Also in terms of trade, it would be recommended for the company to conduct several analyses in order to identify the countries with the highest demand for batteries. India for instance, with its numerous technological applications and in its quality of hosting most of the global mobile telephones -- would be expected to be a large consumer of batteries and could as such constitute a desirable trading destination for Larson Inc.

elative to specialization, this aspect is more delicate, but it would be advisable for the company to become more specialized in the type of batteries most popular within the regions in which it operated. Considering a situation in which Larson Inc. became a batteries supplier in India, it would be advisable for them to specialize in mobile telephone batteries.

3. Evidence and Potential Changes in the ecommendations

The recommendations previously made are all based on the features observable at the international level.

a)…...

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References:

2010, the World Factbook -- China, Central Intelligence Agency,   last accessed on May 21, 2010https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html 

The Outsourcing Institute, China Trends and Opportunities, last accessed on May 21, 2010http://www.outsourcing.com/china_trends/index.html

e-Business should focus on marketing through social networks and a website; through identifying potential suppliers. e can't sell food and drink online so the site is mainly for promotional purposes. The cafe's main metrics will be page impressions, Facebook fans, Twitter followers. Reaching out to customers using social media can help to inform them about promotions and new products. Social media is also the modern-day equivalent of knowing all of your customers by name (though that would not hurt either) as it helps to foster a relationship allowing for improved retention. A portal is not of much value for the employees. At best, they can check the schedule online. e don't have that many people working at Broadway, an expensive back end system for staff we see everyday is poor value. I would not use kiosks in the cafe. I would focus on a ifi network and let the…...

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Works Cited:

QuickMBA. (2007). Porter's five forces. QuickMBA.com. Retrieved April 27, 2010 from  http://www.quickmba.com/strategy/porter.shtml 

QuickMBA. (2007). Porter's generic strategies. QuickMBA.com. Retrieved April 27, 2010 from  http://www.quickmba.com/strategy/generic.shtml

Accounting Theories and usiness Decisions: The usiness World
Case Facts

Application of theories

Other cases of stakeholder theory application

Accounting theories and business decisions: The business world

There are many theories that explain the complexity of relationship between different groups of people directly and indirectly related to an organization. Two of the most comprehensive and most discussed theories are stakeholder theory and agency theory. oth the theories describe what the main purpose of each group is and how these groups ought to manage these relationships. In agency theory, it identified that agency relationship takes place when one or more than one principal, acting as owners, delegate their power to make decisions, to a person acting as their agent or steward. Thus, agency theory principally revolves around the relationship of principal and agent. While the principal delegates the authority or decision making power to agent (managers) to act in the best interest of principal (owner and…...

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Bibliography

Alessi, Chirstopher. 2013. "Understanding the LIBOR Scandal." Council on Foreign Relations, Feb 6. Accessed August 23, 2013.  http://www.cfr.org/united-kingdom/understanding-libor-scandal/p28729 

Dean, Cornelia. 2007. "Executive on a mission: saving the planet." New York Times, May 22. Accessed August 23, 2013.  http://www.nytimes.com/2007/05/22/science/earth/22ander.html?pagewanted=all&_r=0 

Jensen, Michael C. 2010. "Value maximization, stakeholder theory, and the corporate objective function." Journal of applied corporate finance 22: 32-42.

Kanter, Rosabeth Moss. 2011. How great companies think differently. Harvard Business Review, November. Accessed August 24, 2013.  http://hbr.org/2011/11/how-great-companies-think-differently/ar/2

Sears
The importance of strategic business decisions cannot be underestimated in today's fast-paced and competitive market. As economic times resemble recession like qualities, it is even more important that struggling companies find ways to stay competitive in these interesting and troublesome times. Sears Holdings Corporation resembles a troubled company that needs to make strong strategic maneuvers in order to survive and continue to be profitable within its many business interests. The purpose of this essay is to examine Sears holdings Corporatoin. In its current business environment. I will investigate the problems, examine this company's current strategic outlook, and offer recommendations that may help solve the many and troubling problems for this organization. Using the strategic background necessary to describe these qualities will also assist in contrasting between different choices that management often has to use in these types of situations.

According to Sears investor information, "2010 was another challenging year for Sears…...

