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Management

Discussion: Ship and Yacht Management

Introduction Maritime navigation arrangements require a comprehensive and adaptive commercial solution designed to the needs and nature of the goods transported. Beef transportation demands that the exporter consider many aspects in selecting a reliable and efficient chartering vessel. Chartering is a contractual activity that involves a vessel owner and a...

Management

Transformational Paths of Change

Summary With the competitive nature of businesses today, organizations require well-thought-out mechanisms to face the numerous political, economic, and social challenges of their external environment. Alongside these pressures, organizations are faced with challenges caused by globalization, international legislation changes, technological innovation, acute skill shortages, and financial forces. Therefore, to remain...

Management

Operations Management and Its Importance

Introduction Operations management is central to the seamless control of the organizational process. The purpose of operations management in the manufacturing sector is to guide quality control and production planning. Quality-control processes, from assurance to management, ensure process efficiency and consistency. Among this applicability are Lean Manufacturing and Six Sigma,...

Management

Innovation and Business Survival in Times of Uncertainty

As with any endeavor, there is always an element of uncertainty in business, meaning that without taking a risk, a firm can never achieve its competitive edge. Therefore, a successful business owner must be able to accept and adapt to new situations flexibly (Thoha & Avandana, 2020, p.812). Some risks...

Human Resource Management

Employee Retention: Human Resource Strategies

Introduction Background of the Study Over the last few decades, the concept of human resource management (HRM) has continued to attract the attention of scholars, corporate leaders, policymakers, and other experts in the business and management realms. As competition in almost all sectors and fields continues to increase, employees have...

Human Resource Management

Labor Rights in Factories in Third World Countries

Introduction Nowadays, many Western businesses locate their production plants abroad, which helps both domestic customers and employees by giving them a chance to make a livelihood. The economies of the nations with the lowest labor costs are typically seen as being in the formative stages, indicating that they lack some...

Management

Building and Managing Effective Teams

It does not matter how good a CEO or a leader of any organization is if their team is ineffective. Leaders of businesses have numerous responsibilities that require them to be mostly away from their offices. For instance, they must talk to investors or manage multiple other teams in different...

Management

Impacts of Operation Management on Marketing

Introduction As with any other aspect of manufacturing, quality control is crucial to the success of a final product. Once the production team has developed a product, the operations team will check that it conforms to the standards. Before releasing a product to the public, it must undergo rigorous testing...

Management

Lean Manufacturing and Six Sigma Tools

Introduction The manufacturing industry is one of the most competitive economic sectors due to intense rivalry from different players competing to produce quality products to meet customer demand. At the same time, managers have to balance quality concerns with cost considerations – a fete that some firms find difficult to...

Product Management

The Sleep with the Animals Service Marketing Plan

The product at the core of this marketing plan is “Sleep with the Animals” at the Toronto Zoo. The idea behind this service is that a person spends time in an outdoor guest room with the animals. Communicating with animals helps treat people suffering from physical or mental illnesses. Zootherapy...

Company Analysis

Business Data Analytics: SunnyBee

This entails an overview of key issues arising from the SunnyBee case study analysis. SunnyBee needs to align its business goals with the analytical objectives to enhance the performance of the company and minimize mismatches in its priorities. Sanjay and his father developed a data-driven company. The adoption of analytics...

Human Resource Management

Business Trend Report: The Rise of Remote Work

Remote work has been gaining popularity recently, but the COVID-19 pandemic has dramatically accelerated its adoption and changed how work is perceived. Remote work has many potential benefits for businesses and employees. This report explores the remote work trend and its impacts on businesses and employees. The drivers of remote...

Economics

Bread: Supply and Demand Analysis

Introduction Demand and supply determine the prices of products and quantities manufactured and consumed. Consumers will exhaust the available supply of a product by buying a specific product at a high volume. It results in a rise in demand, which in turn decreases the available supply. The essay explores how...

Human Resource Management

ABC Company’s Human Resource Management

Introduction Human Resource (HR) professionals play a critical role in promoting positive workplace culture, providing opportunities for career planning, and ensuring that employees feel supported and engaged. Effective communication is essential for HR professionals to fulfill their roles and responsibilities. Chat instant messaging tools can facilitate informal, yet accurate communication...

Human Resource Management

Implementing an Online Learning Platform for Employee Development and Profitability

Introduction The proposed project provides a self-paced online learning platform with training in specialized industry-related skills, career advancement, and leadership development to address the shortage of essential abilities and behaviors in employees. This approach is economical, adaptable, and advantageous to businesses and people. Businesses can increase efficiency, production, work satisfaction,...

Human Resource Management

Java Corp Addressing Employee Retention and Turnover Issues

Introduction Employee engagement, retention, and well-being are crucial to an organization’s success. In today’s fast-paced corporate world, effective practices and strategies for maintaining staff motivation, satisfaction, and dedication to the organization’s goals should be implemented to stay ahead of the competitors. This memorandum aims to make recommendations for improving Java...

Management

The Netflix Firm’s Change Management Position

Introduction Change management is the process through which an organization transitions from one state to the next. The main objective of such actions is the enhancement of the current status of an institution and its position to achieve future goals and objectives. The change management process facilitates the alignment and...

Human Resource Management

Professional Behaviors and Development

AC 1.1 The HR industry’s core resource is its workforce, which is why it is sometimes referred to as a people profession. In fact, advancements like information and communication technology (ICT) have made it possible for employers to handle a variety of corporate operations. However, success and motivation are built...

Finance

Subvention Mechanism of Non-Profit Organizations

Introduction In Hong Kong, most welfare services are not directly provided by the government but instead offered by Hong Kong NGOs. However, the government supports the NGOs in providing a wide range of core services through cash grants and other forms of assistance. This funding arrangement between non-profit organizations and...

Economics

Economic Growth and Gross Domestic Product

Introduction The rise in the output of products and services throughout a certain time frame is referred to as economic growth. The measurement needs to account for the removal of inflation. The rise in a state’s overall production, often known as its actual Gross Domestic Product (GDP) or Gross National...

International Marketing

The SOLA Company Entering the Chinese Market

Introduction The emerging economies of the BRICS nations have experienced phenomenal growth in recent years, transforming the global economy. According to Li and Liu (2021), China is the world’s second-largest economy after the United States, with numerous opportunities for domestic and foreign investors. China has a favorable business environment owing...

Leadership Styles

The Nature of Leadership in Business

Introduction The character of leadership in any organizational structure is the determining factor for the organization’s success. The direction and motivation of a leader are determined by the leadership style employed, which in turn facilitates and influences how an organization achieves its objectives. Different personality traits determine the level of...

Logistics

Aspects of Supply Chain Management

Introduction Project managers are essential to the success of tasks being completed in their company. This indicates that when organizing a project, the manager ought to be conscious of the project’s objectives and ensure that all parties agree. Businesses in today’s economy are under pressure to reduce costs and boost...

Marketing

New Market and Social Media Analysis

Introduction Data collection involves the acquisition of information through systematic observation or measurement. Regardless of who the research is intended for, gathering data provides the opportunity to gain first-hand knowledge and fresh perspectives on the study’s obstacles. The study focuses on gaining insights into new markets and social media as...

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