Business & Economics Free Essay Examples

Initial Post Part A: Simulation Simulation in Excel is a simple task that does not require much time. If one needs to simulate random values, he or she may use simple functions of RAND or RANDBETWEEN functions. RAND function provides a number between 0 and 1 with a low probability...

Real estate investment is the commitment of finances to the property with the objective of generating income through lease or rental with an aim of capital appreciation in the long run. Real estate is basically land and any developments made to land and the sets of rights acquired with it,...

Introduction Risk Management is one of the greatest concerns of multi-nationals and businesses which is a practice that involves the processes of identifying, assessing and prioritizing risks within the business and/or corporation. After these processes, the concept then requires that resources are coordinated and applied to the results obtained from...

Background and context of the situation The current problem of Tillerman’s Tea is to find the best possible product mix for its new location in India and reduce production costs. Tillerman has to know how much tea he will be for a New Delhi Blend. Traffic managers attempt to reduce...

Sprouts Farmers Market is a specialty grocery store that sells organic foods and a variety of other natural products. At present, its popularity is defined by the increasing demand for the realized goods boosted by customers’ particular attention to their health during the pandemic. This fact explains the business’s ongoing...

Among the many security-providing companies, G4S stands out as the key employer in the London stock exchange, having an influence in over 120 states with a workforce of more than 620,000. Although one may use this information to claim that this security agent is secure, the paper reveals the major...

There have been numerous cases of fraudulent actions committed by organizations and covered in press. Employees who work in companies with toxic corporate cultures are often challenged by their need to speak up about illegal procedures they are made to do on a daily basis. They often have a psychological...

Tesla Inc. was founded by Elon Musk in 2003 and has become one of the most innovative companies on the market. The organization is engaged in the “design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems” (“Tesla Inc,” n. d.). Tesla provides service and charging...

Introduction History of the Company Chick-fil-A is a United States fast-food restaurant chain specializing in chicken sandwiches. Founded in 1946, it grew from a small diner in Hapeville in the state of Georgia to one of the largest American fast food companies. Chick-fil-A was founded by a Baptist teacher S....

Abstract Communication is an integral part of human life, including the field of business. Communication in an organization is an essential type of business relationship with other people, which performs several functions. In business communication, people use verbal and non-verbal means, which is also of great importance. Today, in the...

Taza is a small chocolate-making company based in Sommerville, Massachusetts, which manufactures unique stoneground organic chocolate in the classic Mexican tradition. It has a staff of about 20 people and sources all its ingredients directly from certified organic growers, with whom the company maintains personal relationships. Taza distributes its products...

Introduction Statistics is a mathematical representation of analyzed data. This method can be applied in almost all areas to explore past, present, and future performance. Statistical data can compare and contrast records that may be used for a specific future event. Collected material can predict the likely happening of a...

Introduction For a business organization to achieve its goals, there must be a plan. A marketing strategy is designed to facilitate the sale of products and/or services. MTN Ghana’s approach to promotion has various components, and all of them are aimed at building trust between the company and consumers. Results...

The Effects of the Driving Forces of Globalization There is no doubt that today’s world has become substantially different from the social, economic, and production systems that were relevant only a few decades ago. Such changes can be seen in all spheres of life, from the classical communication between people...

Technology has played a significant role in elevating entrepreneurship globally. Innovative ideas have been diverse to fit the digital world in business and market systems. Products have been improved through technology; hence, encouraging competition in the market. When the quality of products advances through innovation, their value increases, enabling them...

According to Gowland (2007), monetary policy refers to the process that is used by governments through central banks in regulating the amount of money supply within the economy. This is undertaken by regulating the rates of interest. Depending on the economic conditions in a country, the government can conduct an...

According to the Oxford English oxford dictionary, a tort is an intentional or unintentional harm to another person or property. In most organizations, employees are exposed to various risks as they perform their daily tasks. The risk may be intentional when both parties, that is, the employer and the employee...

