Essay Motivation In Business

Essay Motivation in Business
Motivation in Business
Thesis: Organization member can be effectively motivated by organizational leaders
Motivational Styles
Motivation is the ultimate goal of management in business, and the topic of multiple seminars, books, and videos. Engendering the emotional energy
of frontline workers is the most difficult challenge facing organizational leaders worldwide. The is a difficult task because "most frontline employees
work for a regular paycheck and nothing more; they never emotionally connect with their employers, let alone care about the company's long–term
performance." (Katzenbach) By following the principles employed by successful organizations, organization member can be effectively motivated by
their...show more content...
Johnson Controls, Hill's Pet Nutrition, and Toyota were cited as examples of companies that employ this motivation technique effectively.
An equally valid generator of emotional commitment to the organization is to engage the entrepreneurial spirit. This can be achieved by supporting
personal freedom, giving opportunity for high earnings, and having few rules about behavior. Organizational members are allowed to choose their work
activities and take significant personal risks. This autonomous work structure puts individuals in control of their own destinies – those who savor the
high–risk, high–reward work environment will flourish in this type of environment. Examples of companies employing this method are Hambrecht &
Quist, BMC Software, and Vail Ski and Snowboard School.
Motivational Implementation
The tenor of the membership in an organization is set from the inception of the relationship. Employees should be invested in from the first day on the
job. Watching a video and reading the mission statement are not enough – this is the best chance to inculturate new employees so that the values and
mission of the organization are made personal and a part of the individual. Because of the importance, training should be done by the leaders who best
exemplify the organization's values and mission, not nubile workers who barely understand the organization themselves. The importance of stressing
values cannot be

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Essay on International Business
Today's world of rapid increase in and expansion of technology is the reasons for recent International Business growth. The rapid growth in international
business makes an understanding of organizational behavior all the more important for contemporary managers. Businesses have expanded
internationally to increase their market share, as the domestic markets were too small to sustain growth. Business transactions are also becoming
increasing blurred across national boundaries.
Companies engage in international business to expand sales, acquire resources, diversify their sources of sales and supplies, and minimize competitive
risk. When operating abroad, companies may have to adjust their usual methods of carrying on business. This is...show more content...
When dealing with international finance, risk is calculated in many different areas. Here, I will discuss the financial risks associated with international
business, with an emphasis on the risk of foreign exchange rates. Country Risk When a business decides to become an international trader, one type of
risk that must be examined is the country risk. When a company accepts or approves credit to a foreign customer, they are not only assuming the
foreign company's risk, but also the country's risk. Country risk analysis means determining the country credit–worthiness. In terms of the ability and
willingness of a foreign government to make available to local companies foreign exchange necessary to service their foreign currency denominated
obligations or debts to foreign suppliers. (www.bcfm.com/financial_manager/szabo%20internationalfm98.htm)
Mitigation of Country Risk
One way a company can help to mitigate country risk is by fully researching the foreign country they wish to do business with. This is accomplished
by conducting a country risk assessment. This assessment takes into consideration the probability of credit loss or delayed payment, and uses the
results to determine if the corporation will extend credit with the foreign business. Foreign Exchange Risks Foreign exchange risks are often the result
of country risks. Foreign exchange risks can be defined as the ability and willingness of the

