Get answers from academic experts to any study-related questions.
According to Cyert and March, fundamental structure analyzes the process of decision making in terms of the variables that influence the decision-making process, the goals of an organization, the expectations of the organization, and the choice of the organization. In the case of Siemens, several variables influenced the decision-making process...
GM hopes to reduce the price gap with private label manufacturers, regain some of the market shares and increase their profits. The risk associated with these actions is that the competitors can follow the lead and reduce their prices as well. GM’s competitors can either lower their prices or preserve...
The high profitability of the soft drink industry is as a result of combined factors of top products’ demand and regional market monopolies. There are limited soft drink operators in the market, while the products themselves are complements of other foods and beverages. Low competitions and high market demands lead...
Historically, the ready-to-eat (RTE) cereal breakfast industry was characterized by relative stability and substantial profitability. The RTE market was dominated by the Big Three, such as Kellogg, General Mills, and Philip Morris, which created significant barriers for the entry of new brands. The main reasons leading to the current industry...
Some managers in the General Electric Company are opposing the efforts of Jeffrey Immelt to reduce carbon dioxide emissions because they do not believe that the emissions cause global warming. Since Jeffrey Immelt thinks that carbon dioxide emissions cause global warming, he has vowed to transform the company into a...
Autocratic leadership style Advantages Autocratic style of leadership is very effective in times of emergency or stress since people will always work from orders or commands of their leaders. Such times require a leader with the ability to give instructions or guide and direct to those under his or her...
Some devices used for temporary work zone situations include cones, orange and black work zone signs, flags, drums, arrow panels, and pavement markings. Explanation: These different devices are used as safety measures; they are designed to alert people about possible danger and prevent unfortunate health effects. For example, if the...
The correct answer is a) a portfolio of with a high percentage of stocks. Explanation: In today’s financial marketplace, a solid portfolio is essential to any investor’s success. There are many strategies that you can adopt when building a portfolio as a young investor. Overall, it is recommended to have...
Some devices that are used for temporary work zone situations are cones, barricades, drums, arrow panels, flags, pavement markings, and orange and black work zone signs. Explanation: The main purpose of these devices is to warn drivers and pedestrians of danger and make them pay attention to the road. Some...
A cutting board must be set aside and shown to a manager when it is used for cutting products that can cause cross-contamination. Explanation: For example, if an employee handled raw meat and then sliced some fruits without washing the board, it is possible to transfer pathogenic bacteria from one...
The NIMS managers start planning and preparing for the demobilization process when it is clear that the situation requires a collaborative approach that includes personnel from several organizations. Explanation: NIMS, or the National Incident Management System, is a special structure for managing multi-jurisdictional or large-scale incidents. It works and is...
Cross-docking and inventory management are the elements of logistics. Cross-docking means that little or no time is spent on the storage of materials being supplied from the manufacturer to the buyer. Inventory management is the systematic approach to ordering, storing, and using a company’s inventory. As a system, logistics also...
Group cohesiveness is the principal by-product of the norming stage of team development. It is highly significant as social interaction between group members and the similarities of their interests and natures form strong interpersonal bonds that help to achieve corporate goals. Explanation: Group cohesiveness, or team cohesiveness, may be defined...
Data lifecycle management goals are to implement an approach based on policy in order to manage the flow of data and information. It is tightly interlinked with information lifecycle management techniques to ensure that all data pass through a specific set of stages. Three main goals of lifecycle management of...
The task that includes activating local resource requirements is the task of order and acquiring, the second step of the resource management during incidents. Explanation: Resource management is an effective process of planning and allocating the resources in order to maximize their efficiency when it is needed. For instance, there...
Business needs to prove the appropriate level of customer service that will satisfy customers’ needs, increase the number of loyal customers, and business revenue. Explanation: Logistics management is the process of establishing and controlling the efficient flow and storage of a product in order to comply with customer’s requirements. One...
The guiding principle of standardization is the one that is directed to the interoperability among organizations in case of an incident. Explanation: The National Incident Management System (NIMS) is responsible for handling cases of incidents. The primary purposes of this system can be defined as saving lives, protecting the environment,...
The main objective of inventory management is to minimize various types of costs associated with the acquisition and storage of stocks. The importance of inventory management lies in two dimensions: 1. The performance: to ensure the continuity of production and shipment of finished products; 2. Efficiency: inventory management should be...
A conflict of interest (COI) management plan is a document that outlines and implements measures to actively reduce, mitigate, or eliminate an actual, potential, or perceived conflict of interest held by an employee. The COI management plan aims to manage the conflict of interest and make it as transparent as possible...