Essays on Business World

Business Ideas

Introduction There is not a person who can ignore the business world throughout life nowadays. This is why it is important for everyone to think over the influence of great variety of business ideas, while considering any decision-making. One should be aware of any innovations coming in order to get into the flow of spontaneous life choices, which accomplish us all the time. The issue of meeting various business ideas is a complex one because of the strong relation to the professional knowledge, achieved by a person during his life. This way, this paper is to determine the relation ...

Discussion Essay

Goleman, Daniel, Richard E. Boyatzis, and Annie McKee. Primal Leadership: Unleashing the Power of Emotional Intelligence. Boston, Massachusetts: Harvard Business Review Press, 2013. Print. The book reviews the importance on the emotional intelligence to managers and professionals for the success of any business. The data has a basis on two different outlooks, leadership in companies and the psychological aspects of managers. The data of the book came from interviewing more than 3,000 executives in various industries and reviewed their reports. The author’s research focuses on illustrating the necessity of emotional intelligence among leaders in the business world. ...

Qualities of a Successful Entrepreneur

An entrepreneur needs certain qualities to be a successful entrepreneur. It is due to the fact that without development of those qualities, he or she cannot be succeeded in the diversified business world. Table 1 identifies the qualities and their traits that should be part of an entrepreneur to be successful.

Table1: Characteristics and Traits of an Entrepreneur

Source: Singh & Gupta (2016)

The earlier described traits are interlinked to each other and hence can be summarized in the following manner.

Decision-making Ability: The entrepreneur can avail any business opportunity in case he or she has the ability to take quick decision. Entrepreneurial Ability: It is required by an entrepreneur to e energetic and optimistic. Profit-orientation and ability to take responsibilities enable entrepreneurs to manage ...

My fascination with the intricate puzzles of global finance, burgeoning in the international business world today, truly sparked and unfolded when I traveled to England. This opportunity afforded me pause to better understand how business principles, theories, and practice come together in all sorts of ways. Nowadays the issues of politics, business, and economics are being intently discussed, and are ubiquitous as ever in the world today. Oddly enough, I would love to more deeply be a part of the business mechanisms, both on the worldwide level and in terms of ethical leadership development. As a senior currently pursuing ...

What is Organizational Development?

Within the business world today there are many terms for the many different processes that can be used by organizations in order to bring about organizational success. One such term is organizational development. Let us examine organizational development from two different definitions to include the standard and the new definition of the term.

Old Standard Definition of Organizational Development

The very natures of organizations today as well as the needs of the organizations are changing intensely. Organizational development must occur in order to meet these changing needs of the business. While there are several definitions to this term, the standard definition was created in 1969 ...

Engagement

Being one of the attendees to the Conference in Turkey, dubbed “Combating climate change, and the private sector” and hosted by the Turkey Industry and Business Association (TUSIAD). The topic for the conference is as mentioned above, and it had an array of issues to address about the political as well as the economic climate of the country (Moss et al. 750). Therefore, the paper involves a combination of the issues relating to the engagement and the research-based inferences relating to the effects of the climate change in Turkey to both business and political temperatures within the nation. It ...

Introduction

High-tech entrepreneurship refers to a form of a business leadership characterized by technology-intensive business opportunities, high-potential for growth, managing rapid growth, and gathering useful resources such as cash and talent. Innovations influence high-tech business innovations that giving products and services exceptional values that stimulate high market demand. Moreover, world economies are known to compete under the concept of innovation in the global market (Zemlickeine 2011). The business world today has become diverse with every entrepreneur aiming at introducing a business idea or product capable of winning the competitive advantage in the dynamic business world.

The business idea

Coming up with a business ...

The Constantly Changing Business Environment

The business environment is constantly evolving, and managers are struggling to make decisions that have a lasting impact. World's leading business entities have been lagging behind in sectors where they once dominated. It is hard for the status quo to be maintained in the business community (Morrison 2011, p. 58). It is essential for the managers to adopt strategies that allow the institutions to evolve and cope with the challenges caused by the dynamic world. The survival of any entity depends on the strategies employed by the management to adapt to the unanticipated challenges. The primary focus of this ...

