Business Essays

As Kevin Turner says, what makes companies successful in the long run is their ability to adapt to change as the world around them demands. Many failed companies and infrastructures collapse when they are confronted with the reality that the must revolve around the market and the customer experience, and …

It opened in 1962 by Sam Walton, Wal-Mart has become the largest retailer in the United States, and with over 3,300 stores Wal-Mart continues to be successful. Under his successor, CEO David Glass, the small discount store chain started in Arkansas has become one of the largest corporations in the …

If given the chance, I would interview Bill Gates. I want to do this even though he is the big bad wold of the technological era. I want to do this even though he is the evil Internet baron that wants to squash the little guy. He is worth about …

As Gowthorpe (2003: P457) argued, that “A budget is a plan, expressed in financial and/or more general quantitative terms, which extends forward for a period into the future.” Budgeting actually refers to the process that, after the strategic plan of the business has been made, companies made a short term …

“What is strategy?” Johnson and Scholes said: “Strategy is the direction and scope of an organization over the long-term: which achieves advantage for the organization through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfil stakeholder expectations”. How Strategy is Managed is …

As with any company, Southwest Airlines has risks that have to deal with. For starters, co-founder and visionary leader Kelleher will soon be less involved in the firm’s operations. Mr. Kelleher is responsible for the decision making of Southwest Airlines so it is going to be interesting to say the …

Abstract Zajonc (1965) describes Drive Theory as the increase in levels of arousal in the presence of others which enhances the frequency of dominant behaviours. The aim of this experiment was to challenge Zajonc’s theory. This study encompassed ten University students and ten teachers and examined the effect of an …

Late nineteenth century industrial leaders have been called “industrial statesmen” for the great economic power they helped America become. They have also been called “robber barons” because they built their great wealth by abusing the system, abusing their employees, and destroying their competitors to satisfy their own needs. These “kings” …

David Ricardo has developed theory of Comparative Advantage. Which was later developed by Heckscher-Olin. They all argued that all countries have different factor endowments of labour, land and capital inputs. Therefore, Countries should be able to specialise in and export products that they can efficiently produce. Comparative advantage says that …

Knowing my personal strengths and weaknesses is a very important step to improving myself. It will help me to define the areas in which I need to work on most. Many people feel that working on their weaknesses will be enough, but to really improve myself, I must be prepared …