Essays on Business - Page 3

I write to you with great privilege recommending Amy Wendel Spiczka. Amy is presently an Assistant Professor in Pathology and Laboratory medicine in the Mayo Clinic College of Medicine and also the Anatomic Pathology Manager at the Mayo Clinic in Scottsdale, Arizona. She graduated from the MSHS Cytotechnology program in 1997 and obtained further certifications in histotechnology and Cytotechnology. Positions held by her previously include; Education Supervisor, Division of Anatomic Pathology, Education Coordinator, Division of Anatomic Pathlogy both at the Mayo Clinic, Rochester. She was formerly Education Coordinator, Cytotechnology Program and Program Director, Histology Technician Program Clinical Experience at ...

Abstract

Kmart was one of the leading retailers in America for an extended period of time, however due to the inefficient planning with regards to its core forte of discount retailing and its complacency in relation to its competitors namely Target and Wall Mart led to Kmart’s downfall is a spectacular fashion.

We will evaluate Kmart’s strategy to compete in the retail market and how can they be a force to reckon with again in this cut throat environment of Retail Sector by channeling their resources effectively.

KMART – BACKGROUND & PROBLEM IDENTIFICATION

Kmart – Background & Problem identification

...

Overview of the performance

According to an article published on Market Watch Samsung Electronics reported that the net profit of the company rose by 5.2% which could be estimated to $1.8 Billion. The results were achieved by the successful sales of LCD panels. The sales of the company increased dramatically from 18.1 trillion won a year earlier to 21 trillion won comparatively. This rise which was observed in the share price of Samsung Electronics was 0.8% during the morning trade in Seoul (Kitchen, 2009)

The South Korean electronics giant Samsung Electronics announced an issues which the company was facing regarding the management shake ups. ...

The article “Are Writing Deficiencies Creating a Lost Generation of Business Writers?” by Zane Quible and Frances Griffin talks about deficiencies of writing skills among business writers in U.S. companies. The authors explore the reasons for American employees’ poor writing skills and discuss the benefits of the glossing, the modified context-based approach and consistent error marking in reducing writing deficiencies.

Although the problem is not new and students’ writing skills have neither improved nor deteriorated over the past 15-20 years according to the National Commission on Writing (NCW), the issue attracted attention of policy makers and researchers after the ...

This is an acronym for General Packet Radio Service which can be approach as a second generation of wireless networks. This version of wireless networks can be claimed to have cropped from the former GSM (global service for mobile communications). Researchers found that GSM is best suited for wireless voice transfer but was (GSM) very slow in transferring data (digital data) from one mobile device to the next (Christian, 1999).

Therefore, GPRS is a new bearer of data transfer between mobile GSM stations and external networks. The main advantages of GPRS over GSM include speed, capacity and flexibility since it ...

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 ...

1. CRM can be classified into the two types: operational CRM and analytical CRM. Briefly explain the two types and give an example for each type. Operational CRM lays emphasis on automating and enhancing the front end business processes. The intent is to constantly improvise the aspects of business that are directly linked with customers, whether direct facing, through data aggregation centers, or online answering and resolving their queries. Automating the marketing, advertising and other service oriented features is the key to successful operational CRM. Different parameters with respect to customers have to be defined for streamlining the ...

Introduction:

We would like to thank you for your time to come and view this presentation. We strongly believe that the range of products we are offering will be of interest to you and that you will once again renew your support to our magazines. We know that you have good offers coming from elsewhere and that you might feel that our medium does not have the necessary attractions and that you have competition coming from elsewhere but we are confident that you will keep advertising in our magazine which remains one of the best on the market in this ...

It is never too early or late to set goals for education. If you are involved in the business world, acquiring a Master of Business Administration degree, or MBA, is a great advantage that not only increases your job opportunities, but also your salary. Some people may believe that the costs and rigorous nature of an MBA program are prohibitive towards them getting this degree. However, after examining the evidence of the advantages of getting an MBA, it is easy to see why people completing MBA programs are happy they made the decision and effort to do so. It is ...

