Critically evaluate the strengths and weaknesses of using quantitative research to explain social and psychological phenomena: what other approaches are available and how do they compare to quantitative research? When the word research appears some might think of library searches through piles of books and to some this could simply mean meddling with dozens of test tubes and beakers full of chemicals in a lab.
In this regard the aspect of customer relationship management has gained widespread importance among the business organizations towards maintaining a cordial relationship with their existing customers. Organizations are leveraging the benefits of information technology to maintain favourable relationships with their customers.
Hire a pro to write a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
4 pages (1000 words)
, Download 1
, Research Paper
Business is an integral part of life everyday because it is associated with our daily survival. For instance, a single purchase of antibiotic by consumers in drugstores would mean a great impact on the product chain, starting from the production down to marketing department, giving benefits to the consumers, offering stable jobs for others, and profit among business-minded individuals.
Change is inevitable and organization should adapt to the change for the growth and development of its members. In the process of change, planning and implementing the change would not be easy. Humanistic psychology approach would be the best to deal with the change for it considers the well-being of the members and at the same time produces.
Little did I know that these games and reading materials were developing the economist side of my personality. A side that came out when I got the chance to work for our family firm. The employees came to me with their problems in the production line and how it was making it difficult for them to accomplish their jobs in a timely manner.
Fundamentally, it all involves the process of sending as well as receiving messages devoid of words. This particular process can either be from intent or otherwise and most of the receivers and the listeners alike of the messages from this communication type are usually unaware of the happening of the same.
In finance, Capital Asset Pricing Models (CAPM) is used to describe the relationship between risk and expected rate of return while dealing with the pricing of risky securities. In simple words, this method is helpful to compute the required rate of return of an asset when that asset is invested with a business venture.
Evidently, with globalization being experienced within steel industry especially in today emerging states, Nucor is considered one of the key players. Because effective management as viewed by many is an organization source of competitive advantage, this paper aims at analyzing Nucor trend especially in current and future expansion plans as well as understanding the impact created by expansion on Nucor strategic human resource management.
Monetary plan is aimed at accomplishing this goal and offering support for non-inflationary monetary development. As within the majority of other industrialized nations, monetary plan functions in the United Kingdom mostly by controlling the value on which money is given as a loan, or, to say differently, the interest rate.
Science and technology are developing rapidly and based on that living standards are also developing rapidly. The ability to keep in pace with customer expectations is an important factor in determining the success and failures of an organization at present. Google and Apple are two of the most prominent organizations at present.
The hypothesis was tested in an empirical study, which was carried out on a sample of U.K firm. The results demonstrate the effectiveness of the total quality management on the business firms in U.K. Our research was to answer a few questions on the use and the impact of the quality management at the telecom sector in the U.K.
Monitoring assesses the quality of an internal audit. The component that I selected for evaluation is information and communication. An audit problem associated with this component of internal control can be very problematic.
icence 34 Table of Figure Figure 1: High Level 4 Figure 2: Business Name 5 Figure 3: Business Location 7 Figure 4: Rent Lease 8 Figure 5:Legal Structure 10 Figure 6:Company Legal Structure 11 Figure 7: Business Management Software 13 Figure 8: Software Features 14 Figure 9: Business ISP 16 Figure 10: Protecting your Business 17 Figure 11: Bank Account 19 Figure 12: Insurance 21 Figure 13: Marketing Plan 24 Figure 14: Financial Plan 28 Figure 15: Promoting Your Business 32 Figure 16: Business Licence 34 Entrepreneur Start up Process High Level Figure 1: High Level Choosing a Business Name Figure 2: Business Name Choosing a Business Name is a very important decision which takes careful consider
Apart from that they also deliver data and voices managed services to the local and the international markets as they posses “high-quality fiber optic networks and multiple data centers” (“Welcome to century link”, n. d.). To diversify their product and to establish their market in Brazil, Century Link need to set up their operations in Brazil in accordance with the political, economic and the social environments that prevail in Brazil.
