...form of data backup, or other outdated methods, such as external hard drives. Some Chinese companies did not use any form of data back up at all. Even the larger companies’ back up systems that they were paying millions for were outdated. They used integrated back up systems to store their core data, while their non-core data was stored through outdated means. However the Chinese weren’t as receptive to Cloud storage initially, as they feared their data would be leaked, or that the cloud- storage providers would go bankrupt and disappear with all of their data. In China it was common for Client’s information to be sold by individuals working for service industries, and as a result companies did not “trust service providers with storing sensitive information” (Hao, 2012). 2. Compare the buying practices of small companies versus large companies with respect to backup technology. In respect to backup technology, there were clear differences between the buying practices of smaller organizations versus larger ones. Larger organizations worked with Systems Integrators to purchase IT solutions, while smaller organizations purchased directly from IT suppliers. Larger businesses were “not receptive to new product pitches or opportunities from parties with whom they lacked a connection” (Hao, 2012). These larger organizations were loyal to their System...
Words: 1436 - Pages: 6
...management is an important area for the organization. Regarding human resource management, it is important for the organization to make sure that it is working for the purpose of making sure that it has efficient employees working for it, and the employees carry out the organizational activities in a proper manner. With the help of achievement of targets within the organization, there will be a case that the organization shall be in the position to have its targets achieved in case, there will be a situation that the organization will ensure that it provides good opportunities to the employees and cares for the safety of the employees to a larger level in the future. Key Functional areas of Human Resource Management The first functional area of human resource management is training provided to employees within the organization. Training is a process which is designed for providing knowledge to employees and skills for the purpose of carrying out the organizational activities. Second functional area is compensation and benefits for the employees (Martin, 2008). Regarding compensation and benefits, the employees in the organization are provided rewards for their better performance in the workplace at a point of time. The rewards are provided to the employees for the purpose of motivating them to a larger level. Third functional area is regarding safety and health of employees. The organization ensures that the activities of the organization are carried out in such a manner that...
Words: 1223 - Pages: 5
...Critical examination on the difference between managing a small organization to a big formal organization as an entrepreneur By James Muhowa, Social Science Student Successful entrepreneurs are opportunists who, through their creativity, drive and vision, create economic or social value. They challenge conventional wisdom by practicing disruptive innovation — innovation that creates new markets through the application of a different set of values. They change the rules of the game by questioning the status quo and upping the stakes. It follows that an entrepreneurial organization can be defined as: An organization that places innovation and opportunism at its heart in order to produce economic or social value (Meta, 2013). The entrepreneur shifts economic resources out of an area of lower and into an area of higher productivity and greater yield (Say, 1803) whether a charity or a profit oriented organization, there is a need to use a businesslike approach is the organization is to endure overtime, so should every manager (Armstrong, 2009). A businesslike approach to management is one that focuses on allocating resources to business opportunities and making the best use of them to achieve the required results. All organizations, large or small, are today struggling to develop in an external operating environment which is epitomized by turbulence and uncertainty. Indeed, the natural cycle for most is from this entrepreneurial state, via growth, to protection, atrophy, crisis and...
Words: 4117 - Pages: 17
...Robert Cantu Role of Ethics In the business organizations ethics represent the base core management beliefs and credo. When implementing a code of ethics, organizations need to ensure that they are working towards the objective of protecting interest of shareholders and employees. At the present time, ethics has become a priority for the organization. It is important for organizations to ensure that it makes this particular thing as priority for its activities. After various kinds of scandals occurring within the organizations in Wall-Street, role of ethics is definitely important for the organizations over a period of time in the future. Ethics in organization is crucial regarding certain kinds of areas. First area for role of ethics within the organization is the area regarding benefit of shareholders of the organization. Second are for role of ethics in organization is regarding organizational employees. Regarding the shareholders, organization should make sure that it is working for the purpose of ensuring that it provides transparent information to the shareholders. Financial reporting of the organization should be accurate. In this area, ethics is important as it will help organization to a larger level for ensuring that, shareholders are motivated to invest more in the organization. Ethics will avoid any instance of fraudulent activity within the organization. Such activities will result in the area that the organization has a better image in the market (Ransome &...