The publication focuses on the foreign policy of the U.S. with China and provides some of the key recommendations that if implemented could help in resolving the tension between China and the U.S. The key areas in question include economy and trade, democracy and human rights, military competition, and foreign policy.

The publication offers a suggestion the U.S. can adopt to put pressure on China to respect intellectual property rights without causing a trade war between the two countries. Through this recommendation, the U.S. can be able to take an ethical stand on areas affecting America’s economic and diplomatic ...

Article Summaries

Article Summaries:

Samsung became a leader in Smartphone market after receiving the title of world’s top smart phone maker. Samsung Smart phones are grown up by 44 percent in international markets and showing a promising growth in coming quarters. Smart phone market is mainly dominated by Apple and Samsung. In the current quarter, Samsung sales were £1.4 billion whereas apple managed only 17.1 billion. Apple suffered a loss of 16 percent in unit sold and is able to maintain only 16 percent market share. On the other hand Samsung was able to capture 23.8 percent Smartphone market share. Now everyone is ...

BUSINESS PROPOSAL

Eco-Friendly KC Printing and Accessories Inc. is a registered company at B. Yallahs, St.Thomas, Jamaica W.I. a building owned by Kerry-Ann Campbell. This company offers services from printing, cell phone Accessories and Repairs. The business is owned by several members each contributing a share qualifying to be a private company.

Product and services

Eco- friendly KC printing and accessories Inc. offers services ranging from printing, cell phone accessories and repairs. The company intends to offer quality products and services to its consumers by offering cell phone accessories for all models of phones and repairs for dead and malfunctioning phones. The company has a team of experts ready ...

Before a product is launched into the market, the manufacturer must have a well define and laid out pricing strategy for the product. A pricing structure is the framework which outlines the cost and the final end user price for a product. Pricing therefore is the process of the marketer using the four Ps of marketing. In this regard, price is the only P that generates income among the four. The process of structuring the price of a product in this case is to be done by considering: cost, price, channel margins and selling price. The following is a basic process followed by marketers ...

Chapter 4

- The firms are pursuing cost leadership strategy and in this strategy advertising is essential. It is considered fixed cost because it is showing the people or shifting their focuses on the products with similar qualities as their competitors’ products but at a lesser price. On the other hand, product-differentiation strategy is based on advertising the unique qualities of the products and their reasonable costs.

- The actions the firms can take to ensure that economies of scale exist are 1- they make sure that the volume of production reach the optimal level where the average cost per unit ...

Terry Zupita must decide whether she should invest in Universal Autos, which is an American firm that is partnering with the Chinese government to manufacture U.S. automobiles in China. If she makes the investment, it appears that Ms. Zupita’s money will grow substantially during the next few years. However, friends and relatives have told her that UA might use child labor in its Chinese plants, and that employees often are abused in such plants. Should Terry purchase UA? If she does, she could be supporting exploitation of children and mistreatment of employees.1. Is there an ethical problem? If ...

1 While much has been hypothesized regarding the true meaning of the term idea multiplication, it is essential to note that it refers to all the processes involved in the use of existing ideas to develop newer ideas that are more important. These processes do not occur in isolation, but calls for brainstorming of the existing ideas with the sole aim of restructuring the existing idea by adding or removing certain feature. Notably, idea multiplication is advantageous in a number of ways. Above all, it is often easier to devise new ideas from existing ideas. In addition, it suits well ...

Question 1:

Managed care has had a significant effect on the service delivery in the US. First of all, it has given the general population a chance to choose the kind of service they wish for and who they prefer to give the services to them. As such, the citizens have a chance to access the services of their choice. This is very important as it makes the people have both physical and psychological relief after getting teh services. This facilitates quick recovery. Managed care system has also helped in raising the standards of service care delivery. The different health personnel ...

1. Assume that you need a single room at an independent (non-branded) hotel such as the Roger Smith Hotel in New York for the first Friday and Saturday night of next month. You will be staying in New York to attend the wedding of a friend. Price the two-night room rates (including all taxes and fees) for your stay by searching the following travel seller’s Web sites: i. www.orbitz.com ii. www.expedia.com iii. www.rogersmith.com iv. www.priceline.com Which site offered the lowest rate for the two nights? Which offered the highest? Calculate the percentage difference between the lowest and highest price ...

