Studentshare
Subjects
Miscellaneous
Managing Business Organizations (business studies)

Managing Business Organizations (business studies) - Essay Example

Add to wishlist

Summary

Any activity carried out to run a particular business such as controlling, planning, leading, monitoring, organising, etc is deemed to be a part of business management. Each and every organisation would have some similarities and some differences in the way that these activities…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER94.3% of users find it useful

Managing Business Organizations (business studies)

Read Text Preview

Subject: Miscellaneous
Type: Essay
Level: Undergraduate
Pages: 4 (1000 words)
Downloads: 2
Author: kcartwright

Extract of sample "Managing Business Organizations (business studies)"

Download file to see previous pages

and these differences and similarities a multi-national organisation “ZARA” is compared with a local UK architecture firm Purcell Miller Tritton (PMT) LLP. Zara is a renowned brand and flagship chain store of Inditex Group. It has gradually gained major popularity since its first store was opened in Spain. Zara has operated with an aggressive management style towards the business. It has proven many theories wrong, theories related to economies of scale, supply chain, etc. The company’s operation can be divided into philosophy, capability and payoff.

Zara has kept a philosophy to keep 5 fingers touching the factory and five touching the customer i.e. they have kept a very quick movement between the production of their stock and the immediate transfer of that stock to the stores. Their main capability is to design, produce and deliver in 15 days as compared to the six month industry average. This is the major area in which the company has excelled over its competitors and has kept them way behind and it is because of these unique strategic capabilities that the company took over the clothing industry giant GAP in their first quarter of 2010.

Zara’s main and the innovative approach is their fast fashion trend, which makes their product available in stores after just two weeks in the designing process. Besides such a fast and flashy approach, they keep their production limited i.e. the batch of clothing in merchandise is only available for just that two weeks time period and after that it is not available in the stores. This approach of scarcity and the customer’s perception towards rarity has helped Zara to boost their Revenues significantly.

(Bonnin, 2002; Tokatli, 2008) The main distinctive feature about Zara is its co-operative nature i.e. every staff member of the organization is involved in some business process for the entire organization. Each store manager and the store assistant are really participative in collecting and providing information

...Download file to see next pages Read More

CHECK THESE SAMPLES OF Managing Business Organizations (business studies)

The Competitive Atmosphere of Business

Table of Contents Table of Contents 3 Introduction 4 The evolving concept of diversity 4 Multiculturalism 5 Benefits of diversity in workforce for for-profit business organizations 6 Challenges faced by the organization due to diverse workforce 6 Conclusion 7 References 8 Introduction The world is changing rapidly and the concept of diversity has become a truism in current times (Rosado, 2006).... The paper "The Competitive Atmosphere of business" states that management of diversity, in a nutshell, refers to proper planning and efficient implementation of organizational systems or practices that would lead to resourceful management of the human resources of the organization....

6 Pages (1500 words) Case Study

Managing Organisational Change

hellip; Businesses and organizations are more than ever feeling the pressures and challenges being put forward by rapid changes in almost all the spheres of the corporate world.... The source of such a change traces its origins to both within and outside the organizations.... External social, economic and technological changes push the organizations and institutions into an adaptive mode.... Now if such a competitive scenario is further analyzed in the context of the universal economic integration that is the direct outcome of globalization, one comes to the conclusion that it is next to impossible for the organizations and businesses to survive without a proactive initiative on the part of their individual employees in favor of change (Ollinger, 2006, p....

6 Pages (1500 words) Case Study

Business Project

To illustrate, there is a growth of the use of mobile applications among the business sector as reflected by the emergence of personal digital assistants which could provide Microsoft the opportunity to take advantage of the virtually small number of companies offering software services for the said hardware.... (Amoruso et al, 2002) Finally, majority of the business divisions of the company is expanding which provides future possibilities for success....

7 Pages (1750 words) Case Study

Employment Relationships Impact on the Overall Success of an Organisation

Many empirical studies have demonstrated a relationship between employer and outcomes of job satisfaction and organizational commitment.... The increase in international competition and the rapid technological advances are favoring organizations that are more efficient, innovative and productive.... The intensified pressures have generated major challenges in managing employment relationships (Noer, 1993; Herriot, Manning and Kidd, 1997)....

7 Pages (1750 words) Case Study

Managing business performance & IT

Evaluation of the company based on the following strategic management business analysis tools: SWOT Analysis, Porter's Five Forces, Value Chain Analysis, PEST Analysis, and McFarlan's Strategic Grid. SWOT analysis is a business tool which aims to describe the… SWOT stands for strengths, weaknesses, opportunities, and threats.... Porter's Five Forces is a business analysis tool that is focused on the industry with which the firm or the company operates....

13 Pages (3250 words) Case Study

What is Human Resource Management and Why Does It Matter

Without them, daily business operations such as making business transactions, managing financial flows.... Since then the term has increasingly been applied in numerous business undertakings of both small and large organizations to refer to organizational functions relating to matters related to employees.... Human Resource Management describes a system within organizations designed for the management of employees....

8 Pages (2000 words) Case Study

Performance of the Client Organizations

The paper under the title 'Performance of the Client organizations' presents contemporary organizations which are left increasingly dependent on their unique set of internal resources and capabilities to create value and sustainable competitive strategy.... hellip; In order to acquire and/or employ the knowledge and/or expertise required for optimal development and change, organizations partner with specialist entities or management consultancies....

6 Pages (1500 words) Case Study

Career Development in Business

The paper "Career Development in business" describes that the correct and most appropriate plan for Kruger Fine Foods would be a mixture of a piece-rate system with performance-related pay as it would suit its needs best and cater to both types of workers within it.... Off-the-job training aspects would include things like lectures, action learning, role-playing, group programs, projects, outdoor training, business games etc.... It is an ongoing process and a much-needed one hence mostly all organizations aim at providing their employees with incentives and skills that are needed to make sure they stay “developed”....

8 Pages (2000 words) Case Study