Category: Management

Originally, the word economics comes from the word “oikonomos” which is actually a combination of two Greek words ‘oikos” and “nomos”. These two words mean household and law respectively. The term oikonomos refers to the handling of a household. The perception of an economy as a household has really affected how I used to think…

Abstract Amanda is the owner of a company that was founded as a small business, yet has recently started to expand. Because of the challenges that this growth presupposes, and the inconsistencies between the old strategy and the new environment with its new demands, Amanda will have to reconsider her leadership strategy. The alterations that…

Context Any multinational firm having exposure to international transactions and investments has to denominate the sales revenue and costs denominated in equivalent home currency. In that case, the firm is bound to be exposed to fluctuations in exchange rates. The calculation of the impact of the changes in the foreign exchange requires the measurement of…

IIROC is the Investment Industry Regulatory Organization of Canada, and it oversees and protects Canadian investment firms. Like any organization, it has many records of various activities that are necessary for business management and the systematization of information. Naturally, they have a records management system that ensures the efficiency of operations and controls the creation…

In order to run a successful business, it is vital to take into account human resource planning. The reason for this is that a proper HR strategy provides the means through which companies can guarantee that they employ professional staff capable of completing tasks. Moreover, a good manager should also create a system where a…

By claiming that stakeholders are involved in an exchange relationship, the authors mean that they are both affected by companies and have an impact on the companies, as stakeholder groups provide the companies with certain contributions and expect to receive the bonuses they need in return. For example, the general public can be considered as…

Table of Contents Abstract Defining the Research Question Developing the Research Method Gathering the Data Analyzing the Data Reporting and acting on the Research Results/solution References Abstract The research findings suggest illegal dumping is detrimental to the ecosystems and the biodiversity, implying it affects life. The Houston community has no option other than adopting the…

What is scientific management and why it was important in the Fordist Era? Scientific management was a practical application of scientific management theory, which was concerned with workflow analyses, synthesis, and specialization of work to stimulate workforce productivity. Scientific methods emphasized mechanization, specialization, and simplified repetitive tasks (Vallas, Finlay, and Wharton 56-67). These ideas were…

The development of the world economy poses new challenges for various manufacturing businesses. In order to avoid financial crises, present-day companies need to elaborate a management plan to adjust their activities to shifting conditions (“7 essential features,” 2018). However, such a complex process implies the change in production costs as well as the need for…

Introduction Valuation management requires the assessment of the functions and risks involved in a project. The author of this report will carry out a functional and risk analysis for a project with a budget of £9.5m. The two are essential in determining the viability of a project. A logic diagram is provided for the functional…