Question 1

The starting point for Mr. Runyan was his dissatisfaction with the industry of dry cleaners in his home town. He identified key flaws in KC’s dry cleaners: dirty facilities, rude workers and use of chemicals, which created barriers for new entrants. Mr. Runyan discovered that if he focuses his strategy on the abovementioned factors, he will gain competitive advantage on the market. Afterwards, Mr. Runyan conducted his own research and found out that he could use liquid carbon dioxide in the cleaning process. This innovative technology would give him an opportunity to enter the market, as he will ...

Finance: Finance as a term can be defined as a science of managing money and other related assets. This management has to do with banking, investment and credit. This science of management also involves monetary resources, funds and especially funds in government or any corporate body.

Efficient Market: An efficient market is a market that is assumed to have all the pertinent and the necessary information which help the market participants to transact fairly. This information should be available to all the participants fairly at the same time and the prices in the market are expected to respond to this information. ...

Annotated Bibliography for Wal-Mart

Wal-Mart Stores, Inc. is both a multinational business enterprise operating as discount stores, supermarkets, and supercenters to provide a variety of merchandise that include apparel, housewares, electronic appliances, small appliances, and other parts of hardware. Numerous reports and studies have been conducted on the store. The following are some of the reports and research studies conducted on Wal-Mart Stores, Inc.

Bloom, P. N., & Perry, V. G. (2001). Retailer power and supplier welfare: the case of Wal-Mart. Journal of Retailing, 77(3), 379-396.

Bloom and Perry (2001) provide an understanding of the retailing business in ...

SWOT Analysis

For successful formulation and implementation of a company’s marketing strategies for its products, the analysis of both internal and external product and company environment is arguably crucial. In this case, it is imperative for the company to apply SWOT analysis tool. SWOT analysis primarily entails the analysis of the company or product’s strengths, weaknesses, opportunities and threats. Pahl and Richter (2009) identify SWOT analysis as a vital tool for effective decision making and in the understanding of the autonomies between an organization, or product, and its internal and external environment. Table 1, below, provides a summary of the product (Ruffle ...

- Introduction Jackson plumbing is a sole trader business that provides high quality plumbing services to newly construct residential and commercial buildings in the area at some of the most affordable rates. The business also offers high quality repair plumbing services to both commercial and residential buildings in the area. The location of the business, a low number of competitors and a growing metropolis makes the business a potentially highly profitable undertaking that is bound to experience impressive growth rate in ...

Introduction

The term public virtual world is used to describe computer-based simulated environments created to enable the user communicate with the interactive virtual environment via use of an avatar which is a representation of his form in the virtual world environment. Using the avatar the user can be able to manipulate objects in the virtual world as they are capable of perceptual stimuli, he can also be able to interact with the objects and also manipulate them to his desire. Virtual public networks also serve as global networks for communication because they posses the ability to allow multiple users regardless of ...

Japan was left with 3 million dead people and an empty treasury when the world II was over. The nation stood up and became a major player in the world economy within two to three decades. There are various factors that contributed in the flourishing of the Japanese economy. This paper intends to discuss Japanese economy with a historical perspective and other related aspects.

Japan learnt a lot from its past experiences. Japan was almost devastated in the World War II. The country was determined to regain its prosperity and the power. Japan focused on the industrialization in the post world ...

Question One

Private Prisons Private prisons were banned in the Mid-20th Century because they were views as the new form of slavery. During the progressive era, the last private prison was closed down. Commercialization of Prison system was demonized by religious groups and Human rights activists. The business revived again in the 20 the century. This was as a result of the increased incarceration efforts by the criminal justice system. In order to reduce the crime rate, the courts opted to adopt tough sentencing rules. Currently, the United States of America has incarcerated over two million inmates. The phenomenon creates a situation ...