Business Plan
Business Plan for a Startup Business
The business plan consists of a narrative and several financial worksheets. The narrative template is the body of the business plan. It contains more
than 150 questions divided into several sections. Work through the sections in any order that you like, except for the Executive Summary, which should
be done last. Skip any questions that do not apply to your type of business. When you are finished writing your first draft, you'll have a collection of
small essays on the various topics of the business plan. Then you'll want to edit them into a smoothвЂђflowing narrative. The real value of creating a
business plan is not in having the finished product in hand; rather, the value lies in the process of...show more content...
Include everything that you would cover in a fiveвЂђminute interview. Explain the fundamentals of the proposed business: What will your product
be? Who will your customers be? Who are the owners? What do you think the future holds for your business and your industry? Make it enthusiastic,
professional, complete, and concise. If applying for a loan, state clearly how much you want, precisely how you are going to use it, and how the money
will make your business more profitable, thereby ensuring repayment.
Page 5 of 31
III.
General Company Description
What business will you be in? What will you do? Mission Statement: Many companies have a brief mission statement, usually in 30 words or fewer,
explaining their reason for being and their guiding principles. If you want to draft a mission statement, this is a good place to put it in the plan,
followed by: Company Goals and Objectives: Goals are destinations–where you want your business to be. Objectives are progress markers along the
way to goal achievement. For example, a goal might be to have a healthy, successful company that is a leader in customer service and that has a loyal
customer following. Objectives might be annual sales targets and some specific measures of customer satisfaction. Business Philosophy: What is
important to you in business? To whom will you market your products? (State it briefly here–you will do a more thorough explanation in the Marketing
Plan section). Describe your industry. Is it a

Essay about Business Challenges
1. The most significant challenge to business success you see in this rapidly changing global economy;
One significant challenge to business success in this rapidly changing global economy is that many business are focused on efficiency and economic
of scales. Just like the example provided by Michael H. Hugo on Chapter 1, many companies are focused on lowering operating cost as much as
possible. This is causing for executives not leave any room for unpredicted changes limiting the company's ability to respond to customer's changing
needs.
2. An organization that has been successful in the global marketplace using virtual teams and the best practices it used (as discussed in Chapter 7 of
Business Agility: A Sustainable...show more content...
While this is a practice enforced throughout the company, it was necessary to make sure that this communications were clear to the virtual team in order
to maintain morale and the team's trust in the company.
3. How the Marketplace simulation incorporates these challenges into simulation game play;
The Marketplace simulation incorporates these challenges by providing student with real–world business problems and roles. Team members are
challenged to make decisions and used critical thinking in order to solve this problems virtually. While The Marketplace gives the team the tolls
necessary to have effective communication, ultimately each team members contributes to the overall success of the team, just like in a real business
situation.
4. How your readings and individual self–assessment work provide potential solutions to these challenges.
The unit's readings have provided many solutions to the challenges businesses encounter nowadays. To this day, there are many companies that have
business plans that concentrate strictly in lowering operating cost, cut budgets as much as possible and overwork workers that already are overworked.
Some of this solutions include: * Thinking of the costumer's needs and being able to respond to their ever changing needs * Management needs to be
transparent and make sure to communicate with employees, especially when the organizations is making

Startup Business Essay
The Highs and Lows of Launching a Startup Company What to expect when launching a new company?
Starting a business? Then you may start thinking– "Which business would make me the most money?", or "Which one's going to have the least hassle
at the same time?". And if you've got your decisions down on paper already, that's great!
Because the world, today, has come to a point where thousands of businesses spring out like mushrooms every year, while thousands dissolve like
grains of salt in a glass of water. According to SmallBusiness Association, 627000 new startups open each year.
There are online entrepreneurs, restaurant owners, small business owners, big corporation starters, but if you ask any random business owner if it...show
more content...
But your business needs employees, sales, and profits to grow and perhaps someday, manage to look like a wonder. Yes, the boundless potential is
there. But without the building blocks, it would just be a huge rush. A rush to find clients, come up with advertising campaigns, analyze market data to
see if your product is actually going to do well. And at this point, the surrounding will look very simple and ordinary, and at times ugly.
Nevertheless, this has a huge positive impact. This is going to make you appreciate your growth. Since you've started from something that looks very
modest, you will always look forward to growing and build up. And when you are a fairly big company, you'll appreciate every ounce of it.
Rapid growth has to be your next tough action because after you have put the pieces together to build a startup, it needs to start competing in the
market. That being its sole purpose, it needs to get its engines running right away.
But do you think it's easy to compete in the market today? Any business that you start already has competitions, most of which are far ahead in the race
as you are. And what got them there? There is no one answer to this. Better employees, high–quality technology, bigger investments, more production,
and better reputation all can create a tough competition. They've got the wheel turning way earlier

