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    those four elements (SWOT) of a project or business venture. The method of SWOT was created in the 1960s by business gurus Edmunt P.Learned, C.Roland Christensen, Kenneth Andrews and William D. This involves specifying the objective of the business venture or project. SWOT analysis is using to identify the internal and external factors that are…

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    Virtual Team Challenges

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    C.1. Challenges to Virtual Teams Project managers should first analyze the common pitfalls/barriers that their virtual team would face so as to propose solutions to overcome them. A few common examples are: • Trust issues – Unlike physical teams, project managers unable to effectively keep track/monitor group members’ work • Different time zones – severely limits the scheduling of online meetings • Language & cultural barriers – Mispronunciations and misunderstandings of terms used • Lack of…

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    Communication is a process in which symbols are used to generate and understand meaning in a particular environment. It is a continuing activity that has no beginning and no end (Chesebro, 2014). The primary function of communication is to make people understand and interpret the message accurately (Jacobson, 2009). Through communication, misunderstand can be avoided. Generally, communication can be categorized into three types: intrapersonal communication, interpersonal communication and small…

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    A single bomb detonated in the sky in 1945, instantly shattering tens and thousands of innocent lives . Below the forming mushroom clouds, deforming people screamed for one another, as the atomic bomb descended towards the cities of Japan. However, 72 years have passed by, but our world still contains thousands of dreadful weapons to threaten each other. In addition, fewer people are aware of the dark past, where so many suffered against. However, such violence caused a need for politics of…

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    SMART marketing objectives Q1. You are required to develop at least two SMART marketing objectives to facilitate the achievement of the goal. A brief explanation of each would be necessary. The basic principles of marketing are based on the SMART objetives which gives a scope to clearly define the purpose of the marketing plan. SMART objectives are defined as: Specific: this objective covers the exact purpose of the marketing plan, like what needs to be done and how it should be done. The…

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    The Bridge did not avoid the classical linear narrative where strong causality linked the past with the present and future. The Bridge’s narrative was developed through a four-line structure (A: B: C: D). Each letter corresponded to a storyline. Each one of these lines function in parallel, but they did not necessarily have the same salience for the narrative or the same duration in each episode. For example, A was the most significant, B less, and so on. Some secondary storylines, for example,…

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    Goal Approach Essay

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    There are some researchers who divide organizational performance into five approaches. 1. Goal Approach: The effectiveness of the organization in this approach is determined by the extent to which it achieves its objectives (Ahuja, 1993). This approach is used where output targets can be easily measured in organizational indicators of profitability effectiveness such as return on investment, market share and market value. There are obstacles to this approach, including practical…

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    Intercultural negotiations The link between national cultures and negotiations is essential. Indeed, whether in business or in another field, to obtain the suited result, parties of any negotiation have to take into consideration the culture of the other one. According to Hofstede (“Cultures and organizations: Software of the Mind” (2010 edition)), negotiation process can be defined as “a common need for agreement because of an expected gain from such agreement”. In other words, the two or…

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    In the modern management system, it is very difficult to make strong dichotomy between convergence and divergence. The best HRM practice will certainly universalize in the days to come. But the perspective of HRM in a particular culture may not suit in another culture. Similarly it defers from company to company because all companies do not have same motto and they are not operated in the same context (Pudelko and Harzing, 2007). Furthermore Hofstede’s country comparison portrays the cultural…

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    A strategy though not a layman term involves and evolves at every stages of decision making process. It is selection of right options available in order to succeed personal and organisations objective collectively. Strategies vary with industries and their objective which however can be copied and tailored to fit. Corporate strategy defines the markets and the businesses in which an organization chooses to operate. Competitive or business strategy defines the basis on which it will compete.…

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