Business Problem Essays (Examples)

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Essay
Business Problem at Uit As You All
Pages: 5 Words: 1481

Business Problem at UIT.
As you all know, there is a serious problem of lack of profitability in the Unit Investment Trust. Before taking any action, management would like to get an idea of the ideas and suggestions that might be out there that we haven't looked at. This is your chance to possibly make a difference. (If you need more room, please feel free to write as much as you wish.)

Are you aware that there are problems in the Unit Investment Trust department? ____Yes__No

What is your perception of the problem/s in the Unit Investment Trust?

Do you think there is some way this problem could have been prevented?

One of the problems identified is the fact that UIT uses a whole different accounting system.

Is there some way besides converting to another system or other departments converting to UIT's system, to solve this problem?

5. Is there justification for this particular expense? How is…...

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Reference

Cochrane, J.H. (1999) "New Facts in Finance." Economic Perspectives Vol. 23 http:www.questia.com/PM.qst?action=print&docID5001821987&pgNum=1&WebLogicRetrieved 7/12/2004

McFaden, S. (2004) "Buying Patterns." Boston Business Journal http:www.bizjournals.com/salespower/2004/07/12/1.html. Retrieved 7/12/04

Essay
Business Problem Proposal Proposed Company
Pages: 14 Words: 3942


2009

2008

ART

8.54

8.84

ACP

42.74

41.27

Iturnover

15.13

14.23

Inventory Age

24.12

25.65

Comments: Ford shows unfavorable activity ratios, which is indicative of the fact that the company is using its assets efficiently to meet financial requirements. All measures, except ART improved over time (from 2008 to 2009).

2009

2008

Debt/Equity

2.04

1.62

Debt/Assets

0.40

0.36

TIE

-2.35

2.25

Comments: Ford uses debt heavily to finance the growth of the company. Overall the company is servicing the debt well and is stable over time, even though the loss in 2009 has affected the capital structure formation.

2009

2008

Profit Margin

-0.06

0.03

ROA

-0.05

0.02

ROI

-0.25

0.09

2009

2008

EPS

-2.38

1.08

PE Ratio

-8.95

18.92

Dividend Payout

-0.10

0.15

Ford Motor does not have good short-term liquidity -- however, this is expected, since the company has mostly long-term assets and the associated current liabilities within a heavily capitalized firm like Ford Motor will not be covered by current assets completely.

Ford is Uncompetitive and eak hen Compared to Competitors

Ford Motor is within a very competitive industry that requires the company to be innovative and continually develop products that can meet market demand and changing consumer tastes.…...

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Works Cited

Bureau of Labor Statistics, (2007 July). News: Consumer Price Index June 2007. Bureau of Labor Statistics: United States Department of Labor. Retrieved May 5, 2010 from  http://www.bls.gov/news.release/pdf/cpi.pdf 

Cooney, S. (2007 April). China's impact on the U.S. automotive industry. Congressional Research Service. Retrieved May 5, 2010 from  http://www.fas.org/sgp/crs/misc/RL33317.pdf 

Cooney, S. And Yacobucci, B. (2006 April). U.S. automotive industry: policy overview and recent history. Congressional Research Service. Retrieved May 5, 2010 from http://www.ncseonline.org/NLE/CRSreports/05apr/RL32883.pdf

Fine, C., Lafrance, J. And Hillebrand, D. (1996 December). U.S. automobile manufacturing industry. U.S. Department of Commerce: Office of Technology Policy. Retrieved on May 5, 2010 http://www.technology.gov/Reports/autos/auto.pdf

Essay
Business Problem -- Chattanooga Ice
Pages: 3 Words: 1026


Initially, Charlie's decision to radically change managing styles from that of his predecessor was a mistake. Generally, leadership changes already have a disruptive effect on the management team (McFarlin, 2006); therefore, radical changes should be avoided unless there are very specific and good reasons to depart from what worked previously, at least until the new leader has established their trust and confidence (Maxwell, 2007). In this case, Charlie was already in possession of sufficient information to know that his team could not simply begin collaborating effectively under a consensus-based approach to decision-making. Charlie should have known that before any such change in management and leadership style could possibly be successful, he would have had to first establish a culture of openness that precluded privately voiced complaints by heads of departments about other departments that they would not repeat in a group meeting. That culture of honesty and of mutual respect…...

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References

George, J.M. And Jones, G.R. (2008). Understanding and Managing Organizational

Behavior. Upper Saddle River, NJ: Prentice Hall.

Kinicki, A. And Williams, B. (2005). Management: A Practical Approach. New York:

McGraw-Hill.

