...goals of business and government vs. The social goals of the citizens and government of American society September 28, 2015 By: Tevita Uasilaa ID#U0769666 There are many conflicting reasons among economic goals of business and government as to the social goals of citizens and government in the American society. In this assessment, I will go over a few points from both sides and how they would conflict with one another based on moral standards. Thoreau says, “understanding business is crucial to learning how to avoid being crushed by itthat and education in business allows for maximum utility.” ( Foundation of Business Thought. Pg. 5, Lines 2528n understanding business, you should know the ins and the outs, different ) I potential conflicts and how to resolve the issues. In the meanwhile,uring the first few d class discussions we often discussed motivation and what the real motivator was. When we were asked as a class, “what motivates people?” Many replied, “money.” Then when told, we came to the realization that the real motivator is what money buys. hether it W be a new car, house, new clothes, etc. Whatever it may be, that’s what drives many to the point of discussion. First, we will start off with economic goals of business and government. An economic goal for a business and government would be efficiency . How well the business/ gove...
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...Fred is a former senior executive of an automotive parts industry company. He worked for the company for almost thirty years and was ready to go back to Indianapolis, his hometown, and semis retire while running his own business. He came to this conclusion due to the fast paced job as well as the travelling the job entitled. Three years earlier, Fred took the buyout funds from the company he worked in and invested them, with his wife, in a car repair franchise in a suburb in Indianapolis. He has been expanding since and seven years later he holds five franchised locations around Indianapolis. Revenues from the first two car repair shops financed his last two businesses. He currently has twenty-seven full time employees, yet feels the stress from running the shops for ten-hour work days and evenings full of paperwork. It seems Fred is working more now that he is semiretired than before as a senior executive. Fred is not going thru this by himself since this situation happens often with franchisees and the misconception of being their own boss and their own company. They believe that others will take care of all the headaches and exposure of the business, yet the franchisor is the one making the money in royalties and advertisement while dictating how the business must look and even be ran. If Fred does not comply then the franchisor can take the franchise away at any moment and Fred would be left with nothing. Assess Fred’s capability and capacity to be a franchisee in...
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...Assignment 4: Toward Sustainability? Tourism in the Republic of Cyprus Due Week 10 and worth 200 points Tourism has both a positive and negative impact on the local community. Many communities look toward tourism to bring strong economic growth and stability; however, often times, communities overlook the potential negative social, political, and environmental impact. For this assignment, refer to the case study titled “Towards Sustainability: Tourism in the Republic of Cyprus,” found in the Harris, L.C, & Husbands, W 1996 case book. Write a six to eight (6-8) page paper in which you: 1. Provide an overview of the tourism activities in Cyprus prior to the contemporary development and planning of tourism. 2. Assess the economic, social, political, and environmental impact of tourism prior to the contemporary development and planning of tourism. State why proper tourism planning and development was needed. 3. Summarize the contemporary tourism planning process the government of Cyprus, the Cyprus Tourism Organization (CTO), and the World Tourism Organization (WTO) conducted and the effects of the plan. Critique the plan’s effectiveness and recommend what could have been done differently. 4. Recommend three (3) strategies for moving Cyprus toward sustainability with its tourism industry. 5. Conduct a financial analysis of the tourism industry in Cyprus today and a future projection of tourism demand for Cyprus. 6. Compare and contrast another coastal tourism destination with Cyprus...
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...Management and Creative Thought in World Class Corporation There is a saying that “Management is an art” which indicated that successful management always associated with creative ways of organize and coordinate of the activities. Creative thought is vital to manager, especially to the managers who worked in world class corporations because some management role in such organization requires the ability to facilitate resources creatively. However, someone may argue that in most developed corporation they have implemented standardized management system. What the managers need to do is just following the guideline and procedure of the corporation so creative thought doesn’t apply to this kind of corporation. In my opinion, if creative thought is required to be a manager that depends on the position in the corporation. According to business dictionary, creative thought is a way of looking at problems or situations from a fresh perspective that suggests unorthodox solutions (Creative). For management, creative thought could be explained as a the manager or team leader looking at the problem of the business at a different point of view and trying to find the solution in an untraditional way sometime involves challenge of the existing business policy or business process. In order to pursue successive development, innovation is unavoidable which requires creative thought in management team, especially in senior management team. In terms of world class corporations, the management...
