Introduction The global environment has experienced a dramatic shift toward the digital age. This has enabled organizations to put emphasis on digital transformation to keep pace with the changes that are taking place. Even though digital change can be daunting, effective leadership practices implemented at organizations can significantly enhance the...
Examining a business problem through a lens of different decision-making models can help to choose the best solution for each particular case. It allows to analyze a wider range of data and to look at the situations from different points of view. For example, a rational approach is based on...
Today, global trade has reached a massive scope, and now its value amounts to trillions of dollars. It is no longer unusual to wear a shirt which was made thousands of miles away by people of other nationalities. Each day millions of goods are moved around the world, and there...
The two examples of brands where manufacturing costs are well below the selling price are Apple Company, which manufactures the iPhone, and Monster drinks, an American company manufacturing energy drinks Burn and Relentless. However, on the classification of innovation-driven technology, quality, and unmatched sophisticated characteristics, these two brands have brought...
The initial means of distance communication were telegraphs. After the PCs were constructed, engineers started to foster networks among computers, which prompted the introduction of the Internet. Email and online pamphlets allowed communication to be more accessible, and social media became more complex (Shareef et al., 2019). Since social media...
The Krusty Krab Restaurant Establishing a restaurant’s identity begins with naming it as image and identity are intertwined. Having an appropriate name for the restaurant may help the owner grow their business and attract more customers simultaneously. This paper aims to show how the hypothetical establishment, the Krusty Krab Restaurant,...
Corporate Social Responsibility is a particular self-regulating business model that is rather beneficial for the company and other people. This concept assists businesses in becoming socially accountable to themselves, the public, and their stakeholders (Famiyeh, 2017). The principal value of Corporate Social Responsibility is that organizations use volunteer efforts, philanthropy,...
Summary Nonprofit organizations are rapidly growing in number across the world. However, the same cannot be said of donor and funding institutions. Therefore, there is stiff competition for funds among nonprofits. To effectively compete for funds from donors, it is essential that an organization carves and sells a positive image....
Zara has gained an advantage over its market competitors by providing fashionable clothes faster and at a lower price. This has been attributed to the way Zara’s supply chain is organized. Firstly, the staff at Zara shops gathers the information about the demanded clothes from customers and instantly reports it...
A product can be anything a business provides to meet customers’ needs and desires. Despite being known for desktop computers, Apple was one of the first firms to move to a graphical user interface (GUI) and achieved success with the original Macintosh (Curry, 2021). Over the years, the firm has...
Regional economic integration is the agreement between a group of countries within a specific geographical region to promote free and fair trade. These countries enhance this free and fair trade through the four types of economic integration — free trade areas, customs unions, common markets, and economic unions (Hill &...
Introduction Twisted Sistuhs is a wine producing company that was established in 2019 and operates locally in Nashville. It was originally found by four Afro-American women friends, but currently there are only two of them left to be in charge of the business. The company primarily concentrates on producing red...
Introduction One of the main tasks of any business entering the foreign market is the analysis and correct definition of the marketing mix. The elements of the mix include price, product, location, and promotion, which can vary significantly depending on the socio-economic and cultural characteristics of the country (Powers and...
Introduction The rapid development of technologies coupled with the processes of globalization in one way or another affects every business industry. The pace of discoveries is comparable in scale to the first scientific revolutions, which completely changed the processes of production and the daily life of people. Innovation is becoming...
Background For a long time, customer service as a way of communication between market actors and consumers of goods and services existed only in the business sphere. Nowadays, it exists in most spheres of human activity, and education is no exception. Customer service has taken on a different form there...
The Chinese market is very diverse, and in order to succeed there, the company has to conduct deep and detailed research on the customs, traditions, and culture of different regions of the country. Therefore, the initial task to integrate the consumer desire for the diamonds into the very traditional country...
The qualities of true leaders continue undergoing a number of changes, depending on many internal and external factors. People are ready to follow their leaders in case they demonstrate appropriate competencies. At the same time, attention is paid to the character as it includes the traits that are important for...
FreshBooks is an organization specializing in accounting software with a wide range of functions, targeting individual accountants and entire businesses. The provided service is cloud-based, and it has a global reach, covering about 160 countries (FreshBooks, n.d.b). The software exists in a competitive field due to accountancy’s popularity as a...
Adidas produces a huge amount of sports shoes, clothing, and equipment. Adidas annually registers several hundred patents for technologies used in its products. In such conditions, remote informing the retail consumer about such several goods and technologies is almost impossible. First of all, television advertising is used due to its...
An important part of launching and developing a business is to select the target audience and adapt the products and services to its needs and desires. However, it might be a challenge for the companies operating on an international scale. They should evaluate the adequate level of local adaptation of...
