Six Sigma Philosophies: Carrefour Company Importance of Lean Six Sigma Philosophy Running a company requires proper management of the company’s environment. This comprises of the internal environment which includes aspects like the company’s working and managerial staff and infrastructure, and the external environment which is made up of factors such as government policy, supply and demand and competition from other niche-dealing companies (George, Maxey, Rowlands, & Upton, 2004). In order to successfully run a company or a service organization, one requires an array of tools and methods that form the basis of how to formulate and implement company rules and regulations. Among these many tools of governance is the Lean Six Sigma method, which dates back to Japan’s Motorola Company in the 1980s (George et al., 2004). Lean Six Sigma can be described as a managerial concept that traditionally focuses on the elimination of company-related waste like overproduction and extra-processing, and improving the quality of company output. It can be divided into two parts, Lean and Six Sigma, each of which provides an array of tools that allow the concept…
Discuss specific ways information technology can benefit as well as negatively impact the business with respect to hardware, software, and trained staff. Information technology has benefits as well as a negative impact to the business. IT benefits businesses in different ways. It brings people together by making it easier for co-workers to communicate and collaborate using sites like Stride and Slack, team-chat, and email. Moreover, basic technologies like text messages and email speed up response time in emergencies and offer more leisure time frame for less urgent issues. Additionally, information technology helps in speeding up processes using manufacturing technology. For instance, assembly lines enhance productivity by consolidating processes and moving more quickly than a human being. Computers have helped in organizing information in a manner that would take workers considerably more time. Workers use seconds to get a profit and loss statement using QuickBooks, which would take hours for humans to compile it by hand. By saving time, information technology, in turn, helps in saving money for the business. Additionally, up-to-date and meaningful information assist in realizing problems and opportunities…
Insider Trading Insider trading is the use of information not made public to carry out trade decisions providing traders with an unfair advantage over others. Insider trading violations involve sharing confidential, non-public information about securities, trading of security by the person given the knowledge, and the selling of securities by those who misappropriate such information. A recent case of insider trading involves Wells Fargo, a multinational financial services company. A research analyst tipped a trader at the firm who traded on the information provided instead of waiting for published research. This action went against the company policies of trading on security ahead of published research. He sold profitably from these reports that in a manner that did not fit his typical pattern of trading. This violation led to insider trading as it went against Section 10b of the Securities Exchange Act that allows traders to set a trading pattern to sell their stock. (Wang, 2010) Furthermore, the two employees willingly exploited Section 17(a) of the Securities Act of 1933. This gives the Securities and Exchange Commission powers to decide information issuers…
IMMIGRATION What does immigration mean? According to Hing (pg. 3) Immigration refers to the movement of individuals from one country to another nation where they are not the native citizens of that country. In this context, the people of Mexico move from their homeland to the United States. It is the process by which individuals become permanent citizens of another state. Throughout history, the process of people leaves their country and move to another nation is contributed by economic, cultural, and social benefits to the countries. The immigration practice is long and diverse and has, in several cases, occasioned in the progress of multicultural cultures; many contemporary nations are branded by a wide diversity of ethnicities and customs, which are derivative from the former eras of immigration. Categories of Immigration There are four major categories of immigration status in the United States. The four types of immigration status that exist in America include citizens, residents, undocumented, and nonimmigrants. The explanation and characteristics of each type are discussed below. Conditional or Permanent residents Under this type we have two broad…
Apple Inc. iPhone marketing Q 1. In this assignment, I chose to analyze the Apple Company and focus on the iPhone product line. It is a multinational company in America dealing with electronics, including personal computers, iPad, iPhone television, and digital watches. The company designs and sells highly ranked electronics and online services. The most significant and most trending product line of the company is that of the iPhone. With the technology dynamics, the iPhone brand comes in the most current updated version to offer the best service for the uses. Being among the top fortune companies, Apple uses strategic marketing approaches alongside other promotional strategies in line with consumer needs (Mroz, 2016). Every company that wishes to compete successfully in the current market has no excuse for not investing in marketing. Apple is one of the company’s marketing its products extensively to reach consumers all over the world. In an attempt to utilize the best marketing capabilities, the company applies the market segmentation approach—consumers of iPhone range from young generations to older adults. The bases for segmenting the market…