Words: 1051 - Pages: 5
...Reporting Practices and Ethics Paper Reporting Practices and Ethics Paper The four elements of financial management are to plan, control, organize, and make decisions these are tools that are in practice in all industries of business. The elements are a key to the financial management these are the resources that will be effective in running an organization. There are financial and managerial accounting both purposes are intended to manage a organization these accounting principles are to address the organization needs, and report any transactions, and changes that will occur with in and out the institution. The major ways to prepare the financial statements, for precise accounting balance sheet are records that the organization owns, and it also informs what the company net worth. Every company needs a statement of revenue and expense in order to know the outflow and inflow of revenue, and the statement of fund balance and net worth are amounts in revenue that plays a major mechanism for any institution. Then there is the last element of financial statements of cash flow, this effect with the other three reports. With larger businesses, it can be inviting to abandon ethics just to make acceptable revenue. Furthermore, the smaller business specific individual is practically independent in his or her judgment making him or she does not have to answer to any staff base or a director. It is also remarkable to note that a smaller company CEO regularly has his or her choices...
Words: 886 - Pages: 4
...the over the world. The Telecommunication Industry (Telecom) is providing fast and easy access to Internet and other related services to everyone, including businesses, homes and access wirelesly. The various companies in this Industry are providing services through wired and wireless connections. The major U.S. companies are: Verizon, AT&T and Comcast. Japan based are Nippon and Telephone cooperation. Italy provides Telecom Italia and Telefonica from Spain. Broadband development is on the rise all over the world and in Nigeria it has become a new growth frontier for their nation’s economy (Azeez, 2016). The profitability of the organizations in this Industry depend on how it markets its services and efficiency of operations. The bigger providers are earning profits on a larger scale in marketing and operations, whereas the smaller local organizations are successfully operating in rural smaller markets where the competition is not available. The major products offered by these providers are allowing consumers to get an access to internet via telephone lines, wireless either though 3G or LTE networks or cable connections. The Telecom Industry A SWOT analysis helps the...
Words: 1118 - Pages: 5
...Virtual Organization Strategy Paper Kathy Kudler created Kudler Fine Foods in June 1998. The store only took nine months for to reach the break-even point, and at the end of the year, a profit was turned. Within the next five years Kudler Foods was able to expand to three more places and has been very profitable. At this time, Kudler Fine Foods is privately owned but wants to expand. Kudler Fine foods can either chose to go public through an initial public offering, acquire another organization, or merge with another organization. Team C will analyze the three options by using SWOT analysis and give a recommendation of the best way to expand. Strengths of Each Approach An initial public offering (IPO) would allow Kudler Fine Foods to go public and sell stock in the organization. Allowing Kudler Fine Foods to increase marketability, an IPO provides flexibility and the opportunity to raise funds quickly from the sale of stocks. Kudler’s management team will remain in control of the organization but will have a board of directors who oversees management’s decisions and ensures that Kudler acts in the best interest of the shareholders. The exposure of going public could increase the awareness of Kudler Fine Foods and could assist the organization in expanding into new markets (Keown, Martin, Petty, & Scott, 2005). Acquiring an organization allows Kudler Fine Foods to acquire the existing assets of another organization and the existing customer base also. The organization...
Words: 1408 - Pages: 6
...Introduction Most organizations will make the claim that customer service and customer satisfaction are a priority. However few organizations today have a system in place to ensure that they are delivering ultimate satisfaction to their customers. Delivering great customer service and providing ultimate satisfaction takes both understanding what your customers want and a way to see that they receive it (Why and How to Measure Customer Satisfaction). As a result, the market for customer satisfaction research continues to grow. I will be identifying the best practice of customer satisfaction measurement, make linkage to my organizations practices and finally make recommendations for improvement. Identification of Best Practices Customer satisfaction can be directly linked to the bottom line of any organization. Customer wants and needs drive competitive advantage, and statistics show that growth in market share and financial success are strongly correlated with customer satisfaction (Evans). Several methodological approaches are used in order to define, measure and analyze customer satisfaction (Evangelos). The best practices of gathering such information include surveys, focus groups and Internet monitoring. Surveys Surveys are some of the easiest practices of gathering customer likes and dislikes. Without interruption, the surveys provide an effective way for customers to communicate with the organization. The communicated data is valuable in that the organization is obtaining...
