Innovation College Essays Samples For Students

An ERP (Enterprise Resource Planning) is software that enables an organization to manage business processes where it enables several applications to be integrated to the system. This enables an organization to manage back office functions in an effective manner. One example ERP system is SAP (Systems, Applications and Products).
In NIBCON, there are essential principles that are required in order for SAP ERP to be effectively installed into the system. One principle is to have effective communication in all the branches of the company. NIBCON has expanded in business so that there are many branches that have been ...

Internet-Based Software in Highly Regulated Industries

Industries having the United States Food and Drug Administration as their regulator have to put in lots of efforts in order to implement business software for their needs. After identifying an application that best suits their needs and carefully purchasing it, it is a requirement that the software applications undergo a scrutinizing validation process to ensure compliance with FDA standards. The validation may take weeks or even months for the actual implementation of the software to see the light of day. Such inconvenience has led to most companies to drift away from the use of traditional software applications to ...

The predominant academic agreement is that gunpowder was invented in China, but no one scholar in the whole world could tell us the exact date of the creation of gunpowder. However, I researched different articles and found out that there are several major versions of the origin of gunpowder and each version assumes different time it was firstly received by people. According to some authors, for instance Joseph Needham, China used gunpowder in rockets and fireworks in the VII century B.C. (9), another theory tells that gunpowder came to Chine and Arabia in the 1st century from India and ...

A specific instruction on how to date girls of different ethnicities is what is written by Junot Diaz in “How to Date a Browngirl, Blackgirl, Whitegirl, or Halfie.” This story is generally based on the problem of stereotypes and their role in life of contemporary youth. Within the text, Junot demonstrates the series of generalizations based on the outside characteristics of the different people. The main character demonstrates the tendency to treat women differently based on their ethnicity. With the implementation of such technique, author aimed to demonstrate people’s tendency for generalization that is the norm of wide acceptance ...

Introduction

Apple Inc. is a leading company that has recently discovered a gap in the innovative process. The gap was seen to emanate from the lack of slowness in creativity when it came to their products. Apple has always enjoyed the spot of being a technology giant but realized that a new plan needed to be fostered. There have been questions about the creative future of the company, which has a responsibility to give quality products to its consumers as part of its ethics and need to increase profits

One of the strategies that would work for the ...

Discussion Question One

The main objectives of the program were to raise awareness as well as to educate on the dangers of alcohol and substance abuse. The program was also designed to educate the youth on how to subdue the influence of the social environment towards alcohol and substance abuse. Finally, the program was designed to educate the youth on financial and recreational time management in order to prevent the tendency towards the alcohol and substance abuse. The outcomes evaluation was performed based on these objectives.
At the end of the project, the literacy levels of the participants, especially on the ...

Smith's opinion of the views Theil offers in his bookMarket forces ensure production of right goods and services. The price resulting from competition would equal the cost of productions in the long run. However, Thiel is of the opinion that under the perfect competition, business tends to be so focused on the current margins to a level that it cannot possibly have a long term plan. Its only monopoly profits that can allow a business to transcend the daily survival struggle. Thiel illustrates that competition can make people so strong in whatever they are competing. Competition ends up making one focuses so ...

The working environment where employees are expected to function in is expected to produce the most efficient work systems that the employees could use in consideration with the position they are taking note of. The responsibilities they handle and their capacity to complete such roles depend so much on how external environmental factors allow them to complete such tasks. Relatively, during the interview, this particular aspect of innovative architecture has been carried into account.

One specific matter that was given focus during the interview was the before and after application of the concepts of innovative architecture. One aspect involves ...

Introduction

This examines how a photographer Todd walker (1917-1998) used to take photographs before the start of computers in digital world .It further examines how he started to apply computer in his photographic work so as to digitalize the images and other photographic work. This is examined across three decades opt the Todd walker’s work. The use of technology in digital photography is important as the photographs are visualize in three dimensional outlook .When we see Todd walker’s photograph can visualize what it means, how it was taken and the distance the photograph was taken.

The use of computers ...

