Amongst many dilemmas that we face today, although communication is easier than ever, yet it is being increasingly difficult for us to maintain conversations face to face. Interaction is becoming increasingly digitalized, where most of us choose to rather send an e-mail, than arranging a...
What other factors should Marvin and his team consider? To bid or not to bid on a job is a strategic decision for Marvin’s organization. The factors which Marvin has taken into consideration so far before bidding are – 1. It is a long term...
Steve Jobs returned to apple after twelve years a revitalized leader having left the corporation in 1985 after an internal dispute. Thirteen years later apple has transformed through his leadership to the top computer company having surpassed Microsoft in year 2010. Much study has been...
Operational risk is a risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. It includes legal risk, but excludes strategic and reputational risk. Operational risk management has always been a complex function for banks. Today the scope...
Candle Making is a fun hobby and enterprising business venture for others. There are basic supplies you need in order to make candles. All candles require three essentials – wax, wick, and a candle holder. Since candles can be made in various shapes, styles, and...
Deepwater Disaster Plan Failure Risk management failures were a core factor leading to one of the largest oil well disaster in the Gulf of Mexico, US. The Deepwater explosion, in May 2010, killed 11 men and left miles of Louisiana coastline coated in oil, wreaking...
Proper workflow has to be maintained for the business operation to achieve organizational goals. Implementation of Workflow management system (WFMS) is very important in today’s IT interwoven business process management. Benefits of a workflow management system are improved communications, cost reduction, error mitigation, employee success,...
Prosperity of modern business is more intricate than decades earlier. Previously, an entrepreneur only neeeded to manufacture or source merchadise and and retail at high traffic points, but due rising agent-customer problems the market grew more concerned about quality of services and goods offered by...
Chen & Chen (2014) explored the relationship that exists between leadership, service quality and customer satisfaction. The three aspects relate to each other because good command prompts the employees to work well hence produce the best services and in return, lead to the satisfaction of...
It falls upon leaders to examine the current state of their organizations in contrast to where they need them to be headed so that they can assess whether or where change is required within their organizations. While the process of creating change can be difficult,...
The functions of managers and the role of leaders make the corporation work in the required direction towards the fulfillment of the objectives of the corporation. There are many functions of management along with different traits and types of leadership that assist in the appropriate...
Decision making and team theory is a study that advises how to make the best choices with the distribution of expertise among the team members. Identifying the decision is the first step in decision-making that defines precisely the nature of choice that one must take....
Operation management can be defined as “a configuration of resources combined for the provision of goods or services” (Morris, 1978). It involves planning, organizing, and supervising processes, and make necessary improvements for higher profitability. There must be some adjustment in everyday operations to support the...
Today, the world finds itself in the midst of a global leadership crisis. Between Donald Trump, Vladimir Putin, Theresa May, Angel Putin, Angela Merkel and so on through to captains of industries such as Jack Ma, Jeff Bezos, Frederick Smith, and Carlos Ghosn, there is...
Introduction Free College: Independence, Leadership, Equality. These are three characteristics that free university education can provide to citizens. Higher education should be free of charge for the citizens of the United States. In the US, the average cost for colleges per year is $8,893. Many...
Integrity can be defined as soundness of character which involves inculcating moral and ethical principles as well as upholding honesty (Cox, 2015). Apart from job competencies and expertise, every manager ought to possess integrity. Integrity is synonymous with honesty and trust. Managers are accountable to...
Cesar Chavez was a great leader. He fought for equal pay for underpaid and vulnerable farm workers. He led boycotts and strikes. He stood up for people who were too scared to stand up for themselves. And in all this he still remained non violent....
The private sector is faced with numerous ethical issues on a daily basis. Most of these dilemmas come out of managerial approach and personal style of leadership while other have their origins in different day to day situations. The dilemmas come off problems that make...
Despite the brevity of this course, I believe I’ve gleaned an equal or perhaps even greater amount of knowledge compared to longer ones. In my view, business ethics is an indispensable subject. While not all of us may become managers, individuals working within a company...