BUSINESS FOUNDATION-ORGANISATION AND THE ENVIROMENT Essay

BUSINESS FOUNDATION-ORGANISATION AND THE ENVIROMENT - Essay Example At present the company is operating in Manchester but the company is eyeing for being competitive in the world that is why they are having this LONGPEST analysis. The company can attract more customers thru its features and services. SMOSH Ltd. should be focusing in the global strategy to penetrate the market globally. Tax policy - As a limited liability partnership the company should register with HM Revenue and Custom as self-employed. The company must complete a partnership self assessment tax return every year. Each partner has to complete a self assessment tax return every year. Pay their own Class 2 and Class 4 National Insurance Contributions (NICs). Employment Laws – It is a policy if the staff or employee will be handling children it is a requirement that the employer should conduct a criminal investigation. It was stated in the company profile that the employee undergoes criminal investigation. The employee should be very well compensated depending on the days and time of their work. Workers should be at the right age and must be given at least one day break. The employees of SMOSH Ltd. Has play work qualification of experience, and first aid training. Environmental regulations –. SMOSH is environmentally aware, using sustainable resources where possible, providing healthy, organic, fair trade refreshment as much as is practicable and minimising paperwork by the use of e-mails and the website wherever they are able to do so. Economic factors - SMOSH Ltd. has several payment skills to increase the number of students participating in the after school and before school activities. However any late payment will be subjected to an additional percentage in the total amount paid. The SMOSH has an affordable services for both the after school and the before school activities. SMOSH Ltd. caters to children aged 3-11 providing child care (play schemes) before and after school. Since the

The Viewpoint assignment Essay Example | Topics and Well Written Essays - 500 words

The Viewpoint assignment - Essay Example The relationship between the United States and Japan had been a complicated mix of completion, cooperation, and conflict. This began in 1853, immediately Commodore Mathew Perry came to Edo Bay and insisted on a termination to over a couple of years of Japanese isolation. Only ten years prior to this, Britain had imposed Nanjing unequal treaty on China following the First Opium War (Doyle & Xiaoming 78). The disposal of Perry’s naval power convinced leaders in Japan to sign the Kanagawa treaty of 1854 that provided for the opening of two ports to ships from the U.S. The first U.S minister to China, Townsend Harris, negotiated extra agreements to extent the rights of the United States to Japan. Thus, the U.S had showed to Japan how economic weak points had left it helpless. The Chinese were further disgraced by having to surrender legal authorities over the foreigners that resided in their nation and the port cities. The Chinese citizens were even forced by the treaties to give way to Christian missionaries from the West to proselytize in the interior parts of China. Hostility to such foreign dictations forced a rebellion that re-established the Meiji emperor and commenced rapid industrialization and modernization in which leaders in Japan borrowed and learned from foreign countries, especially the U.S. The ability of the Westerners to inflict their economic demands on China forcibly was too harsh to the Chinese perception of themselves as an extremely developed civilization. In addition, the Western concept of a structure of international relations carried out among supreme nation-states challenged the identity of the Chinese as universalistic, advanced civilization. It was also hard for the courts in China to adapt to a system that had developed in the West by the 1800 where supreme nation-states interrelated as equals (Doyle & Xiaoming 90) The intellectual history of the Qing dynasty in the late 18th century shows how

Intro to Mngt Essay Example | Topics and Well Written Essays - 500 words

Intro to Mngt - Essay Example Management is a generic term which can be applied to anything undertaken. It could be management of any kind of task. While business pertains to larger entity and usually involves more resources consumption, more manpower utilization and ultimately broader scope. Management usually requires more clerical and on the paper activity while business may be conducted in aloofness from the on the paper procedures and documentation. Business can be that of commercial level and outdoor activities. Management at the same can be applied to businesses while the term is non exclusive one towards management. In other words, each has their own domain yet management being implementable to business, while the latter may not be implementable to the former. Classical Approach of Management came to fore at a time when the industrial development rose up and the need was felt for making use of the industrial environment in a better way. As a result different modes of classical approach were introduced which are vis a vis: Each has given flexible options in their own way and have improved the manner in which businesses were being conducted in past. The proponent of this theory was F.W. Taylor (Raju & Parthasarathy 2004). While scientific management approach is reliant on the technical knowledge and based on that knowledge the execution according to the desired manner. In a collective way, these three models have paved way for the current state of managerial development and the fruit being extracted from it in form of high productivity and satisfaction of all the stakeholders. Bureaucratic management model was more focused on public administration and the working and governance of the controlling lines such as political and line management. its traces can be stretched back to 18th century and the pioneer behind this idea was Max Weber. Out of these three, administrative management provides more options, for the mere reason that it takes

