Category: Business

Theories to explain why firms choose to integrate different stages of production under single ownership have tended to rely upon the internalization approach first put forwards by Buckley and Casson (1976). Their theory was build upon the work of Coase (1937), and identified a series of advantages that accrue to firms from conduction certain types…

The report discusses regarding the action of diversity at geographical point. Then, consequent half highlights the main problems related to the management of diversity within the enterprises. during this context, a number of the key theoretical ideas are represented that are applied with the analysis of case studied for the report. In distinction, Juliet Bourke’s…

Communication is one of the most important dynamics in the field of HRM because effective communication in an organization creates better understanding of the company’s vision and goals and leads to the achievement of these goals effectively. Effective communication is highly necessary to achieve positive behaviour of employees in the organization. It can become effective…

Monopoly The state may also choose to award an exclusive right to supply to one body, most commonly through franchises or patents. There are many variants of the former. The Post Office, for example, is not overall a natural monopoly, but has always been run as a state monopoly in order to ensure safe delivery…

Effective Leadership and diversity management practices have became inevitable in any business organization, which is determined to overcome the challenges of the global market and establish a positive working environment, which fully utilizes the available human and natural resources. Organizational diversity can be described as the concept of an organization hiring different kinds of people,…

The organization should clearly state what line or products it wishes to develop so that it can help the organization to attain the goals and objectives. This line should be taken and incorporated in the organization mission and focus should be on how this product can be developed for the successful attainment of the organization…

In the 21st century recruiting and maintaining a talented workforce has become a true area of concern. Globalization has completely changed the work environment today and international mobility of the workforce has almost become a rule than exception. This led to a situation where companies are hunting the right people worldwide. Hence, recruiting the right…

In operations management, it is important to implement appropriate planning tools such as forecasting. Forecasting is basically the prediction of the future. Forecasts are mainly focus on the demand for a product or service, and are used as a point for planning and preparation to successfully and competently meet demand. When working from a forecast,…

Introduction The acquisition of materials and assets is a fundamental necessity for any organization’s business operations. Developing effective strategies and methods to procure the best materials at the most cost-efficient ways, as well as maintaining a consistent supply, is crucial for organizational success. This can only be achieved through dedicated procurement and purchasing functions. While…

In 1986, three unique sections specified the U.S. steel market; incorporated steel mills, mini-mills, and specialized steel makers. The integrated mills have the capacity to produce a maximum of 107 million lots of steel annually, mini-mills produced a maximum of 21 million lots of capacity a year, and the country’s specialized steel makers could produce…