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Bibliography

Jones, S. (2011). Sears holdings posts $170 million loss in 1st quarter. Chicago Tribune, May 19, 2011. Retrieved from   20110519,0,4352753.storyhttp://www.chicagotribune.com/business/ct-biz-0520-sears -

Morrison, M. (2011). Sears expected to tap McGarryBowen as lead shop on $360 million account. Ad Agency News May 24, 2011. Retrieved from   agency/227734/http://adage.com/article/agency-news/sears-expected-tap-mcgarrybowen-lead-ad -

Sears Holdings Corporation Investor Relations Website. Viewed on 5 June 2011. Retrieved from  http://www.searsholdings.com/invest/#letter

Heuristics vs. Optimization
The optimization vs. heuristics argument often comes down to dollars and cents. To be sure, spending the time, money and other resources to come to the best overall number of goods/services to order and thus allow for optimal performance is best. However, there are many situations where doing so is not allowed for because of time constraints, overall opportunity for success and/or money. While there are benefits to using heuristics rather than optimization techniques, the preciseness of the outcome is more likely to be off-base unless the person making the approximation is rather sharp and observant about the factors that are known at the time the decision is made.

Analysis

Making an informed and educated decision is always the right call when there is ample time and resources to make it worth the trouble and this presumes that the opportunity cost of making a more expedient decision would sway what…...

Ethical and Moral Philosophies in Businesses
Ethical Moral Philosophies

Moral Philosophies Application to Business

According to Trevino and Nelson (2007), Philosophy describes a universal scheme of measures that people live by. From this definition, it follows that the moral philosophy defines specific rules or principles that people use to determine right and wrong. In essence, moral philosophy guides an individual's values and principles about moral and immoral issues (Trevino & Nelson, 2007). In business, moral philosophy will guide an individual in the evaluation of morally upright choices relating to their values and principles. Stansbury (2009) argue that moral philosophies are the ideal perspectives on matters that serve individuals with principles in an abstract form to facilitate their very social existence. The two moral philosophies considered in this paper are "Teleogy" and "elativism."

"Teleogy" is derived from the Greek word for purpose or end. In this philosophy, it is considered that the outcome being the…...

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References

Callahan, G. (2008). Economic analysis, moral philosophy, and public policy. The Independent Review. CA, USA: Oakland.

Stansbury, J. (2009). Reasoned Moral Agreement: Applying Discourse Ethics within Organizations. Business Ethics Quarterly, 19(1), 33-56.

Trevino, L.K., & Nelson, K.A. (2007). Managing business ethics: Straight talk about how to do it right (4th ed.). Hoboken, NJ: John Wiley & Sons.

Kurt Lewin's Model For Change
Judgment in managerial decision

Change is always a common thread that all businesses experience in spite of size, age, and industry. For a business or organization to start any successful change process, first there should be an understanding as to why such change has to take place.

According to Kurt Lewin model, before change takes place motivation for change must be generated. An individual should be assisted in re-examining numerous cherished assumptions about oneself as well as one's relations to others; and this is where change starts. Kurt Lewin's model for change put across three theory of change. The three stages are Unfreeze, Change, and Freeze (Refreeze).

Unfreeze

This is the first stage of change according to Lewin. It involves preparing the organization to accept that there is need for change, in which the status quo will be broken down before building up another new way of operating. This can…...

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 produce…...

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References

Deshpande, R. (2006). Cipla. Harvard Business School, President and Fellow Of Harvard College, 9-305-085.

business decision is usually undertaken by classifying the option with a good amount of revenue or the slightest cost. The Incremental analysis is seen to be the most promising mode in such processes due to its simple processes, this paper is going to demonstrate this simplicity.
Incremental analysis which is also known as marginal/disparity analysis is often undertaken in analyzing the monetary value in sequence appropriate for decision making. It brings about the pertinent revenues as well as costs of every option in addition to the predictable impact of the option on prospect proceeds and here decision making involves selecting among many options. The focal point of incremental analysis is known to scrutinize diverse factors among the options in relation to three main pointers known as revenue differences, benefits, cost differences as well as cost savings differences (Clifford Cobb, Ted Halstead and Jonathan owe 1998).

According to Terry Moore (2006), differential…...

