Monday, May 25, 2020
Sample details Pages: 15 Words: 4401 Downloads: 3 Date added: 2017/06/26 Category Business Essay Type Research paper Did you like this example? This paper presents the significance of the new and innovative economy to organizational development, adopting to the business environmental changes and managing. Design/methodology/approach -The paper analysis the factors that increase the role of social media (SM) and their influence to changes in the value added in the organization. Findings The paper contributes to the discussion about the importance of social media by enabling the access to the knowledge and the Research limitations/implications The concept is based on a theoretical view of the innovative new economy, knowledge management and the impact of social media on value creation. DonÃ¢â¬â¢t waste time! Our writers will create an original "The Impact Of Social Media Business Essay" essay for you Create order Practical implications out that the Originality/value SM leads to the fact that we are not talking about knowledge management, but about enabling access to knowledge. SM influence on the formation of chain supply and consequently to the value added in the enterprises in innovative economy. Keywords innovative economy, knowledge management, networking, organizational changes, social media, value added chain Paper type Research paper Introduction Sustainable development and increased uncertainty in the business environment are forcing companies to inflict as a strategic goal a constant reconstruction of a comprehensive infrastructure. This renewal based on a more flexible organizational structure (internal environment) including the introduction of modern technologies for the implementation of relationship marketing and renovation of the technological innovations. Technology has with the phenomenon of the Internet and the development of mobile networks transformed the way in which our society communicates and socializes. Technology is no longer the domain of developers and users, but is becoming a central democratic element, which allows for the continuing presence of society.Ã  Conservative organizations demonstrate the requirements of change management policy and organizational structures based on the Taylor paradigm of the hierarchy. At the same time, it has to be aware of the ability to develop and achieve at least basic levels of literacy in the field of modern information and communication technologies (ICT), which plays an important role in the success of both economic and social development. By achieving their strategic objectives, companies will be affected by the increase in productivity, efficiency, added value and consequently, the development of economy and society , . The business environment has been necessary to realize the negative consequences of ICT developments with the emergence of high-tech crime. Such abuses are increasing in frequency on both IT and radio-diffuse technologies. The crimes are divided into those where computers are used as a means of enforcement (computer related crime) or as an object of enforcement (computer crime) and criminal actions in the field of illegal use of the Internet . In such an environment it is difficult to define and determine the appropriate boundaries of business. Competitors do not compete only with similar (or id entical) business models. New ones are emerging with different approaches, techniques and thoughts that undermine the traditional rates set market share  (figure 1). Influence of technology development to the organizational changes Phenomenon of the Internet in the new economy has influenced in the early nineties of the twentieth century (including the Internet or the digital economyÃ Ã ), the rise of the third wave of capitalism. During the last economic crisis and recession, which ended 2009 and the consequences of which the world felt in the form of low economic growth, the emergence of Internet technology, joined the digital technologyÃ Ã , which further affects the changes in global markets, which point out in the behaviors of the consumers and in developing new business models . SOCIAL MEDIA ORGANIZATIONAL CHANGES AND ADOPTION LEGAL AND ETHICAL NORMS TECHNOLOGY GLOBALIZATION PROCESS ORGANIZATIONAL EFFICIENCY COMPETITIVE ADVANTAGE VALUE ADDED ACESS TO KNOWLEDGE The new economy has in the early 21st century led to changes in strategies, structures and management styles. For managers it is expected to dominate the release, management and use of resources, in contrast to the strategies of the old economy, which stress that the management strategy to manage the acquisition and ownership need to defend their own resources . An increasing role in the technological field of ICT in the past few years has been seen in mobility, cloud computing, business intelligence systems, and SM .All these factors assume a leading role in ICT in developed and underdeveloped economies. Technology and economic growth during the period of transition from the new innovative economy have become inseparable , . Innovative economy in the process of organizational evolution introduces new approaches for the development of business models. Even in the early twentieth century in the so-called old economy there was a predominant position that for a successful (profitable) business to occur significant active ownership (hierarchy) must be implemented and that those organizations need to introduce a vertical organizational structure. In the eightie s in the so-called the new economy, knowledge and the flexibility of organizational structures started to significantly affect the performance of companies. In the innovative economy innovation and intuition are becoming the key success factors , , . Organizational changes include internal and external factors, technology, markets, the legislation (emphasis on the protection of intellectual property), which is in line with new processes, restructuring and mergers and takeovers. Seventy percent of organizational change efforts fail. The causes for failure can be found in the fact that managers skip critical elements in the processes of change . Innovative economic theory (in contrast to neoclassical) follows from the thesis that capital accumulation is the main