Business class

Two of the competitive dynamics models that businesses use to grow their company are DYB (Destroy Your Business) strategy and the GYB (Grow Your Business) strategy both strategies has advantages and disadvantages, but both have the same goal, purpose and end state; and that is to grow and improve the business. The Destroy Your Business (DYB) strategy forces a company to internally examine the organization and the products and services it provides. The company will assess and evaluate the…

Our goals assist us in fulfilling our personal purpose. My goals include losing weight, getting my bachelor's degree in business and acquire a high paying job in this field. Achieving these goals will help me attain my purpose. My personal purpose is to live a happy life, be financially successful, and be the best I can be in every aspect of my life. Whether it be my health, relationships, or my career. I have many personal goals. These goals include losing weight, learning how to drive,…

Change is sometimes a difficult question to discuss as we cannot always predict the outcomes of our actions and any new methods that we try to endorse can be altered by an unforeseen factor. However, as the world is becoming more and more interconnected and innovative technologies are bringing new challenges and resources into the economy, thus it has become apparent that both people and businesses have to change and adapt in order to survive in this new environment. In Klaus Schwab’s The Fourth…

It can be difficult to apply the motivational theory for some companies. There were multiple theories that businesses applied to cope with their workers to improve their motivation at work. One theory that managers have used was the expectancy theory. Expectancy theory is broken up into three stages expectancy, instrumentality, and valance (Expectancy Theory of Motivation). When using the expectancy stage, the perception of the workers by showing efforts will enable them to attain their…

What is Competitive Advantage? Competitive advantage is the condition that can allow a company or business to outperform its competitors in the market (Huang & Lee, 2012). Companies look to gain competitive advantage with an aim to acquire a larger market share and thus remain superior to all competitors. Once a company can have the conditions necessary, it becomes easier to generate sales and maintain an edge over its competitors. How do Firms build Competitive Advantage? Companies gain…

Why the Ability to Fail Leads to Innovation Do you think that failure leads to success? That’s what Karen Higginbottom tackles as she directs the audience attention towards the stigma around failure. The article “Why the Ability to Fail Leads to Innovation” was written by the author Karen Higginbottom at 3rd of August, 2017, published in Forbes.com. the author attempts to deliver the idea that failure is indeed the way to success, supporting her claim by stating that “success is 99% failure”, as…

Me A Cake Introduction On January 14, 2011, Amy Bourgon, sole proprietor of BMAC initiated the idea of expanding her home business and looked towards making changes to her company’s strategy. Throughout the last three years, BMAC has grown and concerned at the fact that growth might halt due to her work environment, she is now wondering whether it is time to expand her business in to a bigger location. This case will analyze the industry Bourgon is working in and try and predict how revenues…

All-Inclusive Resorts All-Inclusive Resorts are the best business model in the business world. This business is related with the people, earth, and economy, so it must be performed by considering these three vital options. But some time All-inclusive Resorts don’t balance these three-vital options but think only about the economy. This is the truth behind this successful business model. As a result, All-inclusive Resorts are harming three different areas very disruptively: first, the environment…

The Perspective of a Photographer In the documentary, “The Salt of the Earth,” Juliano Salgado gives the audience a look into the life and career of his father, Sebastiao Salgado, a successful photographer. Sebastiao Salgado began his career as an economist who traveled to countries bordering Brazil. While traveling, he studied different societies and the nature that provided the basic needs for these societies. He would take photographs of the people and their ecosystem to give insight into…

Change Management Change can be defined as the development of new approaches to improve the way in which you do business. Change is the most important factor in successful business management today. Without change it is challenging for a company to progress and continue to see success each year (Ceptureanu, 2016). Change is needed to improve processes and to keep up with competitors and to stay in tune with what is trending now. Change is essential in organizations that aspire to prosper in an…