...Organzitonal structure is very importnat when it comes to many organizations from day to day business. Withougt a organization structure there the company itself will not run properly, and the company may become in danger of staying open. Organizational structure will help mangers make decisons, based on the comopany needs. When the organzitonal plans are in affect using the organizonatl structure no matter how large or how small the company is the company itself will determine the structure. The company that I choose to discuss in this paper will be Best Buy. In this paper I will compare and contrast Best Buy to other compnaies structure, and also I will eveluate the company marketing, finance, human resources, and operations etc. I will also explain the company designs such as geographic, functional, customer-based, product, service, hybrid, matrix, marketing channels, and departmentalization. Best Buy Structure Best Buy was founded in 1966 by Richard M. Schulz and Gary Smoliak. The store itself started out being the name Audio Speciality store, and when the company itself expanded the company switched ober to Best Buy in 1983. Best Buy is multi business that has expanded throughout the entire world. Best Buy has designed to have maximzed the business by providing different business situations, for different individulas and different businesses. The indivudlas who help run the organizational structure are President, Vice Presidents, Board of Directors etc. Over 2000...
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...performance of organizations will be determined by their IC. The decison makers must deeply understood that IC for now becoming a major source to have organizational’s sustainable competitive advantage, which proven as the fundamental steps of successful business....
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...Assignment # | 1 | Trends and Challenges in Business Analytics | TRENDS | EXPLANATION | EXAMPLES | Real-time Fraud | A strategy in business analytics that helps detect fraud and avoids the chances of theft. | Detecting credit card fraud | Web Display Advertising | A strategy that advertises products/services through the use of Web. | Managing marketing/advertising campaigns on a hourly basis | Call Center Optimization | It is a stategy which aims efficiency meaning more output with less employees. | Optimizing staff | Social media & Social Networking Analysis | It is the process of receiving feedbacks from customers through social media sites which could help in the business and data analysis in the near future. | Mining structured data from blogs; feedbacks from customers | Intelligent Traffic Management | It is managing the deliveries and external transactions of the business in order to meet customer satisfaction. | Traffic flow, rerouting, predicting weather conditions | Smart Power Grids | Using advanced technology to increase productivity and lessen cost. | Monitoring of power consumption | Sustainability | Making sure that carbon footprint does not increase and to think of ways to lessen it. | Measuring and reducing carbon footprint | Bioinformatics | Building new applications | In order to increase productivity and efficiency in checking attendance in CSB, an application will be made to improve the attendance checking inside the classroom. With this application...
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...to the product Lilywhite. Than going to mention the marginal and absorption costing with figures from the table provided in the case study and the reason for underabsorption with a bit of calculations. Next, for decison whether to continue the production of lilywhite (point 5) Have no idea wht abt other financial factors..enlighten me Mr. Kingsley LU... Legal issues – Compulsary financial accounts, optional management accounts (drury p.7) Focus - Financial accounts focus on whole business, management accounts on particular parts of business eg. Cost and profitability of products. (drury p.7) Time dimension – financial accounting provides data for past information, management accounting guides or directs for future decisions (drury p.7) Marginal (variable) costing and absorption costing approaches However, ASC forces to use Absorption costing asmentioned in drury p.230. In Absorption costing, fixed cost per unit and variable cost per unit are included in the production costs, where as in Marginal costing only variable cost is included and the Fixed cost is deducted separately. Under absorbed... Variable costing provides more useful information than absorption costing for decision making (Drury p.237). bcoz, Variable costing removes from profit the effect of inventory changes (drury p. 237) and differences in both approaches (drury p.242). Financial Factors – opportunity costs, depreciation...