Words: 1030 - Pages: 5
...Case 11’s problems are very typical for many organizations and movements. In this case, a normally strong group of walruses are effectively weakened by the lack of communication and the lack of approachability of the leading walrus. Many things came to my mind as we were working on this case. The things that stood the most out to me was how well that the elements of loyalty and respect had been fused with fear and lack of accountability. This “fusion” is not new to the business world, even if it was used in this fable to illustrate a very valid scenario. Many organizations and businesses like Enron, even if it was one of the biggest scandals the business world of U.S. ever experienced, has had to deal with the inflamed issue of secrets and notifications that have been suppressed when the organizations were in dire need of having these things exposed, to change the negative course of happenings. Many companies that merge with other larger companies may make seem to us outsiders that they are being bought up because they just wish for a collaborative effort with a larger and more experienced company. This is most of the times not true. Companies that are bought up by other larger companies, usually get into the merge due to an internal problem, that very often can be attributed to an issue related to the lack of communication or behavioral misconducts, that has lead to a grave lack in the input section of the organization, whether it be human capital or just capital. By allowing...
Words: 800 - Pages: 4
...internal and external factors. Some examples of internal factors are The Size of the Business The seize of a business has a huge impact in attracting talent big organizations woo job candidates by offering them lots of benefits, like bonuses, incentives huge salary. This organisations find it much easier to source talent as they are well-known to the public and are more financially able to advertise a post to get a larger range of applicants. whereas with smaller organizations they can be financially constraints, therefore attracting new talent into their organisation can be very challenging, as the resources available to them is limited especially in the area of advertising jobs to the public. As the larger organisation are more likely to use more accessible means to post job advert, like TV, news paper, intranet, specific job website, recruitment agencies. With smaller organisations advertisement will mostly be placed internally like on notice boards, recommendation by employees, in some cases website Benefits of Attracting and Maintaining a Diverse work place An organization's success and competitiveness depends upon its ability to embrace diversity and realize the benefits. Having a diverse work place is very important to every organization as this allows for employees to understand other cultures and beliefs and always have a broader understanding of how diverse people are individually. A diverse work...
Words: 942 - Pages: 4
...Paper STR 581 April 15th, 2015 Ethics Reflection Paper Ethics are important guidelines for all organizations to establish. Ethics drive an organizations culture and a lack of ethics can lead to very negative results. When describing ethics simply it can be defined as what is considered right and wrong. An organizations ethics should be clearly defined for all of its employees. Managers and leaders should always lead by example in making decisions that do not conflict with the organizations ethical principles. Establishing ethics can often times be much easier then actually living them. All organizations should be steered by a strategic plan that considers all the stakeholders involved and affected by the organization. This plan should be available to all employees. Furthermore all leaders in the organization should base their decisions on supporting and furthering the strategic plan. In the formation of a strategic plan both ethics and social responsibility should be heavily considered. Social responsibility can be defined as the responsibility the organization has to the greater good of the overall society that it operates in. While profits are always the main goal of an organization it cannot be the only driving force of an organization. This would lead to immoral and unethical decisions, which will ultimately result in a lose-lose scenario for both the organization and society as a whole. Strategic plans should consider all the stakeholders’ needs, ethics, and their...
