...Implementation of Statistics in Business & Industry Statisticians have contrived numerous devices for application and these are accessible to be used for general business change and modern issue illuminating. In any case, there is a wide hole between the accessible instruments and what are honed good to go and mechanical associations. Accordingly it is vital for statisticians to control genuine consideration regarding spanning this hole if facts is to be pertinent good to go and industry and to the general public on the loose. In this paper we take a gander at a few plans for execution of measurable routines all hands on deck and industry. INTRODUCTION Usage implies distinctive things in diverse connections and to diverse individuals. As of late Harry & Schroeder (2000) commented 'We accept that factual learning is to the data and specialized age what fossil fuel was to the modern age. Indeed, the eventual fate of industry relies on upon an understanding of Facts. These announcements suggest that Statistical Thinking and Methods ought to end up a piece of the learning base of an association and part of working together. This is the sort of usage we are examining. At the end of the day a business or modern association establishments Statistical Thinking in all its capacities and the utilization of factual devices and information based choices turns into a piece of the consistently business. Facts in Business & Industry When all is said in done a regular...
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...Industry Agriculture & Forestry/Wildlife Business Type Extermination/Pest Control Farming(Animal Production) Farming(Crop Production) Fishing/Hunting Landscape Services Lawn care Services Other (Agriculture & Forestry/Wildlife) Consultant Employment Office Fundraisers Going out of Business Sales Marketing/Advertising Non Profit Organization Notary Public Online Business Other (Business & Information) Publishing Services Record Business Retail Sales Technology Services Telemarketing Travel Agency Video Production AC & Heating Architect Building Construction Building Inspection Concrete Manufacturing Contractor Engineering/Drafting Equipment Rental Other (Construction/Utilities/Contracting) Plumbing Remodeling Repair/Maintenance Child Care Services College/Universities Cosmetology School Elementary & Secondary Education GED Certification Other (Education) Private School Real Estate School Business & Information Construction/Utilities/Contracting Education Technical School Trade School Tutoring Services Vocational School Finance & Insurance Accountant Auditing Bank/Credit Union Bookkeeping Cash Advances Collection Agency Insurance Investor Other (Finance & Insurance) Pawn Brokers Tax Preparation Alcohol/Tobacco Sales Alcoholic Beverage Manufacturing Bakery Caterer Food/Beverage Manufacturing Grocery/Convenience Store(Gas Station) Grocery/Convenience Store(No Gas Station) Hotels/Motels(Casino) Hotels/Motels(No Casino) Mobile Food Services Other (Food & Hospitality)...
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...Ethics and the Food Industry By: Diana Rhyne and John Hanley In early 2009, Peanut Corp. of America was discovered to have allowed Salmonella tainted peanuts to be distributed across the United States causing an outbreak that resulted illnesses in 714 people across 46 states with nine resulting in deaths ("Department of Health and Human Services; Centers for Disease Control and Prevention", 2009). In this paper, we will explore the concept of corporate social responsibility and some of the current ethical dilemmas many corporations in the food industry face today. We will further discuss the many arguments (in favor of and in opposition to) these ethical dilemmas, or why these issues pose an ethical dilemma. Finally, we will examine the consequences of unethical behavior in the food industry and how consumer demand/behavior affects corporate decision-making. In the food industry, a corporation’s actions/inactions are often far reaching. Corporate Social Responsibility (CSR) is not a new concept. The idea that a business (or business person) should behave in an ethical and socially responsible manner has roots in Biblical times with the advent of usury laws. During the 1700s, Benjamin Franklin was an early advocate for business ethics, going so far as to form a club for young businessmen, tradesmen, and merchants to come together to discuss business philosophies and further their careers (Finamore, 2005: 35-38). CSR is generally based on the idea that companies...
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...Running Head: Successful Family Business 1 The competitive advantages of family business in the business industry compared to non-family business By Kateleen Louise L. Reyes En12 (Communication in English II) School Of Management March ,2013 Running Head: Successful Family Business 2 Family businesses are vital in every country and have an important role in our global economy. In many countries, family businesses control significant parts of the economy as well as the economic structure. Family businesses are icons of countries that show their hopes, dreams and entrepreneurial spirit; moreover they aim for self-sufficiency and wealth. Family businesses’ importance and significance were recognized recently but they are considered to be the most prevalent and pervasive form of business. Family businesses are businesses owned and controlled by families that also have at least one of the following characteristics: the business should have three or more active members, family control of 2 or more generations and the current generation intends to pass the business to the next generation of the family. Family businesses having three or more active members is one of the characteristics used to differentiate them from non-family businesses. Family members are more active in the involvement of the enterprise’s everyday activities whether it is the formal or informal employment of family members. Some use the terms “employment”, “involvement” and “activity” of family...
