E-Commerce opportunities in Modern Business China
...As the world’s most populous nation with approximately 1.3 billion people, it is no doubt that China has a huge market potential for e-commerce. The large absolute gross domestic product of US$1305.9 million seems encouraging. Apart from that, the main indicators for e-commerce imply a rapid growth. These indicators include number of internet users, personal computers as well as telephone lines and cellular subscribers. The number of internet users stand at 59.1 million which is approximately 2.8 times the size of the total Australian population. However, when compared to the total Chinese population, these numbers become relatively small...
Is Modern Progressive World a True Blessing or is it a Curse?
...The term progress can be defined as the process of civilization development and change for the better. In the modern world we are used to thinking about societies in the Northern part of the world as “developed” and the Southern ones as “locked into inert traditionalism”. The most important question however is whether societies we think are progressive are really feeling better than those that are slacking behind. What do the two of those worlds gain and lose due to the progressive modern development?
The progress of the development and evolution of the western society according to Weber can be depicted as follows: hunter gatherer societies merely hunt food to feed themselves and their family, this then developed into pastoralists who keeps their own live stock resulting in first signs of ownership. Finally, pastoralists develop into agriculturist who realizes the potential in trading goods which evidently leads to cash economy and an early form of capitalism...
What is Operations Management
...The general management of the business entity’s major operational activities is called operations management. It usually deals with goods manufacturing or implementation of services. However the range of problems and issues that operations management carries out greatly depends on the type of organization and its authority distribution.
Objectives of Operation Management
The two main objectives of operations management are to increase operational efficiency and to reduce operational costs (Cohen, M. A. and H. L. Lee. 1985). Although trans-national companies generate revenue in billions of pounds, they still need to cut down their operational costs, to reduce the overall cost of production and distribution (Cohen, M. A. and H. L. Lee. 1988). This enables the company to offer the products marginally cheaper than those of their competitors. However, the increased competition is not the only factor that forces these companies to consider cost reduction measures...
People Management in Hotel Industry
...The following paper will attempt to discover any possible issues that might arise in the hotel business as well as provide answers to the discovered questions.
One of the most important steps in forming a successful team of professionals is recruiting manpower that you consider will form a great basis for your company’s development. Effective recruitment procedures are vital to maintain quality workforce. Recruiting can be done internally or externally. Many companies prefer to recruit candidates externally only for entry-level positions. These organisations look at qualified candidates within the organisation for managerial positions. Internal recruiting boosts the morale of promoted employees and leads to succession of promotions for higher positions...
Is learning on-the-job enough to create an efficiently working manager?
...Learning on the job is a great tool that can be effectively used if the staff being hired is capable of learning of course. The way people learn is usually through reinforcement: the person gets feedback from their boss when they do something that either shows that this was appropriate or not. They will learn to do the same again or avoid the things that cause reprimand.
The person carries out a task and afterwards thinks about what they have done, perhaps realizing they could do it differently or better. They work out a plan to try out the next time...