Business Management Essays (Examples)
Study Document
Risk Management And Insurance
...Business management
Q1
Annuities account for a great part of the protection one affords self against death. They do not follow the application of the law of large numbers as the law is traditionally utilized in life insurance. It has, therefore, been referred to as “upside-down life insurance.” When an annuitant passes away during the period of accumulation, their beneficiaries are paid a death benefit. The common treatment of annuities is to account for gross premium returns excluding interest or to account for the cash value, whichever is greater. The principle is for the principal sum to be liquidated over the annuitant’s lifetime regardless of the means of accumulation.
Q2
Annuities can fall under various classes. Traditionally, the following classifications have been used to differentiate annuities:
i. Individual vs. group annuity
ii. Fixed-dollar vs. variable annuity
iii. Deferred annuity vs. immediate annuity
iv. Installment annuity vs. single-premium annuity
v. Single life vs.……
References
References
Vaughan, E. J., & Vaughan, T. (2007). Fundamentals of risk and insurance. John Wiley & Sons.
Study Document
Quality Improvement Plan
… is a faster response to the customer query and the customer can receive the message promptly. With a focus on the customer, a business must be able to meet the customer where the customer feels most comfortable (Carvalho, Magalhaes, Varela, Sa, & Gonçalves, 2016). Some customers would … 2016). Some customers would prefer to interact via calls and others will prefer social media. With a presence in both these avenues, the business can be assured that it can interact with the customers and the business is able and willing to attend to customer problems or queries.
Customer loyalty will have a positive impact on output satisfaction. This is … or queries.
Customer loyalty will have a positive impact on output satisfaction. This is because loyal customers will become repeat customers and the business will increase its outputs. Therefore, the business will benefit since the customers will be satisfied with……
References
References
Brown, C. (2019). Why and how to employ the SIPOC model. Journal of business continuity & emergency planning, 12(3), 198-210.
Carvalho, M. S., Magalhaes, D. S., Varela, M. L., Sa, J. O., & Gonçalves, I. (2016). Definition of a collaborative working model to the logistics area using design for Six Sigma. International Journal of Quality & Reliability Management, 33(4), 465-475.
Shojaie, A. A., Raissi, S., & Dogahe, R. A. (2016). Impact analysis of TQM\\\\\\'s hard aspects on sigma level in electronics and telecommunication production process. International Journal of Productivity and Quality Management, 18(4), 425-439.
Study Document
Home Depot Response To COVID 19
Home Depot and the Pandemic
The novel coronavirus (COVID 19) has affected business operations across the globe because of the health and safety risk it poses. As the virus continues to spread and affect many people … measures that seek to protect people’s lives and properties. Measures adopted by governments have not only affected people’s normal lives, but also disrupted business operations. Additionally, business have been forced to make a series of changes in their operations in order to enhance the health and safety of their customers, … their operations in order to enhance the health and safety of their customers, workers and associates. Home Depot is an example of a business that has transformed its operations in efforts to adjust to the impact of the global pandemic. This paper explores how Home Depot is … paper explores how Home Depot is adjusting to the pandemic through changes in its……
References
References
Cheng, A. (2020, April 1). Walmart, Home Depot Implement Safety Measures Amid Coronavirus Pandemic. More Companies Should Follow Suit. Forbes. Retrieved April 29, 2020, from https://www.forbes.com/sites/andriacheng/2020/04/01/walmart-home-depot-did-the-right-thing-on-this-front-to-flatten-coronavirus-curve-more-companies-should-follow/#60e61a9a24d3
Home Depot Product Authority. (2020). COVID-19 Update: How Home Depot is Responding. Retrieved April 29, 2020, from https://corporate.homedepot.com/newsroom/covid-19-update-how-home-depot-preparing-and-responding
Kawshala, H. (2017, February). Theorizing the Concept of Core Competencies: An Integrative Model Beyond Identification. International Journal of Scientific and Research Publications, 7(2), 253-256.
Putra, Y.S., Sudarmiatin & Suharto. (2018, April 23). Analysis of Differentiation Strategies to Create Competitive Advantages in Facing Global Markets. In The first international research conference on economics and business, 254-269. DOI 10.18502/kss.v3i3.1888
Trefis Team. (2017, May 30). A Closer Look at Home Depot’s Growth Strategy. Forbes. Retrieved April 29, 2020, from https://www.forbes.com/sites/greatspeculations/2017/05/30/a-closer-look-at-home-depots-growth-strategy/#6c6e177b2e76
Study Document
Global Issues And Diversity
Introduction
Diversity is a common topic in business today, for a few different reasons. First, most workforces these days are diverse places, but even when they are not, people work with … are not, people work with other offices in other countries, with suppliers around the world, and with customers wherever they are found. If business fifty years ago was largely a regional affair, it is fully global today, and that demands an entirely new skill set around understanding … today, and that demands an entirely new skill set around understanding diversity and global issues, and working within those contexts to deliver exceptional business results.
