business environment is constantly changing and diversifying and companies need to find the appropriate solutions to create long-term growth and ensure that their core business activity does not become obsolete. A good idea in this sense would be to diversify one's business by prospecting new economic sectors and by creating viable alternatives in other areas. A practice much used nowadays creates new businesses within the mother companies, but serious challenges appear, related to the organization, prospect, evolution and survival of this "intrapreneuring."
Indeed, these new businesses face just as much of the challenges associated with any new business and, besides these, several new ones, associated with their particularities. Their primary condition implies the fact that their initial evolution and creation is strictly related to the corporate culture and the climate of the organization to which they are part of. Organizations where managers are open towards new ideas and creative spirits…...
Business Environment
There are various views held by management in terms of the methods that should be used to manage the organization. The work of Hartman (nd) states that the evolution of modern management thinking started first in the nineteenth century and flourishing during the twentieth century, which is reported to have "witnessed a revolution in management theory ranging from classical theory to the Japanese management approach." Hartman states that today's management theory derives from the "interdisciplinary efforts of many people." (nd)
Management is described in the work of Olum (2004) as "the art, or science, of achieving goals through people." Olum states, "More broadly, management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims." (2004) Management is about "solving problems that keep emerging all the time in the course of an organization struggling to achieve its goals and objectives."…...
mlaSources and Main Issues
The start of the modern organization is reported in the work of Hartman entitled "Management Theory" to have taken place during the middle of the nineteenth century with "the rise of the factory system, principally in the textile industry, where automation and mass production became the cornerstone of productivity." (Hartman, nd) Management theory evolved slowly during the century as the need is reported to have existed "to define what management was in the first instance as well as to operationalize it in meaningful terms for an organization." (Hartman, nd)
Management Theory
Robert Owen and Charles Babbage are reported to have serious examined management theory. Owen's ideas were derived from his ownership of a cotton mill in Scotland and his interest in the well-being of 400 to 500 children employed by the mill. Owen published his pamphlet 'A New Vision of Society' in 1813 in which his idea of society was described and Owen additionally was very active in bringing about improved living conditions for his employees by implementing housing, sanitation, public works and school programs. It was Owen's belief that character was determined by circumstances and that early education combined with environment was critically a part of the formation of good character.
Babbage was held to be the 'father of the modern computer' as he performed the fundamental research upon which the first mechanical calculator was developed as well as developing an 'analytical engine'
Colombia
Once a no-go zone, Colombia has enjoyed something of a resurgence. This paper will examine the business environment in Colombia, highlighting the different issues that matter to businesses. Colombia has recently become the fastest-growing economy in Latin America (The Economist, 2014), which is testament to some key policy changes that have spurred renewed investment. It started with a major security push to stabilize the country and has now left Colombia enjoying a fairly attractive investment environment. This report will outline the country's economic and legal conditions, to provide the relevant background information for anyone considering doing business in Colombia.
Economic Conditions
Colombia is experiencing strong growth at present, something that can be attributed both to improved security and to a shift in economic policies. With 46 million people and a relatively slow growth rate, Colombia is the 30th-largest country in the world. Its economy ranks 32nd, with $642.7 billion (CIA World Factbook,…...
mlaReferences
CIA World Factbook (2015). Colombia Central Intelligence Agency. Retrieved April 21, 2015 from https://www.cia.gov/library/publications/the-world-factbook/geos/co.html
Deloitte (2014). Doing business in Colombia 2014 Deloitte. Retrieved April 21, 2015 from http://webserver2.deloitte.com.co/Tax%20&%20Legal/2014/DoingBusiness/Doing%20Business%20Colombia%202014%20Ingles%20-%20VF.pdf
Miller, S. (2011). Foreign ownership rights in Colombia. Colombia International Retrieved April 21, 2015 from http://www.colombiainternational.co/2011/05/foreigner-ownership-rights-in-colombia/
RSF. (2015). 2015 World Press Freedom Index. Reporters Without Borders. Retrieved April 21, 2015 from https://index.rsf.org/#!/index-details/COL
Business Environment
The business circle resonates with two major issues in the modern world, i.e. leadership and globalization.
The modern business world is continuously reshaped by globalization. It is a curious coincidence that a lot of business opportunities are emerging while the number of emerging talent that can make meaningful use of such talent is decreasing. In this scenario, therefore, it is only those who can act on the developments by recognizing the need for talent and take the front row in developing new useful talent today that are certainly tomorrow's winners. Effective and successful leaders in business make sure that their firms are flexible and adaptive. They also maintain a network and minimize the hierarchy ghosts. They generally seek better service delivery. Leaders should prioritize such matters as tapping talent, authenticity, business evolution and revolution and sustainability. Successful leadership clearly outlines quotients, gives its teams direction and what it takes to…...
mlaWorks Cited
Ashan, Jitu. IMPORTANCE OF ISO & WRAP IN APPAREL INDUSTRY. 18 September 2013. Web. 11 May 2016.
