Researching a one company and Solving 3 Questions Essay

Researching a one company and Solving 3 Questions - Essay Example McKnight’s management principles were firstly to delegate responsibility and to encourage staff to exercise their initiative and secondly for management to learn to focus on supporting staff who have participated in failed projects move on to something else rather than punishing them (â€Å"McKnight Principles† 5). To reinforce its culture of intrapreneurship 3M has instituted several policies and philosophies. The three that jump out of 3M’s organizational culture are the 15 percent option, tolerance for failure and rewards for success. The 15 percent option give employees authority to 15 percent of their workweek on individual projects of their choice without the need to either disclose or justify it to a manager (Govindarajan and Lang 3). This policy gives 3M staff freedom to be innovative. Tolerance for failure philosophy guarantees employees their jobs and no punishment for a product that fails in the market. On the contrary, 3M has often repeated stories of famous failures that went on to become highly successful products. This policy has the effect of keeping initiative and creativity alive among 3M’s staff. For innovative products that go on to have a breakthrough in the market, 3M acknowledges team member through salary raises, promotions, and recognition. For example the Golden Step award is given to team members if a newly launched product reaches a revenue goal of $2 million in the US or $4 million worldwide (Govindarajan and Lang 3). Better yet the informal recognition given to successful entrepreneurs through stories that convert them from mortals to legends is considered more powerful by 3M staff. The two major benefits that 3M derives from its organizational culture are staff loyalty and product differentiation as the key to commercial success. Staff loyalty is a manifestation of high staff motivation which often leads to increased job performance. Having a highly committed staff 3M’s management find it easy to

Business Law Questions Essay Example | Topics and Well Written Essays - 2000 words - 1

Business Law Questions - Essay Example This is different from Public companies where the shares are offered on a public stock exchange (Beatty & Samuelson, 2007). Another advantage would be that to form a Private Limited Company the minimum requirement is to have members with an upper limit of 50. In contrast, public Companies require a minimum of seven members with an unlimited upper limit. They are currently three partners and this is enough to form a Private Limited Company. Changing the business to a Private Limited Company enables the business to be able to source for funds from a wider scope than before. They can still obtain funds from family and friends, but now come into consideration from financial institutions. Companies are able to obtain better loans as they tend to have better credit scores when compared with other forms of business like partnerships. This is similar to Public Companies. The main difference is that Public Companies can raise more funds since their books of account are open to the public. Thi s increases the chances of getting debt financing. In forming a company they will enjoy the benefits of having limited liability, Salomon vs. A. Salomon & Co Ltd (1897). A limited company is limited to the extent of the shares held by each individual shareholder. In the case the company winds up, the only claim creditors can have is to the extent of unpaid up share capital. This is because in law, a company is a legal entity in its own right and is separate from the shareholders (Shtein & Lindgren, 1984). This also enables a continued existence even with the incapacitation of a shareholder (Adams, 2008). In the previous partnership, any event leading to the incapacitation of a single shareholder would have led to winding up of the business. In case they would like to expand further, the upper limit of 50 members enables the company to source for more funds by allowing interested members to subscribe.

Goals of Hinduism Essay Example | Topics and Well Written Essays - 1750 words

Goals of Hinduism - Essay Example The Vedic texts of Hinduism, also known as the Vedas, are the oldest scriptures of Hinduism and are essential to the practicing of Hinduism. The Vedic texts make up the four Saá ¹Æ'hitÄ s: the Rigveda contains hymns and songs that are meant to be recited by a designated priest; the Yajurveda has various formulas that are also to be recited by a specific priest; the Samaveda also contains formulas, but instead of being recited, these are to be sung by the designated priest; the fourth and final text is the Atharvaveda, which is a collection of spells, incantations, charms, and hymns. In the songs and hymns, each individual verse is also known as a mantra, which can be recited for certain needs or occasions, much as a prayer would be recited in other religions. These various texts are said to have been passed down from numerous gods and goddesses, as it is believed that humans had no part in their creation. Furthermore, they did not originate as texts, but as words that were heard and then written down. Many practitioners of Hinduism preferred, and still do, to memorize the Vedic texts rather than write them down or keep them as a book because they believe there is an importance of remembering sacred words as opposed to looking them up when they are needed. Since there are no direct origins of the texts, there are many branches of Hinduism that do not trust them, and therefore do not use them in their practices. In orthodox branches of Hinduism, the Vedic texts are regarded as their main spiritual authority. ... Ritual is a very important part of Tantra, and is often seen in the form of yoga, which is a sacred practice in Hinduism. The implementing of ritual in the practices of Hinduism allow practitioners to become closer with their gods and goddesses, bringing them closer through a spiritual exercise. By using the divine power, which is also known as prana, that can be found in the Earth and in the bodies of human beings, Hindus are able to use the energy to achieve certain spiritual or physical goals. During these rituals to access the divine energy, it is common for practitioners to use yoga, as previously mentioned, as well as visualizations of specific deities and mantras. All of these tools are used to help center and focus the attention of the practitioner on the goal that they wish to achieve. The sole purpose of tantric exercises and worship is to help a person attain complete control over themselves, as well as every force of nature, to become one with the divine rulers. Tantric exercises must be taught to followers of Hinduism, and their training usually begins with being taught how to meditate, which is often taught and overseen by a guru. Meditation will teach the practitioners how to control their breathing, their thoughts, and the ability to shut themselves off from their surroundings, allowing them to completely focus. After learning how to meditate, practitioners are taught yoga, which teaches how to exercise will over one’s body. From there, the practitioner is able to implement everything into a tantric worship ritual, bringing forth the energy from the Earth and their own body.

