The Alchemists’ Case Introduction In the chapter Dig Where You Are by Doyal’s, Light’s Four Components Entrepreneurship has been clearly expressed through The Alchemists. The four components demonstrated include opportunities, entrepreneurs, opportunities, and organizations, which are the components that we have covered in class. Additionally, there is the aspect of social entrepreneurship as well as the shift in social equilibrium. Four Components of Entrepreneurship from the Alchemist Story The first component that has been demonstrated is the entrepreneurs, which have been demonstrated through Alchemist creativity and how effective he comes up with organizational goals. The concept aligns with the things that we learned in class. The founding of Dandelion School demonstrates the concept of entrepreneurship, which involves coming up with a business idea. This also brings the next component of the idea, which is to find a way of helping the less fortunate children to become respectable members of society. There is also the component of opportunity, which is finding ways of helping others who need hope. Organization as a component is demonstrated as Alchemist organizes entrepreneurial ideas and the…
HONGKONG AND SHANGHAI BANKING CORPORATION (HSBC) Introduction Hongkong and Shanghai Banking Corporation Holdings PLC is a multinational corporation operating within the industry of investment banking and financial services. Its establishment is specifically to finance the growing trade between Asia and Europe. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar. To support the bank’s growth into a global financial institution, HSBC invested in new headquarters. Lord Norman Foster’s design is a demonstration of the bank’s commitment to Hongkong. The company’s businesses range from the traditional High Street roles of retail banking, corporate banking, private banking, commercial banking, investment banking, and worldwide banking. It maintains several networks of around 600 offices in 20 countries in the Asia Pacific. They also own several HSBC banks operational in different countries and holding the stakes of the group, mainly in mainland China. It provides current and savings accounts, bonds, loans, mortgages, unit trusts, card products, deposit certificates, security products, and broking. In 2018, the company was ranked 7th worldwide…
Characteristics (location, age, industry, size, ownership, age and relevant changes) Bayer Company is a German origin multinational company. Bayer Company is established in the year 1863 as a dyestuff factory in Barmen with headquarters in Leverkusen since 1912. The headquarters offer strategic management holding offices for the Bayer Group. Friedrich Bayer and Johann Friedrich Weskott founded Bayer Company as his partner. Bayer Company is a group of offer three main operation subgroups, health science, crop science, and material science. The primary operations are supported by the service industries that are technology, business, and currenta to ensure efficient services to their customers. The healthcare subgroup of Bayer deals with pharmaceuticals and consumer health. Bayer Company is the leading and the largest pharmaceutical company in the world. The pharmaceutical group deals with mainly product prescription mainly on women healthcare and cardiology. The consumer health deal with the non-prescription product such as dermatology products and dietary products. The crop science group deals with mostly seeds, crop protection, and environmental science. Material science subgroup deals with high-tech polymer materials and basic inorganic chemicals. Bayer…
Knowledge management at Walmart Executive Summary Knowledge management composes one of the key drivers of business entities in the current times. The firms which adopt optimal knowledge management strategies achieve a competitive advantage in the market in addition to possession of sustainability. The case of Walmart adopted in this paper to analyze the relevance of knowledge management possess knowledge management strategies both within the internal and external context. This paper provides an overview of Walmart in addition to its analysis in terms of internal knowledge management strategies. The considered aspects of internal knowledge management entail the adoption of Human Resource Management, communication feedback, and the adoption of technology. Walmart also adopts global sourcing, which is analyzed in the paper. The management of eternal knowledge management at Walmart is also done with a key focus on outsourcing, joint ventures, and strategic alliances. The paper also analyses Walmart through the Nonaka and Takeuchi knowledge creation model to identify recommendations to the shortfall of the company in the realization of knowledge management. Table of Contents Executive Summary.…
current issues within the casino industry The gaming industry is one of the most regulated in the world, and the casino is no exception at all. Modern casinos offer entertainment and amusements for adult gamblers and billions of profits for the owners from gambling activities (Price & Pena, 2019). The casino industry has been increasingly changing as it grows over the decades based on the development in the games of chance, including roulette, blackjacks, and slot machines, among others. This paper presents a detailed discussion of the current issues within the casino industry, including the role of statistics in gaming, trends in loyalty programs, and casino promotions. Statistics play a critical role in casino gaming because the gaming rules and regulations usually are based on statistics rather than a gambler’s luck. Every player always expects to win, but every game of chance still has different earning potential. The odds depending on the player’s average bet: decisions they make, and the house advantage on a particular game. The house advantage aims to maximize the profit generated by the casino by controlling…
