Business Essays

Define stakeholders. Describe some potential organizational stakeholders and why are stakeholders important? (6mrks) Stakeholders are individuals or groups that have a stake in, or are influenced by the organization’s decisions and actions. They can, in turn, influence the organization’s actions, objectives and policies. The lecture cited examples of potential organizational stakeholders are shareholders (owners), customers, […]

The decision-making process is a very critical part of carrying out business processes and operations such that the success of any business organization relies on the results and outcomes of each choice or decision. Therefore, business organizations approach the decision-making process critically, employing various progressions that constitute the pre-planning and pre-production process. For instance, business […]

An information system refers to an arrangement of people, data processes and interfaces interacting to support and improve day-to-day business operations. Information systems should also support the problem solving and decision making needs of various levels of management as well as end users. Business information systems are the foundation for conducting business activities today. In […]

An important part of business strategy is concerned with ensuring that resources and competencies are understood and evaluated, a process that is often known as a Strategic Audit. The external environment in which a business operates can create opportunities which a business can exploit, as well as threats which could damage a business; however, to […]

During the last two decades, there has been considerable advancement in management accounting research. This investigation centers on three main areas: responsibility accounting, Balanced Scorecard (BSC), and Tableau de Bord (French). Each of these aspects will undergo thorough analysis, followed by a comparison between BSC and Tableau de Bord. Ultimately, this paper seeks to offer […]

Andy Grove and Michael Dell have made notable advancements in the technology sector. In addition to their product innovations, they have made significant contributions in effective management tools, leadership, composure, and strategic thinking. Andy Grove revolutionized the concept of “crisis management” and permanently transformed the way organizations prepare for and overcome potential devastation. His strategic […]

In an interview with the Wall Street Journal, Indra Krishnamurthy Nooyi, the current Chairman and Chief Executive Officer of PepsiCo, discussed her ability to understand what it feels like to be an outsider. Born on October 28, 1955, in Chennai, India, Nooyi hails from a family consisting of her parents Krishnamurthy and Shantha. Her father […]

Founded in 1985, by Adrian Olabuenaga and Lesley Bailey his wife. Their first product collection was a limited edition series of jewelry designed by Peter Shire, a member of the famous Memphis group. Later, with the help of Barbara Radice & designer/architect Ettore Sottsass, ACME’s new collection (Memphis Designers for ACME), was a huge collection […]

Panera Bread focuses on differentiation as its competitive strategy, aiming to bring gourmet fast food to urban areas. Their competitive advantage lies in the combination of high-quality products, a pleasant environment, and exceptional service. 2. Panera Bread’s SWOT analysis reveals the overall attractiveness of its situation and whether it possesses any core competencies or distinctive […]

This paper is intended for all organizations that desire to be financially successful. It is also directed at Jim Rohr, CEO of PNC. PNC has fought through possibly the worst financial situation the banking industry has ever faced and not only survived, but flourished. PNC has done so because Jim Rohr and his executives have […]

Emma’s business achieved stability and rapid growth in March 2012 thanks to the rising trend of online connectivity and the emergence of online businesses. To analyze this case effectively, it is crucial to adopt a generalist mindset instead of being a specialist. This implies having the capability to comprehend and excel in various areas rather […]

1.Review the principles of competitive advantage in Figure 3-12. Which types of competitive advantage has BOSU used to defeat copycat products? Bosu has successfully used the principles of product enhancement, customer lock-in, raising entry barriers, and alliances to defeat copycat products 2.What role did information systems play in your answer to question 1? Information systems […]

Strategic entrepreneurship involves merging entrepreneurial actions and strategic thinking to attain exceptional firm performance. In the present market, it is imperative for companies to detect inventive opportunities to stay competitive and prosper. Smaller entrepreneurial companies are adept at spotting entrepreneurial opportunities and outperforming bigger established firms. Nevertheless, these smaller ventures face challenges in building the […]

In the modern corporate culture the level of competition is increasing day by day. The main objective of each organization is to enhance its performance and to attain sustainable competitive advantage in relation to its competitors. Change is a constant in present corporate culture. In such changing environment having a single strategy is not enough […]

This industry has gone through a major revolution in the last few decades and it has indeed revolutionized the transportation industry a great deal. Herewith we will look into Emirates Airline, the gem of the Middle East airline sector and analyze it using the Hayes and Wheelwright model. Emirates airline is one of the fastest-growing […]

1. How is Google’s mission statement related to its business strategy? Answer Google is an organization that once to provide information to the world in which it can be accessible easily and letting people make use of the information. “To make the world’s information universally accessible and useful”(mission statement). Google is an organization that always […]

A SWOT analysis is a vital instrument for comprehending an entity’s strong and weak points, as well as recognizing potential opportunities and threats. It holds substantial importance in the business world for securing a robust market standing. The strength of SWOT comes from its capability to uncover rewarding prospects that can be prudently exploited with […]

Supply chain management has become one of the most popular approaches to enhance the competitiveness of business corporations today. A critical aspect in this setting is finding the most suitable supply chain for a particular product. Fisher’s Framework, the DWV^3-Model and the Product-Life-Cycle Model are the three most widely accepted models used to match supply […]

Multi-level marketing (MLM), also known as Network Marketing, is a business-distribution model that allows a parent company to market its products directly to consumers by means of relationship referrals and direct selling. Independent, unsalaried salespeople of multi-level marketing, referred to as distributors (or associates, independent business owners, dealers, franchise owners, sales consultants, consultants, independent agents, […]

Strategic Management is defined as consisting of analysis, decisions, and the actions and organization undertakes in order to create and sustain competitive advantages. It is concerned with the analysis of the internal and external environment of the organization. Strategy is in itself the ideas, decisions and actions that enable a firm to succeed in the […]

Expanding businesses are required to elevate their information technologies to keep up with growing customer bases and serve their increasing needs. “Strategic management, encompassing major decisions, choices, and actions, steers the entire course of the industry” (Gomez-Mejia et al., p 156). The task of strategic planning falls primarily under the top-level management, particularly the company […]

QVC is for quality, value and convenience; this is the vision that Joseph Segel had in 1986 when he started the company and it continues to be the cornerstone of the firm’s operations. These three simple words communicates to all stakeholders the firm‘s values, aspirations and goals. QVC is dedicated to giving customers more: more […]