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...A business model describes the rational of how value is created, delivered and captured. A business model dictates the long term and short term strategies for competitive advantage which in turn get translated to Operating model (Business Process, Technology, People, Ownership and Metrics) for execution. One- Sided Business models are referred as the models with a single direction for the monetary flow, and a single direction for product and service refinement. Involved actors form a value chain and activities early in the value chain are called "upstream" (suppliers & partners), whereas "downstream"(customers) refers to later parts of the same value chain. The monetary flow in One-Sided Business Models flows from downstream actors to upstream actors, while digital and physical products and services are refined in the opposite direction. Value propositions are formed towards downstream actors and revenues can come from the closest actor in the chain and/or from actors further downstream. One-Sided Business Models Two-Sided Business Models When the refinement of products and services, or the monetary flow has two directions, it is referred as Two-Sided Business Models. The concept of a value chain and terms such as upstream and downstream is not as clear as in One-Sided Business Models. Development can be made by what is in One-Sided Business Models referred to as downstream actors and monetary flow can come from actors referred to as upstream. Two – Sided Business...
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...Works Cited Amer, Suzie. "Here comes trouble." Restaurant Business 101.10 (2002): 14-16, 18, 23-8, 30, 32. Business Full Text. Web. 22 May 2010. Calkins, Martin. "How Casuistry and Virtue Ethics Might Break the Ideological Stalemate Troubling Agricultural Biotechnology." Business Ethics Quarterly 12.3 (2002): 305-30. Business Full Text. Web. 22 May 2010. Cebrzynski, Gregg. "Improving food safety by increasing inspector ranks needs to be a top priority for the USDA." Nation's Restaurant News 42.13 (2008): 23. Business Full Text. Web. 22 May 2010. Elan, Elissa. "Industry's beef with meat recall centers on USDA inability to enforce regulations." Nation's Restaurant News 42.10 (2008): 4, 67. Business Full Text. Web. 22 May 2010. Finamore, Catherine. "Common Good, Common Sense." The Internal Auditor 62.4 (2005): 35-8. Business Full Text. Web. 22 May 2010. Fishman, Charles. "The Anarchist's Cookbook." Fast Company July 2004: 70-8. Business Full Text. Web. 22 May 2010. Garber, Amy. "McD seeks less cruel way to kill chickens." Nation's Restaurant News 39.4 (2005): 1, 43. Business Full Text. Web. 22 May 2010. "Genetically Modified Foods and Organisms ." Human Genome Project Information. genomics.energy.gov, 05 Nov 2008. Web. 25 Jun 2010. <http://www.ornl.gov/sci/techresources/Human_Genome/elsi/gmfood.shtml>. “Investigation Update: Outbreak of Salmonella Typhimurium Infections, 2008–2009." Department of Health and Human Services; Centers for Disease Control...
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...International Journal of Business and Social Science Vol. 5, No. 6(1); May 2014 Business Endeavours in Savoury Snack Industry: Old Chang Kee Kumaran Rajaram, PhD Division of Strategy, Management & Organization Nanyang Business School Nanyang Technological University 50 Nanyang Avenue Singapore 639798 Abstract This Case Depicts How The Macro And Competitive Environmental Elements In An Evolving Snack Market Shape The Strategies And Performance Of A Growth Savoury Snack Business To (A) Maintain Loyal Clientele And Attract New Customers; (B) Addressing The Rapid And Continuous Environmental Issues; (C) Intense Competition From Rivals; And (D) Rising Expectations From Customers. Old Chang Kee (Ock) Has Rose From Its Humble Beginning From A Small Stall In A Coffee Shop In 1956 And Established Itself Prominently In 1986, When The Control Of Business Was Taken Over By Han Kee Juan (Executive Chairman Of Ock). In 2013, After About 27 Years, Ock Has Well-Established Its Brand Name And Reputation, Where It Markets Its Range Of Snack Products Through Retail Outlets At Petrol Kiosks And Shopping Malls. Over The Years, Ock’s Efforts In Modernizing And Re-Enginnering The Business Have Assisted In Accomplishing The Business Goals In Upgrading Of The Production Facility, Increasing The Number Of Business Outlets And Specializing In The Manufacture Sales Of A Wide Range Of Very Affordable High Quality Food Products. Ock Experienced Soaring Business Operation Volumes As A...