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...POLICE DEPARTMENT GOAL MAY INCLUDE INCLUDING PUBLIC SAFETY WITH COST EFFECTIVENESS, SECOND IN PURSUING AN ORGANIZATION GOALS MANAGERS MAY MAKE MANY DECISIONS AND FOR THAT THEY NEED INFORMATION. THE INFORMATION NEEDS OF MANAGEMENT EXTEND ACROSS FINANCIAL, PRODUCTION, MARKETING LEGAL AND ENVIRONMENTAL ISSUES. DEFINITION: “MANAGEMENT ACCOUNTING IS THE PROCESS OF PRODUCING FINANCIAL AND NON FINANCIAL INFORMATION TO ASSIST MANAGERS AT ALL LEVELS OF AN ORGANIZATION. MANAGEMENT ACCOUNTING INFORMATION SHOULD BE DESIGNED TO MEET MANAGER’S SPECIFIC NEEDS AS THEY CARRY OUT THEIR PLANNING AND CONTROL FUNCTIONS AND MAKE SHORT AND LONG TERM DECISIONS.” OR “THE PRIMARY GOAL OF MANAGERIAL ACCOUNTING IS TO PROVIDE INFORMATION THAT HELPS MANGERS PLAN AND EVALUATE COMPANY ACTIVITIES AND MAKE BUSINESS DECISION. PROVIDING INFORMATION FOR PLANNING, EVALUATION AND DECISION MAKING IS THE PRIMARY OBJECTIVE OF MANAGERIAL ACCOUNTING. MANAGEMENT ACCOUNTING vs. FINANCIAL ACCOUNTING USERS OF INFORMATION ➢ FINANCIAL ACCOUNTING IS AIMED PRIMARILY AT EXTERNAL USERS LIKE BANKS ,SHARE HOLDERS, CREDITORS, STOCK EXCHANGE ETC EXTERNAL USERS NEED INFORMATION TO MAKE INVESTMENT , LENDING AND REGULATION DECISON WHERE AS MANAGERIAL ACCOUNTING IS AIMED PRIMARILY AT INTERNAL USERS (MANAGERS AT ALL LEVELS) WHO NEED INFORMATION FOR ROUTINE PLANNING AND EVALUATION DECISION OF FIRM’S INTERNAL...
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...5 Cost Allocation and Activity-Based Costing Systems L E A R N I N G O B J E C T I V E S After studying this chapter, you will be able to 1. Explain the major purposes for allocating costs. 2. Explain the relationship between activities, resources, costs, and cost drivers. 3. Use recommended guidelines to charge the variable and fixed costs of service departments to other organizational units. 4. Identify methods for allocating the central costs of an organization. 5. Use the direct, step-down, and reciprocal allocation methods to allocate service department costs to user departments. 6. Describe the general approach to allocating costs to products or services. 7. Use the physical units and relative-sales-value methods to allocate joint costs to products. 8. Use activity-based costing to allocate costs to products or services. 9. Identify the steps involved in the design and implementation of activity-based costing systems. 10. Calculate activity-based costs for cost objects. 11. Explain why activity-based costing systems are being adopted. 12. Explain how just-in-time systems can reduce non-value-added activities Cost Accounting System. The techniques used to determine the cost of a product or service by collecting and classifying costs and assigning them to cost objects. A university’s computer is used for teaching and for government-funded research. How much of its cost should be assigned to each task? A city creates a special police unit to investigate a series...
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...Sir Richard Branson, Chairman, Virgin Group, LTD . Case Study BUS520 Dr. Sue Lowe December 4, 2012 Abstract Sir Richard Branson was born in Stowe in the United Kingdom in 1950; Branson first business venture was a student paper, which that started him at the age of 16. Sir Branson started this after he had decided to drop out of school. The decision to drop out of school might have been initiated by his seemingly troublesome period in his elementary school. He has a diagnosis of being dyslectic and he also performed poorly in school. Well in the 1970s Sir Branson started a mail order business and later on he started a record label then two years later the business was expanded with record stores named Virgin Records. The Virgin brand grew during the 1980s and 90s and Branson ventured into a airlines and called it the Virgin Atlantic Airways and also started a Virgin record label in America. In 2005 Branson started Virgin Galactic, a space tourism company, where the intention was to eventually reach orbital trips around the globe as well as going to the moon. Well as of Today the Virgin brand has over 200 different businesses, which is great. Sir Branson has differnet leadership models. He is differnet from others in so many ways. Sir Richard Branson is determined a very determined man with many leadership traits...
