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According to the discussion BCM has been defined by various authors and companies in similar, but yet somewhat different ways; it should be noted that there is no single notion of BCM; each company introducing its principles them into practice, makes the notion slightly amended according to the nature of company's business performance.
By the means of taxation, the government acquires purchasing power from the people and then uses the funds so raised in productive investment, which is essential for rapid economic growth.
(b) A tax on sale of a particular commodity or general sales tax; and (c) import and export of commodity known as customs duty.
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We have been tasked by the UK Oil and Gas industry Association (UKOGA), to recommend a suitable supply chain solution to cope with future oil demand. This report details the findings of our research, and to recommends the optimal solution in response. An effective supply chain is particularly important given that the United Kingdom is the fourth-largest oil and gas producer in the world.
The conclusion from this study states that retailing is now considered as one of the major sector of the national economy than ever before because of its daily interactions, trends to provide jobs & contribution to GDP. From this point of view, this sector employs somewhere 2.8 and 3 million people while many of them are getting part-time facility.
The primary switch in business has thus been the form from economic to legal. The industrial revolution and urbanization were associated with later changes in legal structure. The primary reasons that caused a switch to the legal form in business were to make businesses more formalized, more predictable, and accountable.
Mineral processing is a capital-intensive and long-term investment where the payback period can stretch to a couple of decades. Conditions of profitability have to be predicted over a very long future which calls for stable ground. The paper seeks to identify the impact of tax reforms.
The provisions are required to be original and actual and therefore, the companies are now bound to report any liabilities with relevant information. The IAS 37 is likely to force more variability into the company’s earnings, as the companies are not able to smooth their earnings as they previously did because of the loopholes found in traditional accounting.
In this world, when things are computerized and technologies are getting more and more common in daily lives; production and marketing are getting a hard-hitting competition. Every one around in the market wants to earn more, get the fame and though often introduce new products using latest technologies.
The author of the paper states that the ways in which these challenges are met will determine whether the firm will be a success or failure. While the current environment could best be described as risky, with careful deliberation it offers several opportunities to increase sales and revenue.
This paper discusses the marketing strategy for a new service that is conceived in response to the changing scenario in the Indian market. The service being explored is offered by a company in the business of healthcare administration for corporates, and experienced in managing healthcare provider networks.
The author states that the three fiscal years before the sell-off warrants the decision of BMW. The deteriorating profitability is evident by the incurrence of a huge loss in 1999 which leads to a negative return on assets (-4.47), return on capital invested (-8.25), and net income margin (-7.25).
Traditional marketing models fail to capture the complexity of contemporary consumer behaviour. Simple cause and effect can no longer be relied upon as a predictive guide for consumers or markets. Established communication models, particularly those which picture communication as a magic bullet fired at the customer's mind to ensure compliance with marketing plans, are similarly inadequate.
In most high-income countries, fitness and wellness programs have slowly taken root. Keeping fitness is a family affair as parents and their children gain the benefits of bonding together and keeping physically fit. Families have discovered the importance of finding the time to exercise on a regular basis. Children and adolescents who exercised a lot were able to tackle stress and retain positive outlook compared to those who did not.
It uses a science-based framework in order to help the organizations and the communities to understand and progress towards sustainability. It has defined a technical framework that the organizations can follow. A number of businesses, colleges, government agencies, and industries are embracing this business model.
Better tasting food, a wider range of menu item choices and highly competitive comparative prices, among others, are simply not enough to propel the organisation in front of its competitors (Kincheloe, 2002). Indeed, to do so, it is imperative that it create/innovate a comparative advantage and this is what McDonald’s has done.
The author states that moving specifically towards the elements of sales the article moves the reader’s attention towards Sprint, where the organization is selling with an emphasis on closing the sales as soon as possible or else the sales effort could be a total waste of time. They also seem to be having a bit of a row.
Inductive reasoning is a branch of logic. In a valid inductive argument, the conclusion is believed to be true on the based once dents (Joyce, Weil, 2000). Although a generalization is made based on the evidence gathered but if, even a se logic is proved wrong the whole generalization is considered inappropriate.
