What does happiness really mean? All we know is that, we feel a variety of good emotions such as joy, pride, satisfaction and a sense of gratitude in life. For one person, happiness could be a big achievement while for another, it could be those small little things. For me, happiness is all those wonderful…
Category: Academic Materials
Monetary Policy and Fiscal Policy
Introduction The economy of a nation could be controlled through two means which are the monetary policy and the fiscal policy. In order to avoid an economic collapse, the need to control the economy of a nation is extremely important. Monetary policy would help companies to grow as this policy is widely used for the…
Effective Pricing Strategy
Product and service prices all around the world will dramatically increase or decrease depending on the economic status of each country and region in the next few years (The Global Business Alliance, 2021). The implementation of a right pricing strategy would have an impact on the consumer’s decision in purchasing any product or service. Therefore,…
Management Practices
Global team members all working together is extremely important while managing scope, schedule and other project management functions which could prove to be challenging also plays a vital role in ensuring team effectiveness (Payne, 2012). In a global work environment, communication is definitely a critical success factor and the right project management practices would benefit…
Economic Development in the Automotive Industry
Taking into account either capital, land or labour in the automotive industry, it is important to understand the role of each component towards economic development. In my opinion, labour is more important than land and capital as the automotive industry cannot prosper without a skilled work force. Actually, increase in production capacity is possible when…
Risk Analysis
The process of identifying and analyzing potential issues that could negatively impact key business initiatives or projects is known as risk analysis (Uwe Stegemann, 2016). This process would help companies to avoid or mitigate risks. Assessed risks could be divided into internal risks and external risks as shown in the table below. Risk analysis is…
Should Tertiary Education System be Blamed for Having More Unemployed Graduates?
Tertiary education system may sound simple and easy to be interpreted by many people. However, how many are really aware of the precise definition of tertiary education? The educational level following the completion of a school providing a secondary education is called the tertiary education and it is also known as third stage, third level,…
Managing Projects
The project management practices and guidelines help in organizing and controlling the tasks. The success of most organization depends on the application of project management through objectives and goals realization (Naylor, 2014). The potential of an organization could be maximised in addressing each element at the right level and time despite the complexity of the…
Consumer Demand Affecting Company’s Growth
Consumer demand is one of the key factors of a company’s continuous success. The relationship between both the consumer and enterprise which is based on trust, total risk, and benefit-sharing awareness, achieving competitive advantage besides creating greater performance revolves around consumer demand (Zӓpfel, 2010). According to Babakus, Yavas and Ashill (2015), two factors of measuring…
Marketing Strategy
Marketers and businesses use marketing mix as a tool to help determine products or brands offering (Philip, 2017). Companies would need extensive strategies to sell the products and marketing mix is one of them. Creating a value proposition that explains how the products meet the segmentation, targeting and positioning requirements better than the company’s competitors…
Business Management Milestones
Working within groups is the best way to overcome problems as groups are part of the organizations and thus cannot be excluded. The efficiency of production, process improvement as well as proficiency of problem solving is greater in groups instead of separate individuals (Akile & Norrain, 1998). Therefore, group effectiveness can assist in enhancing the…
Strategic Human Resource Management Value
Human Resource Management (HRM) practices model the building of skills and knowledge across the firm to enhance value as well as unique organizational skills that support competitive advantage and Strategic Human Resource Management (SHRM) as a new paradigm of Human Resource (HR) in a modern firm based on the premise that HR is the most…