Accounting Standard followed by the company:

i) General Mills Inc:

General Mills Inc, for the purpose of its financial reporting, follows Generally Accepted Accounting Principle(GAAP).

ii) Meiji Holdings: The company, for the purpose of the financial reporting and also for its subsidiaries, follows Generally Accepted Accounting Principle(GAAP). The company declares that the accounting standards are different from International Financial Reporting Standard(IFRS).

Accounting Standard followed by the auditors:

i)General Mills Inc: The financial statements of the company are audited by KPMG LLP, which are the external auditors of the company. The external auditors have used standards of Public Company Accounting Oversight Board(United States). The standards obligates the auditors to ensure that all the financial statements of the company are free from any material ...

Assume you are consulting for a media conglomerate that is perplexed by the parting fates of Blockbuster and Netflix. As a consultant, you want to highlight the varying fates of the two companies via a strategic audit. Focusing on (i) customer (ii) product and (ii) market audits, compare and differentiate Netflix and Blockbuster’s differing fortunes to date with 1 difference between the companies for each audit and a KPI (measure) to understand customer engagement, product success and market performance. Explain the reasoning behind each KPI. First of all it is important to comprehend what is meant by the term strategic audit. For any ...

Labor cost

Effect of the World Economy as China commodity increases Chinese has employed wide use of the mass production as a manufacturing strategy. This has lowered the price of commodities compared to other markets in the world. The Chinese product has been more competitive in the entire market and contributing largely to the economy of the country. The exported products to the international market from china have a competitive advantage due to the low cost. In comparison to other markets the Chinese products such as DVD player and sweater among others, are cheap and hence attracting consumers. United States has ...

The sports apparel company is aspiring to enter the international market (China) to drive its sales and revenue. The local market is at saturation level and the company has been forced to seek a foreign market to sustain profitability. The population in Shanghai city is the target market. As the business development manager, it is one’s responsibility to put in place the relevant structures such that the company will be venturing into that market in two years time (by 15th April 2016). The sales and marketing department will send a team of personnel in the target market to assess the ...

For a person to make a business writing effectively and comprehensively, he/she must take into account some key elements that are required for business writing. The elements ensure that the business writing achieves all the goals that it was intended for while writing (MacLennan pg. 6-67). The business writing below in form of a memo illustrates these key elements for the writing:

Description of elements of effective business writing

The discussion below aims at highlighting the most important elements that are paramount for effective business writing. The elements that are stated must always be adhered to in writing of any business material.

The elements

- The main message of the business ...

About the assurance on the benefits of some pharmaceutical companies discussed, I believed that it would be improper to generalize that all pharmaceutical companies’ only intention is to make money; some companies are pursuing science and health. For example, the Pharmaceutical Affairs Law or PAL is applicable to the medical devices and drugs. Specifically, it measures geared toward medical devices. One of the goals of the PAL reform effort is to build up distinct regulations for medical devices as opposed to the rules that are currently applied to the devices and pharmaceuticals. ...

Introduction

It was not very long back when we needed to plug a cable every time we wanted to use the Internet. However, with the emergence of wireless networking or Wireless Fidelity (Wi-Fi), we can create an Internet connection without a cable, as per our convenience. With the use of this wireless technology, we can access the Internet on various devices, such as mobile phones and tablets, with great ease.

The best thing about Wi-Fi is that it helps you access Internet from anywhere and everywhere. Be it a coffee shop, a hotel room, an airport or any other place, you can get ...

1. Managing the Digital World: Amazon.com

- First and foremost, Amazon.com’s mission statement is “to be Earth’s most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices” . - Its enterprise-wide information systems enabled Amazon to fulfill its goals through the use of effective strategies that facilitated various operational facets to deliver the products ordered by a wide range of clientele at the most effective use of the marketing mix (product choice and selection, prices, places, and promotions). ...

The article about Gerber products whereby babies are used to gauge which foods are appropriate for children is quite catchy. Children, especially the ones used in the research, cannot talk and often they give mixed interpretations on what they like and dislike. Even mothers at times find it difficult to understand what their children are trying to say. Gerber apparently uses baby talk analyze the effectiveness of their products before sending them to the market. It seems almost risky as most products before they reach the market are not safe and could lead to so many side effects, well ...

