...Business development is the formation of long-term value for an organisation from clients, markets, and connections. There is elegance, effortlessness; however, maybe this definition dumps you of needing more. A business development is tied in with making sense of how the connections of those powers join together to make open doors for development. It can also be interpreted that business development is a consistently evolving idea that can be drawn nearer from different perspective or points of view. At its fundamental level business development is characterized as growing a business by making it more aggressive, expanding products or services, as well as concentrating on particular markets. At the end of the day, business development is the...
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...It is not always easy to explain and define what are ethics. What is ethically right and what is unethical? What one think is ethically right might someone else think is unethical. The difference is sometime the evaluation and the principles which are different between cultures. When companies do business between different culture there will often be conflicts because of different ethical values. Some circumstances can be very difficult when companies stand against a very good contract but at the same time it violates their conscience. It is not always easy to evaluate what is right and what is wrong when you have very good contract and at the same time you are not sure if it is the right thing to do. The word ethics has it’s roots in the Greek word ethos, which means “customs,” “conduct,” or “character”( The Free Dictionary) Ethics is concerned with the kinds of values and morals an individual or society finds desireable or appropriate ( Northouse, 2010). Other say, when they think of what is ethic they mention the „ golden rule“ from the Bible which says in reverse version “Do unto others as you would have them do unto you” and the ethical theory point out that as system of rules or principles is that which helps us to make decision about what is good or bad and what is right and wrong in curtain situation ( Northouse, 2010 When it comes to what is costume or and what is norm in one country we compare it with the custom in our country and then we evaluate and compare the...
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...What is the definition of business communication? Business Communication: communication used to promote a product, service, or organization. Business communication is nothing but, the communication between the people in the organization for the purpose of carrying out the business activities. It may be oral, verbal, written. Why Is Communication Important in a Business? Good communication matters because business organizations are made up of people. As Robert Kent, former dean of Harvard Business School has said, In business, communication is everything. Communication is important in a business because it conveys messages from one person to another or from one department to another. It also contributes to employee commitment and job satisfaction. Businesses with effective communication between employees have high job satisfaction among employees. Good communication improves management/employee relations and relations between the business and the customers. Communication is important in business because it enables the management and the employees to exchange and share information effectively. It also enables the owners of the business to find out whether they are making loss or profit. Grapevine communication A grapevine communication is a form of informal communication by which people communicates each other without any formal line of communication. It’s called Grapevine because like that of a grape vine it’s impossible to find the origin of information which...
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...Definitions proposed by R. T. De George (Business Ethics, 2010, seventh edition) Morality covers those practices and activities that are considered importantly right and wrong, the rules that govern those activities, and the values that are embedded, fostered, or pursued by those activities and practices. Ethics is the study of morality. It is a systematic attempt to make sense of our individual and social moral experience, in such a way as to determine the rules that ought to govern human conduct, the values worth pursuing, and the character traits deserving development in life.  Responsibility as a key concept of contemporary morality Although often used, the term is rarely explained in the business ethics literature. Max Weber 1919: separates the ethics of conviction from the ethics of responsibility. Walter Schulz 1972: defines responsibility as „self-commitment originating from freedom in worldly relationships,“ maintaining the polarity of responsibility (with an inner and an outer pole). Responsibility includes three components:  Subject: Authority: Contents: Who is responsible? To whom is one responsible? For what is one responsible? Viktor E. Frankl in “Man’s Search for Meaning“ (1984): “Freedom is only part of the story and half of the truth. Freedom is but the negative aspect of the whole phenomenon whose positive aspect is responsibility. In fact, freedom is in danger of degenerating into mere arbitrariness unless...
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...Modual 15 Business Stategy 1.1 ) The overall strategy of a business is what gives a business direction and a way forward. This in turn relates to the ability of a firm to identify how best to match its competencies to the needs and opportunities in the marketplace(s). Organisation's vision is an attempt to establish an ideal future ,rather than to provide a challenging but strict guide for management decision-making.A definition of Vision in a dictionary: “An image of the future we seek to create.”. A vision statement describes in graphic terms where the goal-setters want to see themselves in the future.It may describe how they see events unfolding over 10 or 20 years if everything goes exactly as hoped. -Tai Hing Catering vision : To be the best producer and most customer recommended diet group. A definition of Mission in a dictionary: purpose, reason for being ; also, an inner calling to pursue an activity or perform a service. The Vision describes a future identity and the Mission describes how it will be achieved. A Mission statement may define the purpose or broader goal for being in existence or in the bussiness. It serves as an ongoing guide without time frame .The mission can remain the same for decade if crafted well. Vision is more specific in terms of objective and future state. Vision is related to some form of achievement if successful. For example, “ We help transport goods and people efficiently and cost effectively without damaging environment “ is a...
