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In 1983, American Telephone and Telegraph Company founded Bell Atlantic Corporation. In 2000 Bell Atlantic Corporation emerged as an established entity on merging with GTE and changed its name to Verizon Communications Inc. On April 4, 2000, it was made to earn its new wing as Verizon Wireless with “Verizon” brand name.
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When a person has a quality in him to get the other people to follow him voluntarily, he can be the leader. Each and every organization needs competent leaders to attain many short scale and long scale goals. An ideal leader has a clear picture before his vision about the future and the right path which the organization should follow for the better prospects.
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The conclusion states that L’Oreal has been a success story in the global cosmetics industry with the leadership position intact for a number of years. However, all this success has not been without efforts at every level of the organization. Its strengths range from its very strong tradition of research to the current global presence in 130 countries with 5 brand identities.
An efficient third-party logistics provider can add the desired level of value to the marine industry business activity and can bestow several competitive, cost and time-saving advantages of the firms. All it needs to adopt the appropriate method for the selection of a competent 3PL provider to avail the time and cost saving benefits.
Many research activities are performed to identify the changes in the trend of disasters and the observations have resulted in an increased trend in the losses faced due to disasters. The frequency of disasters has also increased with the time while the number of people getting affected depends upon the area which is being hit by the disaster.
It is clear that the strategy used within a company has a major impact on all aspects of the company and can lead to the success or downfall of the company alike. Hence as explained in the book by John Thompson, it is clear that every resource in the business requires to be strategically managed to enable the company to be successful.
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Outsourcing particularly holds importance in the current competitive business environment. After years of downsizing and emphasizing on core competencies, utilities can no longer rely solely on internal staff to meet the demands of designing, implementing, maintaining and optimizing their network infrastructure.
The author states that the Management Science Theory introduced quantitative techniques that would empower managers with control over the use of organizational resources, in a bid to bring efficiency to the production of goods and services. The focus here was to find methods that would assist managers in utilizing an organization’s resources.
This research begins with the statement that the International Committee of Red Cross or ICRC is probably the most established and acknowledged impartial humanitarian aid organization in the world today. ICRC has sustained and expanded successfully since its initiation in 1859 due to its focus on the objectives of providing humanitarian aid in conflict situations and in catastrophic situations.
A service encounter is a learning experience; its effectual administration should comprise of control related to the timing of delivery of various service constituents and the improvement of this customer's experience between and during the delivery of these various elements. It extends over a period of time. It is difficult to define a service as compared to a product.
This report is going to present a deep and thorough analysis of some of the major aspects of the new technology-based system specification which can extensively enhance the business productivity through enhanced management of the business information as well as data. Here we are going to recommend new MIS changes.
Boosting the morale of employees is fundamental, whether this encouragement comes from positive past experiences or constant persuasive communication between managers and employees. Active involvement from managers of all levels, as well as both formal and informal leaders, is significantly helpful in motivating workers to accept the new change
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The first function of accounting is process-oriented, a matter of form, while the second is value-oriented, a matter of substance. Both these functions are important to consider in devising a system for producing information important to management. Life cycle costing is one technique created a quarter-century ago.
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If we consider the value equation where value = performance/cost and where performance is a function of quality, speed and flexibility we can conclude that in order to evaluate performance we have to look at these factors. Performance then can be evaluated on the basis of cost, speed, quality, and flexibility.
This paper addresses the importance of an effective staffing process for a company when operates in other countries and explains the main elements of international human resource management in relation to hiring, training and compensating the employees. Going global has become an increasingly important business strategy.
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This paper tells that BCL has 92 stores spread across four regions, and each region having its own manager, and four distribution depots, the organization employs 16 district managers where each region is divided into four districts. Each district manager answers to their respective regional manager, whilst each store manager answers to their respective district manager.