Branding – Definition and Theories

A brand is a construction consumers make of a product/service. The teams behind products/services aim to position them as good as possible in the minds of their targeted customers. In this respect, they attribute their specific product or service certain elements of identifications. Such identification elements are: a name, a symbol (for instance a trademark, a logo, a sign, or a package design), a color or a feeling (Aaker, 1991, p.7).

“A brand is an asset of differentiating promises that links a product to its customers” (Stuart Agres, Young & Rubicam in Fombrun, 2007, p.232). Based on an experiment conducted by Young & Rubicam for ...

Introduction

Supply chain management involves the management of the business activities and processes network that includes including raw materials procurement, manufacturing, packaging, and the final product distribution. Supply chain management essentially aims to avail the right product at the correct time, the correct place, and the correct price to the consumer. It streamlines the business supply function so that the customer value can be maximized and the company can consequently compete effectively in the market. This process is very prevalent in business institutions throughout the world including Europe.

In Europe, this process has actually been a very critical pillar or ...

Peggy Little

PHI 445 Ashford University The two competing economic systems are capitalism and socialism. In Adam Smith’s Capitalism, there are three vital concepts; the economy is driven by selfish desire for luxury goods, economic balance is achieved through a self-regulating invisible hand, and the government’s role in a nation’s economic system should be limited . In Karl Marx’s socialism, there are three main features; in a capitalist system, workers are alienated from their labor, in capitalism, there is a class struggle between the working class and the business owners, and workers must improve their situation by revolting against capitalist ...

Today we live in a world that just 100 years ago would have been unimaginable. The boundaries and geographical barriers between countries have all but eroded. Go to any major city in the world, head to the airport and in less than 24-hours a person can be in any other major city in the world. This has brought interconnectedness to the global economy with players working in tandem thousands of miles away. But is this a good thing or a back thing? This essay analyzes the phenomenon of globalization and endeavors to determine whether or not the phenomenon of globalization is good or ...

International tax treaties as a means of advancing economic goals

International tax treaties have become quite common especially among countries that have decided to come to an agreement to promote trade. These treaties are reached following total evaluation of the benefits that may arise out of the treaties that have been reached. The treaties are common among countries that are in constant trade with each other. Therefore, through reaching upon the treaties, it is quite obvious that there will be more trading activities taking place between the countries that have come to an agreement. This will be through attracting more entrepreneurs into putting more resources to conducting the trade ...

Abstract:

The following paper is prepared by choosing various articles from credible and academic sources and have been written on. The first article by Peter Buckey summarizes the article international business vs. international marketing. An opinion of the article is then provide at the end. Two other articles follow namely, The millennium and International Marketing by Vern Terpstra and International e-marketing: opportunities and issues by Jagdish N. Sheth, Arun Sharma. All these articles are relevant to marketing concepts and theories and an opinion given at the end of each article synthesizes the article on the light of theory vs practice.

International business vs. international Marketing

...

This article introduces the idea of feature bloat that has been adopted by many manufacturers. Many products that were produced in the past were mostly single minded. This means that devices such as cameras were only intended for taking photographs. However, manufacturers have embarked on the production of complex products that have many features in them. For example, phones today have the capacity to make call, internet connection, mp3 players, and GPS navigation among other features. Rust et al (2006) explain that there are various reasons that have motivated manufacturers to adopt this strategy. First of all, manufacturers aim ...

ABSTRACT

The prevalence of Information and Communications Technology (ICT) facilitated the shift of operations in travel agencies from traditional to online platforms in the same way that the Internet changed how customers can access goods and services. The Internet enables customers to gain access to online travel agencies and choose to purchase travel-related products and services online. Nevertheless, previous studies prove that online travel agencies are finding it difficult to compete with one another and the adoption of ICT as a major part of operations present other problems that set barriers for the growth of online travel agencies. The widespread use ...

