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Company has adopted a franchise model to manage its stores (KFC, 2011).
There is a tremendous amount of planning that goes into the business. One of the most important is supply chain management. The supply chain is very vast as there are numerous raw materials required for the company to deliver the finished products. Therefore, different raw materials from different suppliers need to be at the right place and at the right time for the operations to run smoothly. Hence, planning is essential in managing the supply chain operations. Planning is also essential in strategy making aspects of the business such as marketing, branding, pricing, etc. Another important aspect of the business that needs planning is the management of the human resources. Each restaurant has many employees working both part time and full time, and in different shifts. This needs intelligent planning on the company’s part in order to ensure effectiveness in its operations.
There is a lot of organization in the business. The top management is responsible for executing level management of the company which involves strategy making on various aspects of the business such as expansion, advertising, branding, pricing, growth, investment, etc. The organization must have a top-down approach to management, which means that it has a vertical decision making hierarchy. There are various levels of middle management as the company has operations in different countries with each country needing customised approach. The first line managers are vital to the overall operations as they are the ones who are responsible for delivering the products and services to the customers. They take care of entire management of restaurants at ground
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Milton argued in this article that the sole purpose and core obligation of a business is to act in the shareholders best interest- i.e. to create shareholder value or in more blatant terms, to generate profit for them (Friedman, 1970). However, Wearden (2010) adds that there are many who argue against this, the proponents of Corporate Social Responsibility or Sustainable Business, those who advocate the integration of social and environment concerns in their business operations.
For instance, the suppliers, employees, and products and services of a business organization are influenced by it. In addition, government policies, employees, suppliers, and competitors exert substantial influence on a business organization. As such, the effect of the environment on a business is inversely proportional to its size (Dyer & Ross, 2008, p.
1). This paper briefly summarizes the enormous business potential in the USA as witnessed at one of the major business events known as “Denver Gift, Home, Jewelry & Resort Show” held in Denver, Colorado from February 26, 2011 to March 1, 2011. To encourage the manufacturing and sale of Native American products, Denver Gift, Home, Jewelry & Resort Show hosted 450 exhibitors selling nearly 4000 types of products including jewelry, furniture, gifts, cosmetics, stationery, handicrafts, garden accessories, interior decoration, etc.
Mihaly Csikszentmihalyi (2003) Introduction: The unethical employment practices of Nike as well as the retail giant Wal-Mart; the trading of ‘blood diamonds’ by De-Beers; or the Enron Scandal are all examples of companies and events wherein the businesses acted unethically.
Maryanna identified the business opportunity embedded in this trend and decided to take advantage of it by starting a naming business. Yes, the founding of Marayanna’s business was customer driven in the sense that she started her business only when she realized that their existed demand for the right type of names.
The main objective of a security plan in e-business is to “protect the privacy of the people with whom you do business and safeguard your IT and other information assets.” (Rapalus, 2001)
Information is a significant business asset for any
The two partners have to adopt a partnership form of business so that they may share the management roles and all the risks that can be encountered. This is a good form of business, as the profits that will be attained
Shareholder owned business organizations are principally accountable to their external investors, in which they are expected to take responsibility in maximizing financial returns. Contrary to this accountability
Among the other factors important in the essay will include the processes of making a business strategy, and implementing it within the environment of the business. The competitive strategy model provided by porter will have importance
10 Pages(2500 words)Essay
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