Introduction Trends refer to the flow of preferences and choice for a certain thing or styles or use (Kotler and Keller, 2006). In the recent global mobile phone industry, there have been numerous changes and development. But the most significant trends in the smartphone sector are identified as a high rate of using smartphones, concentrating […]
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Managers today must be able to manage change so that organisation can respond to the influences from external environments Introduction Business organization cannot run alone because the current world is globalized and thus one event in Asia will affect the business of Walmart in USA. Business organizations are affected by many factors and managers today
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Introduction There are a wide range of external forces that affect an organisation. Companies should be vigilant to identify and critically analyse the impact of the external forces and changes that might affect the business. In addition, organisations should also formulate plans to craft strategies to manage the situation. The External forces that affect an
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Business strategies aims at achieving the goals and vision of the business by analyzing the external and competitive environment and by comparing the findings with the external environment. Therefore, business strategy helps a business to find appropriate strategy. In this assignment, strategic planning for Kellogg’s has been presented. A wide range of strategic planning models
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Introduction The government of UK has some rules and regulations to control the human resource department of the companies. Impact of UK legal framework on HRM is significant for any company because these affect how the business operates. These legislation have significant impact on the HRM practices of any company in the UK. To make
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Introduction Line managers are those people who directly manage employees or a tem of a certain product division. Thus he regularly reports to the higher level of HR about the performance of the employees and their well-being. Below section has analysed the roles and responsibilities of line managers in HRM. To bring the discussion in
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Human resource management (HRM) is a broad concept that even includes personnel management. This discussion will provide an excellent understanding of the difference between personnel management and HRM. Before making the distinction, this is important to define the two terms. Defining personnel management and human resource management Personnel management is concerned with obtaining, utilizing, maintaining,
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There are several pros and cons of contract manufacturing for pharmaceutical companies. This article will review the benefits and drawbacks of contract manufacturing. While discussing the pros and cons of contract manufacturing, the benefits or pros are discussed below: Benefits of Contract Manufacturing Reduction of costs Reduction of the costs is the main factor for
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Introduction Pharmaceutical companies are global in nature. They often requires to outsource their manufacturing facilities to foreign countries through contract manufacturing. Using Transaction cost model, Uppsala Model, OLI model, and Core competency theory this paper will explain why pharmaceutical companies go for contract manufacturing. What is contract manufacturing? Contract manufacturing refers to making arrangements to
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Introduction to leader and leadership Leadership is a social process. It accomplishes the formation of the vision of a company or an organization, trains the team to accomplish the vision. Thus it becomes possible to lead the team to meet the vision of the organization. A leader is someone who does the job of leadership.
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The view of Adam Smith about the assertion that the rich are getting richer and the poor poorer The rich are getting richer and the poor are getting poorer. The reason is that they have the capabilities, resources, and capital to get the best from the workforce who are usually the poor. This paper summaries
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Positive discrimination or affirmative action relates to the policies that favors the members of disadvantaged groups. These clusters are thought to be discriminated in a certain culture. This fact is known in different terms around the world. But the implications are the same: to favor the disadvantaged groups so that they can avail advantages in
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