Management Davinci
Business Success Through Da Vinci's Philosophical Orientation
The 1999 text How to Think Like Leonardo Da Vinci by Michael Gelb is a useful and entertaining discussion on how the philosophical principles of one of history's greatests thinkers can be applied to modern business practices as well as to self-improvement on an everyday level.
Thinking Like a Manager and Evaluating a Company:
One of the overarching beliefs driving the Gelb philosophy is that one need not necessarily be a genius in order to think like one. To the point, Gelb argues that Da Vinci was particularly graceful at training his mind to think in certain ways, to observe matters according to certain principles which are today applicable to models of leadership. Gelb offers what he calls "seven steps to genius every day" as influenced by the life and working habits of Da Vinci. The seven steps call for the individual to approach life…...
mlaWorks Cited:
Gelb, M. (1999). How To Think Like Leonardo Da Vinci. Dell.
ecruitment and Selection Techniques contribute to the Success of an Organization
ecruitment is a form of business contest and it is fiercely competitive. Organizations have to be strategic in order to attract and retain top talent to positions in the company. Competition between companies have become even more fierce and companies are doing all that they can to get the best talent for their organizations. Hence, it is important to have a well-defined recruitment policy in place, which can be executed effectively to get the best fits for the vacant positions. Selecting the wrong candidate or rejecting the right candidate could turn out to be costly mistakes for the organization. Companies understand that having the right people will definitely be difference between success and failure. ecruitment and selection is an ongoing process (Wilson, 2013). Businesses determine the present and future requirement of the organization and increase the success rate of…...
mlaReferences
Alder, M. (2011). Redefining Social Recruiting for 2011.
Blizzard, D. (2013). Honing your hiring. Journal of Accountancy, December (2013).
Bowen, D.E., Ledford, G.E., & Nathan, B.R. (1991). Hiring for the organization, not the job. The Executive, 5(4), 35-51. doi: 10.5465/ame.1991.4274747
Brundage, H., & Koziel, M. (2010). Retaining top talent. Journal of Accountancy, May (2010), 38-44.
The company continually stressed the human nature of travel, and strove to make airplane travel affordable and enjoyable. Many people who used Southwest Airlines had never been able to fly before. However, the 'customer did not come first' at Southwest -- rather the customer came second, even though they "still got great service" (Friedberg & Friedberg 268). The company stood behind its employees, and allowed flight crews, for example, to use their expertise and knowledge to make autonomous decisions, rather than force the crews to worry about upsetting sensitive customers. The company believed that low fares and hospitality were what most customers care about, and did not focus on catering to customers with minor complaints. "Love doesn't guarantee approval... Although many people equate love and approval, they are not the same. Real love comes without conditions; it doesn't depend on anything. Approval must be earned by our performance" (Freiberg &…...
mlaWorks Cited
Best practices case Study: Best perks, Southwest Airlines." The Vault. Retrieved 4 Aug 2008 at http://www.vault.com/nr/newsmain.jsp?nr_page=3&ch_id=401&article_id=19258&cat_id=1089
Case study: Southwest Airlines." (2005). CPP. Retrieved 4 Aug 2008 at http://www.cpp.com/pr/southwest_airlines_2006.pdf
Freiberg, K. & J. Freiberg. (1997). Nuts. New York: Broadway, 1998.
Kjerrulf, Alexander. (19 Jan 2003). "Book review: Nuts!" Positive Sharing. Retrieved 4 Aug 2008 at http://positivesharing.com/2003/01/book-review-nuts/
Additionally, businesses must anticipate seasonal shifts in demand when allocating and anticipating costs. A toy company cannot assume that the revenue it enjoys after a Christmas marketing a 'hot toy' will be sustained all year 'round.