Chand, Smriti. 7 Most Influential Factors Affecting Foreign Trade. 2015. Web. 11 May 2016
Gittell, Ross, Magnusson, Matt and Merenda, Michael. "Government, Public Policy, and Sustainable Business." Ross Gittell, Matt Magnusson and Michael Merenda. Sustainable Business Cases. Flat World Knowledge, 2013. 99-140.
PricewaterhouseCoopers. "How leadership must change to meet the future." 2008 March. PricewaterhouseCoopers. Web. 12 May 2016.
Sainsbury's Business Environment
Mission, vision, objectives, goals and core competence
Sainsbury's chain of supermarkets is the leading store of food retailing in Britain. A single store offers approximately thirty-two thousand varieties of products among them fresh produce and own brand comprising of fifty percent total products. A variety of grocery products and quality foods are sold by the chain of supermarkets. Additionally, they offer other services and products such as petrol stations, restaurants, coffee shops, pharmaceuticals, home ware, clothing, fish, meat, and bakery. The company emphasizes on the mission of "ensuring Sainsbury regains its greatness" (Comim & Qizilbash, 2008). Following this mission, the firm has established the following goals:
Delivering a regularly improving the experience of quality shopping to clients at fair prices for great products
Exceeding customer expectations for tasty, fresh, safe and healthy food to help ensure customers' lives are easier every day
The core values of Sainsbury include:
I. To get better every…...
mlaReferences
Browne, D.J. (2011). Heinemann business studies for AS level. Oxford: Heinemann.
Comim, F. & Qizilbash, M., (2008). The capability approach: Concepts, measures and applications. Cambridge [etc.: Cambridge University Press.
Dransfield, R. (2010). Applied business: AS level for OCR. Oxford: Heinemann.
Dransfield, R., & Needham, D. (2005). Applied business: AS level for OCR. Oxford: Heinemann.
Wal Mart's Business Environment
When most people think of Wal Mart, they will often associate it with the various stores around the globe. This has helped the company to establish a major presence inside the retail marketplace. However, the challenges with the economy and competitive pressures have been impacting the business environment of the firm. To fully understand what is taking place there will be a focus on: the company's financial information, what was learned, how this can be used by management, the firm's financial health, the effects of globalization, examining benchmarks, the best practices, operational and products analysis. Together, these different elements will highlight the strengths and weaknesses of the firm. ("2012 Annual eport," 2012)
eview Wal Mart's income statement, balance sheet, and cash flow to determine the financial health of the company.
Wal Mart is in a strong financial position in contrast with their top competitors. The company has more revenues,…...
mlaReferences
2011 Annual Report. (2011). Target. Retrieved from: https://corporate.target.com/annual-reports/2011/images/company/annual_report_2011/documents/Target_2011_Annual_Report.pdf
2012 Annual Report. (2012). Wal Mart. Retrieved from: http://www.walmartstores.com/sites/annual-report/2012/WalMart_Financials.pdf
Annual Report 2011. (2011). Costco.
Wal Mart Black Friday. (2012). Examiner. Retrieved from: http://www.examiner.com/article/walmart-black-friday-2012-sales-ad-reveals-early-thanksgiving-opening-time
Global Business Environment
AT&T Inc. Code of Ethical Conduct and the Telecommunications Industry
Over centuries, one of the most challenging circumstances for pronounced businesses has been on the "management of global organizations." Many companies have recognized these challenges and relate them to the creation of long-term sustainability developments. Companies also relate the challenges to market growths, technological advancements, resource utilization, as well as human rights and resource management. Their basic assumptions and experiences have centered on the increment of their competitiveness and attractiveness, through integration of sustainability efforts in order to construct a firm base for best financial outcomes. Several researches conducted by economic analysts reveal that such challenges are majorly triggered by unethical business practices, taut competition among businesses, and failure in embracement of technological advancements. This paper closely analyses the AT&T's code of ethical conduct as one of the strategies put forth to help deal with the existing global…...
mlaReferences
Jefferson, D. (2011). The U.S. Securities and Exchange Commission: L-3 Commissions
holdings Inc. American Economic Technologies, 21(3), 43-54.