Product costs and period costs are incurred by a company, but they are distinctly different. Product costs refer to expenses directly involved in the manufacturing process of the end product (“Product Costs”). Such expenses include direct material that goes into production, direct labor, including employee wages and insurance, and manufacturing...
Introduction Company Description Pizza Hut Inc. is the leading and largest restaurant in terms of market share, revenue, and outlets. Since its establishment in 1958, the company has realized massive expansion to become a world leader. It offers fast foods, with pizza being the main product on its menu (Patra,...
McDonald’s Corporation operates and franchises McDonald’s restaurants; the company’s restaurants serve locally sourced food and beverages at different costs in more than one hundred nations. The Australian segment focuses on providing a platform for authentic ingredients, allowing customers to choose their sandwiches. The range of restaurants includes burgers (including Big...
Each business needs to continuously evaluate, gather, and forecast its performance data to improve its processes, develop, and expand. Measurement of ratios is a useful approach to assess profitability, liquidity, and risks for a company based on its financial statements (Lambert, 2018). Moreover, the calculations can help an organization determine...
Walmart The business field is a vast domain nowadays, and there are many companies using their resources to sell various products and services to consumers and make money. The website “Fortune” even has a special ranking list called “Fortune 500,” which indicates the largest and most successful companies worldwide, such...
Timken Company is one of the most renowned corporations involved in the production of steel, bearings, and power transmission products. Its products find their application in electronics, industrial equipment, and transport, including aerospace and military. The corporation, which has almost a century of history, is famous for its innovations, which...
Introduction The modern environment is characterized by a high level of complexity and dynamism, which forces organizations to adapt constantly. Change management requires the leader to constantly analyze the needs of the company and their compliance with external conditions. However, this process includes many important parts that need to be...
The VRIO analysis tool breaks the assessment of a company’s current status into four general elements. The analysis of each component, value, rarity, imitability, and organization, were measured by Coca-Cola’s and its competitor’s performance in global network, product range, human resources, marketing expenses, secret formula, brand image, and research and...
Introduction The development of the internet changed people’s habits in many areas, commerce being one of the most affected industries. Now, a large portion of people choose to shop online, valuing the convenience of fast delivery, a broad selection of items, and easy product search. As a result, companies that...
Abercrombie & Fitch (A&F) is a well-established multinational corporation that offers a variety of apparel, personal care products, and accessories for men, women, and children. The ‘global multi-brand omnichannel speciality retailer’ primarily operates wholly-owned stores and direct-to-consumer channels (A&F, 2019). Moreover, the corporation sells its broad product line through several...
Let us imagine that Martians started immigrating to the Earth after the initiation of the interplanetary economy. Martians would be red-skinned, green-skinned, patient, physically weak, but are intelligent species with high skills in science and technologies. There are many obstacles that Martians will have to overcome if they start working...
The Starbucks Company was established in 1971 in Seattle, and by now, it has more than 32,943 cafes and stores in 76 countries. The US and China constitute its major 62% market share with over 15,288 and over 4,973 cafes, respectively (“Starbucks reports Q2 fiscal 2021 results,” 2021). Starbucks has...
As an ability to generate unique ideas, creativity is a highly valuable skill. Nevertheless, being creative is not more important than being intelligent. Creative ideas are essential for many fields, from business and economics to music, art, film, and television. Catmull (2009) states that intelligent people are more important than...
Modern technologies of management and marketing are based on interdisciplinary research of a person as an object of control and influencing his behavior. The religious factor has become an essential component of the cultural life of modern society. Conceptual differences between marketing and Christian philosophy lead to a potential ethical...
Introduction The petrochemical industry is the most significant contributor to the economy of Saudi Arabia, where the most prominent player on its market became Saudi Arabian Basic Industries Corporation (SABIC). SABIC is listed as the world’s fourth-largest firm in the chemical industry (Seznec, 2020). For example, SABIC had sales of...
Tesla Project The report is based on whether the fund manager should invest $25 million in Tesla Inc, a leading electric vehicle manufacturing company. The report will analyze its business strategy while conducting an accounting and financial analysis. The report will be discussing the prospective analysis of Tesla Inc and...
Introduction The Coca-Cola Company – multinational drink and snack conglomerate operating on all continents. Different priorities, standards, and restrictions across countries. Standardization and localization of products to local culture. Cultural barriers for employees in other countries. Blending Cultures in Global Corporations Company culture is the foundation of the business. Culture...
General Electric History Analysis Jack Welch has taken several innovative steps to reshape General Electric’s (GE) global strategy. They can be characterized by terms such as simplification, adaptability, and self-confidence. He focused the company’s resources and capacity on three sectors, namely “core manufacturing units such as lighting and locomotives, technology-intensive...
