Business and management
The efficient supply chain is the most crucial factor that makes the business strive amidst the dynamic global environment, underpinned by internationalization, digitization, and fast-changing consumer preferences. Each link in the complex connections that arrange production from raw materials to end-users is a permanent fixture of any company. In a world where customers are increasingly...
Importance of Demand and Supply Forecast By description, demand forecasting is the process of understanding and approximating future customer demand over a certain time. The process involves the use of historical sales data along with seasonal variances and information to ensure the most precise forecasts. The demand and supply forecast is one of the most...
Artificial Intelligence (AI) has caused significant disruptions across various sectors and is equally poised to cause significant disruptions in the area of strategic management. AI’s digital transformation is mainly data-driven and can help drive optimization in organizations. Specifically, AI utilization in different areas of business management presents enormous opportunities. However, AI has also generally been...
The Silk Road, an ancient network of trade routes that extended from the Far East to the Western world, has long fascinated historians and economists alike. This vast web, which spanned from around 130BC to the 14th century AD, served not only to exchange silk and metals but also to facilitate the interchange of ideas,...
A market economy is primarily influenced by demand and supply forces, which are crucial determinants of the price of various services and products (Chappelow, 2022). This complex system of supply and demand is the basic method through which resources can be correctly and equitably distributed in an economy and, more importantly, through which buyers and...
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Technological progress and innovations have compelled small enterprise business organizations to incorporate accounting information systems in their operational functions to improve business performance, increase profitability and market share, and promote efficiency. Accounting information systems are integrated into operations to collect, process, store, and manage financial data relevant to an organization’s decision-making (Hamad et al., 2021)....
Organizational culture has been considered a strong force behind business performance. Culture is defined as the set of values, beliefs, and behaviors shared by employees and used to determine how they relate to and make decisions, serving as an invisible guide that helps an organization operate in its daily activities. Though strategy and structure are...
Social media is reshaping the marketing and advertising fields, with consumer behavior falling under the purview of social media influencers. Consumers are increasingly associating brands pushed by influencers as the best market alternative, and in some cases, this has developed into a trend. Companies have realized the potential of social media and influencers and are...
Organizational culture comprises such characteristics as values, artifacts, symbols, and belief systems propagated in the organization. All these elements together provide a clear picture of the organization’s identity and impact the behavior of employees and their ways of working. Values are the beliefs that determine behavior, while rituals and symbols remind people of these values...
Globalization in Apple’s Supply Chain Globalization has changed the ways of doing business internationally by integrating the world’s economy and societies. It involves the unrestricted movement of goods and information across countries due to enhanced technology, communication, and transport. In supply chain management, globalization has initiated significant transformations in conventional business and approaches. The presence...
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In the current environment that is characterized by an increasing uncertainty, there is a shift towards adopting more versatile and adaptable emergent marketing techniques on top of the more stable and predictable classic strategies. Externally identified marketing concepts occur as a result of an organization’s operations based on its environment, allowing for timely changes. An...
Employee surveillance is a response to the increasing datafication of work processes. Employers intend to use data collected from the surveillance systems to make the work environment more supportive of innovation and high productivity. In an ideal world, employee monitoring technology should ensure the optimal utility of human resources. However, in practice, surveillance practices such...
Companies adopt vertical or horizontal strategies in order to spruce up and transform business operations. The horizontal growth approach encompasses expanding a company’s business activities into various geographic areas. According to Moreira et al., a horizontal growth strategy is responsible for heightening the company’s scale of products and services to the current market (711). Moreover,...
Based in the United States, Tesla Inc. was started in the year 2003 by two fellows, Martin Eberhard and Marc Tarpenning, but was joined in the year 2004 by Elon Musk after he invested in the company and was set to be the CEO of the newly forming company that sought to bring electric vehicles...
The Sustainable Development Goal 16 (SDG 16) is part of the United Nations’ 2030 Agenda for Sustainable Development. SDG16 promotes and fosters peaceful and inclusive societies for sustainable development, providing access to justice for all, and building effective, accountable, and inclusive institutions at all levels (Mukombwe, du Toit & Hendriks, 2024). It promotes peaceful and...
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