Sun Devil Story

Hailing from a Kuwait, I am the youngest child of a large family with five siblings. Being in a family which has been doing business for quite some time now, I have always wanted to pursue Business Administration to be suitably qualified to get into our family business. My desire to pursue my Business study is because of my observation of my family business, which has taught me that doing the same business for a long period of time leads to following certain repeated techniques thereby resulting in stagnation. I am sure that doing my business course would help ...

Management Organizational Theory and Behavior:

Question and Answer My dream job, like so many other people, I am sure, would be to work for Google. Although the assumption is that everyone at Google is a computer engineer, coder, or technical guru, that is simply not the case. The Business Strategy department at Google is designed to identify opportunities both in the United States and globally to continue to grow the company while maintaining their philosophy of creating a place where employees want to work even when they no longer have to (Business Strategy, n.p.). The organizational goal to create bridges across the “digital divides” ( ...

Final co-op report

Province Introduction The purpose of this report is to contemplate on the knowledge and skills that I have acquired during the co-op work term. During my co-op term work, I was an accountant trainee and the experience enabled me to apply the knowledge acquired in class, and also gave me an insight into the future of my career. In this report, I will include my strengths and weaknesses as was revealed by my experience in my co-op term work. Skills, weaknesses, and strengths will be listed as part of my self-evaluation. I will also conduct an evaluation of my ...

How does cultural intelligence differ in India and the United States?

Cognitive Skills and abilities: The paper “Social Skills Intervention for Students with Emotional/Behavioral Disorders: A Literature Review from the American Perspective” by Kaili Chen assesses the relationship between social skills and behavioral difficulties for students in special educational programs. The author contends that social skills are a necessary element in the learning environment due to the capabilities that they provide to learners in interacting and communicating in order to help determine their difficulties and to help them function more successfully. Difficulties with these faculties is often discovered to be a primary factor in the inability for an individual to ...

A standard method of exchanging financial data is crucial in the financial department of all institutions. In the past, the financial community was often frustrated by the lack of proper financial reporting formats. Most of the formats used were inflexible in sharing of data. Some of the formats used in the past include Microsoft Excel documents (MED), HTML, Adobe files, as well as text files. These formats had a little advantage of paper presentations. The inflexibility of these methods necessitated the adoption and use of XBRL in reporting financial statements. XBRL solved the dilemma that surrounded uniform exchange within ...

Literature Review

Literature review Theoretical Concepts of the Topic Definition of millennial Before digging into the details of the topic, first, it is essential to understand the idea of a millennial. According to the definition of Smola and Sutton (2002), people who born between 1979 and 1994 are considered as millennial generation. These are the people that are self absorbed and overly self-confident; hence, they are considered as “look at me generation”. Millennial are continued to enter at the workplace in a larger amount (Smola and Sutton, 2002). The generation has an immense ability to develop organizational performance and to build ...

Abstract

As the business world becomes more and more entrenched in globalization there are complementary challenges that define companies’ operations. One major challenge for the human resources departments in the current business environment is the employee turnover. Working with organizations from developing nations that provide non – core functions constitutes an advantage for organizations form developed regions, as they have the opportunity to save financial resources, while paying workers with lower financial demands. On the other hand, they face a major issue, which is the employee turnover. Employee turnover affects the general environment in an organization and large turnover rates can ...

The significant feature of modern business conduction is regarding information as an important and powerful ranking high resource. Comparing to the last decade, nowadays the revolution of information systems and improvement that it brought to the processes of management are evident to the business world. Implementation of high technology revolution achievements provides organizations with useful opportunities such as acceleration of key business processes, raising of gains and competitiveness maintaining. The major function of information systems within the corporate context can be described as the process of business data collecting in order to transform it to the useful information, its ...

