Essays on Commerce

Chapter 1.

Section 1.1. Strategic management is regarded as the implementation of certain actions and conduction of the particular events that involve the participation of the leading management of the company, the related companies and rivals within the industry of the operation of the company causing the efficient performance of the business unit. The main question posed by the strategic management is why some companies have the better performance within one market or industry in comparison to the rivals. In order to plan the appropriate strategy for the company, it is vitally important to consider all possible options so that company ...

Abstract

This report shows timeline of South Africa and also describes how historical events have shaped the country today. A particular emphasis has been placed on explaining the outcomes of apartheid and racial conflicts on economic conditions.

South Africa preserves one of the earliest and most complete records of human evolution, dating back to 3 million BC. 4th century – Migration of humans, joining indigenous Khoikhoi and San people. 1497 - Vasco da Gama’s crews lands on Natal coast in South Africa.

1652 – Jan van Riebeeck, Dutch East India Company, set up the Cape Colony.

(See Appendix A - Early Migrations)

1795 - British seize the Cape Colony.

1860-1911 – Thousands of traders and laborers arrive from India 1880-81 – European farmers ( ...

America’s peaceful borders have been necessitated by two remarkable trends that have occurred over the past thirty years. These include sweeping democratization and the spread of integration agreements. The military and the governments of the day have played their different roles successfully. The military have been on the lookout for any peace disturbance potentiality from outside the country while the democratically elected governments have ensued prevalence in all hemispheres of the country. As a result, countries have managed their borders peacefully without the need for military interventions (Johns Hopkins University Press 1). Through investment and trade preferences, the ...

Management Case Study; the Midwestern Medical Group Journey

Introduction. According to Plsek, P. E., & Wilson, T. (2001), management is a collection of ideas setting forth the general rules on how to manage a firm, business or organization addressing how managers and supervisors should relate their knowledge of the enterprise to the achievement of goals and motivation of employees to perform to the highest standard. In the delivery of health services, the following management theories and can be applied as given by The Midwestern Medical Group’s Integration Journey. Models employed by MMG's management included: Selling MMG to an outside party, maintain status quo, with MMG as on ...

Scenario Analysis

After conducting the chi-square test, the most important factors to consider while determining the presence of gender bias in firefighter promotion is the chi-square statistic and the p value. These two factors are important as they help determine whether the relationship between gender and firefighter promotions is significant.

Is the promotional status of recently promoted firefighters independent of their gender?

Based on the results of the chi-square test conducted it is evident that the promotional status of recently promoted firefighters is independent of their gender. This implies that there is no relationship between promotions and gender. What reasons should the assistant chief convey to the fire chief to justify the absence ...

Improving Sustainability: Yum Brands

Business Sustainability is often defined as the process by which an organization manages its financial standing, social risks and opportunities. In short, sustainability is the process through which a company handles its entire business and the influence of its decisions on financial standing, community and the environment. However, in the context of this paper, we believe that this definition is more of a theoretical concept because in a more pragmatic way, sustainability is all about surviving the shocks by sculpting the organizational policies and connecting them to a healthy social, economic and environmental system. Henceforth, in order to discuss ...

An essay exploring the effect of the macroeconomic environment in Italy and Russia as it relates to Proctor and Gamble’s international economic activity. Procter and Gamble [P&G] is the world’s top producer of household products. P&G manufactures a wide range of products from toilet paper and sanitary products to food and cleaners. It can be said that the company produces everything a consumer could need to stock their homes comfortably. June 2014, P&G reported over eighty-three million dollars in revenues during that fiscal year (MarketLine, 2015). P&G’s headquarters are located in Cincinnati, Ohio but the massive ...

I was surprised at how accurate the VALS test was about me. It calculated my personal buying habits and showed that I was not as interested in shopping as I thought I would be. I am a very thrifty person and I only like to spend money when I absolutely have to. I have had some very trying times when it comes to my finances so I always take that into account. These results will more than likely not change over a period of time. The results are more relevant to an average of times that I have spent ...

