Business

Challenges in Integrating Environmental Issues Into Operations Management

Introduction Background and Context In the 21st century, it is expected that enterprises focus significantly on developing environment-friendly approaches to organising all the business processes and procedures (Gustafsson, Hermelin & Smas 2019; Reid & Sanders 2019). The idea of achieving sustainability in various modern organisations causes leaders to pay special...

Corporate Social Responsibility

In all business environments, the agenda of competition is the most significant. A business has to present competitive strategies concerning the market it shares with other similar entities. Even if a business enjoys monopoly power, it has to keep devising ways of streamlining its efforts towards its goals. Business goals...

Contribution Margin Operating Income Statements: The Case of Hershey Company

Introduction Contribution margin operating income statement is a financial statement that is used in the budgetary control of costs. Management accountants are interested in distinguishing the proportion of the income that is generated by a single unit of production. There are many ways of classifying costs in cost accounting. Costs...

Balance Sheets as the Statement of Financial Position

Balance Sheet Also known as the statement of financial position, the purpose of Balance Sheet is to help the investors or other interested groups in understanding the financial position of the company. It is an expression of all the assets that the company owns, all the liabilities of the company...

Risk Management in a Crisis

Risk can be defined as the uncertainty about the future occurrences (Bénéplanc and Rochet 5). Risk management therefore may be defined as the process of identifying, measuring, prioritizing and setting up ways of minimizing the risks in an organization (Bénéplanc and Rochet 6). Risk management is a major goal in...

Management Accounting & the Importance of Costing

Introduction Management accounting is one of accounting branches which provides accounting information to the management in order to make decisions. It is therefore, important to ensure that the information that is disseminated through management accounting is relevant and reliable by the management in order for right decisions to be taken...

SWOT Analysis of the Nokia Company

Strength Nokia is the largest producer of cell phones and has the advantage of having the largest distribution network in the world. The nokia mobile phones have a reputation for durability, reliability, and innovative designs that captivate the customers. These have given the company’s products an edge in the cell...

Aspects of Pricing Strategy

The art of field management has a critical and unexceptional strategy of regulating the outcomes of any profit making organization. Apparently, the strategies of pricing were a fundamental aspect in this research. Running a hotel relies significantly on the income that arises after delivering a service and renting rooms. According...

The Role of Organizational Communication on Organizational Growth

Introduction Communication stimulates productivity. It is a means of sending and receiving messages in an organization. Organizational communication can affect the growth of an organization thus; it is the key to success in the organization. Organizational communication is a link by which messages are sent by the sender to the...

Tailoring of Marketing Plans Analysis

Firms develop marketing strategies to help them achieve a competitive advantage. In today’s business environment, market segmentation has gained a lot of acceptance as a marketing tool. The proponents of market segmentation argue that, for firms to attain competitive advantage and improve their financial performance in terms of profitability, they...

Just for Feet Inc: Financial Risk Analysis

Common-Size Balance Sheet for period ended January 31, 1996-1998 Just for Feet Inc Common size balance sheet For the period ending January 31st 1996 1997 1998 Current Assets Cash equivalents 36.93% 18.40% 1.80% Marketable Securities AFS 9.04% 0.00% 0.00% Inventory 35.74% 46.97% 58.01% Accounts receivables 1.74% 3.53% 2.74% Other Current...

A Good Employee Relations as the Backdrop of Success in an Organization

Introduction Employees in an organization are the most important assets in ensuring that an organization achieves its objectives. Therefore, any organization that has employees with relevant skills and knowledge is deemed to perform better in terms of attaining its objectives (Wang, Chi & Chiu-Mei, 2012, p. 109). One aspect that...

An Evaluation of an Electro-Mechanical Assembly Manufacturing Process

Introduction A histogram is a bar graph that displays the frequency of a set of categorized data (Thomas, 2001). A histogram can be used as a quality control tool by observing the distribution of outcome of processes against pre-set benchmarks (Juran, 1988). The visual display imposed by histograms presents one...

American National Insurance Company: Review

Introduction American National Insurance Company is a company with a long history of service in the U.S insurance sector. The company was established in 1905 and since then, it has made significant progress in terms of revolutionizing the insurance industry as well as increasing health insurance cover to the people....

The Types of Cost Accounting: Review

Manufacturing cost element responsible for the fluctuating costs The manufacturing cost element which is responsible for the fluctuating costs in the production of TC-1 is the manufacturing overhead. This is because manufacturing overhead is an indirect cost which remains fixed regardless of the number of batches of TC-1 produced. Thus,...

Marsh & McLennan Companies Analysis

Today Marsh & McLennan Companies, Inc. (MMC) can be considered as one of the world’s largest insurance agency and professional services firms. The researchers agree that its success depends on the effective practices in corporate governance. The main principles of the corporate governance are separation, independence, and control. Thus, the...

The Moderation Effect of Service Quality on Employee Commitment

Summary The main aim of my research is to analyze the moderation effect of service quality on relationship between employee commitment and job attitude of performance for elderly on tourism industry. My research study attempts to explain the various theories related to employee commitment and job attitude. With this regard,...

The Importance of Management Discussion and Analysis

Management discussion and analysis is part of the structure of a company’s annual report. This section of the annual report enables the management of a company to discuss various aspects of the business. These aspects normally include the past and the present issues that affect the company. Through past years’...