Category: Business 11471

Using the Balanced Scorecard& by Kaplan & Norton In 1996, Kaplan and Norton wrote an article about organizational functioning called Using the balanced scorecard as a strategic management system. The paper introduces a complement to the companys financial metrics in the form of balanced scorecards, which imply the addition of certain non-financial factors. Kaplan and…

SWOT Implications for USA Today Summary A SWOT analysis assesses an institutions internal strengths and vulnerabilities and external possibilities and threats. Internal assessment is used to discover the companys resources, abilities, areas of expertise, and competitiveness. The goal of a SWOT matrix is for an entity to use the understanding it has of its internal…

Operations With Short Life-Cycle Products When it comes to businesses, many might struggle with forecasting, planning, producing, and distributing short life-cycle products due to inadequate calculations, lack of information, or inefficient approaches. For example, one of the problems connected with forecasting short life-cycle products like fashion apparel or electronic devices is a lack of past…

Change and Its Elements in an Organization Concrete Experience and Reflective Observation Any progress that occurs within our department is the result of the competent work of all its employees. The mode of changes promoted to improve such factors as performance indicators, quality control, effective interaction, and other criteria are achieved through preliminary planning and…

Institutional Review Board: Main Objectives Institutional review boards, also called research ethics committees, are institutions which are created to examine cases of human participation in research and ensure their protection. The main aim of IRBs is to secure the physical and mental well-being of people participating in research (Grady, 2015). Essence The ethical examination of…

Finding the Shortest Route Summary Any business aims to optimize its processes in the most cost-efficient way possible. For organizations operating in the sphere of product manufacturing on a large scale, it is imperative to understand the way in which they can manage operations and increase efficiency and productivity (Anderson et al., 2016). Shortest route…

The Link Between Business Structure, Size, Scale, and Aim It is important to note that the business structure, size, and scale are in a direct relationship with a business aim because the leaders of companies determine their goals and strategies depending on their size and perspectives for growth. This tendency can be examined with reference…

Business Decision Model Analysis The Business Decision Model represents a framework of perceiving, organizing, and managing the logic of businesses and the intentions behind making a particular decision. In general, the logic of the model is a set of business rules that are represented as separate elements that lead to conclusions (Anderson et al. 2016).…

Differences Between Job-Order Costing and Process Costing Systems To create a viable pricing strategy, an organization has to be fully aware of the unique characteristics of the product or service that it is selling. As a result, a choice between a job-order costing framework and a process-costing system can be made. The uniqueness of a…

Incivility in the Workplace: Types, Examples Incivility in the workplace is a specific type of corporate aggression that is characterized by abusive behavior from managers, supervisors, or colleagues against employees on a permanent basis. It includes the employers or co-workers constant ridiculing and berating of colleagues or employees, ignoring their requests and needs, avoiding conversations,…