Business Essays

The author states that Radio Frequency IDentification (RFID) is a method of storing and remotely retrieving data using devices called RFID tags or transponders. An RFID tag is a small object, such as an adhesive sticker, that can be attached to or incorporated into a product, animal, or person.

The output of all the goods and services that these workers want to buy with their wages will also increase. Similarly, a wave of optimism that causes consumers to spend more than usual and firms to build new factories will cause the economy to expand. Recessions or depressions can be caused by these same forces working in reverse. 

In 1995 Tesco overtook Sainsbury’s as the UK’s largest supermarket. In 2001 Tesco occupied 15.6% of the UK grocery retail market and was the market leader by 6%. Tesco's enormous share is still growing: by September 2004, it had increased to a massive 28%, around 12% more than its nearest market rival, Asda.

By understanding an international trade scenario between the British Bruce Company and a French subcontractor, the complexities and importance of international trade will be understood. The paper will discuss exchange rate and interest rate risk. When the Bruce Company borrowed its money in Sterling (Pounds), but was forced to pay the French subcontractors in Euros, Bruce accountants knew exchange rate risk was a possibility.

It is important to state that Hayes and Wheelwright, in their seminal work, Capability and maturity- four stages, describe four phases of manufacturing competitiveness. Though the Singapore Air Force is not a manufacturing organization, it has developed itself by utilizing the insights gained from 4 stages model.

The paper presented clarifications on some of the key components of the E-Business system, feasibility analysis and cost-benefit analysis of the proposed E-Business system. This is a first-hand report that needs to be developed further by getting estimates from the vendors that shall potentially help us in implementing such a system successfully.

Virtual enterprise companies share costs, skills, and core competencies that enable them to access global markets with world-class solutions their members could not deliver individually. This has afforded Motorola to increase efficiency while reducing costs. It has also opened up the door for less funded competition to increase their productivity.  

This is on the basis of the marketing mix that includes product, price, promotion and place. These airlines are providing a service that helps people commute over large distances. Considering the three levels of a product or service, low cost airlines provide low fares without discounts and the usual passenger services.

The global business scenario has changed substantially in the last few decades with companies growing beyond national boundaries. Today’s business is more related to global factors than domestic issues. Conventional management and strategies have given way to new models and techniques. Companies are compelled to look at a broader perspective.

Citigroup retained Travelers' signature red umbrella logo as its own until February 2007, when it agreed to sell the logo back to St. Paul Travelers, which renamed itself Travelers. Citigroup also decided to adopt the corporate brand "Citi" for itself and virtually all its subsidiaries, except Primerica and Banamex.

Esprit licenses its logo to third-party licensees that offer products bearing the same Esprit quality and essence to consumers. Esprit also operates the Red Earth cosmetic brand which includes cosmetics, skin care, and body care products. Esprit is listed on the Hong Kong and London stock exchanges.

The entry of multinationals has also brought in fundamental changes in the work culture, work ethics, and remunerating patterns in many countries, all of which have a clear bearing on the career growth path of individuals. Added to this are the rapid changes taking place on the technological front, flattening hierarchies and making people come together more than ever before.

Intel Corporation is one of the largest organizations today in the world. It is the largest semiconductor manufacturer and has grown from a small firm to a very large one that many of the companies across the world would like to emulate. The strategy that the company has adopted was not evolved after rigorous analysis by experts in the field instead of by practical managers.

The role of book values of companies is losing its importance as it tend to be usually lower than market value. The approach taken for accounting is past-oriented from the market value which denotes mostly the companies earnings and hence the difference. This occurs because for evaluation of the real value of a company it takes into consideration its earnings measured in money as well as other intangible and tangible assets etc., also unlike the market valuation.

The essay highlights the GDP growth, investments and debts, the economic relations between countries and economic performance of the countries like Belarus, Ukraine, Moldova, Latvia, Turkmenistan, Russia and other nations which have recently gained independence and separated from the former Soviet Union.

According to the research findings, it can, therefore, be said that the China specialty coffee industry is faced with the important issue of social and cultural diversity. With this diversity, industry players have devised various strategies which aim to satisfy the needs of different market segments.

