management
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Elon Musk, the billionaire founder of Tesla Inc., says a temporary limit has been made to the number of posts users can read daily on Twitter. The move seeks to tackle issues around “data and systems manipulation”, Musk, the chief technology officer (CTO) and chairman of the firm, said in a tweet on Saturday. He said verified users…
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It is necessary to have business transactions recorded for reference purposes, and at every financial transaction of a company, a paper trail is generated. In accounting, the paper trail generated is called a “source document,” and it is the first document that exists in connection to transactions. Source documents in accounting serve as evidence when auditors need…
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While we are attempting to understand and define International Marketing, it may help to go back to our basic definitions of ‘Marketing’, and the concepts that we learned in one of our introductory marketing courses. Noted Harvard Professor of Business Theodore Levitt, states that the purpose of all business is to “find and keep customers”.…
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Cultural Excellence and Employee Wellbeing are comparable to the two sides of a coin. Mental health is not just a prevalent aspect of workplace discussions. Depression, anxiety, stress, and workplace bullying are a global healthcare challenge, a scourge afflicting people everywhere who, sadly, consider the conditions a taboo that can jeopardize their reputation, professional career,…
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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…
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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 speedbump before your business takes…
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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 in depth the most used strategies…
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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…
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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 believe that, more than ever,…
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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 and future growth projections. With a…
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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 security.” Comments such as these may…
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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…
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A non-profit agency that provided essential services to its community was considering expanding its outreach program. To do so, it needed a larger facility. The organization’s CEO received permission from the board to develop the expansion concept further. The CEO and his management staff spent considerable time researching all possible pros and cons of the…
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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…
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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 and publish performative statements supporting…
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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…
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