Introduction

Business organizations or firms, which seek to use the technique of analysis in order to understand complex mathematical together with other statistical measurements in research, uses quantitative analysis method. They do this by assigning numerical values or variables as the analysts try in quantitatively replicating the mathematics into reality. It is performed for many reasons like to know the performance, evaluate, and value in terms of financial instruments the correct values that can be used in the objective function. In the market structure, this technique is used to reflect or show changes according to price and the nature of ...

Abstract

Global market operations require that a multinational organization considers policy structures that prove effective in the management of its global operations. An examination worldwide operation of Maersk Line in 135 countries around the world reveals that the company has employed investments in innovation and capacity building as the main driver of its supply chain components. Based on this six operational areas that encompass; customers, competition, operational costs, communication, technology and environmental pollution the paper investigates the efforts made by the management at Maersk Line in effectively running its supply chain worldwide. The paper finds that several challenges and opportunities are ...

The Art of System Architecting by Rechtin (2009) infers that system Architecture “is the art or science of building and constructing system for human use.” Experts with design knowledge are the source of decisions in architecture. Brooks says that architecture is the art of determining the needs of a user then designing a structure that meets a client specification with no technological and economic constrains. Architecture has to include engineering factors to ensure the design is economically feasible. The word system imply on the conceptual structure and functional behavior of the interrelated components from data flows, logical design, and the physical implementation. ...

The Pepsi Company demonstrates the principles of leadership due its emphasis on the provision of high quality of products and care for customers. Pepsi Company also demonstrates principles of leadership. Leadership is viewed from various levels of Pepsi Company as a participatory process. The employees and customers are engaged fully in developing the products of Pepsi Company.

Leadership and culture in Pepsi Company are interrelated closely. The leadership of this organization emphasized on the culture of the organization through customer focus in product development and ethical concerns in the organization (Osborn, 2002, p.38). The aspects of the culture of ...

There are different external factors which influence competitiveness of a business. The business has direct control over the internal factors, and cannot control such external factors. Such external factors include political environment, technological environment, international environment and socio-cultural environment which are beyond a firm’s control. Business environment are constantly changing and carries with them uncertainties, risks and opportunities which businesses need to adopt. Success of a business enterprise may depend on the adaptability and alertness of a business to change in the environment.

PEST Analysis for Starbucks

PEST is a reference to a tool used in analyzing the business environment, which refers to Political, Economic, Social and Technological ...

For any business, entering new markets comes with its fair share of regulation. This could be political, social and economic. Political analysis, however, passes as the most important thing to analyse before entering new territories. According to Luthans and Doh (2012), there are three main techniques that can be used to analyse political risk.

Firstly, there is the relative bargaining power analysis. Here, the company making an entry into the said country should strive to ensure that its bargaining power position is better that that of the country. This essentially provides the company with an upper hand in ...

Any business venture that is set up is always aimed towards improving the standards of living and human social welfare. Eradicating poverty is one of the key business objectives,and there is a need for every business to ensure that there are strategies put in place to reduce poverty levels and equip people with the right skills. Relying on financial donations from existing businesses does not offer long term solutions towards eliminating poverty in the society.

Relationship Between Business Strategy and Poverty Alleviation

Having a system that all put into place poverty reduction measures ensures that the business meets it social obligation of eradicating poverty. Innovative approaches in ...

INTRODUCTION

A small business network lacks external support from corporate entities and as such, should be straight forward and easy to manage. In this network design, we are going to adopt a simple strategy that will follow the simplest strategies to achieve the desired results. In this billing business, only a single employee is available to troubleshoot, diagnose and maintain computers. The network comprises modest computing and networking resources and a dozen or fewer computers, printers and servers. The network should allow member of the business to share files, printers, and other peripherals on a single LAN. The small office LAN is managed by a ...

The role of indentured servants vs. slaves

The growth in the agricultural sector led to the demand of labor that was to be provided by both the indentured servants and slaves. This was as a result of poor technological advancement in the field of agriculture-there was no modern machinery. Therefore, the roles of both the indentured servants and slaves are to provide labor for planting, cultivating, and harvesting of cash crops (tobacco, rice, among others).The major role that they played was to offer cheap labor to their masters. They were responsible for providing labor in their masters’ farms.

The difference between indentured servants and slave as illustrated from the book.