Leyden, J.L. (2009). The Verizon Communications Inc.: Brief profile and code of conduct.
International Business Journal, 23(9), 105-117.
company Federal Mogul business environments (domestic & international) business theories applied environments. Make environments included. Include a summary environment. Then analyze environment collectively incorporating business theories
Federal Mogul Company
The company's activity is influenced by the internal and external environments. The external environment is represented by the economic, social, technological, political, legal, and environmental factors, customers, employees, managers, suppliers, owners, the government, the community, and others. The internal environment is represented by financial, technical, and human resources.
The External Environment
The Economic Environment
Federal Mogul's activity is significantly influenced by the economic situation on the domestic and international markets. The importance of this environment is reflected in the opportunities and constraints it determines (Business Dictionary, 2011). The economic environment is characterized by the structure of economic activity, the level of development, unemployment rate, and others. These factors are directly or indirectly reflected in the market situation. They determine the volume and structure of the…...
mlaReference list:
1. Kew, J. & Stredwick, J. (2005). Business Environment: Managing in a Strategic Context. Chartered Institute of Personnel and Development. Retrieved August 28, 2011 from http://books.google.ro/books?id=RjS5XTQPnCEC&printsec=frontcover&dq=business+environments&hl=ro#v=onepage&q=business%20environments&f=false .
2. External Environment (2011). Business Dictionary. Retrieved August 28, 2011 from http://www.businessdictionary.com/definition/external-environment.html .
3. Goldman, G. (2006). Strategy: Sustaining Competitive Advantage in a Globalized Context. Retrieved August 28, 2011 from http://books.google.ro/books?id=gTqx36CzB88C&pg=PA46&dq=business+internal+environment&hl=ro#v=onepage&q=business%20internal%20environment&f=false .
internal and external business environment of two fast food giants, McDonald's and KFC. The major sections of the paper include introduction to the companies; the competitive analysis of the fast food industry using five forces model; the Balanced Scorecard and SWOT analysis of the companies; and a set of recommendations in the light of these analyses.
The purpose of this paper is to present an analysis of the Global fast food industry using Michael Porter's Five Forces Model and then evaluate the past, current, and projected performance of two companies from the industry using Balanced Scorecard approach. The paper also presents SWOT analysis of the companies and recommends strategies which can help them in moving forward in the industry in a more competitive and profitable way. The companies selected for this research paper are McDonald's and KFC which are the top market leaders in the Global fast food industry. McDonald's…...
mlaReferences
About McDonald's, (2011). Sustainability Scorecard. Retrieved on March 27th, 2013, from
Birn, R. (2004). Effective Use of Market Research: How to Drive and Focus Better Business Decisions, 4th Edition. London: Kogan Page
Blythe, J., & Megicks, P. (2010). Marketing Planning: Strategy, Environment and Context, 3rd Edition. U.K: Prentice Hall
Ellwood, I. (2002). The essential brand book: over 100 techniques to increase brand value. 2nd Edition. London: Kogan Page
International Business Environment
My Firm's Acquisition You write a (4-8) page report answers: • As a CEO, acquire a foreign firm. The size firm double, largest industry. What firm foreign firm acquire ? Where firms based? •You enthusiastic opportunity a leading captain industry power, prestige, income.
Greys Technological Company Acquisition
Grey Technological Company (GTC) is a corporation with interests in Information Technology and Telecommunications (IT&T) and Business Process Outsourcing (BPO) located in the United States. It is one of the leading technological firms, which manufactures and exports IT&T products. For over 15 years, we have been selling these products, in the central and northwest regions of the United States. During the initial seven years of our business, we have succeeded in expanding globally in Argentina, Mexico and Chile.
The target company is a foreign IT firm that located in India that has interests in Online Computer Games (OCG). They are a group of internationally…...
mlaReferences
Javidan, M. (2006). Mergers and acquisitions: creating integrative knowledge. New York:
Wiley-Blackwell.
Mendenhall, M.E. (2005). Mergers and acquisitions: managing culture and human resources.
London:Stanford University Press.
1. Part I:
Study objectives
Although the objective for this study is singular, it encompasses multiple dimensions. Comprehensively, it seeks to examine the role of business management within contemporary India. Therefore, the notion of management is couched within the modern business climate in India. India has always had a bevy of unique characteristics that substantially affect its workplace environment. This study seeks to stratify many of those characteristics and analyze them within the greater context of business management within this country.
