Entrepreneurship Kuwait The concept of entrepreneurship has evolved across the past decades, both as a concept and in practice. Generally, however, an entrepreneur is defined as an individual who develops a business activity from an idea through innovation and leadership. In modern economics and policy studies, entrepreneurship has emerged as a crucial component of economic growth and development and financial freedom. Within the growing nature of the international political economy (IPE) and globalization, entrepreneurship has emerged as an approach towards economic freedom and alignment to the global markets. This paper is an examination of entrepreneurship status in Kuwait, the Middle East, and related issues on entrepreneurship as an economic policy for the country. The status of entrepreneurship in Kuwait has significantly changed over the past few years, arising from a “cultural shift” and enabling policies (Pupic, 2018). Historically, Kuwait’s economic prominence delves into its oil-producing capacity as one of the major producers of the commodity in the gulf region. The nature of the product, however, and the shifts in the modern world and globalization has established a change in the…
Labor Problems in the Engineering Industry Summary Same as market and capital, labor is another critical factor in all industries, especially the processing and manufacturing industries. Despite the growing technology and modernization where machines have been computerized to work like men, human labor is still needed in the engineering industries. Some of the problems that are associated with labor are low production, unskilled labor, and overstaffing. The engineering industries are the most affected production industries because it requires not only a lot of work but also skilled labor. Labor cost is a significant factor associated with labor problems in the engineering industries. Most engineering industries require a large labor force since most of the machines used need to be controlled by humans. Hiring a large number of employees requires a lot of capital; therefore, the industries should ensure that they meet this demand first before hiring more laborers. However, most engineering industries face difficulties in meeting the need for more laborers because it is a costly process. There are instances when the industries hire enough employees, but the problem comes…
Key Elements to instill in the plan Corporate culture Despite having quite a number of criticism, the theory points out the need for corporations to provide an environment that is safe and conducive for employers ensuring they stay motivated and work exemplary. Nike incorporated the said theory of motivation. For one, the human resources global strategy is based on unleashing employees’ potential and enabling managers to make great decisions. Moreover, insights in the organization are highly valued through frequent brainstorming sessions and group exercise. What’s more, Nike remunerates in employees competitive salaries with numerous benefit packages that go beyond the health insurance and leaves. The company also offers a positive working environment that allows for creativity and team-work. Also, through mentorship and tuition assistance, Nike allows its employees to build their careers. The leaders employed provide opportunities for career development by teaching and amplifying employees’ capabilities, talents, and energies. For example, in 2018, Nike reported a salary increase for more than 7,000 of its employees. It also changed its annual bonuses in response to its corporate culture and raised concerns…
Transparency Transparency can be described as the process of openly sharing information. I believe that transparency is important in our lives and even in institutions such as the government and organizations. Transparency occurs as more of an ethical and moral inclinations where lack of transparency can lead to mistrust and a negative influence on the people who need the information (Birkinshaw & Cable 88). In the 21st century, however, we realize that information has become one of the most crucial commodities leading to crimes such as information theft. The great need for information causes complications to transparency. I hope to understand what people believe is the right level of transparency and what complications they believe are born out of availing Information. One of the people I interviewed was a secretary from a middle-sized organization. Christine, the secretary, believed that the level of transparency is relative. In her opinion, transparency levels should be determined by the level of risks that could occur if the information was overshared. From the conversation we had, I understood that transparency varies from one situation to…
Intercultural competencies Introduction Intercultural competencies are attributes, skills, and knowledge that are vital in culturally diverse environments. Intercultural competencies can be used in the workplace or during an international experience. Nike is a company whose headquarters are located in America. Nike is engaged in the designs, development, manufacturing, advertising, and sales of accessories, equipment, footwear, clothes, and services. Nike organization operates globally in many countries. Nike is divided into many sub-divisional sections, and they are all involved in similar tasks but are in different areas in the company. Many teams, for example, are responsible for departments such as women’s and men’s athletes. These departments are broken down by different sport categories, and each region has various departments. Nike operates in all seven continents since the year two thousand and ten, and there was the creation of subdivisions to track the productivity of each different region. Different reports from these various departments help Nike to view its strengths and weaknesses. Therefore, the company will be able to come up with decisions that will help the company grow. Communication in an organization…
