BUS4451-OL Business Strategy and Policy (Dr. Correa) External Factor Evaluation Template   External Factor Evaluation (EFE) Matrix Company Name: Key External Factors Weight Rating Weighted Score Opportunities 1.Lowering inflation rate   0.10 3 0.30 2) New environmental policies   0.05 1 0.05 3) Increasing LPG demand across the world   0.15 3 0.45 4) Free, stable cash flow   0.05 4 0.20 5) Decreasing the transportation costs of its products 0.15 1 0.15 Threats 1)Lack of regular supply of innovative products   0.10 3 0.30 2)Exxon Mobil Company can experience lawsuits in the markets given   0.05 3 0.15 3)Exposure to currency fluctuations   0.20 4 0.80 4)Changing consumer buying behaviors   0.10 1 0.10 5)An increasing trend in America towards isolationism   0.05 3 0.15 TOTAL: 1.00 3.01       SWOT analysis refers to a strategic tool of planning that managers of Exxon Mobil company can use to do an organizational situational analysis. Exxon Mobil company can use this technique to understand the present external factors such as Opportunities and Threats facing the company in its current business…

Optimising Organisational Performance through Best Change Management Practices In Leadership, Operations and Finance: The Case of Home Instead Senior Care Executive Summary Home Instead Senior Care provides individualised home care, services to senior people. While the company has progressively grown its global reputation with an increased presence around the world, it faces various challenges related to leadership, finances and operations. The organisation faces difficulties in the hiring process, remuneration and compensation, stiff completion from rivals, and high operation costs, amongst other challenges. This report explored these challenges and assessed the most suitable ways for optimising the company’s organisational performance through best change management practices in leadership, operations and finance. To guide the evaluation, the researcher employs two theories two ground the study in its theoretical and historical backgrounds. The Administrative Management theory by Henri Fayol helps to explain the process of maximising organisational performance, and the Resource-Based View model explains how organisations may maximise on their resources to improve performance. From the analysis, a few recommendations are made. The hierarchy at Home Instead needs to be adaptable and flexible. Furthermore,…

Automation, AI, and the Future of Work The incorporation of technological inventions and innovations into systems and processes has enhanced the efficiency and effectiveness of several industries in the global economy. Currently, technological advancements underscore the success of most businesses, which consistently improve their systems, processes, and procedures as the only way to attain efficiency and effectiveness in the modern age. Businesses that fail to conform to technology risks losing value (Autor, 5th min). Organizations with place technological integration at the heart of their strategy enjoy a greater competitive advantage, making them withstand the stiffening competition in the business environment. However, critics of work automation and artificial intelligence continue to hold that these technologies pose a direct threat to employment opportunities. On the contrary, a cost-benefit analysis would reveal that the adoption of technological automation into procedures and processes is a step in the right direction as it will transform the workforce by changing job descriptions and job specifications as well as job content. Through this, there will be an increase in employment opportunities, which will only require the adoption…

 effect of tax revenue and economic growth of Kenya ABSTRACT The study examines the effect of tax revenue and economic growth of Kenya, from 1980 to 2007. To attain this objective, relevant time-series secondary data were collected from the Central Bank of Kenya (CBN) Statistical Statement, Federal Inland Revenue Service (FIRS), and previous works done by scholars. The collected data was analyzed using the ordinary least square method. The results display that tax revenue has a significant positive effect on economic growth. That is it highpoints the channels through which tax revenue impacts and economic growth in Kenya. The study also tells that grants and other revenues have no adverse results in an increase. However, tax revenues can only appear its full potential on the economy if Government can come up with fiscal laws and legislations and support the existing ones in line with macroeconomic objectives, which will check-mate tax offenders to minimize evasion, corruption, and tax avoidance. These will get about improvement in the tax management and responsibility and transparency of government officials in the management of tax revenue.…

Basic operational/supply chain management issues in EUPA Company Supply chain management issues, or in other words, operational management, entails the following: the assembly lines and ability to produce, prototyping, product variety, and the rate at which new models and products are introduced in the market industry. The other things concerning the capability of the organization to continue production and that is maintaining the supply to the market, and a better working environment of it is like mentioning the kind of environment EUPA is. EUPA is one of the few companies that consider the rights of the employees and treats them fairly, and it has very many workers of 17000 in number. Going to the production capability, the company is great, and the workers follow what they are told as well as the application of their knowledge and skills to ensure the production process is ongoing. The company covers a large area indicating that the company is developed and more prominent in size to maintain production and the availability of the employees living within the around the organization in their designated…

