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According to the research findings, it can be said that globalization is inevitable due to the level of interconnectedness and interdependence of societies in the modern world. Reconstitution of local manufacturing can indeed lead to higher levels of self-sustenance but history has proven that a country can't close its economy.
The eastern European region is not as wealthy as the rest of the European Union. Eastern Europe is composed of 14 countries. The 14 countries that composed Eastern Europe are Russia, Czech Republic, Poland, Hungary, Romania, Moldova, Croatia, Lithuania, Slovenia, Slovakia, Bulgaria, Ukraine and Belarus, Serbia, Montenegro and Albania.
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This paper is going to investigate the importance of SWOT (Strength, Weaknesses, Opportunities, Threats) Analysis and PESTEL (Political, Economic, Social, Technological, Environment and Legal) Analysis in the area of business planning, particularly in the business environment analysis stage of the process.
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Customer satisfaction is the major aim of the marketing concept. An organization has to find out what will satisfy customers, and create satisfying products. The organization must continue to alter, adapt and develop products to keep pace with customers’ changing desires and preferences. The marketing concept stresses the importance of customers and emphasizes that marketing activities begin and end with them.2 (Jobber & Lancaster, p. 15).
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The cost of production in modern days has gone so high and business organizations are losing or gaining little profits to meet the demands of all their stakeholders. This has prompted business organizations to retrench some of their employees and reduce remuneration for the remaining members in order to lower their cost of production.
From the analysis of the company’s own strengths and weaknesses, as well as the opportunities and threats to the motorcycle industry at large and the heavy motorbike segment in particular, it has been suggested that the best way forward for Harley- Davidson at this juncture is to expand overseas in emerging economies like China and India.
Acquiring customers always has a cost, for instance, advertising and satisfaction that is attained by meeting customer’s requirements and needs; therefore, customer satisfaction should be the main priority for a business (Cochran, 2003 p2). The management had to make some hard but effective decisions, which not only incurred higher costs, but also were effective later in the business.
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The paper tells that the business world today is looking forward to meeting the challenges that stand in the survival path of its organizational structure and strategies of communication. The top brass of every large organization runs a search of numerous ways to bring rapid but enduring changes to effectively fit in their business.
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One of the reasons behind this much importance being attached to the issue is the realization amongst the top-notch states about the diminishing amount of energy resources (Kennedy, 201, 1984). This realization has also led many states to look for alternative energy resources or the mainstream resources in lands other than theirs.
Though it is embarrassing, it is important for an organization to inform its customers of any breach in the organization’s security and this should be done as soon as the problem is noticed. Such a prompt action will enable the customers to take necessary steps to mitigate the problem at hand, for example by changing their email addresses.
The main purpose of written communication is that the majority of people easily understand written expressions rather than spoken ones since they get more time to process the message contained in them. Secondly, the individual should insist the outsourcers re-document the placed requirements in their own words.
The first type of illegal behavior was fraud. Fraud is considered a violation of existing laws in the United States. The fraudulent activity of the company violated the Securities Act of 1933. The second type of illegal behavior was deception as the company was selling an investment product that did not exist since the company did not actually invest the money in the stock or money market and instead it simply paid out dividends and principal from the money that it was receiving from new investors.
eBay, Inc. stands out as the largest sized as well as most widely used market on the web, providing customers to purchase as well as put up for sale nearly everything. Approximately 430,000 people today in the USA come up with all of or even the majority of their own existing through this website. eBay’s web-based transaction program known as PayPal, facilitates ventures almost everywhere on the globe.
When executives made decisions that did not consider that the risks they were taking by investing excessively in the derivates market they thought only of themselves. The risks taken by them were higher than risk adverse shareholders would approve and this was done without notifying the shareholders of their actions.
Knowledge sharing practices at B&Q are demonstrated through its employee engagement strategies. The most noted strategy is their ‘one planet home’ strategy dedicated to a greener environment, which required about 30,000 B&Q employees to share their own ideas with each other and with customers about improving their environment and business.
The use of social networks has taken center stage in the world of internet marketing services. Another trend in 2011 in internet marketing services is mobile marketing which has been adopted in order to reach customers across the age divide. Blogging is also a significant trend in to day’s internet marketing, and this means that search engine optimization is still relevant in this business (Bailey, 2011).