Economic Development of Greece Essay Example | Topics and Well Written Essays - 3000 words

Economic Development of Greece - Essay Example Economic development attempts to find the reasons behind the labour differences between countries or it may analyse why certain countries have higher levels of foreign investments compare to others. (Gills, 1996) Government policies normally involve efforts made by the government of the day to improve overall economic indicators. Governments can do this with the aim of reducing high unemployment rates, increasing their tax rates, instituting stable prices within the economy or expanding the tax rates. Governments can achieve this through tax policy adjustments, regulating their financial institutions and changing their fiscal policies for the better. Infrastructural policies on the other hand normally involve the use of programs aimed at making public services and infrastructure better. This is done through building affordable houses, introducing better educational facilities, reducing crime rates, building roads and many others measures./ Lastly, economic development can also be achieved through employment creation. Governments normally need to direct their efforts towards specific industries in any of the following areas; marketing, business expansion, business retention, real estate development, finance, technology transferred among other things. (Todaro, 1997) During the decade 70s, The Greek government em... They started with the introduction of uranium exploitation efforts in the northern part of their country. Their mission was to develop this sector so that they could reduce their inflation rates. Additionally, the Greek government wanted to improve their financial status through this project. By developing their natural resources, the country would curb the need to import some of these minerals and they would also get an outlet for generating more revenue. Greece was endowed with a number of resources. First of all, the country had oil reserves; secondly, it was rich in lignite. But before the seventies, Greece was not taking full advantages of these two mineral resources. The government passed laws that would facilitate greater exploitation of those minerals. These aggressive measures caused decreased balance of payments and inflation rates. This is because the country minimised its dependence on imports and substitute these with its own products. In relation to this, Greece decided that their currency would not be measured against the United States dollar. Proponents of this change claimed that they were trying to make their local currency stronger. On top of this, it was also supposed to include other development partners in the Greek currency. The decision to de-link the US dollar from their currency was made in the year 1975. (Embassy of the United States, 2007) In the next decades (1980s and 90s), the Greek government decided to move towards privatisation. In the early nineties, these efforts paid off, the country recorded a Gross Domestic Product of thirteen and fifteen percent. That period of time saw the transformation of twenty eight companies from public to private institutions. At that time, the government tried to

Professional and Personal Growth-Reflective Report Assignment

Professional and Personal Growth-Reflective Report - Assignment Example However, managing people is a very challenging undertaking to most managers today. This is particularly so managers who lacks effective leadership skills. Effective management of people also requires fostering collaboration within the organization. Collaboration within the organization is important since it helps in building effective teams. However, I knew very little regarding the importance of effective management of people and fostering collaboration until I learned about leadership content of the course. When learning about leadership in an organization, I came to realize that an effective leader is one who knows how to manage his people. Salacuse (2006) attributed this to the fact that employees are one of the most important assets of an organization. As such, an effective leader must adopt an effective leadership style that inspires his followers towards the attainment of the organizational goals. The content of leadership also brought me to the aspect of collaborative leaders hip style that leaders might adopt as way of fostering teamwork in an organization. In this regard, the content demonstrated the importance of collaboration between managers and employees in an organization. Managers can build effective teams by adopting a collaborative leadership approach. My improved understanding of managing people and fostering collaboration through leadership has had a positive impact on the value that I will bring to my role within an organization. ... This follows my improved understanding that collaborative leadership motivates employees to work hard towards the attainment of organizational goals. 2. Week 3 Sentence Global warming is one of the major environmental problems facing the world today. Pollutants from companies have been cited as one of the major causes of environmental degradation in the world today. As such, I inspire to make the world better by minimizing the level of emissions and promoting responsible disposal of waste products in the organization where I work. Minimizing the level of emission will help mitigate the global warming problem that continues to impact negatively on the world. At the same time, promoting responsible disposal of waste products will help create a society that is not only clean, but also healthy to people. To become a manager who ensures that the organization I work for protects the environment through responsible disposal of waste product and minimization of pollution, I intend to sensiti ze the employees and colleagues in the organization on the need to protect the environment from pollution. Doing so will make other managers in the organization, as well as employees understand why protecting the environment is important to the community around and the world at large. To ensure that my relationship with my spouse and family become an enduring source of happiness, I intend to respect family values. This begins by showing love and respect to my spouse and family. At the same time, I will ensure that there is effective communication between them and myself. Maintaining effective communication will help solve grievances that may threaten the relationship and happiness. Maintaining faithfulness with my spouse will also be important for building trust, which