Reflection of Service Breakdown at a Company Once in a company at which I used to work, service breakdown occurred. In particular, there was a failure of the firm to meet the needs of customers. The company was a human resource consultancy firm, whose services involved the provision of technical advice and outsourced services in the human resources field to clients. In a period of a month, the company failed to meet its goals and fulfill contractual agreements with various clients on time. The crisis led to constant complaints from the clients demanding answers and refunds of fees and money for services not rendered or poor-quality results. Initially, the firm’s leadership did not handle the relationships between clients and customer representatives well. The managers did not communicate to the client firms about the problem in time and effectively. The clients expected the firm to deliver the services that they had paid for in time, but they received neither the services nor an explanation from the company’s leadership initiatives. After about a week, however, the firm’s management sought to address the…
analyzing TTB Herbal Tea company Introduction In recent years, there is growing popularity in herbal tea competition by most leading players and companies. TTB (Tom, Teddy, and Brenda) Herbal Tea company is a small firm that is located in the outcasts of Chicago. The company is a fast-growing company whose growth has been accelerated through an expression of interest by family and friends, who have helped in marketing the products. For any entrepreneur, establishing a business and watching it grow is significant attainment. This essay focuses on analyzing TTB Herbal Tea company by discussing is ownership and company structure, describing its product, outlining its mission statement and marketing goals, and also discussing who their potential customers might be. Information About Ownership And Company Structure The company’s ownership is based upon the agreement by partners. In the company, there are three partners, including; Teddy, Tom, and Brenda. Brenda owns 50 percent of the company’s stake; tom owns 30 percent of the stake, and teddy owns a 20 percent stake. In the company, there are 90 employees. The company has manufacturing, supply…
problems facing the global enterprise while offering a solution to construction industry Introduction The construction industry is a major of the leading contributor to the global economy. With technology development and skills enhancement that has resulted in the faster growth of the industry, various challenges or problems are facing this industry. The actual picture painted of the global construction industry is very concerning in nature. While the growth of this industry is stills forecasted on the sector as whole different countries such as the US, UK and the South Africa, for example, have inexperienced upsets in the domestic industries which have negatively impacted on the comprehensive picture of the sector (Wzorek et al., 2015). This one initially lucrative industry is facing some of the challenges that keep on compromising the growth of the entire sector and reducing its contribution to global economic participation. The nature of the challenges faced by this industry varies depending on the various factors, among them the country, policies, and technological innovation. This report examines some of the problems facing the global enterprise while offering a…
Overview of Saudi Cable Company The Saudi Cable Company was established in the year 1396H (1976G), and at first, it was operating as a limited liability company. The initial capital was approximately SR3.5 million. The company’s main objective was to engage in the manufacture and trade of copper rods, wires as well as power cables. The company manufactures rods of all tensions and sizes. The company makes communication wires and cables comprising of; fiber optics and copper ground conductors used for communication and electrical purposes, PVC insulating compounds, pallets, and wooden reels. Within a short period, the company experienced substantial progress and emerged as a pioneer in manufacturer of cable in the Middle East. Later on, in 1409H (1988G), the firm was converted into a joint-stock company with a paid-up capital of SR270 million. After a few years, the Company share capital increased to SR760 million, and as of 29/11/2015, the company had 12,453 shareholders who were fully registered. At the end of the financial year 2015, the locals Turkish and Saudi, contributed approximately fifty-nine percent of the total Group…
Food Delivery Apps/Services In the 20th century, the United States food industry went through many changes that saw its rise and spike in sales. The cars’ advertisement was such that the dream of every American family was to own one. The federal government made much investment in the building of roads and highways. The kind of promotion done on the big screens and television depicted the industry as the only futuristic trend at the time. Thus, the food industry itself transformed to accommodate the foreseen change in the country. Restaurants and food industries developed drive-through that has become the hallmark of the American food industry that still in uses up to this day not only in American but all over the world. Innovation in the industry led to an increase in the number of sales that the industry earned. However, in the 21st century, the world has changed, and even though cars are still familiar and widely used. The advent of the internet is changing the food industry and delivery services through the development of mobile apps. With the promise…