A budget is an enterprising plan prepared and submitted by a responsible executive. They have technical, political and economic basis. Budgets have definite time and in most cases based on previous periods. There are primarily two basic elements in a public budget. The first one is revenue and the second one is expenses. Revenues are a resultant of taxes while expenses include current spending on goods and services. Most expenses are government investment expenditures and consumption. Examples of government expenses are research expenditure, infrastructure investment and transfer payments such as retirement and unemployment benefits. Although public budgets are economical in nature, they ...

In the early nineteenth century, Hawthorne studied and examined how employees can be motivated by managers in order to work efficiently at maximum rate of return. This theory of motivation and reward had more than use of pay incentives improved the employee output in the work groups and due to the fact that there was a feeling of importance by employees because they were being studied at work, there was an improvement in work. Leaders can derive some concepts from the historic discovery; finding ways of motivating as well as rewarding their employees apart from the perceived rewards of being ...

Ancient music had very distinct styles, musical instruments and elements were easily distinguishable as the songs progressed. The following is an analysis of five songs in terms of the style, tempo, musical elements and form.

- Analysis of the song “Crazy Blues” by Mamie Smith and her Jazz group (Recorded August 10 1920) (cfa.arizona.edu)

Several musical instruments as were use in the song. The sound of a trombone comes first then that of a clarinet and violin follow in unison. The sounds produced by these instruments produce a very distinct tune. When the Mamie Smith sings, several elements of music can be noted these are timbre, harmony, pitch and rhythm.

The song is in classical jazz style and I could tell ...

According to Denhardt and Denhardt (2012), the main role of public servants is to assist citizen’s articulate as well as meet shared interests rather than attempting to steer of control society. However, today there is a tug of war between public management that steers and that that rows. Nye identifies three trends that have resulted in the decentralization or diffusion of government and society. These include globalization, information revolution and marketization. Public administrators are, therefore, left with the task of ensuring equity, service effectiveness and efficiency.

A public service like building inspection by government agencies should be available throughout ...

The question to what extent do leaders influence organizational effectiveness is best answered in analyzing the salient traits desired of a leader towards achievement of organizational goals. This is to say that absent such traits, the leader would be less efficient towards the influence of organizational influence. Chief executive officers often find themselves locked in the dual yet conflicting role of playing a manager as well as a leader. Whether a manager can double up as a leader is now water under the bridge. Contemporary managerial studies prefer that managers restrain from exercising their managerial powers and in place use their leadership skills to ...

Question One: Public Budgeting

The budgeting process goes through different stages. It goes through five strands namely the decision making, revenues, processes, balance and implementation. In all these process, Rubin asserts that the chief tension would often be between public accountability and public acceptability. While public accountability refers to the implementation of the budget through expenditure as agreed in the budget, public acceptability refers to the concept of incurring expenditure as per the wishes of the people, that is, the taxpayers. However, the budget process is complex and complicated making the interface between public acceptability and public accountability uneasy. It is on that ...

Genetically altered foods are foods that are obtained or derived from genetically modified organisms. These genetically modified organisms are organisms in which their genetic material (DNA) has been altered in a manner which does not occur in the natural realm. The genetic modification usually takes place by the introduction of genes from a dissimilar organism. Presently, the genetically altered foods that are available stem mainly from plants. However, with advanced research on DNA, in the future foods that are derived from genetically modified microorganisms or animals are expected to be launched in the market.

Genetically altered foods have become popular and ...

The main reason for choosing this particular topic is to shed more light on the impacts of food borne diseases and outline the measure set in place to remedy the epidemics and encourage a healthy environment for the people. It is also among the recent events that have hit the headlines of the public health industry and people require to be well informed of this kind of emerging ethics.

Food borne diseases has cause millions of American to be either hospitalized or losing their lives. The trends of its effects become a public health burden thus demanding for immediate action. As a ...

PART I.

