Management and Company - 1613 Words

Running head: INTERNAL/EXTERNAL FACTORS Internal/External Factors Team B MGT 330 September 20, 2010 Joe Cheng Internal/External Factors Companies are being challenged every day with factors that affect their primary management functions. Globalization, technology, innovation, diversity, and ethics are just some of the factors companies are facing that can affect functions of management. Managers are trained to identify these factors and analyze how they will affect the functions of their management. Planning, organizing, leading, and controlling are the four functions managers operate under. Managers will look for signs indicating when of these factors are affecting their management function. In the following†¦show more content†¦Planning for globalization is where one would need to look at the end results for the their purpose of globalizing. To begin globalizing, you need to understand what it is you are looking for e.g. cheaper labor, out-sourcing, and bigger market. Once you understand this, you can move on to the next function of management. Organizing in a global market can and will be difficult . To organize a global business, you need to take in many factors to help determine your end result. To organize a business, you will need to think not only of your company’s well being, but also the relationship your company has with the market you are currently in. To organize on a global level, you will need to have many people in many places, this way you can keep yourself updated on what is happing in each of the regions your company is involved in. Leading and controlling in a global environment will mean having to think about all aspects of your company across the globe. Since both of these functions have pretty much the same application in a global market, we can discuss them both here. Many people in many different places will rely on you or the company to know where the end results lay at and how to achieve them. In order to lead and control a global company, you will need to look at all aspects of your company’s operation in each of the markets you are in. You will need to decide which is best for each area and monitor the performance.Show MoreRelatedManagement and Company1091 Words   |  5 PagesManagement Imagine you are an executive for BP, and you are preparing a presentation for the board of directors about the organization’s direction. Create a 10- to 15-slide Microsoft  ® PowerPoint  ® presentation, with speaker notes, in which you address the following: †¢ Evaluate the planning function of management as it relates to the organization’s goals and strategies. Use steps in the planning process outlined in the text. †¢ Analyze the influence that legal issues, ethics, and corporate socialRead MoreThe Management Of A Company1238 Words   |  5 PagesHow would you feel if you owned part of a company, but could not help make any decisions on the future of the company? 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Provide evidenceRead MoreCompany Analysis : Company Management958 Words   |  4 PagesIntroduction Running multinational companies is always a challenge given that every country they operate from has the different market environment. Proper managing team is required in order to set and implement the best strategies together with policy framework. This paper is going to evaluate the Citigroup.inc Company briefly as an example of multinational companies Citi Group. Inc. Citigroup Inc. is a diversified multinational investment financial services company. It provides a wide range of financeRead MoreProject Management and Company4235 Words   |  17 Pageson page 2 are :- 1) Apple shares receives a huge slump, Apple finally files for bankruptcy!!! 2) Twitter shuts down amidst concerns of hackers stealing tweets†¦ 3) Microsoft and Apple ended their long standing rivalry and founded a new company in the Silicon Valley named Applesoft. Q2. Ans 2. The groups that would normally be involved when the system analysts acts as translators are the programmers and the managers. The systems analysts acts as translators by describing the business processesRead MoreProject Management : A Company1538 Words   |  7 Pagesat the traditional view of business, a company has a particular process it goes through to create its product, â€Å"to produce as many of the products as the company can†. This traditional view is a steady-state process where the company continues going through the same process to build ever more of its product. This is good, but we need to keep in mind that the environment that a business operates in is going to change. This calls for the necessity of the company to adapt. This is where projects comeRead MoreMarketing Management : A Company1444 Words   |  6 PagesMARKETING MANAGEMENT – ASSIGNMENT 1 Introduction Prada operates throughout the world and it’s headquarter is in Milan, Italy. In 1913, Mario Prada founded the company. Currently, this company is operating with over 250 outlets throughout the world with Prada Mario and his brother started business with a leather goods shop in 1913 in Milan, Italy. The shop initially sold leather products only. Mario Prada was against the role of women in business; hence, the female members of the family were notRead MoreThe Management Of King Company Essay1727 Words   |  7 Pages King Company Name Institution â€Æ' King Company Kings Company is a small assembling organization located in upper Midwest City. The company produces quality accessories in the computer industry. It was started in 1994 by Don Dean in Silicon Valley. King Company faces numerous challenges in its business operations including the need to cut its labor costs, and eliminating the adverse impacts of downsizing (Agrawal Matsa, 2013). Due to declining sales levels, King Company must change theRead MoreWaste Management : A Company2424 Words   |  10 PagesWaste Management is a company in North America that provides wastes and environmental services. It was founded back in 1894 by Larry Beck. (Prezi Web) The company headquarter is in Houston, Texas. It is the biggest provider of waste management services in North America. It provides services which include collection, transfer, recycling, and disposal. Waste Management is a developer, operator, and owner of waste-to-energy and landfill gas-to-energy facilities in the United States.(Reute rs Web) ItRead MoreHarvard Management Company1453 Words   |  6 Pageshistorical data as input, and these data might very well not be constant or accurate. Correlation may indeed change both over time and between classes of assets. However HMC examined short-term and long-term historical records and talked with investment management firms specialized in this type of analysis in order to get the most accurate data. Finally, HMC is doing well using the optimizer as a proxy for the investment decision. Optimizers may lead to completely different investment strategies if the inputs

Proposed Seven Philosophers On The Existence Of God And...