Introduction

Some people may be confused when it comes to give the definition of whistleblowing, According to Weimer (2014), whistleblowing is the manifestation of an ethical concept implying spreading information of somebody, who is in danger or in a risky situation among some higher-ranked officials, so in case of being accused a person will be fined or sanctioned. The concern raised may be raised externally or internally in order to inform people about wrongdoings. There are many complaints, which can be viewed as whistleblowing. For such issues the protection by law has to be provided. These complaints are criminal offences ...

Zipcar is one of the most revolutionary business ideas that has come along in a long time. Zipcar, along with Uber, have been instrumental in leading the consumer’s choice to not pay for expensive parking and car transportation options in big cities, (Zipcar Case Study: An Overview, 2016). Zipcar’s target is the consumer who perhaps is not a long term resident in the city they are residing that does not want to invest in the responsibility of owning a car and all of the expenses that come with owning a car, (Zipcar Case Study: An Overview, 2016). ...

Importance of Entrepreneurial Activity to the UK Economy

Introduction Constantly growing and developing economic relations, both between countries and between participants within a country, are prerequisites for the creation of new forms of business. Entrepreneurship is an important, but not the only factor in economic and social development of many countries (Waschik, Fisher and Prentice, 2010). However, uncontrolled, no adjustable (wild) business (without the supervision of the state) is just as harmful as the administrative-command system. Entrepreneurship is essential for the development of a competitive environment, in order the final consumer of products has the right to choose, but does not content with goods offered to him/her ...

BUSINESS ETHICS IN THE 21ST CENTURY.

BUSINESS ETHICS IN THE 21ST CENTURY.

Introduction

Recently, business ethics has become the prior task for the organizations, as in the business realities of the 21st century, ethics is neither an option for business development nor luxury. At the same time, there is a common social trend – increasing rates of impatience, which are represented by the irresponsible and selfish actions, leading to the crafty enrichment of some parties of the business process and impoverishing of others. There is a direct interrelation between the business ethics and social responsibility. For supporting this statement, it is essential to refer to the phrase ...

Essay

Introduction The headquarters of Wal-Mart are located in Bentonville, Arkansas. Sam Walton, the founder of the company, launched a variety store in Newport, Arkansas in 1945. His brother, James 'Bud' Walton, opened an identical store in Missouri in 1946. Until the 1960s the enterprise was focused wholly on variety stores (Brunn, 2006). The original Wal-Mart Discount City was launched in 1962, which became the original discount store of Wal-Mart. The original Sam's Clubs were then launched in 1984, which was followed by the opening of the original supercenter in 1988. The original neighborhood market was launched in 1999. In ...

What many business majors fail to realize is that Algebra is absolutely crucial to their progression throughout their professional degree program. The reason that algebra is so vital to their business career strategy is that Algebra is utilized in many ways in the business world depending on which sector that you decide to work in for the long term. Where the knowledge of Algebra comes in is when you are tasked with the objective of solving equations in everyday problems that utilize Algebra. When we look Algebra in high school, we learned a great deal about how Algebra could ...

Many students regardless if they are studying an MBA or an undergraduate degree in business are quite surprised to see a geography course indicated as required on their transcript. There are many theories as to why this has transpired in the corporate landscape; however, it has become increasingly common for those who are enrolled in a business school to take geography classes in order to apply that knowledge to foreign prospective markets or even domestic markets in many respects. That being said, the perpetual force that is driving this globalization train in academia is surely the fact that globalization ...

The nature of the course, teaching approaches, and materials are the essential things in achieving a successful business life. Education is a groundwork that works with the evidence-based programs that focus on training individuals on business innovation (Summit Consulting, LLC). The implementation of reliable public policies promotes and supports the economic growth. However, inadequate information on business innovation and inadequate preparation to have the effective utilization of the resources can delay the economic growth. As such, business education and training are the best ways to enhance the skills and knowledge of the individuals on the appropriate business ideas (Dinya). ...

The nature of the course, teaching approaches, and materials are the essential things in the implementation of activities for a business life. Education is a groundwork with evidence-based programs that focus on many training on business innovation. The effective public policies help to promote and support the economic growth. However, the lack of information about business innovation and the lack of preparation or knowledge necessary in order to have the effective utilization of the sources can delay the economic growth. Similarly, business education and training are the best way to enhance the skills and knowledge of the individuals for ...

