QBT Task 4 – Final Version 2 Robb Farrell Western Governors University Student ID# 000242903 THE REAL BOTTOM-LINE OF TODAY’S BUSINESS Research reveals that companies that focus on adhering to ethical standards and investing in socially responsible practices to the benefit of all stakeholders have a significant business advantage it today’s market place. Socially and ethically conscious originations have compelling business results in related to employee loyalty, company profits and consumer affinity. There was a time in our capitalist society that an organization’s number one priority and predominant focus was profits and shareholder interest. Indeed things have and are changing. In today’s market climate, companies have had to increase their consciousness as to what really matters.
Strategic Plan: Part II Anonymous BUS/475 February 23, 2000 n.a. Strategic Plan: Phase II Several trends and forces, both external and internal factors can lead businesses on different pathways. Trends and forces are necessities that must be analyzed by organization and fostered as a tool to increase revenue. Organizations that respond and react to changes and modify their strategic plan when necessary will remain superior in the industry and competition. In order for a business to thrive in today’s shifting business environment, the administration of that particular organization must have the capability to respond to changes in the trends and forces in the business setting.
Corporate culture is displayed in the way a company conducts business and how employees, customers, and the community are treated. A company’s culture is also shown through the level of freedom that is allowed in decision making, personal expression, and in developing innovative ideas. Another aspect of corporate culture includes how information flows through the company’s hierarchy and how committed the employees are toward the corporate objectives (Gupta, 2009). The competing values framework (CVF) is the most widely used approach for classifying corporate
GRADED A Q#1: How may an entrepreneur determine a business venture’s success? Explain components of conducting a feasibility analysis. What element do you feel is most important? Provide examples to support your rationale. A business venture’s success is determined by the planning put into the process; a balanced execution of the process; the smooth running of the process and the financial prospect or accruement of the venture.
Financial Performance Evaluation Introduction Financial Performance evaluation is a very important analysis used for CFO and business managers to identify which aspect of the company are working effectively and which could be improved. The financial performance evaluation is a process that requires the use of different financial ratios to determine results. The most widely financial ratios used when evaluating corporate performance are profitability, asset utilization, liquidity ratios, and capitalization. Profits ratios are the most important and the one of CFO and business manager pay more attention. Profit ratios are used to determine the overall efficiency of the firm in generating returns for its shareholders.
Globalization is the key to survival that allow to a company to be competitive and offer diverse services and convenience to consumers. Benchmarking analysis that compares competitive companies with their process and performance metrics to industry requires a comprehensive research. In a successful business, effective tactical development inevitability to manage finance is essential. Financial management is a comprehensive tool that monitors and willpower to improve a company’s success. When I was conducting the research for financial statements, there were many interesting.
Staffing at Tanglewood James Cochrane Human Resource Planning Staffing at Tanglewood Tanglewood is an organization that maintains the importance of utilizing and implementing essential elements that are crucial in the development of an effective organizational strategy. By aligning human resource initiatives with organizational strategies, Tanglewood displays its ability to be a successful organization that is able to effectively unify its corporate culture in a way that positively influences its productivity and profitability. In this report, the Staffing Organizations Model as outlined by Staffing Organizations, Heneman, Judge, & Kammeyer-Mueller (2012), will be used to make recommendations to Tanglewood’s senior management and their practices towards centralizing staffing practices in their company. This report will do this by effectively highlighting elements of the model such as Organization, Organization Strategy, Human Resource (HR) and Staffing Strategy, Staffing Policies (Support Activities, Core Staffing Activities), and Staffing system and Retention Management strategies. Organization As clothing, appliances, electronics, and home décor items are their main selling feature, Tanglewood is comprised of a chain of general merchandise stores.
c. Making cross-functional decisions -Business strategy is a corporate-wide venture, requiring the commitment and shared resources of all functional areas to meet overall objectives. d. Achieving objectives -Whether the organization is seeking market leadership through low-cost, innovative products, superior quality, or other means, projects are the most effective tools to allow objectives to be met. Discuss how each of these four elements is important in understanding the challenge of strategic project management. How do projects serve to allow an organization to realize each of these four components of strategic management? Allows them to know they need to develop a plan evaluate that plan to see if fits the needs then deciding on to put it into action or not to achieve the overall goal.
These four areas help give the best outcome for the businesses sales success. The marketing process is a cycle that includes several different stages: research, strategic planning, branding, product development, sales training, bringing the product to market, public relations, and customer service. When one thinks of marketing one may only think of advertising and promotions but the marketing process is the business process. Some business scholars and professional have extended the marketing mix to include three other factors; people, processes, and physical
Executive Summary There are many factors to consider when it comes down to running a successful business such as organizational behavior, marketing strategy, and economics and finance. Organizational behavior is aimed at elevating employees’ performance and organizational commitment. The marketing strategy used by a business to reach out to their target market(s), remain competitive, and make a profit. Economics and finance make it possible for businesses to apply and use various metrics to doing business to remain efficient and competitive. Many people are involved in the success of a business.