Organizational Culture – Development and Importance

Management Principles

Five Important Organizational Cultural Models

Management Principles

The Customer Satisfaction Model – Based on American Customer Satisfaction Index (ACSI)

Marketing Management

6 Tips on Choosing the Right Forex Broker

Personal Finance

The ADDIE Model for Instructional Design in Training Development

Human Resource Management

Case Study: Balancing Culture and Growth at Starbucks

Howard Schultz built Starbucks into one of the most successful companies in the United States. Indeed, Starbucks has joined such other iconic American corporations as Disney and McDonald’s in spreading its brand across the globe. Indeed, Schultz has come to symbolize a new breed of high successful entrepreneurs. His 2000 memoir, Pour Your Heart into It: How Starbucks Built a Company One Cup at a Time, became an instant best-seller. People can be forgiven if they believe Schultz was the company’s founder, but this is not the case. Starbucks, in fact, was founded in 1971. It was already a thriving, albeit small, coffee bean market in Seattle’s Pike Place Market when Schultz first dropped in. At the time, he was selling kitchenware for a Swedish manufacturer. It was, he claims, love at first smell. In 1982, he moved to Seattle and joined the company as director of retail operations. A visit Continue reading

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What is Transformational Leadership?

In any organization, the focus is based on yielding high profits. The key to this lies in the leader, who in turn inspires the staff. Leadership in an organization is usually classified into different categories based on the style the leader uses. Different leadership styles are used to attain desired goals, but the secret to an organization that is effective in achieving its goals lies in the use of transformational leadership. A leader usually uses power and influence to exercise authority. In transformational leadership, however, the idea is to emphasize influence to manage the teams and bring them aboard to understand the leader’s vision. Transformational leadership can be defined as implementing new ideas through adopting a more flexible and universal method of influencing and continually ameliorating those around them. This type of leadership calls for the leader and the staff to improve one another’s motivation levels. Motivational leaders bravely work towards making Continue reading

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Risk Matrix Approach to Risk Analysis

A risk matrix is defined as a table that is divided into several categories of probability, likelihood, or frequency for its rows, and multiple categories of severity, impact, or consequences for its columns. The constituents of risk ordinarily attest themselves as a hazard; which refers to the likely origin of a harmful outcome and harms; which are the ensuing damages to the environment. It incorporates generally accepted ratings of risk, urgency and priority, with every row-column pair. This is represented by distinct cells which are separately colored, using red, green and yellow colors. Each distinct cell has a different risk rating, for instance, cells colored in red will indicate risks that require an urgent attention, whereas those that are colored in green will indicate those risks that do not require to be dealt with urgently. The yellow colored cells indicate those risks that fall in between the ratings of very urgent and Continue reading

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Benefits and Drawbacks of Scientific Management Theory

Management has changed from traditional methods to more modern forms of leadership. The change has been brought by the need to change and to try to make the organizations work better. Different approaches to organizational design can affect the company’s work differently, so the management style should be chosen individually for each case, depending on the organization’s goals. One of the options is scientific management, based on applying scientific theories and principles to design work in organizations. Since the early 20th century, scientific management has been at the forefront of organizational design. The design development was spearheaded by Frederick W. Taylor, who aimed to boost workplace productivity using scientific techniques. Scientific management has substantially influenced work design in contemporary companies, with its virtues and flaws under everyday discussion. The prediction of scientific management is based on the notion that efficiency in the workplace may be increased via scientific methodologies and Continue reading

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Understanding ROI in Higher Education: How Students Evaluate the Value of an MBA or BBA Degree

In today’s competitive job market, pursuing higher education, especially business degrees like an MBA or BBA, is seen as both a professional investment and a complicated financial decision. As tuition costs rise globally, students are increasingly assessing their educational choices through the lens of return on investment (ROI). Evaluating ROI in higher education helps prospective learners understand whether the time, money, and effort they invest will generate meaningful personal and professional returns in the long term. Here’s what you need to know:  The Concept of ROI in Education In traditional business terms, ROI measures the profitability of an investment relative to its cost. Applied to education, ROI reflects the difference between what students spend on a degree and what they gain from it, monetarily and non-monetarily.  Financially, it can be measured through salary increases, job promotions, or employability prospects after graduation. Intangible benefits include personal growth, enhanced critical thinking, leadership Continue reading

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The Ethics of Sweatshops in Fashion Industry

Although the fundamentals of sweat labours have changed since the 18th Century, it still has many similarities between the history and the present. In fashion industry, as the market desire and has developed into new forms, resulting in the use of sweat labours to continue. Sweatshop is a general description of the workplaces which paying poor salary, unsafe or unhealthful working environment, force to a longer working period or using child labour. The term sweatshop is not a new phenomenon but in fact a derivation from history. In 1997, Nike as one of the world largest sport garment company, was caught in a scandal of using sweatshop labour for its garment production in East South Asia. Paying unreasonable salaries, forcing labourers to overwork. As a result, for many years, this has become a label that has tagged on Nike’s logo. Such a worldwide company was soon to be boycotted by its Continue reading

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