“Why does business exist? “ is a question that people may easily miss‚ because business has been so engaged in social life. However‚ it is still an issue that needs everyone‚ especially business people to deeply explore. From my point of view‚ business organizations exist in order to meet the needs of our daily life. Business organizations have been everywhere in our lives. When people need food‚ they go to supermarkets to choose what they would like to eat. This is the business activity between
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”Organisations that fail to plan are planning to fail”. Critically discuss this statement. The quotation “he who fails to plan is planning to fail” was originally stated by Winston Churchill‚ a politician and former Prime Minister of the United Kingdom‚ during the World War II. The Oxford dictionary generally defines plan as “a detailed proposal for doing or achieving something”. In term of management‚ planning set out an organisation’s objectives and how those objectives could be
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First reason to the failure of the Schlieffen Plan was the inability to push the French southwards after they invaded around and around Paris. They were not able to do it based on their troops. They had many troops but their replacements for the casualties and deaths of their main forces were the problem. The replacements troops were not properly trained. They were weaker and slower than their main forces. Also to
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Small Business Owners Did you know that 65 percent of Americans are small business owners? The average income of these small business owners is over $400‚000. According to statistics‚ there are at least 25 million small business owners in the United States. Only 20 million out of the 25 million have fewer than 50 employees and approximately 17 million small businesses have only one or two employees‚ including the owner. Owners can have any type of education to start their own business.
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pertain to the small business which effects to the economic well – being of the nation. The local government in embarking its thrust on several programs to address the problems and the Department of Trade and Industry as one of the lead agencies in dealing with the challenges and factors affecting small businesses in General Santos City‚ thus the development on how to manage properly the growing enterprise would lead to the development on a new level of management practices. Small businesses contribute
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Why do we want to do business in China? The answer is simple. We are still in a recession‚ and our unemployment rate is high. We have to explore alterative market to make money. What makes China an attractive market? China is attractive because there is big money to be made. [pic] Figure 1 Comparing Population of US and China in Millions China is the second largest economy in the world (Barboza‚ 2010) with 1.3 billion in population. That is more than four times the
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CIBA vision is a leading manufacturer of contact lenses. They are recently confronting organisational restructuring and launching new R&D initiative to develop products to prevent threat from J&J in the low-cost running business model. However‚ the project was not successful due to several reasons. In this report‚ the factors that caused the project failure will be discussed and analysed. 1. Poor administrative management CIBA vision generally could not manage effectively with several projects
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Strategic planning determines where an organization is going over the next year or more‚ how it ’s going to get there and how it ’ll know if it got there or not. The focus of a strategic plan is usually on the entire organization‚ while the focus of a business plan is usually on a particular product‚ service or program. There are a variety of perspectives‚ models and approaches used in strategic planning. The way that a strategic plan is developed depends on the nature of the organization ’s leadership
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The authors further argue that not every nation benefited from the industrial revolution of the1688 for different reasons. Acemoglu et al (2012)‚ argue‚ some groups have intentionally kept their people in poverty to ensure that their grip on power remains unshaken‚ i.e.‚ improving the lives of others might mean distributing their political power‚ or even losing their political and economic privileges that absolutism grants them. Examples of these case include the Communist Party of North Korea‚ and
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the titanic flooding its first 6 watertight compartments. The ship was only designed to take only take in 4 flooded compartments. This caused the steamship to sink rapidly. This caused the pressure‚ which caused the Titanic to break in two. In conclusion‚ the sinking of the RMS Titanic was a cause and effect scenario. It caused the deaths of many people‚ but brought some new technology. This new technology would keep less people from
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