...The world has become more and more competitive from the rapid development in recent decades. Some corporations have suffered from the failure of transformation, but some companies successfully overcame the challenge, and furthermore, dominated in their field and have had continuously expended until now. What makes them different are some crucial factors of business like strategy, structure of organization, leadership. Most of these play important roles during the development of enterprises and interact with each other. However, in a heavily competitive field, the key factor must be strategy. On the one hand, for huge corporations, strategy can not only guide the corporations on the correct track but also can even explore additional possibilities which bring up the positive effectiveness of development. On the other hand, for some immature companies, strategy is a suitable way to prevent disorder or disorganization, and it also helps them to define the location clearly in their field. The most importance feature of good strategy is: building up the core value of enterprise. Nowadays corporations face numerous issues of development which include human resources, supply chain, manufacturing and other relative fields. There are some external influences which keep changing the conditions of the environment. In the business field, globalization is a significant trend which has gradually become the most effective phenomenon and the most enormous challenge in the global market. This...
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...Project Management Construct a Cost-Benefit Analysis matrix for an organization that is considering replacing its internal payroll system with a payroll outsourcing service. Include direct and indirect revenue enhancements and direct and indirect cost reductions. For an organization which is considering replacing its internal payroll system with a payroll outsourcing service, the direct revenue enhancements and cost reductions for a company which is into internal payroll system may include increase in productivity of the company’s employees since they can now focus on doing more productive things, and improve the profitability. For instance, this holds true for small businesses with employee strength of 10-20. Moreover, the other direct cost reduction could be avoiding IRS Penalties. According to the IRS, 40.00% of small businesses pay an average penalty of US$845.00 per year for late or incorrect filings and payments. Outsourcing of payroll may help the company to avoid the penalty notices. The other direct revenue enhancements could be reduction on transaction costs. The outsourcing company may enable the employees to claim Reimbursement statements and other things online. The indirect revenue enhancements could be building brand in the other countries. For instance, the outsourced company features its partner’s Logo Branding which enables the company to display the company name, and logo in all employee and client access pages. The other indirect cost reduction could be...
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...advantage when it comes to international trading. Saudi Arabia shares borders with Iraq 814 km, Jordan 744 km, Kuwait 222 km, Oman 676 km, Qatar 60 km, UAE 457 km and Yemen 1,458 km. Those countries are unstable and that makes it hard to do business and investments in such a region. Although, Saudi Arabia is on the borders of those countries, the investment still is going well. On the other hand, China stretches about 5026 kilometers across the East Asian landmarks. It is bordered in the east by the Taiwan Strait, East China sea, Korean Bay and Yellow sea. China shares borders with a total of 14 countries such as Mongolia, Pakistan and North Korea. With the total landmass with 9.6 million km², China also is the third biggest landmass country behind Russia and Canada. Population The population in Saudi Arabia has been increasing every year 1.49% and for now...
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...in Management and Trusteeship; Social Values and Political Environment Indian Ethos: Values and Ethics; Requisites for Ethics Globally A Holistic Management System; Management in Indian Perspective Unit-II Unit-III Unit-IV Unit-V 45, Anurag Nagar, Behind Press Complex, Indore (M.P.) Ph.: 4262100, www.rccmindore.com 1 B.B.A. VI Semester Subject: Indian Ethos in Management UNIT – 1 BUSINESS ETHICS Business ethics is nothing but the application of ethics in business. Business ethics is the application of general ethical ideas to business behavior. Ethical business behavior facilitates and promotes good to society, improves profitability, fosters business relations and employee productivity. The concept of business ethics has come to mean various things to various people, but generally it‘s coming to know what it right or wrong in the workplace and doing what‘s right - this is in regard to effects of products/ services and in relationships with stakeholders. Business ethics is concerned with the behavior of a businessman in doing a business. Unethical practices are creating problems to businessman and business units. The life and growth of a business unit depends upon the ethics practiced by a businessman....
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...Ethics in Accounting Tonya Thompson Carlene Wilson Immediate Accounting ACC305 November 17, 2010 What is Ethics? Business ethics are moral values and principles that determine our conduct in the business world. Commercial ethics standards activities are needed; whether you have a single client or several business organizations. Ethics Standards can be applied to all aspects of business, from generation of an idea the sell of the particular item. While the objective of all business is to make profits, ethics should contribute to the interest of the society by ensuring fair practices. Being ethical is a theoretical inquiry into the standards of right and wrong or good and bad. Ethics deals with morality insofar as it embodies a set of rules already accepted or formulated for potential acceptance. In studying morality Ethics primarily describes, analyzes and criticizes different moral codes as to their consistency, viability and legitimacy. But it also envisions better norms based on human ability to learn and get a better insight into the nature of our own conduct. Each type of business sectors have associations that has set some kind of ethical standards for them to follow. One association for CPA’s is Financial Executives International (FEI) they were founded in 1931 as the Controllers Institute of America. The expansion of responsibilities of financial executives into policy-making areas led us to change...
