...The review of a business model Bachelor assignment THE REVIEW OF A BUSINESS MODEL Research on changing the business model for a Dutch tour operator Leon van der Heijden ‐ June 2010 University of Twente Faculty: School of Management and Governance Education: Industrial Engineering & Management Drienerlolaan 5 7522 NB Enschede www.mb.utwente.nl Supervisor: Dr. K. (Kasia) Zalewska‐Kurek Co‐reader: Dr. J. (Joris) M.J. Heuven Mensink Capital B.V. World Trade Center Amsterdam A Tower – Level 5 Strawinskylaan 509 1077 XX Amsterdam www.mensinkcapital.nl Principal: Drs. H. (Hugo) J.T. Mensink Author: L. (Leon) E. van der Heijden Willem‐Alexanderstraat 39 7511 KJ Enschede l.e.vanderheijden@student.utwente.nl Frontpage: Smith, Alan (2009). The Movement. www.businessmodelgeneration.com Management summary The travel industry is one of the largest and also one of the fastest changing industries in the World. The emergence of the internet has radically changed the way business is conducted throughout the industry. This research focuses on a Dutch tour operator which is having trouble adjusting to the fast changing business environment. This tour operator did not make the transition to online direct selling but still sells its products via retail partners only. Due to fierce competition of online ...
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...UNIVERSIDAD AUTONOMA DE NUEVO LEÓN FACULTAD DE CONTADURÍA PÚBLICA Y ADMINISTRACIÓN CARRERA: NEGOCIOS INTERNACIONALES REVIEW OF GLOBALIZATION AND BUSINESS CULTURE M.N.I. JORGE EUGENIO RIOS GONZALES ALUMNO: JOCELYN NAYELY CASTILLO MARTINEZ GRUPO: 1BI SALÓN: 612 26 DE ENERO DEL 2016 GLOBALIZACION AND BUSSINESS CULTURE Basically this video shows us how we can be able to be successful in a business how to communicate with other people around the world, how to be intelligently on making new partner and how to run your own business. It shows how Japanese culture is successful with their own businesses, an idea they implemented was suggestion box for their employees, they got the chance to speak for them self and the head quarter listen to them and took notes on those suggestion to see what areas were needed to be improve. It is really good when a boss takes time to listen to and hear what time of ideas you have in mind, since basically the own employees are the ones that are down there making the job and are able to see much better what is going on. Also the Indian culture they are really dedicated to their work they’re the ones that can improve our technology base on their intelligence not saying that other culture can’t but they have been the leading culture on technology base on the video. They also work with really close friends and hang out with people of their own...
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...Business 121 Slide Ⅰ 1. What is a business model? * * A business model describes the rationale of how an organization creates, delivers, and captures value.(How a company intends to make money / the logic by which it sustains itself financially. Or how your idea actually becomes a business.) * * 2.Business model canvas? * * * * * * * * * * * * * * * * * * * * * * * * * * 3.What is a multi-sided platform business model? Give an example, list the customer groups and explain how they interact with each other. * * Multi-sided Platform is one of the business model patterns. Multi-sided Platform brings together two or more distinct but interdependent groups of customers. Such platforms are of value to one group of customers only if the other groups if customers are also present. The platform creates value by facilitating interactions between the different groups. A multi-sided platform grows in value to the extent that it attracts more users, a phenomenon known as the Network Effect. * Network effects and Positive feedback loops are economic terms that describe the snowballing benefits to front-runners in some markets. * * Example and analysis: * LinkedIn is the world’s largest professional network. As of 31st March 2012, LinkedIn had 161 million members in over 200 countries. LinkedIn helps the professionals...