Acquisition should add value to a firm’s marketing position, profitability and competitiveness. Pitfalls in acquisition process might be on account of hidden liabilities, conflicting employment practices, and corporate culture and values. Key words: Acquisition, complementarities, financial analysis, technology, organization, marketing, compensation, corporate social responsibility.
Organizations comprise different people with different objectives and interests that have to be broken for collective goals to be attained (Thomas, 1987, pp. 758). Therefore, managers are normally faced with many challenges that they have to deal with on a daily basis.
With the present eight restaurants being managed and governed by Jay Morgan, the Operations and Human Resources Manager, time has come when the present overseeing of HR functions require joining the bandwagon of contemporary organizations’ institution of an automated system that would address complexities of managing HR functions and payroll requirements.
Generally speaking, businesses can maintain long-term relationships with international clients by using suitable communication levels and styles to enhance business negotiation processes. This can be achieved by ensuring that communication methods are effective and focus on customers’ needs and wants.
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The essay demonstrated that their major innovation was the development of the country’s first political marketing firm – Whitaker & Baxter Campaigns, Inc. Within these company operations, Whitaker and Baxter would handle many prominent local, state, and national campaigns. Most prominently they handled Richard Nixon’s first presidential campaign.
The Enron scandal had veritably opened a can of worms in the corporate world and laid bare to the public insidious corporate practices that were made tools of deceit and conceal the truth from the public. Enron had evidently breached the line of corporate ethical correctness in the name of profits and more profits without taking into account the welfare of its shareholders and employees, who had to shoulder the losses that the company’s bankruptcy engendered.
The author states that globalization remains one of the most influential factors of business development and growth. In the postmodern reality, globalization provides opportunities for creating and integrating new business forms, facilitates communication and cooperation, and removes barriers to market expansion.
The modern advanced corporations would like to hire employees with multidisciplinary skills and professional knowledge in many fields. Therefore, there is no wonder that in the modern Universities and colleges professors direct their efforts on educating their students in many different subjects simultaneously.
This figure shows an overall increase though there were negative figures related to states like Maryland. This figure is based on the hiring data of those small businesses that use Intuit’s online payroll software. The report also shows that there is a considerable increase on the pay rate of the employees of small businesses.
Department of Business, Innovation and Skills estimated the low-carbon and environmental goods and services business in UK at ?112bn generating almost 910,000 jobs. (Green Deal opportunity) Taking clue from above, My Green Business will be in the field of energy in my small manufacturing unit producing paper notebooks where in my machine consumes 2kW-hour of power.
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The most important fact that has been revealed by researchers and practitioners is that there is a direct correlation between training programs and productivity and performance of employees in the organization. Even though the above fact is perfectly true, the need for training needs assessments cannot be ignored.
The choice of organic coffee was appropriate for my business, as most customers prefer organic coffee because it is natural and it does not have chemical additives. Due to the emergence of many health issues, people are concerned about what they consume, therefore, my choice of organic coffee has contributed to the demand for coffee at the café.
The author states that modern communication such internet and information technology has greatly enhanced the exchange of information across the world at unprecedented speed. In addition, the discovery of fast and safe methods of transport has enhanced greater mobility of people across the globe.
Socially Responsible Investment, also known as ethical investment, is an investment discipline that in addition to the risk and returns issues in investment, takes into account social or environmental issues. The difference between SRI and conventional investment is the employment of specific investment strategies.
Businesses are formed with an aim to make profits and shareholders/owners’ wealth. Businesses require a considerable amount of capital in order to successfully establish and develop. The formation of businesses is based on the legal structures provided to the entrepreneurs to establish their businesses.
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Health care coding specialists deal with the major issue of data entry in health care sector. “Coders have evolved from health information clerical position to a highly technical and specialized field of professionals” (Weil, 2007). Coders can work on the site and away from remote location and those who work away from remote location are known as “remote coders”.