Case study II Assignment Example | Topics and Well Written Essays - 750 words

Case study II - Assignment Example One of the legal issues they should consider is the business structure. Currently, the business operates as a partnership. This means they should be able to decide the structure that will best suit their expanded business. A decision on this is reached after considering liability issues associated with each business structure; limited partnership or Limited Liability Company. They should also ensure that they get a new license or permit authorizing the operation of the new type of business. This is important because different types of business become operational under different types of licenses1. Contractual relationship is another legal issue to be considered. Hansel and Gretel and their contactors should read through any agreements they make for the new business before acting on them. Since the business operates with contractors, they should also consider disclosure and non-disclosure issues. This means contractors should sign an agreement to protect any confidential information of the business. One of the regulatory issues to be considered before modifying the business is cost. They should be able to meet the financial requirements for the new type of business. Hansel and Gretel should consider how the stability and continuity of the business will be affected by the changes in the business, especially due to structural changes. Control of decisions is another regulatory issue. They should consider to what extend they want to have control over the decisions to be made regarding the business. Hansel and Gretel have to consider financial laws relating to the new type of business for example tax laws and other financial regulations. This includes how the government will tax the new type of business. Various professional advisors give specialized advice regarding business issues. Professional business advisers are selected based on the most critical area that one needs to understand regarding the type of business they want to start.

International human resourcing Essay Example | Topics and Well Written Essays - 2000 words

International human resourcing - Essay Example it is a decision meant to foster efficiency. Merger occurs when two or more companies undertaking business activities of similar nature come together and combine their operational activities, management and every service delivery tasks (Dorrenbacher, & Geppert, 2011, p.56). This is usually aimed at improving service delivery and creating competitive advantage. By merging with other companies, resources become more available hence production capacity can go higher. Acquisition is yet another strategy which means a larger company purchasing another one, either fully or partially, as a way of increasing its investment. Joint venture is closely related to merger. However, in joint venture companies mobilize resources together to undertake a common venture. This strategy is regarded necessary if the companies are like minded and the nature of business venture will considerably involve large capital investment. For instance, we have the case of EBG which acquired Pancevo and other brewerie s in Moldova, Chisinau, and Ufa in 2003. We also learn that Pancevo underwent nationalization over the era of Tito, which transferred its ownership interest to a given family. Again, this organization which now operated like a company was privatized following poor operating conditions prior to 1991. All these strategies have legal, social and economic implications to the society and the state at large. In our case study, we undertake to look at the legal and social aspects that arise with respect to the above strategies, considering multinationals like Pancevo, Eden Group of Companies, EBG and others that operate in Asian market and other countries (Richmond, & Turton, 2000, p.25). Discussion Generally immaturity of the political body has led to stifling of the institutional pluralism development. While in the area of higher education, appointments of senior academic are still being conducted by the state, a picture similar to that arises in the agency of Serbian privatization where senior employees as well as their policies are seen as the subject of great transmutation. It is without doubt that the major reason behind widespread feeling of anxiety and fear has been the pauperization of the community of Serbia which is faced with a challenge of around 30% unemployment with average wages being marginally higher than subsistence levels. The interference of the system of social benefits that were well established by the administration of Tito, which meant non material and material needs were all granted by the government, has contributed to feelings of isolation and insecurity among the citizens. Living standards deteriorated immensely because under Milosevic business enterprises were maintained open, usually with passive workforces, meant to create means of supporting the regime and keeping social peace (Richmond, & Turton, 2000, pp.34-6). The significant challenge threatening the programs of workers in Serbia is the privatization enactments that were made in a series of laws from the start of 1980s. From 2001, radical ownership restructuring has taken place. This has shocked many nationalities especially the workforce, whose livelihood is pegged into those enterprises. These laws have seen into it that social and state owned business enterprises are transferred into the hands of private sector. These enterprises employed 150000 workers, and their social security future was now at risk. Such is the case

Hofstede on Southwest Airlines Assignment Example | Topics and Well Written Essays - 2750 words

