...Managerial roles in business MGT 521 - Management February 09, 2015 Managerial roles in business Managers are directed to perform their responsibilities and discover through formal training or hands-on experience how to integrate the five basic fundamentals of their job: planning, organizing, staffing, leading, and controlling (Houghton Mifflin Harcourt, 2014). “Business managers oversee the day-to-day operations in large and small organizations. In a big company, managers typically oversee an individual department, such as marketing, sales or production. In a smaller company, the business manager might oversee operations in all departments. Office managers oversee the work of clerical or support staff in the business” (Kelchner & Media, 2015). Planning According to Robbins and Coulter (2012), planning is explained as, “Defining the organization’s goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate work activities” (pp. 204). “Say, for example, that the organization's goal is to improve company sales. The manager first needs to decide which steps are necessary to accomplish that goal. These steps may include increasing advertising, inventory, and sales staff. These necessary steps are developed into a plan. When the plan is in place, the manager can follow it to accomplish the goal of improving company sales” (Houghton Mifflin Harcourt, 2014). Organizing Once a plan is established, a manager has to coordinate...
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...| The Role Of Ethics in Business | | | | 1/16/2014 | | In this paper I will discuss the role of business ethics as it relates to business operations and the challenges of starting and maintaining an effective business ethics program. I will begin with Jennings' (2012) definition of ethics in business and its role from his perspective. I will then make comparisons with other authors' opinions for discussion, including Peter Drucker’s (1981) take on business ethics and Carr’s (Jennings, 2012) viewpoint as well. How business ethics' role relates to the notion of Corporate Social Responsibility (CSR) and ongoing challenges will also be discussed. I will conclude with my own comments on the relationship between personal and business ethics and my thoughts on how to start and maintain company ethical standards. Business Ethics And Its Role: Definitions and Discussion The concept of being ethical in business is a mercurial topic these days; given the expansive and rapid global reach of today's multimedia, it can take mere hours for a reputable business image to get tarnished because of one ethics-related incident. In his text, Jennings' definition of business ethics is "...not the study of what is legal but of the application of ethics to business decisions. (Jennings, 2012, p.45)" Many business leaders today focus on what is legally allowed--they are aware of the legal parameters within where they can operate, and simply execute their profit-driven...
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...The Role of Internet in Business The Internet, also known as the World Wide Web (WWW) is a global set of documents, images, and other resources logically interrelated and inter-referenced. The internet provides many services for people such as communication, data transfer, and access to material. For example, email is a typical communication service available on the internet; it can easily be used to mail letters，pictures, documents, and other files. It is fast, safe, and reliable. The internet is widely use in business, education, and other fields. It has already changed people’s lives in immeasurable ways. With the development of the internet, more and more people are willing to enrich their lives through the internet, by watching of films, playing games, listening to music, attending to school, and shopping on line. As a business, the internet has revolutionized the way firms do business, and the way customers buy and use products and services. Through the internet, business marketing and customers are being connected closely. This provides a big opportunity for business marketing. The internet is widely used in shopping, study, businesses, and marketing. For example, the internet made shopping easily and conveniently. Amazon.com and ebay.com are typical online store. Thousands of products available in these sites, customers can choose and buy all online. For studying, it is possible that online learning available for students with internet. The University of Phoenix...
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...information to the investing public. Public companies in the United States with more than $10 million in assets and whose securities are held by more than 500 owners are required to file annual and quarterly statements (Forms 10K and 10Q) with the SEC. These forms are supposed to disclose information about such public companies financial condition and business practices. This disclosure is expected to help investors make informed investment decisions. To restore the investing public’s faith in capital markets, Congress passed the Securities Act of 1933 and Securities Exchange Act of 1934. These laws were designed to restore investor confidence in U.S. capital markets by providing for more structure and oversight. American Journal of Business Fall 2002: Vol. 17 No. 2 The Social Impact of Business Failure: Enron Uma V. Sridharan, Lander University Lori Dickes, Lander University W. Royce Caines, Lander University According to Merriam Webster Online, law is "a binding custom or practice of a community; a rule of conduct or action prescribed or formally recognised as binding or enforced by a controlling authority." The role and function of law is to maintain peace, personal freedom and social justice Law functions to maintain social control and protects public order by resolving disputes in a peaceful manner. Laws also facilitate orderly change by spelling out acceptable processes for instituting change. Constitutional laws outline what...
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...The role of innovation in business Introduction Innovation is defined in Schumpeter's Theory of Economic Development (1912) in the field of economics. In Schumpeter’s view, innovation is the process that introduces new combinations of production factors into the production system to get potential profits (Shelton, 2009). Schumpeter argued that innovation is composed of five aspects: the introduction of new products, generation of new technologies, exploration of new markets, acquirement of new materials, implementation new organizational forms (Shelton, 2009). As the famous statement of Ralph Waldo Emerson goes, “If a man can write a better book, preach a better sermon, or make a better mousetrap than his neighbor, though he build his house in the woods, the world will make a beaten path to his door”. The innovation in business has become more and more important nowadays. Continuous innovation is a significant factor for the success of a company. However, is it true that as long as the company can achieve sustainable innovation, it can become successful? This might not be totally right. This essay analyses the role of innovation in business and critically analyzes how innovative strategies can provide businesses with a competitive advantage in their market sectors through the case of Apple Inc and Coca-cola. Discussion Firstly, it comes to prove the correctness of the statement supported by a situation of real case in business. Schumpeter believed that new...