vehicle for economic growth in todays knowledge-based economy. To change so there is also the global financial theory that during the innovation, economy favors Asset Management prior to ownership. This ne w business logic derives from the thesis that economic growth in the innovative economy arises due to the final product or services that are incurred as a result of knowledge . The innovative entrepreneurship that has been developed based on R D and the down-regulation of activities, highlights the risk upon capital and intellectual property (patents and licenses) and fosters a networking organization that enables collaboration between companies (e.g., clustering). In the innovative economy, partnerships among organizations are based almost exclusively on human capital. Economic capital has lost the importance it still has in the new economy . Network economics considers integration as a strategic instrument that affects the growth of knowledge, and increases the role of information and human knowledge in a knowledge society. The concept of network management is important as a management style that builds or appropriates synergies, particularly between information manageme nt, knowledge and human resources. Knowledge and behavior have become a power not only to the new economy but also to the innovative economy , . Networking promotes the importance of Supply-Chain Management for the success of which it is necessary to provide unknown knowledge and prepare for the changes brought about by the development of social mediaÃ Ã and their introduction into business operations , . The advantage of the network structure is two-way communication. Processes operating is not run in isolation because, with two-way communication typically every person can communicate with any other person, and information can move freely within an organization f , . Knowledge and information are part of the supporting information system which enables their transfer and processing (from the data to the end of wisdom), it is determined by knowledge management. In the given concept network knowledge management can be defined as a shift from a trans action perspective in the distribution of inter-organizational knowledge management process. Specifically, this means that the members of each exchange acquire specific skills needed to support decision-making . Individual companies use outsourcing management activities in order to minimize the operating costs. Companies are therefore compensated for: the purchase of thier own information system (introduction of cloud computing), own implementation of marketing activities (setting up their own social platforms on the existing activity), finance, shared services and the production specific parts of a product, of which the production is not a core activity. The company has to be aware that decisions on the implementation of external operations are risk and that such decisions significantly affect company performance . Management of supply chains is an important part of the value chain by Porter , who developed a model to determine the development of rival advantages. Porter stresses the need to identify competitive advantages seen in the company as a whole. Cost-effectiveness and successful differentiation are important factors in the chain of activities for the success of companies that bring value to customers. In the Internet age, the value chain has become a basic tool for understanding the impact of information technology on business. The company starts to integrate the value chain and entire value system, which includes suppliers, distribution channels and consumers. Importance of Supply-Chain Management SCM and customer relationship management CRM is to bring together applications, which include consumers, distribution channels, supply links for ordering example, production orders and deliveries. Development of new technologies to further product development or integration services and exchange of complex models among partners and consumers, which build on the exchange of information through social media. The show began after the onset of the need for identifying the impact of social software solutions upon knowledge management and determining the value of knowledge in enterprises , , . Von Krogh , points out that the SM leads to the fact that we are not talking about knowledge management, but about enabling access to knowledge. Social tools are in fact opening channels of communication with businesses, universities, research institutes, suppliers, customers, users, competitors, etc. This theoretical overview ended with description of the quite new concept of the creative economy. It connects creativity, knowledge and innovation economy. The concept is to encourage investment in innovative technologies and to encourage a period of recession, a new economic cycle and stimulate economic growth . The importance of new technologies for the business development Software applications based on the Internet are entering into all aspects of industrial and service sectors. Web technology provides better opportunities for companies to create strategic priority positions, than they could before any other information technology . An issue that Porter , exposed is how to use the Internet in a way that will influence an increase in economic value? The author exposed two factors that determine profitability: industry structure and sustainable competitive advantage; a universal factor which exceeds any form of technology or business. Their effectiveness varies from company to company and from industry to industry. The Internet has an important impact on business development and in connecting relations in business to consumer (B2C) and business to business (B2B). Thus it has gained an important role in company performance and thus results in profit, which depends on the specifics of individual companies or industries. The expansion of online p ortals and blogs is increasing the communication among Internet users (potential customers). This leads to an exchange of opinions on the quality of products or services. The Internet has influenced the development of relations between consumers (C2C), which has a significant relationship to the creation of consumer perception