Solving ethical dilemmas comes with a decision making challenge that uphold the values an organization views as most significant. It involves a consideration of actions relative o the consequences. It involves making decisions that put the values of an organization at stake. Coming up with such decisions involves a consideration of staff loyalty, fidelity and honesty. Such a decision should uphold the critical values whilst minimizing the consequences in the behavioral conduct of the workers. Besides having clear vision and mission statements, most organizations lack an ‘ethos’ element in ethical maintenance. They lack communication of beliefs, existing cultures and expected behavior. This ...

Medicalization growth is the process by which certain aspects of life that were initially not part of health care become medical problems. Biomedicalization is the current process of medicalization that is undergoing constant transformation influenced by new social forms and practices of technology in medicine. New technoscientific innovations transform how health care institutions are managed and how they offer their services. Clinical innovations such as new methods of diagnosis and treatment, bioengineering, and evidenced based medicine are core of biomedicalization. A wide range of knowledge that is now available has expanded the health care services provided. Health practitioners not ...

Is learning about the past pointless if the lessons are not applied to the present? This has been a point of debate by many people including a professor of ancient Roman history who supports the sentiment.

I totally agree with the professor basing on several reasons. William argues that, the past history is a great fountain of experience and practical wisdom to improve the present and as well as be able to anticipate and prepare for the future. In this regard, the past influences the present from which the future can be predicted. I feel that the main reason why people should ...

Philip V. Moore

The exclusionary rule, which forbids the use of illegal obtained evidence in trial, has always been a controversial element of the American criminal justice system. Although it is not considered an individual right, the Supreme Court has held that it is a useful tool to deter against the violation of a person’s constitutional rights.
In fact, one of the fundamental reasons that the Supreme Court, in Mapp v. Ohio, made for the use of the exclusionary rule was the benefit they saw in deterring police from violating the Fourth Amendments rights of the people against unreasonable searches and seizure. Under ...

The Clean Air Act was amended in 1990 and was established to boost local air quality by focusing on polluting sources. In the regions with poor air quality, polluting industries are required to make extra investments in pollution reduction. The research on the industry level indicated that these requirements affect the output and location of polluting industries. Therefore, the Clean Air Act was enacted to regulate pollutants, which are known as criteria pollutants.
The policy should abide with the permitted levels for each criteria pollutant. In the case a locality fails to meet the set standards over a three-year period, ...

Summary of Barilla Spa

Summary of Barilla Spa
Barilla Spa is the world’s largest producer of pasta based in Italy and founded in 1875. It is experiencing a constant change on its production because of variation in order patterns of distributors. It results in operational inefficiency and increase in cost. The only solution to this problem is the implementation of Just in Time Distribution (JITD). The new system eliminates huge variation in manufacturing and production. It has centralized information and data transparency exists between Barilla and distributors. Forecasting and Production is the basis of actual sales data provided by distributors. This results ...

Social change is defined as any socially significant alteration, transformation, or modification in the organization of social activities that are behavioral patterns, cultural patterns and, norms. A significant alteration means any changes that would lead to profound social consequences (Gladwell, 32) Significant social changes include the abolition of slavery, the feminist movement and, the industrial revolution.
Social change bears four main characteristics including; it happens everywhere the rate of change, however, varies in different places. For instance, the United States experiences faster change than third world countries due to their limited access to technology. Social change is often ...

Institiution:

Visual Representation of The Total RewardS Program

This analysis the initial part of the program model since it assists in making clear and elaborate the existing condition. This will lead to the identification of the best rewards system that I best suited for the organization. This comes as the initial stage so as to;
- Minimize incomplete information
- Assume compliance with the law
- Increase credibility with the management

Design

This stage follows the corporate’s objective, mission, vision and strategy. The HR’s philosophy uses this as the yard stick in the design of all ...

Burns, L. (2012). The Business of Healthcare Innovation. Cambridge: Cambridge University

Press.

This book provides an extensive analysis of regarding business trends in the manufacturing sector of the healthcare industry. The author provides an overview of the innovative efforts aimed at improving the healthcare delivery. The book considers the effect of innovation in biotechnology, medical devices, pharmaceuticals, platform technology, as well as information technology. Regarding each of the foregoing areas, the author looks at the sources and trends relating to scientific innovation, the regulatory measures employed in every sector and how the sectors carry out their function. Burns further evaluates ...