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...Attitude and its role in consumer behavior Consumer Behavior – MKTG578 DeVry University, Keller Graduate School of Management October 19, 2014 Abstract This paper will address the role of attitude in consumer behavior that is related to belief, which has a significant influence on consumer’s decision making. The paper will also discuss the major factors of attitude and belief that consumer’s tendency respond to certain brand, product, and service. The finding contains in this paper will also present what can attitudes tell marketers about consumer, and what type of information consumer use in making a decision. Moreover, marketer would learn that it is easier to indirectly influence consumer behavior and belief by providing any type of knowledge, such as information and music, to create a good feeling about the product. Most importantly, the basic components that are an effective approach to changing attitude will be found in this paper, which will be very helpful to marketers in term of marketing and repositioning their brand, product, or service. This approach will alter the cognitive structure of a consumer’s attitude that leads them to changes in behavior. Finally, this paper contains an explanation of the link between attitude towards a brand, product, or service and consumer purchasing behavior. Table...
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...Introduction The statement of the question is sometimes true but not always. Definitely, Transnational corporations(TNCs) have brought in both problems and benefits to the local communities, as TNC requires resources and communities need economy developments. However, I would not agree that they had always brought in more problems than benefits to the local communities in which they invest. TNCs were involved in local communities development for long history, they had made huge contribution during the period. The problems happened at the local communities in which the TNCs invest are not responsibilities of TNC only, the local government bodies like governments, legal systems, financial institutions, and etc are also partially responsible for problems of local communities. Whenever corruption, breaches to human rights and laws happen, local governments and other local business entities are normally also involved. Generally speaking, I would agree that some TNCs may have brought in more problems than benefits to the local communities, however, most of responsible TNCs who seek for win-win results of the business operations have brought in more benefits than problems to the local communities. The Extent to Which the Statement is True Th problems brought over to the local communities around the world normally involve the natural environment pollution, increased gap between poverty and rich, cultural inflicts, and etc. As TNC take advantage o their advanced Technology and...
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...on the land where the stores sat. This income eventually earned more money for the McDonald's Corporation than selling food. During the 1960s, McDonald's saw many changes. Kroc became the sole owner in 1961, paying the McDonalds $2.7 million for their share of the business. The same year, the company opened "Hamburger University" at its Oak Brook, Illinois, headquarters to train employees. In 1962, McDonald's golden arches replaced Speedee as the restaurant's main symbol, and ads told customers to "Look for the golden arches." McDONALDS : MACRO ENVIRONMENT Organization’s decision making and performance and strategies are sometimes affected by some external factorsThe most common methods used for macro economic environment analysis is PESTanalysis. PEST anlayis do the environmental analysis from the following points of view:Source: Marketing Model, 2009.: Macro Environment and Marketing Mix3 A. Political factors Political factor mainly refers to government policy. For example, the degree of government’s intervention in an economy is a good example of political factor .According to Oxford University Press political factors mainly deals with thefollowing issues:Good and Services for which Govt would give business permission.The extend at which Government would subsidising firms.Government’s priority in terms of business support.McDonalds are operating their business around 120 countries. Each of the country hasits own government policies regarding business operation....
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...Cola Wars Tonya Hall October 1, 2012 Executive Summary Coca-Cola Company is a leading manufacturer, distributor, and marketer of non-alcoholic drinks in the United States and all over the world. It is a multinational company that has market presence in almost all countries of the world. The company has also diversified from its initial soft drinks to manufacture fruit juices and other non-soda beverages. Its objective has been to maintain its global leadership in the supply of beverages and other non-soda beverages through maintaining high quality production methods that ensure that the name and products remain a household brand. Coca-Cola Company I. Current Situation The Coca-Cola Company is an American multinational beverage corporation and manufacturer, retailer and marketer of non-alcoholic beverage concentrates and syrups. It is one of the most recognized soft drink brands in the world. The company is best known for its flagship product Coca-Cola, invented in 1886 by pharmacist John S. Pemberton in Columbus, Georgia. The Coca-Cola formula and brand was bought in 1889 by Asa Candler who incorporated the Coca-Cola Company in 1892 (“Coca-cola management”, 2012). Asa Candler heavily promoted his product through the distribution of coupons for complimentary glasses of Coca-Cola and the distribution of souvenirs depicting the company trademark. Within three years of incorporation, Asa Candler announced that the beverage was being consumed in every state and territory...