Looking at the differences between the two, slaves ...

Annotated Bibliography

- Crime And Misconduct Commission, Queensland (October, 2006).Regulating Outcall Prostitution. Should legal services be extended to licensed Brothels and Independent Escort Agencies?

This was a report of the CMC Queensland. The report discusses in detail the provisions of the Prostitution Act, 1999 that was enacted for five main purposes namely: to ensure that the safety of sex partners is guaranteed, to create certain safeguards against organized crime and corruption, to ensure that there is good quality of life for the communities engaged in sex work, to discuss the reasons as to why various persons involve ...

Introduction

In this constant business evolutionary era, financing a business is considered as initial and the most challenging task for any business for duly commences their operations and enters into the world of various business identities. The business finance is one of the core business activities that are typically associated with the acquirement and preservation of resources or funds. These capital funds are mainly acquired in order to manage the different obligations of business in best possible manner as well as meeting the other necessities of business entities for development and get survived in the market (Damodaran, 2011, pp. 12-19). In ...

South Korea has a history of being one of the greatest economic successes in the world. It is homogeneous racially and linguistically (Country Profile: South Korea, 2007). The Koreans respect their tradition and equally embraces the modern developments. Certain etiquettes that are followed in this country are as follows:

Traditional greetings of South Korea is bow. However, now it is followed by hand shake among men. To pay respect they support their right forearm with their left hand. The Korean women would not shake hands with western men and would simply nod, however, western women can offer to hand shake ...

Abstract

The success of a business is directly proportional to the relationship that exists between the business and the factors that shape its market. Each strategy undertaken by a business to is geared towards changing the perceptions of its customers. Additionally, there is a need to allure more customers into buying products or rather using their services. In this context, customer relationship management system is a strategic tool employed by objectively oriented organizations. How a business attains this is dependent on the number and nature of manipulative fronts it utilizes. Additionally, studies of divergent business situations depict how customer relationships with respective businesses determine success. ...

Introduction to environmental studies

Three integrated elements of sustainability The three integrated sustainability elements include the social, environmental and economic elements. They are identified to be interconnected.

What is an example of an initiative or decision that benefits people, the environment, and economic growth?

Some of the core items that are core in the environment include air and water. Careful purification of water and air is an initiative that is a beneficiary to the economic and environmental growth.

Population growth

How many people are currently on the planet? According to United Nations statistics, the world population is approximately 7.04billion What is the single most significant discovery/change in humanity’s way of living on the planet that has sparked the exponential ...

VALS lifestyle profiles

After taking the survey, I found my primary lifestyle profile is an experiencer. An experience is an individual with high energy levels and takes on into a new challenge with vigor. Additionally, I am motivated by the need to express myself. As such and experiencer consuming patterns are impulsive with the need to possess a product appearing as soon as they identify it, and without prior consideration of its purchase. This habit is explained by their need to quench rapidly their curiosity of the product in question, and to satisfy their experimental nature. An experimenter/ experience is bored easily with a prospect ...

A manufacturing firm can be differentiated from a merchandising firm on the basis of certain factors, such as structure of operations and the resources employed to earn profits. The key distinguishing factor between the two is that a manufacturing company produces goods while the merchandising firm markets and sells the products. Wholesalers, distributors and retailers are termed as merchandisers, whereas a factory would be considered a manufacturing unit.

The two types of firms also differ on the basis of inventory. Manufacturers operate in three kinds of inventory; raw materials, work-in-process and finished goods. Since, merchandisers deal in ready-for-sale products; they only maintain ...

Strategic planning denotes the process through which managers assess the company’s future prospects and make a decision on suitable strategies for attaining long-term goals (Heizer & Render, 2014). This paper discusses three approaches to devising and implementing strategy namely economic imperative, political imperative, and quality imperative. Moreover, selects an imperative that can best function for Apple Inc.

Economic imperative is a global strategy based on differentiation, cost leadership, as well as segmentation. On contrary, political imperative denotes strategic formulation as well as implementation using strategies, which are nation-responsive and developed to protect or promote local market niches.

On the other ...