Category: Business

CORPORATE STRATEGY is the direction an organization takes with the objective of achieving business success in the long term. Recent approaches have focused on the need for companies to adapt to and anticipate changes in the business environment. The development of a corporate strategy involves establishing the purpose and scope of the organization’s activities and…

The Nursing Practice Act (NPA) is the body of California law that mandates the Board to set out the scope of practice and responsibilities for RNs. The Practice Act is located in the California Business and Professions Code starting with Section 2700. Regulations that specify the implementation of the law appear in the California Code…

In general, how did C&C’s first organizational structure contribute to the store managers’ dissatisfaction? The overall managerial structure of the company inhibited communication and cross training for its managers. The lack of communication between functional specialties keeps cooperation down and thus can lead to poor performance. The inability to be cross trained in multiple functional…

Management by objectives (MBO) is a systematic and organized approach that allows management to focus on achievable goals and to attain the best possible results from available resources. It aims to increase organizational performance by aligning goals and subordinate objectives throughout the organization. Ideally, employees get strong input to identify their objectives, time lines for…

In order for a business to succeed, management needs to identify and comply with the laws and regulations in their area. Management needs to keep in mind that laws vary from state to state. Additionally, as laws are constantly changing, management needs to regularly update their company standards in order to comply with these ever…

1. Describe the organizational structures and devices 3M uses to encourage entrepreneurial activity. Why do they work? 3M heavily based its business on innovation and while doing this it always supported its employees in terms of being innovative. 3M also always followed the alternative ways in order to increase their profit and market share, and…

A budget is a crucial tool for managers in effectively securing and utilizing resources to help the organization achieve its goals. Typically set on an annual basis, budgets take into account the previous year’s budget and any discrepancies. This paper will explore the process of creating an operating budget, compare actual expenses with projected budgets,…

Introduction The success of an organization is heavily determined by the management that is above the scope of the organization. This means that there are a number of controls that might lead to the success while others might lead to the fall of the organization. In this regard then, the public relations cater for those…

A retrenchment grand strategy is followed when an organization aims at a contraction of its activities through substantial reduction or the elimination of the scope of one or more of its businesses in terms of their respective customer groups, customer functions, or alternative technologies either singly or jointly in order to improve its overall performance.…

The term “Corporate Social Responsibility” has become a pivotal aspect of contemporary business practices. Defined as a business’s obligation to follow goals that benefit both the organization and society in the long term, going beyond what is legally mandated, this concept emerged in the early 1970s. In the socioeconomic view, managers and organizations are seen…