...Thomas BUSI 472 27, November 2011 Top Ten Blunders in Business Etiquette There are numerous mistakes in business etiquette which have become second hand in today’s society. As Christians in business we must strive to do as Christ would have us to do. We should have a higher standard when it comes to having proper etiquette in business; in my research I will attempt to convey the top ten blunders of business etiquette. People may ask well what blunders are. Blunders are simply mistakes or things that should not be done. All businesses have a set of ethical codes of business; no matter how large or small the business, proper etiquette counts as well as manners. As a Christian in customer service it is my job to make sure that I deliver outstanding service to our clients, by exceeding their expectations. I have been on both sides as the consumer as well as the representative of the business and I have had all these common blunders occur in my work as well me being the customer. The first common blunder is No multitasking while talking; this is a very big issue in a business where you have to have face to face contact with a potential client; emailing, texting, or answer unimportant calls while doing business with someone face to face. Texting and emailing unless it its business related should not be done at all while working, this type of disasters can cause serious miss communication between both client and business. How often do you see a person harm themselves...
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...The business marketplace is more culturally diverse now than at any other time in human history. New technology has brought us a truly global economy with participants from all over the world. One key to being a good communicator today is an understanding of your audience. Cultural understanding is an absolute requirement for any business leader today. Failing to understand the culture of the people you are communicating with can lead to some spectacular communication blunders. For example, in my workplace the phrase “killing the sacred cow” is often used as a business term to indicate a radical change in thinking about a longstanding process. When we were a small company located in the wild west populated mostly with Americans this wasn’t a big deal. We now have a staff augmentation workforce from India. As you can imagine, the phrase “killing the sacred cow” is no longer appropriate. Our cultural insensitivity reached an all time low when the Director of Information Services decided to take his new Indian workforce out to a special celebration dinner. He took them to a traditional southwest steakhouse. Coming from a culture that reveres cows, they found a restaurant dedicated to the slaughter and eating of cows to be an abomination. This was not good for team morale. Cultural insensitivity has produced some major slipups over the years. The alcoholic beverage Irish Mist had abysmal sales in Germany, where the word mist translates to manure...
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... Casual Business casual Business formal ?!? a.k.a. Professional Unprofessional And what is “casual Friday” exactly? …a recent article made these main points: If you are confused about “business casual,” you are not alone. Play it safe and embrace “business formal.” If you want to get to the C-suite, dress formally. Definitions: • Casual • Business casual • Business formal Accessories Grooming Images to test your knowledge His no-nos: • Casual shirt/short sleeves • Rolled-up cargo pants • Sandals Her no-nos: • Capri pants • Open toed beach shoes of a rather striking color • Unbuttoned and untucked shirt Her blunders: • Revealing sun dress • Too much skin • Flip-flops His blunders: • Jeans • Biker key chain: Is that safe?? • The tie doesn’t help. Are these office workers wearing interview attire? No. Only suits are interview attire. Period. Nice examples of business casual, though. Business casual here? --Not quite. SHE: Bare skin, no jacket, skin-tight top Good: nice slacks and shoes HE: Fine if he wore a sport coat, not a leather jacket Good: dress slacks Ties not expected Business or sport coat appropriate Stylish, solid colored dress pants (no khakis or jeans) Long-sleeved solid or striped dark shirt Dark socks Matching belt and dress shoes (no sneakers) Business skirt or pants ...
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...Case Study 1: Cyber Security in Business Organizations Abstract This paper examines the importance of cyber security in business organizations and discovering better methods to combat cyber terrorism in the future. Data breaches in the work place have become an increased threat to personal privacy as well as to the economic livelihood of many organizations. In this paper we will further examine how a simple data breach almost brought the retail giant Target to the brink of destruction and provide detailed accounts of other recent data security breaches that have effected other business organizations and discuss what could be done to prevent them. Cyber Security in Business Organizations Modern global industries rely heavily on the data that they acquire to stay relevant in order to compete in a constantly moving world of technology. Protecting present and future data from potential cyber theft has become a vital need to the economic livelihood of today’s organizations. In today’s business world, organizations must prepare themselves for not only increased vulnerability attacks from exterior threats of cyber terrorist seeking to gain access to a company’s private data and resources but also have to take in account and be mindful of the interior threat of disgruntled employees whose mission is to expose or sale company sensitive or secret data for their own profitable gain. In today’s era of computing, cyber security can be described and defined in several ways...