Diversity
There are a few different ways to understand diversity. The first is to take sort of a “census” approach, breaking people … from countries that have high levels of diversity of their own.
It is important to recognize diversity based on such demographic characteristics……
References
References
Dyllick, T. & Muff, K. (2015) Clarifying the meaning of sustainable business: Introducing a typology from business-as-usual to true business sustainability. Organization & Environment. Vol. 2015, 1-19.
Lozano, J. & Escrich, T. (2017) Cultural diversity in business: A critical reflection on the ideology of tolerance. Journal of Business Ethics. Vol. 142 (4) 679-696.
Maj, J. (2015) Diversity management’s stakeholders and stakeholders management. Proceedings of the 9th International Management Conference. Retrieved February 19, 2019 from https://www.researchgate.net/profile/Jolanta_Maj/publication/282848702_Diversity_management\\\\'s_stakeholders_and_stakeholders_management/links/561e400f08ae50795afd9360/Diversity-managements-stakeholders-and-stakeholders-management.pdf
Study Document
The Transformation Of The US Into Oceania
… developments in technological security capability, employers can now monitor their employees’ activity on their computers and other company-provided electronic devices” (Ethical issues facing business, 2020, para. 3). In fact, fully two-thirds (66%) of American companies currently monitor their employees internet activity, and…[break]…a blind eye to violations of … the most ethically minded leader is faced with some profound dilemmas when it comes to privacy.
As also noted above, increasing numbers of business of all sizes and types are routinely collecting personal information about their employees and consumers, so the failure to follow suit may place … enjoy the deep pockets that Amazon has to fight government efforts to violate consumer privacy, but there are some steps that virtually all business leaders can take to help ensure that protocols are in place to protect employee and consumer personal information to the maximum extent possible … people to potential harm” (para.……
References
References
Black’s law dictionary. (1990). St. Paul, MN: West Publishing Company.
Cantor, M. D. (2006, Summer). No information about me without me: Technology, privacy, and home monitoring. Generations, 30(2), 49-55.
Ethical issues facing businesses. (2020). Florida Tech. Retrieved from https://www.floridatech online.com/blog/business/the-5-biggest-ethical-issues-facing-businesses/.
Haslag, C. (2018, Fall). Technology or privacy: Should you really have to choose only one? Missouri Law Review, 83(4), 1027-1033.
Karn, R. (2019). The biggest threat to data security? Humans, of course. The Privacy Advisor. Retrieved from https://iapp.org/news/a/the-biggest-threat-to-data-security-humans-of-course/ .
Sharma, P. (2017, June). Organizational culture as a predictor of job satisfaction: The role of age and gender. Journal of Contemporary Management Issues, 22(1), 35-40.
Taslitz, A. E. (2009, Spring). The Fourth Amendment in the twenty-first century: Technology, privacy, and human emotions. Law and Contemporary Problems, 65(2), 125-131.
Study Document
Advantages And Disadvantages Of Interrelationships Between Organizational
… Organizational Functions and Impact on Organisational Structure
Organizational Functions
The functions of an organization take into account the different aspects undertaken by the business including production or manufacturing, marketing, sales, accounting as well as research and development. In accordance to Sherman and Thompson (2019), the organizational structure … research and development. In accordance to Sherman and Thompson (2019), the organizational structure delineates the relationship and interrelations between the functions of a business and ascertains the manner in which the chain of command operates through the various levels. The interrelationship between organizational functions and organizational structure … organizational functions and organizational structure is akin to a flow chart. This is in the sense that an entity can set up its business structure around the organizational functions. However, even if the entity fails to do so, the organizational functions and structure will have an impact … an impact on one another……
References
References
Air India. (2019). Board of Directors. Retrieved from: http://www.airindia.in/board-of-directors.htm
Aquinas, P. G. (2008). Organization structure and design. India: Excel Books India.
Burns, T., & Stalker, G. M. (2005). Mechanistic and organic systems. Organizational Behavior, 2, 214-25.
Choo, S., & Bowley, C. (2007). Emerald Article: Using training and development to affect job satisfaction. Journal of Small Business and Enterprise Development, 14(2),339 - 352.
Cichocki, P., & Irwin, C. (2014). Organization design: A guide to building effective organizations. Kogan Page Publishers.
