business setting increase team's motivation, satisfaction, performance. Address specific differences attitudes, emotions, personalities, values collaboration, difference influences behavior.
Overall business interactions are becoming more global. Many large corporations are outsourcing manufacturing and service jobs overseas where labor is cheaper. Currently 54% of fortune 500 companies outsource at least one core business function ( "IT Outsourcing Market, 2010). With the advent of the internet, firms are drastically cutting travel expenses but utilizing online video conferencing services. These services allow for the seamless and effortless communication of individuals anywhere in the world. With this increase in global outsourcing creates a corresponding increase in international teams. Individual group members are often located in entirely different areas of the world but still must work together to achieve company objectives. A challenge that many global corporations now face is that of employee moral and motivation. How can you motivate individuals with entirely different motives, customs…...
mlaReferences
1) Author Unknown. Knowledge Systems and Research, IT OUTSOURCING MARKET:STRONG, GROWING…AND WITH HIGH
CUSTOMER EXPECTATIONS (Online). Available: (April 24, 2011)http://www-935.ibm.com/services/us/imc/pdf/wp-it-outsourcing-market.pdf
2) Author Unknown. Hofstede's Cultural Dimensions Understanding Workplace Values around the World (online). Available: (April 24, 2011)http://www.mindtools.com/pages/article/newLDR_66.htm
3) Author Unknown. Geert Hofstede's Cultural Dimensions (online). Available: (April 24, 2011)http://www.geert-hofstede.com/geert_hofstede_contrarian_position.shtml
At the professional level, it is necessary to be prepared and equipped with the proper training on basic business practices and etiquette in Chinese business culture. Chinese society is generally a highly collective group, but respects a degree of power distance between each other. For them, individuals must know his or her place in the organization, and his/her actions must be based from this stature. Thus, they are used to working together as a group, but they maintain a degree of respect to individuals who are either senior or have more superior positions in the organization, or both. Thus, foreign staff members must learn to respect, and more often, adhere to this practice in the society. Since values are greatly respected in Chinese business culture, this is a mandatory practice that must not be forgotten especially when in the presence of Chinese affiliates with crucial roles in the success of…...
mlaReferences
Erbacher, D. (2006). "Expatriate success in China: impact of personal and situational factors." The Journal of American Academy of Business, Cambridge, Vol. 9.
Gleb, C. And D. Chen. (2004). "Going West: A progress report." The China Business Review.
Powers, P. (2005). "What a difference a decade makes." The China Business Review.
Varner, I. (2000). "The theoretical foundation for intercultural business communication: a conceptual model." The Journal Business of Communication.
communications in a business setting compromise the work of that business, a solution must be found for the benefit of the company and of all who work there. Problems can arise when employees whose tasks require written communications skills are deficient in those skills. Problems can arise also when employees are expected to both understand and explain matters verbally and nonverbally.
The cure for the first problem could be as simple as sending the employee in question for writing instruction.
The cure for the second is, however, much less straightforward. The problem might arise because of the use, or misuse, of strategic ambiguity either by the employee exhibiting the problem, or by managers and colleagues who deal with her. Or it might be caused by an unrecognized personal problem of the employee, for example, a drinking/drugs problem or a cognitive disability of short or long duration. This paper looks at a…...
mlaReferences
Ames, Genevieve M., Joel W. Grube, and Roland S. Moore. 'The relationship of drinking and hangovers to workplace problems: an empirical study." Journal of Studies on Alcohol 58, no. 1 (1997): 37+.
Cooper, Lynn O. "Listening competency in the workplace: a model for training." Business Communication Quarterly 60, no. 4 (1997): 75+.
Crombie, Winifred, and Helen Samujh. "Negative messages as strategic communication: a case study of a New Zealand company's annual executive letter." The Journal of Business Communication 36, no. 3 (1999): 229.
Krider, Diane S., and Peter G. Ross. "The experiences of women in a public relations firm: a phenomenological explication." The Journal of Business Communication 34, no. 4 (1997): 437+.
stakeholders in the project have had friction throughout the program which you -- as the manager -- have been able to resolve. The latest conflict seems to be very destructive to the completion of the project. The project is on a very tight time line, and the resolution must be determined quickly.