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...work together under the same umbrella. Wherever you go, even the smallest of the company has people from different cultural backgrounds. This mixing of so many cultures at workplace has come up to be challenge for the modern organizations. The modern managers or leaders find it difficult to make a decision for their team, which comprises of people from different cultural and educational backgrounds. There is always a problem of synchronization within the team, which is faced by a modern leader. Since different statements are perceived differently in different cultures, the problem of miscommunication always persists. For a modern leader it is necessary to have the knowledge of different cultures. This knowledge will not only help him in making better decisions, but will also help him understand his team better and be more productive and efficient at work. Geert Hofstede, while working with IBM, saw this problem of intercultural differences and mismanagement arising due to these...
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...analyze the external and internal forces that have influence on the company, in order to determine strengths, weaknesses, threats and opportunities. Nevertheless, the core of this work it to diagnose the interaction between the above, and the Marketing and Communication strategies that Swatch implements nowadays The Swiss watches’ company is present all over the world. It has successfully managed environment changes, as well as it resources and competences. This document seeks to analyze the external and internal forces that have influence on the company, in order to determine strengths, weaknesses, threats and opportunities. Nevertheless, the core of this work it to diagnose the interaction between the above, and the Marketing and Communication strategies that Swatch implements nowadays CONTENT Corporate Presentation 3 External Analysis 9 PESTEL 10 Political 10 Economical 10 Social 10 Technological 10 Ecological 10 Legal 10 Porter's 5 Competitive Forces 12 Mc Kinsey matrix 14 Internal Analysis 16 Value chain 17 Infrastructure 17 Human resource management 17 Technology development 18 Procurement 19 Operations 20 Outbound logistics 21 Marketing and sales 21 Service 22 Swatch in deep: Marketing Mix 23 SWOT Analysis 26 Competitors Analysis 29 Festina 30 Casio 31 Seiko 33 Rolex 35 Corporate Presentation Swatch Swatch is a company that belongs to Swatch Group. Swatch is a manufacturer and distributor of watches;...
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...decision-makers in deciding important decisions. Over the past two decades advancements in technology have elevated the importance of BI systems and software to an organized corporate strategy and overall success. Reliable and accurate BI systems are used by many large corporations; they can be custom-built by a service provider or by people working for the corporation. This is because they are very expensive, cutting edge software systems. Past research has shown that BI is one of the fastest-growing methods of intelligence gathering in the field. With all of the attention of advances in information technology (IT) and how helpful they are it is easy to overlook some of their repercussions. This paper highlights the importance of BI in decision-making areas and the techniques used to make them. Advantages and benefits are then discussed and one major problem is described in detail. Computer hacking is becoming more popular as the future comes closer and it is a larger problem than most think outside of the business world. The conclusion offers an insight into the future of BI and identifies the problem of hacking as its major threat. 1. Introduction Business intelligence (BI) has become one of the most successful and popular ways that an organization uses to answer specific questions or problems over the past 25 years and is vital to success. BI is a term that covers a multitude of different concepts, theories, and methods that are related to data...
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...St. Patrick’s College London ORGERNISATION STRUTURE AND CULTURE. Lecturer: SUJATA OMWENGA STUDENT NAME: AYODEJI WALE OMITOGUN SALAMI. I D: P1018205. GROUP…22B DIAGRAMPICTURE COPY FROM APQN ;( DISSOLVING BOUNDARIES FOR A QUALITY REGION FROM THE WEB.) INRODUCTION: The study is for the analyses of the concept of organisation structure, culture and behaviour. Hence organisation culture is defined as the psychology attitudes experiences, beliefs and values of an organisation. It is the specific collection of values and norms that are shared by people and groups in an organisation and control, the way they interact with each other and the stakeholders outside the organisation. And structure includes both the organisation chart and unwritten lines of power and influence that indicate whose contribution are most valued. Hanley’s four types of organisation culture are discussed as; Power culture: This is the concentration of power among a few. Role culture; this is clear delegation of authorities within highly defined structure. Task culture; is teams formed to solve particular problems. Power derives from expertise as long as a team requires expertise. And person culture exists where all individuals believe themselves superior to the organisation. All this types of culture are discussed here and their usage on the case studies. CONTAINETS………………. ORGANISATION DEFINATION AND DISCUSSION………………………………………………4……..5 TYPES OF STRUCTURES……………………………………………………………………………...
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