Operational Risks cover a wide category of risks that pertain to human error or technical deficiencies and are related to all other types of risk such as capital needs, inflation, the concentration of revenues (by customers, products, geographies, etc.) new competitive conditions, and environmental remediation obligations.

Enterprise Rent-A-Car employs 200 employees in the Head Office and there are a number of personnel (5) at each of the 20 local showrooms. It operates as a formal structure and deals with the supply of vehicles to individual customers and large organizations. Just like most organizations, Rent-A-Car also had its good and bad times. It faced several problems.

A company, as defined by law, is only a name on a piece of paper. The company acts and conducts itself according to the employees that work in that entity. In ethical thinking, there should be no distinction of rank within a company. There are times when executives can be held directly responsible and at the same time, there are cases where employees are acting unethically without the executives knowing.

The question of what can we do to employ the work organizational principles in our own organization lies with an individual dedication to the company. One, regardless of which department or level of management he or she is in within the organization, can make a pace to improve the day-day operations of the company and have a view of how the operations are designed, performed and organized in different sections in the company.

Leadership appears at the sphere, not just the end result. Leaders stand their vision, their stipulation to others, and their veracity on realism, on the specifics, on a careful estimate of the forces on the trends. They widen the means for varying the original balance of forces so that employees can recognize their vision.

The American Association of Advertising Agencies (AAAA) defines IMC as: ‘a concept of marketing communication planning that recognizes the added value of a comprehensive plan that evaluates the strategic role of a variety of communications disciplines - for example, general advertising, direct response, sales promotion, and public relations.

UK has been the fourth largest economy in the world.  It has been because Chinese economy is leaping ahead as it has done for several years, has pushed the UK into fifth position.  The economy of the world's most populous nation has been growing vastly in recent years with an annual growth rate regularly nudging - even exceeding - 10%.  It is hard to find items in our shops not made in China.

The author states that as the demand continues to grow, both for new customers entering the marketplace and for existing customers to upgrade to newer, faster technology, manufacturing companies such as Dell Computers, will able to maintain a sales level that should finance both current company needs and future growth.

Marks and Spencer (M& S) is a company based in Britain. It is one of the most successful retailers in the United Kingdom with about seven hundred and sixty stores all over the world. It was founded by Michael Marks and Thomas Spencer and has Sir Stuart Rose as its Chief Executive. Most of the stores are found in the UK i.e. they are five hundred and twenty in number.

The author states that organizations often face complex choices involving uncertainty, trade-offs, and broad consequences, but responding to such situations in rational ways can be hampered by individual decision makers’ cognitive limitations. With a myriad of time, cost and processing constraints, decision makers often fall short of rationality.

Due to the collapse of the Enron Corporation, the notion of off-balance financing or external funding not recognized on the issuing company's financial statements has gained much importance. The SPE was the form of off-balance sheet finance which was used by the Management of the Enron Corporation. 

Although many lauded the IT advancement, there are also questions that with this system, any incident that causes inaccurate, misleading, incomplete, or compromised patient care information is a potential patient safety risk. In today's healthcare environment, many facilities are taking advantage of new technologies and systems to improve client care and make the organization work faster, better, and with more efficiency.

When asked about the communication process within the company, Ian Newal opined that there was good communication and regular meetings will result in good industrial relations. It is often for the employer to decide the kind of relationship he wants to maintain with the employees by establishing the required communication. 

The author states that the business areas form international product divisions which are the primary axis of internal organization, linking similar parts of the group across countries. The restructuring also involved expansion overseas to the point that half of the group's 33,000 employees work abroad.

The Software Engineering Institute (SEI) is a federally funded research and development center sponsored by the U.S. Department of Defense and operated by Carnegie Mellon University, and is well known for its Software Capability Maturity Model. The CMM is a method for evaluating and measuring the maturity of the software development process.

Firstly, one needs to understand what kind of incident is reporting. The direct approach is often used for positive news and reports. This is the reason the first paragraph often summarises the good news. The indirect approach, on the other hand, calls for a more inductive method, where the end is proven, instead of stating it right away.

As organizations and communities are becoming a little less competitive as the globalization becomes the trend, the majority of the team-management and/or community management came up with a viable alternative in organizational development. Team playing and/or working is an idea, which has penetrated most businesses during the ’90s.