Abstract Page

Gender equality in today’s era is the most important objective for development. Smart economics is represented by the gender equality. Greater the gender equality, greater are the chances of improved productivity, development outcomes for the coming generation are improved and institutions look more representative. This study aims to understand the Declining Sex Ratio in India, What are the reasons for declining child sex ratio, the gender gap and the need for policy reforms that should be taken to improve this Sex Ratio in India. Sex ratio is defined as the number of females against 1000 males. The result ...

Executive summary

This paper provides a strategic plan for ERBAKIR CN WIRE Company. The strategic plan includes an analysis and evaluation of integral aspects of Company’s operation. These aspects are company’s background, its organizational mission, vision and value statements. Besides, the paper provides an environmental scan, describing Company’s place on the trade market. The paper reviews current strategies and states the recommended ones. In order to reduce and overcome risks, the paper offers an implementation plan including contingency plans for identified risks. ERBAKIR CN WIRE Company is the largest of Electrolytic Copper Conductive companies in Turkey and one ...

Introduction

Price discrimination is a strategy usually followed by a monopolist or even oligopolist where different consumers are charged different prices. Price discrimination can take three major forms, first degree price discrimination, second degree price discrimination and third degree price discrimination. In this paper we demonstrate how third degree price discrimination is practiced by the Airlines. We begin with a brief description of third degree price discrimination in the next section. In section III we discuss the methodology and data source of our research. In section IV we present the outcome of our research. Section V concludes the study.

Concept of Third Degree Price Discrimination

In ...

High frequency trading has progressed a lot in the last decade or so. From being passive algorithmic trades to now active and aggressive computerised trading, the practice has added a lot of benefits and problems to the securities market. Volatility is generally considered a negative aspect in securities trading as it creates uncertainty and erodes the confidence of market participants. But it is also true that some volatility is necessary as price change is what makes trading survive. However, in the current environment, high frequency trades which involve working out complex algorithms and execution of orders in milliseconds can ...

A business that thrives in the economy and increases their revenue and profit is a role model business. There are wonderful businesses in different parts of the nation, but some succeed further than the other great businesses. One of the main reasons a business succeeds professionally and flourishes is due to how performance, and leadership is in the business. If a business is productive, skilled, stabilized, and rule abiding then it will have a positive impact in the future. A business will have a better chance of succeeding than a business that does not have leadership, organization, and great ...

Tabarrok (2016) asserts that the modern trade theories in global businesses today focus on the roles of businesses in increasing their scale returns, as well as, network effects in their markets. The use of such theories and concepts have the propensity of building large business bases thereby allowing their domination in the markets of the world. (Kreckova, Odehnalova & Reardon, 2012, p. 67). Therefore, the following article will discuss the foundations of the modern trade theories in relation to the concept of comparative advantage and its analysis in two countries and competitive advantage together with the policies that can be ...

Abstract of the Chapter V

In this particular chapter, Thomas Friedman questions the necessity of the free trade across the globe and whether it will benefit America as a whole. Basically, he spent a significant amount of time thinking if David Ricardo was right or not. Ricardo, the English economist who lived at the turn of the 18th-19th centuries, described the basics of free trade. This is the beneficial cooperation of two or more countries that are concentrated on the production of goods in which they have a comparative cost advantage. So, the question is if America should keep the principles of free trade ...

Company Overview

Apple manufactures designs, and markets communication mobiles as well as media devices, portable digital players and personal computers in addition to making sales of the related software, accessories, services, network solutions as well as digital third-party content and applications. The management of the company`s business primarily is on the basis of geographic region including the Europe, America, Japan, Greater China, Rest of the Asia-Pacific as well as Retail. The Company has a commitment to bring the best customers experience onto its customers via its innovative software, hardware as well as services. It leverages its unique ability in designing ...

Issue Analysis for Agriculture or Environment

Issue Analysis for Agriculture or Environment

The issue we are going to discuss is “does agriculture have bad effects on climate?” agriculture is an important field of work that is not related to a single area or a country. The entire world is directly or indirectly is related to it. The agriculture is extremely important that humans cannot survive without it. What about our environment? Is there any effect of agriculture on the climate? Are they associated with each other in any manner? In this paper, we are going to look at this issue. According to my point of ...

