Essays on Business Practice

Leading & Managing Organisational Change: A Reflection

I. Value of Subject Experience on Capacity to Lead & Manage The current business practice involves numerous complexities in organizational development and change areas. If anything, evolving practices, a more dynamic workforce and, of course, ever changing ICT implementations which enable collaboration and communication – all contribute and inform how organizational development and change are understood, adopted, maintained and sustained. Accordingly, proper knowledge of and practical experience in optimum organizational development and change strategies, policies and practices are most critical not only to survive in current business practice but also to sustain a healthy, if not innovative, organizational makeup. For current ...

A & F Ltd.: Integrating Learning into Mashup Implementations

I. Introduction Organizations are learning differently. Compared to a conventional model by which individuals, work groups and whole organizations used to learn new business processes, current business practice has opened up new potentials for company-wide learning enabled by ICT platforms and applications. The growing collaboration, communication and sharing learning (and fun) experiences in current business practice is, indeed, both evolutionary and revolutionary. The learning behavior of operating businesses is evolutionary by phasing out older modes of learning (e.g. formal professional development, meetings and water cooler chats) and implementing similar platforms and applications (e.g. interactive, collaborative, user-friendly wikis). Thus, by ...

Question 1

What makes a business a sustainable one? Discuss the theory and practices associated with sustainability using examples from your own learning during the module. Sustainable business refers to a business model that has low negative impacts to the environment, society and to the economy at large. A sustainable business is the one that has the ability to meet the triple bottom line (TBL). TBL is an accounting framework that encompasses the social, environmental and financial responsibilities. This termination was coined by John Elkington in his 1994 publications on the triple bottom line. He reflected on the drivers that had ...

Introduction

Mining activities can pose serious environmental and health implications. Although, these environmental and health hazards can be mitigated and effectively managed through sound engineering and environmental practices, these environmental and health issues associated with mining operations could not be totally eradicated. In general, there are three major players in the mining industry: the company, which include the employees and the stockholders; the regulatory bodies, which include the government and other national and international environmental organizations; and the community, which are not directly related to the mining industry, but is impacted by its operations. Each one of these stakeholders has ...

Abstract

Introduction For any business organization, customers are by all means the most respected people hence businesses are always presented with a hard task of ensuring customer satisfaction. Pointedly, even with much research having been carried out on the topic of customer satisfaction, an accordant definition of the phrase “customer satisfaction, still has incessantly evaded the researchers; researchers are still yet to agree on the exact definition of customer satisfaction. Ideally, customer satisfaction implies the contentment of a customer after receiving a service or a product. Quality, therefore, emerges as the main facet in light of customer satisfaction hence the need to define ...

Acknowledgement

Executive Summary The relationship between ownership structure and firm performance has gained substantial attention of in the finance literature. The present study investigates the ownership structure of firms as a corporate mechanism and its impact on firm’s performance. An empirical analysis of the firms listed on NYSE and NASDAQ belonging to different sectors has been conducted to investigate the relationship between ownership structure and firms performance. The objective of the research is to identify how the corporate governance and corporate identity influence firm’s performance on the basis of three research questions provided in the following.

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Ethics is the principle of conduct governing an individual or group. It is also a study of morality. Ethics is the discipline that examines the moral standards of a person or the moral standards of the community. Ethics asks whether those standards are applied to our life and whether they are reasonable or unreasonable. Business ethics is the specialized study of moral right or wrong that focuses on business institutions, activities and organizations. Business ethics is the study of moral standards and how they apply to social systems and organization through which modern societies are supplied with goods and services. Business ...

Julie ThérondManagerial Decision MakingSebastian Krook17 October 2014

How can Ethical Decision Making be Achieved

Ethical decisions play very significant role in success of any business. Managers who make ethical decisions may not appear making huge financial gains instantly but these decisions ensure long-standing success of companies. Managers make a positive image and reputation of a company through taking ethical decisions. Managers ensure a huge and loyal customer base by taking ethical standards which ultimately garners monetary gains. Such gains sustain for a long time and managers, through skills of taking ethical decisions, benefit their organizations in several ways.Ethical decision making impacts all stakeholders directly or indirectly involve with the ...