Introduction to Business Essay
Introduction to Business
Business plays a major role within our society. It is a creative and competitive activity that continuously contributes to the shaping of our society.
By satisfying the needs and wants people cannot satisfy themselves, businesses improve the quality of life for people and create a higher standard of
living.
It is a way for individuals to provide goods and services to consumers, and at the same time, produce a profit for themselves. Businesses are not only
important because they provide goods and services for consumers, but they also improve the economy and increase jobs for people within society
which is an additional fact producing a higher standard of living. To measure our societies standard of living,...show more content...
Cultures surrounding businesses also play a major role. Abusiness must adapt to a changing society with age, lifestyle, culture and location. When a
business learns to adapt to these changes, it will be profitable for both the business and consumers. Economic systems can be classified into three
categories. These include capitalism, socialism and communism. Pure capitalism is an unrestrained freedom to buy, sell and compete. Private
enterprises allow entrepreneurs to run businesses without central government control and can operate within a free market. Capitalism is a system of
true private enterprise. Some aspects of capitalism are free choice, private ownership, private profit and free competition. The only drawback of this
type of system is that a company can operate with no competition thereby creating a monopoly unfavorable for consumers. Socialism, on the other
hand, is a system where the production and distribution of industries are owned and operated by the government. Officials directly manage some or all
of the extraction of raw materials, manufacturing, communication and transportation. This system is loosely regulated by the government. Finally,
communism replaces the operation of a free market almost entirely. Most of the rights enjoyed within the capitalist system are denied and private
ownership is prohibited. Business are controlled by state planners and competition is almost

Business Is All About Money
Executive Summary
Business is all about money. All the activities done to run a business is to earn profits. It is an economic activity. Be it a small business or big, it is
important for an entrepreneur to have an idea in mind as well as on papers too. When idea is in mind it is easy to assume that it is great and can be
turned into a successful business. But that is not the case, when an entrepreneur sits to write up the business plan i.e. what is the vision and mission of
the business, what are its objectives, what are the critical success factors and how those factors would be worked out, then the real picture pops out.
While writing the business plan, entrepreneur can analyse how good the idea is, whether it can be converted into the product that customer wants and
whether it will make profits.
In this study I have researched about whether my idea of running a healthy soup salad and juice cafГ© in Auckland can be a successful business or
not. I have researched about the current market, growth potential, which customers can be targeted, how the marketing can be done, what can be the
differentiation or competitive advantage, what kind of staff or skills would be required, who can be the suppliers, what kind of further research would
be required once the business starts, how much time it would be required to launch the cafГ©, who are the current competitors and what services are
they providing, how the financial requirement would look like, whether I have that much money

My Business Essay
Personal Assessment:
After doing comprehensive research I come to the conclusion, that by opening a Restaurant with Bosnian food would be very good business venture.
By opening a restaurant with authentic Bosnian food within the Bosnian community of fifty thousand people would be very profitable. In a way risk
free. My only concern is that this is my first time investing a large amount of money. Bosnian Food is very unique. Most Bosnian people have very
busy schedules and they don't have time to cook. My restaurant would feature traditional Bosnian food and atmosphere to make people feel as if they
were in Bosnia. By opening this restaurant, families would be able to come to dine or to take food home that would make them feel at home and...show
more content...
This restaurants is located in the heart of the Bosnian community and other businesses.
Site Map
The location of my business would be in the Lincoln square area on the Northwest side of Chicago. I would be renting the space. My restaurant is
in a very good location and very accessible. It is in center of the Lincoln Square area and is also very close to four major streets: Lawrence Ave.,
Wilson Ave., Western Ave, and Lincoln Ave. and has public parking nearby for customers. The Building in which I am planning to open my restaurant
is very appealing. Building was recently remodeled and has very good visibility. Next door to the restaurant is a old antique store, gift shop and
doctors office.
There is a no competition for my business at all. There are other restaurants in the area that offer different kinds of food like American, Mexican, and
German, but I am targeting the Bosnian community and my restaurant would be the only traditional business in this area.
Legalities and Insurance
Business that I am planning to open it will be a service oriented business.
Legal form for my business will be Sole Partner Proprietorships. Sole Proprietorship has number of advantages. As a Sole proprietorship you have

