Photo by Madison Inouye on Pexels.com To run more efficiently, a business may implement an organizational structure in its workplace. Depending on the size of the company and the way it operates, some structures might be more beneficial than others. Knowing how your company operates will help you perform in line with what's expected of … Continue reading What are the common types of organizational structures?
man drawing schedule of business growth The first topic in this lecture is the theory of competitive advantage (also found in lecture 2). Two theories are found about the creation of competitive advantages: market-based “outside-in” models (Porter’s five forces, found in the book) and resource-based “inside-out” models. The second one is more unique, where resources are VRIN; valuable, … Continue reading Understanding an organization’s competitiveness
Photo by Ron Lach on Pexels.com Beware of the corporate antibodies! If they are at work, you can spot them in statements such as: “We already tried that and couldn’t make it work.”“What we’re doing has worked fine for years; there is no need to change.”“We already explored that idea years ago but decided against … Continue reading What are corporate antibodies?
The global firm wins in terms of cost, timing, learning and arbitrage benefits. The local firm wins in terms of flexibility, proximity and quick response time à customer-orientated benefits. So, the firm is shaped by both the forces of globalization and localization. The theory of integration-responsiveness is one of understanding industries, where both the pressures for global … Continue reading Firms Structure and Control
There are many models of corporate governance in the world and there is no universal best choice. The choice of the best model for a company depends on not only on its goals, motivations, mission and business context but also on their economic, legal, political and social frameworks. Nevertheless, there are 2 dominant governance models. … Continue reading Corporate governance models
Photo by Aaron Kittredge on Pexels.com Are you curious about the meaning of the term "corporate governance" in business? Find all its official definitions below, as well as why it is important and what actions can you take to create an effective corporate governance strategy. Definitions of Corporate Governance in Business Simple Definition of Corporate … Continue reading What is corporate governance?
Photo by Alexander Suhorucov on Pexels.com You’ve recently taken over in a C-level position at a new company. In beginning your new role, you want to make sure you’re demonstrating who you are to your new team, as well as discussing your strategy for your new position with them. What’s more, you want to get … Continue reading How to establish credibility in your new C-level position
British Prime Minister Theresa May, German Chancellor Angela Merkel, Canada's Prime Minister Justin Trudeau, France's President Emmanuel Macron and Japanese Prime Minister Shinzo Abe wait for U.S. President Donald Trump to join them for a family photo at the G7 Summit in Charlevoix, Quebec, Canada, June 8. REUTERS/Leah Millis Businesses often set ambitious goals but … Continue reading What is Strategic Leadership?
Photo by Nicola Barts on Pexels.com For most people that are employed, they will spend a considerable amount of time in an office. It is certainly not everyone’s dream to be cooped up in a building all day, in a cubicle of your own with hundreds of other people in close proximity; but for many, … Continue reading Office essentials you shouldn’t ignore
How SPORTS DIRECT can achieve competitive advantage by improving employees' working condition EXECUTIVE SUMMARY On behalf of the Board of Directors at Sports Direct, a London-based sportswear merchandizing outfit, this report was prepared by Irobiko Chimezie Kingsley to verify details of an alleged poor treatment of employees. This study aims at conductive an objective evaluation … Continue reading Strategic management in organizations
When searching for jobs or planning your career future, you may start to notice similarities between language used to describe positions. For instance, there are situations when people use directors and managers interchangeably. While the two terms are similar, a director is a more senior, less hands-on role that develops strategy, solves bigger-picture issues, and … Continue reading What’s the difference between a Director and a VP?
Regardless of the purpose of your effort, identifying stakeholders and their interests should be among the first, if not the very first, of the items on your agenda. It’s generally the fairest course you can take, and the one that is most likely to keep your effort out of trouble. Photo by Tiger Lily on Pexels.com … Continue reading When and how should organizations identify their stakeholders and interests?
Stakeholders are those who may be affected by or have an effect on an effort. They may also include people who have a strong interest in the effort for academic, philosophical, or political reasons, even though they and their families, friends, and associates are not directly affected by it. Photo by Rebrand Cities on Pexels.com … Continue reading What do we mean by stakeholders and their interests?
The sectors of a community are its basic component parts. Just about anything that exists has such components. Living beings have organs and cells; nations have towns and cities; galaxies have stars. In a community, the basic component parts are often called sectors. Think of sectors as pieces of the pie. Here's one way to … Continue reading How to build a comprehensive contact list
In today’s business world, visibility is everything. Just like food and water replenishes our body, so the online presence in today’s competitive world. Listings on Google My Business permit your business information to appear before the first search result when potential customers are searching for your services. Google My Business (GMB) is a free tool … Continue reading How organizations can maximize Google for business growth
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