In my Round Table Essay I would like to introduce seven philosophers that we have discussed in class and focus on three specifically for my choice topic. The seven philosophers are as follows: (1) Socrates, (2) Plato, (3) Aristotle, (4) Francis Bacon, (5) St. Augustine, (6) Thomas Aquinas, and (7) Rene DesCartes. The specific three I want to focus on being; St. Augustine, Thomas Aquinas and Rene Descartes. Lastly, I will proceed to relate their ideas on the existence of God and their development of these ideas. St. Augustine s epistemology is rationalization. In his argument for the existence of God, he is referring to varying degrees of perfection otherwise know as, an Ontological argument. He believed that in pursuing truth, it†¦show more content†¦While we as humanity searched for the truth, God was the one shining the light for us to see the path. This is part of what he believed to be â€Å"Memoria†, or the information within ourselves that was not the influence of experience. These would include; knowledge of self, truths of reason, ethical truths, values and God himself. (Text) St. Augustine thought that when searching inside of oneself this would eventually lead to a higher elevation of understanding from the physical and self towards the infinite and eternal, then finally, to God which was the greatest of all things. Being that St. Augustine was primarily rationalization and because of his beliefs in God, he claimed that reason could not function properly without faith (Tex). That â€Å"Faith seeks, and understanding finds† (Text), for if we have faith we are guided down a path by God s light so that with reason we can find understanding in our path and purpose. He feels that the evidence of God is in creation but not in our sense perception (Text). That senses and the world can be too changeable to be of any basis for God who is eternal and absolute. From his faith and studies of the Bible, St. Augustine states that we are close r to God than nature because we are made in his image. Next he begins development on his ideas of God s divine freedom of creation and how everything, including time itself came from nothing other than God s desire for it to be so. That God in his divinity

Reflection on the Research Process for Learning - myassignmenthelp

Question: Discuss about theReflection on the Research Process for Learning Experince. Answer: This essay is going to reflect my learning from the research process that has been conducted by me in due course of the study. A research process is indeed helpful to develop expertise and cognitive idea pertaining to a topic. Hence, it has helped me develop a clearer and fathomer understanding of the learning that I have been studying for years. Through the research I have tried to develop my understanding thus demonstrating my learning arena. The research paper was about the cyber attacks and the malpractices through the cyber cells. In this matter of fact, it can be stated that the specific understanding pertaining to overall cyber crime and the global movement has been highly inducing for me in its basic terms. Before reflecting deep into the topic, I would rather prefer to develop my idea on LE (Learning Experience). Learning Experience: Learning experience is an interaction, course or a program, in which learning takes place- irrespective of the setting (traditional or non- conventional). The traditional setting for the learning is nothing but the class rooms, schools or other academic institutions. On the contrary, the non-conventional learning experience is conducted through non- institutionalized process. This is a case that has to be taken into certain account whether an individual wants to focus on the specific learning setting. However, standing on 2017, the non-conventional setting or the non- institutionalized setting is prioritized. As a matter of fact, this has to be taken into certain account that empirical understanding has been quite effective in developing practical concepts and ideas on any area of subjects for a learner. This is how, in modern study, the empirical learning experience is given priority. Since this is highly practicality oriented process, the entire concept has to be developed through the basic concept of learning. Value of Learning Experience: Followings are the values of learning experience: It develops practical concept on any subject It helps create professional conceptualization of the subject of study It involves fun learning process thus engaging maximum number of the learners. It develops the potential to choose the behavioral concept associated with the learning activities It helps change the individual behavior and his or her tendency to encapsulate the entire knowledge of the subject through practical implementation Service of learning