Civil Aviation. (2019). About Us: Organizational Setup. Retrieved from: http://www.civilaviation.gov.in/en/aboutus/orgsetup
Cunliffe, A. L. (2008). Organization theory. New York: Sage.
Cunliffe, A. L., & Luhman, J. T. (2012). Key concepts in organization theory. New York: Sage.
Study Document
McDonalds Quality And Improving Operations
… the leading fast-food restaurant across the globe. Since inception the company has experienced tremendous growth and profitability due to its adoption of sound business philosophies and practices. McDonalds has become a symbol of globalization given its successful expansion to various parts of the globe. The other factor … function from obtaining raw materials to production to distribution of food items/products to its customers. McDonalds Corporation has established a relatively effective operations management framework that helps in handling all its functional areas. In relation to the Operations management framework, this paper examines quality and improvement of operations at McDonalds Corporation.
Part 1 – Quality and Conformance
McDonalds Corporation operates in an … and development (Keller, 2017). As part of providing excellent customer service and ensuring customer satisfaction, McDonalds emphasizes quality as part of its operations management framework. The company’s operations management framework is established on the premise of ensuring quality……
References
References
Crom, S. (n.d.). Managing for Continuous and Breakthrough Improvement. Retrieved June 13, 2019, from https://www.isixsigma.com/implementation/basics/managing-continuous-and-breakthrough-improvement/
Hill, A. & Hill, T. (2011). Essential operations management. New York, NY: Macmillan International Higher Education.
Hu, W. & Xie, Y. (2013, April 28). Comparative Study of McDonald’s and Kentucky Fried Chicken (KFC) Development in China. Retrieved June 13, 2019, from https://pdfs.semanticscholar.org/ab1d/769d45deb5a0e03d147a04cb27fff30e6ae6.pdf
Ka-Sing, L. (2019, May). Guiding Principles a Recipe for Success. South China Morning Post. Retrieved June 13, 2019, from https://www.scmp.com/article/1006977/guiding-principles-recipe-success
Keller, C.R. (2017, September 1). How McDonald’s Became the Leader in the Fast Food Industry. Retrieved June 13, 2019, from https://profitworks.ca/hidden-blog/541-how-mcdonald-s-became-a-leader-in-fast-food-industry.html
Mulholland, B. (2018, April 6). What Continuous Improvement Is (and How to Use It). Retrieved June 13, 2019, from https://www.process.st/continuous-improvement/
Nanyang Consultancy. (2016, January). McDonalds – Charting McDonalds Way Forward. Retrieved June 13, 2019, from https://mbacasecomp.com/wp-content/uploads/2016/01/Nanyang_Mcdonalds_Final2.pdf
Team, T. (2015, October 8). Why is it Important for McDonald’s to Focus on Quality? Forbes. Retrieved June 13, 2019, from https://www.forbes.com/sites/greatspeculations/2015/10/08/why-is-it-important-for-mcdonalds-to-focus-on-quality/#1da4aebe2488
Study Document
Strengths And Weaknesses Of Various Organizational Behavior Theories
… An explanation concerning the fundamental concepts of each of these three theories is followed by an analysis of their respective importance to a business. In addition, an evaluation of the strengths and weaknesses of each of these three theories as well as the positive and negative ways … between organizational functions and the impact that can have upon organizational structure, how structure, size and scope of different organizations link to the business objectives and product and services offered by the organization and the complexities of different types of business structures and interrelationships of different organizational functions. A summary of the research and key findings concerning the foregoing organizational behavior issues are presented … definition, Seidel (2019, p. 2) provides a useful conceptualization of organizational behavior by stating: “Organizational behaviors outline the mission and goals of a business and define how its people interact within one another within its setting.……
References
References
‘About Air India.’ Air India. [online] available: http://www.airindia.in/about-airindia.htm .
Arena, MJ ‘Understanding Large Group Intervention Processes: A Complexity Theory Perspective.’ Organization Development Journal, 27, no. 1 (Spring 2009): 49-53
Braunstein, JR and Zhang, JJ ‘Dimensions of Athletic Star Power Associated with Generation Y Sports Consumption.’ International Journal of Sports Marketing & Sponsorship, 6, no. 4 (July 2005): 242-245.
Buble, M and Juras, A ‘The Relationship between Managers\\' Leadership Styles and Motivation.’ Management: Journal of Contemporary Management Issues, 19, no. 1 (June 2014): 161-165.
French, JRP & Raven, B ‘Bases of power.’ In D. Cartwright (Ed.), Studies in Social Power (pp. 150-167). Ann Arbor, MI: University of Michigan, 1959.