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...The Luxury Evolution Every generation redefines its definition of luxury. How they relate to it or reject it. From the “more generation”, to the X, we have seen everything from conspicuous consumption to less is more. Each generation also redefines its relationship to luxury. The evolution of social, political and economic factors is just a few of the major defining elements in any generation’s approach to luxury products. How a particular group defines luxury is often influenced by the preceding generation’s relationship to it. Is it a coincidence that the lean, Generation-X “less is more” philosophy of the 1990’s immediately followed the Baby Boomer’s conspicuous consumption ideals of the 1980’s. No business lives or dies more by the definition of luxury, than the Cosmetics Industry. From mass to class distribution to direct sell, luxury is the name, of the game. Revolution or evolution, defining luxury becomes the bete noir as the baton is handed to each new generation The Cosmetics Industry lives on its ability to provide luxury goods (No matter the definition) more than any other. It is imperative that we not Only understand how varying market segments define luxury and thereby consume it, but equally important that we can predict how fresh and upcoming markets will define their unique relationship to it. As an industry we must ask ourselves, are we open to deconstructing traditional definitions of what constitutes luxury? What new requisites will tomorrow’s...
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...Coder is using. What is an object? The world around us consists of objects. These objects have a physical presence to them. Whether these objects are; people, furniture, cars or houses, they are all considered to be objects. In the business world, there are objects such as employers, employees, customers and etc. An object is a person place or thing. Therefore the name of an object is always a noun. The Definition of the Object The Behavior of the object helps us to give the object definition. In the programming world we refer to the definition in a certain way. The way that we refer to the object in this special way is called a “Class.” And inside of that class we have certain characteristics. The characteristics are called “data members” and also. The Class also has a certain behavior which we call “methods.” Defining Our Objects and Their Behavior In our Project for Programming, we have one class that we can define as it pertains to the efficiency model. “A class definition contains both data and operations.”(Introduction to Programming Logic, 2008) We can define the employees. The employees can be defined by their name, id number, and skill level and performance scores. Actually, we could go a bit further into the definitions and include the date of birth, race, religion and so forth but for the purposes of this project we need only...
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...Euthyphro In this essay I will explain the concept of the holiness emerges and why it takes a prominent position in the conversation between Socrates and Euthyphro. I will also explain the three definitions that Euthyphro uses in his response to Socrates and then present Socrates’s refutation of each of Euthyphro definitions. Also this essay will test my ability to develop my own argument as to what I think Socrates’s goal is in this dialogue. How do you know that is his goal? What features of the dialogue align his goals? I will also give own definition of piety/holiness and then take on the role of Socrates and respond to my own definition as I think he would. Plato conversation set close to the king Archon court were Socrates and Euthrophy cross words. The conversation surround Socrates trying to understand the concept of how gods see piety and impious in mankind. The debate between Socrates and Euthrophy is that Socrates wants a new form of definition for pious and impious needs to man needs to be judge by man not from god’s justice. The concept of holiness explain how to be devout religiously not the act of being love. The conversation emphasize the true meaning of piety and impiety, and important conversation between Socrates and Euthrophy took place because Socrates does not believe in tales mythology and Socrates would like a more reasonable answer to all his questions. At the end of the conversation both Socrates and Euthrypho concluded that holiness as something...
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...Being successful is determined by what one’s definition of success is. Everyone has a different view on what being successful is. The definition of success is when one accomplishes something they have been aiming to achieve. If someone wants a boat and they save up enough money to afford it, they would consider themselves successful. Success could be winning what you want, getting what you’ve been working hard for, or just self realization. Liar’s Poker by Michael Lewis demonstrates the importance of being successful. A way many people look at being successful is winning at something and having all the glory of winning. “When you won, people admired you, envied you, and feared you.” This quote in Liar’s Poker is saying that someone is respected...
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...1. Lesson 1 a. From Lesson 1 how many different definitions of economics can you find? Explain briefly how they are related to one another. [definitions, not descriptions]. 1-Economics is the study of allocation of scarce means to alternative uses. 2- We want to understand the typical person, not the exceptions ir unique people. 3- Economics is not dismal, it's about understanding about what is going on. It is an art an a science at the same time. Economic is not an exact science, that is why some doubt is a science. 4- The study of men in the ordinary life. Study people in all aspects of their life. 5- The study of individual choice and its understanding. Choice involves scarcity we have to choose. b. Why are private property rights important for the smooth functioning of an economy? The legal and actual right to use and dispose property. The most important fact. This is the only way business owners know that contracts and deals will follow through. Economics cannot exist without it. c. From Lesson 1B draw a PPC with increasing opportunity costs. Show geometrically that for equal gains in fish, the sacrifice in fruit gets progressively larger. Explain this. [you may use PowerPoint or Microsoft Word drawing or anything that works for you to draw it and save it for submission.] The more we use fish the less we produce fruit. This is since we do not want to waste the opportunity cost on fruit which provides less profit 2. Lesson 2 a...