of the quality of brand or company reputation. Progress and development of Web technology have an enormous impact on the evolutionary changes in social, economic and cultural fields . A capacity to adapt is conditional with changes in organizational behavior such as with the initiation and adaptation of technological innovations . CRITICAL INFRASTRUCTURE eeffeeeeeeeeccddddd+++++*****INFRASTRUCUTRE interactivity applications Growth of do commerce on demand connect communicate collaborate real time on demand (from) distance *Critical infrastructure: IT developments and breakthroughs Organizations have to adapt to changes in env ironment if they wish to survive. In the 21 century we are witnesses to global warming and climate change. Society and organizations are looking for solutions within the concept of sustainable development, which will affect all levels of contemporary culture organizations, whose task will be a close relationship with global challenges. Private organizations will need to consider how environmental responsibility starts in their basic concept of development and this will also affect the organizational culture . In cultural fields organizations are exposed to cases of managing the culture and limiting behavior of group members through sharing the same norms. In todays increasingly networked and virtual world one must be aware that each group consists of members coming from different social background, ethnic group, country, etc All this affects in to the culture of the organizations . Launch of new ICTs in the knowledge-based industry The knowledge-based industry achieves its performance with the ability to develop new knowledge and the use thereof in the development of new products and services. Within organizations, the emphasis on knowledge management, and the processes within an organization geared to the development and dissemination of knowledge throughout the organization. An essential role in these processes is played by the workforce at all levels of he organization; whose ideas and insights serve to create knowledge, and the organizations competitive advantage (A Dictionary of Human Resource Management 2008). Between knowledge based industry classified automotive industry, information industry, pharmaceutical and healthcare industries and media and entertainment industry Phenomenon online platforms that represent social media (SM) (Table 1) have acquired a large force in 2004, when Facebook announced: We give people the power to share and make the world more open and connected . During this peri od a new form of social media has formed, Twitter, which currently has a billion registered users who generate 175 million messages (tweets) daily. Use of online media is growing people and organizations use them for self-promotion, dissemination and the exchange of information users express their opinions, criticisms and compliments and straight communication . TABLE I: examples of social media for business 1. Social-Media/Social-Bookmarking Sites: for share favorite sites on the Web with potential customers and business partners by commenting on, uploading and ranking different news, articles and company blogs. Reddit, Digg, Del.icio.us, Technorati, Ning, Furl, WikiHow, Youtube, Ma.gnolia. 2. Professional-Networking Sites: online networking communities for companies or individuals for promotion, recruiting, business opportunities. Linkdeln, Xing, Focus, Facebook. Ecademy, Research gate, Plaxo 3. Niche Social-Media Sites: sites convenient for linking up for att ainability business target audience. Pixel Groovy, Mixx, Tweako, Small Business Brief, Sphinn 4. General Social-Media Sites: opportunities for advertise, promotion etc. Wikipedia, Newsvine, Wetpaint, Twitter 5. Job sites: suitable for searching for high qualified candidates. CareerBuilder.com, The Wall Street Journals CareerJournal, Sologig Todays knowledge society, in addition to knowledge-intensive processes, is including the benefits of creating and finding new information with communication technologies. Following the implementation of new web-based solutions (Web 2.0) the term Enterprise 2.0 has been established for companies using new technological solutions that include digital media and social software solutions for business purposes , . Social media tools enable the creation of new forms of connections and contribute to the maintenance of social connections (networks). It has never been possible to share mutual information and knowledge so quick ly on a global scale. Social media allow instant transfers of video and picture material, as well as maintaining blogs. This gives rise to the joint efforts of the public resulting in a new, often freely accessible database of information and knowledge. The design and structure of social media links the development of digital media technologies (e.g. digital signage) and the decline in prices increasingly influence in facilitating the transfer of information events in ways not previously possible (e.g., corporate television, video portals, etc.). Social networks are growing in different environments and strongly influence the changes in society, technology and business practice , . e commerce New IT capabilities competitive strategies efficiency of operations social networks rule of management Companies should be aware that the customers (internet tools users) are becoming the new marketers (viral marketing: mouth to mouth communication + SM), with extensive o pinion-leading talks about the brand (table 3) . All these factors come together through social media to create an external image of the company, which will depend on its reputation and consequently, the value of the firm (e.g., informing the interested public through the website if a corporation, showing the relationship to both owners and the media and consequently, affect the value shares) . Organizations have no influence upon customer publications through social media. They can only publish a retaliatory explanation later and try through to decrease potential damage to their image. Viral marketing has had an influence on reducing the role of PR and marketing agencies. Technology today allows companies to create personal communication blogs, or use other similar social