Conflict resolution is a critical component within managements overall skillset. Due primarily to changes in culture and organizational structures, conflicts occur. It is up to management to effectively handle these conflicts for the benefit of the entire organization. Two articles that provide valuable insight into conflict resolution are entitled. "Bargaining: Power, Tactics and Outcomes," and "Strategic Management of the Family Business: Past esearch and Future Challenges."
The first article provides insights into bargaining situations with an emphasis placed on conflict resolution. The proposed framework in bargaining power is based on the notion of dependence. It also emphasizes the tactical…...
mlaReferences
1) Augsburger, D. (1992). Conflict mediation across cultures. Louisville, Kentucky: Westminster / John Knox Press.
2) Bannon, I. & Paul Collier (Eds.). (2003). Natural resources and violent conflict: Options and actions. Washington, D.C: The World Bank.
3) Family Business Review March 1997 vol. 10 no. 1 1-35
Technological Collaboration
Collaboration tools in business settings are becoming more and more important. About 20% of people who work via technology already say they have never met their bosses (CNET, 2011). Yet, for the most part, many business or project teams seeking collaboration methods do so without fully understanding the resources and their implications (osen, 2010). Most organizations use such services for virtual meetings or document sharing, not for the more complex capabilities opportunities.
In determining what kinds of collaboration systems issues may be appropriate, it is important to look at the size of one's business and the size of one's need. Even though fully integrated systems are now coming online, many business still likely need only piecemeal elements, though they want them to be services that will compatible in the future. In fact, companies tend to place their collaborative activities next to technologies to more or less see what happens (Keitt,…...
mlaREFERENCES
CNET (2011). Collaboration: Tools and Technologies. CBSNews.com. Retrieved from http://www.bnet.com/2422-13722_23-175108.html?promo=713&tag=nl.e713
Collaborative Software, (2009). Wikipedia. Retrieved from http://en.wikipedia.org/wiki/List_of_collaborative_software
Gould. D. (2006). Methods and technologies. Fifth Generation Work: Virtual Organization. Retrieved from http://www.seanet.com/~daveg/technolo.htm .
Iskold, A. (2009). Software for virtual teams. Read/Write Web. Retrieved from http://www.readwriteweb.com/archives/software_for_virtual_teams.php
When it comes to working in any sort of organization or corporation, one of the obvious chasms that becomes clear here is the relationship between theory and what is practiced in a small business setting. To truly look at and assess that paradigm, the author of this report has interviewed an owner/manager at a small business to discuss what they do to make things work, what is suggested in theory and scholarly literature and how those frameworks and lessons do or do not work for their particular situation. The author of this report will personally be making a comparison and contrast between what is asserted within the literature and compare it to the feedback and personal experience narrative of the owner/manager. A common refrain seen in the blogosphere and elsewhere is that there is a disconnect between what is suggested in the minds of theorists and within the so-called ivory…...
Business Plan for a Financial Divorce Software
Business Plan Divorce Software
Business Plan relating to the Sales of a new Financial Divorce Software.
Business Plan relating to the Sales of a new Financial Divorce Software
F
F1
F2
F3
G1
G1(a)
G1(b)
G1(c)
Business Identification
Keys to Success
Company Summary
Industry History
Legal Form of Ownership
Location and Facilities
Management Structure
Products and Service
Market Analysis
Target Market
Industry Analysis
Competitive Analysis
Market Strategy
Ps of Marketing
Price List
Selling Strategy
Sales Forecast
Implementation Strategy
Overall Strategy
Implementation
Control Plan
Financial Statements and Projections
evenue and Cost Estimate
Forecasted Profit and Loss Statement
Forecasted Balance Sheet
Financial Assumptions
Breakeven Point
Financial Position
Capital/Investment Needs
Conclusion
eferences
Executive Summary
Financial planning is involved in every aspect of life. Individuals and businesses have to formulate their daily, monthly, and yearly budgets in order to achieve a balance between their incomes and expenditures. Among other matters, divorce is also a critical issue in individuals' lives. In addition to family conflicts and break-ups, divorce also brings serious financial problems for both the parties (Women Advisors Forum, 2011). Therefore, it is very important to have advice from financial planners…...