Obsessive Compulsive Disorder Essay Example for Free

Obsessive Compulsive Disorder Essay Imagine staying away from everybody, isolating yourself form someone you love, a family member or colleague because they seem to be sick. Imagine not being able to shake hand, kiss, or hug anybody because you are concerned that you might get some bacteria form them. Imagine not being able to open a door or pressing a button in the elevator with your hand because so many people have touched it before you. Imagine if you repeatedly check if the door of your apartment is locked even though you know for sure that you have locked it and you have checked several times. These are some symptoms of an anxiety disorder known as Obsessive Compulsive Disorder (OCD) which is characterized by uncontrollable, unwanted thoughts and repetitive, ritualized behaviors you feel compelled to perform. I have read about this disorder a long time ago because I noticed it with the Canadian comedian Howie Mandel. I noticed that Howie has mysophobia, so he does not shake hands with anybody. But I didn’t think about it as a mental illness, I thought it was just a fear that developed in his mind because of an incident that happened to him and I thought it would go away easily by facing that fear. But after watching the movie Back Form Madness, I realized that it is more complicated than what I thought it was. Glen, the photographer, was the person who got most of my attention, mainly because I am a photographer and I have done wedding photography for a while. So I know how hard it is for a photographer to take a perfect picture and the different aspects that should be focused on while taking a picture. Having OCD would defiantly make it much harder because you will be checking so many things in the camera and will take a long time to take a picture which will cause you anxiety because the customers will be mad. In this case, I will stop shooting and I will do the cingulotomy surgery even though, as Glen said, it is very dangerous and very painful. After the surgery, Glen was hopeless because he thought that he would die without getting cured. I cannot really talk about how I would feel because I believe that we cannot feel the whole pain of others unless we are in their shoe. But all I can say is, hope is in the horizon as the sun keeps rising every day with new opportunities to everybody.

