Business Management : The Heart And Lifeline Of Every Country, Economy, And Industry Essay

1. List the challenges facing Kongstrup after the collapse of the alliance with MB. How could they have prepared better for the break-up?

Helen’s is an upmarket fashion boutique store in Sydney’s east. Falling sales have been reflected by surveys that reveal consumers view the business as outdated and no longer relevant to consumers’ needs. Strong competition in the area has placed considerable pressure on pricing. The business’s target market, 50-65 year old females, no longer dominated the now younger demographic character of the area.

“The decision to study finance opens doors to perhaps some of the widest ranges of jobs available, as every type of organization needs financial assistance and oversight, no matter what they do. There is no question that the recent financial crisis has changed the landscape of careers in finance, but finance remains among the most competitive and attractive of all career fields (International student)”. The purpose of this paper is to describe two (2) financial career options that an individual with a finance education might pursue and explain the value that such a position adds to a company. The two financial career options that a person with finance education might pursue are financial specialists and finance analysts.

Throughout high school, I have studied a variety of economic concepts and taken part in activities such as Business Club and Economics Club to understand the effects of business on society and enable progress in society by giving job opportunities to those in need and solving its pressing issues.

This course is designed to equip students with the knowledge, understanding and skills required for success in current and future employment or for progression to an undergraduate degree. It aims to provide an educational foundation for a range of administrative and management careers in business, specialised studies directly relevant to individual vocations and professions in which students are working or intend to seek employment and enable students to make an immediate contribution in employment.

1. Frank is director of technology in an MNE in which most of the R&D activities are performed in the parent company’s home country, but then, foreign subsidiaries are responsible for introducing the resulting innovations to their local customers. The innovation process adopted by Frank’s MNE is:

I am a MBA student taking different courses to develop a great understanding of the various aspects that businesses entails. I want to be well –versed in a variety of other areas that will make me confident in my career.

Business and Management is a course I believe that I have the qualities and skills to create a successful career in this area. Ever since I can remember, I recall always wanting to organise everyone and give them certain tasks to do. In fact, even when I was just playing with my friends. I remember how I used to organise all the plays and concerts that we did. I have been inspired by my own Father a director of a successful business organization which has been managed by him over years and also supporting him is a team of well qualified marketers who really know how to move the margins of the companies supply and demand of goods worldwide. This is a field which we encounter in our everyday life which involves with the buying, selling,

1. What factors contribute to the rapid pace of change in business? Is the pace likely to accelerate or decrease over the next decade? Why?

Post University’s Malcolm Baldridge School of Business aims to give students a greater understanding and appreciation for what it takes to be a successful leader in today’s rapidly changing business environment (The Malcolm Baldrige School of Business, 2015). Founded on the philosophy and core values of Malcolm Baldridge (The Malcolm Baldrige School of Business, 2015), the undergraduate business administration degree plan is comprised of a variety of courses that take students through the assorted elements of operating a business, from classes designed to explain the macro environment that affect organizations to how a business should manage its finances. As the capstone course for this degree, the Business Policy Seminar required that I utilize all of the knowledge I have gained in my previous degree work and apply it towards planning, developing and implementing organizational strategies. However, the course was also an application of the core values upon which it was founded. This reflective paper sets out to explain how I believe the Baldridge Core Values were represented and discussed during the course of this seminar.

Taronga Zoo has been consistently trying to promote new visitors to the zoo, as well as maintaining customer loyalty with its regular customers. Promotion of Taronga Zoo has been focused on the birth of new animals within the zoo, as well as around school holiday periods. Various sales promotions are printed in coupon books such as The Entertainment Book, as well as numerous competitions that increase interest and visitation numbers. Taronga Zoo has also used print media, such as various large posters, to promote various events of the zoo.

Business plays a major role within our society. It is a creative and competitive activity that continuously contributes to the shaping of our society. By satisfying the needs and wants people cannot satisfy themselves, businesses improve the quality of life for people and create a higher standard of living.

Restructuring – In 2014 my current employer Silfex has entered a restructuring hierarchy. During this year we obtained a new General Manager and he is focused on aligning our business with our owner’s structure and combining similar business operations. Our previous structure was considered a Matrix structure that had direct reports from both corporate and our site, this system caused tension between managers at corporate and our facility. In this change our General Manager obtained more direct reports which overwhelmed his working duties with the owners and customer relations. His top project was to develop a structure that showed accountability for all management to execute in a given time period. The Pyramid structure was introduced as our new structure. This structure added one layer of management between the Director level and the General Manager which is considered a Senior Director.

Business is loosely defined as buying and selling. However business is both an economic and social activity which is done to acquire wealth and serve the society through the provision of goods and services which the society needs.

What brought me to have a passion for business was my leadership skill set. As a child I always knew what I wanted my profession to be, I get electrified whenever I learn something new or see businessmen in their suits. I have come to realization, this job has a lot of components and it is an everyday challenge, although I have a great fondness for competition as well as challenges. The philosophy of business management considers the fundamental principles that underlie the formation, operation, and the everyday challenges of a business enterprise.