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...Application of International Law By Dawn M. Engel Argosy University Business Law and Corporate Ethics Dan Adams May 28, 2014 In the United States, Calvin Coolidge signed the Federal Arbitration Act (FAA) into law in 1925, to be effective on January 1, 1926. (Wikipedia, 2014). “International commercial arbitration in Russia is governed by another statute: Law No. 5338-1 . . . It follows the UNCITRAL Model Law almost verbatim.” (Nikiforov, 2013). Both were “enacted to establish validity and enforcement of arbitration agreements”. (James, 2011). An arbitration agreement is then written to solve disputes later on. An arbitration agreement should include what law will govern the arbitration, where and when the arbitration will take place, what language will be used, and how the expenses of arbitration will be shared. (Kubasek, Brennan, & Browne, 2009). From what was written on the assignment, Monarch Associates gave Vladir Unlimited all advantages in the arbitrary agreement. As it was written in the agreement, Vladir Unlimited retained rights to arbitrate disputes in Russia, as well as being responsible for choosing the arbitrators for the panel. Therefore, any disputes, legal or non-legal, should be arbitrated in Russia, as agreed on when writing the arbitrary agreement. There would be a number of things (based on the May 2013 Russia Arbitration Guide) I would advise the Monarch in-house counsel to do the next time they enter a joint venture with Russia. One point would...
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...baseball team around primarily by using statistics instead of relying on baseball’s conventional wisdom to win. (Thaler & Sunstein, 2003). Lewis’s book points out the extraordinary success of Beane’s baseball team despite the fact that the payroll for the team is consistently in the bottom two or three spots in the league. (Thaler & Sunstein, 2003) Thaler and Sunstein make the case that “the limits on human rationality and efficiency of labor markets” make for blunders and confusion with those who run baseball teams and ultimately correlates to similar blunders and confusions in many other fields. (Thaler & Sunstein, 2003) Lewis describes how Beane is heavily recruited primarily because of his own body and face and not his actual ability to play baseball. “Scouts never looked at his statistics because according to the scouts, he had it all” (Thaler & Sunstein, 2003, para. 6) The authors goes on to say, that even though Beane was selected in the first round of the draft, he had one big problem and that was that he did not play baseball very well. (Thaler...
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...SWOT Analysis – Autolatina Example of Two International Companies Joining for Business in a Third Market STRENGTHS • Combination of two well established strong brands • Market Leaders in a protected market o 60 percent in the Brazil o 30 percent in Argentina • Combine operations in order to overcome obstacles in the Brazilian market. • Share the risk of operating in a volatile market • Offer wide range of products to meet different customers’ requirements in an environment where noncompeting models exists • Strong engineering capabilities • Wide range of distributors and dealers • Fast revenue growth • High Brand Equity • Big success in a market protected from foreign imports. • Offered inexpensive models, with different sizes. • Focus on Innovation o VW focused on building small cars o Ford focused on building bigger cars and pickup trucks o The two partners also produced shared products • The firms unified their marketing and sales staffs • Hired specialists and consultants to accommodate the two different company cultures. • Production of Autolatina cars grew rapidly over time. • At some point of time both companies had succeeded in identifying the key factors contributing to Autolatina’s success • Reasonably well integrated operationally even exchanging model fabrication • Consolidation reduces cost of administration and value-chain activities, WEAKNESS • Autolatina was unprepared by renewed economic growth. • Autolatina’s products, built for...
