Business Essays

Introduction LEGO is seen as an extraordinary company not only in the eyes of parents who proudly watch their children build castles and town halls, but also in the eyes of high-minded academicians. Playing with LEGO sets is widely believed to develop motor skills and creativity in children, considered essential …

The U.S. government created The Securities and Exchange Commission in 1934 in order to monitor the U.S. financial markets. This commission continues to create legislation which is tightening reporting standards today. The Sarbanes-Oxley Act of 2002 is a great example of what happens after the legislation that is being created …

Leaders have long had the ability to galvanize populations either in support of terrible atrocities or in opposition to them. From Adolf Hitler, who produced a mass of support in Germany in the 1930s, to Martin Luther King, Jr., who rallied support for racial and economic justice in the American …

1. Marketing concept states that success is achieved by indentifying needs and wants of the target market by satisfying them batter than rivals and competitors. Its three characteristics are the following. Customer satisfaction: The firm should identify and define customer needs and wants as well as their expectations of all …

A range of two leadership styles are depicted in William Golding’s novel, Lord of the Flies, with Ralph representing a democratic leader, while Jack exemplifies a dictator. While on the island, the boys have a choice of following either Ralph, the more sensitive leader who cares about the others, or …

As I sat down several weeks ago to begin writing this case study, I struggled with how I wanted to lay the paper out, however, when I opened Lee Scott’s 21st century leadership speech that was part of the required reading, the following quote struck me as the essence of …

Agency theory, tournament theory and social comparison theory are the 3 alternative theories that explain the principles and processes for setting executive compensation. Different individuals and groups participate in setting executive compensation. They include compensation consultants, compensation committees, and boards of directors; each play a different role in setting executive …

Wesfarmers is a highly reputable entity listed on the Australian Stock Exchange, with approximately 200,000 staff and 500,000 shareholders (Knight, 2014). The entity that started as a small Western Australian farmer co-operative has now diversified into sectors such as retail, resources and insurance and now earn revenue of over $50 …

Life is about constant change and that change comes from different influences. Individuals have become obsessed with trying to predict the future of the workplace. By the time we’ve figured out what the next big or best thing is something else comes along and knocks its predecessor off of its …

Glenn Northcott is a purchasing planner in Rondot Automotive. Their Jackson, Mississippi plant manufactures an average of 7million small motors which they distribute to their OEM customers. Their purchasing organization which has a hybrid structure is comprised of two groups—strategic purchasing (dotted-line reporting to purchasing manager) and plant purchasing department …