Marketing has been my childhood dream career, and I am now ready and prepared to undertake duties and responsibilities of a professional service marketer. My future roles in the service-marketing career will involve establishing effective and efficient marketing strategies that improve the organization's competitiveness. In the contemporary business world, things keep changing because of advancements in technologies and daily innovations happening worldwide. People are likely to rely more on technology for communication and other business transactions in the future that they do today. Hence, I will utilize skills, and knowledge gained both in class and through practice to develop ...

Introduction

Management acts as an intellectual asset that allows organizations to overcome different barriers to success and achieves a competitive advantage. Organizational managers need to understand different factors influencing business success in the contemporary business environment. Factors like globalization, advancements in technology and continuous innovations bring new changes in business management every day that are essential to achieving a competitive advantage in the competitive world. Traditional business management methods have no room in the modern business environment. On the other hand, business ethics play a pivotal role in the success of an organization in the contemporary business world. An increase ...

Introduction

In the contemporary business world, the work environment is constantly changing, so as the structure that defines the jobs, employees, and employment practices. The rise of globalization has allowed the employees to choose and have a voice in their place of work, and hence forcing the companies to rethink about the future contemporary and future means of acquiring, planning, and using physical space. Therefore, in order for a company to change and enhance the workplace performance, it is important to consider the most interesting issues that affect the contemporary and future work environment. The two most interesting issues in ...

Question One

A legitimate stakeholder means an individual or a group of people who have significant influence over the achievement of a company .The funders hold the most important objectives of a specified company. They bear the risk of the company since they invest their capital hence have something to gain or lose depending on the firm’s activities (Weiss, 2014 ). Therefore, the fact that the primary task of managers and executives of a company remains to make stakeholder’s interest’s and rights, a priority is entirely plausible in my opinion. In the past, firms were owned by individuals who ...

Cross-Cultural Management

Cross-cultural management is the field of study that has to drown interest to researchers, and its basis is on the theories and research from disciplines like cross-cultural psychology, international business, human resource, organizational behavior and management. The goal of this field is to seek and find an understanding of how the national cultures affect management practices in the modern business world. The other goal could be to identify the similarities and differences across cultures in various management practices and organizational contexts. The primary objective of cross-cultural management is that it seeks to increase the effectiveness and efficiency of global ...

Business intelligence (BI) is a process driven by technology for evaluating information and presenting the findings to aid managers, practitioners and other users in making business decisions. In other words, it is the procedure of collecting data, analyzing it and presenting a report to enable business executives to make crucial business decisions. Business intelligence consists of various instruments and methodologies that help a company to assemble data from both internal and external sources analyze it and eventually use it to plan the future of the organization. Business professionals unaware of this important concept need to comprehend its applications and ...

Defining Concept of Design Thinking

Introduction The business world is very competitive such that it requires great minds, innovators, go-getters and great achievers who can tap into any given opportunity and make good use of it for success purposes. Success in today's competitive and technologically advanced world requires skills that are up to the task of handling the dynamic trends in the business market. These skills are numerous and vary in different firms and amongst these skills is design thinking (O’Kane, 2014). The business market requires vigilance in taking actions in an event of dissatisfaction and taking a course of action that is ...

Introduction

Capitalism is a social system, both economic and political, where a country’s trade is owned and controlled by private organizations or individuals for profits while rationalization is a belief that actions should be based on knowledge and reasoning rather than traditions, emotions or other beliefs. According to Weber, capitalism is defined as a common orientation in the shape of various mercantile operations in an effort to achieve maximum profit through economic exchange. It exists in many nations such as Babylon, China, Ancient Egypt, Mediaeval Europe, and India. Capitalism can either be regular or rationalized. Rationalized Capitalism comprises of ...