Experience: In this concept it can be stated that the specific understanding has to be taken into certain consideration pertaining to the effective understanding of how the specific course would be settled. The procurement of specific understanding has to be developed through effective consideration of the learning method. However, it needs to be taken into certain account that the service of learning experience is quite helpful for the assimilation of the learning process and thought generation through practical implementation. In my case, I have been highly benefited with different segments for the specification of the issues where I would be developing my knowledge in compliance with my practical understanding. Course: In the course, my subject understanding on cyber security would help me develop a cognitive idea. It would further help me increase my social awareness as it has direct involvement in my social understanding. As a matter of fact, it has the direct impact upon the basic understanding of the process with its different consequence. However there has been a specific reference for the curse development as well. For instance, the way I have involved myself in the process of investigation has led to the generation of its view at par. However, this has been taken into certain consideration pertaining to the effective understanding where the entire course depended on the concept development process more that getting mark in the assessments. There takes place the difference between examination and assessment. Through the course, I have developed the idea regarding the types of cyber security crimes- sabotage and breach. It has also provided me ample scope to study on the regulations and laws a ssociated with the criminal activities in different countries. Program: Through the programs on the laws and regulations associated with cyber security crime, I have had practical knowledge on how this is mitigated and fought against. This is highly effective for the purpose of special investigation process. My research paper have actually helped me develop a time frame of my own where I can identify my strength regarding the subject and my weakness as well. For instance, while going through the theoretical approach, I was highly effective for the special understanding of the cases where this would be taken into certain consideration for the effective understanding of the issues. Future Career: My learning experience would definitely uphold the specific skills to find out how effective I would be for the development process. In this case, it needs to be taken into account that the entire understanding has to be developed through the practical implementation of my learning. In this process it has to be taken into certain understanding that the specific issue for the purpose would be highly impactful for career development. However, this would be highly effective for the general understanding of career development. Since I would prefer to choose my career depending on what I have learned in these days from the course and the programs, I would consider this topic and the research process highly impactful to determine how effectively I would go along with the changing mode of studies. The Learning Process: My learning process was stringently based on practical understanding cyber security and cyber crime. In this process I afforded to develop my thinking and calculating skill pertaining to web development and web analysis. In terms of web content analysis, I had to develop some certain skills on how the websites are hacked. Through the knowledge development process, I gradually started understanding the core concept. Application of Learning; In terms of application, I would consider myself and drive myself to ardent dedication for the specific learning method. In this aspect, the basic understanding has to be taken into certain understanding that the basic course has to be taken into specific case where the learning would be taken place. My application would be on the mitigation and restriction of cyber security issues. Reference: Bellman, S., Burgstahler, S. and Ladner, R., 2014. Work-based learning experiences help students with disabilities transition to careers: A case study of University of Washington projects.Work,48(3), pp.399-405. Fink, L.D., 2013.Creating significant learning experiences: An integrated approach to designing college courses. John Wiley Sons. Fink, L.D., 2013.Creating significant learning experiences: An integrated approach to designing college courses. John Wiley Sons. Kolb, D.A., 2014.Experiential learning: Experience as the source of learning and development. FT press. Nonis, S.A., 2014. CREATING TRANSFORMATIVE LEARNING EXPERIENCES FOR STUDENTS IN A BASIC INTERNATIONAL MARKETING COURSE.Patrick D. Fountain, p.114.