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...of cocoa beans via child slave labor in West Africa, are both ethically questionable. Business practices from both commodities have little regard on damages inflicted during their production. Ethical issues, similarities, and differences with both commodities will be contrasted, a presentation of socially responsible strategic alternative(s) will follow, and finally possible impact(s) of said strategic alternative(s) to stakeholders highlighted. Identification of both contextual and evolutionary issues is needed to form a comprehensive picture of the situation, linking questionable business performance(s) to Applied Ethics standards. This will assist to adequately categorize the issue and develop a socially responsible strategic alternative(s) to remedy the damages caused, and determine their possible impact(s) to stakeholders. Two generic determinants influence the outcome of either proactive or reactive business ethics practices, the internal and external perceptions of a corporation; in conjunction these two determinants create a generic conceptual framework and also contribute to underpin the sources of proactive and reactive business ethics performance (Svensson & Wood, 2004). Business ethical norms reflect the norms of each historical period, as time passes norms evolve, causing accepted behaviors to become objectionable, these too evolve with time (Business Ethics, n.d.). Business ethics is rooted in the concepts of the philosophical...
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...Examining the Application Business Ethics and Laws in the Tobacco Industry Abstract “Ethics is not something exterior to the economy…rather, ethics is and interior principle of the economy itself, which cannot function if it does not take account of the human values of solidarity and reciprocal responsibility.” (Pope Benedict XVI) I agree with Pope Benedict. Ethics deals with values that relate to the nature of human conduct and values associated with that conduct. In today’s business environment it is critical to understand the relationship between ethics and business law as ethical behavior and corporate responsibility are more important than ever. It has been argued that good ethics within an organization equate to good business, although good ethics are not required to be successful in business. This examination will put a spotlight on the role of ethics in the business environment, with a particular look at the application of ethics in the tobacco industry. Keywords: ethics, business ethics, natural law, tobacco Examining the Application Business Ethics and Laws in the Tobacco Industry “Business transactions are completed through a combination on values of the parties and the laws that reflect those values and the importance of ones word in business.” (Twomey & Jennings, 2014, p. 33) Business ethics examine an organizations ethical principles and potential moral and ethical dilemmas. In a general sense, business ethics is the application of moral and...
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...Scientific Management. 1900 – 1925: The Internal Process Model The Internal Process model of management is concerned with processes of responsibilities, measurement and orderly rules, structures and procedures. In 1916 Henri Fayol identified management as a universal set of functions encompassing: planning, organising, commanding, coordinating activities, and controlling performance. The impact of Fayol’s concepts of managerial function still prevails today as many academic texts on management have their chapters structured around the broad headings of Planning, Leading, Organising, and Controlling which has been dubbed the Process Approach. Fayol described the practice of management as something distinct from other functions of business such as finance, accounting,...
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...important numbers – the statistics that would demonstrate the positive results of the performance management system he’d put in place a year ago. Hiram had already seen many of the figures in bits and pieces. He’d retained the consultants to establish baselines on the metrics he wanted to watch and had seen various interim reports from then since. But today’s meeting would be the impressive summation capping off a year’s worth of effort. It was obvious enough what his introduction should be. He would start at the beginning at Rainbarrel Products a year ago. At the time, the company had just come off a couple of awful quarters. It wasn’t alone. The sudden slowdown in consumer spending, after a decade-long boom, had taken the whole industry by surprise. But what had quickly become clear was that Rainbarrel was adjusting to the new reality far less rapidly than its biggest...