Impact of Strategic Planning Processes

Impact of Strategic Planning Processes 1. Briefly explain strategic management in your own words. Strategic management is the process of describe the organizations mission, vision and objectives, developing policies and plans, projects and programs in order to achieve the objectives of the firm, and then distribute resources to conduct the policies and plans, projects and programs. In other words, strategic management is the ways of drafting, implementing and evaluating cross-functional decisions that will enable an organization to achieve its long-term objectives. (David, 1989). Strategic management involves adapting the organization to its business environment. Strategic management is a level of managerial activity under setting goals and over Tactics. Strategic management provides overall direction to the enterprise. The features of the strategic managements are as following: Strategic management is non-repetitive so each conditions is unique and requires to be assessed in its own circumstances. Strategic management provides direction to entire organization. Strategic management requires strategy formation and implementation. Strategic management is partially planned and partially unplanned. Strategic management is done at several levels: overall corporate strategy, and individual business strategies. Strategic management involves both conceptual and analytical thought processes. In conclusion, strategic management is an ongoing process that evaluates and controls the business and the industries in which the company is involved; assesses its competitors and sets goals and strategies to meet all existing and potential competitors; and then reassesses each strategy annually or quarterly to determine how it has been implemented and whether it has succeeded or needs replacement by a new strategy to meet changed circumstances, new technology, new competitors, a new economic environment., or a new social, financial, or political environment (Lamb, 1984). 2. How do you explain the success of firms that do not use a formal strategic planning process? Success in todays business environment requires that a companys leaders have the ability to create a vision of the organizations future direction as well as the course it needs to get there. Strategic management is concerned with the future success of the business and may entail major changes in the benefits to be offered customers, in organizational capacity, and in competitive posture. When we look at the internal and external factors in the business we are doing, we see that the factors such as market segments, competition, economy, regulations, etc. are changing regularly. Without challenging all of those working assumptions, particularly market segments, competition, opportunities, threats, industry scenario and winners profile, the company cannot craft their revised course and direction, goals, objectives and action plans. So, strategic planning helps organization set a much clearer direction for the future. If you fail to plan, you are planning to fail. By acting on this, strategic management actually gives the organization direction, a sense of identity and unity towards what the business goal. Strategic management has an importance of towards business success. In conclusion, strategic management takes into consideration the companys vision and mission. Strategic management helps in achieving the organizational goals in an effective and efficient manner and monitoring the implementation of strategy using a system interlinked with the long term vision of the corporations. Improved strategic management processes may also facilitate the development of the more complex management structural that are needed as firms grow. 3. Few people reach the top-management level. Why, then, is it important for all business majors to study the field of strategic management? Management is known as the highest level of business planning. Strategic Managements focus is to build a strong business foundation which will subsequently reflect on collaborated efforts involving each and every single individual of an organization so strategic management process is the concern of every single person in the organization because of this issue, it is important for all business majors to study the field of strategic management. In more detailed terms, strategic management determines what the objectives of a business are. How to develop the ways of achieving the determined objectives and what are the resources needed in order to achieve the objectives. It also covers the core objectives of an organization; it involves developing a mission statement wherein it covers the landscape assessment of the organization, such as how the operations would run and who will be the people assigned to play the key roles within the organizations landscape. Another area is the vision statement, wherein through Strategic Management, the organization will establish key objectives to respond to the gray areas and unmet needs of their business, deciding for which will entail consideration of both short-term and long-term offerings of the organization. Every person included major should study the strategic management in order to know and implement their responsibilities towards the companys missions. The next step of strategic management is to develop a strategic plan which will efficiently and effectively run in order to meet their goals and objectives. In formulating a strategic plan, Strategic Management comes in to delegate individuals who are equipped with the adequate knowledge, experience and skills with the needs and objectives of the business. After delegation, distribution of responsibilities for tasks and processes will follow which calls for the combined efforts of all employees, in this phase they would need to effectively communicate their responsibilities and determine their deliverables. As a final point, strategic management calls for the allocation of the precise quantity of resources to the diverse aspects of the business in order for those assigned to the specific goals will be able to attain their objectives. This varies from providing the employees with the exact resources to ratifying systems wherein employees will receive the essential and needed training, all processes of work are tested, and at the same time all generated data and information is well documented. In order to effectively and strategically manage the business, every facet of the organization should meet their needs so that in the long run, all aspects of the work involved will run seamlessly and will function as an integrated whole. 4. In what ways do you believe the strategic planning approach of not-for-profit organizations would differ from that of profit-oriented organizations? Simply put, strategic planning determines where an organization is going over the next year or more, how its going to get there and how itll know if it got there or not. The focus of a strategic plan is usually on the entire organization. The focus of the planning activities is often different between for-profits and nonprofits. The typical profit seeking firm relies almost solely on the sale of its good and services to the public for its sales and revenue. For-profits tend to focus more on activities to maximize profit. On the other hand, nonprofits tend to focus more on matters of board development, fundraising and volunteer management. Not-for-profit organizations also serve the public as profit seeking companies but those firms mostly depend on membership fees, endowments, donations, contributions in addition to revenue. Their priority is not maximizing their profit because they have other incomes. So the target usage of strategic planning is different for profit seeking and not for profit organizations. However, not for profit organizations may use strategic planning for their fund raising operations. A strategic plan doesnt guarantee theyll reach or exceed their fund-raising goals. But at the very least, it provides them with a clear, well-lighted path to reach them. Fund raising in the absence of a good strategic plan is like going on a hike in the middle of the night without a flashlight or map. In conclusion, because of the structure and target