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...procedures, items and thoughts, and can improve the probability of a business succeeding (Business.gov.au, n. d). Organizations that advance make more effective work forms and have better efficiency and execution. For business, this could mean actualizing new thoughts, making dynamic products or enhancing your current services. Innovation can be a catalyst for the development and achievement of your business, and offer you some assistance with adapting and develop in the marketplace. Being innovative does not mean designing; innovation can mean changing your plan of action and adjusting to changes in your surroundings to convey better items or services. Effective innovation ought to be an in-manufactured some portion of your business procedure, where you make a society of advancement and lead the route in inventive deduction and imaginative critical thinking. Organizations that improve make more proficient work forms and have better profitability and execution. Innovation associations don't inexplicably appear. Maybe, they are made by pioneers who build up the conditions important to draw out the creative thoughts inside everybody (Robert, 2015). Key Steps towards Business Innovation: • Conduct an examination of the business sector environment, your client’s needs and needs and contenders. Be interested in new thoughts and versatile to change. • Develop a key, responsive arrangement, which incorporates advancement as a key business process over the whole business (Business.gov.au...
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...Business Correspondence Topic: Types of audience, purpose of communication and writing. Audience Audience generally refers to a listening, reading or viewing public. It is important to determine the level of education and understanding that our audience has about the subject of our communication. Are we addressing experts in the field of our subject, or lay people? Generally, audiences can be classified into three categories; they are the "lay" audience, the "managerial" audience, and the "experts." The "lay" audiences are people with no special or little knowledge. They are usually clueless and need background information; they need more definition and description; and they may want attractive graphics or visuals to help them know better and learn more. The "managerial” audiences are people that have more knowledge than the “lay” audience about the subject, but they need more detailed and expert knowledge so they can make a decision about the issue. Any background information, facts, statistics needed to make a decision should be highlighted. The "experts" audiences are people that are the most knowledgeable compared to the “lay” and “managerial” audiences. However, they may be the most demanding audience in terms of knowledge, presentation, and graphics or visuals. Experts are often "theorists" or "practitioners." How do you determine your audience? Writers determine their audience types by considering: * Who they are (age, sex, education, economic...
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...(National Wages Council (NWC), 1996), both brothers, Charles and Keith faced employment challenges such as the lack of opportunities as they had not done well academically and with that, they decided to work in their family owned shop in Ang Mo Kio. They assisted their parents entirely from the serving of customers to stock counting. “After helping out in my family owned shop for a couple of years, I felt that ladies footwear in Singapore was plain and basic as compared to other countries. There was no footwear retailer selling fanciful footwear at good pricing. Women in Singapore often have to rely on imported footwear which is expensive and unbefitting. Together with Keith, we introduced this brand – Charles & Keith”. Starting a business is never easy, especially when you are younger than others in the industry. “When we first started, the suppliers felt that I was young and incompetent. They were not willing to co-operate and often introduced expensive designs that had been rejected by other retailers.” In addition, from customer feedback, Charles observed that merely selling shoes bought from wholesale suppliers did not provide a variety of designs and choices to customers. Instead of...
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...Competitor analysis: Website & Thought leadership Report by Rashmi Singh (PGDM No: 10098) Work carried out at Tata Consultancy Services, Bangalore, Karnataka Submitted in partial fulfilment of the requirement of Summer Internship Programme Under the Supervision of Mr. Ashish Shetty, Marketing Lead, Insurance ISU, TCS, Bangalore SDM Institute for Management Development Mysore, Karnataka, India (June 2011) SDM IMD INSTITUTE CERTIFICATE This is to certify that Ms. Rashmi Singh, undergoing PGDM program 2010-12 at this institute has successfully completed the Summer Internship Programme on the project titled ―Competitor Analysis: Website and Thought Leadership‖ at TCS, Bangalore, from April 01, 2011 to May 31, 2011 as a partial requirement for completion of his PGDM curriculum. Prof. Govinda Sharma Internal Faculty Guide SDM IMD, Mysore. Date: 24/06/2011 Place: Mysore Summer Internship Project Page 2 SDM IMD Acknowledgement I take this opportunity to extend my sincere gratitude to our guides at Tata Consultancy Services, Mr. Ashish Shetty and Ms. Varsha Nair who spent a lot of time mentoring and guiding us. The insurance ISU was a completely new arena for us. We stumbled a few times, yet they have been very patient and supportive with us, always encouraging us to give our best. I also thank the Academic relationship manager, TCS, Mr. Chandra Koduru, for helping us with the joining formalities and induction program. I would also like to thank Prof. N. R. Govinda Sharma...
