Business - Part 3
Technology, by any measure, is the most competitive and fast moving industry, and businesses have to develop new structural strategies to maintain their competitive sustainability. The survival of business in the industry is dependent, in part, to innovation and new product development, and as well, structural reinvention and strategies. Actions and strategic decisions of top management executives are essential in the determination of the future of many organizations and in enabling these organizations to avoid becoming obsolete.
Professional Development Plan
A Personal Development Plan (PDP) is one of the most important tools for student and at times for professionals. Eth PDP is at most times instrumental in providing knowledgeable tools and techniques to students who want to plan and reflect on their performance. This harnesses continuous improvement on performance, especially for students in higher institutions of education (Hartley & Woods 2005 p. 131). Moreover, PDP is a necessity in making decision making even to working professions (Sinha & Labi 2007 p. 12). Below is an example of a PDP for a student who wants to improve academically in business management.
Discuss the financial manager’s place in the corporation
The place of the financial manager may vary significantly. In fact the generic nature of this job title and description can be misleading; hence it should be carefully scrutinized as the role can vary enormously depending on the size of the company and job title.
One of the main management challenges involves implementation of effective strategies of through which the workplace performance can be enhanced. Due to the continued effort by organizations to ensure that the employees make a significant impact in the workplace, human resource management studies have increasingly emphasized on the approaches such as reward management, team empowerment, job satisfaction, strategic planning, and participative management. In this essay, a comprehensive evaluation is carried out with an aim of determining whether the employee involvement and participation has a significant impact in the workplace
The concept of employee participation and involvement has seen a growing interest from different scholars and Human resource management. Many organizations face the challenges of managing and empowering their employees to actively participate in decision making. In this current tumultuous economic environment, organizations require creative and innovative employees who can take initiative, embrace change, stimulate innovation and cope with high uncertainty in the market. Most of the new generation employees want to work in companies that can actively listen and embrace their ideas.
The European beer market has matured over time, and one would expect the brewers here to be making comfortable profits. However, various global and local factors continue having negative impacts on the market, and on brewers themselves. Big players in the industry have had to adopt new strategies to keep afloat. This paper presents a PESTEL analysis of the Western European beer market, and also includes a Porter’s five point analysis of the business forces affecting it. It also looks at the effect these emerging trends in Western Europe’s beer industry have had on three selected beer manufacturers.
Use of internet has become a normal day to day activity in the world. So much information is derived from the internet since it seems to have almost all the news and information. This has made internet innovation a very important and recognized procedure globally since it has provided the world with so much information and entertainment thus making it easier and cheap for individuals to attain information. The Internet is not only used to search information and ideas, it has also been proved as a faster and efficient means of communication worldwide. People from one country to another are able to share information fast and clear thus bonding freely and this has enhanced the social and cultural interaction among different communities (Berkun, 2010).
Identity fraud involves a case where a number of individuals use the identities of other people for the purpose of their financial gains. This may take a form where they take over other peoples accounts or even just decides to open up other new accounts in different people’s names. Currently, United Kingdom has been found to have a faster rate of growing in identity fraud, where according to the information provided by the Cabinet Office, it has been found out that identity fraud is costing the United Kingdom at least £1.3 billion on annual basis.
Theoretical analyses of the process of change and management of resistance are largely united on the acknowledgement of the factors behind resistance as the first step towards change. According to these theories, nearly all organizations and businesses have structural difficulties related to the attitudes and practices of both the employees and the management. Ignorance about the value of change has been cited as one of the reasons why it sometimes becomes difficult to carry out meaningful processes of change, (Solo, 2000).
Out-sourcing and In-sourcing
Making sourcing decisions within an organization is considered to be a very significant aspect, which is often referred to as strategic decisions in regard to the kind of services or products will at the end be provided internally or externally. In-sourcing is a strategic decision making process that leads to utilization of experts from a different company employed as a turnkey global extension of the workforce and workplace of a company. This decision takes place without moving the project management and the existing decision-making control measures to an outside provider. In this mode of sourcing, the business in general is empowered with offshore development capital and the existing settlements that are attached directly with the process of project management (Belohlavek, 2007, p65).