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...Organizational Design & Business Ethics: A Literature Review Abstract A review of the current literature regarding business ethics was conducted analyzing scholarly peer-reviewed articles about business ethics and their relation to leadership, managerial decision making, corporate social responsibility and overall corporate structure. Increased corporate scandals and the discovery of a rise in unethical business practices have thrown the topic of business ethics into the spotlight. Organizations are expected by their stakeholders to implement strong ethics within their corporate structure and culture. This expectation could be accomplished through strong ethical leadership, formal structures and regulations that place emphasis on ethics, and by making a commitment to corporate social responsibility. Using these guidelines will help organizations overcome the various challenges allowing the business to build a strong ethical foundation that will ultimately benefit the company through increased customer and employee satisfaction, which could result in increased profits, organizational sustainability and social status. The review of the literature reveals that there is still plenty of room for exploration on the topic of business ethics and particularly with the topic of ethical leadership. It is recommended that more focus be placed on understanding the influence of strong ethical leadership within an organization and how this influence flows down the organizational...
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...Geoffrey M. Cox Macroethics. Personal Responsibility in an Age of Global Problems Review Assignment Make a summary of the author’s main contentions This study starts with the point of view that classic ethics are failing when they are confronted with many global problems. Compared to other periods of time, the world is able to connect nowadays. Because of the possibilities of the media, nearly ever person has qualitatively and quantitatively choices. The author emphasizes that we don’t choose to be global citizens; she claims that the world’s people are global citizens. People would choose the way of living with the media. The human nature is the basis for the philosophical morality. The concept of virtue, which was defined by Aristotle and other philosophers is basing on the philosophical morality. They underline that people fulfill their potential by using their intellect and will. „Excellent“ would not be given by nature, people have to put afford in work to achieve this status. Besides, other philosophers characterized mortality apart from particular human talents and functions. For examples Kant refers to rationality or Hume choose rationality as criterion. Other authors also claim natural right as the source of ethics. In all of these described concepts, ethics are based on essential human experience and our notions of ethical goodness are intrinsically bound up with our self-definition. At the macro level, ethics deduce from the essential nature like social...
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...Literature Review - Business Intelligence Timothy Sheahan Liberty University Business 600 Dr. Jonathan D. Schultz December 19, 2013 Abstract Business intelligence (BI) is a popular and growing field that helps managers and decision-makers in deciding important decisions. Over the past two decades advancements in technology have elevated the importance of BI systems and software to an organized corporate strategy and overall success. Reliable and accurate BI systems are used by many large corporations; they can be custom-built by a service provider or by people working for the corporation. This is because they are very expensive, cutting edge software systems. Past research has shown that BI is one of the fastest-growing methods of intelligence gathering in the field. With all of the attention of advances in information technology (IT) and how helpful they are it is easy to overlook some of their repercussions. This paper highlights the importance of BI in decision-making areas and the techniques used to make them. Advantages and benefits are then discussed and one major problem is described in detail. Computer hacking is becoming more popular as the future comes closer and it is a larger problem than most think outside of the business world. The conclusion offers an insight into the future of BI and identifies the problem of hacking as its major threat. 1. Introduction ...
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...A Literature Review: Incorporating Ethics Training in Business Abstract As the need for showing the importance of ethical behavior standards has become more prominent of the past decade, this review intends to show the need for standards of ethics in businesses based on previous research. Ethical training within a business is a topic that has been debated on importance. It has been discussed as a benefit and as more of a cosmetic topic. There are many articles written that discuss what business ethics is, and then there are articles that talk about the need for or against training of business ethics by businesses. This review is aimed towards showing the pros and cons of ethics training by businesses as discussed in current or recent surveys, studies, and articles. Introduction Business ethics has been a controversial topic for many years. It is said to be a double-edged sword and is seen as both an evil and as a proactive approach to preventing lies and motive good behavior (Bayley, 2012). There have been many surveys and articles that have been written on the subject matter. Many of these show the importance of ethical standards and training within a business. There seems to be controversy on whether training on ethics in a business is a benefit or just a cosmetic cover. It has been shown through several surveys and discussed in many articles of the benefits of providing ethics training within a business. However, some still believe that it is a short-lived...
