YEAR 1 Question: Explain the marketing concept and its importance to an organization making particular reference to developing relationships with customers. Use an organization familiar to you for illustration. The Marketing concept is concerned with first identifying the consumer needs and then making products that give maximum customer satisfaction. According to Jobber David (Principles and Practice of Marketing‚ 2010) in order to achieve organizational goals it all depends on determining the
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Organizational culture is the collective behavior of humans who are part of an organization and the meanings that the people attach to their actions. Culture includes the organization values‚ visions‚ norms‚ working language‚ systems‚ symbols‚ beliefs and habits. “Organizational culture refers to the pattern of beliefs‚ values and learned ways of coping with experience that have developed during the course of an organization’s history‚ and which tend to be manifested in its material arrangements
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or subunits in an organization. This article will examine how silo virus forms and what implications silo thinking has for an organization. In addition‚ this article will specifically concentrate on the approaches that managers need to have to reduce the negative impact of silo thinking on an organization. ’Silo virus’ describes the shortage of communication and common views across units that currently exist in the business or organizational communities(Schutz & Bloch‚ 2006‚ p. 32). Its name
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Causes of Organizational Change This is a time of unprecedented change in our society. The changes one experiences are happening at faster and faster rates. As examples‚ the telephone‚ radio‚ TV‚ and microwave weren’t even in use decades ago‚ and today these gadgets are commonplace‚ along with the computer‚ Internet‚ and fax machine. In just a few months‚ the technology that an organization uses on an everyday basis may be outdated and replaced. That means an organization needs to be responsive to
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Essay 1 Lumley and Armstrong discuss how the origins of sustainability concepts where theorized prior to and during the 19th century‚ and that the idea evolved through a combination of factors linked together (politics‚ economics‚ environmental and social policy). Thus making the concepts of sustainability not a ‘new beginning’ in human thought. Over the time of history human thought has changed depending on the environmental influences we as a species have had to encounter causing the changes
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Organizational Impact Paper Both manufacturing and the service industry drive today’s economy‚ not only domestically but globally. Innovation‚ design‚ and creativity are essential to each organizational type. A company must find its niche and create a name for itself that differentiates itself from all others within its branding. By having the creativity to take another company to the next level all three aspects must be balanced. The restaurant industry is very complex and offers a great variety
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Romanian Economic and Business Review – Vol. 5‚ No. 3 89 MANAGERIAL INVESTMENT ON ORGANIZATIONAL STRESS Iulian Mituţ Abstract In a society affected by the economic and financial crisis and in the increasingly competitive environment it is important for any organization to adopt an organizational strategy to reduce costs without affecting its performance and market competitiveness. Human resources in a knowledgebased organization are increasingly affected by occupational stress‚ a phenomenon that
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Organizational structures developed from the ancient times of hunters and collectors in tribal organizations through highly royal and clerical power structures to industrial structures and today’s post-industrial structures. [edit] Organizational structure types [edit] Pre-bureaucratic structures Pre-bureaucratic (entrepreneurial) structures lack standardization of tasks. This structure is most common in smaller organizations and is best used to solve simple tasks. The structure is totally centralized
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“Nowadays the concept of culture in anthropology and sociology is regarded as a fundamental element in the humanities.” (Chase‚ 1948: 59; cited in Encyclopaedia Britannica‚ 2007: The culture concept in anthropology) Today culture is one of the most discussed concepts all around the world. It has a crucial role in human relations. Its understanding is the kernel of the new multiculturalism policy of different countries around the globe. And in this understanding the social sciences has a
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Introduction Emirates Islamic Bank is based on Islamic legal perception (Shari’a) established in a form of modern banking based on Islamic legal concepts (Shari’a) that was developed in the first centuries of Islam and it uses risk sharing and eliminating financing based on fixed returns. They believe in sharing profits and the risks in the business instead of being the creditors. Here the bank and the borrower share the risks and rewards of financing business ventures. Looking at Emirates Islamic
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