Strategic Project Management Project management alludes to the process of taking a project from the beginning until the project ends. A project manager is tasked with the responsibility of overseeing and guiding the progress of the project in its entirety. Strategic project management addresses the overall view and determines how the undertaken project can benefit the efficiency of the company as well as its competitiveness in general. The latter uses organizational and project management techniques to enable the firm to advance. The process is facilitated by brainstorming and problem solving to ensure that the project is completed successfully, efficiently, and promptly. The schedule is a vital component of project management and is a crucial pillar for every successful project. The management tools are also essential since they are used to determine the tasks of the particular project and organize them into a series of events that can be managed effectively (Serra and Martin 55). However, individuals might be tempted to continue with the work and overlook the essence of developing a schedule. This factor may leave them exposed and…
More Than an Image: Critical Components of a Company Brand You Must Consider A reputable brand image is an essential factor in a company. However, a company needs to consider more than just its image in branding. A good brand gives the business the much-needed authenticity and credibility. It is a way of creating strong connections with the audience. Ask any business expert, and you will learn that the brand goes beyond the tangible. It is not anything obvious in your business, such as your name, logo, or color themes. To understand this, you need to go through these components of a company brand. Vision If you didn’t know, your company vision is the most critical component of its brand. Vision talks about the purpose of your business beyond the most obvious ones, such as making a profit. Your vision should be what sets you apart from your competitors and how you operate your business. A good vision inspires the business, its employees as well as customers. It gives your company a clear direction. A good vision gives voice…
Reflections from Welby and de Saussure In the “What is Meaning?” text by Welby, it is indeed interesting to read how the author describes the primary principles of the theory she put forward regarding the sign. As the reader begins chapter one, there is a sense of misunderstanding on the message she is trying to communicate. She notes, ‘it may be well briefly to summarise the line then taken’ (Welby 2). Although the reader may be lost at this very point, she introduces the term ‘significs,’ which brings meaning and sense into the first chapter. According to Lady Welby’s opinion, the theory of meaning is essential in explaining concepts. However, the approach she uses makes some of the passages difficult to understand. For example, she observes that ‘…we shall, for the first time, realise what meaning is and can be…” (Welby 5). Her approach is not direct, and unless a substantial portion of the passages is read, deriving meaning can be cumbersome. In de Saussure’s “Course in General Linguistics,” the writer explores the link which exists between linguistic progression and…
Accelerating Business Growth with NetBase Social Media Analysis With the ever-changing technology, many companies have realized the power of social media marketing. They have understood that it’s crucial to keep track of public perception regarding their brands on various social media platforms. Social media analysis helps companies gather essential market data that they could use to improve performance and service delivery to maximize profits. It also helps keep watch of competitors and monitor the performance of a company’s marketing strategy. Here are the three significant steps in analyzing social media. Data Identification Data identification involves collecting available data and changing it to useful information. Companies should address the concerns to why, where, who, what, and when, to help evaluate appropriate data sources to be analyzed. In other words, companies need to identify the data on their interests and establish if it’s structured or unstructured for easy analysis. Similarly, they should determine the source of the data. Social media data come from social networks like Facebook or news sites, so establishing the data source can help in knowing what and…
Feasibility Analysis Kreative Mindz is a daycare business providing care services to children, thus enabling parents to participate in other social, political, and economic activities, especially during the day. The facility offers child care services to children from the age of 6 months to 12 years. Kreative Minds also provides child care services during the weekend and holidays, thus benefitting parents who work non-traditional hours. Even though the facility’s employees are forced to work more than the typical 8-hour day, the satisfaction of seeing the children achieve social, cognitive, linguistic, and mental development is a significant motivation to the staff members. There are diverse factors that need consideration when determining the feasibility of the facility. The paper analyzes the industry, product, and financial feasibilities towards facilitating the determination of whether there is a need to change or modify the idea to ensure that the venture is profitable. Market/Industry Feasibility Market analysis forms an essential consideration in determining the feasibility of this daycare business (Lee et al. 77-91). Aspects such as market segmentation, target market segment, market needs, competition, and service…