The idea of selling offices in the big office centers like private residential apartments is a perfect example of creating market space while looking across substitute industries in line with Blue Ocean Strategy described by W. Chan Kim and Renee Mauborgne. In 2010, the group of private developers introduced to the property market specially designed office buildings tailored to retail sales.
Logistic just does not mean delivering it also entails the planning and the control of the material flow so that the right things that are required reaches the right person and the right department at the right time without any delay. Logistics of any company works day and night to smooth out the flow and make the whole supply chain process so that the process becomes an efficient and cost efficient at the same time.
6 pages (1500 words)
, Download 2
, Literature review
In terms of integration, the business model is quite efficient. The framework outlines clear practices and activities as well as future objectives and visions. This strengthens the business model, especially considering the fact that the venture is entering into the market for the first time. However, in an attempt to be comprehensive, coherence became compromised due to numerous elements.
According to the research findings, it can, therefore, be said that the perception of the work environment and the description of characteristics of an enterprise are similar to an individual’s perception and description. Perception of the work environment in an organization can be referred as the psychological environment.
It is possible to teach the concept of delegating because there are a number of managers who are resistant to its use. One of the best approaches is to explain the benefit of delegation to the organization. Some of the benefits that can be explained include reduced levels of stress and improved efficiency.
The International fish trade continues to increase which reflects the increasing popularity of fish and seafood consumption world-wide. 38% of fish production now enters International markets. General depletion of stocks and growing demand has resulted in an increase in aquaculture in the global supply of fish and fish products.
Located in Maryland, the Hospital is also known to provide among the best services to patients not just in the United States but all over the world. The latest ranking place Johns Hopkins Hospital as the best hospital overall and this has been its position for many years.
A proper management recognizes the needs of the external market and then mobilizes the existing resources, and acquires the newer resources so that they can help and facilitate the organization in gaining their objectives.
Leadership styles need to be adapted in order to meet the requirements of a particular situation, the specific needs of the people involved and the challenges faced by the organization. A leader can be stated to be effective if he/she is capable of making use of adequate leadership skills in each context.
Huijser Mijnd, the author of the book, is a renowned expert in ‘cross-cultural’ studies. His works incorporate review of legendary ideas in the subject and develop practical approaches for implementation of such ideas. The author has also worked as a consultant expert, in the subject, to global companies and academic institutions such as universities.
Self-checkouts have reduced thefts to a greater extension with having no human assistance at the counters the cash reserves are kept safe. The integrated theft prevention technology of these systems is efficient however, supervision of staff is necessary so that the customer at any level does not exploit the system (Kandampully, 2012, pg. 65).
Adam Smith's Theory According to Raphael (1985), Adam Smith is eminent for his theory Wealth of Nations which he developed as the foundation of economics. The theory has been in existence since 1776 and many are inspired by great insight of Adam Smith. Many emulate his work as people view him as the father of economics.
However, McDonalds claimed they ignored the safety ramifications of coffee sold at 180 degrees Fahrenheit. During discovery, 700 coffee burn claims within the span of a decade sufficed. This situation begs the question, within the 10 years and with such complaints, why did McDonald’s, a company of means, not investigate the safety ramifications of their 180 degrees Fahrenheit coffee?
Apple has fallen behind Google in terms of market share in the UK Smartphone industry. Android operating system installed in the Google Smartphone is being preferred by the consumers in the UK more than Apple Smartphone. However, Android is divided amongst various brands like Samsung, HTC, Motorola, etc.
Business enterprises may compromise the wellbeing of the general population in order to maximize their profits. Business organizations strive to protect the capital base as a business principle without extending this notion to natural resources. Businesses have to integrate the wellbeing of the general population into the planning process.
Positioning 7 References 8 1. Market analysis 1.1. Industry and market description The organic food market in UK is quite developed. However, it seems that the performance of the specific market in UK is at an average level compared to other countries internationally.
Leadership today is not about using a preferred style; instead, brilliant leaders are those who can adopt different approaches to meet varying situations. This paper will shed light on leadership styles and concepts based on an actual example of a production manager. The example will be used to show how transformational leadership is used in the modern world.