Business Organizations : Business Organization
Business Organizations
Task 1
7/14/15
Business Organization
Essentially, a business organization is a body that is formed for the aim of conducting a commercial enterprise (Bank, 2004, p. 2).
Sole Proprietorship
Brief Description
A sole proprietorship is a form of business structure that is owned and operated by the same owner simultaneously (Schneeman, 2012).
Characteristics
In this type of entity, it is difficult to draw a distinction between the owner and the business.
In the legal language, they are not incorporated and many a times not entirely viewed as a business structure because there are no legal regimes
governing their set up.
The owner is generally vested with absolute control of the enterprise and will be the sole employee.
The business structure is widely used by small investors due to the easy to set up nature.
Advantages
1.Compliance: the creation of sole proprietorship is not dictated by any legal formalities or requirements. There running is also governed by few legal
requirements. In essence, the creation and running of such an entity involves less administrative expense (Schneeman, 2012).
2.Control: the owner of a sole proprietorship has absolute control over the business and the decisions that are made. However, this does not mean that
the owner cannot make any transfer of the sole proprietorship.
3.Tax benefits: unlike in incorporated entities, sole proprietorship are not taxed separately from the owner, they are absolved from

An Introduction to Business Essay
An Introduction to Business
Business plays a major role within our society. It is a creative and competitive activity that continuously contributes to the shaping of our society. By
satisfying the needs and wants people cannot satisfy themselves, businesses improve the quality of life for people and create a higher standard of living.
It is a way for individuals to provide goods and services to consumers, and at the same time, produce a profit for themselves. Businesses are not only
important because they provide goods and services for consumers, but they also improve the economy and increase jobs for people within society
which is an additional fact producing a higher standard of living. To measure our societies standard of...show more content...
International trade deficits occur when a nation imports more then it exports. The Decline of Smokestack America is when there is a change from an
industrial to a post–industrial economy. Finally, the conservation of energy is so that there are a sufficient amount of natural resources necessary to
produce goods. General economic growth or stagnation also has an important influence on business within our society. Many factors can affect it's
condition, such as war, new inventions and technology, political assassinations, the discovery of physical and natural resources, labor negotiations,
government action, and many others. When the economy is strong and the demand is high, businesses can prosper. Regardless of how great the
economy may become, businesses still must compete with other firms for scarce raw materials and labor.
A businesses environment creates many opportunities as well as problems for prospering businesses. The environment determines what a business can
do by shaping and channeling its development. Businesses function within an environment by allowing entrepreneurs to raise capital and create profits
freely. The supply of money available within a business as well as the economic stability through times of growth and recession have strong effects on
businesses. Not only is the physical environment, including natural resources, pollution and energy as discussed previously, important, but many other

Essay On Business Structure
When brainstorming to start a business, it is essential to research the most efficient way to start a company and all the liabilities that can happen.
Business can become successful with the right person in place and a unique idea. When making a company, it is crucial to determine the structure,
which organization to start with and the liability that is involved. When taking a closer look at five different company structures Sole Proprietorship,
General Partnership, Limited Partnership, S/C Corporation, and Limited Liability. Which have not honored the contract and are at risk for legal
actions. The various liabilities between each owner will be discussed. Which will analyze ways to limit liability and display my future business...show
more content...
Now, A partnership is formed between two individuals and the agreement should be in a contract form or writing. The next two types that are
discussed are general partnership and limited partnership. Silverbrand (2008) stated Partnerships are the primary form of business which larger
companies begin (p.167). Partnerships are simple to start, no required registration only within certain states, and can end quite rapidly. A general
partnership is where each partner is equal to liability or any litigation consequences. In a limited partnership, the liability is limited equal to the amount
the limited partners at first invested. In fact, sometimes limited partners do not make business decisions but, own stock within the company. Basically,
an LLC, with its hybrid nature, "provides owners...with the limited liability protection of a corporation, but without the potential for double taxation"
(Jordan & Clark, 1197). The income created from a general partnership of a business is taxed as income earned by the person working for a different
company. When starting a partnership it is best to discuss the amount of liability that each partner is responsible for. Which, will help when looking at
the type of litigation described.
The most recognized companies are Corporations and LLC's. According to Sonderquist (2000) Corporations are similar to limited partnerships

