Category: Management

Employees are the organizational members of staff who are directly in touch with the targeted clients and this makes them the most critical feature of the organization1. For a successful operational fiscal year, the Human resource managers have to ensure that they do recruit employees with potential and possess qualifications that will enable them to…

Internal and External Factors that Impact the Functions of Management Several internal and external factors impact the functions of management. Among them are the buyers, suppliers, competitors, local government, unions, employee groups, the financial community, owners and shareholders, and trade associations. Globalization, Technology, Innovation, diversity, and ethics are common factors that impact the functions of…

The elimination decision is, beyond any doubt, one of the most ambiguous questions in the marketing field. Whereas, under particular circumstances, the necessity to delete a product from the offering range seems to be inevitable, the possible negative outcomes might prevent a manager from being decisive. As long as product elimination is an involuntary measure,…

Introduction The company plans to use a push strategy that does not wait for customers to ask for a product. Instead, it creates products it thinks the customer will demand and then waits for orders. Inventory management helps respond to disruptions that make it challenging to drive towards proactive and responsive value chains that ensure…

Introduction Business organizations have different departments and segments that work harmoniously to ensure that every targeted goal is realized. The nature of such departments is informed by different factors such as an organization’s industry, mission and vision, and business model. Logistics and supply chain are functions undertaken by a corporation’s supply chain management (SCM) department.…

Table of Contents The inventory Management Techniques The way to manage the inventories The Example of the EOQ Techniques The Cash Models Techniques The examples of the cash model techniques List of References Working capital demonstrates how much liquid asset is accessible to satisfy the short-term cash requirements obligatory by current liabilities in a business.…

Table of Contents Introduction The reason why banks should prefer outsourcing their call center Negative implications of outsourcing Recommendation Reference Introduction Outsourcing is a strategy used in supply chain management to reduce the overall running costs of a firm. For instance, firms procure material inputs or services from outside instead of generating them from within.…

Introduction Management is an important part of any business. Many success stories in the business world have been due to effective management practices. This paper is an analysis of the concept of management and how it relates to business. It embarks on a series of research questions into the most crucial part of management which…

The Tesla brand is generally seen as the antithesis of the conventional automobile. For example, one of its business strategies was to first target the high-end market with an aspirational luxury product before expanding into the middle- and lower-end sectors with the inexpensive Model 3 car. The unique selling proposition of the product is predicated…

Introduction For any project to be implemented, resources are needed. These can be either services or materials required to accomplish the project. It is important to note that the type of resources and the source determine the extent of success in completing the project and subsequently satisfying the end user. The process of acquiring the…