Media Ethics

The integration of the electronic media has affected our daily life globally. Tools applying in the electronic media offer a mechanism to communicate effectively without the limitations of geographical distances. Electronic media enables interactions between different cultures worldwide. Web based forums such as YouTube enable users to interact online and share information. It is crucial to maintaining professional boundaries in the environment of electronic communication. The limitation of an effective framework in this environment is due to lack of clear and defined interaction as well as the rules of engagement. It is possible for people to violate professional Code of ...

Introduction

The name of economics is not new for a country because, it is something very important from their own viewpoint in particular. Economics is not a new subject; it starts with the birth of a child and in the world it starts with the commencement of the Universe. The main theme of Economics is all about to earn the money and its consumption, as well.
Alfred Marshal and Adam Smith are known as the key players in the market of economics who identified the most basic definitions of this particular term and then the numbers of authors have identified their analysis ...

As you are aware of, our company has been pursuing corporate-wide programs to sustain our growth, manage our operational efficiencies and strengthen our competitive position in each of the regional markets we are in globally. Part of this program is developing Global Shared Services where we can optimize our available resources and promote efficiencies in our operation.
Shared services refer to the service provision that is done by a part of a group or an organization, particularly in case where the similar services have been found in large part of the group or organization. Thus, the resourcing and funding of ...

The term “Patents” came into existence as a legal mechanism created for the protection of the ‘intellectual capital’. It aims to protect inventor’s ideas from getting into the hands of others without appropriate permission or compensation (Bell 2013). This idea of patenting came up as a result of the early recognition that many inventors do not have the means to produce, develop, or even implement their invention at the time it was conceived. There is, therefore, a need for some protection that would encourage the inventors to aggressively pursue their ideas without someone else stealing it and thereby sharing the glory. ...

Summary

The article considers the achievements of Jean Vilar and the popularity of his Théâtre National Populaire (T.N.P.) between the years 1951 to 1963. At the introductory part of the article the author considers the innovations that Vilar introduced in the T. N. P. And which subsequently influenced changes in other theatres in France. Fleury notes that in a bid to encourage the public to be loyal, Vilar used two approaches these approaches were: (i) reaching out to the public and, (ii) establishing mutual loyalty between the theatrical institution and the theatre goers.
Accordingly, Fleury goes ahead to explain the ...

According to Clayton Christensen, the difference between disruptive innovation and innovative efficiencies is that the disruptive innovation helps in the creation of jobs but utilizes capital, helps in sustaining the innovations, and helps in improving the efficiency of innovation. Contrary to it, the efficiency innovations are just like poison choices for the companies, and they are paving the way to the stagnant economies and are destroying the job creation process. The disruptive innovation is stronger due to the reason that it prevents the economy from stagnation and helps to improve the innovative capability of the company. Clayton Christensen has ...

Question 1

2000
The introduction of Google New York occurred in Starbucks located on the 86th Street and it had a sales team of one person. Up to date, more than 2,000 Googlers are employees in the New York Office. The engine has expanded to offer search in Chinese, Korean, and Japanese and it now contains more than 15 languages.

2001

The creation of Digital Camera occurred. The digital camera was introduced for the purpose of quality images. The invention was very successful since because of the installation in more than 1.6 billion, in camera phones.

2002

The Institute of Electrical and ...

The World War 1, which lasted a period of 4 years from July 1914 to November 1918, had a deep impact on the United States as a whole. The United States involvement on the war was vast, and it was the US that eventually ended the war. The World War 1 affected the US on many fronts. However, the greatest impact of the war was on civil liberties and democracy on the whole.
The United States involvement in the war meant that Woodrow Wilson's administration took some dramatic steps to ensure that support for the war was to its maximum. As ...

The constant rush of new products that manufacturers churn out every day has certainly changed the way the term 'innovation' is now understood. Yet, new products do not necessarily translate into the right kind of innovations, and this is what Clayton Christensen states in his lecture 'Disruptive Innovation'. (Cultural Research)
Clayton discusses the difference between disruptive innovative and efficiency innovations. According to him, disruptive innovations are products or services that take shape at the bottom of the market and then go on to beat the market leaders and shift the entire momentum of the industry. Disruptive innovations allow ...