Article Review: Peer Interaction in Mergers: Evidence of Collective Rumination by Marmenout In the modern world of commerce, mergers and corporate acquisitions are essential characteristics of firms seeking to not only increase their profitability but also globalise. However, a scholarly study of the effects of the mergers on the employees...
Background Information Various forms of inter-organizational relationships characterize the current business environment. These relationships are both vertical and horizontal in nature. They also traverse organizational, industry, and national boundaries, thus making them a complex network. There are two main dimensions of inter-organizational relationships: interactive and non-interactive relationships (Kazmi, 2008). The...
Introduction Before the advent of Human Resource Metrics or HR metrics, human resource management in the context of improving business efficiency relied on inadequate estimates and unreliable tracking systems. Changes in the hiring, firing, and training of personnel were adjustments that were made based on a macro view of business...
Introduction A balanced scorecard was first introduced as a strategic development tool by Kaplan and Norton, who aimed to connect the company’s vision and strategy to key parts of the business, such as finance and stakeholders, operations and productivity, customers and markets, and learning and innovation (SBMC, 2014). A balanced...
Description of Management System The management system of a company should have a clear operation plan and outline of its vision and goals. The system should also be well-defined with well-connected chain of command (Rollins, 2015). Additionally, the marketing department of the company need an effective customer review system which...
Introduction: Technology as a Crucial Element of Success in the Global Economy Realm Operating in the context of the contemporary global market implies developing the ability to respond to the changes in the quality demands and promoting technological improvement across the organization. The use of the dynamic capabilities of entrepreneurship,...
Introduction The information systems for management support in business include Management Information Systems (MIS) and Executive Information Systems (EIS). MIS is a set of elements for collection, processing, storage, and provision of information related to the activities of the organization. Being in connection with each other and forming certain integrity,...
Introduction Apple, which specializes in the design and manufacture of media and communication equipment, computers, and mobile devices, was incorporated in 1977 with its headquarters in Cupertino, California (Mustaniroh, Anti and Hidayat 2). Despite the previous dismal performance, the company under Steven P. Jobs has recorded astounding growth. This is...
Introduction Overview This part covers the foundation of the study, issue articulation, study objectives, and hypotheses and the significance of the study. Study Foundation Corporate citizenship, corporate ethics, social performance, and sustainable accountable entity are all characteristic terms used to describe corporate social responsibility (Keim 1978). Corporate social responsibility is...
Questionnaire Communication with an HR manager of Emirates Post is a good chance to understand the peculiar features of strategic HR management and the conditions under which local and global competitions could occur. The creation of new HR strategies could be based on the information got from the offered questionnaire....
Confidentiality Agreement The reader of this business plan is aware of the confidentiality of the information therein. The reader has agreed on the nondisclosure clause without permission from the Global Coffee Shop. Any disclosure without the permission of the Global Coffee Shop will be treated with malice and might attract...
Introduction Business process management refers to how the business processes are designed, implemented, monitored, evaluated, etc. to ensure that they are always aligned to the organization’s objectives. By this, it is evident that this is not a static process, but rather, one which changes with various changes in the organization’s...
Herzberg developed the two-factor theory of motivation in 1959 with the aim of identifying the reasons for satisfaction and dissatisfaction with the workplace and discovering the options for increasing corporate productivity (Gagné, 2014). This theory is associated with hedonic or pleasure motivation theories. The first group composed of hygienic factors...
A value chain is an extensive range of activities (design, manufacturing, marketing, and distribution) that companies implement for bringing a service or product from its initial conception to being delivered to customers. When speaking of companies that produce goods, their value chain begins with raw materials used for production and...
Abstract Today, the case company experiences a substantial downturn in sales, and I as the HR manager suggest using a performance management system to enhance organizational performance. In this case, it is essential to provide a job description, highlight key behaviors, develop OBM plan, suggest methods to measure performance, inform...
Introduction The sphere of business should not involve any discrimination because people of all nationalities and genders should be treated with respect and obtain equal wages and benefits for their work. Such ideas are promoted under the concept known as “equal pay for equal work” (Equinet, 2013). In this framework,...
Executive Summary This report was developed to provide recommendations for Hondwreck Partsheaven on how to resolve the issue of inconsistent inventory management and ineffective customer services. It has been identified that the automation of inventory management through the use of software is the optimal solution for allowing managers to focus...
Company Background Headquartered in Atlanta, Georgia, Delta Airlines has grown to become one of the world largest aviation companies. The organization traces its roots to 1924 when it was founded by Huff Daland Dusters who incorporated it as an agricultural flying company (Hoffman & Hunger 2012). Since then, it has...
It should be noted that customer experience is one of the most important components of any business process in the service sector. This is due to the fact that both positive and negative experience firmly settles in the minds of clients and influences their further appeal to the company services....
