Case Study on Entrepreneurship: Larry Page

Business Analysis

The Boundaryless Career: Modern Contemperory Perspective on Career

Human Resource Management

Concepts of Throughput Accounting and Theory of Constraints

Financial Management

Kaizen – Understanding the Japanese Business Philosophy of Continuous Improvement

Operations Management

Role of Leaders in Shaping Organizational Culture

Management Principles

What is an Economic System?

A market can be defined as a place where the forces of demand and supply operate or where buyers and sellers can interact – directly or indirectly – to trade goods and services. This therefore means that marketing is the process of identifying, anticipating and satisfying consumer requirements effectively and profitably. The concept of marketing is basically to make profit by satisfying consumers in a particular location. In conclusion, the idea of a market and the concept of marketing can be utilized as the economic system of a country/state. Economic System can be defined as a refereed journal for the analysis of causes and consequences of the significant institutional variety prevailing among all developed, developing, emerging, and transition economies. It can also be defined as an organized way in which a state or nation allocates its resources and apportions goods and services in the national community. The major function of Continue reading

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Application of Complexity Theory in Organizational Change

The organizational change is an integral part of every company nowadays. All organizations should be able to adapt to the rapidly changing environment. Globalization, technologies, pluralism, and multiculturalism are factors that predetermine the need to adapt to alternations to remain competitive in the sphere constantly. Managers may utilize a complexity theory to implement organizational change. According to this theory, the organizations are characterized by non-linear relationships and lack of order. Managers should identify the connection between variables to conduct an efficient change. Still, many employees resist to changes. Scientists and researchers have made many attempts to comprehend the way organizations function and develop. Various approaches to their understanding have been used. For instance, the organization was often compared to the machine. However, this seeing of organization is no longer relevant due to the development of other theories. The complexity theory presupposes that organizations function based on instability, entropy, nonlinearity, and Continue reading

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The Role of Strategic Leadership in Change Management

Strategic Leadership The term ‘strategy’ is very common in the business world today. However, the word ‘strategy’ has been broadly used that it has lost clear meaning. Despite the significance of strategy, there is astoundingly little consensus on what it means. Nonetheless, the fact is that behind every success, there must be a strategy. A strategy is an ambiguous term normally linked to long-term planning, prearranged goals, and a preferred system of creating a balance between the organizational resources and externalities. The contemporary schools of thought in strategic management strongly suggest that strategy should be comprehended as the creation of the organization’s goals, which is realized through joint effort, regarded as a constant process, and distinctive strategic vision and core values are terms that are often used in strategic management. Strategic vision refers to the executive views on the long-term direction. On the other hand, core values are the principles and Continue reading

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Spiral of Silence Theory

Elizabeth Noelle—Neumann’s Spiral of Silence theory analyses  and demonstrates how interpersonal communication and media operate  together in the development of public opinion.  Elizabeth Noelle-Neumann is a  German political scientist.  Through  this Spiral of Silence theory  Neumann indirectly explains the  Jews status during World War II  under  Nazi’s  control.  Adolf Hitler  dominated the whole society and  the minority Jews became silent  due to the fear of isolation or  separation. This theory states that in elections certain views seem to get more  play than others. Sometimes people mute their opinions rather than talk  about them. It occurs when  individuals express when they perceive that their opinion is popular and  those who think otherwise remain quiet. This process occurs in a spiral,  so that one side of an issue ends up with much publicity and the other  side with little. This expression/non-expression rests on two premises.  The first is that people know which Continue reading

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Case Study: Jack Welch’s Leadership Legacy

Jack Welch was the CEO of General Electric (GE) between 1981 and 2001. He was the youngest CEO to be appointed in the company. He joined the company in 1960 and later promoted to be the vice president in 1972. Welch ascended the organizational hierarchy, first serving as the vice chairman in 1979 and later became the CEO in 1981.  Jack Welch was born in 1935 and brought up in Peabody, Massachusetts by his two parents who were Roman Catholic. His father worked as a railroad conductor and his mother was a housewife. Jack’s father worked for many hours in order to support his family. Jack and his mother used to go to the train station to wait for his father and as they waited, they had talks with his mother, which served as his early education. He studied at Salem High School, attended Massachusetts University, and attained a degree in Continue reading

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Case Study on Business Ethics: The Wells Fargo Fake Accounts Scandal

Wells Fargo, one of the largest and most profitable banks in America, struggles to repair its dented image after it was caught in a mega fraudulent accounts scandal. The San Francisco-based bank had its management pressure on its employees to meet unrealistic sales targets, which led to the fake account incident. The customers were forced to pay bank charges they did not know about, and it was much later that the scandal was unraveled. Between 2011 and 2015, more than 1.5 million accounts were opened by Wells Fargo employees, and 565,000 credit cards were applied in customer’s names without their authorization. During a lawsuit by the government regulatory bodies, the Securities and Exchange Commission (SEC), the Department of Justice (DOJ), and the Federal Reserve, it was established that Wells Fargo blatantly falsified its bank records. Apart from the hefty fines that have been imposed on Wells Fargo, there are lessons Continue reading

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