platforms. Companies can even invest in their own social programs and store and transfer them via digital media. Social media Customer Viral marketing Customer Viral marketing Customer Organization Fig. 1. Social media communication The development of the management skills based on the influence of technological change which lead to existence of the concept of KM 2.0. Von Krogh , notes that in the context of the impact of social software solutions onto the generation of KM and upgrades to increase the added value of organizational knowledge, there is a need to focus on: Ã ¢Ã¢â¬Å¡Ã ¬ÃâÃ Identification of indications of how people adapt their communication with the external environment in terms of quality, distinctiveness and ownership of data, information and knowledge, Ã ¢Ã¢â¬Å¡Ã ¬ÃâÃ How people account for the risk of sharing their content with strangers. Are people receptive to the issues of ownership and transfer of data between strangers (the problem of transmission of information from researchers and developers on outside experts to help create the so-called open innovation? Ã ¢Ã¢â¬Å¡Ã ¬ÃâÃ How it affects the takeover or merger of the development company that owns the new technologies developed by its members to communicate with experts in acquiring. The impact of social media to value added in knowledge-based industries Knowledge is already seen as the key factor of a sustainable competitive advantage in the new economy. An organizations need to develop an organizational culture to raise the level of awareness of employees to create and share knowledge is the basic concept of business, allowing further growth of the organization. An organizational culture based on sharing knowledge, providing opportunities for the development of KM processes, which are closely associated with the creation of added value is essential , . The organization has to take its objectives into account, their knowledge and know-how from the environment, to establish a policy to customer relationship management (CRM) and suppliers, develop a marketing strategy that provides market positioning and design of brand loyalty. These resources constitute social capital, which occurs in two forms: as an internal adhesive to create the organizational culture or as an external agent relationship. Keeping these two forms of social capital requires different approaches to individual forms . Social media has become an important source of knowledge and enables the creation of the content value chain. This is achieved by linking complementary organizations and respective organizations with their distributors and customers , . The purpose of networking between organizations is the tendency to develop and implement technology solutions and processes that will enhance the organizational added value and bring added value to the customer in the form of utility value. Linked organizations that constitute the value chain have to reach decisions on strategies to increase the added value (e.g., acquisition, accumulation and divestment) with a consensus with partners. In order for successful participation to occur in the value chain, organizations have to identify common goals, be complementary and trust each other . Knowledge that is transmitted through social media will impact favorably on added value provided that the information delivered to the customer at any moment will be of sound quality, accuracy and up-to-date.. The increase in the effective implementation of the dissemination of information via the SM (Facebook, Twitter, Youtube, proprietary platforms, etc), Increase the dissemination of information on the advertised product, service, etc Organizations must ensure that the flow of information through social media is properly secured, and that they will not lose their knowledge . With such policy the use of SM in the field of marketing communication in knowledge based industry will increase the reliability of the information and the general perception of loyalty to the brand and the organizations good name. This will increase the ROI of social media compared to classic media . Consequently this will lead to higher added value in knowledge based industry. Management changes Processes of creation Results the value added with SM HRM Techn ological development enabling the aces to knowledge financial performance Enterprise infrastructure Relations in supply change feedback Marketing trading non financial B2B, B2C and C2C performance Service unconscious marketing BSC, human capital Unwanted marketing (spam) Conclusions The emergence of the Web in the new economy has highly influenced the development of new forms of communication and socializing. With the expansion of social media during the innovative economy there have been qualitative leaps in the communication and transmission of information. Social media has changed the focus on KM from managing the knowledge to the providing of the access to knowledge. Social media allows access to data and video information to a broad range of potential consumers. The proper marketing communication strategy using SM allows both a permanent presence in the IT ecosystem and quick response to any negative responses to the public. The inexpensive media campaign over the SM reaches a relatively large volume of potential consumers, indeed in any time of day and affects the higher ROI than by the use of traditional media. Consequently, it affects the higher value added to the organizations. Literature review A Dictionary of Human Resource Management. 2008. E. Heery and M. Noon, Ed. Oxford University Press. [Online]. Available: https://www.oxfordreference.com/views/ENTRY.html?subview=Mainentry=t162.e679 P. Andre, M. Bernstein and K. Luther, What Makes a Great Tweet? Harvard Business Review, vol.90, no.5, May 2012, pp. 36-37. C. Antonelli. 