There are several roles and responsibilities that Directors have to assume in a Corporate Business and some of these include the following: It is the Directors responsibility to: establish the company or organizations mission and purpose for without doing so may direct everybody in the company in the wrong direction; choose the Executive since picking the best leader will positively affect the performance of the whole organization; support the leader and evaluate his or her performance because constructive criticisms will be very helpful for him to become a better leader and so that he or she can motivate his or her subordinates as well; guarantee that useful organizational planning is carried out; make sure that resources are always sufficient; effectively handle resources; establish and keep an eye on the products/programs/services offered by the company or organization in order for it to be properly maintained or improved upon; increase or improve the "open image" of the company or organization to encourage, influence and persuade the clients to patronize the companys products or services; as well as evaluate his or her own performance or if he or she is able to carry out the aforementioned responsibilities (McNamara, 2007).read more
Groupthink refers to a situation whereby all the participants in the project are equipped with the necessary understanding of the progress of the project with a view of developing the best approach to achieve the set objectives. It involves communicating in one language. It therefore requires clear definitions of the objectives of the project. All the members working in the separate units as well as the divisions are harmonized together for the purpose of the solution of the problem at hand. They are therefore capable of solving the blame game whose detriments results to detraction from the search of the solution to the problem the success as well as the frustrations of the individuals in the group are acknowledged.read more
Given the increasing number of individuals in the United States work force who have been seeking employment with non profit institutions, which are organizations currently constituting the third sector of the economy, the importance of implementing a good nonprofit workforce becomes all the more relevant. Recent literature regarding this issue has identified certain key characteristics that are crucial to the maintenance of a good non profit workforce (Mirvis and Hackett 2003). Among these characteristics is the presentation of more challenging work, variety, satisfaction and intrinsic rewards.read more
Undoubtedly, one of the advantages of a wholesale apparel company is that it does not have to be involved in the manufacturing of its products. As Peter & Donnelly (2000, p. 166) note, wholesalers are mainly involved in buying and reselling or distribution of goods in bulk quantities to retailers or business organizations, who will in turn sell these goods to end consumers. Hence, a wholesale apparel company does not need to invest as much capital as a manufacturer does on fixed facilities such as plants and equipment and labor costs. Another advantage of a wholesale apparel company is that management and operating costs are relatively more simple and cheaper since the company only acts as an intermediary between manufacturers and retailers. However, a disadvantage of wholesaling is that wholesalers usually carry the risk of carrying large inventories of an assortment of products which may be subject to price reductions when not sold in a timely manner. Likewise, a wholesale apparel company will also face competition from other clothing wholesalers who may carry the same products from the same manufacturers. Compounding this problem is the fact that wholesalers will have difficulty in establishing differentiation since they have little control over the marketing mix of products particularly in pricing and promotion (eg. branding) since these are usually determined by manufacturers and the market. Clothing retailers’ increased ability to buy directly from manufacturers is also likely to undermine wholesalers’ position in the distribution channel (p. 168).read more
Previous years it was known that getting a tender means long life income. However as time progressed, the dynamics of business have evolved. It can no longer be assumed that by just providing technical services all problems are solved because it’s a constant process of multiple factors to build strong relations with clients. That is why in today’s world companies have kept an expert for client relationship as well. The function of these managers is to comprehend and meet the expectations of the clients on a continuing basis. In this way clients insight is positively persuade that the company is providing services in their best interest. (Source: Building Client Relationships)
Many aspects have to be looked at by these professionals for construction and preservation of effective relations. First and foremost is the focus that must be given on the process. The objective is to be seeing the bigger picture by not confining the services to just technical issues but that in realizing client’s basic requirements as well. By exposing their real needs from the start will enable more open deliberations of problems in hand. For it to actually happen, requires constant listening and asking queries as more deep responses from client will uncover their concealed plans. (Source: Building Client Relationships)
There are several methods used to calculate the value of a company. For instance, we can use the corporate valuation model or the dividend growth model. The dividend growth model involves the discounting of dividends and their growth. To be able to apply the method, current divided, growth of the dividend and the rate of return of the dividend are required.read more
The zero tolerance policy for drugs and weapons is not an effective in terms of community youth crime prevention. This is simply because such a policy does not serve the important role of identifying and mitigating the underlying factor, which lead to crime activities among the youth in the community (Hanson, 2000). The realization of a sustainable solution to a problem dictates for the resolution of the root cause to the problem. Community youth crime is evidently triggered by poor influence from other members of the community. According to available evidence, the problem of drug abuse among the American youth population is blamed on the availability of such drugs in the community (Marshall, 1999).read more
The 1987 ZZZZ Best Carpeting Fraud case involved Barry Minkow and his two business associates. At the age of 16, Barry Minkow initiated the ZZZZ Best Carpeting cleaning business at his parent’s garage (Lieberman). According to investigation report evidence, the company did not make profit and mainly operated on borrowing funds (Wells 16). In a way of engaging loan givers, Barry Minkow opened a fictitious fire and flood damaged buildings restoration business, a company which he listed in the public stock market within a short period. According to the same reports, the stock shares of the restoration business rose from 5cents to $18 per share at an extremely abnormal short duration of time thus accounting for an estimated 80 percent of ZZZZ Best company earnings (Akst).read more
The Burger King Whopper has been a staple of the American diet since its creation in 1957, when it sold for 37 cents. The original Whopper consists of a sesame seed bun, with a quarter-pound grilled ground beef patty, lettuce, tomato, onion, pickles, mayonnaise, and ketchup. Whooper variants are available, and although they may be a little pricier, they hardly cost any more to produce. The most notable variant is the Whopper Jr., which is just over half the size of the original. Successful marketing of the Whopper has been an ongoing process since its introduction to the Burger King menu, and competitors of the fast food joint have been trying to mimic the enticing qualities of the burger for many years. McDonald’s and Wendy’s have provided Burger King with the fiercest competition, and there is no doubt that McDonald’s Big N’ Tasty, (as well as other similar burger sandwiches, such as the Big Mac and the Quarterpounder) and Wendy’s Big Classic sandwich have taken some of the Whopper’s success away, but none of its competitors have ever been as successful as this original sandwich, available at Burger King.read more
Organizations have been in the need for discipline in the business environment. Effective performance requires the maintenance of discipline (internally and externally imposed) by managerial and non-managerial personnel. Workplace regulations typically are rigid and detailed, raising their costs for business yet reducing their effectiveness at protecting workers. Policies to increase the supply of skilled workers are important but may not be sufficient unless jobs are available that utilize the enhanced skills. Skills alone may not lead to high wages, high productivity, or even interesting work. We need labor market policies to enhance the trend toward workplaces that rely on high levels of skill, lifelong learning, and continuous skill improvement.read more
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