Motorola’s merging, acquisition and partnership from the beginning with companies such as Ford Motor Company, General Instrument Corporation and others proves that great windows of opportunities were waiting for Motorola as a pioneering company in its industry. Furthermore, the increasing demand for products and services it offered from the start proves to be a remarkable opportunity on its part.
According to the research findings, it can, therefore, be said that increase in fuel prices has influenced the world airline industry severely. The rise in prices has not only influences the financial strength of the airlines but it has also influenced the business strategies and future growth of the airline industry.
It is not only hard to start your own business but harder to keep it running which practically requires a strong backup to face the new challenges. Some of the interesting references are in record which gives encouragement to young entrepreneurs but it cannot narrate the pain they got to make it successful.
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New venture development is a complex process that involves all the activities concerned with the identification of business opportunities including product or service design, business frame design, and marketing. The process of new venture development consists of several phases irrespective of the nature and size of the business.
It was also used to motivate their employees and serve as a guideline for them. Mentor based their strategies from their vision. 2. Evaluate whether the vision strengthened or weakened the company. Support your answer. The vision “Beat Daisy” strengthened the company in that it resulted in revenues greater than that of Daisy’s.
More Canadian or US international companies are spreading their scope across other countries in order to expand. However, one of the most important reasons for this is to maximize its growing revenue and resources. For Chinese businessmen, one of the most important resources that their company could have is the human resource.
The paper will present its case with the analysis of the information systems used by three companies and the problems and dimensions of the information system according to cost, design specification, data, and operations. Moreover, the paper will outline recommendations for the improvement of the information systems and the implementation of the system.
People invest money in something to earn capital gain out of it. Capital gain can be in terms of profits, dividends, increase in share value, increase in the value of the firm and this goes on as you move on from monetary gains to non-monetary gains. People have a major misconception that firms only aim is to maximize their profit.
The globalisation of the international economy has produced unique challenges. The collapse of fiscal policies in one part of the world affects the entire globe. Recent decades have seen fiscal challenges that could have been avoided if careful monitoring had produced positive action on the part of involved governments and regulatory agencies.
According to the report the recession that started with a real estate crisis, bursting of housing bubble, unrealistic credit conditions and liquidity crisis in the United States, spread like a wild fire to almost all the economies in the world, converting national financial crunch of the United States into a global financial recession.
A lot of changes can be incorporated into Methodist healthcare to make it a better organization than it currently is; this module has taught us several important aspects. Leadership was taught in the first week and every employee should have leadership abilities to be really able to contribute to the organization, modern-day organizations require several leaders to be really able to compete against other forces.
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Here BOS advances that Nintendo Wii has to look for those factors in the gaming industry that the industry has been competing on that can be done away with. Traditionally, in the Red Ocean, game expansion packs are utilized as a customer lock-in strategy. They are used to extend the gamer's interest beyond the original version of the game.
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Some of the American franchises have made it big internationally including the industry leader McDonald’s. McDonald’s participates in the burger segment of the industry. The biggest players in that segment are McDonald’s and Burger King. These two companies have had intense competition over the years and their marketing efforts target each other on many occasions.
The proxy statement of the company in 2010 says that “he possesses detailed and in-depth knowledge of the issues, opportunities and challenges facing the company” (Henning). Howard's son Andrew Solomon was a victim of acute depression at the age of 31. This motivated Solomon to introduce new antidepressants into the United States.
Caterpillar Company is one of the largest producers of earthmoving equipment, manufacturing construction equipment and supplying heavy truck engines. Although several competitors of the company were prevailing in the market, yet the company had been successful in leading at the top position until the 1980s.
Crude oil is the primary raw material used in the manufacture of gasoline. This means that the demand of oil has a direct effect on the retail price of gasoline. If the global demand for crude oil increases, its price also rises. This means that the acquisition of the raw material used in the manufacture of gasoline will cost more than usual, and the effect of this will be an increase in gasoline prices.
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.
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Managing risk through a global capital strategy: risk is ever-present in the capital markets. Rather than avoiding risk, hospitals need an effective strategy to manage it.
This paper looks at the financial situations of hospitals (especially in US) and suggests that new market structures after the financial crisis of 2007-2008 call for different and improved risk management measures and the effect of debt on its capital structure.