Brown University

Re: Summer School Application for Business Program It is with great pleasure and honor that I submit my application for business program in micro and macroeconomics and international business at the Brown University. I am purposely interested in this program because I believe that it will come in handy in terms of equipping with business skills necessary to face the modern-day world where emphasis is on practical skills. I have an enthusiasm in physics and while the two subjects may seem unrelated, I believe that there is a vital link between the two. Physics entails experimentation and understanding our ...

Individual Strategic Analysis

Q1/ Answer 1 - Porter’s Five Forces Analysis The Japanese Anime Industry is one of the fastest growing animated industries in the world and thus, become the valuable contributor in the export of the company (Niracharapa 2257). However, it is being assumed that beyond the growth, the competition is the major concern for the companies in the industry; therefore, the industry analysis approach of Michael Porter is significant and going to use to determine the impacts and pressures of competition from different factors and sources in the market. The five major forces based on the porter’s five ...

Question 1: Tell me about yourself?

Growing up in Saudi Arabia, I grew up in a very cultured and protected society. Within my country, we have one of the most culturally well preserved states that have wonderful culture and historic sites. What makes my country so special as well is that we have one of the most holy sites in Islam that is very closed to the public. In Saudi Arabia, there is a very tight knit community that has greatly shaped me as a person and has also shaped the education that I have received. Throughout my childhood, I had many close friends and ...

Our contemporary business world urges people to shift from the individual completion of separate tasks and start collaborating with each other to succeed in meeting the far-reaching objectives of the company. People with different characters and moral values are put into the same workplace environment. They might sometimes be torn by the desire to boast in front of others with their personal achievements and, as a result, the outcome of the joint project or even the future of a company can be endangered. To avoid similar pitfalls, team members should be effectively managed by a team leader, who is ...

Business Internship Report

Business Internship Report

I come about the Bank of China internship opportunity through the company website. It offers a three months and six months internship in various departments at least two times a year. The application for the internship was online, giving my details and credentials to the career application form on the website. The response for the internship was three days later. I received, and email confirmation that my application was received, and they would like to do an interview the following week on Monday from 9.30 am. Five members of staff did the interview. I introduced myself, ...

Module number

1207 words

Abstract

This paper looks into how smartphones have changed our lives in various ways. The paper discusses why I selected to research on smartphones. It also gives a brief history into smartphones’ evolution. The paper also discusses how smartphones have changed the lives of corporate people and diabetic patients. The force we grasp is amazing. Minor gadgets numerous being more intense than normal desktop PC's. Cell phones keep on showing improvement as time advances. Cell phones have assumed control and are gradually prompting elimination of different gadgets, for example, portable workstations and even tablet PCs. They offer such ...

Introduction

Management science and organizational behavior are important features in a productive business enterprise. As a part of a team several times in my life, experiences had taught me to place a great deal of emphasis on control either I have been the person in control as exemplified in the playground photo or the person controlled through the administration for the educational system in the form of education. . The third photo is the ultimate control involving money and wealth which people seek in order to facilitate life’s necessities and enjoyments. Financial rewards are very often the controlling factor in ...

Business Leadership

Introduction The world environment is ever changing and so is all the other aspects touching the organization. Leadership is one of the organizational aspects that keep on changing to match the changes in the business environment. The tactics used by the 20th-century leaders differ significantly with those used in the 21st century. Besides, the challenges facing leadership also change with the changes in the business environment implying that the challenges of the past are different from those in the current. As a result, this paper focuses on comparing and contrasting the 20th and 21st leader roles as well as ...

Abstract

The One-Minute Manager, when it was released, presented the world with a hypothetical blueprint for engaging employees appropriately and effectively. Not all effective managers have to behave in the way that the hypothetical effective manager from the text does; however, the authors do note that most effective managers display many of these key features in their day-to-day experience with their employees. There have been scores of texts written about what makes an effective manager, and not all these texts agree; however, this particular book has been wildly successful since it was written; it closely examines the features of a ...

Data Mining has created a great deal of controversy in the business world due to the fact that it violates many principles of privacy. Where we run into issues with protecting privacy is a result of the strict confidentiality laws that exist in the United States. Consumers ideally do not want companies having access to information about their purchasing patterns. Essentially, customers do not want the hassle of receiving more advertisements than they already do. Data Mining has been seen as the enemy to the consumer because in the modern age that we live in, there is not a ...