mlaReferences
Association of Divorce Financial Planners, (2012). Divorce Financial Planning. Retrieved on July 7th, 2012, from
Blythe, J. & Megicks, P. (2010). Marketing Planning: Strategy, Environment and Context, 3rd Edition. U.K: Prentice Hall
Cadle, J., Paul, D., & Yeates, D. (2010). Business Analysis, 2nd Edition. Swindon: British Informatics Society
Francis, P. (2010). Creating the Marketing Executive of the Future Using Key Deming Principles, Journal of Executive Education, 9 (1): 127-138
A company cannot refuse to hire someone with sickle cell anemia (a disease that primarily affects persons of African ancestry), because the person might require costly health insurance, for so long as the person was strong enough to perform the job, discrimination would not be acceptable as it would affect persons disproportionately of one racial category.
Question
Explain trade secret and how it could be protected legally and in day-to-day operations. Provide an example.
According to Nolo.com, an online legal dictionary, a trade secret is:
in] most states, a formula, pattern, physical device, idea, process, compilation of information or other information that 1) provides a business with a competitive advantage, and 2) is treated in a way that can reasonably be expected to prevent the public or competitors from learning about it, absent improper acquisition or theft" ("trade secret, 2007, Nolo.com). Perhaps the most famous trade secret in business is that of the…...
mlaWorks Cited
Elias, Stephen. (1998)."Trade Secret Law: Overview." Nolo Press. Retrieved 8 Apr 2007 at: http://www.marketingtoday.com/legal/tradesec.htm#1
Estoppel." (2007). Nolo.com. Retrieved 8 Apr 2007 at http://www.nolo.com/definition.cfm/term/7F1E56D5-7EC1-4CEB-86B3943F6990FF77
Messiha, Dominic J. & Hillary R. Ross. (May 2006). "EEOC Revises Compliance
Manual to Target More 'Contemporary' Forms of Discrimination." ASAP: Littler Mendelson Time Sensitive Newsletter. Retrieved 8 Apr 2007 at http://www.littler.com/collateral/print/61A7D18C32514B88187D50664174D11F.html
In this case the affair did not have any apparent effect on the business. In fact during the time of the nearly two-year affair profits actually rose. However the whistle blower believed that the affair was morally wrong, particularly because the boss was married with children.
The whistleblower believed that ultimately the affair would be detrimental to the business so he blew the whistle. He believed that the affair was an indication that the boss was a poor decision maker and that this poor decision making would ultimately cause the business some harm. Some people believed that he was not obligated to tell of the affair. However, others argued that it would be just a matter of time before the decisions that he made in his private life would affect the manner in which the business was run. In this instance the idea of preventing harm encompassed a broad scope.…...
mlaWorks cited
Dahlsrud A. (2006) How Corporate Social Responsibility is
Defined: an Analysis of 37 Definitions. Corporate Social Responsibility and Environmental Management.
Davis, Michael. Some Paradoxes of Whistle Blowing. Business and Professional Ethics Journal. 15 (1)
McWilliams A., Siegel D.S. Wright P.M. (2005) Corporate Social Responsibility: Strategic Implications. Retrieved November 24 from; http://www.economics.rpi.edu/workingpapers/rpi0506.pdf
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…...
There are a variety of techniques utilized for quality improvement, each with its own characteristic role in the completion of the procedure as a whole (Methods for Quality Improvement, 2010).
Product improvement is one of the major methods used. The proposal behind this is that the more goods that are improved, the better they will sell. As time progresses, so do significant features of customer approval. Consumers anticipate the essential alterations to be made and will keep making purchases from a particular corporation if their offers change right along with everything else. Enhancements are therefore made to goods that facilitate them to be prepared with the latest features and basics that will help them persist to sell (Methods for Quality Improvement, 2010).