Introduction

In a perfect democracy, the people and the states are one and the same element. In this accord, it is extremely unethical and unprofessional to segregate the public’s involvement in state affairs. In this regard, prudent and essential that the public is allowed to be the key players in the community development projects. Not only will the act of fostering public involvement in planning, sparkle the public’s cooperation, but also, tremendous advantages will be accrued from the government-public corporation. The planning of community development projects tends to foster betterment of the standards of living within a particular ...

The organization that has been considered is the Regions Financial Corporation. The details of the organization as obtained in the Bank Holdings Company Performance Report are as follows:

RSSD Number: 3242838

Federal Reserve District: 6 Consolidated Assets ($000): 124,891,540 Peer Group Number: 1 Company Introduction and Activities: With an aim to strengthening the financial activities in the United States, Regions Financial Corporation was established in the year 2014. It has its headquarters situated in Birmingham, Alabama.

The Company address of Regions Financial Corporation is mentioned as

1900 5th Avenue North

25th Floor

Birmingham, AL 35203 The official website of the company is http://www.regions.com. The industry in which the Company belongs to ...

The natural resources like oil and gas are of great importance for any country, as the drive the plants, heating and so on. This market though important is very tricky and it take much effort and resource not only to enter it, but to stay. Exxon Mobil is one of the biggest international corporation in a gas and oil fields. To ensure stability, promote growth and avoid potential dangers it is essential for any companies to be prepared, thus different analysis like SWOT, PEST and STEEP are performed, to evaluate the current situation in the company and on the ...

A vision and mission are very critical elements in an organizational strategy. They serve as the foundation guidelines in the establishment of the organizational goals and objective. An organizational mission statement is a statement of purpose. It is decision-making guide for an organization. It helps the employees in ensuring that all the activities of the organizational align with the mission. To the employers and the managers, it offers them insight in seeing the need to be in business. The work of a vision statement is to provide direction to the company. It takes the mission and adds some corporate ...

(1.) While the streets, courthouses and jails are the areas and locations that are commonly associated with the workings of the criminal justice system; two less recognized but equally relevant locations are the labs, examination rooms and computers of the criminalist and the criminologist. A criminalist, more popularly known as the forensic scientist, is a person that employs science, technology and expertise to identify, examine, and analyze criminal evidence and present their findings to a range of information consumers (Kaci, 1998). For example, a criminalist’s analysis of evidence at a crime scene can assist police officers in determining ...

Blade Runner is an iconic film that was directed by Ridley Scott in 1981 and based on the novel of Philip Dick "Do Androids Dream of Electric Sheep?". The film in its two-version interpretations became one of the style-forming movies of the 1980-90s, and also gave rise to the Hollywood tendency to screen anti-utopian stories of Philip Dick. The deep problematic canvas of the film that is based on the idea that a person's conceptions regarding the world and his place in it can appear to be intentionally falsified by third parties, entities or intelligent, received subsequent development in ...

Introduction

Corporate Social Responsibility, also known as CSR in business management circles, is a newer facet of business in most developed markets. Unlike previous generations of businesspeople and businesses that tended to put profit before all else, businesses in the modern world are more likely to put other concerns on an equal footing with profits; sometimes this is referred to as a “triple bottom line” (Carroll & Buchholtz, 20114). The triple bottom line refers to the people, the planet, and the profits that a business makes; all three of these things must be a concern for businesses in the modern world. ...

Executive Summary

Tim’s coffee shop is one of the successful business premises in around Illinois. Despite Tim’s inadequate business knowledge and skills, the business is operating at a reasonable level. However, more and more is required to make the business stand proudly in the industry. Use of technology within the shop is one key area that will help the business in cutting down costs as well as enhancing its services. Software for both Accounting and Human Resource are vital for the growth of the business. Besides, proper customer service that ensures uniformity remains critical for the Tim’s shop. ...