Starting and Running a Business Essay
Starting and Running a Business Despite being an intimidating prospect for most people, there are millions of entrepreneurs in the US. Some of
them turn out to be very successful, others, not so much. There are many steps to starting and running a business, but many of them can be easily
accomplished simply by filling out some forms, and several small fees. Businesses have been around since the beginning of bartering, an apple for
some wheat, a horse for a wife, a daughter for a house. (In no way reflecting what I would trade) The startups of businesses across time have never
come easy, from cost, to hassle, to threat of beheading; there have always been obstacles in starting a business. One of the hardest parts of being an
...show more content...
This is ideal for most people who want to start a business and keep their home if something goes wrong. The largest area a permit is good for is
one county. If one wishes to operate outside the county the license was issued in, they would have to get a license from that specific county. The
most important thing is starting a business is having a business plan. This is the only way any bank will approve you for a business loan. [1] Without
this business plan, the bank has no way to analyze the business's performance thus far. The SBA offers a template for how to lay out a business plan.
The following is how a good business template should be formatted (from SBA.gov).
Writing the Plan
What goes in a business plan? The body can be divided into four distinct sections:
1) Description of the business
2) Marketing
3) Finances
4) Management
Agenda should include an executive summary, supporting documents, and financial projections. Although there is no single formula for developing a
business plan, some elements are common to all business plans. They are summarized in the following outline:
Elements of a Business Plan
1. Cover sheet
2. Confidentiality Agreement
3. Statement of purpose

4. Table of contents
I. The Business A. Description of business B. Marketing C. Competition D. Operating procedures E. Personnel F. Business

Business Leadership Essay
In corporate America the term used to describe a person in a position of power is "Manager". A leader can be a manager, but a manager is not
necessarily a leader. Leaders motivate, challenge, and influence others to achieve goals. Great leaders have the necessary skills and attributes
which allow them to connect with the team and organization. Being a leader is not the same as managing an organization. Leader's posses the
interpersonal skills needed to influence others to achieve a goal willingly. Leading is a major part of a manager's job. Leaders do not need to be a
manager to lead people, but managers must know how to lead as well as manage. Each person in a company brings his or her own experiences, values,
and beliefs to the...show more content...
Bova (2008) states that the following four characteristics are found in good leaders: they believe in open communication, they do not stick with the
status quo, they are selective in what they measure, and they have passion for values and culture. Each characteristic is essential to a healthy
organizational culture. When an employee feels he or she has open communication with a leader, they are more inclined to share if problems arise
whether or not work related. Non–work related issues may eventually take a toll on an employee's performance at work. However, with open
communication, an employee feels comfortable in apprising the leader of a situation so that future problems are avoided. Not all managers are
leaders and not all leaders are managers. The biggest difference between management and leadership is people skills. In determining if a person is
a leader or a manager, Bova (2008) lists some differences with which many a person would agree. One difference is that a manager directs people.
Managers essentially tell employees to get the job done. Many people work on autopilot until their work shift ends. However, people will follow a
leader. Leaders inspire others to want to strive for their best and to go beyond their normal duties. Another difference between managers and leaders is
that managers tend to control or micromanage their department. Such management style causes employees to be unhappy and possibly rebel. Under
these types of