In terms of taking a long-term view, a business should treat its employees in an ethical fashion. If employees are treated in a respectful manner, they are likely to perform better and show more loyalty to the organization. Additionally, if a company is found to be exploiting its employees, as was the case of Nike and the 'sweatshop'-type conditions of its offshore operations, this negative publicity can deter individuals from buying from the company. Employee costs in the long and short-term, in terms of compensating employees for overtime and giving them reasonable benefits, must also be included in the business plan. Also, the possibility of stock options, should the company incorporate, is another issue…...
mlaReferences
Business plan for starting out, 2010, Score Retrieved September 4, 2010 at www.score.org/.../Business%20Plan%20for%20Startup%20Business.doc
The value of a business plan. (2010). Striding Out. Retrieved September 4, 2010 at http://www.stridingout.co.uk/business-planning/the-value-of-a-business-plan.html
Business Proposal
The American economy is undergoing fundamental change. Due primarily to globalization, industries continue to innovate and change. In particular, the rise of the information age has altered the manner in which business is conducted. Technology has now become an integral aspect of all business operations. In many industries however, technology has had very little impact on the fundamental operations of the business. It is these businesses that are unlikely to undergo fundamental change that are particularly appealing to me. For one, these businesses are relatively stable over the long-term. Earnings, profits, and revenues may increase or decrease over subsequent periods. The underlying business however will remain intact. As such, the business that I will own will be a fitness center.
A fitness center is relatively stable in its value proposition to society. More than one billion adults worldwide are overweight. In the United States alone obesity is responsible for an…...
mlaReferences:
1) Lee, IMin ( July 2012). "Effect of physical inactivity on major non-communicable diseases worldwide: an analysis of burden of disease and life expectancy." The Lancet.
2) Morris J.N., Margaret D. Crawford Coronary Heart Disease and Physical Activity of Work British Medical Journal 1958; 2 pages1475 -- 1486
3) Reamy, Walker BV (April 2009). "Diets for cardiovascular disease prevention: what is the evidence?." Am Fam Physician 79-569 -- 578.
Business Society and Corporate Values
There has indeed been a great deal of discussion regarding CEO compensation, which is rightly viewed as being completely out of line. The core problem and cause of inflated CEO salaries cannot be attributed to a single reason, but is rather the result of a range of inter-connected factors. What is definitive is the fact that these salaries have inflated over time; this is in part due to the fact that greed is a progressive, boundless factor. "According to the Economic Policy Institute, in the late 1970s, total compensation of chief executives in large American corporations was 35 times that of the average American worker. In 2007, it was 275 times that" (Borger, 2007). These facts alone demonstrate that there is good reason to be in a state of alarm. The reasons for such severely inflated and remarkably unjust salaries are a result of the following…...
mlaReferences
Ball, P. (2012, July 4). GlaxoSmithKline's bribes are evidence that Big Pharma isn't working. Retrieved from Guardian.co.uk: http://www.guardian.co.uk/commentisfree/2012/jul/04/glaxosmithkline-big-pharma-not-working
Borger, J. (2008, September 5). Why do CEOs make so much? Retrieved from Minnpost.com: http://www.minnpost.com/politics-policy/2008/09/why-do-ceos-make-so-much
Boselovic, L. (2011, May 15). Rajaratnam case puts big chill on insider trading. Retrieved from post-gazaette.com: http://www.post-gazette.com/stories/business/news/rajaratnam-case-puts-big-chill-on-insider-trading-297777/
Choudhury, U. (2011, October 14). Rajaratnam becomes a 'whipping boy' for Wall Street misdeeds. Retrieved from firstpost.com: http://www.firstpost.com/business/rajaratnam-becomes-a-%E2%80%98whipping-boy%E2%80%99-for-wall-street-misdeeds-107346.html
Having this traditional silo-structured environment makes it very difficult to properly develop a curriculum surrounding service management. Because of this there is a significant gap that exists between the education received by business school graduates and the skills that they need to succeed in today's service heavy environment.
Non-traditional Business Skills and Tactics
Nontraditional business skills are often referred to as soft skills or people skills. These consist of the ability to communicate and understand people on an emotional level. These are often the skills that can determine the success or failure of a career (Thilmany, 2009). The skills are all related to human interaction. This includes most forms of communication, negotiation and leadership. Soft skills can be distinguished by different types such as informative, negotiating, listening, and communicative. Informative soft skills are those that send a message that has to be conveyed accurately. Negotiating or convincing soft skills is the…...
mlaReferences
21 Business Skills Needed to Succeed. (2009). Retrieved September 22, 2009, from New
Horizons Web site: http://www.nhmn.com/COMMUNITIES/softskills/news/08-03-
19/21_Business_Skills_Needed_To_Succeed.aspx
Davis, M.M. And Berdrow, I. (2008). Service science: Catalyst for change in business school curricula. IBM Systems Journal, 47(1), 29-39.
