ShantanuT01/DACTYL-Pretraining huggingface dataset:
The main motive making business to engage in supply chain management is to enhance their efficiency. In this case, the need to reduce costs and increase efficiency is the core factor driving a group to enter into the supply chain game. Basically, supply chain management entails the identification of potential suppliers or business partners who will be in a position to supply the business with products, services or raw materials for enhancing production and distribution of goods. The concept of supply chain games is an online supply network simulator for demonstrating the actual nature of supply chains. The whole issue consists of the setting of production and inventory control parameters, warehouses, factories and transportation choices. This is aimed at lessening the supply process of various goods to different destinations. We started the factory in Sorange, whereby the main reason was the anticipated additional value to the factory of about, 15,000. The processes of shipping, supplies and satisfying demand were undertaken so as to grantee quality and efficiency. The acquisition of new supplies forms other factories like Calopeia and Entworpe was based on the need to boost efficiency and add value. Satisfying of quality was a key requirement for the company thus helping in realization of its objectives. The main process by the team was to identify its needs in terms of products and raw materials. This is a vital and basic process in entering the supply chain games. This is followed by identification and contacting of potential suppliers. The evaluation of prices and other logistical issues of the suppliers are also put into consideration so as to enhance efficiency. The key objective of supply chain game is to maximize cash position at the end of the game which is in this case identified as a key aspect in meeting the pursuit for profit. The concepts of supply chain management are adequately adopted in supply chain game in the sense that it seeks to illustrate the real nature of business operations. Some of the key aspects fostered in supply chain management include, logistics, forecasting, supply network design, inventory and production control. By adhering to these phenomena, business entities entailed in the practice of supply chain management are able to streamline its operations. This enhances in the enhancement of efficiency in timely delivery as well as provision of quality services. This is so because the parties involved in the processes are put under strict supervision and evaluation to ensure high quality standards. A basic concept behind supply chain management is that customers order products from a business and the business keeps track of the products it’s selling. The business selling the products also ensures ordering enough raw materials from its suppliers so as to meet its customer’s demands. This chain of supplies is aimed at ensuring that each business meet
Monitoring of the implementation phase in strategic planning The implementation phase involves translating the plans identified in the strategic planning process into specific policies that are implementable at functional units such as marketing, human resource, finance among others. It also involves identifying the resources that would best suit each functional unit and also allocate them accordingly. The implementation phase may become problematic if it is not well monitored. Monitoring is an essential stage in the implementation phase because it is involved in identifying whether the intended changes in the strategic plan are going as expected (Dusen, 2010). The strategic plans of the Homeland Security Department in the United States in the implementation phase are likely to face some huddles. The strategic plan that is most likely to experience the highest number of problems in the implementation phase will be that of ensuring that there is no entry of dangerous people in the United States. The challenges that are probably to arise in this strategic plan include the fact that terrorists are mostly disguised as United State’s citizens as they did during the September 11th attack. This could pose a problem in the identification of the actual terrorists within or outside the US territories. This calls for a continuous re-evaluation of the strategic plan to conform to the ability of the enemy to change. For the Homeland Security Department to monitor the effectiveness in the implementation of this strategic plan, the following pertinent questions must be answered by its management: How will the Homeland Security Department implement this strategic plan? In case there is a problem in the implementation process, how is it going to be resolved? What precisely is required in the implementation process (Bryson, 2011)? If the above questions are addressed it will be easier to monitor the implementation of this strategic plan and effect the necessary changes that are required in case of any shortcoming that may be encountered.
Empathy and Its Role in Leadership In short, empathy is the ability to understand other people’s emotions. However, it does not mean “jumping” into their emotions, but rather reading the body language, listening closely, and acting accordingly. An empathetic leader does not seek to become a “crutch” for their employee. Instead, he or she tries to bring out the best in the said employee and help them through guidance and mentorship. Communication and Its Role in Leadership Generally speaking, communication is an exchange of information, which goes beyond verbal information and includes body language, intonation, facial expressions, and much more. Communication is vital to cultivating good leadership because it allows for fair power distribution and building symmetrical relationships. The same goes for external relationships because, for many businesses, external partnerships are the backbone of their operations. In the modern environment, it is also increasingly important to know how to relate to different cultures because the workforce is becoming more diverse than ever. Therefore, it is a must to learn communication tactics that would be taken well by people with different cultural backgrounds. The Synergy of Empathy and Communication and Its Effect Communication and empathy are two interlocking concepts that exert the best influence when exercised together. For example, leaders who announce the open door policy right away display both empathy and well-developed communication skills, which puts subordinates at ease. Another manifestation of communication and empathy is nurturing employees and tending to their needs. As a result, leaders secure employees’ long-term commitment to the company.