difference between profit seeking and not for profit organizations, their priorities about revenue are different. So they use strategic planning for different purposes. Case Study Exercises: 1. What do Michael Moores documentary, wealthy Saudi investors such as the bin Laden family, George H.W. Bush, and former Prime Minister John Major have to do with the transformation of the Carlyl Group? When the founders of the company close to the retirement age, they decided to refashion their firm radically. They want their firm more ambitious, more diverse and more lasting. Before the decision, some of the wealthy Saudi investors had some money into the company. After 9/11, those Saudi investors might create a bad image on to public eye because none of the US citizen, want any of the company, person or country that support the terrorism. So, giving back of the Saudi investors money would be a big strike for the company. For instance, The Saudi Arabian relatives of Osama bin Laden were also investors in Carlyle until October 2001 when the family sold its $2.02 million investment back to the firm in light of the public controversy surrounding bin Ladens family after the terrorist attack on September 11, 2001. The bin Laden family has publicly disowned the al-Qaeda leader. Osama bin Laden has not publicly known or acknowledged economic interest in Saudi Binladin Group (SBG), whose investments were in part managed by the Carlyle Group until the arrangement was terminated by mutual consent (bibliotecapleyades.net). The other point is George H. W. Bush and John Mayor were their senior advisers. According to new radical change of Carlyle, it was told that those two were no longer a member of the Carlyle Family because they hurt the companys image. 2. Discuss two of the red flags that accompany Carlyls radical makeover. One of the red flag is regulations. U.S department of justice sent a letter to Carlyle asking information on club deals because the company was making good deals and their earnings are so big. Also the other issue is their huge portfolio caught the interest of the Federal Trade Commission. They made some constraints about their buyouts. The other red flag is easy access to capitals because easy access to capital now can set up big trouble for later on. If interest rates rise, opportunities to refinance dept will disappear, cash flows will shrivel and bankruptcies will occur. So, Carlyle made faster its buyouts and selling issues. For example, they bought the Hertz for $15 billion, just after 6 months, they earned $1billion dividend. Then they promptly took it to public again. 3. What steps has Carlyl taken to implement a participative approach to strategic decision making? After they decided to make radical change in company, they first started to change their image on public eye. They asked binladen family to take back their money. Also they wanted George H. W Bush and J. Mayer to leave the company. They hired new and publicly regarded people to underscore Carlyles commitment to portfolio diversification and upright corporate citizenship. Carlyle also pared back its defense holdings. In next stage they redefine the very nature of private equity. Carlyle has spread its money among no fewer than 48 funds around the world and launched a mind boggling 11 in 2005 and 11 in 2006. Also they diversed their expertise about buyouts and deals in a broad swath of alternative assets such as venture capital, real estate, collateralized debt organizations. Also they expect to increase the percentage of those other alternative assets. The other thing is, they avoid risks. According to them the more diverse the assets mean the better risk-adjusted returns. Strategic Management Plan 1 Describe your chosen business for this project in a one-page summary. I want to mention about Tesco PLC. Tesco PLC is a United Kingdom-based international supermarket chain. It is the largest British retailer, both by global sales and by domestic market share, and the fourth largest retailer in the world behind Wal-Mart of the United States, Carrefour of France, and The Home Depot of the United States. Tesco has a market value of about  £29.090 billion. Tesco has become quite a successful hypermarket today; expanding to countries like Hungary, Taiwan, Thailand, Turkey, South Korea and Malaysia and many more other countries. Its success is shown not only in its physical expansion, but in its internal control as well. Tesco is one of largest food retailers in the world, operating around 2,318 stores and employing over 326,000 people (tescoplc.com) Originally specializing in food, it has diversified into areas such as clothes, consumer electronics, consumer financial services, selling and renting DVDs, compact discs and music downloads, internet service consumer telecoms and most recently budget software. Also in recent years they expanded their product range to organic foods, healthy living/light choices, world foods, wholefoods, bakeryà ¢Ã¢â€š ¬Ã‚ ¦ etc. Tesco practices the systematic delegation of the power within the organization; there are different roles and responsibilities assign among the executive committee, nomination committee, remuneration committee and audit committee to run the business efficiently and in an orderly manner. Their mission statement is creating value for customers to earn their lifetime loyalty. I can willingly say that this mission statement definitely shows Tescos approach to their customer. As I worked at one of Tescos branch for 6 months as the supplier to Tesco, they choose all the products for the stores meticulously. Their aim is to bring healthy, safe but cheap products into the stores. So their customers know that in spite of their cheap prices, their products are safe and healthy and they can buy and use them without hesitating. They create such an atmosphere and this pursuit carries them among top retail stores. 2 What form of communication about the strategic management process would be helpful to the employees in your organization prior to beginning the process? In my opinion, the determination of mission statements, and acceptance and implementation of them would be helpful to the employees in my organization at the beginning of the strategic management process because the mission statement defines the purpose of a company or organization. In clear terms it is guide the actions of the organization, spell out its overall goal, provide a sense of direction, and guide decision-making. Mission statements contains of the purpose and aim of the organization, the organizations primary stakeholders: clients, stockholders, congregation, etc., responsibilities of the organization toward these stakeholders, and products and services offered. Mission of the company communicates the firm ´s core ideology and visionary goals. It should contain the company ´s core values, core purpose and visionary goals. While the visionary goals are selected the core values and purpose of the firms should be discovered. Values and purpose are in the company already, the mission just describes them. So, every strategic management process starts with the understanding of the actions and goals by the employees. Actually, the mission statement does not only deal with employees. Every single person in the organization should know the missi on of the organization and behave accordingly. In my organization the mission statement of Tesco is Creating value for customers, to earn their lifetime loyalty. In spite of their cheap retail price pursuit, they never give up from the design quality and safety of the products. When the Tesco buyers trying to put trendy styles to the stores, they also seek the safe and healthy products for costumers. So it means that the customer can buy the high quality and trendy products by paying very little money. This policy overlaps with the mission statement. The customers are happy with their purchase, they would come again and thus Tesco would earn their lifetime loyalty. So, that mission statement creates a force on employees that they should create such products to earn their lifetime loyalty. Every person in the organization pursue towards that goal. Whatever their duty is in the organization, their goal is the same so they are locked to achieve it.