The Globalization Process

Globalization is the process albeit a gradual one, the takes place in daily life. The process is marked by diffusion of ideas and commodities. The life and everything else is becoming standardized around the world. There are a host of factors that have contributed this process. These factors include the increased sophistication of transport and communication technologies as well as transport and communication services provided around the world. Also as a feature of this process there is increased migration of people from one place to another people change their country of origin frequently due ...

The Marketing in Business

Marketing is a terminology used in business and it involves a wide range of activities aimed at ensuring that the needs of the customers are persistently satisfied and a profit gained in return. It encompasses activities such as advertising, and Promotion as the most obvious undertakings when it comes to marketing (Hovard, 2001). It is the “process” through which business corporations establish assessment for customers with an aim of building a strong business - customer correlations so that the greatest profit can be realized. It`s (Marketing) utilized in identifying the needs of the clients ...

Leadership in Private and Public Sectors

It has already become a widely rejected misconception that leaders are those whose singular job is to achieve results. While partially such statement might hold true, in most cases leaders perform a number of complementary no less important tasks, such as creating a mission, setting a strategy and justifying the steps towards the aspired result. The most obvious leaders both in public and private sectors demonstrate their skills on the example of the most delicate matters and burning issues of their fields. The phenomenon of outsourcing belongs to the list of such issues in the United States a ...

Risk Assessment on Oil Rigs

The main principle in the Offshore Safety Act is that safety and health risks for people that work on an offshore installation are to be assessed, minimised, and identified as far as it reasonably practical. Working on an oil rig is the most dangerous and difficult sphere; its working conditions contain a great range of risks and unexpected consequences. Luckily, many companies and the whole offshore industry are greatly concerned about this matter and much attention is paid to the risk assessment and management. Drilling rig belongs to the large range of equipment for drilling wells. The c ...

Supply Chain Management

The competitive advantage of any company depends not on how wide the company is, but on how effective and efficient its supply chain is designed and developed. Most companies dealing on Logistics business have come to focus on modern technologies in their supply chains. Some of these technologies include the Radio Frequency Identification (RFID) that has the ability to revolutionize the whole procurement processes, thereby eliminating inefficiencies that face the supply chain management. Some companies including DHL have adopted business outsourcing services from external partners to help redu ...

Strategic Management Process

Strategic management refers to the process by which organizations analyze, make decisions and take appropriate courses of action in order to create and sustain competitive advantage over their competitors and to achieve better performance. In my opinion, strategic management is the systematic analysis of external environmental factors such as political instability, level of competition in the industry and government regulations, and internal environmental factors such as high competence of workers and accessibility to resources that are likely to affect the operations and performance of an org ...

The Financial Analysis

Analysis refers to an evaluation of the company’s viability, stability and its future consequences. Financial analysis is the best tool to predict the future. Usually companies hire experts to predict the future of the entity. Mainly the experts emphasize on the past trends, ratio analysis and future consequences. To earn profits and facilitate the shareholders of the organization is one of the main prospective of the firms. From a shareholders’ point of view predicting the future of the organization which directly relates with their dividends, is what financial analysis is all about, but ther ...

The Leadership in Quality

Every leader cannot be the same. Everybody has different character and style, but a good one should have proper characteristics. The effective leadership is a special tool which draws the ability to behave like a leader. It means that every leader has to possess special qualities. To the author’s mind, a good leader brings out the best in his or her team. Therefore, the leadership traits are divided into 3 groups: people skills, behavior and attitude. The first leadership trait is positive attitude which properly consists of goal direction, self-motivation, insight and judgment, competence and ...

Self Exploration in Career Path

Self discovery and exploration is a significant process in determining a career path. Effective utilization of career assessment programs result to confident and reliable choices that adhere to ones dreams, motivation and passion in life. Psychologists have created career assessment tools that trigger career development that are important and enlightening. The purpose of the assessment test is to measure unique individual results in order to appropriately match them to rewarding careers that others with the same personalities have found beneficial and satisfying. Significant insight is achieve ...

Teamwork

This reflection paper is based on a project management position I held that exposed me to challenges of managing teams. The position taught me invaluable lessons that I will use in my new role as a manager for a domiciliary agency. Description One of my initial tasks was to interview 24 applicants and then form four teams of six in preparation for the job training. After conducting the interviews, I had a general idea of how each team should be composed to achieve balance and the right mix of personalities. On the day of induction, I passed out a personality test that further helped in alloc ...