Business Failure
All businesses are started with the intention of success, although this intention alone cannot guarantee immunity from failure. Whether or not businesses experience success or failure depends on several factors. Some of these factors are in the control of the business owners themselves, such as quality of management, while some factors are out of the control of the business owners, such as current economic climate. The following discussion highlights factors involved in why businesses succeed or fail, and how certain factors such as sex of the business owner or location of the business play into the equation.
avindran (2008) described how studies have demonstrated that approximately 50% of small businesses experience failure within their first four years of existence. This failure is most often a result of lack of knowledge regarding proper workings of businesses and poor management (avindran, 2008). Another crucial factor involved in the failure of businesses is…...
mlaReferences
Ravindran, N.. "Why businesses may fail: why some businesses fail and why some succeed is debatable. There are various factors behind business failures. We look at some common mistakes that can sink a business in no time." Today's Manager. Singapore Institute of Management. 2008. Retrieved March 12, 2011 from HighBeam Research: http://www.highbeam.com/doc/1G1-187622241.html
Robinson, Sherry. "Business failure rates: a look at sex and location.(Statistical table)(Survey)." Academy of Entrepreneurship Journal. The DreamCatchers Group, LLC. 2007. Retrieved March 12, 2011 from HighBeam Research: http://www.highbeam.com/doc/1G1-175065812.html
It is as such necessary to assess it in light of the negative consequences it might generate, the resources available to the company so that it reduces the threat of the problem and finally, the criteria which need to be satisfied in order to state that the problem has been resolved (Principia Cybernetica Web).
a) Problem components: different views manifested primarily in cultural barriers (such as language barriers); lack of experience in the field of delivery services; the role of women in the workplace is still decreased and it has only improved recently as a result of the epidemics and the necessity for more labor force; gender discrimination could raise problems and it must be limited, if not at all eliminated. Bribery is also a growing problem in the region and the efforts of the delivery subsidiary could be easily compromised -- these problem components also represent the reasons as…...
mlaReferences:
Canwell, D., 1998, Marketing Campaigns, Cengage Learning EMEA
Wherther, W.B., Chandler, D., 2005, Strategic Corporate Social Responsibility: Stakeholders in a Global Environment, SAGE
2009, Our Company -- Mission, Strategy, Values, FedEx Website, last accessed on August 10, 2009http://about.FedEx.designcdt.com/our_company/company_information/mission_statement
2009, Our Customers, FedEx Multimedia Center, last accessed on August 10, 2009http://mediacenter.FedEx.designcdt.com/video/our_customers
III. METHODS of ANALYSIS to INFORM usiness OWNER
Various methods of analysis exists which are useful in gaining needed information. One method of analysis is termed a SWOT analysis which examines the business in terms of its 'strengths', 'weaknesses', 'threats', and 'opportunities'. Another analysis that is informing in relation to: (1) Firm strategy, structure, and rivalry, (2) government; (3) factor conditions; (4) related and supported industries; and (5) demand conditions is the method known as Porter's Diamond analysis.
ibliography
Diamond Model - Porter on Nations (nd) Value-ased Management Online available at http://www.valuebasedmanagement.net/methods_porter_diamond_model.html
SWOT Analysis (nd) usiness & Economics. Online available at http://bizeco.blogspot.com/2005/08/SWOT-analysis.html
Keener, renda (2006) Creating a Competitive Analysis. Suite 101. Online available at http://marketingpr.suite101.com/article.cfm/creating_a_competitive_analysis...