More specifically, then, this study will identify the most salient factors of the business environment in India. These include factors such as those pertaining to politics, economics, ethics, legality, culture, and society. By assessing each of these factors as they relate to the country, the author of this study hopes to attain an overview of the various resources which business managers will have while engaged in this country. Simultaneously, this resource should…...
mlaReferences
Iyengar, R. (2017). India\\'s economy in \\'downward spiral.\\' What did Modi get wrong? Retrieved from 2017/10/04/news/economy/india-economy-modi-slowdown/index.html?iid=ELKumar, N., Wu, H. (2017). Indian Prime Minister faces growing criticism as economy bites. http://edition.cnn.com/ Retrieved from http://edition.cnn.com/2017/09/29/asia/modi-indian-prime-minister-criticism-economy/index.html?iid=ELThe Economic Times. (2017). India Inc feels doing business in India getting easier but land an issue. https://economictimes.indiatimes.com/ Retrieved from https://economictimes.indiatimes.com/news/economy/indicators/india-inc-feels-doing-business-in-india-getting-easier-but-land-an-issue/articleshow/61784764.cmsThe World Bank. (2017). Ease of doing business in India. www.doingbusiness.org/ Retrieved from http://www.doingbusiness.org/data/exploreeconomies/india#starting-a-businessThenmozhi, M. (2017). Approaches to management. http://nptel.ac.in/ Retrieved from http://nptel.ac.in/courses/IIT-MADRAS/Management_Science_I/slides/1_3s.pdfWorld Population Review. (2017). India population 2017. http://worldpopulationreview.com/ Retrieved from http://worldpopulationreview.com/countries/india-population/http://money.cnn.com/
1. Introduction
Founded by Jack Friedman, JAKKS Pacific “designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products” (Reuters, 2018). The company’s current CEO is Stephen Berman. Being a licensee to a number of well-known trademarks including, but not limited to, Nintendo and Star Wars, JAKKS Pacific remains a key player in the toys and related products marketplace.
2. JAKKS Pacific Vision and Mission
The mission statement of the company highlights three areas of relevance – the development of products that not only bring about fun, but also encourage interaction and promote learning. The mission of the company is stated as:
“JAKKS engages children in creative play with products that encourage learning and interaction, and most importantly – fun!” (JAKKS Pacific, 2018).
The company’s vision statement, in addition to indicating the entity’s ambition, also provides a framework…...
mlaReferences
Business Wire. (2016). JAKKS Pacific Acquires C’est Moi™ Professional Skincare and Performance Makeup Brand. Retrieved from Hasbro Inc. (2018). Hasbro: Brands. Retrieved from https://www.hasbro.com/en-us/Hill, C. & Jones, G. (2012). Strategic Management: An Integrated Approach (8th ed.). Mason, OH: Cengage Learning.JAKKS Pacific. (2018). Jakks Pacific. Retrieved from https://www.jakks.com/Marvel Entertainment. (2018). Marvel. Retrieved from http://marvel.com/Mattel Inc. (2018). News Room. Retrieved from https://news.mattel.com/Moyer, R.C., McGuian, J.R. & Rao, R.P. (2017). Contemporary Financial Management (14th ed.). Belmont, CA: Cengage Learning.Reuters. (2018). JAKKS PACIFIC Inc. (JAKK.O). Retrieved from https://www.reuters.com/finance/stocks/financial-highlights/JAKK.Ohttps://www.businesswire.com/news/home/20161017005224/en/JAKKS-Pacific-Acquires-C%E2%80%99est-Moi%E2%84%A2-Professional-Skincare
The Agency of Diversity Managers in Organizational Change
The article by Tatli and Ozbilgin (2009) identifies three concepts that are essential for understanding the diversity manager’s agency in the organizational change process: these concepts are 1) situatedness, 2) relationality, and 3) praxis. This three-dimensional conceptual framework used to chart the manager’s agency embeds it “in the process of organizational change” (Tatli & Ozbilgin, 2009, p. 247). This paper will provide a synopsis of the article by Tatlie and Ozbilgin (2009) and describe the authors’ conceptual framework in detail and discuss the three concepts used to develop a deeper understanding of the agency of diversity managers in organizational change.
Tatli and Ozbilgin (2009) state that “in our framework, social field of diversity management refers to three historically formed structures at the social level: cultural and demographic dynamics in the labour market; institutional structures regarding diversity and equality (legislation and institutional actors); and the…...
mlaReferences
Tatli, A., Ozbilgin, M. (2009). Understanding diversity managers’ role in organizational change: Towards a conceptual framework. Canadian Journal of Administrative Sciences, 26, 244-258.