Process improvement is an additional significant aspect of quality improvement. This technique covers the procedures utilized to carry out everyday business operations. This can be everything from the procedures…...
mlaReferences
Just in time production (JIT). (n.d.). Retrieved December 4, 2010, from Tutor2U Web site: http://tutor2u.net/business/production/just-in-time.html
Methods for Quality Improvement. (2010). Retrieved December 4, 2010, from Aveta Business Institute Web site: http://www.sixsigmaonline.org/six-sigma-training-certification-information/methods-for-quality-improvement-2.html
Six Sigma. (2010). Retrieved December 4, 2010, from TopBits Web site: http://www.tech-faq.com/six-sigma.html
Statistical Six Sigma Definition. (2010). Retrieved December 4, 2010, from Web site: http://www.isixsigma.com/index.php?option=com_k2&view=item&layout=item&id=1254&Itemid=110
esearchers have an occasion to further organizational science and to make research practical by producing information that can impact changing organizational forms and circumstances. Pragmatically, academic researchers are not likely to get access to a company that is going through change unless the practitioners believe the research will be helpful (Gibson & Mohrman, 2001).
There have been a number of calls to augment the significance and effectiveness of organizational science to companies. The usefulness challenge cannot be defined merely as getting practitioners to value and include what academics learn. It is believed that the usefulness of research depends, somewhat, on the degree to which the perspectives of organization members are incorporated in research procedures and the results are included into those members' organization design activities that take place as their company adjusts to its changing environment. esearch is more likely to be seen as useful if there are occasions for…...
mlaReferences
Committee on Science, Engineering, and Public Policy (U.S.), National Academy of Sciences
(U.S.), National Academy of Engineering & Institute of Medicine (U.S.). (2009). On
being a scientist: A guide to responsible conduct in research, (3rd ed.). Washington,
D.C.: National Academies Press. Retrieved from:
Business in Mexico
Our company is considering outsourcing and selling products abroad, and I would like you to represent us. In specific, our country of choice is Mexico. In order to be successful there, whoever, and make an effective launch as well as hit the right people and best sell our products (never mind interest the locals to our company), it is important that we become acquainted with the Mexican social and business customs of the country as well as their etiquette in related manners.
This, therefore, is a summary of the research that I have done that should give us some rough knowledge of how to be in the various business and outside-business situations.
I was astonished to discover that sharp differences sometimes exist between American culture and Mexican culture and that this intrudes into business relationships and ways of conducting business that can quite possibly spell the differnce between successful…...
Thee is an advantage in this stategic view to become the biggest and best, and to do it quickly in ode to secue one's position in the maket place.
The geatest stength of the competitive positioning stategy is the ability to descibe maket conditions in a pefect maket. Howeve, its eliance of a single facto fo its analysis, the size of the company in compaison to othe companies in the maket is a key weakness. The following will summaize the compaison and contasts between the esouce-based view and the competitive positioning view of stategic planning.
Similaities of the Two Views
The esouce-based view and the competitive positions view have seveal similaities. Many of these similaities stem fom the fact that they both depend on factos that ae extenal to the company. Fo instance, the activities of consumes and oveall conditions in the economy can affect thei maket position. A majo glut in…...
mlareferences and further reading you must purchase this article.
Das, T., Teng, Bing-Sheng. 2000. A Resource-Based Theory of Strategic Alliances. Journal of Management. January 1, 2000. Available at: [Accessed June 12, 2009].http://www.accessmylibrary.com/coms2/summary_0286-27577718_ITM
Fahy, J. And Smithee, A. 1999. Strategic Marketing and the Resource-Based View of the Firm. Academy of Marketing Science Review. 1999 (10). Available at: [Accessed June 12, 2009].http://www.amsreview.org/articles/fahy10-1999.pdf
Forsman, S. 2000. Resource-Based Strategy Analysis: A Case of Local Food Processing Firms in Finland. Presented in the NJF-seminar "The Food Sector in Transition -- Nordic Research." May 14-15, 2000, Oslo, Finland.