The ivory trade has been an international problem for decades. While ivory is an important commodity to many of the countries in Africa, the use of this material is threatening the survival of the African elephant. While trade laws and sanctions have been passed by the global community to limit the use of ivory, a number of African countries continue to be active in this trade. By failing to understand the ivory trade and the economic position of many of the African countries, humans have directly contributed to the near extinction of both elephants and rhinoceros. Ivory has been ...

Inventory Management

Introduction Inventory management and the supply chain system are one of most important factor for the success of an organization. With the improvement in the technology, the process of inventory management has changed over the time. This research paper mainly studies the inventory management system of two globally recognized manufacturing companies namely Apple Inc and Samsung Electronics. The research paper will study the inventory management system of both the companies and compare them to identify several problems that these companies face in its operations. The paper ends with practical suggestions that would help the companies to improve its inventory ...

(Course/Major) (Professor/Instructor) (Location)

Corporate social responsibility and climate shifts: Introduction

The task in connecting corporate responsibility and ethical business practices is to make the engaged parties move towards resolving the problems in the area. Climate shifts is one topic that is well suited in this area. The issue of climate change requires an in-depth study in that there is a rising disconnect between the increasing public adoption of the prevalence and the critical nature of the dilemmas it presents and the reluctance and even outright hostility by corporate leaders and policy makers, specifically those in the energy exploration and generation industry, to acquiescing with the impacts ...

Introduction

There is a long standing debate in .Economics between the classical school of macroeconomics and the Keynesian school of Macroeconomics. While the classicalists school believes in a laissez faire or free market economy the Keynesian school proposes government intervention in times of recession, inflation or such other macroeconomic disbalance in the economy. In this paper we are going to present the major differences in the Classical and Keynesian school of macroeconomics in terms of aggregate demand and supply and in terms of the impact on inflation and unemployment.

Aggregate Demand and Supply

The classical model is a supply side model. The proponents of ...

The EU Should Admit the Western Balkan Countries Soon Even if They Do Not Meet all Criteria

The Name of the Class Introduction Nowadays there are 28 member countries in the European Union. From its humble beginning as a peace holder after the horrible outcomes of the end of the first and second world wars, European Union grew to the powerful and strong economic and political union. EU countries share common economic zone, political values, such as strict rules towards corruption, and so on. Historically, the reason why “ECSC or the European Coal and Steel Community” (Cia.gov, 2016) was so successful that it enabled to create EU afterwards, was because after couple of years of its ...

Introduction

In The Anxious World of the Slaveowning Patriarch and The Effects of Paternalism Among Whites and Blacks, written by Kathleen Brown and Philip Morgan respectively, it was put forward that the patriarchal authority was as a necessary element in maintaining the slavery institution. The patriarchal society was a tradition that was brought forth by the European colonizers, and this system has been the basis by which to impose the code of practice, not only in the family, but also in the societal, political and legal institutions in Virginia during that time. In her essay, Brown denotes that the master’ ...

Intellectual Property

Information system plays a very important role in our society. There are the ethical aspects of the information system in regards to intellectual property that arises with the use of information technologies. These can be piracy and plagiarism of resources where another person's knowledge and work are used without giving due credit to the owner of the information. This happens when someone presents an idea that taken from another source as their own. This paper is going to discuss ethical issues that arise from piracy of resources, patents, and copyrights in the world through the internet. Information ethics issues ...

Analysis of Samsung Corp.

Introduction Samsung Corporations operates as a multinational company operating in electronics industry with the headquarter in Suwon, South Korea. It is a blue chip company listed in Dow Jones. The company makes profits in terms of trillion with over 200 trillion of assets and 168.088 trillion of equity (Michell, 2010). As of 2015, the company had around 307,000 employees contributing to its operations. This makes the company a big corporation thereby forming a platform for practicing how to analyze businesses. The profitability of a Samsung’s operation is dependent on the efforts put by the management towards ensuring ...

The health care sector in the U.S has had predominant influences from the improvement of technology. This is one of the major reasons that has led to more involvement in the medical science field which is directly associated with the education of the health care practitioners. The health care system need to improve has been rising due to various goals and strains that have faced the American people. They include the need to check the costs of health care that are soaring, improve the quality of health care and cater to the increasing number of Americans in need of ...