Moving to another country is a common activity these days, so many people choose to work in another country quite easily. The self-initiated expatriate is a person “who undertakes his international work experience with little or no organizational sponsorship” (Andresen et al., 2012, p. 11). Such employees, unlike assigned expatriates,...

For Mark and Spencer, Australia is a potential country to expand its business and gain a new market. Australia represents a small, open economy with unusual wage-setting institutions. During the past twenty years, its development has been similar to that of most nations in the Organization for Economic Cooperation and...

Introduction With the increasing profits of companies in the 20th century, the question about their potential contribution to society was raised. Corporate social responsibility (CSR) implies procedures and practices that are considered by companies to make a positive impact and achieve pro-social objectives. In terms of Carroll’s pyramid of CSR,...

Abstract A company’s mission statement essentially defines the company’s reason for existence. It ideally incorporates the company’s most important values, as well as provide direction for short term activities necessary for the attainment of the entity’s long-term purpose. Companies will not often change their mission statements precisely because they define...

Introduction Technology is here with us, it is here to stay, and therefore adopting technology has become a trend in many sectors of the economy. Despite the adoption of technology as a trend, it has proved to be the only way to survive in this competitive environment. Competition in all...

Introduction Laura Ashley is a British textile design company that manufactures home furnishings and clothing and sells them worldwide. It was founded in 1953 by a fashion designer who gave her name to the company and grew to prominence in the 1970s and 1980s. In the 1990s, it was acquired...

Dollar Shave Club’s value proposition and how does it differ from Gillette’s One of the major factors explaining DSC’s success is the unique approach to working with clients and the company’s value proposition. It presupposes a fair price and a client-centric service focused on the increased level of satisfaction among...

Consumer-Buying Process for BMW The consumer buying process is a framework designed to describe customers’ paths on their way to making a purchase. With BMW, the consumer-buyer process begins with recognizing the need to have a vehicle that facilitates day-to-day transportation. At this stage, a particular problem may arise, for...

Introduction This paper aims to propose the attractiveness of a new hotel at Port Rashid, Dubai. The hotel will be 30 stories, including suites, king rooms, and double rooms. It is expected to cooperate with foreign businesses to offer customers the best food and beverage outlets, Asian and Mediterranean cuisines,...

Introduction Research has shown that countries with huge dominant state-owned corporations experience low capital growth compared to states with low state-owned corporations. This is attributed to the effective investment allocation by the privately-owned companies as compared to the state-owned corporations. The current trend in the world has seen most state-owned...

Introduction The purpose of the current report is to brief management on the business environment for Hilton Hotel Sydney. The paper contains an analysis of political and legal, economic, social and cultural, technological, and environmental factors. The report also discusses the competitors of Hilton Hotel Sydney to identify its weak...

Introduction The greatest investment that a business can make for success is an investment in the workforce, which is why HR management is an important part of business plans. This business plan document discusses the workforce-related plans of All Colors of the Rainbow – a newly-established organization to support financially...

There are various definitions of HRM, but most of them are similar in the following: human resource management is a unique combination of philosophy and activities aimed at organizing people within an organization (Sharma 2). To better understand the purpose and scope of HRM, it is advisable to review its...

Introduction Standard Employment Relationship (SER) involves the relationship between employers and employees and can influence employment nature. SER has also been used to ensure that workers can work full-time and enjoy extensive statutory benefits and entitlements. Many companies in different countries have used SER to guarantee that laborers and owners...

Introduction One of the principal conditions of the present-day companies’ sustainable development is the correspondence of their regular operations and essential decisions to international environmental regulations. The company under consideration, Barnana, is no exception to the rule since it cooperates with the United Nations and follows the organization’s goals (Dann...

Introduction World is becoming complex though the technology has been keeping its effort continuously to make the life easier. People are now living in such an environment where everybody is busy to run the life in a higher status then the existing. In these busy days, the people have no...