Half of all Americans today say they are satisfied with their jobs, down from nearly 60 percent in 1995 (Franco, 2005). Researchers agree that the overall job satisfaction in the U.S. is at an all time falling rate and therefore it is appropriate to address how the AIU can use the probability and statistical measures to gain insight to hire more satisfied individuals while also improving other elements of the business.

Unlike other brands, which use sugar and preservatives, Innocent has a very low product life. However, this has created a positive image with the customers as the high quality smoothies. Richard Reed has clearly positioned Innocent as a high quality product rather than a service.

You are told that the Federal Housing Administration insurance protects you against property defects - it does not. The cost or loan terms at closing are not what you agreed to. You are told that refinancing can solve your credit problems. You are told that you can only get a good deal on a home improvement if you finance it with a lender.  

More intense rivalry among competitors, technological innovation, and the rapid integration of markets to become a single global village primarily spurred developments in the operations of business organizations. These factors created multi-faceted changes in the different functional areas of companies especially in the way they manufacture the products and commodities they offer to customers.

The US Court in 1909 held that corporations could be held liable criminally for acts or omissions including failure of an agent acting within the scope of his employment. Corporation will be held liable for the illegal acts of its employees if the employees act within the scope of their authority and intend to benefit the corporation.

Training and development is an important element in the function of any organization.  It is an integral part of development of human capital in any organization. It has been shown that a competent workforce is an important source of a competitive edge for an organization which cannot be replicated by other competing organizations. In this regard many companies will invest a huge part of their revenue in training and development of the workforce.

My superintendent, Roy, seemed determined to prove just that. I knew I had taken a big chance by hiring Rachel as my new project manager. But I believed in Rachel. During the interview process, she was impressive, confident, highly organized, and well-spoken. It would be her job to keep the project on time and the site supplied with materials.

The maximum amount of risk of failure and initial losses can be minimized by just following certain best practices while implementing an ERP solution. Most importantly, the need for an ERP system must be well justified from all aspects. The cost of purchase, cost of technology, implementation, and deployment.

A free market is characterized by the application of the forces of demand and supply to determine prices of commodities. Simply put, when the demand for a product increases, the price of the product increases and vice versa. In a free market, the price is fixed at the point where supply meets demand. 

This work investigates the Enron scandal itself as well as its consequences. As a result of the investigations and after a long trial, Enron’s former chief executive, Jeffrey Skilling was sentenced to 24 years in jail. Also, The Sarbanes-Oxley Act was issued. On a wide scale the effects of applying the Act were beneficial to everyone.

Globalization is a result of the transnational exchange of goods, services, money, people, information, and culture (Held, in Guillen, 2001, p 236). Sociologist Anthony Giddens (Guillen, 2001, p.236) also sees globalization as closing the wide gap between space and time. It is the same for geographer David Harvey and political scientist James Mittelman.

They cater to the needs of a different community that is working, on the move, in a hurry, and mercurial. Rarely people come to fast-food joints to have a real dining experience, for the simple reason that they would rather go to a quiet restaurant to take care of every need of the customer. They would hardly choose a fast-food noisy joint with people.

The Performance Management plan would be distributed along the four quarters wherein the first two quarters would focus on the initial efforts of creating or entering into a public-private partnership, creating a vision and dream etc.

Soon telecommuting will not only become more common, but its essence will change. Today, most telecommuters do tasks that do not require a physical presence at the office-writing or analysis. E-mail and phone provide some interaction with colleagues, but most of the remote work is solitary.

Muder Chiba’s discussion also suggests that undertaking marketing research and spending more and more money in research may not be always wise. The marketer needs to consider the cost implications of both the erroneous decision and undertaking marketing research to ensure the correctness of decisions. 

The author states that while there was general agreement on both sides, management missed many of its objectives, especially in the very important area of wages and bonuses. On this issue management was forced to give up a larger pay raise. One of the causes of this was a failure by the team to set a ceiling on the wage hike prior to the negotiations.

Luxury is considered superfluous, yet it is an essential element of today’s business world. The 1990s has given risen to a new form of luxury, where consumers fantasize and consume expensive products. This fantasy has been created by marketers displaying their brands in elaborate ways, aimed at consumers who are willing to owe such possessions.