Price and Output Determination in Monopoly Markets Introduction A monopoly refers to a market structure consisting of a single seller or producer who controls the entire market. The products associated with the individual seller have no close substitutes and have a direct supply, demand, and product price. Since monopolies are the only producer of a product, they may influence the price of the product by changing the supply. Monopolies might decide to reduce the price of a product when they are willing to sell more or increase it when they are willing to sell less. This paper will discuss price and output determination in monopoly markets……… Literature Review                  Price discrimination is a pricing strategy used by monopolies as they allow identical goods or services to be transacted by the same provider at different prices in different markets. Some literature examined what would happen if firms with market power were required to set a set profit market in every market, with a regulator determining the level of the margin based on an average of the initial margins. A study…

 INVESTMENT AND ECONOMIC GROWTH. INTRODUCTION There is a close interconnection, generally in all nations, about economic growth and investment/capital formation. There has been an emphasis by Marxist and Neo-classical that economic growth is stimulated by capital accumulation. Money is used to increase the creation of capital intensive goods. According to Sundrum (1993), when such products are used, there will be an increase in income through which capital accumulation promotes the growth of revenue. The rate at which the Economy grows is mainly determined by the capital. An increase in production rate is directly proportional to the rise in capital stock. Those nations that have invested heavily; they always have a higher GDP growth (World Bank, 1989). All the economic exercise, which include resources used to produce goods and services, is known as Investment. For less-developed nations, infrastructure will be one of the best Investments for them. The reason being that there will be the usage of recent technology by producers due to support, and when modern technology is introduced to the producers, there will be an increase in production activity.…

Logistics Problems and Recommendations Introduction Let there be light be a company like any other logistics faced severe problem with the transportation of the lamps from the company to the port of Vancouver and then to the port of Shanghai China. It is important to note that the most common challenges in the transport industry are as a result of increased fuel costs in most countries, the insurance and legal feel payable and the technology involved in the industry. In the current trends, technology in logistics businesses has emerged dramatically. It is the responsibility of a logistic company to ensure it copes with the technology and remain budget-conscious. Infrastructure It is evident that logistic companies much depend on the government infrastructure in the running of their business. Most countries have invested in the developments of the roads, airports, railways and ports. In both developed and developing countries, the status of the mediums of transport has greatly affected this industry. An example of the united states government $70 billion budget for financial 2020-2021 for the infrastructure; this will increase the efficiency…

Supply Chain Design Case Study on Boeing’s 787 Dreamliner Introduction Recent years have seen air transportsaturated with different models of airplanes. Competition has stiffened, forcing new innovative ways of different plane manufacturers to attract customers. Boeing is among the leading air travel providers, developed the Dreamliner 787 to provide additional value to passengers. This was a decision picked from the two main strategies that the giant airplane manufacturer was contemplating, to regain the most significant share of the air transport market. The first plan was to sell the existing models at low prices while the second was to come up with a new model of an aircraft that would take over the market due to its uniqueness in providing comfort to passengers. The manufacturer’s brilliant strategy to add value for its customers was put into effect in 2003 when it launched the 787 Dreamliner. The dream was to be realized by restructuring the supply chain to save on costs and time. Boeing’s stock markets sharply rose to $100 from $30 a share. Later in the past 2008, the company started…

Various economic topics and their impact in contracting and stimulating GDP Abstract. This paper explores six published articles that report on different issues that affect Microeconomis. The topics vary in content but have an overall impact on GDP. Microeconomics js the study of human decisions and how they affect utilization and distribution of resources. Gregory (2015). This paper examines all the six articles, shows how they are economically  interrelated and how they relate to the human well being in general. Conspicous Consumption In The Market For Smartphones. The more an item costs the less it is purchased. This is defined in the law of demand and supply. If a good defies this law it is referred to as a Veblen good. According to Elaine Schwartz (2017), with the Launching of Iphone X, Apple gave the world a “Veblen Moment”. The upperclass will show their economic status by purchasing useless items or very highly valued goods. The IPhone X valued at One Thousand dollars was more preferred than IPhone 8 valued at three hundred dollars. As demand for smartphones grow exponentially,…