Category: Business

Implementing positive changes in business

This article is about different ways and methods of using situations to their utmost capacity. Theories of change are events that are likely to happen, or can happened with the benefit of hindsight. However, no matter how situations  are adopted, for the future or as hindsight, in either case time and sincere efforts are needed from top management and adherents, as honest reports regarding change rules and techniques are not made available or understood by self analysis. It is absolutely necessary to involve neutral sources who can help clarify these theories by noticing things that would not be noticed by…

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Implementing leadership changes

Change Leadership reflects on the ongoing situation and the focus is mainly on implementing the changes that are needed immediately from a strategic viewpoint. Changes Leadership only purpose is to ensure that changes made are being efficiently implemented. It resembles Transformational Leadership in that it includes; conveying the plans and the changes to be made, building understanding and providing sustenance and developing reasons for changes that are necessary for the organization. This in no way means that this is the nucleus of change, but just a different method of introducing and implementing change. However, both styles do have some common…

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Impact of the Minimum Wage Rate Increase in the USA

Advocates for a minimum wage increase are of the opinion that the proposal to increase the minimum wage for contract workers and other workers is because the government feels that these workers are paid starvation wages. The government is seeking to restore confidence in the general public and will use all possible measures to bridge the gap between the haves and the have-nots which would in effect speed the nation’s economic recovery. According to estimates, roughly 200.000 would directly benefit from this wage increase. The wage increase would increase the minimum wage from $7.25 to $10.10 per hour and would…

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How to control inflation?

A cohesive fiscal course of action usually helps in controlling inflation. This can be done by keeping control of the increase in public demand for goods and services, thereby decreasing the actual circulation of money. A rise in interest rates also brings a decrease for the demands of goods and services, because high-interest rates dissuade borrowing, and encourage saving because of a rise in the current operating costs.  This also reduces the amount of money in circulation, thereby restricting spending. When interest rate rise, there is also a decline in investing in commercial ventures, because then induces people not to…

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Functions of Management at General Motors

General Motors is one of largest companies in the world and to run the organization effectively, the best management principles need to be successfully implemented. With the tough competition that the company has to continuously face, it must ensure that all its operations are streamlined for maximum performance to meet and beat its competition effectively to keep its leading position in the marketplace. One of the most important departments within the organization is the “planning department” which bears responsibility for the designing and building of the world’s best vehicles. A comprehensive “definition” of   the planning department would envisage vehicle design,…

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