Wolfs (2013), describes the scientific method as the process of creating a reliable and consistent representation of a theory or hypothesis by actively eliminating all personal prejudice and bias from the person researching the theory, using the observation-hypothesis-prediction-experiment model. It involves the observation and description of a phenomenon followed by formulation of a hypothesis to explain that phenomenon. By using this hypothesis, the scientist attempts to predict the existence of new phenomenon especially as pertains to new observations. Finally, other independent scientists perform further and deeper experiments on these predictions.
The scientific method was important in the technological advances realized during the ...

Revision and Extension of the Secondary Source Integration

- The University of North Carolina (2013) states that an analysis of a primary and secondary source is a valuable and rare tool that offers a more complex analysis of the source, in this case a movie, instead of merely describing, stating facts, and explaining the events that took place.
- Unfortunately, in my secondary source integration paper, I was unable to distinguish between analysis and summary.
- I went into too many details about the main character and narration of the plot and somehow missed the main goal of the paper, which was an analysis.
- Notably, establishing a proper ...

WINTER’S BONE (2010) -REALISM
Realism, as we know, is all about being truthful, and a realist will strive to preserve the point that their film is devoid of manipulations, and mirror the actual world. They try to engage amateurs to play the characters, use existing buildings or outdoor locations, and develop a theme based on everyday life. Historical movies are normally shot in black-and-white to elicit authenticity. The snippets of the World Wars, sets an example for these realists to corroborate such techniques into their movies, so that they too, breathe realism. Having said this, it does not surprise ...

INNOVATION AND TECNOLOY MANAEMENT

Innovation and Technology Management
Answer 1
Music affects our daily life in a substantial manner and it has been affecting it since time immemorial. The music has been emerged as an industry that involves billions of dollars. There are several beneficiaries to the music industry and it has been witnessing several changes in terms of technology, innovation and benefits. This paper intends to discuss the innovation in the music industry and further discusses several other related aspects of the subject matter (Schilling, 2008).
People love music, but collecting, storing and sharing the music was not always an ...

- In the case “Fraunhofer and MP3” case (Opening case, Chapter 9, Schiller, 2013), what industry conditions lead to the revolution in audio distribution described in the case? Which stakeholders stand to benefit most (or least) from this revolution?
The innovative culture of technology is one element that cannot be controlled when it comes to its manner of embracing the concept of progress. It could be realized that through the different advancements in technology, the manner of creating and distributing music has changed through time. Among such developments include the creation of several music files into particular formats ...

Introduction

The rapidly evolving world that we live in requires minds that can innovate and come up with creative solutions to the problems that we face. Businesses in particular are at a time where fast innovation is a key ingredient to survival and growth. The problems faced by modern societies also seek innovative solutions that are cost effective, life changing and efficient. Innovation is defined as the creation of a new product that is set to change the way individuals in business, schools, government and other social structures do things.

Innovation

For this project, I came up with an innovation that could potentially change ...

Management

The aim of this management paper is to recognize the various steps in the consulting process. In an article by Thomas Ausart, it has been discussed that operations consulting is focused on the operational aspect of projects where companies are guided about implementation of strategies and about how efficiency of business can be improved. The difference with traditional management consulting is that, in operational consulting, the consultants stay back to work alongside the business on the implementation process and to check the results.
In the operations consulting, process there are several steps which starts with proposal development for ...

Like any other projects, the introduction of a change in business systems and its implementation in an organization is not always 100% successful. This is true even if careful and in-depth study on its implementation has been conducted. Sometimes, even the conduct of mock-up implementation or initial implementations or the complete support of the management is not a guarantee that the implementation will be successful.
Two of the major risks in system implementation concerned with issues regarding institutional fit and implementation challenges. Institutional fit concerns with the question if the system to be implemented is really applicable for the needs ...