According to H&M, they are a flat organization, encouraging employees to take up new challenges and try many different roles within the organization. Moreover, many in management today start their association with H&M on the shop floor. The business strategy of keeping fashion fresh has helped H&M evolve continuously.
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Human resource development has a compelling mission to add to the value of the organisation. It is the responsibility of the HR leaders to formulate and implement institutional strategies which aim to contribute towards the growth of the organisation through enhancement of employee productivity and performance (Butterfield, 2008, p.34).
IKEA maintained low-cost efficiency by exploiting economic resources offered in other countries. The company took advantage of the lower cost of labour, land, and materials in China by investing in a manufacturing centre in China. IKEA China manufactured most of IKEA products. This allows mass production at the lower cost.
The company has placed advertisement screens at strategic points which help in guiding consumers in making their purchase decisions. This has helped in increasing their sales by almost 10 percent in more than 60 brands. All this owes to the extent of technological innovation that the company has indulged itself into.
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The business environment that prevails within different types of organization is growing complex with the passage of time. The management in the present business organizations faces several resistances to change from the part of the employees. Resistance to performance management implementation is stated to be among the employees.
This study highlights that the breach of ethics, in this case, comes from the fact that the company continued accepting premiums from its clients in spite of the fact that the company’s financial credibility was in jeopardy because of the massive debt that it kept on accumulating. The debts compromised their financial ability to settle claims brought forward by policyholders.
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Some of the ways in which the companies motivate their workers include, increasing their salary, creating a safe work environment, respecting diversity and opinions, treating the workers in a dignified manner (Dessler 17). This should be done without any form of discrimination and promoting the workers based on their qualification and experience.
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The abbreviation SMART stands for the following: S- Specific, M- Measurable, A- Achievable, R- Realistic, T- Time-Constrained. It is very important for a person to be SMART. Today, people who are not smart are worth nothing and are treated like a wasted piece of paper.
Buro Happold - one of the world’s best engineering consultancy firms - is bounded by various challenges due to being a small partnership firm operating worldwide. The company’s aim to build some renowned structures has made the organization completely ignore the fact that their success was completely based on their employee’s passion to work hard.
Training creates awareness of the meaning and purpose of diversity; training also enhances skills to manage diversity. Training is essential for the managers and for the different cultural groups so that they can understand, respect and learn from one another. Organizational leadership is a key component that can facilitate diversity management.
The author states that participatory development was first introduced in the 1970s, and ever since, it has taken a variety of forms. Participatory development is an example of a basic needs approach to development, and this is because its main aim is to empower the poor and the vulnerable within society.
The researcher states that stiff competition is one of the features that characterize international business and only those entities that have the right strategies and plans in place can gain a competitive advantage over others. One arguable aspect is the role that organizational management plays in devising strategies and overseeing their implementation.
The author states that Ryanair has to stick relentlessly to its commitment of low cost and quality service that has contributed to its current success. It has to unerringly assess the current situation, analyze niche markets and expand judiciously without hiking up operating costs.
This paper demonstrates factors that have necessitated changes in the culture of organizations and the manner in which they function, they are Globalization, developments in the field of information and technology, new management strategies and the competitiveness in the business environment.
In this context, the leader has to consider thoroughly all the particular aspects of his/ her decision and especially the possible consequences of every specific choice. However, it should be taken into account that even under the same circumstances the decisions made by two different leaders regarding the same issue will not be exactly the same.
We have the capacity to serve 55 and generally have at least 33 guests. Guests pay 5 pounds extra for the fancier breakfast on our set menu of three, and outside people pay 10 pounds each. The hotel stays full during the season, and at least two thirds full the rest of the time. Our customers are middle-class to upper-middle-class travellers.
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The author states that significant changes in the organization occur when the organization desires to change its existing strategy on the whole in order to compete in this global economy or in contrast the organization desires to change the nature of its operations. As the organization evolves in the course of various life cycles changes also occur.
