Ans1: A model of consumer buying decision process involves the following 5 steps:- 1. Need Recognition:-The buyer recognizes his social needs and this need is triggered by external stimuli .This need comes for the social recognition as Porsche targeted to a very narrow segment of financially successful people. 2. Information search: - In this step, consumer search information about the product that satisfies his need. And the only products that satisfy a need of consumer is a luxury car which…
Practicus is focused on serving the comprehensive needs of business in the full range of the business cycle. With a core staff of experienced professional and a team approach to mist consulting projects, Practicus will be able to offer a more balanced quality service than many of its competitors. Practicus helps business change. From FTSE-listed financial institutions to leading public sector bodies, Practicus understand what change our clients want to achieve, and why. And as a team Practicus…
Introduction: In this paper, I will discuss my best-self portrait which indicates my strengths/weaknesses and translate into proactive steps for my future life based on the Reflected Best Self ExerciseTM (RBSETM). At first, I requested twenty potential respondents to share stories of when I was at my best, and collected twenty-five stories from seventeen respondents. Then, I created my reflected best-self portrait by analyzing shared stories. Following that, I listed enablers and blockers and…
Capacity Planning can be subject to change at any time. More than being a major concept of operations management, it is a key component in location and company convenience. The direct relation to operations management is quite direct. In order to determine how much space is needed is to be determined by operations management. The facility location needs to be in a highly beneficial demographical location. This could mean a Ford plant be located in a state or country where cars in highest in…
Ethics often refers to a set of values, principles or standards adhered to within an organisation or by individuals. Ethics can be classified under various categories such as: work ethics, religious ethics, business ethics, etc. These standards usually govern the way in which people are expected to conduct themselves and at times provides steps to be followed when certain tasks must be carried out. 2. Discussion It is also essential to have work ethics specifically defined for the engineering…
brought forward would best suit the current needs of FTIAS, the best decision making technique that would apply is the decisions matrix. The decision matrix, which is a simple form of multiple criteria decision analysis, was the best technique to use to evaluate which proposal was to be implemented because financial estimates were difficult to achieve due to issues which are not tied to monetary values. Whilst performing the decision matrix technique shown in Appendix 4, although there are…
starting a company many things must be considered. Among those is the legal entity you want your company to be. There are several legal entities, each with their own advantages and disadvantages. These will be looked at in order to come to a nal decision about what legal entity Innity Engineering will be. 2 Sole Proprietorship According to the online Entrepreneur Encyclopaedia, a sole proprietorship, by denition, is a business that legally has no separate existence from its owner.[1] All…
1. Are leadership and management different from one to another? If so, how? Leadership means the ability of an individual to influence, motivate and enable others to contribute toward the effectiveness and success of the organizational of which they are members. Its directs the organization in a way that make it more coercive and coherent. While management means comprises directing and controlling a group of one or more people or entities for the purpose of coordinating and harmonizing…
Refer to Table 1, the CFA results showed that the proposed model of five-factor of the Employee Trust Scale revealed that the majority of comparative fit indexes failed to reach the recommended standards for model fit [14, 15]. Standardized estimates for the measurement model for Employee Trust Scale showed a CFI of .723, a TLI of .867, a GFI of .874, and a RMSEA estimate of .074, and CMIN/DF of 3.804 (refer Table 1). The results suggested that the five-factor model of Employee Trust Scale did…
It takes a lot of confidence to be a pioneer and push the limits. Sometimes, the outcome is poor. Although, sometimes the outcome is great and makes the struggle worth it. The novel “Antigone” by Sophocles features a character, Antigone herself, who is bold and will do whatever it takes to get justice. Similar to this, “Fahrenheit 451” presents a character who is also willing to make sacrifices to get justice, not just for one person but for a whole society. In the novels “Antigone” and…