2003. The Economics of Innovation, New Technologies, and Structural Change. London, GB: Routledge, 2003, ch. 2, pp. 82 Http://www.oxfordreference.com/views/ENTRY.html?subview=Mainentry=t162.e679 M. Assen, B. Gerben and P. Pietersma. Key management models: the 60+ models manager needs to know. Harlow, GB: Pearson Education, 2009, pp. 70-71. C.H. Baird and G. Parasnis, From social media to social customer relationship management, Strategy and Leadership, vol. 30, no. 5, pp. 30-37, 2011. Y. Benkler. The wealth of networks: how social production transforms markets and freedom. New Haven, Conn., US: Yale University Press, 2006, ch. 3, pp. 358. A, Bertoncelj, M. MeÃÆ'Ã¢â¬ ¦ÃâÃ ¡ko, A. NaraloÃÆ'Ã¢â¬Å¾ÃâÃ nik and B. Nastav. Sustainable development of the organization: economics, socio political and ecological aspects. Ljubljana, SLO: GV zaloÃÆ'Ã¢â¬ ¦ÃâÃ ¾ba, 2011, ch. 1, pp. 57. A. Bertoncelj, D. KovaÃÆ'Ã¢â¬Å¾ÃâÃ and R. Bertoncel, Success factors and competencies in organisational evolution, Kybernetes, vol. 38, no.9, pp. 1908-1917, 2009. S. Blaschke, D. Schoeneborn and D. Seidl, Organizations as Networks of Comminication Episodes: turning the Network Perspectives Inside out, Organizations Studie, vol 33, no. 7, pp. 879-906, July 2012. P. Bisson, E. Stephenson and P. S.Vigurie (October 2010). The global grid. McKinsey Quaterly. [Online]. Available: Https://www.mckinseyquarterly.com E. Brown. Working the crowd: Social Media Marketing for Business. Swindon, GB: British Informatics Society Limited, 2010, pp. 7-13. J. Coyle, J. Langlet, B.Gibson, R. Novack and E. Bardi. Supply Chain Management: A Logistics Perspective, 8th ed. Florence, KY. South-Western Cengage Learning, 2008, pp. 189. I. N. Dubina, E. G. Carayannis and J. F. David, Creativity economy and a crisis of the economy? coevolution of knowledge, innovation, and creativity, and of the knowledge economy and knowledge society, Campbell Journal of the Knowledge Economy , vol. 3, pp.1-24, 2012. D. Evans, Social Media Marketing: An Hour a Day. Indianapolis, US: Wiley, cop., 2008, pp. 42. S. Haefliger, E. Monteiro, D. Foray, and G. Von Krogh, Social software and strategy Long Range Planning , vol. 44, pp. 297-316, 2011. J. Heizer and B. Render. Operations Management, 9. ed. Upper Saddle River, N.Y. : Pearson Prentice Hall, 2008, pp. 464. D. L. Hoffman and M. Fodor. Can you Measure the ROI of Your Social Media Marketing? Mit Sloan Managament Review, vol. 52, no.1, pp. 41-49, January 2011. C. Garwin. Building a learning organisation, Harvard business review on knowledge management, spe cial issue, vol. 71, pp. 78-91, July/Aug 1993. R.S. Kaplan and A. Mikes, Managing risks: a new framework, Harvard Business Review, vol. 90, no.6, pp, 49-60, June 2012. M. Kuula, A. Putkiranta and J. Toivanen, Coping with the change: a longitudinal study into the changing manufacturing practices, International Journal of Operations Production Management, vol. 32, no.2, pp. 106-120, 2012. A. Li, Social Media and Supply Chain Management: Dont Copy. 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Sheehan. Value creation logics and resource management: a review, Journal of Strategy and management, vol. 4, no. 1, pp. 5-24. M. E. Porter, E. Competitive Advantage: Creating and sustaining superior performance. New York, US: Free Press, 1985, pp. 45-48. M. E. Porter, Strategy and the Internet, Harvard Business Review, vol. 79, no. 3, pp. 62-78, March 2001. M. P. du Rausas, J. Manyika, E. hazan, j. Bughin, M. Chui, R. Said (May 2011). Internet matters: The Nets sweeping impact on growth, jobs, and pros perity. McKinsey Global Institute. [Online]. Available: https://www. Mckinsey.com/mgi V. Roblek, The strategy for the establishment and maintenance of managerial-entrepreneurial networks, Management, vol. 2, no. 3, pp. 231-251, Autumn 2007. W. J. Rothwell, J. M. Stavros, R. L. Sullivan and A. Sullivan. Practicing Organization Development: A Guide for Leading Change, 3rd ed. San Francisco, US: Pfeiffer 2009, pp. 271. E. H. Schein. Organizational culture and leadership. 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Friday, May 15, 2020
Sample details Pages: 1 Words: 379 Downloads: 5 Date added: 2019/04/08 Category Society Essay Level High school Tags: Teenage Pregnancy Essay Did you like this example? Teens these days spend an astonishing amount of time on social media and watching television. Theses are highways to their perception of the now and whats cool.and may times are misleading or can be detrimental. Something so innocent as a picture of themselves could ruin an entire day. DonÃ¢â¬â¢t waste time! Our writers will create an original "Teenage Pregnancy in Todays Society" essay for you Create order These young easily swayed minds will focus on the one negative comment and ignore the fifty positive likes. ADD We can take a look at the Teen mom television series. The show demonstrates a lot of immature and negative family scenarios. There is constant arguing, lack of accepting responsibility as well as an overall immature mindset. One could also see the positive scenarios a teenager might focus on while engaged in the show, they become famous! The reality is this fame is short lived and many times becomes an unwelcome entourage. According to the CDC, in 2016 the State of Arkansas ranked #1 when it comes to teenage pregnancy and across the US, hispanics lead with the African American ethnicity following closely behind. One thing to look at is the family orientation. If an individual comes from a loving, nurturing and supportive family one may think these individuals would be less likely to take such risky behaviors so lightly. Although open communication may be tough, it is the one way for a parent to know the information being given to their teen is accurate. Yes in todays school sex education is taught, but how many teens really ask questions in front of a classroom full of peers? Parent have to explain that there are no 100% effective contraception methods and it is up to children whether to break their lives without bright future or not. Intervention and proper educating offerings may assist in bringing awareness to these teenagers. If school offered proper sexuality education programs, it would assist teens along with many unfamiliar aspects of curiosity and also alleviate the awkward mom and dad conversations. Through being properly educated, we can help them to explore feelings, human development, dating, gender roles, sexual expectations and consequences, and safe sexual practices. In addition, teenagers need guidance when entering adulthood. So many choices made in their teen years affect who they become as an adult, college, friendships, pregnancy are only a few of the major facets.