mlaBibliography
Diamond Model - Porter on Nations (nd) Value-Based Management Online available at http://www.valuebasedmanagement.net/methods_porter_diamond_model.html
SWOT Analysis (nd) Business & Economics. Online available at http://bizeco.blogspot.com/2005/08/SWOT-analysis.html
Keener, Brenda (2006) Creating a Competitive Analysis. Suite 101. Online available at http://marketingpr.suite101.com/article.cfm/creating_a_competitive_analysis
Business Ethics
An ethical issue refers to a situation whereby an organization is required to choose amongst alternatives that must be evaluated as either wrong or right. For example, an ethical issue arises when a business company opts to make as much profit while pollution the environment, the dilemma here being the regulation and social consequences. The company management may opt to bribing the regulation implementing organization as long as they continue making short-term profits before the law catches up with them, by then they may be forced to attire with the rule or shut down but they will have made as much finances than when they may have started and the consequences on the social life will have reached the stage where it affects their health and made the environment unbearable. The principle of autonomy; which requires individuals to be left on their own independence to conduct their activities, make…...
mlaReferences
Andrew, J. (2008). Utilitarianism and deontology theories. New York: John and sons ltd.
Ferrell, O.C., & Fraedrich, J. (2012). Business Ethics: Ethical Decision Making & Cases. Salt Lake: Cengage Learning.
Joanne, B. (2010). Ethics and Business success. Mexico: Greenwood press.
John, K., & Berlyn, M. (2009). Assessing the effectiveness of decision making models. Normative and rationale models, 15 (14), 319-325.
In this context, the learning curves followed by the collective of entrepreneurs place that collective of entrepreneurs within the still larger setting of the global marketplace. Taylor and Asheim refer to an economic geography that is more than merely a map of where economic activities take place (Taylor & Asheim, 2001, p. 315). A modern learning organization integrates itself on virtually every conceivable level. Much as its individual members make use consciously and unconsciously of a variety of learning techniques in order to work together as a unit, so too do all of their learning paradigms combine to make them a single, effective player on a larger global stage.
Taylor and Asheim encourage firms to immerse themselves in the concept of economic geography, to complete, as it were, the learning curve, by employing their cognitive abilities vis-a-vis the global marketplace, and so use that marketplace as a source for policies and…...
mlaReferences http://www.questia.com/PM.qst?a=o&d=5009563626
Chen, G. (2005). Management Practices and Tools for Enhancing Organizational Learning Capability. SAM Advanced Management Journal, 70(1), 4+.
A www.questia.com/PM.qst?a=o&d=5002492408
Chrisman, J.J., Chua, J.H., & Steier, L.P. (2002). The Influence of National Culture and Family Involvement on Entrepreneurial Perceptions and Performance at the State Level. Entrepreneurship: Theory and Practice, 26(4), 113+.
A www.questia.com/PM.qst?a=o&d=5011099975
Moxie - now referring to the product as noted - is a systematic device designed entirely as a cure for the ailment of action - or lack thereof - and the restriction of ability to detect deadly gas densities that have plagued the mining industry in nearly every sect of its makeup.
Demand, Target & Horizons
Despite other technological advancements and sophisticated, well funded efforts to eliminate the high mortality rates that continue to befall miners, there has yet to be a devise made available in mass quantity and/or cost efficiency for any consumer of this consequentially stringent industry. Fatalities and utter mining disasters continue to sporadically headline news coverage throughout the U.S. And the world. It is one thing to excitedly back a product intended to dispose of diapers more economically, but it is another entirely when the product is intended to save lives. In this consideration, the demand is…...
It is only after the organization has lost its market share that it realizes the importance if employee creativity. Successful organizations have always known that to improve and increase their competitive position they need to value their employees and encourage them to be creative. This way the organization is better placed to provide its customers with the services and products they demand Epetimehin, 2011()
The importance of creativity in improving the workplace performance is not as many people believe to be a novel idea. Allowing employees to be creative in their problem solving has been shown to improve employees' problem solving abilities and increase their productivity. The question that organizations should ask is what the importance of creativity to its business is and will creativity improve its competitiveness in the market. The answer to these questions will allow the organization to see the benefits it can reap by allowing its…...
mlaReferences
De Miranda, P.C., Aranha, J.A.S., & Zardo, J. (2009). Creativity: people, environment and culture, the key elements in its understanding and interpretation. [Article]. Science & Public Policy (SPP), 36(7), 523-535.