Abstract

Ethics is an integral part of virtually every organization that is serious in the implementation of its business practice. Therefore, it is imperative that every organization to have an ethical policy or in other terms, a business code of conduct for the company in question. Ethics has attained absolute relevance in companies. This is due to its enormous contribution in creating codes of conduct that streamline business practice in every organization. Indeed, ethics spans major areas of operation which include: procurement, supply chains, acquisitions and contracting. Procurement is that term which denotes responsibility of the organization in sourcing for ...

As a member of the entrepreneurship club, I would personally disassociate with all the three business proposals presented by other members. I would not agree with any of the three business proposals advanced by members. My decision would be informed by my understanding of ethical theory and business practice. Ethics in business can be viewed as the code of morality that guide businesses (August, Mayer, & Bixby, 2012). At this juncture, it is important to note that morality is relative. What is right or wrong to you might not be the same to another person. Different societies have different standards of ...

Abstract

The term business can be used to refer to an activity that done that is profitable and viable. Business involves trading between two or more parties where an agreed price is determined. Trading can take the form of two countries that exchange goods and services through a given system. Singapore has emerged as a business hub due to various factors that facilitate proper business practice between the country and other nations. Trading is an inevitable activity in the community we live nowadays as it facilitates movement of goods and products from one area to another. Business on the global scale has ...

The article talks about a meeting among executives of chemical company in China. The Almond Chemical Company was able to do business in China by having a 51% stake in Chongqing Chemical Company. The company being a foreign one, had established its business in China, and implemented its practices based on the European standards. However, this has not been easily accepted by most of the executive in Chongqing Chemicals. The executives were in the view that most of the standards applied in China were somehow wasteful and expensive. Additionally, based on the European standards, operations were much more difficult. Since the Almond ...

One of the fundamental concepts for high performance service in the hospitality industry is the practice of continuous improvement (King and Cichy, 2006, p. 41). Continuous improvement is a concept first applied to business by Dr. W. Edwards Deming, who was aiding in rebuilding the Japanese business structure after its defeat in World War II (Bhuiyan and Baghel, 2005). Continuous improvement, also known by the Japanese word kaizen, is a business adaption of an attitude commonly found in Japanese culture, which seeks to make sure everything runs as smoothly as possible. Continuous improvement as a business philosophy describes an approach where all ...

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Abstract This paper presentsan opportunity to take a penetrating look into a Global Business Cultural Analysis of the nation of Japan. In writing this paper, four research areas and issues were examined: The major elements and dimensions of culture in Japan: how these elements and dimensions are integrated by locals conducting business in the nation of Japan, a comparison of culture and business of Japan and the United States, and finally implications for US businesses that wish to conduct business in Japan.

Introduction

Globalization rest at the foundation of modern culture; cultural practices reside at the core of globalization, so what ...

Introduction: ABB

This paper will present the case of a Global Multinational Enterprise (MNE) that operates in more than 180 countries, is building sustainability into its business strategies. This company’s sustainability strategies go beyond social investment programs and instead go in deeper into the company’s business processes and overall strategy. The company of choice is ABB, a MNE that was founded in Zurich but enjoys the luxury of being localized in each geographic region it operates in. ABB is one of the largest engineering companies in the world. In 2012, ABB reported gross revenue of US$ 40 billion. It has achieved ...

Introduction

Economic irregularities have led organizations to rethink their strategy regarding mega-mergers. The question that each international business organization is asking itself is whether to merge or not to merge. Mega mergers are losing its spark and constantly fading as the time is passing by. For over half a decade mega-mergers have become rare due to which organizations are forced to rethink their strategy and tactics regarding mergers. As the success of international business organizations depends highly on this particular strategy, organizations now have to chose their own path i.e. whether to bear the burden of negotiations and integration or to ...

Every business must consider the health and well-being of its customers. A big and successful multinational company like Disneyland is no exception. Having recently come under fire for refusing Ms. Tina Baughman, who is suffering from muscular dystrophy, to use a Segway instead of a wheelchair or motorized scooter at their California theme park, Disney is asked to reconsider what it means to look out for the health and welfare of all of its customers (Cohen). Whether the business is a theme park like Disneyland or a formal one like a doctor’s office, Americans With Disabilities Act of 1990 (ADA) states that ...