Growth And Environmental Quality Singapore -Myassignmenthelp.Com

Question: Discuss About The Growth And Environmental Quality Singapore? Answer: Introduction The purpose of this report is to understand the macro environmental factors playing important role in altering business process for the Emirates Airlines in Singapore. Macro environment is considered as one of the key determinant of business success. Importance of macro environmental analysis is critical due to the uncontrollable nature of the factors. Managers of an organisation cannot control these factors, which makes in necessary for constant analysis of the factors and upgrade business process for gaining competitive advantage in the market. There are various tools in marketing, which helps organisations in analysing the market condition. Some of the widely used macro environmental analysis tools are PESTEL and Porters five forces analysis tool. The PESTEL analysis helps identifying the market situation, whereas, the Porters five forces analysis helps in identification of competitive situation in the market. Emirates Airlines started its venture in 1985 with just two flights. However, the company initially started as dnata with five ground staffs for handing the services in Dubai international airport. Their aviation organisation grew over years until 1985 when Seikh Mohammed bin Rashid Al Maktoum and Mr Flanagan entered the airlines industry with their two flights. They have grown since then and as an international airlines company (emirates.com, 2018). The company now is a full-grown international airlines company providing their services to the selected few around the globe. The vision of the company remains same form its initiation days to provide quality services to their customers. Emirates airline focuses on the quality instead of quantity, which positions them in the elite class airlines service provider in the global market (emirates.com, 2018). The company modifies their services depending on the operating region for increasing customer satisfaction. Description One of the commonly used frameworks or tools in macro environmental analysis is the PESTEL analysis tool. This gives marketers the birds eye view over the external environmental factors from different angles. The PESTEL stands for political, economic, social-cultural, technological, environmental and legal factors of the external market (Zalengera et al2014). These factors however, can be considered as the primary factors as the framework has considerably modified over time and the components are adjusted according to the need of individual business organisations. These factors associated in the framework helps developing idea of the particular viewpoints. For example, political perspective helps identifying the political situation of the market and helps determining the opportunities and threats they poses on the business. Similarly, economic factors helps understanding economic condition, social factor identifies the cultural stance, technological factors notes down the technological development in the market, environmental factors studies the demography and surrounding environment related to the business and legal stance lastly communicates the laws that is governing the target market (Ho, 2014). Analysis of Emirates This section of the report will identify the macro environmental factors that provides opportunities and threat to the organisation. Political The country represents a stable political condition since its independence. This further communicates the low rate of economic risk for the international organisations in expansion of their venture in Singaporean market as it provides sense of political security to the companies. The stable developing political condition along with the democratic government facilitates in the constant development of the economic condition of the nation (Rodan, 2016). This further provides a better standard of living for the population of the nation and peace. However, the opposition party has less freedom of speech and regulated by the legal suits. The stable political situation and absence of political dilemma will provide Emirates Airlines opportunity of uninterrupted business operations in the country. This will considerably reduce companys expenses in the country. Economical GDP of Singapore reflected a figure of 296.98 SGD as per 2016 annual report (tradingeconomics.com, 2018). Moreover, the average monthly income rate as per the 2017 calculation reflects 4795 SGD in 2017, which is considerably, which can be considered as moderate to high (Tradingeconomics.com, 2018). Moreover, the average purchasing power of Singaporean population is 36,324 SGD, which sometime overshoot the purchasing power of USA population. This enables the company to enjoy greater profit margin in the market. The country again reflects a stable economic growth with growing opportunities for the international and domestic business expansion. However, the labour cost in Singapore is on a rise due to the labour shortage. This is a considerable threat for Emirates in Singapore, as it will significantly increase the operational cost. Socio-cultural The tendency of holding traditional cultural value is present in the Singaporean population, despite of the increased modernisation and westernisation being reflected in the younger generation. This is an opportunity for Emirates to provide customised regional services to their customers. This strategy adopted by the company helps them in satisfying market needs. Moreover, literacy rate of