working methods, and some people in the organization are responsible for making them all work together. This is the job of the human resources department which is otherwise known as the personnel department. If an organization is not staffed correctly then it ends up loosing the economy of scale that it should have got also the maximum possible customers and profits.
On the other hand, if there are too many people then there is a lot of financial liability if they are retained, and when they are laid off, there are financial implications from redundancy payments. If the organization cannot do manage its own staff…… [Read More]
Cultural Challenges of Doing Business Overseas:
Steve Kafka, franchisor for Chicago Style Pizza
Steve Kafka, a proprietor of Chicago Style Pizza, a U.S.-based franchise, is attempting to capitalize upon his Czech heritage, and knowledge of Czech culture and language to expand into Prague and take advantage of a largely untapped pizza market in the region. However, it is critical that Steve does not forget that, despite his familiarity with Czech culture, he was born in the United States and must orient himself to the unique cultural worldview of the Czech nation
Major differences and incompatibilities between cultures and risk mitigation
Perhaps the most significant difference between the U.S. And Czech business culture is a historical one, namely the legacy of communist rule in the Czech epublic. "All commentators on Czech business culture focus on the difficulty of developing deep levels of trust within any business relationship" (Doing business in Czech…… [Read More]
Human esource department is the core of every organizational function since without H, an organization cannot carry out its operational and financial functions properly. In the past few years, the role of human resources has increased because of globalization and the elimination of line of alignment between two countries, which has contributed to the ability of employees or people to work in other countries. The liberalization and globalization initiatives have also resulted in improved business strategies that promote organizational growth. However, these measures have also contributed to some challenges for human resource management across organizations.
First, merger and acquisition that has become a common business practice has led to certain challenges in human resource management. Merger and acquisition have been used as significant measures for expanding a business for the achievement of increased profitability. In this process, the human resource management is mainly involved in the process of…… [Read More]
The identification of the skills, knowledge and qualifications required for a specific job and the selection of candidates who possess the skills needed by the firm.
The recruitment of qualified temporary staff and the limitation of the need for temporary staff. Given the sensitivity of the food and beverage industry, the technologies involved and the high demands, temporary staffs might not always be skilled enough to deal with the complexities. It is as such recommended to hire skilled temps, to limit the number of temps hired and to hire temps on positions which require lower levels of skills.
Last, in terms of training, it is recommended to maximize training programs in order to ensure adequate preparation for all employees. At this stage, it is also necessary to continually evaluate the training needs as well as the employee performances in the aftermath of the training programs.
The topic of the HM…… [Read More]
This qualitative study, which used the methods of case study, in-depth interviewing, and focus group discussions (FGDs) is particularly vital to the implementation of change in organizational structures, from being a hierarchical to being decentralized. Like Perry, the study puts the manager's role as the most pivotal within the organization, primarily because s/he serves as the 'catalyst' for change and innovation in it.
Other literature also stress the role of power and control in helping the "new managers" of the 21st century to further develop their significant positions in the organization. Hill's (2005) study of managers for the century reflects how learning is achieved through experience, backs up theoretical assumptions that management for the 21st century does not demonstrate parallelism between its theories and actual applications. This assertion is mirrored in a theoretical study by Drejer (2004) and Klagge (1998), wherein he found out that training and learning for new…… [Read More]
The attitude of the followers toward the leader is another significant indicator of leader effectiveness.
esearch on performance-oriented and relationship-oriented behavior gave evidence that both the dimensions of behavior are necessary for leadership effectiveness (Dhar & Mishra, 2001, p.256). One thing that has proven consistent throughout the research of Dhar & Mishra is that regardless of the level of management there are certain characteristics that are necessary throughout in order for that person to be an effective leader. The characteristics that are consistent regardless of managerial level are Ability to facilitate, ability to influence, ability to be accountable, ability to build teams, ability to negotiate, ability to reward, ability to manage time, interpersonal orientation, and analytical skills. In contrast, there was a list of skills stated to be necessary depending on ones organization (Dhar & Mishra).