One of the most critical decisions an entrepreneur faces is choosing the right business model. In a coop business structure, the company is owned by employees (Murray, 2020). Cooperatives have become particularly popular because they are easier to establish than most other business models, and they offer many advantages to owners. Personally, I believe that this structure is beneficial, and startups and small businesses, in particular, could use it to enter their selected market. First of all, an essential benefit of a coop business is the reduced financial burden. A single entrepreneur starting their business might face the need to take a loan or seek investors, whereas, in a co-op, funds from all owners can be used to establish and operate the business (LaMarco, 2018). In cases where a group of owners tries to seek a loan, they would typically benefit from more options because of the shared responsibility. Secondly, a coop is run by its owners, which helps to promote performance and productivity as all employees are interested in gaining profits (LaMarco, 2018). In contrast, other companies have to spend significant amounts of money on training and motivating their staff to ensure that they provide the right service and meet company goals. The third advantage of a coop is that members are exempt from income tax until their income reaches a certain point (LaMarco, 2018). This is important to new enterprises because it saves money that could be reinvested into the business. Overall, cooperative businesses are relatively simple in nature but provide many advantages to members. This business model offers an opportunity for aspiring entrepreneurs to start a business while sharing expenses, thus lowering potential individual losses and costs. Hence, this business model is particularly useful to startups and small businesses.
Introduction In any developed economy, the share of the business of small and medium enterprises (SME) in terms of volume and number is large. There are a large number of such businesses when compared to multinational corporations (MNC). In spite of much smaller numbers, MNC share comprises the next biggest share in terms of business. It is surprising that despite the existence of so many successful (and not so successful) SMEs, very few of them grow into multinational giants. This is seen from the fact that the number of MNC is not increasing in a great way. This paper is a study on why even successful SMEs often fail to transform themselves into large multinational corporations. Discussion SMEs are often considered to be an important component of a developed economy. “Small businesses are recognized as the backbone of the British economy, accounting for more than half of the UK’s turnover.” (Lukacs, p.5). But very few studies have been conducted as to why they grow enough to become labeled as MNCs. This lack of study has been corroborated by other researchers as well. “What kind of strategies do successful SMEs use to grow, and conversely, what constraints prevent growth? Unfortunately, little is available in the existing literature on SMEs business growth model.” (Li and Tan 2004, p.195-207). The study adds that most growth theories have been done with regard to MNCs. Reasons for failure A search for literature reveals that some theories and studies have been done on this topic. Some of the relevant thoughts and ideas are provided here. It’s tough to become an MNC Becoming an MNC is a slow and tough job that requires tenacity, resources, and vision. Besides the competition and the risk of operating in a new market, local companies and other MNCs operating there can be hostile towards a new entrant. This is very difficult for a company with relatively low resources (in terms of finance, technology, management expertise, etc) to handle. This prospect may cause small companies to think twice before venturing internationally. Financing Any organization needs adequate finance to expand internationally since it entails a lot of investment. Due to the diverse nature of SMEs, lending institutions need to allocate a lot of their resources when financing such firms especially to see whether the proposal is eligible. “These firms require high “touch”, which means labor-intensive monitoring and administrative costs, but loans to SMEs are rather small. From the view of banks, the extension and pricing of credit often involve information asymmetry and lack of adequate collateral.” ( The SME Financing Group: Credit Financing for SMEs Constrains and Innovative Solutions. 2006, p.20). Banks would prefer to finance MNCs since the amounts involved would be large and hence more profitable to the bank. In other words, they can get more profit with the same effort, as compared to SMEs. The MNCs can also provide the necessary collateral if
The problem of waste management has become one of the central problems of the 21st century. Billions of tons of waste are generated every year, with people producing garbage the size of Mount Everest. The waste recycling problem is global, which causes activists, scientists, and public officials to constantly search for solutions. However, with such emphasis on this dilemma, many do not realize that recycling can be not only helpless but unprofitable. While contributing to the reduction of greenhouse gases and landfills, the process remains unreasonably costly and inefficient. Despite the established opinion about the benefits of recycling, John Tierney, the author of the article, debates the advantages of this process. According to the first article Tierney wrote in 1996, the recycling process is “costly and ineffectual” (Tierney, 2015, para.2). However, many people disagreed with this opinion and predicted the flourishing of the industry. In the article The reign of recycling written in 2015, the author sheds light on the current position of recycling. The purpose of this article is to not solely debunk the preconceived idea of recycling but encourage people to learn more about the practical ways of preserving the planet. At the beginning of the article, Tierney asserts that nothing much has changed since 1996. Though the message about the benefits of recycling has traveled across the world and reached many people, the economic and environmental problems remain at the same level. According to Tierney, it is more costly for authorities “to recycle household waste than to send it to a landfill” (Tierney, 2015, para.4). The government may set higher goals for this procedure, but recycling will still be in stagnation. While affluent neighborhoods support the idea of recycling, less prosperous neighborhoods reject it. Second, the author sets a dreadful prognosis for the future of recycling. While the prices for recycling rise, the benefits of this process diminish. By commenting on people’s inability to differentiate between the various effects of recycling and its benefits, the author tries to bring awareness to the problem and prompts them to educate themselves. Here Tierney brings the example given by Chris Goodall, stating that washing plastic bottles in water, “heated by coal-derived electricity,” could lead to bigger emission of carbon into the atmosphere. Therefore,