Words: 753 - Pages: 4
...Virtual Organization Strategy FIN/370 October 20, 2012 Riordan Manufacturing is a Fortune 1000 company that employs 550 people with projected annual earnings of $46 million dollars. The company was founded by Dr. Riordan in 1991 and subsequently the company name was changed in 1992 to Riordan Manufacturing after Dr. Riordan obtained venture capital to expand the company. The corporate headquarters is located in San Jose, California with additional manufacturing plants in Georgia, Michigan, and China. Products include plastic beverage containers, custom plastic parts, and plastic fan parts. The company is a leader in the industry of plastic injection molding. (Virtual Organization Portal, 2012) Riordan Manufacturing wants to expand operations and they have three options when considering expansion. The three options are going public via IPO, acquiring another organization in the same industry, or merging with another organization. The company must consider the strengths, weaknesses, opportunities, and threats of each option before making a final decision on how to expand. Additionally, considerations on the financial effects of globalization, exchange rate risks, and mitigating the exchange rate risks should be analyzed if the company decides to go international. Strengths Riordan manufacturing is looking for ways to expand their business. They narrowed it down to three options which are going public through an IPO, acquisition of another organization in the...
Words: 1625 - Pages: 7
...IS SMALL BEAUTIFUL? Examining whether size plays a role in the entrepreneurial process Business Thinking – Comm-210 Section GG Instructor: Dr. Isabelle Dostaler Prepared by: Group no.2 Faizan Khan Dorfam Kheiri Elissa Kheirallah Talal Challah Kayla Fuelscher i.d.# 6289169 i.d.# 6114199 i.d.# 6329934 i.d.# 6351964 i.d.# 9098895 Date Due: Date Submitted: April 11th, 2012 April 11th, 2012 The triumph of an underdog story seems to be mythologized in North-American culture. That may, in part, explain why small innovators are often lauded as white knights, champions of business ethics whose chief preoccupation is to galvanize a moribund economy with up-to-the-minute ideas. At any rate, reality deals a heavy blow to newly-minted entrepreneurs. Centralized, staff-laden enterprises possess the economic clout to employ economies of scale, making it very hard for the small business owner to break through. Amidst this competition, can small businesses truly thrive? Is small beautiful? In order to reach a satisfying answer, one may examine the trickle-down effect of employer-employee relations. In particular, the manner in which professional relationships in small enterprises can influence the company’s decision-making process, core values, and competitive advantage. To answer this question, a two-pronged approach...
Words: 2448 - Pages: 10
...diagram to display your analysis. In the next paragraph you are now asked to analyze this case from a larger perspective. You are Hank Kolb and you realize that the quality problems with the Greasex line is a symptom of a larger quality management issue for the organization. You have formed a problem solving team within the organization to analyze this larger problem and make recommendations on how to improve the quality management system with in the organization. Describe how your team will analyze this problem and make recommendations for improvement. 1. Write a problem statement that identifies the improvement objectives. 2. Describe the data and information collection tools that you will use to analyze this problem. Be specific. For the data you would collect, design the data form(s). You may also identify data that may be within the organization data bases that you would analyze. 3. You will also be given some data to supplement this case (since you cannot actually collect the data) to analyze. You are to show how you would use one or more analysis methods to analyze this data. 4. Establish design criteria that you will use to evaluate alternatives that your team may develop. 5. From the information in the case, as well as any other data/information that you have, make recommendations on how to improve the quality management system in the organization. Create an evaluation system that you will use to track the results of your team’s recommendations...
Words: 439 - Pages: 2
...PURPOSE This exercise is designed to help you understand some of the power dynamics and influence tactics that occur across hierarchical levels in organizations. MATERIALS This activity works best where one small room leads to a larger room, which leads to a larger area. INSTRUCTIONS These exercise instructions are based on a class size of about 30 students. The instructor may adjust the size of the first two groups slightly for larger classes. The instructor will organize students as follows: A few (three or four) students are assigned the position of executives. They are preferably located in a secluded office or corner of a large classroom. Another six to eight students are assigned positions as middle managers. These people will ideally be located in an adjoining room or space, allowing privacy for the executives. The remaining students represent the non management employees in the organization. They are located in an open area outside the executive and management rooms. RULES Members of the executive group are free to enter the space of either the middle management or non management groups and to communicate whatever they wish, whenever they wish. Members of the middle management group may enter the space of the non management group whenever they wish, but must request permission to enter the executive group’s space. The executive group can refuse the middle management group’s request. Members of the non management group are not allowed to disturb the top ...
Words: 448 - Pages: 2