Wednesday, May 6, 2020
Operations Management Analysis for Walmart I. Introduction Walmart is a multinational retail store based in the US. According to the Fortune Global 500 in 2015, it is the worldÃ¢â¬â¢s largest public corporation. Its operations are organized into three divisions: Walmart Stores US, SamÃ¢â¬â¢s Club, and Walmart International. The company has nine different retail formats, including supercenter, food and drugs, and membership stores. According to Yahoo Finance, Walmart is in the industry called Ã¢â¬Å"Discount, Variety StoresÃ¢â¬ . This industry has a market capitalization of $4,980 billion. Along with Walmart, Target, Costco, and Dollar General are all included in this industry. The objective of this report is to analyze how Walmart maintain competitive advantages and achieve business success through its effectively standardized operations and supply chain management, and identify the current and potential risks or issues that it suffering recently and may encounter in the future business. This analysis will primarily emphasize on three operational activities of Walmart which include quality management, product and service design, and inventory management. II. Methodology: The process involved a few key steps, outline in detail in the main discussion below. First, analysis of Walmart and its operations was performed considering its current strategies, strengths and weaknesses, and growth potential as compared to the competition. 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Managers must communicate and infuse a high-performance mentality in their employees, while creating an organizational culture which promotes teamwork and competitiveness for the overall betterment of the organization. To aid managersRead MoreInternal Analysis : The Boston Group Matrix1560 Words Ã |Ã 7 Pages INTERNAL ANALYSIS (CH) The internal analysis focuses on the strengths and weaknesses inside a company or organization; it helps determine what the company is capable of. There are many tools that play a part of the internal analysis but the three main tools used in an internal analysis are the Boston Consulting Group Matrix, the Value Chain Analysis which includes primary activities and support activities inside the business. Another big part of the internal analysis is the Financial Ratio AnalysisRead MoreChina: The Start of a New Era for Wal-Mart Global Expansion1514 Words Ã |Ã 6 PagesWalMart in China Introduction WalMarts approach to global expansion exemplifies the journey of self-discovery many corporations who have a stable, profitable domestic base of operations go through as they attempt to enter new markets globally. For WalMart this meant confronting the exceptionally high level of ethnocentrism in their organization while also using their analytics-based prowess to better understand cultures, not just costs and profits (Ming-Ling, Donegan, Ganon, Kan, 2011). TheRead MoreWalmart s Pricing Strategy And How It Works991 Words Ã |Ã 4 Pagesproducts to the ordinary customers at lower prices than its rivals (Woohyoung Alan, 2013). In other words, Wal-Mart has kept its promise Ã¢â¬Å"everyday low pricesÃ¢â¬ as a sustainable selling point (Walmart, 2015). At Wal-Mart, Price is the core factor in most of foreign markets that it has established operations in addition to the United States. The other 3 countries which are included in this report (namely South Africa, Germany and Japan) are all implementing the policy of EDLP. Sam Walton, the founderRead MoreAnalysis Of Walmart Stock Prices Over A Two Year Period1653 Words Ã |Ã 7 Pagesresearch paper aims to forecast Walmart stock prices over a two year period. But because stock prices are more substantial when they are presented either in monthly or weekly data, the paper will be forecasting over two years but on a monthly basis i.e. Walmart stock prices is forecasted over a 24 month period. Before we get into details about the paper, Walmart is one of the largest retail stores in the US with branches in other countries either bearing the name Walmart or some other names like Game
Tuesday, May 5, 2020
Question: Discuss the favoritism policy, corporate corruptions, recognizing the Slippery Slope and prevention of ethical breakdowns? Answer: Introduction The ethical breakdown is considering the effective maintaining of responsibilities by the employees and other internal stakeholders. Moon (2012) stated that the responsibilities maintaining is the key to contribute success, values, visions to the organization. The ethical standards provide the justification about the rights and the wrongs regarding the value sharing of the organizations, which enhances the productivity as well as the profitability of the organization and work as a driving forces for leading towards success. The essay will be reflecting the different steps concerning the ethical breakdowns and the process of preventing them for the development of the companies. This is even subject to develop both the personal and the professional skills of the employees working together under the same organization. The Favoritism Policy For considering the business ethics, it is very much important to maintain the standards with the proper implication of the moral developments. Tolchin Tolchin (2011) suggested that in churches, school or work, it is required to maintain the ethical behavior for bringing the progressive attitude. It has been seen in todays date, the practices on media, televisions and other related sources have been indulged into unethical implications. Even in the business organizations, the act of favoritism also