The rationale for change refers to the maintaining of a company’s status to help it compete in the global market. It involves keeping the status quo especially the quality. It is the obligation of the management to devise methods to trigger continued improvement of the firm to show its growth. Continued improvement activities include rectifying obvious problems, monitoring change and sharing information before and after making improvements.
The training regarding the regulations made by the government and the very competitive environment is very crucial to all those who are studying business. Regulation means the rule control of an aspect. This essay is determined to explain the relationship existing between market structures and regulations and the effect they have to the market. The main aim that this essay will dwell on is the anti-trust laws. Industrial regulations relate to the regulations the government issues over firm’s rates, or prices within various industries. This type of regulations exists as a way of diminishing monopolies or as a way of organizing them. Firms that have been regulated are said to have a less incentive than firms, which are competitive in reduction of costs (Spencer, 2000).
The personality of any individual shapes his/her behaviour; therefore, understanding the behaviour of a person within an organization or a workmate has to do with their personalities. One may wonder at different attributes of a person that contribute to their quietness, passiveness, aggressiveness or even quick to anger. It is to the best interest of our understanding to define the term personality. Personality is the way a person interacts or reacts to other people. These are the measurable traits that the person exhibits (Buss & Hawley, 2011). Research on personality revolves around identifying or rather labelling the enduring characteristics that make up an individual.
Management has different aspects. Depending on the personality, there are different management skills that a manager employs. The manager is the person that determines the direction to which any organization will head.
Not each and every person can be satisfied with their job. A survey that was conducted by Right management showed that 63% of individuals that were surveyed were in some level or totally unsatisfied with their jobs.
In the current times, doing the right thing is increasingly turning out to be more difficult than before. Some people no longer understand what the best thing is. Things are no longer clearly distinguishable since there are many grey areas in the decisions arrived at by players in the business world (Kline, 2010). However, for the purposes of this paper, the best decision is any decision that will leave the stakeholders of a business in a better position than they were in before the resolution was made. This is imperative of the people that do the right thing to adhere to all the codes of ethics that people have to follow (Sharp, 2006). Such circumstances are applicable in the event that a company has to choose between maximizing the shareholder value and having a positive impact on the society. According to Jennings (2012, pp. 33), “… the decision is costly to shareholders at first… enjoyed the reputation of environmental responsibility….” This is an example of common conflict between the attainment and maintenance of profitability and the realization of corporate social responsibility
The business environment is currently very competitive, and it is imperative that organizations invest in different aspects if they are to remain competitive. The Continuous Process Improvement has been fronted as a possible concept that can help firms achieve the much needed competitive edge.
Consultancy and accounting services are essential in any form of business regardless of its scope or nature. As long as the business deals with monetary transactions, it requires accurate and up to date account records to ensure sustainability. The case study on a major scandal involving the Enron Corporation presents significant aspects that revolve around the accounting profession. The case study dates back to September 2001, but it is still very significant in analyzing accounting agencies today. The case study has details on the issues that affect strategic planning in any organization and particularly businesses that are based on the provision of accounting and consultancy services.
Supply chain management refers to the efficient coordination between the raw materials from the suppliers in the manufacturing process, the distribution network and the information systems in achieving satisfaction for the end consumer. Caterpillar Inc. is the world’s leading and largest manufacturer of machinery. Its activities are mainly categorized into two segments. The first segment is the machinery and power systems that is concerned with activities such as mining, construction, diesel locomotives as well as gas turbines and engines. The other segment involves the financial products that include the CAT financial and Caterpillar holding insurance. This study however will be concentrated on the supply chain of Caterpillar’s electric diesel locomotives (Handfield, 2011).
This is a healthcare organization located in the United States and operates over 20 hospitals across the nation. Banner HealthCare is a large organization and is 2nd largest in Arizona after Walmart. It has a mission strategy that directs its strategies as well as objectives. Its mission statement is “We exist to make a difference in people’s lives through excellent patient care” (Banner Health, 2014). The main objective of Banner HealthCare is to provide health services to people. Therefore, all its efforts should be geared towards achieving this fate. The health organization is nonprofit making. However, the organizations earnings are significantly high. For instance, in the year 2010, the company reported revenues worth $4.9 billion. The revenues in the year 2013 amounted to $5 billion while that in the year 2014 was $5.4 billion (EY, 2015). This article will analyze the financial reports of Banner Health for the year ended December 2014.