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Business
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[1]. 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...
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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...
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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...
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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...
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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...
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...Operations management concepts and theories are derived
from the general management theories, like planning,
coordinating, organizing and controlling. The general
management theories are employed to improve the efficiency
of the personnel and that of the organization...