Disney’s Responsibility to Its Customers

Every business must consider the health and well being of its customers, and Disneyland is no exception. Having recently come under fire for refusing muscular dystrophy customer Tina Baughman to use a Segway instead of a wheelchair or motorized scooter at their California theme park, Disney must reconsider what it means to look out for the health and welfare of all of its customers (Cohen). There are several reasons why a business such as Disneyland must consider these factors. Considering the health and welfare of customers, including those with disabilities, is good business practice making the establishment more attractive to a wider variety ...

Developing an effective top team

Gone are the days of the superhuman Chief Executive Officer (CEO). Contrary to the contemporary business practice, some decades ago the Chief Executive Officer was the single most important determining factor of the success or otherwise of the organization (Zizhi et al 2012). He was the chef decision maker and the authority that oversaw implementation of such decisions. He oversaw all the operations and activities taking place in the organization. In a nutshell, the chief executive officer was the final authority within the organization. At that time, the CEO was seen as being high above the laws and regulations of ...

The concept of consumer protection can to be summarized as all efforts in developing structures and legal responses to outrage and crises developed by consumption of substandard products. Americans have in the past been subjected to consuming products that are a dangerous to the health. Once the dangerous nature of such products is known to the public, public outrage is usually the first response and such outrage is usually directed at any form of government, either federal or state. To this end, several government agencies and bureaucracies have been developed to address protection of consumers. These agencies have either federal ...

Conflicts of interest encountered while practicing competitive intelligence

Competitive Intelligence has come to occupy an important space in the modern business and industrial landscape. The need to identify threats and opportunities and be prepared to tackle them when they arise has necessitated gathering of competitive intelligence. However, the process of gathering competitive intelligence also involves taking ethical decisions. Gathering of data for competitive intelligence and analysis is fraught with ethical challenges, wherein one needs to be sensitive to the ways and means of gathering competitor data and whether these are in consonance with principles of ethical business practice. For example, Business Ethics Magazine reported an ...

Introduction

Management has been termed by scholars to be kind of management whose paradigms are in continual transition. The environment in which business management operates is faced by new challenges as the world adopts new methods of doing business. Economic and technological changes have significantly altered the business patterns and practice around the globe today Globalization has introduced new technology and procedures such as outsourcing and social marketing to meet new business requirements. Additionally, human based marketing practices have been replaced by the internet to reach as many people as possible. Hence, adapting to this new environment is vital and ...

Ethics and business finance

1. How does ethics factor into thinking about finance as a method? What key questions do managers need to ask as they perform a financial analysis of a project? Finance is one of the most important methods of any business practice and ethics is a crucial element of all this. The recent situations regarding capital greed and financial impropriety have all shown us that no holds barred capitalism without any sort of ethical considerations is extremely damaging to society as a whole. This means that when conducting financial transactions, ethics needs to be at the forefront of any sort of decision making. The ...

Q1. Sheikh Mohammed has been able to radically develop Dubai from a coastal town known for only pearl business into an economy dependent on real estate, tourism, oil, and free trade zones. The opportunity to leverage it has been through global a recession which calls for diversification of source of incomes. Intellectual property is also crucial in implementing diversification strategies in Dubai since it is in an Islamic region where laws can negatively affect investors. Hence, intellectual property can guarantee and safe guard investors assets. The steps that I can use to design the innovation process are: problem identification, research ...

1. The three types of illegal business behavior alleged against Bernie Madoff include fraud, money laundering and theft. The first, fraud, involves coercing investors to decide whether or not to invest by giving them information that does not correspond to the reality of their situation. Madoff did this by This is meant to provide a short term gain for the defrauder, but significant losses for investors – the person committing the fraud gets the investment money while providing no return on that investment back to the investors. This is an unethical business practice, due to the fact that it is an ...

Introduction International laws are designed to aid the maintenance of global order in various spheres. They standardize the methodologies as well as modalities of caring out activities in the international scene. The maintaining of order and standardization is aimed at ensuring that opportunities are distributed fairly among all without fear or favor. In addition to this the international laws are key instruments in the regulation process as it aids in formation of state policies since, the state policies must be in line with international laws in a bid to enhance efficiency and avoid policy conflicts. In the cooperate ...