The author delved in the effect of Thatcher’s labour reform law to collective bargaining and the industrial action or unions’ responses to established institutional prerogatives. He states that the labor policy was criticized as unclear in its settlement mechanism; companies had ill-defined performance criteria; and suffer poor communication channels.
The paper emphasized upon the personalized online promotions and its impact on consumers’ buying behavior. Savadkoohi (2012) concluded that the successful online personalization strategies can increase the buying behavior of the customers and thereby, can affect the companies’ profitability.
In most cases, this over-ambitious behavior causes failure in entrepreneurial ventures usually early in operation. In order to fix a failure, people should first identify what the problem is. This paper will extensively discuss and analyze in-depth about two or three of the most common failures in entrepreneurship ventures.
Product X7 has been in the market for 1 year, and its customers care both about price and performance. Revenue The revenue for product X6 was on substantial the rise from the year 2011 and 2013 but would reduce gradually starting from the 2013 and up to 2015.
Hall. Discussion ‘Silent languages’ are known to be an influential means of communication between people in the overseas business (Doole and Lowe 78). As explained by Hall, silent language can be precisely denoted as one of the most significant attributes in the context of modern day business.
The basic purpose of entrepreneurship is to recognize and develop from available or meager resources, conditions which are favorable for the enterprise. Initially, a benchmark needs to be developed for the paper to asses which commercial opportunities are Schumpeterian, and which are Kirznerian.
Now that Cadbury has been taken over by Kraft company, Thornton’s is now considered the largest independent chocolatier and confectionary business in the UK. Through decades of brand-building activities and increases in sales revenues, Thornton’s now boasts 360 different shops and a variety of franchises across the United Kingdom supported by 2011 revenues of £218 million.
Ethical principles in the corporate world 1. State the main ethical principle(s) in the case as you see it What are the particularly relevant details of the case? The case at hand is one of the emerging ethical concerns on the corporations handling of employees in terms of health and safety.
In order to pass judgment in this case, the partnership agreement would be examined and discussed according to the court of law case. Issues like business law, business partnership, intellectual property, and limited liability will be investigated to further our understanding of the case.
This is encouraged by self-assessment and self-evaluation, which one will use to implement the leadership process (Millan and Melissa 35). Self-evaluation can also be referred to as self-leadership, which is a fundamental part of the repertoire of leaders.
This paper intends to examine, the extent of the application of business ethics in the prevailing situation at Delectables. Essentially, what is happening in Delectables is deplorable. The situation is unexplainable. Indeed the new manager requires a lot of patience, inquiry to all procedures, consultations with all the stakeholders.
Based on collectivist characteristics of the Omani culture, the disparity of power distance between customers and financial institutions, and the role of government as the sole owner of Oman International Bank set the foundation for many failures occurring in the business model.
The output gap is calculated by subtracting the potential GDP from actual GDP which may result in a positive output gap as well as a negative output gap. Since the potential output cannot have a definite value and is only based upon the historical data and market conditions, the output gap is always an estimate.
This is partly contributed by changing global quality standards. Human resources are a key to success in any business organisation. In fact the success of any organisation depends much on the efficient and effective management of human resources. Moreover, with increased number of organisations in today’s global markets, interest has shifted onto effective management of resources in response to market competition.
The evaluation of the current external environmental conditions facing the company was conducted. This is where the author analyzed PEST analysis including political, economic, social and environmental factors, as well as examined Porter’s Five Forces of analysis.
In general, Wal-Mart Stores U.S. is the company's largest division, accounting for $258 billion that is 63.8 percent of total sales for the financial year 2010. It consists of three retail formats that have become public domicile in the United States: Discount Stores, Supercenters, and Wal-Mart Marketplaces.
The supply chain starts at the producer and culminates at the final consumer. This implies that every stage that characterizes the transfer of a commodity to the final consumer right from the producer is vital considering the long-term goal of bringing the commodity closer to the reach of the consumer.