(1) Identify eight to ten of these useful inventions or contributions.
The paper was identified to have been invented in 105 A.D.and revealed to have been credited to a certain Ts'ai-Lun, as the inventor. Although, historical documents alleged that the paper was discovered earlier, the attribute to Ts'ai-Lun was rationalized from his ability to show his invention to the Chinese emperor at the disclosed time frame .
The compass is another useful invention since it was attested to be crucial in navigating purposes in 1100 A.D. . It is useful, especially during the ancient times when no other instrument was ...

Coalition involves the temporary partnership or alliances formed in order to enable people achieve their similar or share goals and objectives. The parties with similar values come together in order to achieve various goals and objective jointly. The aspects of coalition building are brought out well where the three political parties come together in order to form a coalition with the aim of campaigning for elections jointly as well as serving the interests of the people jointly. The issue where this coalition is formed is the political influence and forces. The similar political issues and goals of the political parties ...

Video Analysis Essay:

Summary of the video and key lessons learnt in relation to management concepts
The video is an interview about an organization/franchise known as Camp Bow Wow (CBW). It focuses on management; hence, the interviewees are managers from the company. The theme of the interview in the video is ‘Innovative management for a changing world’. From the video, it can be posited that the company in focus (Camp Bow Wow) takes care of dogs at a fee.
The staffs being interviewed have a wealth of experience in what they do and especially management functions and roles. Moreover, the staffs are from ...

Effective advertisement refers to those advertisements that are able to send the message across to its target audience. This effectiveness, when applied to advertisements intended to increase awareness, is translated to action or audience participation. In advertisements of products and services, effectiveness is measured through increase in sales.

Exercise 12.1

- Terrorism is a violent act of creating fear among humans.

Merriam Webster Online Dictionary definition:

The use of violent acts to frighten the people in an area as a way of trying to achieve a political goal

Difference: Almost similar in definition, except for the idea of politics indicated in the dictionary definition

- App is a shortened term for application which means a computer program used for a certain purpose.

Merriam Webster Online Dictionary definition:

A shortened form of the word ...

Introduction

Accounting and finance are two different fields from each other as both of these things require having quantitative data to analyze the things in an effective and well organized manner. Organizations are made to increase the financial belongings with the help of effective accumulation and articulation of data with its utilization at different places and sections in particular. The main perspective of this assignment is to analyze the effectiveness of quantitative data to manage an organization with effectiveness. It is advised to select an organization and the organization which has been selected for the same analysis is General Motors. ...

Interoffice memorandum

As you are aware of, our company has been pursuing corporate-wide programs to sustain our growth, manage our operational efficiencies and strengthen our competitive position in each of the regional markets we are in globally. Part of this program is developing Global Shared Services where we can optimize on our available resources and promote efficiencies in our operation.
In behalf of the global team, I am happy to inform you that the Shared Services system is now complete. It is fully operational and can serve our improvement requirements in the areas of Accounting, Distribution and Customer Services. You ...

One evening when it was raining heavily, people gathered to hide from rain near a church in London. There were few gentlemen who were talking with each other. Among these people were the poor girl named Liza. Liza was a girl selling flowers and she was a good looking girl with dirty clothes and very odd accent. In the due time there came a man named Colonel Pickering, Liza went to him and asked him if he buys some flowers. Pickering refused buying, but he gave him some money. Along with Pickering was his friend Henry Higgins. He was a professor and knew many ...

Introduction

There are a number of social revolutions that have ever been instigated by technological changes in life. This began back in the early days when technology was applied to change certain human life style .these led to four major social revolutions as discussed below.

Animal Domestication and Plant Cultivation Societies

The first social revolution was the abolition of hunting and gathering because of domestication of animals and plant cultivation. The domestication of animals and crop cultivation made supply of food is predictable which led to great growth in population. Population growth was supportive for division of labor as the excess labor supply was used in other ...