Business Development Essay
Business Development
Career Overview:
Business developmentВ—or "biz dev," as insiders call itВ—is all about growing your company's bottom line. The job of the business development
professional is typically to identify new business opportunitiesВ—whether that means new markets, new partnerships with other businesses, new ways
to reach existing markets, or new product or service offerings to better meet the needs of existing marketsВ—and then to go out and exploit those
opportunities to bring in more revenue.
Business development is a cousin of marketing and sales, and even when an organization doesn't have a stand–alone business development department,
or professionals with the phrase "business development" in their job titles, you can...show more content...
Next, as a business development professional, you'll need to think creatively on everything you know about your company, its market, and its
competitive landscape. This is the part of the job where you identify possible ways to improve your company's sales, which can mean anything from
identifying new market segments (or individual potential clients) for your company to sell to, to identifying new sales channels to sell through, to
identifying other, related products or services in the marketplace with which your company's products or services can be combined into synergistic,
new, "co–branded" offerings.
The next part of the job is prioritizing the new business opportunities you've identified. To do this, you'll need to compare the potential returns of each
new business opportunity to the costs your company would incur to exploit that opportunity. Which means spreadsheetsВ—lots of spreadsheets.
Finally, the business development professional is tasked with making the new business opportunities he or she has identified come to fruition. In other
words, you'll be negotiating with those at other organizations who can help you take advantage of the opportunities you've identified. And, if you're
good at what you do, you'll be closing deals with those other organizations to increase your company's bottom line.
In terms of real–world examples: One thing you'll probably be doing as part of a business

Essay about My Business Idea
My Business Idea
In my coursework I intend to start my own business. I will devise my own business plan which outlines my business proposal and the key aspects,
during this I will need to seek good business advice on the necessary steps I will have to make. As I go through the coursework I will show evidence,
examples and explain how businesses are set up, what types of businesses there are and their similarities, the kind of targets businesses set for
themselves and also the different objectives of different stakeholders. For my business I plan to sell toys and other game products that educate young
children under the age of 11.
Starting up a business is difficult and risky. Anyone setting up needs to consider:
В·...show more content...
Most people though have to research their product. Businesses also have to decide how the product is to be made.
Finance
=======
No businesses can be set up without finance. Most people who start their own business underestimate the amount of money they will need to set up.
They are often UNCAPITALISED and this causes problems as the business expands. Some businesses have the potential to be highly profitable but
fail because they run out of cash at a crucial early stage in the life of the business. So it is very important to work out how much money is needed to
start the business and to identify where the money will come from.
Identifying the sources of help
===============================
Most new businesses don not survive for more than three years of trading. However, their chance of success is much greater if those setting up the
business have received help from experts before the launch. Many new businesses turn to Business Link or to their local

TEC. They can identify any grants, loans or benefits that are available from government or from bodies like the Prince's Trust. They can also organise
training in setting up small businesses that is so often vital to the survival of the business.
The business plan
=================
Drawing up a business plan is very important. The business plan sets out how the business is to be set up and

Business Essay Topic: Forms of Business Organizations
It is important that the business owner seriously considers the different forms of business organization – types such as sole proprietorship, partnership,
and corporation. Which organizational form is most appropriate can be influenced by tax issues, legal issues, financial concerns, and personal
concerns. This essay explains the general impression of business organizations. A Sole Proprietorship, also known as the sole trader or simply
proprietorship, is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the
business. The owner receives all profits (subject to taxation specific to the business) and...show more content...
These articles include the name and address of corporation, objectives of the corporation, classes of stock, and financial capital required at time of
incorporation. There are many types of corporations such as domestic corporation, foreign corporation, alien corporation, private corporation, public
corporation, initial public offering, quasi–public corporation, and non–profit corporation. The elements of corporation include: a board of directors,
preferred stock, and common stock.
There are many advantages and disadvantages of corporations. The advantages are: limited liability, transfer of ownership, perpetual life, external
sources or funds, and expansion potential. The disadvantages are: double taxation, forming a corporation, disclosure of information, and
employee–owner separation.
Other types of business ownership include; a joint venture which is a partnership established for a specific project for a limited time. S– Corporation
which is a corporation taxed as though it were a partnership (no double taxation) with restriction on shareholders. LLC which is a flexible form of
enterprise that blends elements of partnership and corporate structures. Co–op which is an organization of individuals or small businesses that have
banded together to reap the benefits of belonging to a larger organization. Mergers which is the combination of two companies