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Customer loyalty can be defined as the totality of positive attitudes or feelings that would urge a customer to consider the re-purchase of a particular product, service or brand or re-visit a particular company, shop or website. Customer loyalty has always been critical to business expansion, profitability and sustainability of business.
In addition to the detailed presentations given by the experts, this workshop offered the participants a platform to exchange their views and experiences. Here, I capture a few salient points of the workshop.
Obesity is a rapidly growing epidemic. It is affecting one fourth of UK population and translates to roughly half a million obese people every year.
For Jerry Luftman, “The achievement of strategic alignment requires a process of continuous adaptation and change in light of strategic intent and current business strategies”. However, the road for this continuous adaptation and change isn’t a bed of roses for business leaders or executives, or even employees.
These include control point charts, project control charts, and milestone charts. Contingency plans are also required in this step to cope with movements in goalposts. Team briefing at regular intervals is very important to review the performance and to clarify the steps towards the achievement of goals.
The organization is also affected by the economic, political, legal, social, technological, and international variables of the times. All managers, whether they work in the public or private sector, operate in the same external environment. They face common pressures that the environment exerts on them.
The advances in technology and the fast modernization of the world opened new and very promising avenues of business opportunities not just in an individual’s locale but also abroad. A lot of business-minded individuals from different countries with different nationalities and cultural orientations have and continuously defied the geographic boundaries.
The management team of Marks & Spencer has gone through a significant change during the last few years as a consequence of the deteriorating position of the company in the competitive retail market. The company seems to far away from the point of success and profitability it proudly witnessed about a decade ago.
The Sony Group is an international entity focused on electronics, games, entertainment, and financial services. The range of their product is extensive. The company enjoys the premier position globally and its growth has been phenomenally linked to its history of innovation and zealous marketing(Sony Global).
(Investopedia.com)
iii. Put option - An option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time. This is the opposite of a call option, which gives the holder the right to buy shares.
To analyze organizations and to determine the nature of pervasiveness of practice developments soft systems methodology was used. Soft system methodologies adopt an action research approach to problems and focus on creating change rather than simply describing the problem. Developing models of relevance to the 'real world' or practice situation achieve this.
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General Systems Theory was founded by Austrian biologist Ludwig von Bertalanffy (1901–1972) who took care of a so-called “compartmentalization” of science: "The physicist, the biologist, the psychologist, and the social scientist are, so to speak, encapsulated in a private universe, and it is difficult to get word from one cocoon to another."
This essay analyzes the UK marketing of fashion. The UK fashion market is huge and growing at a steady rate. It is comprised of many brands which are highly competitive and seek to capture a niche in the market. One of them is Zara the Spanish fashion retailer which taps into both global and local trends to become a popular choice for the youth.
Subprime is a term that refers to the loans which specifically don’t meet the Fannie Mae or Freddie Mac lending guidelines. In general use, it is used to refer to the lending which is made at a higher rate than the conventional prime rate. Therefore, Subprime lending may not reflect the credit status of the one who is borrowing the loan.
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The theory of the comparative advantage can be thought of as an answer to an economic philosophy developed in the countries of England, Spain, France, Portugal, and the Netherlands: the mercantilism. The mercantilists believed that the way to a nation’s wealth and power is to export more than it imports.
The company’s vision has shifted from the “down and dirty pricing leader” as Carnival’s Senior VP Vicki Freed, herself, has put it to a more quality-oriented type of service and product. The clear vision has for the company is one that highlights the appeal to people, i.e. the “wow factor”, that’s what today’s carnival is all about, the wow effect”.
This showcases the difference in GDP across the world.
Massive economic calculations are required to arrive at these GDP numbers. Irrespective of the methods, GDP is quoted either as Nominal GDP or Real GDP. The words nominal and real signify the same meaning as in interest rates or any other concept where these are used.