Innovation can be described in two categories: incremental and disruptive. With regards to a product, the next product release or the next version of a current software is known as an incremental innovation. But the innovation through which a significant change is brought into the marketplace is known as the disruptive innovation; this is when the competitors are forced to realign their strategies and they feel threatened suddenly (Schmidt & Druehl, 2008). The integration of the smartphone technology into the retail industry is a form of disruptive innovation. In general, the disruptive ideas are those upon which everyone would chuckle nervously but when anybody ...

The purpose of this form is to evaluate the effectiveness of the teacher in sixth grade class, the effectiveness of the teaching methodology adopted and the response of the students to the same. The evaluation of the body on four aspects – learning environment, motivational techniques, and performance of the teacher and response of the students seems very appropriate because it covers the fundamentals of teaching. This form, which has been filled by an observer, shows that the students in the class are ready to work in groups, give active response in class and also take notes, which shows that ...

Article Summary

In comparison with other sectors, the healthcare sector is underdeveloped in the information system structure. The steps to raise its level are supposed to be implemented for the expected results to be attained. The set structure, if implemented, would be of great importance in reducing health care costs. Streamlining workflows, processes and the pathway for improved attention to this sector will lead to the improvement of the sector (Savage & Chilingerian, 2005). Introduction of management processes that are oriented to healthcare in hospitals helps in giving guidelines on how to be efficient in this sector. According to the article, the ...

‘Surname’

‘Subject’
Capitalism vs. Socialism
Capitalism and socialism are the two most widely used economic systems in the world. Capitalism is based on private ownership and enables individual accumulation of wealth, while Socialism is based on collective ownership and wealth distribution. Even though socialism offer some benefits such as, less disparity between the rich and the deprived, and wealth and progress of a nation is shared among the citizens, on comparing both the ideologies capitalism emerges as the most preferable way of governance.
Winston Churchill once famous said, “The inherent virtue of socialism is the equal sharing of ...

Benefits and Costs of Competitive Market Structures

Competitive market structures, such as perfect competition and monopolistic competition, have the benefit that efficiency is high. Sellers aim at providing high quality goods and outdoing one another to attract and retain consumers. This is beneficial to the consumers who enjoy high quality of goods. Furthermore, the prices of goods are affordable as sellers aim setting prices that will attract more clients. Consumers experience a higher purchasing power with the same level of income. Consumers enjoy a wide range of goods courtesy of the sellers’ efforts in branding. The high quality and wide variety of good at affordable prices improves the ...

Team based organizational structures involve the conglomeration of staff from various departments in an organization in order to achieve a common purpose. For a group to be formed there must be an initially well-defined objective that governs the process. Such a group should work towards a common goal. This common objective attaches the members of the group together. In the verge of achieving this common goal, group cohesion is a prerequisite. The management of a business organization should adopt expertise knowledge in selecting such groups in order to ensure their effectiveness and success in delivering their mandate.
Proper selection criteria should be applied in ...

The Georgia power company' management style was mainly the use of chain of command for most decisions with the vital ones being made. Business results and communication were communicated on a biased form. Each department operated and made decisions on its own. This management style was the best for business requirements at that time as. The business was relatively predictable and structured with a regulated rate of return, regional market protection, and 100 percent control of access to its own distribution facilities. A watershed development, however, occurred in the early 1990s. This demanded Plant Hammond to transform its leadership system to a ...

John Bessant and Joe Tidd developed the 4Ps model of innovation; this model is built on the hypothesis that there must be a positive change associated with the innovation in order to be successful (Reinartz & Dellaert et al., 2011). Innovative change can take place in four categories in an organization: product, process, position and paradigm innovation. Within the last two years, there have been several changes in the retail industry. It is a large industry that covers long chain of processes where the behavior of the shoppers have high influence. The most significant change has been brought by the mobile technology ...

Merits of Television use

Since the invention of the Television as one of the media source to spread information, it has set itself apart from other media with it distinct capability to offer the viewer’s sight, sound and motion. All these forms of characteristic features contribute to the development of emotional responses from the viewer while watching TV. This contributes to its spontaneous popularity after the invention. Apart from the fact that it was expensive during the early periods of creation, the fact is that information were spread much more easily for viewers. This is simply because people were able to recall ...