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...The term Business Environment is composed of two words ‘Business’ and ‘Environment’. In simple terms, the state in which a person remains busy is known as Business. The word Business in its economic sense means human activities like production, extraction or purchase or sales of goods that are performed for earning profits. On the other hand, the word ‘Environment’ refers to the aspects of surroundings. Therefore, Business Environment may be defined as a set of conditions – Social, Legal, Economical, Political or Institutional that are uncontrollable in nature and affects the functioning of organization.Business Environment has two components: 1.InternalEnvironment 2. External Environment Internal Environment: It includes 5 Ms i.e. man, material, money, machinery and management, usually within the control of business. Business can make changes in these factors according to the change in the functioning of enterprise. External Environment: Those factors which are beyond the control of business enterprise are included in external environment. These factors are: Government and Legal factors, Geo-Physical Factors, Political Factors, Socio-Cultural Factors, Demo-Graphical factors etc. It is of two Types: 1.Micro/OperatingEnvironment 2. Macro/General Environment Micro/Operating Environment: The environment which is close to business and affects its capacity to work is known as Micro or Operating Environment. It consists of Suppliers, Customers, Market Intermediaries, Competitors...
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...Business Tourism as an Industry Driver Lilla Széplaki DISSERTATION FOR BA (HONS) IN TRAVEL AND TOURISM MANAGEMENT OXFORD BROOKS UNIVERSITY AND INTERNATIONAL BUSINESS SCHOOL – BUDAPEST 2007/2012 1 Acknowledgements Hereby, I would like to express my deepest appreciation to the Sales team of the Budapest Marriott Hotel, who gave their assistance informing me about all the needed data. I would like to thank to the people with whom I have had interview and also for my former colleagues from the Kempinski Hotel Corvinus. They supported me in my research work. I am deeply indebted to my supervisor Mr Alan Godsave. His suggestions helped me to write this thesis. 2 Table of Content 1. 2. Introduction......................................................................................................... 4 Literature review ................................................................................................ 7 2.1. 2.2. 2.3. What is Tourism? ........................................................................................ 7 The World Tourism Organization (UNWTO) .......................................... 8 Current situation of business tourism ....................................................... 9 Globalisation ......................................................................................... 9 International Trends .......................................................................... 10 The affecting factors of Business Tourism...
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...Copper Industry The Copper Industry is a globally attractive industry due to the great demand for the resource as well as the striking economic value. The copper industry is a multi-billion dollar global market. With mines all across the world, drillers are constantly pushing to get their hands on a bigger piece of the market. Copper is an extremely valuable resource due to its corrosion resistance, high conductivity, and ability to alloy with other metals. The electrical, electronic, and communications industries account for the most usage of this attractive metal. The metal is also frequently used in the construction industry for water pipes and wiring. With such a global demand on construction and infrastructure, this resourceful metal has a strong future growth potential. The copper industry is very prosperous and has a solid future due to the growth in global capital expenditures and as well as the attractive properties. The copper industry is of strong interest of myself due to the fact that I am highly involved in the construction industry. I have a high interest in researching cleaner and more useful resources to use in new developments. The properties of the copper metal are of high praise because of its multiple uses within the building industry. Copper is used for gas lines, water lines, electrical wires, roofing, cladding, energy efficient heating systems, and even rain water systems. Copper is strongly encourage to be used in the construction industry because...
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...BACKGROUND and HISTORY Nintendo is the oldest gaming organization in the world, founded in 1889 and started as a producer of card-games (Jones, 2013). Nintendo developed its first video game system in 1979, entering the video gaming as their primary business and creating a very successful game console called Nintendo Entertainment Console (NES). Mario Brothers and Donkey Kong were among the most famous games in the world, Nintendo used cartridges to play games, until 2001 where it started releasing games in optical disk technology page (C194) (Dess, 2014). According to Dess (2014), Genyo Takeda is the general manager of Integrated Research and Development who had a big role in creating the Wii game console that was intended for all ages, men and women, very user friendly and it also had online capabilities. Nintendo’s current CEO and president is Satoru Iwata, he is the fourth president and CEO of the company. In 2015 it was reported that company’s total sales for the year of 2014 was 443 billion yen ($3.8 billion), it was boosted by 484 percent year-over-year to 59.5 billion yen (Reseinger, 2015). PORTER’S FIVE FORCES MODEL Being the oldest gaming company, Nintendo started without any competition threats until Sony and Microsoft joined the gaming market; the entry barriers were not high as both companies established their existence quick in the market by offering different styles of gaming and graphics, which created a bargaining power of buyers for Nintendo especially asking...
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