portrays the unethical concerns more specifically. For example, the management of the business sometimes faces several troubles while favoring any particular group, team or person. The problem arises mostly when the other teams or groups are aware of this favoritism policy. Campbell (2014) mentioned that it can be named as circle of influence, while on the other hand, a group of people considered it as untouchable group. Corporate Corruptions Friedland (2012) explained that the business managements are more likely maintaining the business ethics for making the progressive approaches for the business organizations. However, some of the business corruptions have spread out in wider way. Some of the leaders get special preferences direct form the top management, which affects the work performance of the employees. Some of the leaders even are so biased that they do not even keep eyes on the rules maintaining of the employees considering the ethical standards. The corporate corruptions have become much prominent in few more business cases. For example, in the year of 1970, the car production company by Ford Pinto faced such accident for the collision of leaked fuel, which exploded into flames. Many people were killed as well as injured without being recalled for the correction. The further investigation on such cases revealed the direct competitions with Volkswagen and other several cars manufacturing companies, Ford had to r ush in indulging the poor material in manufacturing such automobile products. This was the callousness, dishonesty and greed of the leaders of Ford, which harmed many peoples lives. Recognizing the Slippery Slope In most of the cases, the management leaders fail to recognize the gradual erosion of the employees ethical standards. Miller (2012) opined that this leads the organization towards the increasing level of the major infractions and in most of the cases, it gives the rise to the violations. For example, the accountant of a large organization is assigned with the entire auditing purposes and has to present the financial statements. They can approve the high estimate in accordance with their profits. On the other hand, as mentioned by O'Leary (2014), the act of exaggerated increment of the estimation, they can be charged $5. In such cases, the changes in slippery slope make them blind and lead them towards dishonesty of increasing the estimation. Prevention of Ethical Breakdowns According to Tolchin Tolchin (2011), such closeness to the top management can create the internal conflicts among the employees since the management is treating not everyone equally. The differentiation in building the transparent relationship between the management and the employees give rise to the unethical behavior within the business scenario. Therefore, for preventing such breakdown of ethical behavior, the management of the organization needs to take the initiative and needs to maintain the equality (Friedland, 2012). The proper training session regarding the business ethics can also prevent the act of disobeying the ethical standards. The necessity of maintaining the ethical standards can assure the personal and professional skills development and lead the employees acquiring the honest approaches while working under the organizations. Conclusion It may be concluded by considering the essential approaches of the ethical behavior maintaining in workplaces, schools and other institutes. The corporate corruptions, favoritism policy, slippery slope recognition can be prevented by considering the maintenance of ethical standards and both the management and the employees are expected to follow the rules accordingly. References Moon, C. (2012). Business ethics. London: Economist. Tolchin, M., Tolchin, S. (2011). Pinstripe patronage. Boulder, Colo.: Paradigm Publishers. Campbell, E. (2014). Breakdown of Moral Judgment*.Ethics,124(3), 447-480. doi:10.1086/674845 Friedland, J. (2012). Beyond Empiricism: Realizing the Ethical Mission of Management.Business And Society Review,117(3), 329-356. doi:10.1111/j.1467-8594.2012.00409.x Miller, K. (2012). Is Ethical Behavior Good for Business?.IT Professional,14(1), 10-11. doi:10.1109/mitp.2012.11 O'Leary, M. (2014). Work identification and responsibility in moral breakdown.Bus Ethics Eur Rev,24(3), 237-251. doi:10.1111/beer.12072
Sunday, April 12, 2020
Polaroid Stories I have never been to a live play performance before, but I have seen one on video. I loved it as though I was reading a great storybook; being able to stop at anytime and pick up where I left off, but I never thought about the relationship between the performers and the audience. Nor did I think of the impact of all of the aspects that deal with creating a play and giving a great performance. For my first live play I went to go see Polaroid Stories; a play I thought would not be so shocking to a first time audience member. I was wrong; this play almost literally looked me in the face and slapped me. The play had the look of a run down playhouse that had little funding and little direction, but I later pieced it together that they made it part of the play, and obviously you are not supposed to see those who are back stage directing. Additionally, I over looked the performers' costumes, the stage lighting, and set design; everything I took for granted. I thought I could see the props and everything that was strategically placed or used, but I missed them all. I was surprised at how these people in charge took the look of a run down playhouse and made it their stage. This was life on life's canvas and it was totally different