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...Financial statements are the basic statements that summarize the financial activities of a business and are prepared by businesses to indicate the financial steadiness of the business to investors, creditors, and other external entities (McGraw-Hill Higher Education, 2009). The income statement is a representation of the revenues and expenses for a specific period of time in a business. Its purpose is to detail the revenues, expenses, and net income or loss. A net income is the result of revenues exceeding expenses and a net loss is the result of expenses exceeding revenues. The income statement does not include investment and withdrawal transactions between the owner and the business in measuring net income. The investment and withdrawal transactions of the owner are not included on the income statement when measuring net income (Weygandt, Kieso, and Kimmel, p. 23). The owner's equity statement summarizes the changes in owner's equity for the same time period that the income statement covers and indicates why the owner’s equity has increased or decreased during that time period. The data included in the owner’s equity statement is derived from the income statement. It shows the owner’s beginning equity, investments, net income or loss, and the drawings of the owner (Weygandt, Kieso, and Kimmel, p. 23). The purpose of the statement of cash flows is to provide information on the cash receipts and payments for a specific period of time. It reports the effects of a company’s operations...
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...The Role of Law in Business The rule of law establishes rules that people and businesses must follow to avoid being punished. The rule of law not only allows people to understand what is expected of them personally, but also sets out rules for businesses so that they know what is expected of them in their dealings and transactions (Lau & Johnson, 2016). It also restrains government and others from infringing on property rights. Should disputes arise, the rule of law provides a peaceful and predictable means by which those disputes can be resolved (Lau & Johnson, 2016). The rule of law is designed to provide guidance and direction in every area of business. It provides a means to bring a complaint against another party to a neutral decision maker so that a decision can be made regarding the dispute (Lau & Johnson, 2016). A complaint can be filed in the proper court to commence litigation or an alternative dispute resolution (ADR) can be used to avoid litigation. When a proceeding is instituted, whether through litigation or ADR, it is expected that there will be some sort of a resolution. This expectation is reasonable only because there is a rule of law. In 2013 Andrew Cohen wrote about the alarming impact of the funding sequester on the nation's Federal court system. Cohen explained that citizens everywhere would see vital legal rights denied or delayed by the forced budget cuts. The cuts imposed by the sequestering had a negative impact on Federal...
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...The Role of Ethics in the Workplace Ron Kebul MBA 530 September 17.2012 Joseph (2000) noted that leaders who want to establish a practice of positive workplace ethics within their organizations should develop written ethics standards, provide ethics training, and ensure resources are available for employees in need of ethics advice. According to him, the list of potential benefits linked to an effective ethics program includes recruiting and retaining top quality employees, fostering a more satisfying and productive work environment, maintain the trust of employees to ensure continued self regulation, encouraging open discussion of ethical issues, providing ethical guidance and resources for employees when confronted with difficult ethical decisions and for overall mission accomplishment. We are tempted to think of ethics as something to do with our personal behaviors which is totally unconnected with how we conduct ourselves in the business world where all we worry about is the bottom line and not necessarily doing what is morally right. The fact is that they are both interrelated and intertwined. Ethics are all about the choices we make and sometimes, they may not feel good or even benefit us, but the right choices. According to the supplemental research brief by the National Business Ethics Survey conducted in 2009 in conjunction with the Hay Group on Ethics and Employee Engagement, the present economic downturn has given a wakeup call to organizations...
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...The Role of Marketing in Business 1. Mission Statement Analysis Procter & Gamble Co, as known as P&G, is a leading consumer goods company in more than 180 countries with 80 brands. It was founded by William Procter and James Gamble on 0ctober 31, 1837. The original products of P&G are candles and soaps, but now, P&G has various kinds of products, including pet foods, cleaning agents, personal care products, as well as food and beverage. The mission of P&G is to make life better (P&G, 2003). Also, P&G has its corporate values in integrity, leadership, ownership, passion for winning, and trust perspectives. To achieve its values and mission, P&G complies with laws and P&G policies to do the business and productions. Besides, it also provides personal workplace to make sure employees have a clear, nice and safe place to work. Apart from this, P&G also present to be fair not only for its suppliers and customers, but also for its competitors. And for the research involving animals, P&G works with animal organizations to make sure the high standard of animal cares. Besides, it also invest millions dollars to innovate other test methods. Also, P&G focuses on sustainable development that providing products and services to improve the life quality of consumers in health and convenience aspects. 2. Careers in Marketing Summary Among these marketing careers, I am pretty interesting in Advertising & Public Relations, and Market Research. The Advertising & Public Relations is more...