the population reflects significantly high figures that create the urge of foreign education among the Singaporean population (Noor Leong, 2013). The increased disposable income of the Singaporean population enabled them to afford international flights, which was earlier restricted to the wealthy segment of the population. However, the low cost flight options available for the target population threatens Emirates in their luxurious services as the customers demand is shifting towards economic flights. Technological The country has gained a level of technological advancement that encourage the population for using the modern technology in daily life. This will help Emirates in their promotion, ticket booking and other activities using technology. Moreover, this provides Emirates the opportunity to provide the technologically advanced population a greater technological support in their long haul flights (Islam, Al Mamun Amanullah, 2017). This will help in trust building process as technological integration in the flight not only enables the customers to enjoy a luxurious flight, but also provides them a sense of safety in the flight. Environmental The current environmental crisis of the country led to formation of strict environmental control policies for the businesses operating within the country (Tan et al, 2014). This makes Emirates strictly follow the environmental well-being of the country by reducing the air pollution that is the primary concern of the airlines. This calls for the need of strong CSR policy while operating in Singapore. Moreover, increasing energy price can be another thret for Emirates in their operation within Singapore (Heracleous Wirtz, 2014). Legal Singapore is considered as one of the easiest country for international business expansion. The country has open investment regime, with restriction limited to the financial services, professional services, and media sectors. The range of investment incentives offered by the country along with tax holidays and concessions and other concession schemes makes it favourable market for Emirate. The Income tax Act and Economic Expansion Incentives creates smoother path for the international investors to enter the market (sso.agc.gov.sg, 2018). Moreover, the country has no as such restriction in foreign exchange transaction and capital movement, which enables Emirates Airlines to move their funds freely in and out of the country. Porters Five Forces Analysis Porters five forces market analysis tool is a simple but effective tool proposed by Michel Porter. Markets widely use this tool for identification of the competitiveness of the market for positioning them in advantageous compared to the rivals (E. Dobbs, 2014). The five forces altering the nature of the market as identified by this tool are bargaining power of the suppliers, bargaining power of the customers, competitive rivalry, threat of substitution and threat of new entry. Analysis of Emirates This part of the report focuses to identify the competitive challenges faced by Emirates Airlines in the Singapore market. Competitive Rivalry The competitive rivalry in the airlines industry is different compared to other industries, where the competition is accounted for the companies running in the same route. This means that the companies that are accounted as rivals are the ones that fly to the similar destinations. Emirates is currently operating around the globe from their Singapore base, where the major intensity of the flights are in European, Middle East and North American market (Cheng, 2013). The major competitors in of the company in these high frequency routes are Singapore Airlines, Etihad, Qatar and Lufthansa. However, the quality service provided by Emirates and the value proposed considerably reduce the threat by building customer loyalty. Bargaining power of Customers Bargaining power of the buyers again depends on the number of competitors operating in the same route as Emirates. The range of routes offered by Emirates is considerably high compared to the other competitors in the market such as Singapore Airlines, Lufthansa and Etihad (Cook, Tanner and Lawes, 2012). All the competitors mentioned above provides luxurious flights for comparatively similar price. This increases the bargaining power of the buyers as they get to compare the offers provided by the airlines (Babi?, Tatalovi? Baji?, 2017). However, the quality of services in Emirates is significantly high, and the company focuses on the regional specifications that gives them competitive advantage in the market. This helps them building brand loyalty, which again facilitates in reducing the bargaining power of the buyers. Bargaining power of the Suppliers The supplier switching cost for the company is significantly high, as there exist duopoly in the fleet supply. Boeing and Airbus has captured the global fleet supply market, which considerably increases the bargaining power of the suppliers. The vast number of airlines helps them in the process of increased bargaining power (Ciliberto Williams, 2014). However, the bargaining power of the supplier in case of engines is comparatively due to the oligopoly nature of the market. The competition lies between a few competitors namely Rolls Royce, Pratt and Whitney, and General Electric. This communicates strong supplier power in the industry that puts Emirates in relatively weak position. Threat of Substitute products The Emirates being an airline organisation enjoys relatively low threats from the substitute services. Moreover, Emirates