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...Business Ethics Across Cultures Article Review XMGT/216 March 5, 2012 Leat Kodua BUSINESS ETHICS ACROSS CULTURES ARTICLE REVIEW Business Ethics Across Cultures This paper will focus on the two articles that I chose to discuss, ‘Business Ethics in Australia and New Zealand1’ and ‘Business Ethics in Japan.” This paper will provide a brief summary of both articles and try to explain some of the primary ethical perspectives of the countries. In the contents of this paper there will also be a discussion on how the articles contribute to understanding global ethical perspectives and will briefly describe the similarities and differences of the business ethics in these two countries and the United States. Although the first article is titled ‘Business Ethics in Australia and New Zealand’ I will discuss only Australia as New Zealand is considered a separate country. Australia This article discusses the effects of the scandals of the 80’s and extending into the 90’s on Australia and New Zealand as both countries have always claimed to be open, fair and honest societies and the scandals that erupted during the 80’s and 90’s shocked the people of Australia exposing the corruption and dereliction of duty that existed where they felt none did. These scandals brought to light the need for ethical codes within the private and government businesses within Australia, however chief executives and senior government officials still are finding it difficult to accept...
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...------------------------------------------------- Business Ethics across Cultures Article Review Meghan Kraft XMGT/216 Deborah Pryer November 22nd 2015 Business Ethics across Cultures Article Review For centuries countries have been sharing their goods, services, cultures, and ways of life with those who visit or decides to do business with their country. While most would assume that people in another land speaking a different language, following a different religion, and eating different food would more than likely perceive and behave differently from than our own; the truth is that even though these differences may be perceived, very little is done to actually understand them appropriately unless it is deemed necessary. It is obvious that through globalization, that not just one, but each and every country has its own problems with ethics regarding business. It is made quite clear that there is a common scourge in business practices worldwide. It is also very clear that we are victims to the same faults that occur in humanity on a global scale. However, what is quickly becoming equally apparent, for international businesses and corporations to deal successfully with a foreign contractor, business, or even government; the proper measures must be taken to understand the differences in ethical perception and to work to accommodate those differences. Failure to do so leave many of these companies and businesses vulnerable for international ethical dilemmas that are quickly...
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...Business Ethics Across Cultures Article Review Ken R. Johnson XMGT 216 May 27, 2012 Instructor: Deborah McCafferty Business Ethics Across Cultures Article Review Globalization has been an ongoing event for many centuries; ever since the first traders and merchants sought out other countries to bring back uniquely different food and goods, countries have been sharing their culture and perspectives with those they visit or those that come to their borders. Today, with the widespread use of Internet, digital information, and focus on international business, the positive effect of globalization is much more apparent as well as the challenges it presents to countries with different ethical cultures. While most would assume that people in another land speaking a different language, following a different religion, and eating different food would more than likely perceive and behave differently from than our own; the truth is that even though these differences may be perceived, very little is done to actually understand them appropriately unless it is deemed necessary. However, what is quickly becoming equally apparent, for international businesses and corporations to deal successfully with a foreign contractor, business, or even government; the proper measures must be taken to understand the differences in ethical perception and to work to accommodate those differences. Failure to do so leave many of these companies and businesses...
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...Business Ethics Across Cultures Article Review XMGT/216 Business Ethics Across Cultures Article Review The first article I reviewed was titled Islamic finance: Notion of stewardship imbues business ethics. The author discussed the global economic crisis of 2008 in Islam. He reviewed how the lack of training of Islamic employees in ethics contributed to the economic crisis. Several of the ethical lapses that occurred during the ethical crisis were caused by risk also known as gharar and gambling. Both gharar and gambling are banned by Islamic law (Smith, 2012). The author argues that religious beliefs not limited to Islam can influence more responsibility within a business’s leadership. Omneya Abdelsalam, the director of the El Shaarani Research Centre for Islamic Business believes the belief of god and his power brings an acute level of accountability and responsibility (Smith, 2012). The suggestion of Dr Abdelsalam is that the belief of religion has a direct power of the way individuals conduct business. Islamic businesses primary ethical perspectives are to fulfill social responsibility of the business to the best of its capabilities, have fair treatment for employees, care for the environment and customers, and fulfilling the obligation toward shareholders and other stakeholders (Smith, 2012). Challenges faced by Islamic businesses are the views of tangible assets and some principles. Cedomir Nestorovic, a professor of Islamic business and management states that...