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...the ground-breaking superstore format that evolved into Circuit City. When Alan retired from the board in 2000, Circuit City was a fortune 500 company with more than 600 stores and 60,000 employees. Circuit City was a shining example of exceptional management practices in a 2001 best- selling book “Good to Great.” However, cracks were beginning to show in the company’s foundation. Circuit City’s rise and fall revealed leadership lessons and emphasizes the critical strategic role that training and development play in a company’s continued success. For its first 50 years, Circuit City (originally called Wards TV) was a pioneer in the rapidly changing consumer electronics industry. The following are what made the company great. Things that made the company great THE FIRST BIG BOX SUPERSTORE In 1975, Alan Wurtzel transformed the retail landscape in America by creating the first big-box superstore with a focus on Savings, Selection, Service, and Satisfaction. His “4 S’s” were captured in policies and processes that were easily understood by the customer and easily executed by his employees. Circuit City offered a low price guarantee, a 30 day satisfaction guarantee, and huge selection of products which it delivered, installed, and repaired as necessary. A complaint was considered “an opportunity to make a friend.” Recognizing that customers could help identify ways to improve its business, Circuit City created a survey department that called thousands of customers each year to...
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...to the modern era, when people wear brands, speak brands and even eat brands, the food factories have also turned themsleves into the world of brands. Among various areas famous as the lands of good food in lahore are the Food Street, fortress stadium and M.M.Alam road. The latter one is mostly enjoyed by the upper strata. Among the various lacal and international brands lacated on this food land is Fat Burger; which actually is my topic to be highlighted in this document. Fatburger is an american fast casual resturant chain. It originates from the Los Angeles, california in the year 1947, which gradully expanded its chain to 19 different countries of the world. This food chain started serving Pakistan in january 2013 in karachi. Owing to the warm welcome to this burger bun in pakistan and the...
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...It also distinguishes between a firm’s strategic decisions and its other planning tasks. The section stresses the key point that strategic management activities are undertaken at three levels: corporate, business, and functional. The distinctive characteristics of strategic decision making at each of these levels affect the impact of activities at these levels on company operations. Other topics dealt with in this section are the value of formality in strategic management and the alignment of strategy makers in strategy formulation and implementation. The section concludes with a review of the planning research on business, which demonstrates that the use of strategic management processes yields financial and behavioral benefits that justify their costs. The second major section of Chapter 1 presents a model of the strategic management process. The model, which will serve as an outline for the remainder of the text, describes approaches currently used by strategic planners. Its individual components are carefully defined and explained, as is the process for integrating them into the strategic management process. The section ends with a discussion of the model’s practical limitations and the advisability of tailoring the recommendations made to actual business situations....
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...John F. Kennedy was born May 29th, 1917 in Brookline, MA. John F. Kennedy went to Harvard university with a science degree from 1936-1940. Before presidency, JFK was a sailor (Navy Lieutenant) Sent to the South Pacific, in August 1943, his boat was hit by a Japanese destroyer. Two of his crew were killed but the other six men managed to cling onto what remained of the boat. After a five hour struggle Kennedy, and what was left of his crew, managed to get to an island five miles from where the original incident took place. When Kennedy got back from World War 2 he ran for Congress in Massachusetts eleventh congressional district, where he won in 1946. It was the beginning of Kennedy’s political career. JFK was becoming a popular politician. In 1956, he was almost picked to run for vice president. Kennedy finally decided he would run for president the next election. A member of the Democratic Party, Kennedy won election to the House of...