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...Essay one. Economics is the study of human behavior as a relationship between ends and scarce means which have alternative uses. This definition is according to Robinson. While Marshall defined economics as a study of mankind in an ordinary business of life thus it inquires how he gets income and how he uses it. This definition clearly defines that economics is about studying wealth and mankind. The two definitions have various implications among them, is that human beings have needs which are unlimited and he can’t be satisfied completely. Meaning that man can continue to have wants or needs but means to satis. The other implication is that man has means of satisfying the unlimited wants using limited resources. The other implication is that man has alternative uses of scarce resources. Economics gives rise to scarcity and choice as well as opportunity cost. Microeconomics about scarcity and choice. the term scarce means limited in supply. In this sense all things are scarce i.e. they are limited in supply. Wants are innumerable, but the resources for satisfying these wants are severely limited. From this fundamental fact arises the basic economic problem of choice. While choice between alternative courses of action is at the base of much economic activity; the house owner deciding to spend money on either repairing or repainting property. In general resources are limited, i.e are relatively scarce, and therefore, individuals must choose between competing...
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...modified "image of man and nature”. The poet is able to impart "the glory and freshness of a dream" to ordinary things of nature. He can present in his poetry the light that never was on land and sea. He is able to do so to the creative faculty of imagination. It is thus an active power. Poet is not a passive reflector of images formed from nature. He is a man who not only feels strongly but also thinks long and deeply. He is able to treat absent things as if they are present. Here Canterbury tales present an example of this imaginative power to visualize objects which are not present before poet’s eyes in their concrete forms but he presents them before us that they seem real. 29 pilgrims of Chaucer are his imaginative characters, all their qualities, merits and demerits are his own creations and here his creation is supported by his imagination. Imagination enables the poet to look deep into the heart and soul of things. It is through the imaginative faculty that he arrives at...
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...the world leader, Eastman Kodak is always looking for talented people. Kodak has continued to expand the ways and images touch people's daily lives. Kodak is a top supplier of innovative solutions for digital, conventional and blended print production environment (History of Kodak, 2008). Eastman Kodak Company is an American multinational public company which produces imaging and photographic materials and equipment. It is known for its extensive variety of pictorial film products. Eastman Kodak is actually concentrating on two major markets; the first is digital photography and the second is digital printing (About Kodak's Graphic Communications Group, 2008). In Rochester and Jamestown New York, Kodak was founded by George Eastman and businessman Henry Strong. George Eastman as president purchased the stock of American Aristotype Company. In the year 1982, the Eastman Kodak Company was founded. The company is incorporated in New Jersey but has its offices in Rochester, New York. The slogan, You press the button; we do the rest, was given by the founder of the company, George Eastman (About Kodak's Graphic Communications Group, 2008). External analysis of Eastman Kodak * Porter's five forces Model According to Michael porter, an authority on competitive strategy contends that a corporation is most concerned with the intensity of competition within its industry. The level of this intensity is determined by basic competitive forces like...
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...Introduction In 1975 the nine most important companies, in terms of sells, in Mexico were own by the state or were 100% foreign companies. Is the tenth company were private companies with national participation started to appear, as Cerveceria Cuahutemoc which at that time occupied the twelfth place at a national level. In 1995 as we all know it occurred the “onda salinista” were many companies were affected between them were PEMEX and Altos Hornos de Mexico which are companies that are extremely important for the Mexican economy, but at that bad moment of the country, Fomento Economico Meixano (FEMSA), which is the controller of Cerveceria Cuauhtemoc-Moctezuma and grupo Modelo were achieving an important position between the first 20 places of the best companies. In this last years both companies continue growing and not only their competition is at a national level, now their competition is also in the foreign market. For this, FEMSA join with the foreign beer company Heineken in order to distribute in the United States the products Tecate, Dos Equis, Sol, Carta Blanca y Bohemia. With this both companies will have the 26% of presence of the exported beers in the United States market. Also this will help the company from Monterrey to strength his competition with Grupo Modelo. The main reason for Cerveceria to look forward this types of joints with other companies is to expand their market to other countries and with this over pass their competition. * The beginning...
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...largest among the NCBs while Pubali is leading in the private ones. Among the 9 foreign banks, Standard Chartered has become the largest in the country. Besides the scheduled banks, Samabai (Cooperative) Bank, Ansar-VDP Bank, Karmasansthan (Employment) Bank and Grameen bank are functioning in the financial sector. The number of total branches of all scheduled banks is 6,038 as of June 2000. Of the branches, 39.95 per cent (2,412) are located in the urban areas and 60.05 per cent (3,626) in the rural areas. Of the branches NCBs hold 3,616, private commercial banks 1,214, foreign banks 31 and specialized banks 1,177. Bangladesh Bank (BB) regulates and supervises the activities of all banks. The BB is now carrying out a reform program to ensure quality services by the banks. 1.2. History of Prime Bank Prime Bank started its...