Hofstede on Southwest Airlines - Assignment Example Rolling King and Herb Kelleher established Southwest Airlines (NYSE: LUV) in 1967. Southwest started operating in 1971, serving intrastate Texas cities, Dallas, Houston and San Antonio. The company achieved break even in two years because of its low-cost model and organizational culture. For the past forty years, Southwest has remained profitable, while other airlines declared losses or bankruptcy. Southwest (2013) boasts that it â€Å"continues to differentiate itself from other carriers with exemplary Customer Service delivered by nearly 46,000 Employees to more than 100 million Customers annually.† The company emphasizes on LUV as its primary motivation in serving its customers. On May 2, 2011, Southwest acquired AirTran Holdings, Inc., and it currently manages AirTran Airways as a wholly-owned subsidiary.Southwest has several notable achievements. It is America’s biggest carrier in terms of originating domestic passengers boarded and, with AirTran added, it has the largest fleet of Boeing aircraft in the globe, as it serves a total of 97 routes in 41 states, the District of Columbia, the Commonwealth of Puerto Rico, and six nearby countries (Southwest, 2013). Southwest, furthermore, has â€Å"lower unit costs (adjusted for stage length), on average, than virtually all major domestic airlines and consistently has one of the best overall Customer Service records† (Southwest, 2013). The company is also consistently one of the most admired companies that employees want to work for.... 13) boasts that it â€Å"continues to differentiate itself from other carriers with exemplary Customer Service delivered by nearly 46,000 Employees to more than 100 million Customers annually.† The company emphasises on LUV as its primary motivation in serving its customers. On May 2, 2011, Southwest acquired AirTran Holdings, Inc., and it currently manages AirTran Airways as a wholly-owned subsidiary. Southwest has several notable achievements. It is America’s biggest carrier in terms of originating domestic passengers boarded and, with AirTran added, it has the largest fleet of Boeing aircraft in the globe, as it serves a total of 97 routes in 41 states, the District of Columbia, the Commonwealth of Puerto Rico, and six nearby countries (Southwest, 2013). Southwest, furthermore, has â€Å"lower unit costs (adjusted for stage length), on average, than virtually all major domestic airlines and consistently has one of the best overall Customer Service records† (So uthwest, 2013). The company is also consistently one of the most admired companies that employees want to work for. Moreover, Southwest is doing financially well, despite the lasting effects of the 2008 financial crisis. In 2012, Southwest gave $422 million to shareholders through buying back $400 million of common stock (around 46 million shares) and providing $22 million in dividends (Southwest, 2013). Southwest promotes corporate social responsibility. It is committed to â€Å"the triple bottom line of Performance, People, and Planet† (Southwest, 2013). Because of its successful organisational culture and continued profitability, Southwest is one of the most studied organisations in the airline industry. Organisational Culture: Some Definitions Organisational culture has diverse definitions because of

International human resourcing Essay Example | Topics and Well Written Essays - 2000 words

International human resourcing - Essay Example it is a decision meant to foster efficiency. Merger occurs when two or more companies undertaking business activities of similar nature come together and combine their operational activities, management and every service delivery tasks (Dorrenbacher, & Geppert, 2011, p.56). This is usually aimed at improving service delivery and creating competitive advantage. By merging with other companies, resources become more available hence production capacity can go higher. Acquisition is yet another strategy which means a larger company purchasing another one, either fully or partially, as a way of increasing its investment. Joint venture is closely related to merger. However, in joint venture companies mobilize resources together to undertake a common venture. This strategy is regarded necessary if the companies are like minded and the nature of business venture will considerably involve large capital investment. For instance, we have the case of EBG which acquired Pancevo and other brewerie s in Moldova, Chisinau, and Ufa in 2003. We also learn that Pancevo underwent nationalization over the era of Tito, which transferred its ownership interest to a given family. Again, this organization which now operated like a company was privatized following poor operating conditions prior to 1991. All these strategies have legal, social and economic implications to the society and the state at large. In our case study, we undertake to look at the legal and social aspects that arise with respect to the above strategies, considering multinationals like Pancevo, Eden Group of Companies, EBG and others that operate in Asian market and other countries (Richmond, & Turton, 2000, p.25). Discussion Generally immaturity of the political body has led to stifling of the institutional pluralism development. While in the area of higher education, appointments of senior academic are still being conducted by the state, a picture similar to that arises in the agency of Serbian privatization where senior employees as well as their policies are seen as the subject of great transmutation. It is without doubt that the major reason behind widespread feeling of anxiety and fear has been the pauperization of the community of Serbia which is faced with a challenge of around 30% unemployment with average wages being marginally higher than subsistence levels. The interference of the system of social benefits that were well established by the administration of Tito, which meant non material and material needs were all granted by the government, has contributed to feelings of isolation and insecurity among the citizens. Living standards deteriorated immensely because under Milosevic business enterprises were maintained open, usually with passive workforces, meant to create means of supporting the regime and keeping social peace (Richmond, & Turton, 2000, pp.34-6). The significant challenge threatening the programs of workers in Serbia is the privatization enactments that were made in a series of laws from the start of 1980s. From 2001, radical ownership restructuring has taken place. This has shocked many nationalities especially the workforce, whose livelihood is pegged into those enterprises. These laws have seen into it that social and state owned business enterprises are transferred into the hands of private sector. These enterprises employed 150000 workers, and their social security future was now at risk. Such is the case