Introduction Glocalization is a concept that reflects the basic idea of transition from globalization to localization and integration of these practices. In other words, glocalization implies that businesses, NGO’s, or governments place great importance on how global products or practices fit into the local context. This paper aims to analyze...

Introduction International accounting standards refer to the principles that are considered worldwide while balancing financial records. The goal of international accounting has been to create a comparison of different businesses in the world, fostering global trade and increasing transparency in financial reporting. Investors can make well-versed economic decisions about investment...

Management strategies Functional strategies Functional logistics strategies are determined specifically by the arrangement of the services that have been delivered. During this procedure, the technical, legal, as well as economic parameters, must be taken into account at all times. Functional strategies draw around the effect of over bending the business...

Amazon AFI Strategy Framework In strategic management of an organization, the CEO or the department head of the strategy is responsible for the AFI Strategy framework. AFI connects three interdependent activities as part of strategic management. It facilitates the implementation of a strategy to boost a company’s competitive advantage by...

International as well as local companies of the 21st century have to change their missions, organizational culture, structure, power division, reward system, and leadership styles. These changes are unavoidable if the companies want to remain competitive in a global rapidly-changing market. As the world becomes more and more interconnected and...

A risk is any unforeseen event that has the potential of derailing plans and projects. If the risk takes place, it is likely to have a positive or negative impact on the project or a venture being undertaken by a company or an individual. The chance of the risk-taking place...

Brands have risen to become a significant intangible asset of a firm. Product branding requires a firm to apply both art and science skillfully to build a strong valuable brand. A strong brand requires creative designing, careful planning and execution. Branding gives a quick identification to the product’s manufacturer (Kottler...

The effective functioning of any company depends on management practices used to ensure the desired outcomes and attain specific goals. It is vital to create an environment motivating workers to engage in various processes and contribute to the evolution of the company. Designing a productive and satisfying job is a...

Introduction Walmart is one of the largest multinational retail corporations and the world’s largest company by revenue. It operates in twenty-six countries outside of the United States, with the Chinese market being one of the primary focuses for the company’s expansion since 1996 when Walmart opened its first hypermarket in...

Abstract Wobbly Wheels Distribution Company (WW) is a transport and distribution company that aims at increasing current revenue through incorporation of the IT organization. This paper discusses part one of ITSP development that involves description of the business, current economic climate, and financial goals. In addition, the paper discusses the...

The current study employs a quantitative design to explore the relationship between demand and supply in the Hawaii housing market. The independent value is housing supply, and specifically, the number of residential units constructed annually between 1993 and 2015 and annual commercial building permit value between 2002 and 2013. The...

Summary As far as the topic of finance is concerned, it is first of all necessary to understand the difference between the two notions that some people usually use interchangeably. They are accounting and finance, and the exact line drawn between them facilitates the further understanding of finance as the...

Strategic management for corporations refers to the ability to schedule a firm’s operations at the optimum and feasible level possible. Its emphasis is on building a firm underlying foundation in which a business will consequently base its activities by employing the combined efforts and contributions of the manpower and other...

Introduction The Chinese market is earning increasing recognition for offering unlimited opportunities to global corporations, spurring massive inflows of foreign direct investment. This trend is attributed to several socio-economic and political developments in China, including increased adoption of the rule of law, sound institutional reforms, and high research and development...

The supply chain serves as the core of today’s enterprises, becoming the foundation upon which effective business operations are based. The correct organization of a supply chain is key to navigating along the optimal path in today’s globalized, changeable business landscape. As such, logistics networks hold special significance within vital...

Introduction Customer focus remains one of the core values of many companies in the service industry. It involves determining and evaluating the needs of a company’s customers. In determining and evaluating these needs, most companies focus on their products or services, the quality of these products or services as well...

The dilemma of payment decisions adoption has long been the subject for research. Scholars have long aimed to find out which strategy is more effective for employee motivation and achieving competitive advantages by companies. In the following essay, the “best practices” strategy will be evaluated against the “best fit” strategy....