Introduction 3

Methods of accessing digital data 3 Digital Marketing Analytics 4 Social Media Marketing 5 Search Engine Optimization (SEO) 6 3D Printing 7 Customer relations 8 Customer Loyalty 8 Customer Acquisition 9 Customer retention 10 Conclusion 12

References 13

Digital Marketing Introduction Digital marketing is a method which corporates, individuals or even governments and other agencies can use in order to get various product information to reach the customer. It improves the number of individuals and widens the market scope. Digital marketing happens mostly on an online platform where the customer is able to give prompt feedback to the marketer, whether voluntarily ...

For the last several decades, technological progress has had the great impact on the world around. Innovations that seemed to be a scientific fantasy just half a century ago now become part of everybody’s life. The results of technological progress completely change not only the humans’ way of life, but also manufacturing and business processes. One of such modern inventions is 3D printer. The 3D printing, or additive manufacturing, relates to various processes used for creation a three-dimensional object. It is based on the principle of “cutting” the virtual 3D object in a few 2D slices and then ...

Abstract

Despite the fact that many organizations have embraced the new management strategies in reflexivity, there are still countless issues in the same regard. It is also vital to remember that for an entity to remain competitive in the market, it must formulate workable management strategies. In this survey, it is demonstrated that it is the sole responsibility of the reflexive managers to make sure that there is a flow of communication pattern in the company. The models include the research the organization undertakes to understand the ethnography behind the rationale of self-reflexivity. The structures of the society still control ...

Introduction

Definition of ethical issues Back ground information on “Volkswagen emission scandal” Issue of violation notice Accusations against the company Discussion How the problems were addressed by the company leaders Company denial of manipulation of tests Company official’s admission of tests manipulation Recall of vehicles Announcement of new diesel strategy Halt of company sales on the affected vehicles Compensation of VW and Audi owners in the US Implications of the company decisions Loss of trust and confidence Sales reduction Inconvenience and mistrust How I would have addressed the issue as an employee of the company Report the matter My ...

1. Introduction Oman Oil Company (OCC) is one of the biggest commercial organizations of Oman, undertaken by the Government of the country. The company was set up in 1966, headquartered in Muscat, Oman (Oman-oil.com, 2016). Pursuing the investment opportunities in oil and gas and other energy sectors, Oman Oil Company has become one of the leading companies of Sultanate of Oman. Identifying the investment opportunities both inside and outside the country, the company has developed an impressive HRM to manage the organizational operations affirmatively. The HRM of the organization supports the employees to deliver their best performance for organizational ...

In the next 5-10 years there is a major issue that has developing that will be facing the business world. This issue that is going to be a major problem for both businesses and government is surely going to be money laundering. In order to understand how money laundering is a threat to both governments and economies it is first necessary to understand what money laundering is itself. Once the definition is understood only then can we apply that definition to the business world through analyzing how this white collar crime effects commerce, government involvement in the business world, ...

The legal principles of the United States were originally derived from the English and French legal systems, (Federal Judicial Center). Before that, those European systems were derived from Roman Law, (Federal Judicial Center). However, the system that we see in place in the United States today is derived from the United States Constitution, (Federal Judicial Center). The courts that comprise the federal and state systems are outlined in the Constitution. The Constitution essentially lays out the framework and limitations that the courts of the land can take. It is up to the Congress and the individual states to exercise ...

Ethics is the accepted code of conduct (principles of wrong or right) that control the behavior of an individual, an organization or group of a profession. It is always considered to be a factor of variation in politics, economic growth, culture and legal systems. Particular practices might be unethical when viewed by other countries' standards. Most common ethical issues are related to human rights, labor standards, and financial standards, accounting standards, environmental regulations, moral obligations, and corruption. The international business setting, through its economic and cultural diversity, time and again exposes foreign executives to significant challenges. On a short ...