Essay
Business Problem -- Riordan Manufacturing
Pages: 3 Words: 915

pecifically, Riordan stocks the polymer material despite the fact that the material is obtained locally and poses no risk of unavailability or delivery problems. Conversely, it, does not stock the electric motors even though their availability is both crucial to Riordan's production and supply chain and also subject to predictable shortages of as much as 7%. Naturally, the solution would be to stock the electric motors instead of the polymer based on their respective availability.
hipping Costs

The failure of Riordan to stock the electric motors may also be contributing to its overhead expenses unnecessarily. Granted, wholesale demand and standard commercial practices may impose certain restrictions of the ultimate flexibility that Riordan has with respect to its production and supply cycle. However, to whatever extent possible, Riordan should seek to reduce its shipping costs by relying on shipping by sea instead of shipping by air. One way it could accomplish this…...

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Sources Consulted

George, J.M. And Jones, G.R. (2008). Understanding and Managing Organizational

Behavior. Upper Saddle River, NJ: Prentice Hall.

Kinicki, a. And Williams, B. (2005). Management: A Practical Approach. New York:

McGraw-Hill.

Essay
Business Problem Reversal Recent Headline
Pages: 2 Words: 795

In fact, Don should have handled the situation honorably from the beginning, to gain respects from Charlie and others, and show his caring and concern for his workforce. Instead of promising his superior that he would do what it takes to ensure the project is done, he should have noted that the project could not be completed if the budget is cut, and that he would complete as much of it as possible. He also should have noted Charlie's opportunity, and attempted to gain the funds to ensure he could stay with the company. His decision to lie to his supervisor and his employee with unethical, and undermines his decision-making capabilities and trustworthiness as a manager and employee.
The only way Don can rectify the situation is to do the right thing and tell the truth to everyone involved. As another writer says, "It pays to be good" (Norris, 2006),…...

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References

Editors. (2006). Ethics story raises issues and answers. Retrieved from the Find Articles Web site:   March 2007.http://findarticles.com/p/articles/mi_m3495/is_5_51/ai_n1637262312 

Norris, C. (2006). Ethical and unethical practices: "It pays to be good." Retrieved from the Charles Stewart University Web site: March 2007.http://hsc.csu.edu.au/business_studies/employment_relations/2505/itpaystobegood.html12

Wilkins, D.B. (2006). Good work. Retrieved from Harvardmagazine.com Web site:   March 2007.http://www.harvardmagazine.com/online/050448.html12 

Essay
Business Problems That You See
Pages: 2 Words: 583

Due to the potential lack of personnel with IT skills, it is probably best to implement an entire ERP solution. Again, keeping in line with the size of the business, this does not need to be a very complex one. It will, however, be helpful in dealing with some of the human resources challenges that may arise in the process of developing and expanding the company.
For this last matter, it is important to note the fact that some of the opportunities that may arise, such as the B2B segment or simply opening a website where the tickets can be sold, will also mean an increase in personnel, which will make the use of an ERP solution even more important.

Further more, developing and expanding will also mean that the supply chain will be much more complex. In the current phase, tickets are purchased or produced and sold further on to…...

Essay
Root-Cause Analysis Business Problem-Solving
Pages: 3 Words: 961

Business Problem-Solving: oot-Cause Analysis
The oot Cause Approach

oot cause analysis is a popular problem-solving technique that seeks to bring out, and respond to, the deeper causes of a problem as opposed to only those that are visible on the surface (Okes, 2009). It allows one to look deeper into a problem so as to determine what the underlying causes are, and fix these before the problem escalates to an even bigger one (Okes, 2009). In so doing, one deals with the problem once and for all. Once the root causes are addressed, the chances of recurrence are very slim.

The Questioning to the Void Technique

The questioning to the void technique, commonly referred to as the 5 why's technique, is one of the three approaches of root cause analysis. It basically entails asking the question 'why' five times so as to understand the exact nature of a problem (Anderson, 2009). It is believed…...

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References

Anderson, S. (2009). Root Cause Analysis: Addressing Some Limitations of the 5 Why's. Quality Digest. Retrieved 17 February 2015 from  http://www.qualitydigest.com/inside/fda-compliance-news/root-cause-analysis-addressing-some-limitations-5-why 's.html#

Dew, J.R. (2002). Using Root Cause Analysis to Make the Patient Care System Safe. The University of Alabama. Retrieved 18 February 2015 from http://bama.ua.edu/~st497/UsingRootCauseAnalysis%20.htm

Okes, D. (2009). Root-Cause Analysis: The Core of Problem-Solving and Corrective Action. Milwaukee, WI: ASQ Press.