Business Management Essays
Business Management The world of business has undergone radical and dramatic changes in the last decade changes that present extraordinary
challenges for the contemporary manager. A manager is an organizational member who is responsible for planning, organizing, leading, and controlling
the activities of the organization so that the goals can be achieved. According to a widely referenced study by Henry Mintzberg, managers serve three
primary roles: interpersonal, informational, and decision–making. Management is process of administrating and coordinating resources effectively and
efficiently in an effort to achieve the goals of the organization. The concept of management within an organization typically occurs in an...show more
content...
Controlling is monitoring the performance of the organization, identifying deviations between planned and actual results, and taking corrective action
when necessary. With all these four functions that are involved in the process of management, if all are followed correctly the organization will be
properly ran and will have few complications. In every organization there are managers, and every manager is classed on different levels in terms of
the skills they need and the activities they are involved in. Managers exist at various levels in the organization hierarchy. A small organization may
have one layer of management, where as a large organization may have several. In most organizations there are three level of managers. The three
level of managers are, first line manager, middle manager, and finally the top–level manager. Managers at different job levels have different job
responsibilities and therefor require different skills. First–line managers supervise the individuals who are directly responsible for producing the
organization's product or delivering its service. They carry titles such as production supervisor, line manager, section chief, or account manager.
First–line managers along with all the other managers are involved in three skills conceptual, human, and technical. In each three different levels of
management, each one of these

Solving The Issues Of The Business Essay
Introduction
The aim of this report is to identify and propose possible solutions to the issues the business may have. It focuses on the major problems found on an
initial inspection of the company and on the best possible ways of dealing with them. The report is going to be divided in 7 parts plus conclusion that
are going to be focused on the 7 major problems found. It is going to involve decision making and taking every problem and break it down until
effective solutions are found – within the possibilities of the company, and also my recommendations on the enterprise systems that would help with
the difficulties discussed.
Within this report there will be analysis of possible ways the approach of the organisation could be improved using Enterprise Applications, and how
possible softwares mentioned could improve every aspect of the business.
Over ordering of stock
Over ordering the stock was the first problem found, as well as receiving poor quality goods from the suppliers. The importance of having quality raw
material should not be questioned and settling for the stock that is received without trying to resolve the issue is only going to reflect on the final
product and the dissatisfaction of the customer. 'The market power of suppliers can have a significant impact on firm profits, especially when the firm
cannot raise prices as fast as can suppliers.' (Laudon, 2010) It is important to have a systematic way of processing the stock from the suppliers –
therefore by

The Role of Business Essay
The Role of Business
Is Corporate Social Responsibility good for business or simply goodwill?
Introduction:
What is the role of business? Is it to generate wealth for the company and its shareholders, or is it purely for benefiting the public? This is what I will
attempt to answer in my essay.
There is more than one definition for corporate social responsibility. One way in which it can be defined is the obligation of organisation management
to make decisions and take actions that will enhance the welfare and interests of society as well as the organisation (Daft, 2003). In other words,
corporate actions have social implications, and managers have a responsibility to act in ways which...show more content...
Is being socially responsible actually good for business?
In one sense, social responsibility is good for business, according to those promoting the idea. It has been said that it enhances the public image, and
this is mainly due to it being publicised by media coverage or through simple word of mouth (Boddy, 2005). It has also been said, that being
increasingly socially responsible, companies can avoid intervention from the government (Boddy, 2005). This could be because they are reducing
emission from their factories or offering a large amount of jobs in an area where there is high unemployment.
Some companies adopt a more socially responsible approach as it ties in with their business strategy. Here, the company places corporate social
responsibility at the very heart of the business, maybe due to the underlying beliefs and values of the original founders and senior managers of the
company. An advantage of this is that their activities can gain extensive media attention; therefore, they can increase loyalty from customers and
create a brand image with very little advertising. The Body Shop, for example, from the start took a socially responsible stance. One of the firm's
early campaigns was the removal of animal testing for cosmetics. This stance worked well for the company, creating a unique selling point, and helped
it become a major retailing group.

Essay Motivation In Business

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Essay Motivation In Business