The project quality management offers a variety of philosophies to organize the managerial process and achieve and maintain high quality. Among the most prominent representatives of quality management, there are Deming and Juran. This paper will focus on the identification of the essentials of the two quality theories as well...
Introduction Performance is the real determinant for survival and success in the marketplace. High-performing employees are associated with great achievements. In addition, they help their employer to gain a competitive advantage over rivals. According to Becker, Huselid, and Ulrich (2001), excellent performance is what creates a difference between great corporations...
Introduction An effective corporate governance strategy consists of five elements such as culture, structure, systems, leadership, and strategic alignment (Monks & Minow, 2012). Across the globe, companies Endeavour to manage their corporate governance strategies in order to operate efficiently within the pillars of social welfare and total quality management. Over...
The steps involved in developing new offerings Firstly, the marketing analysis has to be conducted to evaluate the current demands and desires of the customers to assure the product’s necessity and competitiveness in the market (Ribbens 24). In turn, the potential ideas of a new product based on the analysis...
In modern marketing, there are several types of marketing strategies, depending on what a business wishes to achieve or maintain. Each of these strategies has distinctive benefits. These strategies require meticulous planning and resource allotment so they could have a wider consumer reach. An offensive strategy is an example of...
Introduction The hybrid distribution strategy is characterized by several distributional channel systems that belong to one company or organization, and organizations implement the hybrid system to several market segments. The hybridization of the distribution channels has become a dominant strategy in new businesses due to the changes in customers’ shopping...
Abstract As markets have become flooded with products and services that are weakly differentiated, businesses have shifted their focus on strategies that boost their success. One major strategy is customer service. Mainly, customer service relates to customers’ satisfaction of their needs through services provided with care, sensitivity, and efficiency. Notably,...
Abstract There are many challenges in human resources management, especially in terms of strategic managing and administering employees. The objective of this paper is to discuss various human resources management concepts related to finding an agreement between the organizational goals and daily practice of the human resources professionals, using the...
Introduction Dubai Islamic Bank DIB is a bank that offers an array of products and services that are compliant with the Sharia laws of the UAE. The institution offers commercial, financial services, trade services, customer transactions, and classified banking, among others. Also, among its product and service portfolio are free...
The competitive global marketplace has compelled companies to strategize effectively in order to be competitive and relevant. It has become imperative for businesses to ensure they align the mission, vision, and employees to the goals of the firm for long-term sustainability. This can be done by performance management, which ensures...
Introduction Based in Dubai, the government-owned Mohammed Bin Rashid Housing Establishment (MBRHE) is a primary industry player in housing development and general financial services. Despite having been in operation for more than a decade and is very successful in the market, the company had not qualified for ISO Certification due...
Introduction The concept of organizational management is very important with regard to driving employee performance and achieving prolonged success. The manner in which people operate within an organization plays a crucial role in determining the success of crucial processes such as decision-making, change management, and promotion of diversity (Nickels, McHugh...
Personal Experience with Leadership The nature of leadership experience in a group or firm will determine its level of success (Kocolowski 24). Individuals should possess the best leadership traits and skills in order to achieve their potentials. While working with my consulting group, I identified and developed new leadership ideas...
Introduction The Public Company Accounting Oversight Board (PCAOB) is a private, nonprofit organization that was instituted in 2002 as a result of the Sarbanes-Oxley Act (Anandarajan and Kleinman 114). The primary objective of the PCAOB is the protection of investors’ interest through the oversight of audit reports issued by public...
The visual design has become one of the most used media in the current marketing and branding world. In advertising, you create messages, images, or videos that appeal to your audience and target market. Visual branding uses images and colors to create a feel of the product or service. The...
Types of workforce diversity There are several types of workforce diversity that exist in various organizations. This includes demographic diversity where a company employs a workforce from various demographic categories such as age, gender, race or tribe. Unilever has embraced this by ensuring employment from all areas in which it...
Executive Summary In the business environment, sustainable business operation is influenced by powers in the business sector, choice science, corporate structure, and genuine financial related administration. Along these lines, a business must put set up stringent measures and systems pointed at observing expansionary modules inside attainable levels. In particular, this...
Introduction Etihad Airways is a national airline company in United Arab Emirates that was established by a royal decree as the national carrier of UAE and first started commercial operations in 2003. The services of the airline are classified as Business Class, First Class, Economy Class, high end lounges, and...
Tesla Motors has been in operation for quite some time. It has built a brand that is acceptable to the niche market as well as to all other segments. To continue with its renowned style of business, it needs to invest a lot of capital. The paper would address the...
The Subject/Issue Owing to increased liberalization and globalization, employees have become a competitive advantage for most organizations. Proficiency is indispensable to every triumphant enterprise. Similarly, incompetent employees are a recipe for failure to any enterprise. Today’s labor market is very tight. As a result, businesses have realized the importance of...