Traditionally, the directors of companies have had an extremely difficult but very narrowly defined responsibility: guide the enterprise toward money. The best companies have been those generating the highest sales, gaining the most customers, and clearing the largest profits. As for ethical questions, they’ve been arranged around the basic obligation to represent the owners’ central … Continue reading An Overview of the Three Forms of Corporate Social Responsibility
Tag: management
Tips to Consider in an International Expansion Strategy
Photo by Pixabay on Pexels.com When circumstances align, and a business is ready to push its boundaries, you can better ensure your success through the following strategies. 1. Remember to Audit An internal business audit provides the foundation for smooth, successful expansion. It’s your metaphorical roadmap, one that addresses every turn, pit stop, and potential … Continue reading Tips to Consider in an International Expansion Strategy
Why do companies internationalize?
Photo by Mikhail Nilov on Pexels.com In a world that is moving faster and faster thanks to global digitalisation, companies have an easier internationalisation process and can benefit from it economically. Today there are different types of strategies that can be applied to reach an optimal internationalization, for this reason, below we will explain more … Continue reading Why do companies internationalize?
Lagos state orders indefinite closure of Chrisland School over student’s death
The Lagos State Government has ordered the temporary closure of Chrisland School, Ikeja, Lagos. The development is in response to the controversies surrounding the death of a 12-year-old student of the school, Whitney Adeniran. This was announced in a statement posted on the official Facebook page of the state government Sunday, noting that the closure was ordered … Continue reading Lagos state orders indefinite closure of Chrisland School over student’s death
How business managers can achieve corporate goals in 2023
Photo by Pixabay on Pexels.com Distinguished Ladies and Gentlemen. It is an honour to be here with all of you today. I thank Business Day for the special invitation extended to Lagos Business School to participate in the Africa Business Convention 2023. The theme of this year’s convention has been aptly named Africa Connected. I … Continue reading How business managers can achieve corporate goals in 2023
What are the key elements of financial planning?
Photo by Vlada Karpovich on Pexels.com Creating a financial plan for your small business can seem challenging and intimidating at first; however, once you educate yourself and understand the different components of a plan and how they fit together, it’s quite simple! Essentially, a financial plan is an overview of your small business’s current finances … Continue reading What are the key elements of financial planning?
Creating workplace culture for constructive change
Photo by Elevate Digital on Pexels.com Speak to most BAME employees in the UK and they will have a story where they have felt excluded from their workplace because of a comment from a colleague. “Where are you actually from?" "You've got great hair; can I touch it?" "Sorry, I thought you were working in … Continue reading Creating workplace culture for constructive change
Elon Musk: An example of leadership with purpose
Introduction Leadership directly affects the organisation's culture and directly affects efficiency and productivity in the workplace. A good leader will align them to fit the employee and provide the necessary resources to fulfil those objectives. Delegation of work and interactions with employees can help boost employee morale. In this, the focus will be on Tesla … Continue reading Elon Musk: An example of leadership with purpose
Global Management: The role of understanding, negotiations and arguments in organizations
WASHINGTON, DC - DECEMBER 02: House Minority Leader Nancy Pelosi (D-CA), speaks to the media during her weekly news conference on Capitol Hill, December 2, 2016 in Washington, DC. Earlier this week Pelosi won the House Democratic Leadership election, after a challenge from Rep. Tim Ryan (D-OH). (Photo by Mark Wilson/Getty Images) A non-profit agency … Continue reading Global Management: The role of understanding, negotiations and arguments in organizations
Academic Research on Accounting and Finance for Decision-making
Assignment DescriptionIndividual Case Study (1750 words, 50% of assessment weighting)For this individual case study, you are required to select the company that you worked together as a group in Assignment 1. The COVID-19 pandemic has affected the businesses and economy dramatically. The Board of Directors is currently considering to diversify its business risk and plan … Continue reading Academic Research on Accounting and Finance for Decision-making
Tips on recruiting a diverse and inclusive workforce
Photo by Pixabay on Pexels.com Diversity and inclusion are no longer “nice to haves;” they are critical to a company’s value creation. If companies are not being intentional in attracting and retaining diverse talents, they will be missing out on the potential to innovate, compete, and thrive. It is not enough to pay lip service … Continue reading Tips on recruiting a diverse and inclusive workforce
Management styles interview questions
It is important to know the type of management style that a potential employee will use. According to Gallup, companies fail to choose the right candidate for management jobs 82% of the time. According to the same study, managers have a massive impact on employee engagement, turnover, productivity and many other factors that lead to positive business … Continue reading Management styles interview questions
Max Weber’s Bureaucratic Management Theory
Bureaucratic management theory developed by Max Weber, contained two essential elements, including structuring an organization into a hierarchy and having clearly defined rules to help govern its members. Max Weber (1864-1920), a German sociologist; described a theory to operate an organization in an effective way which is known as the Bureaucratic management approach or Weberian … Continue reading Max Weber’s Bureaucratic Management Theory
What are the benefits of organizational structures?
Photo by Monstera on Pexels.com Though not all businesses use organizational structures, those that do can reap several benefits. Here are some benefits of implementing an organizational structure in your company: Faster decision-making When your company's various teams communicate more effectively, your company's overall communication will be positively impacted as well. This will then lead … Continue reading What are the benefits of organizational structures?
How to team your way through disruption
Photo by fauxels on Pexels.com The past 18 months have felt like a series of massive disruptions, one after the other, yet some companies have emerged stronger because they were able to use the disruption as an opportunity to innovate. While technology has been a key enabler of this innovation, organizational change will have long-lasting … Continue reading How to team your way through disruption
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