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Business Essays

Implementation of the Balanced Scorecard

A Critical Analysis of M&R’s Implementation of the Balanced Scorecard The balanced scorecard is a strategic management system that helps organizations track and manage the execution of their strategies. McWatters and Zimmerman (2015) note that with a balanced scorecard, managers can describe and measure their strategies and track the execution of strategies and monitor the ... Read More
Pages: 3       Words: 678

Examine How Natural Selection Effects Consumer Behaviour

Natural selection is best known as a process whereby only the organisms who have best adapted to their environment survive and transmit their genetic characters while those who did not possess the proficiency to adapt tend to be eliminated and suffer fatalities (dictionary.com, N.D.). Humans still have certain traits of ancestors which derived from the ... Read More
Pages: 11       Words: 3002
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Enhancements in the Manufacturing Industry Versus Health Care Industry

Improvements within the healthcare fraternity are indispensably a broad entity that needs to incorporate different stakeholders to enhance quality and overall health outcomes. As a process, continuous improvement in healthcare utilizes current data on the ongoing improvements of the quality of products or services. Continuous development within the healthcare fraternity allows healthcare providers to question ... Read More
Pages: 5       Words: 1216

Effective Business Communication

Effective business communication is critical in today’s workplace (Kossen et al, 2013). Positive relationships with key stakeholders are critical to a company’s success. Culture influences the interests, behaviors, and priorities of various stakeholders. Thus, effective communication is essential to getting the right information to the right people at the right time (Lehman, et al., 2016). ... Read More
Pages: 6       Words: 1459

Financial Knowledge as a Key to Rational Financial Investments

Measuring the risk in the financial portfolio enables the investor to assess the investment performance. When measuring risk, the investor can calculate the difference between the cost of investment and the expected returns from the investment. The investor can reduce the risk of the investment without affecting the returns by establishing a financial portfolio where ... Read More
Pages: 4       Words: 883

Doing Business in BRICS Nations

Market Entry When bringing the vehicles to the South African market, SOLA will need to conduct extensive market research to identify potential customers and purchasing trends and preferences. Because South Africans are notoriously brand-conscious, this is especially true for lesser-known firms. Because the market is so fragmented, understanding how to segment it is crucial for ... Read More
Pages: 6       Words: 1383

Does Cryptocurrency Pose More Benefits Than Challenges?

A cryptocurrency is a digital currency that offers more security with less external control. Since the development of cryptocurrencies, many people and organizations have adopted this form of currency. The idea between the digital currencies was to give total control to the currency’s owner. Governments do not interfere with digital currencies in any way. The ... Read More
Pages: 7       Words: 1779

Development Trajectory of China

After 1945 which marked the end of the world war, different countries embarked on their countries developmental strategies. Based on Asian countries, most of them were colonized, which led them to experience various economic problems. The majority of the citizens had migrated to the towns searching for the good life, leaving rural areas without development. ... Read More
Pages: 4       Words: 1094

Davely’s Supermarket Critique Report

Introduction David and Lily, who grew up operating the family Asian Supermarket in Brisbane, founded Davely’s Asian Supermarket. With over 25 years of business expertise, they take pleasure in giving their clients what they desire most: a great selection, the highest service quality, and always a warm smile. Davely’s Asian Supermarket is situated in Brisbane’s CBD ... Read More
Pages: 6       Words: 1642

The Pros and Cons of Cryptocurrencies

Overview Today’s digital money is called cryptocurrency, and it is a digital or virtual currency encrypted by encryption to prevent counterfeiting. Most cryptocurrencies are based on decentralized networks based on blockchain technology; an open-source distributed ledger maintained by a worldwide network of computers. The bitcoins could not be manipulated by a government since no central ... Read More
Pages: 9       Words: 2307

Value-Based Management

According to Malbasic, values within the organization are crucial in handling the operations of the business. Organizations set their values in alignment with their goals to increase their overall performance. Whether long-term or short-term, organizations attain their goals in an economic, social, and cultural environment. It is, therefore, important for organizations to have diverse values ... Read More
Pages: 7       Words: 1687

Crisis of Argentina

Introduction John Maynard Keynes is a 20th-century British economist who developed his economic thoughts and is the father of modern macroeconomics. Keynesian economic theories have significantly contributed to the economic theories and impacted the global economic policies of governments (Chen). His basic economic principle is that an investment level should exceed the saving rate to ... Read More
Pages: 5       Words: 1252

Crisis Management and Its Help in Responding to the Sudden Situation

Introduction Crisis management is defined as how an organization deals with the emergence of a sudden situation. The Covid-19 pandemic was a sudden situation that led to changes in all business perspectives affecting the operations. Crisis management is characterized by three elements that include foresight which is the ability to predict a situation and make ... Read More
Pages: 8       Words: 2067

Core Competencies at the example of Wells Fargo

Core Competencies are areas in which a person has a high level of expertise. They assist a company in distinguishing itself from its competitors because they are difficult for competitors to copy or obtain. Wells Fargo’s core competency is a high level of expertise that provides unique value to its customers (Hearit, 2018). The company ... Read More
Pages: 4       Words: 890

Contingency Planning and Its Importance for Present-Day Organizations

A contingency plan serves the purpose of enabling an organization, institution, or enterprise to resume normal operations. The recovery should be as fast as possible after an unanticipated occurrence. This plan works by safeguarding resources, reducing customer disturbance, and identifying essential personnel by allocating particular roles throughout the recovery process. It identifies potential problems and takes action ... Read More
Pages: 7       Words: 1848
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