In conclusion, one could state that even though there are different levels of management…… [Read More]
ole-based EP systems are critical for the siloed, highly inefficient architectures of legacy EP systems to be made more relevant, contribute greater financial performance, and lead to higher levels of overall customer satisfaction.
c. Purpose of the study
The purpose the study is evaluate how enterprises who adopt role-based EP system implementations are able to attain higher levels of financial and operations-based performance vs. those that rely on silo-based, more functionally defined EP structures. ole-based EP systems have been proven to lead to greater order accuracy, velocity and customer satisfaction as a result. The ability to gain greater visibility throughout supply chains, better manage pricing, discounts, implement and maintain contract management systems, and also deliver consistently high customer service have all been attributed to role-based EP systems. Conversely siloed EP systems that are managed strictly to functional areas have been shown to severely limit the ability of enterprises to be…… [Read More]
Personal Skills Assessment and Analysis Report
Developing optimally effective managerial skills can be a challenging enterprise in any industry, and it is axiomatic that it is essential to measure individual strengths and weaknesses in order to identify strengths to build on as well as opportunities for improvement. To this end, this paper provides a review of the relevant literature concerning effective management practices in general and how these practices can be leveraged to contribute to the creation of a high-performance organization. In addition, a self-assessed personal assessment of management skills questionnaire developed by Whetton and Cameron (2010) is used to translate the insights these results in order provide to determine what steps are needed to optimize management skills in the future. Finally, a summary of the research and important findings concerning effective managerial skills and the need for ongoing personal assessment of management skills are provided in the conclusion.
II.…… [Read More]
Pike and Neale (2006, p.454) peg the impact to the return shareholders require on their investments (ke) -- if ke is lower than the expected return on the new investment, the dividend cut has a positive impact on organizational value; if ke is higher than the OI on the new investment project, the impact is that of decreasing the firm's value; finally, if the two ratios are similar, the impact is neutral.
g) Pros and Cons of Mitilin Bros Takeover
Arguments in favor:
Diversification of activities and incomes, which translates into lower levels of risk
Access to a wider customer market
Benefits derived from the extensive expertise of the managerial team at Mitilin Bros
Increases in income and the gaining of a stronger competitive position
From a theoretical standpoint, the acquisition of Mitilin would be beneficial due to its ability to "ensure management accountability, offer easy growth opportunities, create…… [Read More]
A third strategic effort made by eBay in conquering the Asian market is represented by diversification -- not the diversification of its operations or provision of services, but the diversification of the markets served. Traditionally focused on China as a source of increased gains, eBay has come to redirect its attention to other countries as well. The online auction company is as such focusing on launching and expanding operations in Japan, South Korea, Singapore, Malaysia, Thailand or even the Philippines (Chan). Through this strategic expansion to more Asian countries, eBay is decreasing its dependency on the revenues generated in China and is striving to create a stable expansion on the Asian continent.
Starbucks is one of the largest American corporations, with stores opened throughout the entire globe. The global expansion strategy at the coffee company is that of physical expansion through the opening of more and more Starbucks…… [Read More]
Meg Whitman and Managerial Style
Meg Whitman is the head of one of the most successful companies of the Internet era, the online auction site eBay. Her success with the company reflects both the basic ingenious structure of eBay itself as well as her own abilities as a leader. This paper examines two specific qualities of Whitman's leadership qualities, her transformative and transactional styles of leadership.
A basic definition of these two types of leadership is in order first. Transactional leadership is based on the principle that business leadership should use the fact that people follow their own self-interest, demonstrating that an employee's self-interest can parallel the interests of the business. (In other words, the transactional leader helps employees to see their working hard - and increasing the company's profits - as being a win-win situation for both employees and employers.
Transactional behavior focuses on the accomplishment of tasks and…… [Read More]
A year later, Soviet's premier in collaboration with Cuba installed nuclear missiles on the Cuban island, a few miles from the U.S. This decision triggered the Missile Crisis in Cuba and many global leaders feared the possibility of a nuclear war (Blight & Kornbluh, 2007).
Focalism / focusing illusion played a part in this failure
As evidenced above, Kennedy's reign offers potent examples of the psychological theory about flawed focusing illusion (group decision-making). Because the group culture overruled the internal agreement, members became unrealistic. In this case, the products of focusing illusions played a part in the failure of the invasion. President Kennedy's poor decision-making practices led to insufficient solutions to the issues of the invasion. Because the president and his advisors limited their discussions to few alternative courses of action, they disregarded further consideration of alternatives, which could have been worthy to the course. The team ignored all viable…… [Read More]
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…… [Read More]
Innovation and Theories of Management.
Managerial Planning and Leading in Organizational Innovation
The account presented here is intended to examine the role of innovation in modern business practices. Particularly, this will be examined from the perspective of management and with a focus on the two primary management functions of Planning and Leading. The literature review hereafter considers these functions of management in direct relation to the complex questions pertaining to innovation. Primary areas of consideration are the decision-making which enters into the determination of whether to innovate or to follow market patterns; the impact of market externalities and economic cycles on this decision; and the correlation of internal factors and personnel matters on this decision. The discussion ultimately produces the finding that innovation is only suited for those firms possessing the right mix of internal and external conditions.