Project Ratios Liquidity Ratios Liquidity ratios are used by the firm to determine its ability to meet short-term obligations, such as payment of Account Payables, Bank Overdraft and other accrued expenses. The management should make proper cash decisions to avoid cash flow problems. The current ratio and quick ratio can measure of liquidity. The current ratio assists the firm in determining its ability to pay current liabilities with the use of current assets. The quick ratio measures the firm ability to meet short-term obligations by use quick assets. Quick assets comprise account receivable, cash equivalents and cash. Current ratio = Currents assets / current liabilities Quick ratio = (Accounts receivable + cash + cash equivalents) / current liabilities Leverage Ratios Leverage ratios indicate the level of debt a firm has compared to either assets or equity (Hashim, 2018). A high level of the ratio will indicate a firm is highly financed with debt and may result in financial risk. Financial risk is the likely hood a firm may fail to meet its financial obligation and lead to the bankruptcy of…
ADNOC Company spending and sourcing process and practices Executive Summary This report analysis focuses on ADNOC Company spending and sourcing process and practices. The investigation is classified into three primary levels, namely the identification of the spend items and the strategic positioning, the evaluation of the adopted sourcing approached, and finally an examination of the supplier’s appraisal process for the purchase of safety equipment’s. First, in examining the spend items within ADNOC. The analysis indicates that some of the spend items include safety equipment purchase, vessels hiring, machinery and plant equipment purchases, and finally, the repair and maintenance spend items respectively. There are different but critical and significant high volume spend areas at ADNOC. In a strategic analysis, the evaluation is the Krilij model. This is a model indicating the value/significance of spend in terms of its contributions to profitability and the associated supplier risks. Through a four-matrix model, the analysis suggests that the different spends fall into the leverage, strategic. Bottleneck and the non-critical categories, respectively. Also, in evaluating some of the applied sourcing approaches, these analyses indicated that…
Design/Media Arts Histories Prompt 1: Write an essay about how users deploy the first three waves of media to create their social selves on the internet. In the Web 2.0 phase of the 4th Wave, what kinds of media do people upload, how do they reference and draw from earlier optical media, and how do their uses of media change and evolve? Write an essay about how users deploy the first three waves of media to create their social selves on the internet. First Wave. The first Wave involved the invention of photography, which has dominated the entertainment industry up to today. It consists in taking images of people, animals, and our surroundings. Susan Sontag emphasized that ‘to collect photographs is to collect the world. ( Sontag 4) furthermore, you can take photos of anyone and anything and preserve the memory years to come. Susan went further and explained that the photograph furnishes evidence. That photograph never lies (Sontag 5). She concluded that recently photography had become widely practiced. With the new technologies, anybody with a smart mobile phone or…
The principle of honesty when going about business The principle of honesty when going about business has been overlooked and has consequently led by the insatiable appetite for quick company success and shoddy money-minting deals. Business leaders all over the world, ranging from managers to company sales executives, need to grasp the importance of laying down formidable strategies in achieving success to shut off the greed for shortcuts completely. The business leaders are bound to take their junior staff through rigorous training of selling and marketing their products. The instructions act as guiding principles to help the employees win clients in their respective working environments. Business leaders also need to understand that not all employees corrupt. Some are ethically grounded and cannot stand shaky business practices. Wells Fargo Company should have stuck to the cardinal rules of honesty in business. Imposing abnormal targets for employees largely contributed to the collapse of the company. Fargo should have evaluated and analyzed the market trends and settled down on the available sales range. To avert the shady sales practices, Wells Fargo Company should…
Responses for Source Incorporation Discussions Student 1 Hello Jane. I understand your struggles with research papers. However, I would like to point out that everything, including the difficulties you currently encounter, is down to one’s attitude. In your situation, it could be worse because it is a combination of a negative attitude and procrastination. However, in all your attempts to avoid plagiarism, you should always take into account that plagiarism could not only be avoided through the use of synonyms but utterly failing to recognize someone’s work, yet you have used them in your research paper or an essay (Wager, 2014). Therefore, whether you paraphrase or use synonyms, but you borrow from the work of an author, it equates to plagiarism. Turnitin could give one a more significant insight into what entails when it comes to plagiarism. Reference Wager, E. (2014). Defining and responding to plagiarism. Learned Publishing, 27(1), 33-42. Student 2 Hello Tegan. The use of too many quotes in the correct contexts is not an issue as long as you correctly cite them. Again, in a paragraph, quotes…