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Miller, N.J., McLeod, H. and Young Ob, K., 2001. Managing family businesses in small communities. Journal of Small Business Management, 39(1), pp.73-87. Business Strategy _Assessment 2_ Journal Article Review Template Title of the Article Managing family businesses in small communities Date of Publication/Volume and Issue Published in 2001 Volume number – 39 Issue number – 1 Author/s ...
SWOT AnalysisToolsCorp Corporation is situated in Memphis, Tennessee. It is a company that is engaged in building power tools, lawnmowers, microwaves. The product of the company is manufactured in the city and distributed all over North America with the help of many wholesalers and retailers like Amazon and Wal Mart. ToolsCorp Corporation is focuses on expanding into the global market. This report is offered to the strategic officer's s...
How to Evaluate Key Integrated Functional Areas in Organizations and their Supply Chain OperationsSection 1 How can you demonstrate you can evaluate the key integrated functional areas in organisations and their supply chain operations that shape their complexity? (LO1)? Advice from the Individual Synoptic Essay: This is to be introduced within the introduction, analysed in the main body of the work and evaluated within the conclusion. How ha...
Summary Statistics for Delivery Time, Customer Satisfaction, and Sales Price The histogram and the summary statistics for the variable length of delivery time is shown below: Delivery time (minutes/ton.km) count 50 mean 0.3788 sample variance 0.0329 sample standard deviation 0.1813 minimum 0.09 maximum 0.82 range 0.73 ...
Sales Plan for a New Launch of a Business The first part of the discussion deals with the sales plan of a a new launch of a business. The various financial strategy and mix have been stated in the report. The chosen business is a launch of a new electronic repairing business that deals with the service of the electronic devices of the local crowd. The focus is on the technique of funding that is crowd sourcing (LaToza & van der Hoek 2...
Naming cells included in spreadsheetNaming cells included in spreadsheet Within the spreadsheet the cells are provided names so that the users can easily refer to it. Further, it enables the users to input formulas easily and make the alterations in convenient way, if required (Brief & Peasnell, 2013). The following example will show the revenues and expenses in the spreadsheet. Negative numbers in the excel sheet can be shown through ...
Reflecting on Performance and Developing TargetsFrom our group presentation, I have learnt several skills. The first thing that is learnt by me is the effective time management. In time management, I have learnt that giving priority to the most effective thing. During the project also, I have given the major priority to the most important thing. After prioritization, we have done the scheduling. Under this, it is come to know that under what t...
Principles and Theories of Organisational Development in Contemporary Business SettingsCoca-cola company which is an international manufacturer of beverages has been used as the case study (Pendergrast, 20130). It is an American company that was founded in 1886 that serves in the beverage industry. It serves in 200 countries globally with its unique beverage products that no other company has been able to match against. Its strategic actions h...
About Kogan.com1.Kogan.com is a retail and services business which is a pure –play online retail website. The various business of Kogan is Kogan Marketplace, Kogan Mobile, Kogan Insurance and Kogan Travel. The company was founded in 2006 by Ruslan Kogan headquartered in Australia (Kogan, About us, 2017). It consists of the few factors which need to be taken into consideration: Threat of substitute- The new product seg...
Develop a decision support model using Visual DSS using the variables described above. Include comments within your Visual DSS model to explain the variables and your calculations.The global business frameworks and the commercial operational scenarios have been always influenced and effected considerably by the development and innovations of global informational technologies, which in turn have considerable implications on how businesses acr...
Concept of Supply Chain and Logistics OperationSupply chain and the logistics operation are essential parts of the business operation. However, organizations face utmost complexity while managing the supply chain operations. There are various dependable factors that make it difficult to manage. Those dependable factors are like logistics operation, relationship with the suppliers, market forecast, and others. Every single dependable factor is ...
KFC: A Brief OverviewInnovation is one of the modern day concepts that most organisations tend to implement in order to get an advantage. According to Drucker (2014), innovation requires a high skill-set and an individual involved in the innovation of products or tactics need to be creative. It provides a sense of uniqueness to the products and the strategies that are employed by an organisation. The assignment talks about the application of inn...
