Business continuity planning

Nike is one of many businesses that utilizes globalization to thrive in the free market. The business is not contained or restrained by any specific geographical, ethnic, religious or market areas but it covers the entire globe to sell, hire and manufacture their products. It soon becomes obvious that one of the ways in which a business such as Nike can reap benefit of its reach and size is by taking advantage in differences between various regions around the world. The story of Nike is a…

which a company can grow. Give examples to illustrate the two ways of growing Companies are in business to render products and services to the populace with the aim of making profit to its shareholders. In this competitive business environment, businesses are constantly looking for ways of expanding beyond their immediate environment. Businesses or companies that are stable and doing well in business may seek to explore other areas that will expand their customer base and rake in profits for…

specific things that are not simple to discover. For purchasing these specific things you have to chase out a trustworthy and open supplier. While paying special mind to your vessel's supplies, you require a particular supplier who has been long in the business, to have information about all the marine items you may require. Pay special mind to a supplier who offers a wide assortment of marine types of gear, hardware and extras with the goal that you have better choices to browse. For instance:…

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…