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Reference

Abiteboul, s. Mchugh, J, Rys, M. Vassalos, V and winner, J.L (1998)

Incremental maintenance for materialized views over semi-structured data. In VLDB Retrieved September 6, 2013 from  http://tods.acm.org/accepted/2013/FanIncremental.pdf 

Clifford Cobb, Ted Halstead and Jonathan Rowe (1998), The Genuine Progress Indicator,

Redefining Progress. Retrieved on September 2, 2013 from www.rprogress.org.

Technology and the Changing Role of the CIO: How have technological changes influenced the changing role of the CIO?
According to the magazine CIO, today, in most companies, the typical Chief of Informational Technology Operations tends to be more in agreement with his or her superiors and other company executives within the corporate structure than CIOs were likely to have been in the past. This is partly because of the greater ease and need to use technology in the workplace. The increasing use of computers by executives has created a greater facility of communication between CIOs and CEOs, for example. Also, the increased familiarity and use of all employees with technology has meant a greater respect for the vitality and expertise of the position of CIO amongst all company staff, including management. "As more executives use PCs," and "almost 40% of managers responding this year said they use a computer constantly,"…...

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Works Cited

Taro, Ronald. (April 1, 1997) "Taking Care of Business." CIO. Retrieved 17 Jan 2005 at  http://www.cio.com/archive/040197/role.html

Limitations of the Research or Gaps
A Critical Analysis of the usiness Judgement Rule under the Australian Corporation Law

There have been many large businesses which have collapsed unexpectedly to cause irreparable damage to the investors worldwide in recent years. The most recent and larger cases are those of the fall of the mighty U.S.-based Enron International and the Australian firm, HIH Insurance. These cases shook the faith of the stakeholders in the ability and the intention of the directors who were in charge of the operation of these enterprises. These cases have also made it harder for the directors to negate the fiduciary duty imposed upon them by the law. For instance, according to the 1997 Directors' Duties and Corporate Governance prepared by the Commonwealth of Australia, 'There has been increasing debate in Australia about the standard of corporate governance, particularly in light of the experiences of the late 1980s.…...

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Bibliography

Adams, M, 'Australian corporate law reform or evolution,' ALRS 1 (2012) [1-10].

Black's Law Dictionary. (1991). St. Paul, MN: West Publishing Co.

Byrne, M, 'Do directors need better statutory protection when acting on the advice of others?,' (2015), 21 Australian Journal of Law [238-257].

Commonwealth Corporations Act 2001, Section 180.

Rational Business Decision
Poor Decision Making

One of the most difficult things to admit is when one has made a mistake. In retrospect, the decision not to promote Ms. X, given her sterling performance for our competitors, is one such a poor decision on my part.

However, I have learned from my mistake. I realize that I should not have rejected her request for a promotion, and the added responsibilities that such a position entailed out of hand.

At first, deploying what is known as Recognition Primed Decision Making, under the stressful situation of her immediate prompting, I bridled at the idea of paying her more, because I knew that the department was financially strapped.

However, she requested an audience with me. Still, I rejected her request again, deploying the Explanation-Based Model of decision making, when a decision maker such as myself "will attempt to create a full story from some incomplete raw facts and…...

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Works Cited

Khan, Larry. (2004) Decision Making Models. MIT Website. Retrieved on June 15, 2004 at http://www.geocities.com/SouthBeach/1285/decision.html

Scholl, Richard. (1999) Decision Making Models Summary. Retrieved on June 15, 2004 at http://www.cba.uri.edu/Scholl/Notes/Decision_Making_Models.htm

Management Science, Data Science, and Business AnalyticsThere is often confusion between the terms Management Science, Data Science, and Business Analytics. Management Science is interdisciplinary and uses mathematical modeling, statistics, and optimization methods to make managerial decisions (Anderson et al., 2018). Data Science is a branch of computer science that deals with the extraction of knowledge from data (Favero & Belfiore, 2019). Business Analytics is the application of statistical methods to business data in order to improve decision making.While there is some overlap between these disciplines, they each have their own focus. Management Science focuses on using mathematical models to make decisions. Data Science focuses on extracting knowledge from data. Business Analytics focuses on applying statistical methods to business data. Each of these disciplines has its own set of tools and techniques. For example, Management Science may use linear programming to optimize production schedules. Data Science may use machine learning algorithms…...