Case Study 1: AOL CEO Tim Armstrong’s firing of a Patch employee and subsequent apologyThe case study highlights a gap in the communication and a discrepancy in the communication management. The case study highlighted that CEO of the company wanted to reduce the number of patch websites due to certain issues within the organization. The company was suffering from a financial crisis, and in an endeavour to cut the costs the CEO of the org...
Ways to Improve Insurance Claiming ProceduresThe four areas in which the company can improve the overall procedures of claiming the insurance are: Improvement in the Data and the Technology Management of the company:The improvement in the management of the data and the technology that, are being used by the company would help the company in improving the insurance claiming procedure (Kui et al. 2017). In addition to this, it would also benefi...
Exploratory Data AnalysisThe report is based on banking sector. When a client of a bank gives the application for loan, the bank decides whether to approve the loan on the basis of applicant’s profile or not. There exist two types of risks related to the decision of the bank. First, if the bank does not permit an applicant with a good credit risk from the people who are likely to repay the loan, then it causes a loss of business to the b...
Economic Advantage and disadvantage among older Australians: Producing national and small area profilesMy son is 19 years old and he is suffering from Autism. I am exploring the various opportunities that would allow my son to live a better life. This course is all about the future work environment and it helps us to be ready to face the future without much difficulty. As a fresher, it is very difficult to find an opportunity and then prove th...
The Offered Trip and Business EthicsBased on the provided case study, it could be stated that Marcus Samuel has been offered a trip on the part of Joanna Ria, the salesperson for IT Solutions Limited. The primary intention is to provide a thorough demonstration of the software package of the software package of the organisation in detail. However, the individual was offered to take his family in the trip as well and IT Solutions Limited woul...
Functional Structure and Its Advantages and Disadvantages 1. The functional structure is the most basic type of organizational structure These structures developed from the concept of high control framework, higher area of the manufacturing organization that turns towards higher efficiency level. The most common benefits of the functional organizational structure are the dependable level of departmental competence by the grouping of employe...
BackgroundInformation and communications technology or ICT could be referred to as the extension term form information technology, which majorly focuses on the role of different unified communication and overall integration of the telecommunication or telephone lines and wireless signals or computers (Dutta, Geiger and Lanvin 2015, p. 1). Large economic incentives are required for merging different telephone networks with the respective system...
Discussing Findings for Different Coffee Machine OptionsCoffee shops in recent years have been identified to be most popular since they offer a good environment for one to relax after a long stressing day from work. This has become a culture to most people who believe taking coffee relieves stress. One can also decide to dash into a coffee shop just to read a book or catch up with friends. For the coffee addicts, a coffee shop is always cons...
Trade theories that support the recent rise of China and IndiaTrade theories serve as metrics that are used in explaining a country’s trade pattern and their effect to the local and international economy of the country (Singh, 2019 p.688). The theory of Comparative advantage and the factor proportions theory are among the trade theories that explain the reason behind the increase in the rise of China and India in the international world....
The Four Types of Capitals Used in Business ModelsThe concept of capital can be interpreted in a number of ways. The particular distinction between the different types of capitals can only be drawn on the basis of the application of these capitals. Researchers have segregated the type of capital into four kinds, which are financial capital, physical capital, human capital, and social capital. These different types of capitals are the fundament...
Task 01a) Two possible applications of word embedding in business Word embedding is widely used in ‘Natural Language Processing (NLP)’, which is a sub-field of machine learning. One of the applications of word embedding can be found in analyzing the survey response. Word embedding solves a common business problem of not having enough tools and time to effectively and easily analyse the survey responses. Vector represen...
Change Management and Leadership in Business OrganizationsThe business organisations effectively focus on adopting the leadership and change management plan within the organisation, to ensure that the organisation’s strategic position within the industry is retained and further development can be done. The change at the organisation is being done as per the industry requirements and the changing customer preference within the industry. T...
Business IdeaThis paper provides a general discussion of transforming traditional business ventures into modern e-commerce business ventures by taking advantage of the current trend of e-commerce business. The paper discusses the business idea and why it is viable to be implemented as an e-commerce business. This is achieved by conducting an in depth SWOT analysis to get all aspects of the business that could lead to its success and the challe...
