Category: Management

As compared to a firm that only operates domestically (in one country), an international company expands to multiple markets and, therefore, faces unique costs and difficulties (David, 2013). Internationalization is a high-risk high-reward strategy for which multiple global and international considerations need to be made. Financially, an international company will likely have to deal with…

Shell Change Management Case Study: Introduction This assignment is a case study on organizational change and change management. The case study is based on a Canadian based organization known as Shell Canada. This organization is one of the many organizations which have undergone through major changes in the recent past. The change which has taken…

Table of Contents Planning Organizing Staffing Leading Control Conclusion References Management of a department is a complex issue because of the existence of multiple challenges that might occur during the working process. For this reason, the core responsibility of an effective leader is the implementation of the five basic functions of management with the primary…

The heuristic model is one technique that businesses can use to solve their planning and scheduling issues. It can be defined as an approach to problem-solving that utilizes “rules of thumb” to create a feasible and quick but not optimal solution to a problem and obtain fast results (Langley et al., 2020). This model is…

The Issues an Organization Faces if It Takes an “Exclusive” Approach to Its Talent Development Strategy One of the approaches to succession planning and talent development is the “exclusive” approach, which is aimed at identifying several talented employees and focusing the organization’s efforts on developing them and preparing them for further promotion (Campbell & Hirsh,…

Introduction The business environment has become increasingly multifaceted and unpredictable because of the unremitting changes that affect every aspect of life. This situation has led to counterarguments concerning the relevance of school curriculums in terms of shaping business practices. Various management theories have been developed in an attempt to improve the practicability of businesses in…

Table of Contents Introduction Determining Risk Appetite Risk Assessment Conclusion References Introduction Enterprise risk management (ERM) is an essential practice in businesses that are enthusiastic about dealing with uncertainties and their impacts on the realization of organizational goals. It allows companies to direct their effort to the most relevant risks that may hinder the achievement…

Summary Strategic management is an ongoing strategy that organizational leaders need to undertake if they want to support performance and deliver sustainable results. The initiative revolves around setting attainable objectives, monitoring and analyzing the recorded level of competition, improving internal structures, and ensuring that business processes are aligned with the outlined mission and vision. This…

The role of business in the social sustainability can be described from multiple perspectives. To grow, develop new products, and ensure profitability, companies should establish a long-term and beneficial relationship with various groups of stakeholders. Some of those stakeholders, i.e., clients, employees, suppliers, etc., are of great influence on companies’ conduct and have a fundamental…

Operations management has evolved and changed over the years, affecting areas such as manufacturing and service. The process of globalization of the market, the emergence of new information technologies, as well as the growth of the movement for preserving the environment, have influenced modern trends. Moreover, in the 21st century, the world is facing new…