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ReferencesAnderson, D. R., Sweeney, D. J., Williams, T. A., Camm, J. D., & Cochran, J. J. (2018). An introduction to management science: quantitative approach. Cengage Learning.Favero, L., & Belfiore, P. (2019). Data science for business and decision making. Academic Press.

Business
How forces in and outside of business firms are changing the management task, altering business operations, and modifying stakeholder expectations?

Business, particularly those heavily emphasizing technology, are constantly changing. In many instances these changes are occurring due to a combination of internal and external factors. These factors often modify stakeholder expectation because the fundamental business itself has shifted. A very dynamic force that is changing the management task is that of globalization. Globalization is particularly contentious because it has no geographic limits. Competition can now come from anywhere at anytime. As such, management must be cognizant of the changing dynamics prevailing in their respective industries. The auto industry, for example, has directly felt the impact on globalization and stakeholder expectations. The auto industry prior to foreign competition was characterized by large fixed asset costs, hefty legacy and pension obligations, and slow innovation. However, through globalization the Japanese's were able to enter…...

This distribution can be applied to multiple business situations even where data is distributed differently, because a normal distribution adopts the central limit theorem which suggests that no matter how a population is distributed, the distribution "of the means of random samples approaches a normal distribution for a large sample size" (ICMBA, 2002).
Business executives can use normal business distribution to create diversified asset portfolios, to calculate process variations within operations and even in human resources management to evaluate employee performance that is often considered normally distributed (ICMBA, 2002). Businesses benefits because normal distribution allows description of variables that would otherwise be considered random, and also allows a rough estimate of the actual distribution (ICMBA, 2002). Errors that usually arise using a bell curve are also often negligible and hence considered acceptable (ICMBA, 2002) thus executives can use normal distribution to solve problems with a high degree of accuracy in…...

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References

Arsham, H. (1994). "Statistical thinking for managerial decisions." January 1994,

National Science Foundation. 1, October 2005:  http://home.ubalt.edu/ntsbarsh/Business-stat/opre504.htm 

History for Dayton, Ohio February Temperatures." Weather Underground. Available:

 http://www.wunderground.com/

Due diligence refers to the process of doing a proper investigation into something before taking an action.  Due diligence can have applications in a number of different contexts, but is most often discussed in the context of some type of business deal, when a person or organization has to make a decision about whether or not to enter into some type of business relationship (usually an investment relationship) with another type of person or organization.  Due diligence can be as simple as studying publicly available information to determine whether or not to purchase a stock....

Business statistics is the science of collecting, organizing, analyzing, interpreting, and presenting data to help make informed business decisions. It involves using statistical methods and tools to analyze business trends, evaluate performance, forecast future outcomes, and identify opportunities for improvement. The information gathered through business statistics is used by managers, executives, and other decision-makers to guide strategic planning, resource allocation, and overall business operations.


Business statistics also plays a crucial role in risk management, as it helps businesses assess the likelihood of certain events occurring and the potential impact they could have on the company. By analyzing historical data, businesses can....

1. The presidential vote significantly impacts public perception of the incumbent president, serving as a referendum on their policies and performance, influencing their approval ratings and the public's trust in their leadership.

2. The presidential vote shapes political outcomes by determining which party controls the executive branch, affecting policy-making, legislation, and the appointment of key officials, leading to shifts in the political landscape.

3. The presidential vote influences the balance of power between the different branches of government, with a unified government often leading to more efficient and effective policy implementation, while divided government can result in gridlock and political stalemate.

4. The....

## Leveraging Business Statistics for Informed Decision-Making and Enhanced Performance

Business statistics play a pivotal role in empowering companies to make data-driven decisions and optimize their performance. By utilizing statistical methods, businesses can analyze vast amounts of data, identify patterns, test hypotheses, and quantify uncertainties, enabling them to make informed decisions that drive growth and success.

### Data Analysis and Pattern Identification

Business statistics provide tools for analyzing large datasets, extracting meaningful insights, and identifying hidden patterns. Through descriptive statistics, companies can summarize data, compute measures of central tendency and dispersion, and visualize distributions. This enables them to understand the key characteristics of....