Gruia, GC and Kavan, M ‘An Off-Line Dual Maximum Resource Bin Packing Model for Solving the Maintenance Problem in the Aviation Industry.’ Global Economic Observer, 1, no. 1 (January 1, 2013): 135-140.
Hillman, AJ, Withers, MC and Collins, BJ ‘Resource dependence theory: A Review.’ Journal of Management, 35, no. 6 (2009): 1404-1427.
Jain, AK ‘Organizational Citizenship Behaviour as a Potential Source of Social Power.’ Indian Journal of Industrial Relations, 45, no. 3 (January 2010): 396-401.
Study Document
Manufacturing Systems In Automotive Industry
...Business management Introduction
A manufacturing system includes four different components together with the production machine, material handling system, computer control system, and human resources (Lee, 1998). In recent times, due to the technological advancement, automation of manufacturing systems has continued to become prevalent. A key aspect in the contemporary automotive manufacturing systems and automotive industries is automation. An automated manufacturing system alludes to an intersected or interrelated system of material processing stations with the capability of automatically processing an extensive range of part types simultaneously under computer control. Imperatively, the system is not just interlinked by a material transport system but also interconnected by a communication network for assimilating all aspects of manufacturing. This sort of system portrays flexibility in handling, routing, processes, and changing of tools. Also, an automated manufacturing system demonstrates key features, including a high magnitude of automation, integration, and flexibility (Swamidass, 2000). This paper examines the four different……
References
References
Boone, L. E., Kurtz, D. L., & Khan, M. H. (2009). Contemporary business. Hoboken: John Wiley & Sons.
Chui, M., George, K., Manyika, J., Miremadi, M. (September 2017). Human + machine: A new era of automation in manufacturing. McKinsey & Company.
Deng, W., Luo, Q. (2012). Advanced Technology for Manufacturing Systems and Industry. New York: Pearson.
Groover, M. P. (2007). Fundamentals of modern manufacturing: materials processes, and systems. John Wiley & Sons.
HR Cloud. (2020). HR Automation - The Future of Human Resource Process Management. Retrieved from: https://kissflow.com/hr-process/
Joshi, V., Adhikari, M. S., Patel, R., Singh, R., Gehlot, A. (2018). Industrial Automation: Learn the current and leading-edge research on SCADA Automation. New Delhi: Pearson.
Krar, S. F., & Gill, A. (2003). Exploring advanced manufacturing technologies. Industrial Press, Inc.
Ladet, P., & Vernadat, F. (Eds.). (2013). Integrated manufacturing systems engineering. Springer.
Study Document
Political Frame In The Walt Disney Company
… a top-down decision making model where the company fade criticism as lacking engagement in many of the critical decisions made by the top management (Bright & Eisner, 1987). To avoid any efforts by the Board challenging his leadership style, Eisner ensured that the Board was made up … of the company, e.g., the Finance…[break]…his continuation. These differences are not only on the matter of Eisner’s tenure but also on the company’s management style. These enduring differences continue, and the result is the removal of Eisner. However, it is to be noted that, once Eisner is … unmet needs and held wrong values, e.g., greed and selfishness. As described in the toxic triangle, this meant that the Board and top management was weak and gullible. Lastly, the environment in the operational framework of Walt Disney did not have any checks and balances on wayward ……
References
References
Bolman, L. G., & Deal, T. E. (2017). Reframing organizations: Artistry, choice, and leadership. John Wiley & Sons.
Bright, R., & Eisner, M. (1987). Disneyland: Inside Story. Harry N. Abrams, Incorporated, Publishers.
Downes, M., Russ, G. S., & Ryan, P. A. (2007). Michael Eisner and His Reign at Disney. Journal of the International Academy for Case Studies, 13(3), 71-81.
Forbes, W., & Watson, R. (2010, July). Destructive Corporate Leadership and Board Loyalty Bias: A case study of Michael Eisner’s long tenure at Disney Corporation. In Working Paper presented at the Behavioural Finance Working Group Conference, Cass Business School.
Sasnett, B., & Ross, T. (2007). Leadership frames and perceptions of effectiveness among health information management program directors. Perspectives in health information management/AHIMA, American Health Information Management Association, 4.
van Weezel, A. (2006). A Behavioural Approach to Leadership: The case of Michael Eisner and Disney. In Leadership in the Media Industry: Changing Contexts, Emerging Challenges (pp. 169–178). Jönköping: Media Management and Transformation Centre, Jönköping International Business School.
Improve your studying and writing skills
We have over 150,000+ study documents to help you.
Sign Up for FREE