Epetimehin, F.M. (2011). Achieving Competitive Advantage in Insurance Industry: The Impact of Marketing Innovation and Creativity. [Article]. European Journal of Social Science, 19(1), 123-127.
Junarsin, E. (2009). Creativity and Competitiveness. [Article]. Globalization (15359794), 8(1), 1-13.
4. Conclusions
The contemporaneous society is extremely competitive and sometimes, even out of envy, people will accuse others of having engaged in immoral actions in order to have achieved their goals. This paper has striven to look at the career of one of the most respected Alaskan businessmen. Having started as a busboy, Al Parrish soon ascended the organizational ladder to high managerial positions. As he completed his professional formation, he felt it was time to give something back to the community and joined the managerial team at Providence Health System.
The analysis of Al Parrish' career reveals that high positions and business success can in fact be achieved without getting one's hands dirty and compromising their moral integrity. William J. Tobin at The Voice of Times says about the vice president and CEO of the Alaskan healthcare facility: "Al has always done a very good job in anything he was involved…...
mlaReferences:
Fritz, J., 2009, How Does a Nonprofit Differ from a Business? About.com, last accessed on June 2, 2009http://nonprofit.about.com/od/qathebasics/f/nopvspro.htm
Klein, R.A., 2002, Cruise Ship Blues: The Underside of the Cruise Ship Industry, New Society Publishers, ISBN 0865714622
July 18, 2004, Alaska's Top 25 Most Influential Business People: Al Parrish, Alaska Journal of Commerce
February 1, 2006, Alaska Business Junior Achievement Hall of Fame Laureate: Al Parrish: "great citizen of the city and of the state," Alaska Business Monthly
1. The importance of ethics in business decision making
2. The impact of technology on modern business practices
3. The role of corporate social responsibility in business operations
4. The benefits and challenges of globalization in the business world
5. The influence of culture on international business practices
6. The significance of leadership and management in successful business operations
7. The effects of digital marketing on consumer behavior and business success
8. The role of innovation in driving business growth and competitiveness
9. The importance of sustainability in business practices
10. The impact of financial management on business success
11. The role of entrepreneurship in driving economic growth and innovation
12.....
1. Identifying and Understanding Target Markets: A Key to Business Success
2. Demystifying Target Markets: How to Reach Your Ideal Customers
3. Navigating the Complexities of Target Markets: Strategies for Effective Marketing
4. Target Markets 101: The Basics of Reaching Your Audience
5. Reaching Your Niche: Understanding and Reaching Target Markets
6. Target Markets Demystified: Reaching Your Customers with Precision
7. Target Markets and Consumer Behavior: The Key to Marketing Success
8. Unlocking the Secrets of Target Markets: Strategies for Successful Marketing Campaigns
9. The Power of Target Markets: How to Tailor Your Marketing Efforts for Maximum Impact
10. Target Markets Unveiled: Strategies for Understanding and Reaching Your Audience
11.....
Thesis Statement:
Poor leadership is the primary factor contributing to business failures.
Introduction:
Begin by establishing the significance of leadership in business success. Highlight statistics or research demonstrating the correlation between effective leadership and organizational prosperity. State the thesis statement clearly, emphasizing the detrimental impact of poor leadership on business outcomes.
Body Paragraph 1: Lack of Vision and Strategic Direction
Explain how poor leadership can hinder the establishment of a clear vision and strategic direction for the organization.
Discuss the consequences of having a leader who fails to inspire and mobilize employees towards a common goal.
Provide examples of businesses that failed due to....
1. The impact of corporate social responsibility on consumer perceptions and purchasing behavior.
2. The role of corporate social responsibility in building brand reputation and trust.
3. The challenges and opportunities of implementing sustainable business practices in a globalized economy.
4. The importance of ethical sourcing and supply chain management in corporate social responsibility.
5. The role of businesses in addressing social and environmental issues through corporate philanthropy and community engagement.
6. The impact of corporate social responsibility on employee motivation, retention, and productivity.
7. The relationship between corporate social responsibility and financial performance.
8. The implications of government regulations and policies on corporate social responsibility initiatives.
9.....
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now