The name “Proto-Renaissance” is employed in fine art to describe a certain duration in Italy, referred to as the pre-Renaissance times. Several academicians involved with the study of art argue if the artistic works in Italy between the 13th and 15th centuries were the final stages of medieval art or the commencement of rebirth, also termed the French renaissance. Despite this minor controversy, the artists agree that this period faced significant changes in Western art. During this period in history, several artists contributed to this major change in fine art. Some of them include Giotto, whose works were exhibited between 1267 to 1337, Nicola Pisano during the 1259 to 1260 period and Giovanni Pisano, who had great influence during 1302 to 1310 by his artistic works, among others.Continue reading
Category: Business Management (Page 1 of 84)
One of the most baffling questions that economists have to contend with is why people in different geographical regions in the world have entirely different living standards despite the proclaimed influence associated with globalization. Despite the answer being elusive due to its multifaceted nature, it is an important one to ask nonetheless as it helps to identify root causes and bridge the existing gaps. A common observation is that developing countries will, at times, respond favorably to recommended solutions, while others continue to stagnate. Scholars have developed several theories to address the issue of economic stagnation, but most seem to revolve around the idea of reduced investment in the regions. According to Lecuna & Chavez (2018), institutional voids and barriers may encourage unproductive and destructive forms of entrepreneurship and breed negative societal attitudes towards entrepreneurs. Hence, high-growth entrepreneurial activity from domestic or foreign investors may not thrive in an institutional context of voids and barriers. The current research focuses on corruption as a factor argued to undermine institutional ability to promote investment in developing countries and foster growth (Asiedu & Freeman, 2009; Amarandei, 2013). The primary argument made is that corruption adversely impacts resource distribution and that developing economies need to develop robust institutions, in addition to anti-corruption policies, to help identify and solve corruption-related problems.Continue reading
Value creation refers to the perceived benefit to the customer, in line with the microeconomic concept of utility from a company’s offering to its customers, whether it enhances the quality of life for the customer (B2C) or the company’s profitability (B2B) (Verdin & Tackx, 2015). Therefore, the customer value proposition describes the value firms promise to deliver to its targeted market consistently. It communicates how a firm’s product or service offering effectively meets the targeted consumer needs or solves their problem relative to a rival’s offering (Sheehan & Bruni-Bossio, 2015). The success of the customer value proposition is contingent on how well the consumer needs analysis is, relative to competitor offerings and the firm’s core competencies. The insights help develop the alternatives that will help structure a product or service with attributes that align with customer needs. Ultimately, customer value creation improves service quality, customer satisfaction, and loyalty. It also promotes higher productivity through quality and quantity of service and significant cost reduction for the firm (Gong, 2016). The current report explores the value creation model for OK2B Apparel.Continue reading
Extant literature on entrepreneurial activities by companies evidences their significant role in economic growth, enhancing innovation, and creating jobs (Estrin et al., 2018, p.425-26). However, realizing the opportunities and benefits accrued from entrepreneurial activities may fail due to the lack of funding. Funding is the foundation on which every start-up thrives, without which it will fail. According to Garg and Shivam (2017, p.22), start-ups normally fail because they run out of capital, experience working impediments resulting from demographic or bureaucratic reasons, the lack of resources, or the failure to meet targets. Either way, funding plays a critical role as a determinant of success or failure of a business, which is why entrepreneurs need to evaluate underlying issues that would cause the start-up to fail so that they can effectively manage their funding. The same applies to lenders as they determine whether they are making meaningful investments and whether the start-ups will effectively and efficiently utilize the finance provided to ensure sustainable growth. It is especially critical for start-ups in the early stages of growth as they struggle to demonstrate their legitimacy into transitioning from conceptualization to commercialization (Islam et al., 2018, p.36). The current report discusses early-stage funding using crowdfunding and why it would be the most appropriate funding strategy for the business. It does so by establishing the strategies used by lenders to invest, the value it will have on the business, and why it is more appealing than other funding sources.Continue reading