Introduction Business ethics is a kind of ‘applied ethics’ that seeks to assess the ethical principles as well as the ethical or moral issues which have a potential of arising within a business environment (Hartman, 2004). The dawning of the 21st century has resulted in marketplaces that are increasingly becoming...

Ergonomics is the study of the work of human beings and adaptation of environment, practices, and equipments to the demands of the people using them. It is concerned with establishing a work environment that fits the needs of all the workers in their workstations. Ergonomics narrows down its objectives to...

Introduction The process of recruiting can define the success of an entire facility. To improve the results of the efforts of an organization, companies have introduced numerous methods that help them with obtaining an optimal candidate for a job. Depending on the focus of a company’s recruitment of staff, there...

Introduction The international Accounting Standards (IAS), Company Law, and International Financial Reporting Standards (IFRS) provide that companies must prepare financial statements for financial reporting purposes at the end of every financial year. These financial statements include income statement (profit and loss account), balance sheet, and cash flow statement. The income...

Facebook’s data privacy issues have been at the center of discussions regarding unethical business practices. The company has repeatedly shown negligent practices when it comes to protecting its main asset, user data. While accumulating wealth through the popularization of its main social media website, the organization has failed to properly...

Introduction The federal budget of the United States consists of the spending and revenues of the U. S. federal government. As of now, the US government’s primary expenses include healthcare, retirement, and defense programs. Among the leading trends of the last five decades, the nonpartisan Congressional Budget Office reports the...

Situation You have just been hired by Yummy Juicy, a national corporation that sells organic juices at most major retail stores. You have been hired as the West Coast Distribution Manager. After about five weeks on the job, you get the following email: Sir/Ma’am, You are hurting this company. You...

Woolworths Group is a leader in the Australian food and grocery retail market. It has multiple stores in Australia and New Zealand and provides consumers with high-quality middle-range prices products. According to the Managing Director of the company, its mission might be formulated as “placing the customer at the start...

Technological advancements in the field of transportation are essential to consider when discussing the subject of economics. Several researchers state that the period from 1865 to 1900 manifests a significant rise in nationwide profits in the United States, spurred by the transport system changes (Rosenberg 50). In this essay, the...

Introduction Maintaining and developing a network of valuable contacts is a vital skill and duty in almost every industry, and is critically important in any business which relies on interprofessional connections to function at the top of its efficiency. The importance of such connections is progressively recognized more and more...

The given macroeconomics research paper will focus on the multimedia service provider Netflix. The company’s structure is a subscription-based streaming platform, where viewers have an opportunity to watch both Netflix’s original films and other contracted ones. The primary attention will be paid to the macroeconomic structure of Netflix as a...

The Needs and/or Expectations of Others Identification Stakeholders are individuals and groups that the organization impacts directly or indirectly. Therefore, businesses must identify and prioritize the needs and expectations through surveys, interviews, and feedback. My organization provides business IT solutions to individual and corporate clients locally and internationally. Customers expect...

The government of every nation has certain responsibilities that it must meet to ensure that all the activities being conducted in the country are running smoothly. The various responsibilities of the government include the provision of public goods such as security, roads, health care, and education (Schanz & Schanz, 2010)....

Introduction Conflicts may occur in any setting where different groups of people interact, such as in a workplace. However, since the workers have different backgrounds, simple issues can escalate into violence or disharmony within the job environment. Thus, it requires both expertise and organizational regulations to bring sanity among the...

Corporate Social Responsibility (CSR) has been anecdotally considered to provide organizational performance advantages in the contemporary market. However, the majority of the studies conducted on the impact of CSR have been rather focused on organizational performance, with little other mediating effects considered. Fewer studies still have been conducted regarding companies...

This essay is about the continued reliance on Petroleum by the United States and its effects on the US economy between now and 2025. The geo-politics of oil as well as the options before the US in terms of energy transition are discussed here. The base report for this paper...