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...International Research Thoughts ISSN 2347–8861 October-December 2013 Supply Chain Management: It’s Importance in Today’s Business * Kavita Jain Assistant Professor, Department Management, Govt. P.G.College, Gohana (Sonipat). * Susheela Rathee Assistant Professor, Department Management, Govt. P.G.College, Gohana (Sonipat). ABSTRACT Supply chain management (SCM) is the management of the flow of goods. It manages complex and dynamic supply and demand networks. It includes the movement and storage of raw materials, work‐in‐process inventory, and finished goods from point of origin to point of consumption.The object of the present research is to examine the importance of supply chain management in a business entity and measure the impact of supply chain management on the today’s business. For the purpose of conducting this enquiry the present researcher based on secondary sources of information from some published books, printed materials of select business entities and from relevant websites. The study concluded that supply chain management is a very important process in a business organization. A business organization avails a lot of benefits from SCM as‐ reduction in inventory cost, provides better medium for information sharing, improves customer satisfaction etc. The study also finds that supply chain management has a great impact on the today’s business organization. Keywords : Chain Management (SCM), Business organization, Importance...
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...1 The History of Marketing Thought This reading assignment is from Dr. Chuck Hermans‟ PhD work. He is a professor at Missouri State University and granted permission to use it for this course on health marketing. A key observation to notice throughout this reading assignment is that in the history of business (or commercial) marketing there has been no reference to health, prevention, wellness or medicine as products or services to motivate people to buy or to sell or market to people. An important concept to note however, from the article is that marketers evolved to applying theories of behavior, the same as health educator‟s use. Among these are concepts borrowed from established disciplines, such as psychology and sociology and suggesting that marketing is a social science. Please note that the bold text are from the original text from Dr. Hermans. The article begins now. Bartels, Robert (1976) “The History of Marketing Thought,” 2nd edition, Highlights selected by Dr. Hermans are from chapters 1,2,3,4,9,10,11,12,13,and 14. Accessed on Sep 18, 2009. Available at http://www.faculty.missouristate.edu/c/ChuckHermans/Bartels.htm Chapter 1: The Meaning of Marketing The establishment of a market economy wrought marked changes in the social and economic structure. A new attitude toward business revolutionized the economy of the country and that revolutionary element was identified by the term „marketing.‟ Historical accounts of trade lead one to conclude that marketing...
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...that ‘other’ person betray you, you are in front of a disloyal person that you cannot rely on him or her. What concepts did you choose to ilustrate the issue you have chosen? The main concepts that we chose and the main reasons were: * Trust We used this concept because they were friends, and Nicolas didn’t have the money to started the business, so their friend trust in all the effort that he put in developed the business and they put more money or their pockets to pay the part of Nicolas. * Fear We used the term Fear, because George worked for more than 2 years to get that money and he felt fear to loss that amount of money, that he worked so hard to get it. * Intuition This concept it used because George had an intuition about that something was missing in the business plan, that was only because he didn’t know all the process that Nicolas follow, George always had been a person that need all in control. * Empathy This concept we used in the situation were George and Rodrigo put the money for Nicolas, they understood that Nicolas didn’t have the money, so they put on his place and with an empathy thought said that they paid for him. * Uncertainly This term we used in the final situation when George said to Nicolas that had a relationship with...