Artifact

Mercedes-AMG GT S is the premium range vehicle of German car manufacturer Mercedes Benz. The car is an achievement built on the intense beauty and passion for the senses: scene-stealing looks, breathtaking performance, and an immense growl that can easily intimidate the road itself. Mercedes-AMG GT S has lightning-fast power transfer and low bodyweight of the car means it has ability to performing cornering at thrilling speed, with the car setting higher standards for dynamic and precise performance. The car features the all-new AMG 4 liter V8 biturbo engine with 7-speed having dual clutch transmission. The car can reach ...

Brand name

Dataset Technology Company Logo Slogan Brand Extension Dataset’s long-term strategy towards competitiveness in the market is through product extensions (Stokes, & Lomax, 2008). Product extensions for the company will include variations in core software rather than launch new products. Product extensions will mostly target software applications that Dataset is already offering in the market and web designs that provide improved usability for clients. For instance, the educational software applications that the Company has been offering on the market will be extended to a family of related educational software so that clients can have a variety to choose. Secondly, Dataset’ ...

Understandably, change is inevitable in business. Keeping with the trend of business and being proactive to the possible change ensures that the business remains profitable in the market. With the increased need for efficiency and the introduction of the new technology, businesses are forced to change their methods of operation and adopt new technologies for efficiency. Accordingly, they are expected to study their customers who are also changing with the technology to make informed decisions during the change process. Supply chain does not operate in a vacuum and hence cannot assume the changes in technology. It must adopt new ...

The flame broiler is changing their environment by changing their food choices from fast foods to healthy choices. It is trying to expand its target market to include the health conscious consumers.

Use the Five Forces Model to describe the business environment faced by this organization.

Competitors- the company faces competition from fast food chains as well as restaurants who offer purely healthy options. Flame Broiler is located in business complexes to target business executives who are health conscious (Poole and Van de Ven). Customers- Frame broiler is targeting health-conscious customers. However, the company’s market research that determined that the customers are not aware of the quality of the food they sold. ...

Swatch Group is a conglomerate that is actively involved in the design, manufacture and sale of finished watches and watch components. The watch company is popular for running a number of entities that bring together a lot of revenue to the parent company. One of the possible niches that Swatch can explore is the smartwatch industry. This is an industry that some smartphone companies like Apple have exploited successfully and contain a significant market share. The purpose of this report is to conduct a critical analysis of the major environmental trends in order to deduce the opportunities and threats ...

Introduction

The cell membrane encloses the cell contents and regulates what gets in and out of the cell. This property of a cell is referred to as selective permeability and helps in maintaining life processes (Beckett 22). The property enables physiological process such as diffusion and osmosis to proceed. Diffusion is the movement of particles from a region of high concentration to a region of low concentration (Roberts and Mitchelmore 38). In a cell membrane, the molecules will diffuse from the side where the molecules are more to a region where they are less. Because of selective permeability, only molecules ...

Florida National University (FNU) is a higher education system, where the purpose is to “contribute to the education of a population of diverse, presently predominately Hispanic, cultures,” (Mission Statement). The purpose of the university is to make it easy for Hispanic immigrants to have access to higher education and prepare them for employment in the United States. It offers classes on mainly on the business and medical fields. There is a large program in the university that teaches English as a second language to further help international students get situated in the United States. Because of this, the university ...

Vintage Clothing Store

Introduction The project provides for opening vintage clothing and accessories store in Evansville, Indiana. Evansville represents an important commercial and cultural hub in the Illinois-Kentucky-Indiana three-state-area. The population of the Evansville metropolitan area exceeds 250 thousand people.

Business environment

The management shall not feel concerned about the regulatory forces. There are currently no political or legal issues, preventing one from prompt registration of the business, namely starting up a vintage clothing store. At the same time, it is important for business owners to check the available options for business forms to avoid paying extra taxes. It is also essential to ensure ...

Introduction

In the book, “The Behavior of Law” Donald Black tries to explain how the conduct of law is a social phenomenon. Black describes a general, quantitative and predictive theory that describes the various conditions within which law is applied or can be applied. Black argues that since law is a social phenomenon, it does not take into account the human nature concept. As such, law can be explained without incorporating a person’s motivations or any other psychological motivations. This means that the theory does not take into account the rationality of human beings and also the goals and ...