The changing nature of the global workforce is incontestable and demands exceptional skills to adapt and compete. Unlike in the previous decade, many professionals today appreciate the need to leverage the power of soft skills in the contemporary multicultural global workspace. Exceptional communication abilities, people management, problem-solving, work ethics, teamwork,...

Abstract Leadership can be defined using how a person influences others. The purpose of this study is to identify leadership styles and the traits associated with an effective leader. It also seeks to clarify the difference between having power and being a leader. A person can be a leader but...

Description of Venture’s Services Starting a retail and distribution consultancy business venture in the future is one of the most lucrative business ideas. A business venture is a legal, organizational, economic, and financial unit feature created by entrepreneurs to enhance their business operations (Kose, 2020). This venture will be appropriate...

Nowadays corporate structures, such as companies, exclude sole practitioners and partners from the architectural market. We live in a highly competitive society, and old forms of unions are not as effective today, as they were before. Though the definition of a partnership sounds optimistic enough and tells that it “is...

Introduction A management report plays an essential role in the promotion plan of an organization. For instance, it displays the primary marketing metrics applied in advertising the organization’s critical products. Besides, they create a visualization of the current marketing performance to assess its overall organizational potential. Through the selling metrics...

The significance of embracing diversity within an organization remains a contentious topic, with people holding dissenting views on whether it is a threat or a strength. Despite such a disconnect between proponents and opponents, corporations are gradually moving toward an overt acknowledgment of diverse teams within their structures (Danbold &...

It seems reasonable to state that all companies come to a period when their performance starts being insignificant. This may take place due to various reasons – starting from severe rivalry and ending with pressing governmental policies. However, there are a plethora of cases when the mentioned insignificant performance results...

The review and ranking of the peers’ grant proposals are conducted based on their compliance with the standards of grant proposal writing, their informativity, adherence to the assignment requirements, structuring with all necessary sections present, and the project justification narrative. The following is the ranking of the reviewed grant proposal,...

Introduction Online stores are a significant element of the modern economy. These businesses account for an essential market share because they provide millions of customers with the ability to purchase products via the Internet. Currently, Amazon is one of the most successful representatives in this field internationally. For example, in...

Introduction Internationalisation of companies has been rampant over the years with firms seeking to enlarge their client base with focus on foreign markets. In addition, firms have been seeking to promote their market performance as the need to outsource grips markets. Internationalisation adopts two forms namely downstream internationalisation and upstream...

Introduction A number of authorities have given various definitions of corporate governance. Mallin argues corporate governance is a broad term that encompasses various aspects such as concepts, theories and practices of board of directors, executive and non executive directors (2). Corporate governance focuses on how boards, investors, business executives, auditors...

Introduction Leadership is a powerful strategy that helps managers guide their followers to complete their roles efficiently. The implementation of desirable styles guides employees to collaborate, become more involved, and focus on the outlined organizational goals. This discussion gives a detailed analysis of transformational leadership and reaction to the article...

The case under consideration represents a bright and almost “academic” example of a crucial lack of cross-cultural communications, motivation, and management skills in the company’s top leaders. Nomura Securities International (NSI) is Japan’s‘ giant,’ with a kind of superiority complex due to sound success in the past but not adapted...

Differentiation Differentiation strategy is a set of actions that are structured by a company to deliver unique services and goods at an acceptable cost. The customers see as if something different has been done to guarantee satisfaction (Baker, 2001). According to Fred Smith, the founding director of the FedEx, the...

Brief Helen Strom is a controller and a CPA at Family Games, Inc., a private company. After talking to another CPA and the CFO of the company, Carl Land, Helen faces an ethical dilemma. Carl, representing the interests of the company’s CEO, is convincing Helen to manipulate reported results for...

The main focus of the classical organizational theory is changing the management process to improve work performance. Different researchers attempted to create an effective system regarding three different aspects of management that can increase work efficiency. For instance, Henri Fayol was trying to construct a theory of classical management to...