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The capital asset pricing model (CAPM) is a model that establishes the equilibrium relationship between the risk and return on a risky asset. (Bodie et al., 2005). The model has often been used by corporations during capital budgeting decisions to establish the appropriate discount rate for evaluating investments.
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The author states that the places of natural visitor attraction are perhaps those sites that are attracting perhaps the largest number of visitors every year. Most of the tourism boards and natural tourism departments earn a great deal of revenue every year from these places of natural attraction.
Apart from considering the CSR to be the corporate strategy, firms are also bound by the rules and norms of the policy environment of the country they are located in (Fox, Ward & Howard, 2002). CSR strategies can have a positive or negative impact on businesses depending upon the strategy the firms choose.
The author states that there are several different modes that can be considered for the term standard and it is essential to note that the term ‘standard’ can mean not only cost but also revenue, and both physical as well as nonphysical elements i that are involved in the process of a firm.
Various construction law formulating bodies including Federation International Des Ingenieurs - Conseils (FIDIC) have formulated laws to cater to the construction risks. These conditions of the contract have been internationally followed in many renowned projects. These contracts allocate various insurance responsibilities to different parties.
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Negotiation is a process of resolving disputes or various issues between the conflicting parties by using effective skills and techniques. Without proper negotiations, it is very difficult to resolve the disputes successfully. A good and proper mediation process always involves such a mediator who is proficient in handling any sort of situation.
Five steps of risk management procedure: (1) recognizing loss exposures; (2) examining substitute risk management process; (3) choosing the most excellent risk management process(s); (4) executing chosen risk management process; as well as (5) monitoring the feedbacks to make sure the risk management plan remains effective.
Federal Express Corporation, or simply FedEx, was established in the year 1973 by Frederick Smith (FedEx). FedEx was the pioneer of the logistics industry and express transportation. Nowadays, FedEx focuses on worldwide transportation and delivery of parcels and packages and is one of the leading transportation companies.
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The author states that the governance of non-profit organizations has been often regarded as problematic, especially by the staff members who are seldom satisfied by the board’s performance. Boards have been targeted for either meddling a lot in the management affairs or becoming altogether ignorant.
A system should also be able to counter incidents and raise proper procedures in case an information security incident occurs. Information security incident handling takes a stride forward in the information security management procedure. The aim is to provide a reference for the management, administration and other technical operational staff.
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Organizational change is a complex and challenging task considering various hurdles such as cultural differences, resistance to change, differences in leadership style and management, governance and political issues etc. Yet, change is inevitable for organizations to improve their existing situation and to sustain their existence.
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The globalization of the world was primarily a result of technological innovations and advancements, which later enhanced information sharing and open communication across borders. The business organizations have also expanded their operations across other countries because of availability of transportation and communication networks.
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The term organizational culture has its own significance in the techno-savvy world of today. It is the process of establishing the empire of business by a series of strategies viz. executing the business concept, promotion, services, goods, pricing, equal and effective idea generation to generate healthy relationship to meet the organizational and personal objectives.
The choices include developed plots of land, Apartments, and Villas. The Company was set up in 1994 in response to the growing demand for good quality housing from the burgeoning population of Saudi Arabia. Moreover, the Promoters are six leading business families of the Country with noteworthy experience in the field.
The GBW is a company from the USA which provides financial help and services to about ten thousand customers. It provides services like mortgage brokers, investment portfolios, and different types of insurances like life insurance, fire, and water insurance, auto insurance etc. The company is set up into many departments.
This paper discusses a new evolutionary paradigm of Project Management 2.0 that is evolved through the high-tech support and facilities of web 2.0. Project Management 2.0 (sometimes mistakenly acknowledged as the Social-Project-Management) is one of the evolutionary information technology (IT) based project management practices.
The on-the-job training that is used most often is the structured one because it is planned and has a hierarchical level attached to it. What this implies is the fact that the on-the-job training should be such that it gives the best return on value to the individuals who are working within the domains of the organization.