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...qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyui opasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfgh jklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvb nmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwerty uiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdf ghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxc vbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwer tyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfg hjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcv bnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwert yuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasd fghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzx cvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwe rtyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertyuiopasdf ghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxc vbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwer tyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopas dfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklz xcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrt yuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasd fghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzx cvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwe rtyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopa sdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjkl ...
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...performing their expatriates’ assignments than men and the literature not supporting issue will discuss about advantages over male side rather than women in expatriates assignments. These both literature issues will be discuss and compare on details in perspectives expatriate gender between male and female. The previous study have found, suggest that women often have great success in performing their foreign assignments, certain have stated that women and men performance expatriates equally same and also certain found that men will be much better perform expatriate task rather than female expatriates manager. 1.0 INTRODUCTION Business firms are increasingly becoming aware that the key to success in the marketplace rests with their ability to mobilize and utilize their human resource talent in formulating and implementing new global business strategies. To achieve that, many medium-sized...
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...Business and Society Law Kimberly Johnson LAW 421 June 22, 2015 Lisa Johnson Society and Business Law We live in a society where there are rules and regulations surrounding us on a daily basis. No one gives it a second thought to obey the rules of the road or to automatically pay for your groceries at the store. Laws are in place to ensure a peaceful existence for all of society, and to preserve the rights of individual Americans and businesses. Individuals who choose to disobey the laws will be punished. This paper will put the following three topics into perspective; the structure and nature of the constitution, the role and function of law in society, and the judiciary system. The Organization of the Constitution The structure of the constitution is set up to ensure that each section or branch does not exceed its authority. “The constitution has a preamble, seven articles, and twenty-seven amendments (Melvin, 2011)." The "Bill of Rights" are comprised of the first 10 amendments. “The first three articles establish a three part system of government with these three branches: the legislative branch, the executive branch, and the judicial branch (Melvin, 2011).” The first amendment guarantees each citizen the freedom of religion, speech, and press. The second amendment ensures citizens the right to bear arms. The third amendment guards against forcing citizens to house and feed soldiers. The fourth amendment guards against unreasonable search and seizure...
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...The Role of Accounting to Business and Society Justin A. Case Strayer University Introduction to Accounting ACC101 Professor Jose Martinez August 27, 2013 Introduction In today’s economy Accounting plays a huge role, as it points or refers to accountability and transparency in the business environment and paints a picture of any business. Also, it enables business managers and corporate leaders to make better comprehensive decisions regarding the financial shape of their business. Accounting is fundamentally described as a mathematical discipline in which allow companies to universally record, analyze and retrieve financial information that is critical to them. This information is then used to determine the companies’ financial positions consequently enabling the management team to make sound decisions depending on the information at hand. The Role of Accounting on Business and Our Society Financial statements are snapshots of a business's economic or cash flow condition. These are mainly formal financial activities, which are written to measure the performance, financial strength and the liquidity of the business. These financial reports include the balance sheet, income or profit and loss statements, and cash flow statement which are used to represent the businesses’ economic position. The income statement which reports the company’s financial status in terms of profits or losses made during a given period. It comprises of income and expenses, from which the...
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...The Role Immigrants Play In American Businesses and the American Workforce The role immigrant’s play in American businesses and the American workforce are way bigger than Americans think. Immigration brings numerous benefits to the nation because they work in all types of occupations. There is nothing that immigrants are not in our nation; they vary from scientists, construction workers, teachers, engineers and so much more. They play roles in big businesses and small business and they help grow our economy and communities. They partake in lower skilled industries such as fruits and vegetable processing, meat packing, agriculture, etc. This is something that we purchase daily all thanks to immigrants. There is research that shows that immigration...
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...The Role of Ethics in Business Evolution Reconciling works of Managerial Literature, Business Ethics Writer and Catholic Social Teaching, Domènec Melé argued that a firm should be considered as a wholesome person and suggested the ethical implications of his view (Melé, 2012). The concept that a firm should be regarded as a legal person, and not just a profit seeking entity, was brought forth by the House of Lords in the (Salomon v. A. Salomon & Co. Ltd., 1897) case, paving the way for modern firms. Melé’s argument was revolutionary in that he considered the firm a wholesome person, bearing moral responsibilities for communities that it may potentially affect. This response paper aims to analyse Melé’s paper, further discuss his ideas, and finally incorporate the role of ethics in human evolution to project the possible direction of business evolution. The article started by suggesting that there are two views of the firm. The former views the firms as a nexus of contracts, implying that the firm functions as an aggregate of agreements. The latter views the firm as an aggregate of interests, adding a human element of desire to the soul-less assembly of agreements. Extending the addition of human element into the firm, Melé argued that the main constituent of a firm is social bonds, and thus, a firm should be regarded as a community. Personally, I think that the progression of arguments is well organised. Contracts stem from self-interests, and self-interests are derived...
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