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...In this essay I will examine the benefits and drawbacks of studying for a university degree and will demonstrate which one outweighs the other. I will also start by defining what a university degree actually is. A degree can be defined as an academic diploma that is received from a college or university. It is an official certificate that a person gains after completing three to four years of study at an academic institution of higher education. The most common type of degree is called a ‘bachelors’ degree, which is also known as a first degree. Owning a degree qualifies a person for various professional fields. For some fields, for example the medical field, the occupations have titles for which a degree must first be obtained. To gain the title of ‘doctor’, a doctorate must be completed. This is an advanced graduate degree programme and is the highest form of degree. Other forms of degree include a master’s degree which is a course of study taken after a first degree is obtained. Many professions require at least a basic first degree. Fields such as medicine, science and law require an advanced degree and sometimes a doctoral degree. Some fields that require a basic degree or higher, include business and education. Possession of any type of degree can often be seen the degree holders name. For example John Smith BBA, this would stand for bachelor’s degree of business administration, or M.D. which would stand for doctor of medicine. Doctoral candidates require completion of...
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...Social Responsibility Sir Geoffrey Chandler defines corporate social responsibility (CSR) as conducting transparent business practices that are based on ethical values, compliance with legal requirement, and respect for people, communities, and the environment. According to the Social Responsibility of the Businessman, CSR is defined as “the obligations of business to pursue those policies, to make those decisions or to follow those lines of action which are desirable in terms of the objectives and values of our society” (Bowen, 1953). 2.0 The potential of CSR in creating sustainable development The previous driving force had a great potential of exploiting the sustainability of this world at large. This is solely because when a company’s only purpose is to maximize profit at any economic, environmental or social cost. According to the Brundtland report sustainable development is interpreted as the development that meets the needs of the present without compromising the ability of future generations to meet their own needs. The definition given by Brundtland report is built under two main concepts; needs and limitation. Needs in a sense is attributed to the essential needs of the majority of the current population, the poor people, to which the main priority should be given. Similarly, the concept of limitation measures the environment’s ability to meet present and future need. The reason to this is, our plant...
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...Introduction: There is a common business saying that “follow your passion and success will follow you”. Shanaka Fernando is a visionary businessman who has a passion for helping people. He decided to open a restaurant where customer would decide how much to pay for their meals and extra donations would fund another customer’s meal who normally could not afford. He opened Lentil as Anything nine years ago, which are now a chain of vegetarian restaurants across Melbourne. Lentil as Anything or Lentil for short, also believes in assisting their employees by sponsoring some of them get their Australian visa, and management have extended this culture by hiring people who are struggling to find employment. However, despite Shanaka’s and his team’s passion, they have failed to run an efficient and successful organisation. Throughout the day-to-day operation of the organisation, poor management and ‘no-structure’ culture has contributed to the struggles within Lentil’s operation. This essay will discuss the mismanagement in the organisation and suggests what managers can do to turn it into a successful firm. First discussion is regarding no quality control for their products and services. Quality plays a significant role on both products and services that meet or exceed customer's expectations. Secondly, it will discuss the issue regarding Lentil’s operation is running without any form of financial management in place. Financial management is crucial with planning, controlling and...
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...1. Working in groups is often cited as an essential part of workplace but something students often either really like or loathe as part of their course assessment. Using the information from chapters 8 & 9 of the text as a starting point, how do you explain the differences between group work at university and in the workplace and how could university group work outcomes be improved? Working with groups of people at university can be quite diverse and troublesome at times, however, understanding how people function in these groups is essential in the workplace and can save us much hassle later. Many theories have been proposed to explain the benefits of working in groups and why it is crucial in the workplace. Although the literature covers a wide variety of such theories, this review will focus on four major themes, which emerge repeatedly throughout the literature reviewed and explains the difference between group work at university and in the workplace. These themes are: why should groups be formed, the stages groups tend to go through, how do groups function effectively, and what are the advantages and disadvantages of working in a group. Although the literature presents these themes in a variety of contexts, this paper will primarily focus on their application to working in groups at university. Andrew Carnegie, a famous businessman, once said “ Teamwork is the ability to work together toward a common vision. The ability to direct individual accomplishments toward...
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...Independent University Bangladesh [pic] MBA 509 : Human Resource Management Assignment : Mentoring at Coca Cola foods Prepared For: Dr. M. Nazmul Amin Majumdar Lecturer Graduate School Of Business Independent University Bangladesh Prepared by: Riaz Uddin Ahmed ID: 0620017 Naveed Ahmad ID: 0831059 Afroza Begum ID: 0620013 Jubair ahmed ID: 0421016 Date of Submission: 26.11.2012 Mentoring at Coca Cola foods Introduction Mentorship is considered as an important training & development tool as a formal programme in many renowned Companies of the world. It refers to a relationship between an experienced person and a less experienced person for the purpose of helping the one with less experienced one, known as “the protégé”. The protégé seeks the advice and support of the more experienced person. The mentor provides proper guidance and counselling so that the less experienced persons can advance in their lives, careers or education. According to Scandura, Tejeda, werther & Lankau (1996, p. 50), in the mentoring process, mentors speedup nurturing environments wherein protégés many grow faster and more professional than their peers and are therefore better prepared to compete in the organization and as leaders. Coca-Cola Foods, which is one of the world’s most recognized Company believes that Human Resource Department is a key to building competitive advantage through people and to the creation of a high performing organization...
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