Maslow hierarchy of needs works

Maslow’s hierarchy of needs is a theory that was proposed by Abraham Maslow’s in 1943 that explains on individual’s motivation and development. According to Maslow's human beings are motivated by the attempt of fulfilling their basic needs; Physiological, safety, social, self-esteem and self-actualization. These basic needs are believed to create an internal pressure that influences a person’s behavior. It means that human beings have a hierarchy of needs that is portrayed in a triangle. However, a person should act towards addressing basic needs before moving on to meet more complex needs in the hierarchy (Ahmad, ...

Abstract

The paper is designed to reflect the learning outcomes and lessons learned from the case studies of global organizations. The paper is based on two parts. The first part discusses the case study of Cliffe about “can this merger be saved?” to understand the reasons and causes of the failure of the merger of two companies Synergon and Beauchamp. The inefficiency of the management of the new developed company was the major cause of the failure as it was failed to understand the cultural differences of the two companies and thus resulted in the challenges. Then, I reflected my ...

Corporate Social Responsibilities and Ethics

The concept of (CSRs) means that companies, organizations and/or societies have both societal and ethical responsibilities stretching beyond their existing economic responsibilities (Tuan, 2012). It requires these organizations to elaborate how they understand their responsibilities in efforts to including other stakeholders like customers, employees, local communities, customers, state governments, suppliers, international organizations among others. CSR stresses the need for organizations to behave like good corporate members of the society or citizens, by not only complying with laws and policies but also conducting their activities in ways protect the environment and other resources. Ethics may be seen as the fundamental ...

Introduction

There are two major school of macroeconomic thinking, the Keynesian school and the Classical school. The classical model has evolved over a long time and name of a number of renowned economists is attached to this school of thought. The Keynesian school has been built on the theories and models developed by John Maynard Keynes. In this paper we discuss the differences in these two schools of thought in terms of aggregate demand and supply and the relation between inflation and unemployment.

Aggregate Demand and Supply

The classical model is essentially a supply side model. According to the classical school of thought the ...

Question 1:

In large companies like Ford, HRM tends to develop strategically because the IHRM managers are a leading factor towards the contribution in the management of these firms. By having a global view of the marketplace, the managers can conduct their business taking advantage of resources available thus taking advantage of the markets. Moreover, HRM tends to develop in firms like Ford since they employ an MNE business strategy that provides different varieties of competitive advantage. The approach ensures improved standards and quality of services thus enforcing Human Resource Managerial skills. By this, the companies can modify products to meet ...

Marketing 300 CORE

Al Golzari Homework Assignment 1 25 points for each question. Partial credit will be given. Please type directly into this file and save and return with your last name as an extension to the file name. Please refer to the article I posted on Flipboard on Dec. 26 titled “Offering breakfast is a made-to-order success for McDonald’s.” As a consumer, I’m sure you know that for the past few months, McDonalds has begun offering breakfast all day in most markets. So far, this has led to initial success and appears to be working. What target markets is ...

Part one: Click and Mortar vis-à-vis Dotcom retailers The advent of information technology significantly revolutionised the retail business and the supply chain networks. Technology put pressure on business to develop platforms that would allow customers to purchase various goods and services online. This revolution resulted into traditional physical warehouses developing parallel online consumer platforms to increase profits (Bozarth & Handfield, 2015). This model of business is called click and mortar model and involves brick and mortar business to open an online store. However, this reverse of this model (click and brick) involves online stores developing physical presence. This paper ...

The purpose of this case study is to obtain an in-depth insight into the alternative strategies associated with the current market, alongside focusing on the issues that are presented in the form of question 1, 2, 4, and 5. For some case studies, the development of models in Excel is of great significance for the evaluation of options encountered by an individual. In this regard, the answer of 3a will be entailed with adequate emphasis on the aspect above. 1. Natureview has gained notable success in the area of natural foods station as it carries out the utilization of ...