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...September 6, 2014 Forum 3 Management Setting Concepts, Constructs and Operational Definitions (3.3) Cooper and Schindler (2014), articulate that research requires the exploration of various questions in order to organize, understand, explain and forecast phenomena. These research inquiries must be guided through agreed upon definitions of the questions used to build the research product. These questions contain or use concepts, constructs and definitions (Cooper et al, 2014, p.50). A concept provides a common method for communicating information; it is a group of meanings and characteristics that impact events, objects, conditions, situations and behaviors (Cooper et al, 2014). Constructs are often abstract concepts; in fact concepts and constructs are easily mistaken. A construct is created by pairing less complex, more hardened concepts which provide a defined image or abstract idea enabling the researcher to organize the theory building purpose (Cooper et al, 2014). In research, definitions of concepts must be clearly defined by all parties involved in conducting the research. This will safeguard the integrity of the research. Without this synchronized understanding of definitions the output of the research will be damaged. Definitions in research consist of dictionary and operational. Dictionary definitions include a concept defined with a synonym. The operational definition contains specific criteria measuring and testing which refer to empirical data...
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...To accomplish anything in life, there needs to be a plan and a path to get there. Everyone has their own definition of success but many people will define success as earning a lot of money. My definition of success is being happy. Being happy means being emotionally and financially successful. By setting goals for myself and working hard I can acheive my definition of success. Currently, I am a freshman in college and hope to pursue a career in dental hygiene. This is one of the many goals I have set for the future. But, with any goal comes hard work and setbacks, otherwise it wouldn’t be a goal. Although we can never strictly predict the future and where we are headed, there have been many attempts at it. Does the future include robots, flying cars, mind reading technology? Quite possibly, but we aren’t certain of anything....
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...Section I: Goals and Responsibilities Step 1 - Mission Statement of the Credit Function Definition The mission statement is the statement of purpose. What is your department trying to accomplish? The mission is not a statement of your goals. Your goals are put into place to support the mission. The mission statement describes in what ways you are supporting or interacting in the overall company's mission. It defines your role in the unified vision. Illustration A Company with high margins and an aggressive sales growth target may have a mission statement like this: The mission of the Gorman Inc. credit department is to facilitate an annualized 20% growth in top line performance by assisting in the sales process. The credit department's role is to develop strong customer relationships by granting aggressive but appropriate credit limits and terms, easing the establishment of new accounts by processing applications quickly while protecting the margins by managing risk of loss represented by fraud, failure or severe delinquency Developing a Mission Statement Before a mission statement can be adequately defined, a general understanding of the environment or market in which your company operates must be obtained. In developing the mission statement, there needs to be a basic understanding of the following: A) B) C) D) E) F) Nature of the Marketplace Competition Location of your Customers Growth Plans Margins Internal Company Structure Exploring these areas will ensure...
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...questions posed to look at the trait of independence from a few different angles. These angles include personal definitions of the trait and how a person should be able to demonstrate that trait. The paper will cover how the AICPA looks at Independence, how the State of Texas vies this trait, and a look at a current article showing the impacts of the trait independence. Upon the conclusion of this paper the reader will have a better understanding of how independence in accounting is defined and how to identify it As we see defined in our class text on page 162 is that independence is defined as, "the state of mind that permits the performance of an attest service without being affected by influences that compromise professional judgment, thereby allowing an individual to act with integrity and professional skepticism. To appear to be independent, the CPA should avoid circumstances that might cause an informed third party to reasonably conclude that the integrity, objectivity, or professional skepticism of a firm or member of the audit (attest) engagement team has been compromised." Within the frame work of my own personal definition I define independence as having the ability to have both the personal courage and institutional ability to analyze, state conclusions, and act in the best interests of the public. As pulled from http://www.tsbpa.state.tx.us/firms/alt-business-structure.html on 9/18/11 we see that the state of Texas that CPA's must maintain independence and perform...
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...Hospitality is a subjective concept. Hospitality comes from many definitions like receiving guests in a generous and cordial manner, creating a pleasant or sustaining environment, satisfying a guest’s desires, generating a friendly and safe atmosphere. Hospitality means that the act or practice of one who is hospitable, reception and entertainment of strangers or guests without reward, or with kind and generous liberality. Some said that it is like an act or service of welcoming, receiving, hosting or entertaining guests. However, it is not being cast as a servant. Training for hospitality is very important. They must have the skills in other to maintain the relationships with the customer and also among the workers itself. Employees who possess a positive attitude toward constructive criticism prosper and progress in their career. All employees occasionally make errors in judgment and fail to meet standards. In order to do so, they should practicing promotional skills in their job. For example, front desk clerks who are comfortable with practicing promotional skills are a great asset to a front office manager. We must accept the challenge to sell products and services throughout the organization and seek ways to meet or exceed sales quotas. This quality allows a front desk to understand the total effort necessary to product a profit for the company. Furthermore, to have a quality in hospitality, they must do a screening process during the interview session. The interview...
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