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...Bartels, Robert (1976) “The History of Marketing Thought,” 2 ed., pp.1-33, 123-243, Chapters 1,2,3,4,9,10,11,12,13,14. Chapter 1: The Meaning of Marketing The establishment of a market economy wrought marked changes in the social and economic structure. A new attitude toward business revolutionized the economy of the country and that revolutionary element was identified by the term ‘marketing.’ Historical accounts of trade lead one to conclude that marketing has always existed. Was the original use of the term marketing merely an application of a new name to an old practice? One theory is that language is an invention of man, an adornment. The other explanation of the origin of language is that it is inseparable from reason. Accordingly, man’s language has developed as his thoughts have developed. By marketing was first meant “that combination of factors which had to be taken into consideration prior to the undertaking of cer6tain selling or promotional activities.” The essence of marketing was the combination of factors. Blindness to and ignorance of that combination of factors is the reason for the absence of terms equivalent to marketing in other languages. Marketing must be regarded not merely as a business practice, but as a social institution. Marketing is essentially a means of meeting and satisfying certain needs of people. It is a highly developed and refined system of thought and practice characteristic of a period in the development of...
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...FOUNDATIONS OF BUSINESS THOUGHT Business 1050 – 005 #5947 Fall 2015 Monday Professor: W. Tim Miller Email: wtmiller@echelon-inc.com Text: Foundations of Business Thought, 1st edition, Boardman, Sandomir and Sondak (Gray cover) Outlines, notes, syllabus, handouts, etc., all be handled through Canvas. Bus1050, section 005, will meet Mondays a full 3 hours from 6:00 PM until 9:00 PM in SFEBB 160. We will use Canvas exclusively in this class for syllabus, handouts, notes, etc. Be familiar with Canvas. Foundations of Business Thought will introduce the student to the cultural, historical and philosophical thought surrounding the issues of business and commerce throughout the ages. By examining the words of great authors, we will get a sense of the timeless nature of business and make the observation that the issues currently facing individuals and business have their origins in writings centuries old and from a wide array of cultural and geographic underpinnings. A brief historical trace will be made to connect us to those businessmen and women who pursued many of the same goals we do today. The course will be divided into three semester sections with six functional areas, each followed by an Exam. A lecture outline is posted to Canvas in the week that section is started. Section 1: A. The Fundamentals of Business - We will read many of the classics of literature and philosophy to discern the authors' beliefs about business fundamentals and, in the...
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...This article review is about an article entitled “What can Psychology Tell us About Business Ethics?” by David Messick (2009). This article was published in the Journal of business ethics. The article explores the relationship between business ethics and psychology through examining the concepts of discrimination and conflict of interest and how they influence ethics in business settings. The article affirms that as much as numerous studies have explored these two concepts from a psychological perspective; there is very limited information on how they influence decision making in business settings. The researcher explores various circumstances related to the two concepts while highlighting scholarly positions to position his arguments. The article is concluded by asserting that analysis of business ethics from a psychological perspective can enhance the ability of promoting high ethical standards business decision-making The position taken by the author is well founded as it is generated through amalgamation of relevant scholarly sources in the positioning of the relationship between business ethics and psychology (Fassin et al., 2011; Shakeel et al., 2011). The author also highlights individual circumstances where his individual unconscious thoughts may have influenced his decision-making. This not only enhances the authenticity of the work, but also its effectiveness to address the research issue. For this reason, it is a good read both in writing and content. Based on...
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...Thought Leadership vs. Emotional Intelligence In today’s ever- changing business world there are many styles of leadership that can be found within an organization. Finding a leader that creates innovation and success is a challenge for any business. A leader can be defined as someone who takes charge, leads, commands others, holds a position of power, or guides people within an organization to reach a desired outcome (McCrimmon, 2005). In their articles McCrimmon (2005) and Goleman (1998) provide an in depth look into how leaders emerge, and what characteristics are essential to successful leadership. McCrimmon details the emergence of thought leaders within a group in contrast to traditional hierarchical leadership roles of the past. In his article, Goleman reviews the five dimensions of emotional intelligence and how possessing these traits can positively impact business culture. Thought Leadership In McCrimmon’s (2005) article Thought leadership: a radical departure from traditional, positional leadership, he states that leaders emerge rather than being selected by the organization. For example when an idea is presented to an organization and the idea becomes widely accepted or adopted, thought leadership has taken place. Thought leadership differs from traditional and informal leadership models. He explains that informal leadership refers to a situation where one member of the group takes on the role of leader for a special project or group, but in fact has...
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