Gordon, J., Lee, P., and Lucas, H. (2005). A resource-based view of competitive advantage at the Port of Singapore. Journal of Strategic Information Systems. 14, pp. 69-86. Available at: [Accessed June 12, 2009].http://www.scribd.com/doc/7107971/A-Resourcebased-View-of-Competitive-Advantage
An example of this can be seen with the Gray Matter Ethics Game at Lockheed Martin. This is a simulation that will take the employee through a host of ethical situations that they could be facing. Where, employees and managers will be able to learn how to apply the standards to various ethical issues that are being faced. This is significant, because it shows how the company is continually practicing and addressing different ethical challenges on a regular basis. In many ways, one could argue that this is what has helped the company to become so successful. As these standards will change the culture within an environment, helping to improve the professionalism of staff and the relationship that they have with customers / suppliers. When you put these two different elements together, this highlights the how Lockheed Martin has been able to use their ethics policy, to change the…...
mlaBibliography
Background on Enron's Dabhol Power Project. (2002). Committee on Government Reform. Retrieved from: http://finance-mba.com/Dabhol_fact_sheet.pdf
Essential Steps for Ethical Problem Solving. (2010). Social Workers. Retrieved from: http://www.socialworkers.org/pubs/code/oepr/steps.asp
Lockheed Martin Gray Matters Game. (n.d.). E-Business Ethics. Retrieved from: http://www.e-businessethics.com/Game.htm
Setting the Standard. (2008). Lockheed Martin. Retrieved from: http://www.lockheedmartin.com/data/assets/corporate/documents/ethics/setting-the-standard.pdf
Approaches to Cross-Cultural Communication
Theories and Models: Examine different theories and models of cross-cultural communication, such as Hofstede's cultural dimensions, Trompenaars' cultural orientations, and Gudykunst's uncertainty reduction theory.
Cultural Intelligence: Explore the concept of cultural intelligence, its components, and how it impacts effective communication across cultures.
Language and Communication: Analyze the role of language in cross-cultural communication, including linguistic barriers, translation challenges, and nonverbal cues.
Cultural Differences and Challenges
Cultural Values and Norms: Examine the influence of cultural values and norms on communication behavior, such as the role of hierarchy, collectivism vs. individualism, and time orientation.
Perception and Attribution: Discuss how....
1. Legal action: Breaching fiduciary duty can lead to legal action being taken against the individual or company responsible for the breach. This can result in costly settlements, fines, or even criminal charges.
2. Civil lawsuit: Those who breach their fiduciary duty may face civil lawsuits from stakeholders, shareholders, or other parties with a financial interest in the business.
3. Damage to reputation: Breaching fiduciary duty can damage the reputation of the individual or company involved, leading to a loss of trust and credibility among clients, employees, and other stakeholders.
4. Financial loss: Breaching fiduciary duty can also lead to financial loss for....
Potential Consequences of Breaching Fiduciary Duty in a Business Setting
Fiduciary duty is a legal obligation imposed on individuals who have a special relationship of trust and confidence with another party, such as corporate directors, officers, and agents. This duty requires them to act in the best interests of the party they represent, exercising a high degree of care and loyalty. Breaching this duty can have severe consequences, both legal and financial.
Legal Consequences
Lawsuits: Breaching fiduciary duty can give rise to various lawsuits, including breach of contract, fraud, negligence, and misappropriation of assets. The affected party, such as the company or....
Technology has had a profound impact on the evolution of transportation and communication methods.
In terms of transportation, advancements in technology have led to the development of faster, more efficient modes of travel, such as cars, airplanes, and high-speed trains. These advancements have made it easier for people to travel long distances in shorter amounts of time, which has in turn facilitated global trade and cultural exchange. Additionally, technology has enabled the development of more sustainable forms of transportation, such as electric and hybrid vehicles, which help reduce carbon emissions and combat climate change.
On the communication front, technology has revolutionized....
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