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...Business Ethics Across Cultures Article Review XMGT/216 Steven Cusick This discussion on the business ethics in China and Canada are going to be covered using a pair of articles written on the business ethics in these two countries on opposite sides of the world. This could be a difference due to the difference in cultures as well as a difference between the economies of the two different countries. These are both articles that cover where these countries are with their business ethics and some reasons that they have or are seeing some issues with this particular topic of the business world. The first is “Business ethics in China: A human resource management issue?” which is an article on the dismal ethics code that is heading toward improvement in the country. There is a discussion on the relationship between the poor business ethics in China and the deep traditions that are directly related to the ancestry of the country and its people. Along with these traditions there is also a comparison to the economy of China being in a transitional phase and there being a higher want to get rich quick as it was more about taking advantage of these lower ethics to reap the larger benefits. In the article “Business ethics in Canada: Distinctiveness and directions” there are some distinct influences in this business community. This article discusses how Canadian business communities have gone the route of incorporating all aspects of social life as well as the economic life...
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...Compliance Program / Annual Procedure Review Rule 206(4)-7 of the Investment Advisers Act creates a fiduciary responsibility for investment advisers to review annually their policies and procedures to determine their adequacy and the effectiveness of their implementation. As part of this review, all policies, procedures and responsibilities of an adviser must be reviewed, and the findings documented. The review should consider all factors that might suggest a need to revise the policies and procedures including any compliance matters that occurred during the year, any changes in the adviser’s or its affiliates business activities, or changes to applicable regulations. Reviews should be conducted by independent individuals (e.g., the department manager) not immediately responsible for implementation of a particular procedure. An overall review and approval of the adviser’s policies and procedures should be completed by the Chief Compliance Officer and should be submitted to the adviser’s Management Committee or Executive Officers for Final Action. |Procedure | |Summary & |Recommended |Reviewer & | |Completion Date & | |Reviewed |Findings |Conclusions |Change/Update |Date of Review |Review by CCO |Final Actions ...
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...Cultural difference begins with the ethical variations of perspectives or business ethics of each individual international company. Language is a huge barrier when it comes to international or inter-cultural business dealings, but despite the language barrier one must consider business ethics when communicating. The rapid growth of globalization has prompted businesses to develop international codes of ethics that are used world wide as a standard of ethics no matter what culture or country one is dealing with; this has assisted businesses in making sure that all employees are following the same code of ethics and keeps the company running ethically. Two countries that have had many articles written their ethical perspectives are Brazil and China; these articles also give an overview of the study used to compare ethical differences between American and Brazilian MBA graduates working during the study. In the article concerning the ethical perspectives of Brazil and China, the Chinese believe that communication is the key component in business affairs; employees of both domestic and international companies must use communication to complete any business deals or transactions. One influence that sets the Chinese apart from other countries in their way of ethics is that their base ethics teachings are based off the teachings of Confucius. Confucius was known as a political figure, educator, and a thinker; his teachings have become the foundation on how the Chinese perceive education...
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...Leadership Reflection This paper reflects on the following questions: What do you think is your passion? Why do you say this is your passion, as it may be manifested in your personality, personal history and lineage? --- As I was reflecting on this intently, I came across this online article from Harvard Business Review where Peter Drucker, one of the most influential people in the area of modern management, talked about the topic on managing oneself. And an excerpt from this article below quite interests me the most. “Most people think they know what they are good at. They are usually wrong. More often, people know what they are not good at—and even then more people are wrong than right. And yet, a person can perform only from strength. One cannot build performance on weaknesses, let alone on something one cannot do at all.” - by Peter F. Drucker, Harvard Business Review: “Managing Oneself”; http://hbr.org/2005/01/managing-oneself/ar/1 This struck me quite a bit as I found this a bit ironic, because this somehow describes how things are unravelling, particularly on the state of my profession right now, and the state of things, in general. Well, I am not quite sure what I’m really good at. It’s not like I’m inept. It’s just that I am not sure if I’m really good at something. I’ve always engaged myself with so many things back then as my personal history reveals, as “jack of all trades, master of none” identity. For example, I have passion for creating...
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