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Additionally, the CEO is required to communicate on behalf the company to the employees, shareholders, government, as well as the public.
The duty of the Board of Directors is much related apart from the role of hiring the CEO. Essentially, the boards of directors are responsible for hiring directors of a company. In addition, it is the role of the directors to assess the strategies and the overall direction of the organization.
The bankruptcy of Enron is most associated with the failures CEO and board of directors’. It is the responsibility of the CEO to ensure that all expenditures within an organization are within the endorsed yearly budget. Additionally, it is the duty of the CEO to protect the interest of its shareholders by ensuring that the price of the company’s share does not reduce in value. Lay-Skilling Fastow leadership failed to protect the interest of the shareholders as the stock of share drastically reduced as well as EPS (Earning per Share). A decrease in the value of shares means that few investors will be interested in investing in the company and hence the company will struggle to raise adequate capital for its operation (Johnson, 2003, p. 45).
Organization culture is human behavior within an organization and the ability of individuals to attach to those behaviors. Organizational cultures signify the beliefs, principles, as well as corrective values of the members the organization. Various cultures can be represented in an organization including values, norms, visions, systems, symptoms, assumptions, symbols, habits among others.
Organizational culture is critical to the success of organizations. Enron organizational cultures were based on communication, integrity, as well as excellence. The organization ensured that client, vendors among other individuals or organizations are reverently treated without any form of arrogance and callousness. Enron also if integrity is enforced in every business transacting that is within
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1.0. Introduction This paper will discuss the operations strategy process for three companies that operate in the UK’s Quick Service Restaurant (QSR) industry, namely: McDonald’s, Subway and KFC. The paper shall focus on the market-led operations strategy process placing emphasis on the use of Hill’s methodology.
In fact, as the market become sophisticated, so are the customers and this therefore needs special considerations among organizations to work out for efficient operations. This means that an operation needs not to be focused greatly on a single perspective or consideration, but there are different factors or business aspects that need to be taken into account.
23). An operation on the other hand entails the due processes involved in the supply of products and services by the organization. This means that the role of decision-making and related functions lies entirely in the docket of the operations managers (Cadle, Paul, & Turner 2010, p.
The transformation process requires lot of people involvement and techniques that will provide the requirements of the clients (MIT Sloan School of Management, 2010).
Operations management is an integral part of
tail industry is used widely at various stages (as depicted in Figure 1) for various purposes such as to enhance the effectiveness of supply chain operations, increase productivity and efficiency of the staff as well as ensure greater consumer satisfaction.
Technologies such as
Competition among the different players in the various industries comes up because the kind of product and the type of service that the organization offers seems better in comparison the other competitors in
ssive firms in the local and international markets are those that have recognized the importance of effective marketing techniques in conducting business. A common examples of a company that has benefited from the effective use of marketing gimmicks is the Nestle Company.
Apple Inc, IBM, and Samsung are leading information technology and software vendors in the world. Setting up effective operational strategies and performance objectives is essential for these firms in order to come up with the changes in customer demand, macro, and microenvironmental factors.
5 Pages(1250 words)Research Paper
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