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...In the article “Rise and Inglorious Fall of MySpace” Gillette explains on what went wrong with MySpace to a point by explaining that there was, “Mismanagement, a flawed merger, and countless strategic blunders”. Another major problem that occurs is that MySpace gave too much freedom to the users to post anything and everything they want. The user had almost all control over how they wanted their page to look. If you look at Facebook, you can see that everyone’s ‘profile page’ looks exactly the same and that is because Facebook wants to have control over the users and as well as not allow advertisement that can be crude or offensive to parents who want to keep their children safe. Another factor to their downfall was that MySpace never offered many reasons for anyone to stay. MySpace was mostly used by musicians and artists to show a sample of their work. Now a days I’ve noticed that MySpace is still used by more famous musicians who give you sample of their song from the next album or even sometimes they put their Mixtapes on MySpace for everyone to listen to. Another factor to the fall of MySpace is that more and more social networking sites are appearing and more and more people leave MySpace to go to the newer ones. For example on June 28th 2011, Google came out with Google+ which is the newest social networking site. For me personally, I am starting to like Google+ more and more everyday, while my liking for Facebook is slowly decreasing. The reason for this is that once again...
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...begins with an individual having an idea or message that they would like to express to others. Then they must choose the format in which they will deliver their message which can be as simple as in a meeting by word of mouth or by data transfer in an encrypted file through a server. This means generally through an organization, information travels first as an input of data, and then there is a process of some sort in between which in turn is ended with an output of data. “From disconnected bits to the broader organizational pain of "Organizations must get the right information to the right person at the time required to make the right decision," how an organization shepherds information through its life cycle can quickly determine the impact both of their IC/IP and the retention of that information. The critical factors that apply are the relevance of the information, the validity of the source, and the proximity of the information. This allows us to move through the IC/IP life cycle, taking us from the disconnected bits of intellectual capital that "might be a good idea" to the applied solution of intellectual property that has worked time and again to solve a specific problem. We see how information can flow in the organization, starting by improving existing IP, or by a...
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...and his team didn’t do a better job of anticipating the problems that beset the Segway? Feasibility analysis is the preliminary evaluation of a business idea, conducted for the purpose of determining whether the idea is worth pursuing. Dean Kamen and his team didn’t do a better job of anticipating the problems that beset the Segway because: • They did not do the market research before they sell this product. Thus, only based on the technological success and innovation, they overestimated the sale for the product – problem of PART 2 – A) INDUSTRY ATTRACTIVENESS. • Rather than identifying niche markets to penetrate and build from, the company saw its product as a solution in all markets – problem of PART 2 – B) TARGET MARKET ATTRACTIVENESS. Solutions of how Segway would do a Better Job of anticipating the Problems that beset the Segway: • Avoid overhyping: When the super-secret project got big corporate names like Steve Jobs and Jeff Bezos to sign off, the hype machine went into overdrive. The inventors' secrecy, the prominence of the endorsements, and the beyond-bold claims that this new product—whatever it was—would revolutionize our lives of course combined to skyrocket expectations into the stratosphere of the impossible. • Prioritize accessibility: Forget the marketing blunders that led up to Segway's release. Heralded as one of the world's most important inventions, when it hit the market, its pricetag was a lofty $5,000. That was...
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...generate almost $13 billion reported in 2012 in annual gross revenues (The Walt Disney Company, 2012). The Disney parks in the United States had been very successful and that is why Disney expanded into Tokyo. This was a wonderful idea, because Asian love fantasy and Disney is all about fantasy; moreover Asians were excited about the Disney Park. Disney Tokyo was constructed and opened with much success; however, Disney did not own the Tokyo location and they only received royalties from that location, but they soon realized the possibilities that could come with expansion. Disney decided to spread their wings again since Tokyo had been very successful, but they chose the wrong location for the next undertaking; Disney Paris. Who in their right mind would choose Paris as a site for a huge American themed park? Parisians hate Americans, this is a very well known fact. They hate us when we visit their city and they hate the way we live, so this venture in Paris was doomed to fail from the start, and that is the ultimate problem in Paris; moreover this will never change. Disney Paris opened and surprisingly enough it did not do well for basically the reasons I stated, but they did reinvent it and worked out the quirks, and it improved overtime, but I do not think it will ever be looked at as a success. Hong Kong Disneyland...
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