company more versatility and make us more nimble so we can take advantage of new…
| Creates a more uniform organization. More efficient operations and customer-driven business processes. Firmwide information for imporved decision making.…
Synergistic benefits can arise from a number of different sources, including operating economies of scale, financial economies, and increased managerial efficiency.…
Diversification works best when returns are negatively correlated. If one investment does bad the second investment will make up for the loss and it works because stocks do not move exactly together.…
Implementing a core and peripheral strategy is one way to make the workforce more flexible. This is because it allows them to gain a core of skilled workers which are all kept on permanent full time contracts which keeps them motivated and secure within the company so they stay which is beneficial as it means lower levels of having to train to high levels. The peripheral aspect of the strategy allows them to hire when necessary whether its unskilled staff to account for increased demand or highly skilled staff for specialist problems. This is beneficial as it means they don’t have to employ all their staff permanently whilst still allowing them to respond to the flucations in demand for cheap holidays.…
Unfreezing of traditional ways and managing diversity: more acknowledgment of different dimensions of diversity, new legislation, a movement to value differences, growing opportunities to serve new global and domestic markets, and an awareness that diversity if valued and managed well can produce more motivated employees and a competitive advantage to the bottom line, that is the business case for diversity. Ex. changing the laws, rules, training, and demographic…
Time is a valuable necessity that is not meant to be wasted for we do not have the power to extend or shorten it. As such, the issue of time management has appeared to be a problem for many people in the United States and other parts of the world. In the twentieth century, the United States adopted a new schedule for managing time also known as daylight savings. This new system would put clocks back an hour in the fall and forward an hour in the spring. At the beginning, the United States believed that this new system would help economize energy usage and better organize the amount of light the country received according to the time of year. Unfortunately, the United States later found out that their expectation did not quite assimilate into society the way they expected for. The introduction of daylight savings has become an inconvenience and even as a hazard to the lives of many.…
1. What are the pros and cons of moving from individual brands to a corporate brand?…
The University of Tennessee-Chattanooga is part of the University of Tennessee system, which is a statewide institution governed by a twenty-four member Board of Trustees appointed by the governor of Tennessee. The University of Tennessee-Knoxville is run by the same system, making both schools the same but in different locations. Although UTC and UTK are in the same system, there are many reasons as to why UTC is the better school to attend.…
Conserving energy is definitely crucial in improving a nation’s economy, environment and society. Throughout the years, scientists and other experts developed various ways on how to save electricity. Daylight saving time, which was initiated by Benjamin Franklin in 1784, is one method in which individuals can properly maintain the environment. Due to its massive significance to mankind’s society and surroundings, the daylight savings time should be continuously regulated for its outstanding benefits such as crime reduction, energy conservation and traffic safety.…
A study conducted by Harnessing Workforce Diversity to Raise Bottom Line, which involves 500 companies between the USA and Europe stated the following benefits as a result of diversity:…
United Technologies demands very high standards from suppliers. The company surveys suppliers annually and stresses the importance of efficiency. In addition, they have a very low tolerance for inefficiency. United Technologies has created a program titled “Supplier Gold.” The “Gold” standard is given to suppliers who accomplish stringent efficiency standards. Benefits include recognition and considerable benefits. Suppliers for the company are also required to adhere to strict environmental regulations.…
How will it help the company if it has to adjust its strategy in the future?…
These are exciting and challenging times at Otis Elevator Company. We are currently the largest manufacturer, installer, and servicer of elevators, escalators, and moving walkways in the world.[1] Just two years ago we completed the second largest acquisition in company history by adding Amtech Elevator Services. This acquisition has proven to be a key strategic maneuver as we have eliminated an industry rival while increasing the company’s revenue, operating profit, operating profit margin, and customer base.…
Diversification strategy proved very beneficial for development of internationally transferable FSAs which enabled TATA to change its approach from centralized exporter to international coordinator.…