of raw data which records the events as they take place in every miniscule of an organization or an institution. Knowledge is power. The flow of information is considered to be an extremely powerful tool at the disposal of men at all levels of a business enterprise. However, difference between communication and information flows must be understood clearly. Whereas communication is a two way process, information is a one-way process. It is, therefore, half of the process. Yet it is used very…
For assignment 5.1, I chose to interview Jake Carmany, Business Manager at Norton City Schools. I have to say that I did not realize the amount of tasks and responsibilities this role entails. Jake explained that he is responsibility for all classified staff (i.e. maintenance, custodial, aides, food service, and transportation). However, Jake relies heavily on the supervisors of each area to complete the daily tasks. He gave the analogy of the superintendent and principals; in regards to…
Brigham, Sorenson and Lumpkin (2012) summarized the data from 12 years of family business research and they found that family firms are mostly characterized by a long-term orientation, as revealed in a governance focus on strategic and succession planning. A firm becomes a family firm when the owners decide to keep business ownership in the family for the long term, as opposed to shutting the doors or selling the business to investors. Thus, to sustain the long-term viability, they focus on…
I wanted to start out by saying that since I am not employed at this time, I will be using a company that I have worked for in the past as my example for this week's discussion question. My example is related to the Little General convenience stores, which are currently owned by Mike Cox and the Cox Oil Company. Their main headquarters are located in Union City, Tennessee and their Vice President is Barry James. Being employed by the company from 1993 to 1997, the first job title I held was as a…
Manny couple's decision of keeping up the business without selecting the simultaneousness with Australia's TAX and business government and considering the same name for business, thusly knowing the name is definitively assigned to retail based business in Perth in past are having certifiable announcement for them. As indicated by the showing No. 126 of 2011 "Business Names Registration Act", it's an offense accomplishing business without selecting and clandestinely are subjected to teach under…
The case study clearly shows the firm’s business strategies, their opportunities as well as their competitive advantage in the market. That notwithstanding, there are a lot of limitations that encounter the specific firms. Clearly, the merger which was facilitated by Marsh & McLennan was a move which was both an advantage and a disadvantage. This was majorly due to the fact that either companies or firms had an entirely different set of employees both in age and experience. On its side,…
applying the problem solving process in business. They will predict sales, expenses and profit based on trends in the past. The “Eatery Business Trend Analysis” captured all the intelligences except musical. Verbal intelligence was used in interviewing the eatery owner. The interpersonal is also addressed as they cooperate and collaborate with team mates and in being amiable, presentable and courteous in interviewing. For the learning styles, “Eatery Business Trend Analysis” made use of…
Ethics and Business Ethics is a branch of philosophy and is considered a normative science as it is concerned with the norms of human conduct. It is the conception of right and wrong behavior, defining for us when our actions are moral or immoral. Business Ethics is the art and discipline of applying ethical principles to examine and solve complex moral dilemmas. A business is considered to be ethical only if it manages to reach a tradeoff between pursuing its economic objective and fulfilling…
Starting a dietary supplement business can be a daunting task for many. It involves choosing the right manufacturer and keeping your business relations healthy in addition to ensuring that you follow the best practices for product development, marketing, legal obligations, sales, and customer service. In such conditions, you always need to check whether you are wasting your money with the wrong dietary supplement manufacturers. The considerations must be carefully carried out right at the time…