The author of the paper states that traders in the stock market would always be anxious to know what’s in store for them in the coming future. In this particular dissertation, I have clearly analyzed statistically the impact of automation on the Singapore stock exchange and Hang Seng.
These changes are aimed at helping tackle any problems arising from the reforms and to forecast the levels of project success, while attempting to solve problems related to the predominance of personal capitalism which implies weak organizational capabilities.An essential role is played by the BPF to represent the interest of the construction industry clients to the Government.
Macroeconomics is the part of economics that deals with the economy as a whole, as opposed to microeconomics that deals with individual industries and sectors. Fluctuations in the economy as a whole, that is, in aggregate output, cause fluctuations in the unemployment rate, interest rates, and average prices.
The author states that Gerard Hoberg analyzed the dividend decisions of firms from 1963 to 2004 using a Compustat a sample of 127,858 observations for calendar years 1963–2004 excluding firms with book equity below $250,000 or assets below $500,000. He used this dataset to define a firm’s systematic risk.
The author states that Bruce Aitken, President, and CEO of Methanex described the event as a win-win situation for both parties. This due to the fact that Methanex will save on shutdown costs for the Kitimat site while Encana will have the benefit of a terminal ling facility. There is a binding agreement between the two parties.
The report examines the detailed innovative practices adopted at Topp Tiles Plc, the leading building materials supplier in the UK. In spite of being the leading supplier of tiles in the UK, the company needed more innovative strategies to maintain its sales both during the period of high growth in sales and also during the periods of recession.
Processes are the functional attributes of services which refers to how services are delivered. The service product is technical quality and refers to what is delivered. At Leith Agency, this will be the advertisement options they offer their client, while the processes will be the different media through which the adverts get to the customers.
This essay provides the reader with a more informed understanding of the concepts of depression and recession the study will state facts and explanations on the various aspects of finance and accounting such as Working capital, Costing Systems and techniques, Management of resources especially scarce resources such as funding and management, and Budgeting.
The upstream petroleum industry is a term normally used in reference to the “searching for and the recovery of and production of crude oil and natural gases”. The 1990s has seen enormous upstream technology inventions and innovation such as “3-D seismic, horizontal and steerable drilling, and host of deepwater technology advances”
British Airways contributes to economic growth in the UK as it is part of a transport infrastructure on which many other parts of the economy depends on. Better transport links between cities have expanded markets, allowing for economies of scale, increased specialization in areas of competitive advantage and stiffer competitive pressures.
The example of Xerox Corporation shows how competition strategies can cause failure and loss of market shares.
It should be noted that competition in the 1990s was cause by globalization processes, economic integration, removal of barriers to business on the global scale.
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It is essential for every organization to conduct market research when making decisions about their products and services. Research provides a better understanding of what the consumers want, where the products and services currently stand and what product decision should be made in order to make sound business decisions.
The subject can be best understood beginning with such questions as -
Why are interest rates often excessively high on local lending markets in Third World countries Why do people who want to buy a good used car turn to a dealer rather than a private seller Why do rich landowners not bear the entire harvest risk in contracts with poor tenants (Ibid).
The nature of the relationship between each service-oriented facility and the end consumer is based on separate transactions that can occur continuously, that is, a client can buy or sell an item through eBay and Amazon at any time, but each physical sales transaction is a singular event.
As the real estate industry adopts a global perspective for local market activity, real estate academics and practitioners across geography are making deliberate efforts to understand the views of their international colleagues on important real estate topics including basic professional practice and ethics associated with the profession.
This paper deals with the strategic management of Walmart. The two basic aspects that are relevant to Walmart’s strategic management here are marketing and HRM. The Walmart company shifted its strategy from mass marketing to product variety market and then to target marketing so as to cater to the growing market for its range of products.
Ethical and environmental policies and practices have undergone radical changes. Around fifteen years ago, companies assumed that environmental and ethical policies only adherence to legal standards. However, things have taken a turn for the better; businesses have now become more vigilant about environmental compliance and business ethics.