Essay
Milestone Mobile Model Business Problem The Trend
Pages: 2 Words: 807

Milestone Mobile Model
Business Problem: The trend toward the use of diverse types of phone and tablet equipment presents some significant use problems for those who must rely on certain types of equipment that are tethered to their business resources -- kind of like the limitation that some online video games have in their needing to be connected to console equipment. Milestone has recognized this need and developed a free XProject Mobile video monitoring application that allows for its customers to be "close to what is important" (Milestone, 2012). Their system utilizes variations of onsite camera and site security packages to monitor locations for improper behaviors and activities as well as business efficiency. The release of the free Android-compatible Xproject Mobile seeks to sustain the video connection without losing access to key video viewing, capturing and sharing capabilities. The company sees itself as the maker of the "true open platform IP…...

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REFERENCES

Love, D. (2011). COMSCORE: Android has 47% of the mobile market. BusinessInsider.com. Viewable at http://articles.businessinsider.com/2011-12-30/tech/30571342_1_android-platform-smartphone-windows-phone

Milestone (2012). Milestone Corporate website. Viewable at   / .http://www.milestonesys.com/productsandsolutions/xprotectaddonproducts/xprotectmobile 

Milestone SpecSheet (2011). Viewable at  http://www.milestonesys.com/SharePoint/XProtectMobile/Specification%20Sheet/XPMO1_SpecSheet_ENG.pdf 

XProject Mobile (2012). Project Release Notes. Viewable at  http://www.milestonesys.com/SharePoint/XProtectMobile/Release%20Notes/XPMO1_ReleaseNotes_ENG.pdf

Essay
Business Plan Funeral Services Business
Pages: 4 Words: 1140

.
One tactic which has made the John Doe group unique in the industry is its recognition of the importance of community in the viability of individual enterprises. Its damaged relationship with the communities in which it has sought to operate can be rectified by aspects of its model which are already in place. Though the company operates thousands of funeral service establishments from a centralized point of authority, its acquisition strategy incorporates the families who have owned and operated the newly purchased assets into the business plan. As a result, John Doe's holdings are hybrid entities, armed with the resources of a large parent company but endowed with the close community relationship of an independent business. Taking advantage of this model should be central to the company's overall reversal of its negative public image. This will demand that the new core of central leadership make an effort to increase…...

Essay
Business Ethics
Pages: 5 Words: 1634

Business Ethics
Ethical issues and dilemmas have always been hitting the operational performance and sustainability of business organizations. They directly affect the way an organization formulates and implements its policies, operates as an active participant in the industry, and competes with other organizations for the sake of accomplishing its strategic objectives. Ethical issues may relate to the organization's social responsibility or corporate responsibility; both are vital for the organization to ensure a sustainable future in its industry. This paper discusses an ethical issue which was faced by one of the world's most admired organizations -- Apple Inc. The main purpose of the paper is to highlight the ethical issue in which Apple was involved; the consequences of the ethical issue and the individuals involved in the process. The paper starts with a brief introduction to Apple; its main product offerings, industry, scale of operations, and major strategic decisions which it makes…...

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References

Apple, (2012). Labor and Human Rights. Retrieved on September 26th, 2012, from

Enderle, R. (2010). Apple and the Ethical/Business Problems of Child Labor and Other Unsavory Practices. Retrieved on September 26th, 2012, from

Hinks, P. (2012). Apple's new leader faces ethical dilemmas at Foxconn. Retrieved on September 26th, 2012, from

Hyatt, J.C. (2012). Apple, Foxconn, Promise Improvements for Workers. Retrieved on September 26th, 2012, from

Essay
Business Programs in Canada
Pages: 5 Words: 1691

Business intelligence degrees are not entirely available in Canadian colleges as ‘Business Intelligence’. For example, a private university like University of British Columbia has the Business and Computer Science Bachelor’s degree. It combines a typical business degree with background and experience in computer science. “The Business and Computer Science combined major will give you the technical background and understanding to apply IT solutions in a business context and use them to develop opportunities for growth” (UBC, 2018). Each semester, students take a combination of commerce and computer science-related courses. The official degree name is Bachelor of Commerce and takes on average, 4 years to complete. This kind of BI program is located mainly in the computer science department with year 1 courses consisting of computation, programs, and programing, models of computation, and integral calculus. Although commerce essentials are part of the program as well, like managerial accounting, course offering consisting of…...

Essay
Business and Political Argument Against
Pages: 10 Words: 2773

The government has rather low environmental expectations. In fact, the consultant found that they are about as lenient as the Mexican restrictions, though the Philippines presents no public relations nightmare as protestors are not rallying against health concerns, as they were in Mexico.
Although the conditions in the Philippines may seem even more ready for outsourcing then the conditions in Mexico, the ethical costs of operating the company in the country are once again too high. Like the situation in Mexico, workers in the Philippines may work for lower wages than workers in the United States, but owners are not being provided with the same level of skill that they would be if continuing to operate the factory in the United States. Because the factory workers would consist mainly of underfed adults and impoverished children, the company would be lucky if workers managed to produce sufficient amounts of products throughout…...