Corporate innovation is often thought of as an inherency in the…… [Read More]
police adopted intelligence-Led policing? What are the problems associated with its implementations?
Over time, policing methods have advanced, with the most recent strategy in improving response time of police being intelligence-led policing (or ILP). ILP is still in its initial developmental stages, is still not wholly understood, and has not yet been adopted by all agencies (Taylor, Kowalyk and Boba 2007). Studying police managers' views and attitudes can help recognize obstacles. Depending on findings of research, when initiating this strategy, top police officers obtain the information required for foreseeing problems and understanding supervisors' mind-set. Strategy transformations spring from shifts in objectives. For instance, London's Metropolitan police was organized by Sir obert Peel for focusing not on response, but on prevention of crime (Johnson 1988). Improvements were generated through technological advances like automobiles and telephones. These improvements served to lessen response time, as well as expand an officer's patrol coverage (Phillips…… [Read More]
Economic Motivators for Employers on Employment ates for People With Disabilities in Atlanta
Definition of Disability
Statistics for Individuals with Disabilities
Effects Of ADA On Persons With Disabilities
Economic Motivators for Employers Hiring People with Disabilities
Factors Affecting Economic Motivators for Employers
Lack of Information and Knowledge egarding Economic Motivators
Misconception about Individuals with Disabilities
Inaccessible Hiring Strategies
Conflicts with Existing Programs
Lack of Appropriate Planning and Difficulties in implementations Economic Incentive Programs
Unemployment Among People with Disabilities
CHAPTE III: METHODOLOGY
Selection of Participants
Complete description of the esearch Participants
Type of Sampling
Appropriateness/rationale for use in the study 53
Ethical Consideration 54
Data Analysis 55
Qualitative esearch Analysis 55
Quantitative esearch Analysis 57
The esearcher's ole 58
CHAPTE IV:…… [Read More]
Targeted Work Class
HP's TAGETED WOK CLASS
HP's Targeted Work Class
Employee skill sets are singularly important. HP shares many interests in harnessing shared values for different employees together with values contained within the culture and mission of a company. The existing frameworks allow for the creation of shared value that underlies most of the corporate responsibilities in the modern day. This has led to greater business success through the inspiration of highly impactful and productive elements.
Employees should be aware of the processes involved in successfully performing diverse jobs. The primary expectations in terms of employee performance can be developed along employee performance plans. Employee performance formulations are substantive elements of the otherwise recorded performance elements against the expected performance (Healy & Palepu, 2012). The primary program includes appropriating both critical and non-critical performance standards and elements. Performance skills inform employees of the need of doing successive standards while…… [Read More]
Internal and Administrative Issues in Ssa
Internal and Administrative Issues in Social Security Administration
Internal and Administrative Issues at Social Security Administration
Social Security Administration is an independent constitutional body that was formed to take care of the social welfare of the American workers. This body was meant to collect funds in the form of savings from all the workers and reimburse once they retire. The use of this method of social welfare management is important because it stabilizes the operations of an organization. It is common knowledge that once people retire, they cannot meaningfully engage in any economic activity. This is likely to put them in some danger of inability to fend for themselves (Art Works for America, 2013). Trustees on behalf of all the employees manage the fund. In every sense, the presence of such bodies in a country spells out some hope for the workers during retirement.…… [Read More]
Dick and Mac McDonald opened their first restaurant in 1940 in San ernadino, California. These men were among the first to introduce the concept of "fast food," and made dining fun for children. McDonald's went on to enjoy over 60 years of growth, which has only tapered in the last year due to a failure to expand successfully into places such as olivia. Despite these recent setbacks, it is notable that only the third world could thwart McDonald's is a testament to its brand name and its revenue model. There are currently over 28 thousand McDonald's Restaurants in over 120 countries. McDonald's global sales in 2000 were over 40 billion, and the company could boast 16 billion customers that year.
McDonald's success didn't occur in an incremental, measured fashion. The company only really took off in 1954 when a mixer salesman, Ray Kroc, discovered the operation and found a way…… [Read More]
group I am referring to was involved in several software product development projects and was formed from a team leader, several programmers and a tester, who was also in charge with subsequent quality assurance and quality control phases.
One of the important aspects and characteristics of the team was the fact that, even if all the members were equally competent, each had a separate area of expertise. This meant that someone had an excellent knowledge of databases, another was an excellent programmer in a certain language, etc. Team diversity played an important role, because projects usually had different parts and needed an overall contribution from the team.