There has been little in the way of fiscal policy, and the result has been entirely predictable. ith no particular influx of spending into the economy, the recovery has generally been quite weak. ith no fiscal policy tools on the horizon, it is therefore unlikely that any improvement to the recovery will take place.
International business is also an option for a company to improve its situation. If a company wants to sell, for example, running shoes, it has a number of options for this. The company could make the shoes in one country and sell them around the world. The company could also make the shoes in a number of different countries for local sale. It is recommended that the country should take advantage of economies of scale and produce in one country. Then, the company should sell the shoes all over the world. It can use local help…...
mlaWorks Cited:
World Economic Forum (2013). Global agenda council on the role of business. World Economic Forum. Retrieved May 5, 2013 from http://www.weforum.org/content/global-agenda-council-role-business-2012-2013
Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine Retrieved May 5, 2013 from http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
Labonte, M. (2013). Federal Reserve: Unconventional monetary policy options. Congressional Research Service. Retrieved May 5, 2013 from http://www.fas.org/sgp/crs/misc/R42962.pdf
UK National Environment
In UK, the allocation of resources is purely based on the forces of demand and supply. This form of economy is a free economy in which competition is embraced and firms have to become efficient to increase their level of competitiveness. The government only intervene to provide the necessary infrastructure and to ensure that consumers are not exploited by the businesses. Besides, the government will formulate policies that ensure fair competition and collect revenues for the country development agenda. With these, businesses must ensure that they operate within the law and abide by the regulations that are set by the state. Barr Company can therefore conduct business in a competitive industry without government interference on what form of business to do or the amount of prices to charge on their products. The management has large latitude of choice to make on how to produce, what to produce, and…...
mlaReferences
2003. Soft drinks in the UK, London, Euromonitor.
A.G., B.P.L.C. 2012. a.G, Barr plc financial results 2012 [Online]. Available: http://www.agbarr.co.uk/agbarr/newsite/ces_docstore.nsf/wpg/1B9A74B86C552270802579CD00485134/$file/Final%20results%20announcement%20January%202012.pdf .
AGRAA, a. 2007. The European Union: economics and policies (8th ed.), Cambridge, Cambridge University Press.
BOTHA, a. & KOURIE, D. 2008. Coping with continuous change in the business environment:knowledge management and knowledge management technology, Oxford, Chandos Pub.
1. The impact of supply and demand on interest rates in HSBC Bank
2. The role of elasticity in determining pricing strategies in HSBC Bank
3. The concept of opportunity cost in investment decisions at HSBC Bank
4. The influence of market structure on competition and pricing in HSBC Bank
5. The effects of government regulation on the banking industry and HSBC Bank specifically
6. The relationship between marginal utility and consumer behavior in the banking sector, with a focus on HSBC Bank
7. The concept of economies of scale and how it applies to HSBC Bank's operations and growth strategies
8. The principles of cost-benefit analysis....
1. Data-driven decision making: Business statistics provide organizations with quantitative data that can be used to make informed decisions. By analyzing data on market trends, customer behavior, and operational performance, organizations can make strategic decisions that are based on evidence rather than intuition.
2. Performance measurement: Business statistics allow organizations to track their performance over time and compare it to industry benchmarks. By measuring key performance indicators (KPIs) such as revenue, profit margins, and customer satisfaction levels, organizations can identify areas for improvement and set goals for future growth.
3. Risk management: Business statistics can help organizations identify potential risks and opportunities....
Reflective Essay: Accounting Theory
Accounting theory is an essential part of the accounting profession as it provides a framework for understanding and interpreting financial information. Throughout my studies in accounting, I have learned about various accounting theories that have significantly influenced the way financial transactions are recorded and reported. In this reflective essay, I will discuss my thoughts and insights on accounting theory and its relevance in the field of accounting.
One of the accounting theories that I found most intriguing is the Positive Accounting Theory. This theory suggests that accounting practices are developed based on the self-interest of individuals or organizations.....
1. The Evolution of Nestlé's Corporate Strategy: A Historical Analysis
Trace the evolution of Nestlé's corporate strategy from its inception to the present day.
Analyze the key factors that have driven strategic changes, such as market conditions, technological advancements, and regulatory shifts.
Evaluate the effectiveness of Nestlé's past strategies in achieving its business objectives.
2. Nestlé's Global Expansion through Acquisitions: A Case Study
Examine Nestlé's extensive history of acquisitions as a key element of its corporate strategy.
Analyze specific case studies of major acquisitions, highlighting the strategic rationale and outcomes.
Evaluate the risks and rewards associated with Nestlé's acquisition-driven growth strategy.
3.....
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