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References

Esselaar, Jeanne. (2002). The Debate over Outsourcing in South Africa: Evidence from a case study. Proceedings from Development Policy Research Unit Conference '02. Muldersdrift, Johannesburg.

Casale, Frank J. (2006). The Outsourcing Institute: Mexico Trends & Opportunities.

Retrieved June 1, 2008, from, http://www.outsourcing.com/mexico_trends/mexico.html

Roberts, Russell (2000). The Choice. New Jersey: Prentice Hall.

Essay
Problem Statement Impact of Emotional Intelligence on Teamwork
Pages: 2 Words: 171

Problem Statement In the words of Quisenberry (2018), “while increased challenges are prevalent during virtual teaming arrangements, there seems to be evidence supporting that virtual team performance can be improved when team members have higher emotional quotients.” This is particularly the case given that various studies seem to suggest that the most common difficulties virtual teams encounter have got to do with failure by team members to effectively self-manage, share knowledge, and integrate the…...

Essay
Business Ethics in His Book
Pages: 5 Words: 1739

However, she will either not feel comfortable in the culture and leave or, she will at least give thought to her actions at work and behave ethically so she is not fired.
Outline:

Introduction

Thesis statement: How a person acts in their personal life is indicative of how he/she will act in business.

Need more involvement from secondary schools and companies as role models.

Personal situation at work with unethical employee.

A. Anomie outside of work will remain or get worse in work situations.

Personal situation at work with ethical employee

Like first supervisor, his work ethics the same as personal ethics.

My personal values. Do not always meet expectations for myself or others.

What can be done?

A. Companies and universities have to work together to instill ethical values in employees.

eferences

Frederick, William C Corporation, be good!: the story of corporate social responsibility. Minneapolis: Dog Ear, 2006.

Andrews, L.W. (2005) the nexus of ethics

H Magazine. [electronic form].

Beggs, J.M., and Dean, K.L.…...

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References

Frederick, William C Corporation, be good!: the story of corporate social responsibility. Minneapolis: Dog Ear, 2006.

Andrews, L.W. (2005) the nexus of ethics

HR Magazine. [electronic form].

Beggs, J.M., and Dean, K.L. (2007) Legislated Ethics or Ethics Education?:

Essay
Business Research the Issues of
Pages: 4 Words: 1875

This underscores why hypotheses are so critical for a research design, because as can be seen from the above discussion, they have a direct bearing on the selection of variables, the selection of research strategies, and ultimately how the research is used. The selection of variables were based, in both studies, on those factors most controllable by either the online e-tailers themselves or in the case of organizations, measurable internally and susceptible to arbitrary standards. Notice that each set of variables, in each studies, does not look to an external evaluation of trustworthiness. The use of attitudinal variables, the collection of psychographic data both from online customers and it professionals to ascertain how they are grouping themselves, and a more precise set of hypotheses and research variables would yield a much more balanced and accurate assessment of the issues of online trust and it Professional performance as it relates…...

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References

Krishnamurthy, Sandeep. An Empirical Study of the Causal Antecedents of Customer Confidence in E-Tailers by First Monday, volume 6, number 1 (January 2001),

URL:

 http://firstmonday.org/issues/issue6_1/krishnamurthy/index.html 

Oz, Effy. Organizational commitment and ethical behavior: An empirical study of information system professionals. Journal of Business Ethics; Dordrecht; Nov 2001

Q/A
How can a thorough case study analysis provide valuable insights for decision-making and problem-solving in business management?
Words: 528

A thorough case study analysis can provide valuable insights for decision-making and problem-solving in business management in the following ways:

1. Identification of key issues: By analyzing a case study, managers can identify the key issues and problems faced by the company. This helps them to understand the root causes of the problems and determine the best course of action to address them.

2. Evaluation of different strategies: Case studies often present different strategies that a company has used to solve a problem or achieve a goal. By analyzing these strategies, managers can evaluate their effectiveness and determine which approach is most....

Q/A
How can a thorough case study analysis provide valuable insights for decision-making and problem-solving in business management?
Words: 493

Thorough Case Study Analysis for Informed Decision-Making and Problem-Solving

Introduction
In business management, case study analysis is a powerful tool for extracting valuable insights to support decision-making and problem-solving. By examining real-world business scenarios in depth, managers can gain a comprehensive understanding of challenges, identify potential solutions, and develop effective strategies.

Value of Case Study Analysis

1. Contextual Understanding:
Case studies provide a holistic view of business situations, including the relevant market, competitive landscape, and organizational dynamics. This context informs decision makers about the factors that influence business performance and the specific challenges faced.

2. Problem Identification:
Through detailed analysis, case studies help identify the root causes....

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