The current review is a critical evaluation of the company’s new business opportunity for selling bottled water as well as the marketing opportunity in marketing the new product through social media. Together, the process will contribute to the informed decision-making of organizational strategy. The literature by George and Desmidt (2018, p.133) highlights the criticality of collecting and exchanging information to make informed and qualitative decisions. A rational planning practice for decision-makers in whatever capacity is to inject information relevant to decision-making into the decision-making process to improve strategic decision quality. The rational model of decision-making is systemic (step-by-step) and relies on facts and informational analysis to arrive at a decision. Ultimately, the choice of a strategy depends on what the decision-maker perceives to have the most benefit as opposed to cost (Uzonwanne, 2016, p.3). Ideally, the goal for any business is to maximize the value of outcomes, while reducing the risk and inherent cost associated with the strategy.Continue reading
Globalization, broadly defined as the increasing interdependence between countries, has changed the rules of competition in business by enhancing capabilities that allow the transfer of information, skills, technology, products, and culture (Bodislav et al., 2015; Wiesmann et al., 2017). It has allowed companies to develop critical strategy approaches that leverage the different alternatives available to them to survive in complex, dynamic, and competitive global value chains. One such type of strategic approach is offshoring/outsourcing. Offshoring is a popular strategic practice where companies disaggregate fine pieces of activity from their value chains and relocate them across national objectives to save on cost, enhance performance, or learning opportunities (Mykhaylenko et al., 2015). Companies will typically outsource their services from high-cost to low-cost environments, mostly characteristic of developing countries. However, the success of this offshoring depends on the ability of the low-cost environment to balance supply and demand. The failure to which the offshoring company could seek alternatives in the form of reverse offshoring. According to Wang & Song (2017), reverse offshoring can involve a backflow of offshoring where companies move their offices back home from developing countries, outsourcing tasks of enterprises in developed countries, and developing countries becoming contract issuers.Continue reading
Final Word Count: X / 1300 words
RQ: How do sportswear clothing brands respond to the stakeholder pressure for more CSR?
1. How did companies respond to the arising stakeholder pressure that comes by effectively conducting responsible and effective CSR?
2. How did companies deal with the social impact of CSR?
3. How did companies adapt with the new protocols to help cope with stakeholders’ expectations in regards to CSR?
PART A: ANALYTICAL STRATEGY
i) Explain and justify the analytical strategy suitable for the proposed qualitative multiple-case study research design in the Group Assignment. Insert the codebook for the study in Appendix 1.
Think about the topics we covered in the class related to chapter 5 of Yin (2014) and chapter 4 of Miles et al. (2013). The supplementary sources in the Qualitative Research Design Readings are also of interest for this task.
Recommended word count: 200 wordsContinue reading
Pressure from stakeholders occurs in diverse ways and on critical issues of governance, sustainable development protocols of environmental concerns, and in the reporting and management concerns. For instance, governance oversight agencies often seek responsive management and corporate leadership to eliminate sweatshop practices. The sourcing of materials and components for the production of diverse garments and dyes ought to respect established environmental protection rules. The UN Global Compact and sustainability indices are a vital international benchmark mechanism for rating and ranking organizations on their impact on society through their strategic initiatives on CSR. The need to comply with stakeholder demands is paramount to the success of the businesses because the industry is highly profitable, and varied stakeholders have diverse conflicts that require effective deliberation and apportionment of responsibilities on ethical concerns. Pressure from stakeholders thus implies the corporations have to constantly invest in suitable promotion, effective public relations, and suitable brand management through direct initiatives of CSR.Continue reading
According to the World Health Organization (WHO), schizophrenia affects 1 in 300 (approximately 24 million) people worldwide, causing psychosis and compromising their cognitive capacity, behavior, and moods (World Health Organization). The article Theory of Mind in Schizophrenia by Mirjam Sprong, Patricia Schothorst, Ellen Vos, Joop Hox, and Herman Van Engeland investigates the theory of mind and its relationship to schizophrenia, concluding that the “theory of mind is impaired in individuals with schizophrenia” (Sprong et al. 5). The primary goal of the article is to “assess the magnitude of the deficit and analyze associated factors,” as well as to “investigate the extent of mentalizing impairment in people with schizophrenia” (Sprong et al. 5,10).Continue reading
Many organizations can astoundingly improve their productivity and profitability by considering ways to improve their workforce’s self-esteem. Self-esteem is regarded as the product of self-efficacy and self-respect, and people with high self-esteem tend to yield better in the face of diverse task challenges within organizations or communities. Effective organizations should consider mechanisms of improving and ensuring high self-esteem and self-respect within their workforce (Abdel-Khalek, 2016). Organizations work as communities. Therefore, it is imperative to consider culture as a holistic pact; thus, talent management and recruitment programs prioritize useful aspects of individual social functioning within the organization. Moreover, leadership styles and management choices have to reflect the need to cultivate self-esteem components in the organizational process.Continue reading