Because the group was formed from a few individuals, the role of informal leadership was essential. Indeed, informal leadership provided the appropriate communication channels in the group and ensured that the leader's message was getting through to the team on a less straining…… [Read More]
As a consequence, the personnel strategy must be elaborated and implemented based on the following relevant aspects for the organization: the project's mission, objectives, success factors, organization's strategy, and the analysis of the internal and external environment.
Basically, the process of elaborating human resources strategies is the result of a continuous analysis or diagnosis process of all the activities performed within the organization and of the directions that the organization follows.
In the case of Greater Manchester's transport investments process, this is a very important condition. The project must be closely and continuously monitored. All the activities comprised by the project must be controlled, so that they are performed in accordance with the established standards.
The main purpose of the analysis is to identify the human resources of the organization that are able to be introduced in the project and to establish a correlation with strategic decisions that affect the…… [Read More]
Ultimately the best mission statements succinctly define what makes an organization unique and relevant, gaining support in the process (Kouzes, Posner, 2003, pp. 135-155).
The vision and mission statements for the Principles of Leadership class are as follows:
Vision Statement: By creating a learning environment that promotes critical thinking and independent thought, the Principles of Leadership course creates creative, independent-minded and discerning critical thinkers who can apply the concepts learned to leadership and managerial challenges in their careers.
Mission Statement: The Principles of Leadership course is committed to fostering critical thought, in-depth and insight analysis and discerning judgment by teaching students to be critical thinkers capable of applying leadership principles and concepts with agility and expertise now and in their future careers.
Kouzes, J & Posner, B (2003). The Leadership Challenge. Jossey-Bass; 3rd edition. New York, NY. August 7,…… [Read More]
Firms with what organisational patterns are more likely to acquire existing firms? In what stage of internationalisation is acquisition more likely? Such research should not assume that such decisions are always rational. It may be that irrational factors are important at times. For example, it might be that the rush to acquire businesses in Europe prior to 1992 and to acquire companies in Asia in the mid-1990s reflected a bandwagon effect with firms developing strategies to legitimise their investments after the decision has been made (McDougall, et al., 2004). Research might also give attention to a broader range of entry modes beyond exporting, licensing and FDI. Strategic alliances with local or other foreign firms may involve no transfer of funds. Alliances are another entry mode option which deliver similar strategic advantages to joint ventures but have received little attention in the literature beyond those firms whose home country is either…… [Read More]
Organizations are seen as having several different stages in their life cycle, with specific implications for management at each stage. The stages are, roughly, birth, growth, decline and death, depending on which model of the organizational life cycle is used. While the details on the life stages of an organization differ, the strategies are different for each, and management must be able to differentiate each stage, and make the right moves accordingly. It could also reasonably be argued that the stages are dynamic, rather than distinct, and that the passage from one stage to the next can take place gradually, incrementally, and that management can actually affect this process (Hanks, 2015).
The initial stage of organizational development is the birth stage. At this stage, the organization is founded, its purpose identified, and it is given the resources needed to survive. The life cycle metaphor is apt at…… [Read More]
Key Success Factors (KSFs) of most organizations have similar attributes, references, and disciplines. This is because each project has internal and external expectations. In most cases, internal expectations happen to be project developers while the external expectation happens to be clients and/or the audience community. The positive striking balance is categorical in elaborating the nature and quality expected in developing each project. This comparison will be substantial in assessing KSFs of two seemingly different organizations. The analysis will identify the reasons why the organizations have pursued the KSFs in the execution of their projects. This study analyzes the KSFs of the two organizations. The study will also appoint basic commonalities between these two organizations in relation to the nature of projects that the two organizations are pursuing.
The key success factors in these two seemingly different scenarios
Combined Security Transition Command -- Afghanistan (CSTC-A)
After a close…… [Read More]
The success of salesforce.com in the CR marketplace underscores how technology specifically designed to address users' unmet needs to become more productive yet not constrained by technology is a case in point. Technology that enables higher productivity and meets needs yet does not restrict users' flexibility in managing their work how they want succeeds.
anagerial Challenges and Responsibilities for Rapid Change anagement
When rapid organizational change is attempted, managers need to confront and often deal with internal organizational cultures, which are often impediments to rapid change. For any manager involved in rapid change, the challenge of slightly modifying an organizations' culture can be daunting. For USAA, as the organization is already adopting a process-centric view of change and working to integrate systems so that employees will be better able to serve customers, the habit of change, so to speak, is beginning to set in. Yet in many organizational cultures, the…… [Read More]