It is important for every company to understand the operating environment of the business as it keeps changing with time. A case study of how to operate a business in Saudi Arabia is needed before setting a business in this country. The strengths and weaknesses should be keenly analyzed to ensure maximum profits. The Java Lounge was started in Jeddah in 2003 by four young Saudis. They believed that the idea of a restaurant that served the affluent by westernizing some of the services would be well embraced in the Arabic country. However, before venturing into the business, they ...

1. Plan for the assessment of Market structure Effectiveness for Operations of the Company. It can be easily asserted that the performance of the company as well as the market scenario changes whenever there are changes in the demand for a certain product over a period of time. It was observed that there is increasing trend in demand for microwave category. With the pressure and increase in complexity of individual lives and their living standards, the attitude and perception of people towards microwave food seems to be favorable. Such microwave food is also increasingly demanded as a result of ...

Introduction

Throughout is history, the American society has exhibited an unrivalled sense of national identity. Being an American citizen has over the centuries since its independence was seen as the most significant facet of an individual living within US borders. As such, US citizens who are residents in other countries also take much pride in the numerous benefits accruing to them, by reason of their American citizenship. As Bradburn provides, the boundaries defining real aspects of what entails an American citizen have since been blurry and undefinable since independence (1094). The main cause for such an outcome was the fact ...

Microenvironment Analysis

Political environment: The government of the country is making significant efforts in building strong political and economic ties with other countries. The country is supporting the international community for the attainment of well-being and safety of people and has good relation with all countries almost. The political environment in the country for business is good, as the government has taken initiatives to diversify the economy at a higher level. In 2010, the government announced $130 billion monetary packages to spend until 2015 with the aim of boosting the private sector participation and foreign direct investment. The purpose of encouraging ...

Statement of Purpose and Academic Motivation

Intercultural management practices and competence has been poorly explored by the academic community from the perspective of multicultural Finnish professional life (Weber, Festing & Dowling, 2013). In spite of the fact that various cultural issues in the employment context have been studied from the purely managerial perspective, the majority of these studies relate to either migration of the highly skilled professionals (Thomas & Peterson, 2014), reflected common international trends (Van der Vijer, Hemert & Poortinga, 2008) or evaluated financial performance of the institutions, which significantly attracted employees with different cultural backgrounds (Smith, 2004). This research, however, pursues a number of unique objectives, ...

Without any doubt, the level of competition in the food service industry is high. Ron Shaich, the chairman and CEO of Panera Bread on the territory of the United States and Canada, in his interview with Business Week Journal claimed that the point that Panera Bread has always oriented it operations on the long-term helped the company to overcome competition throughout the recession, which significantly increased the revenues and margins. In a current competitive environment, it is crucial to possess the competitive advantage. Shaich says that the launch of MyPanera (special application for customers that helps Panera to get ...

Historical chronology is the systematic arrangement of historical events and dates in order of occurrence. Consequently, chronology is a basic tool of history, since it helps in tracing past events and providing a reference and date to their occurrences. Therefore, current events in the modern world attach to a series of occurrences in the past, which took place in a systematic order. The global economic depression is an example of a chronological event in history, which took place between 1939 to 1945ce. The period featured a great downfall in the world’s economy, owing to the damages that World ...

The process of the detection and prevention of the unauthorized access to the computer is known as computer security. It is to ensure that the data stored in the computer cannot be compromised or read by any unauthorized individual. Several security measures are used for providing computer security like data encryption and password. Also known as IT security or Cyber security, computer security provides protection of the information system from misuse, misdirection or disruption of the services provided by them. It also ensures protection from theft or damage to the software and the hardware. Computer security is essential these ...

Introduction

Money is a means of payment for services and goods. Money can also be defined as anything that allows us to purchase goods and services (Stanford 2008, 189). Money serves number of functions like measure of value, means of exchange and store of value. These functions often contradict each other and these contradictions may lead to economic crisis.

Function of money

Money: In ancient times, barter system was used for payment of services and commodities. It was difficult to put exchange value on commodities or services rendered. Trading in barter system was highly inefficient, as seller had to find a buyer who ...