Sample essays on business studies
Sample Essay
According to Byrens (2008, p. 56), the last sixty years have witnessed an in depth study of the scientific management and work environment which have led to a better understandability of how employees give in their input and what could be done to improve working methods. As a result terms and methods such as operations research and critical path analysis have been devised to have scheduled procedures in completing a task.
Sample Essay
As time progressed, various management theorists devised opposing theories which proved that money is not the only motivating factor and that there exist other factors that determine one’s stance at work. Related arguments can be drawn based on Maslow’s hierarchy of needs, Herzberg’s hygiene and motivating factors and McGregor’s Theory X and Theory Y. Thus, the workers that Taylor described as being productive due to money as being the only motivator could be related to McGregor’s Theory X individuals (Byrnes 2003, p. 55); these are people who are not self motivated and are most likely to be pushed or forced to work. Therefore, it also had various other limitations as workers would deem their job invaluable thereby sacrificing quality in order to produce more and more units and undermine the quality of output.
Sample Essay
‘Open Market Operations’ is one of the tools used as part of the monetary policy. In order to facilitate banks reserves thereby increasing bank deposits, The Federal Reserve buys financial assets which include buying government bonds from the general public (Frank and Bernanke 626). It happens to be a continuous cycle whilst the government prints more money to pay for these bonds, the public in return deposits the money in commercial banks as receipts of selling bonds.
Sample Essay
One of the moves made to help developing nations specifically is the creation of the MIGA—Multilateral Investment Guarantee Agency and the International Finance Corporation. The Multilateral Investment Guarantee Agency is designed to encourage investment in developing investment.
Sample Essay
The cost leadership strategy is one which the producer attempts to standardize procedure and processes in order to cut costs wherever possible. It is clear that each of these strategies would require different HR policies by companies. For example a company following the cost leadership strategy will be more biased towards the Theory X of management.
Sample Essay
Conflicts and Partners’ Objectives:
Conflicts might occur based on the interest of groups with the organization or partners, however, it depends whether the conflict is positive and negative and what effect it would have on the organisation as a whole. Management styles would noticeably differ based on the style in use such as a democratic, autocratic or laissez fair as these determine the level of employee involvement.
Sample Essay
The pull strategy should be based on properly managed inventory levels. This implies that all buffer stocks are kept depending on the prevailing consumer demand and lead time properly managed so that there are no delays. According to Weber and Aburto (1), supply chain management affects all agents of change and it is thus very essential especially for supermarkets to apply advanced technologies so that they are able to maintain a highly competitive stance. Thus, a hybrid intelligence system is very effective for managing demand forecasts.
Sample Essay
New product development is dependent upon a number of factors to be a long term success. New products should promise customer benefits and a value for money thereby having differentiation and superior in value being the primitive need for the company. Therefore, if differentiation is not present, the target market would have a unified perceived position as of other similar products existing in the market. Moreover, the ‘ready, fire and aim’ approach should be avoided as this could take the product to a decline stage immediately because of lack of testing in the market place. The testing phase should be given utmost importance to so that by the launch phase the outcome and results are estimated.
Sample Essay
In order to have investor confidence in the company, it’s whereabouts should be notified with to the stakeholders as they are part of the company. Similarly, since, Steve Jobs took a 6 months leave in the year 2009 it resulted in a great deal of uncertainty prevailing in the marketing which also witnessed the fall in stock prices for Apple. It wasn’t until Jobs himself notified the rest of the employees through mail of his deteriorating health concern, it was initially his cancer and later a liver transplant that made the leave of absence inevitable and Tim Cook (COO) in charge of company operations.
Sample Essay
New theories of human resource management call for more performance based rewards, involvement of senior management in setting HR policies and greater involvement from the workforce in policy formulation then before.