in Singapore only has international flights that again reduces the threats if substitutes. Though there are other modes of transport available for the customers in Singapore to travel to their international destinations, the services provided by the airline industry is short time consumes that makes it more feasible for the customers (Abeyratne, 2016). Moreover, the elite services provided by Emirates in the market with their region specific products and services facilitate them to enjoy a significantly less threat from the substitute products. Threat of new entry The main activity of Emirates in Singapore market is based on the long haul air travels. The company only has long haul travels that considerably reduced the competition in the market. Again, there are only a few competitors in the international market that operates in long haul air travels that reduces the changes of new competitors enter the Singapore market (Stockport, 2012). Moreover, high brand value of Emirates in the market also reduces the threat from new entrants. Strategic Recommendation The first recommendation that can be made for Emirates while operating in Singapore is the formulation of CSR policies in order to safeguard the environmental interest of the country. This is due to the environmental policies that is the result of environmental degradation of the country. The second possible strategic recommendation for Emirates to adopt in their Singapore market is the consideration of low price travel for the target population. This is due to the customer preference for economic travel. Emirates can formulate strategies for providing luxurious travel experiences by formulating loyalty discounts schemes for their customers. The company can reduce their flights to the destinations for holding greater value in the market. This will align their operations with the vision of greater quality with comparatively less quantity service provided. This will help them avoiding the cost issue faced by limiting the customers to loyal customers with greater need of luxurious travel. The company can further focus on the region specific services aligned with the society and culture of the target market. This will help them proposing greater value to their customers, hence, increasing the demand in the market. Conclusion It can be concluded from the discussion that Emirates is enjoying favourable situation in the Singapore market due to the less competition in long haul flights. The political, legal, technological and other environments are also favourable for the company. However, some modifications as recommended in in the report will help them capturing greater value in the market. References Abeyratne, R. (2016). Competition Law in Air Transport. InCompetition and Investment in Air Transport(pp. 191-206). Springer, Cham. Babi?, R. ., Tatalovi?, M., Baji?, J. (2017). Air transport competition challenges.INTERNATIONAL JOURNAL FOR TRAFFIC AND TRANSPORT ENGINEERING (IJTTE),7(2), 144-163. Cheng, D. S. (2013). Analyze the hotel industry in porter five competitive forces.Journal of Global Business Management,9(3), 52. Ciliberto, F., Williams, J. W. (2014). Does multimarket contact facilitate tacit collusion? Inference on conduct parameters in the airline industry.The RAND Journal of Economics,45(4), 764-791. Cook, A., Tanner, G., Lawes, A. (2012). The hidden cost of airline unpunctuality. Journal of Transport Economics and Policy 462), 157-173. Dobbs, M. (2014). Guidelines for applying Porter's five forces framework: a set of industry analysis templates.Competitiveness Review,24(1), 32-45. emirates.com. (2018). History | About us | Emirates Singapore.Retrieved 28 January 2018, from https://www.emirates.com/sg/english/about-us/history.aspx#tabs-main=tab-1980s emirates.com. (2018). About Emirates. Retrieved 28 January 2018, from https://www.emirates.com/sg/english/about/press-room.aspx Heracleous, L., Wirtz, J. (2014). Singapore Airlines: Achieving sustainable advantage through mastering paradox.The Journal of Applied Behavioral Science,50(2), 150-170. Ho, J. K. K. (2014). Formulation of a systemic PEST analysis for strategic analysis.European academic research,2(5), 6478-6492. Islam, F. R., Al Mamun, K., Amanullah, M. T. O. (Eds.). (2017).Smart Energy Grid Design for Island Countries: Challenges and Opportunities. Springer. Noor, N. M., Leong, C. H. (2013). Multiculturalism in Malaysia and Singapore: Contesting models.International Journal of Intercultural Relations,37(6), 714-726. Rodan, G. (2016).The political economy of Singapore's industrialization: national state and international capital. Springer. sso.agc.gov.sg. (2018). Economic Expansion Incentives (Relief from Income Tax) Act Retrieved 28 January 2018, from https://sso.agc.gov.sg/Act/EEIRITA1967 Stockport, G. J. (2012). AirAsia-flying high. International Journal of Globalisation and Small Business, 4(3), 324-333 Tan, F., Lean, H. H., Khan, H. (2014). Growth and environmental quality in Singapore: Is there any trade-off?.Ecological indicators,47, 149-155. Tradingeconomics.com. (2018). Singapore Average Monthly Wages. Retrieved 28 January 2018, from https://tradingeconomics.com/singapore/wages tradingeconomics.com. (2018).Singapore GDP. Retrieved 28 January 2018, from https://tradingeconomics.com/singapore/gdp Zalengera, C., Blanchard, R. E., Eames, P. C., Juma, A. M., Chitawo, M. L., Gondwe, K. T. (2014). Overview of the Malawi energy situation and A PESTLE analysis for sustainable development of renewable energy.Renewable and Sustainable Energy Reviews,38, 335-347.