from watching television. Everything became so tangible and real. For a moment I lost my self and really got into the play. I didn't think I was watching a group of people on a set acting for my entertainment, I felt I was actually watching life. As if I stepped out of my body for a moment and walked the streets seeing the life of these street kids. You can't exactly get that from television; your mind is constantly running when you watch this play. The fact that the stage was right in front of me does not compare to television. If I took one step forward I would have been on stage, if I wasn't already. One of the actors I felt breeze by me, and I could smell the smoke of another actor's cigarette. I kept having the feeling I was there, that the whole stage was really outside. The stage was the one aspect that kept me believing. The way everything was setup, the closeness it brought between the performers and the audience, and the sounds it created when the actors walked across it or banged on it. I felt apart of the stage and I guess that is why I felt so close to the action of the stories, and how I got lost in them. Going to this play was a new experience, but watching this play was a crash course in the emotion you can actually get from the way everything is setup. This new media had an impact on me that you can not get from television. And I've come to the assumption that you can save lots of money by going to good theatres like this, than by purchasing surround sound for television. You can hear the closeness with all the speakers you need, but you'll never get that tangible feeling as if the performers or the stage are really there.
Tuesday, March 10, 2020
Crusaders essays The topic of the essay is whether I think that the first crusade was a war or a religious movement. That is a very hard question to answer. I think that it may have started out as a religious movement with all the religious frenzy that such a movement can convey. However, in my opinion the first Crusade was a war. It was a that was ostensibly using the freeing of the holy land and of helping Alexius as an excuse go to war. It was a grand cover up to gain territory. War has been used throughout most of history as an excuse. It became apparent to me that the first crusade was no exception. It was an excuse to garner land, and excuse to gain power, it was even used as an excuse to kill Jews. Even with the so-called religious leaders such as Peter the hermit. With the other leaders such as Bohemond and Raymond, Baldwin I found it was a much clearer view of their reasoning, at least to my mind. I want to analyze the motivations of the leaders of the crusades. For it is these motivations that lead me to the belief that this was just a war. I further more believe that even Urban himself knew that there would be many that stepped foreword that would use Urbans Crusade for political purposes including to a certain extent Urban himself. The calling of the Crusade was a political opportunity for Urban's pontificate, attracting loyalty from a wide range of disparate countries and asserting the Churchs role as a unifying force. That he was concerned about the leaders of his crusade once they were out of his sight is apparent. Why else would he have made so may statements about for you are also called shepherds see that you are not occupied after the manner f mercenaries (pg 51) or For if because of the sloth of your management (pg 52), and let those he said ,who are accustomed to wage private wars wastefully even against believers(pg 53). However, it is also apparent tha...
Sunday, February 23, 2020
Employment Law - Essay Example Those terms include the payment of 40,000 pounds annually and a discretionary bonus of 6,000 pounds provided he meets company deadlines. Although the bonus appears to be a flexible term in the sense that the company may at its discretion decline the payment of the bonus, the annual salary is a fixed term, agreed between the parties. A contract of employment is in many ways no different from a commercial contract in that it contains an exchange of agreements by which the parties are bound to observe.1 Like a commercial contract, an employment contract cannot be waived unilaterally unless the contract itself makes specific provision for variations of the type undertaken, although the contract may be varied by operation of statue without either partiesÃ¢â¬â¢ consent.2 On the facts of the case for discussion there are no statutory provisions applicable to DavidÃ¢â¬â¢s salary under the contract with C Plus. It therefore follows that the variation could not be effected by the employer without DavidÃ¢â¬â¢s consent. It would appear that C Plus may be erroneously relying on a Section 4 Statement under the Employment Rights Act 1996 which permits variation of a Section 1 Statement.3 A Section 1 Statement is typically issued following the initial stage of employment and sets out the terms of employment. A Section 4 Statement will reflect changes to a Section 1 Statement. However, since a Section 1 Statement is not a contract in and of itself, but evidence of the existence of a contract,4 an employer can only logically rely on the validity of a Section 4 Statement if the employee to whom it relates agrees or does not voice an objection to it.5 Even if the employer fails to voice his or her objection to the Section 4 Statement the court may still deem it ineffective.6 David did however, voice his objection to the variation of his salary under the initial contract and by doing so makes the Section 4 Statement/variation of the contract invalid.