Outline Art history deals with the presentation and interpretation of various artworks that define human cultures. These arts represent values long held by people and representing them in arts like sculptures means people would like them to be carried on. Much information has been lost through the ages and there are concerted efforts to preserve the remaining arts. This article entails the definition of art history and its use. The similarities between information technology and art history have been outlined. The differences between the two have also been outlined. The coming of information technology has opened great opportunities to preserve the arts and challenges have also arisen. The development of information technology has been traced to its use in the arts. This paper outlines the main challenges arising from efforts of preserving the arts and the gains made. The paper concludes by passing a recommendation on the efforts that we should all take to preserve our arts. Introduction Modern society is undergoing profound technological and social changes as a result of the complex information age. There are numerous developments in electronic information technology that affects, not only individuals but also institutions and governments. These developments have affected what is done, the way things are done, and how they relate to one another. The learning institutions have received the greatest impact as they seek to develop new approaches to keep up with the technology. It is in these institutions that lots of information is circulated and shared. Arts involve handling lots of information. A lot can be gathered from history in the form of drawings, writing, conversations, and other forms. This historical information needs to be preserved so that it does not lose its meaning. Constant handling of documents with vital historical information ruins them and thus better methods are needed to handle them. Information technology has eased information transfer by fastening it. The audience that can be reached by the information has broadened thus saving on time and costs. Art history Art history is a branch of the humanities concerned with the study of works of art (such as paintings, sculptures, and architectures), their history, construction, and meaning as cultural products. Such arts are mostly preserved in museums making them inaccessible to others who desire to learn more from them. Photographic reproduction has long been used to capture the arts but lately, technological advancement has opened up other channels to store these arts. These channels present a promising opp
Introduction Multinational Corporations have been operating since the initiation of overseas trade. The corporations remained crucial components of the global business for a long period: hence, transforming into modern forms in the 17 th and 18 th centuries (Jeter & Chaney, 2010). This enabled them to come up with varied European-based monopolist systems especially the “British East India Company”. During that period, multinational corporations acted as civilization agents. This was vital for the commercial and industrial purposes in “America, Africa, and Asia” (Dunning &Lundan, 2008). By the end of the 19 th century, it was clear that multinational corporations had improved communication. This allowed them to link the varied world markets; thus, improving global relations (Dunning &Lundan, 2008). Multinational corporations are currently powerful though most governments and consumers find them ambivalent. This is because the government claims that the corporations fail to consider the economic well-being of the society. Consequently, this analysis focuses on JP Morgan Chase and its acquisition ventures. Describe the selected acquisition The focus of the analysis is JP Morgan chase’s acquisition of Bank One in 2004. JP Morgan chase is the oldest and largest famous financial institution in the world. It started in 1799 as a charter bank in New York City. JP Morgan chase operates in 60 countries. It ranks as the largest provider of financial services since it offers assets of $2 trillion. It is the third-largest bank in the U.S after Wells Fargo and the Bank of America. “JP Morgan, Bank of America, Citigroup and Wells Fargo” are the four big banks in the U.S (Jeter, &Chaney, 2010). It specializes in six business segments, which include the investment bank, retail services, card services, commercial banking, treasury, and related services (Davis & Wilson 2011). JP Morgan Chase acquired Bank One, which was
Janet Z. Giele authored the paper entitled ” Decline of the Family: Conservative, Liberal, And Feminist Views” in order to discuss the constantly evolving views that society has pertaining to marriage, parenthood, and child development among various family structures. She successfully presents all the arguments from the warring sides of the issue while staying neutral herself. However, her opinion is not the topic of this paper but rather, my reaction to the results of her study. So far, this is what I have come to learn and understand from her paper. First of all, the information she gathered helped me to understand that the idea of marriage and a nucleus family has been constantly changing over time, much to the dismay of the liberals, conservatives, and feminists. Since the only thing permanent in this world is change, it is but right that the perception regarding these matters change with the times as well. Let us face it, the basis of marriage and the foundation of a family in the past can no longer be applied to these modern times because the work and financial situations have changed considerably. Divorce rates are high precisely because couples tend to grow away from each other as they mature. That is not a crime, nor is it a sin. We must remember that a loveless marriage will be just as harmful to a child than being born out of wedlock, to a single mother, or a divorced couple. Child rearing these days no longer requires a married couple but rather a loving mother and father who care for the individual they created. It is that individual who needs to feel the love and care of his parents, regardless of his status in life. In truth, removing the stigma on illegitimate children and the like does the child a favor. He should not be held at fault for a choice his parents made for him. In the end, I came to realize that there no such thing as a decline of the family but rather, only a changing dynamic and understanding of what defines a modern day family and how it performs its traditional roles in society. It is something that the old school believers will simply have to learn to accept and understand because the definition of marriage and a family will only continue to change and become stranger as the days go by. As society changes and the rules about who can get married and how children are conceived continue to be rewritten to suit the modern demands of society, so will the definition of marriage, family, and child bearing continue to evolve as well.
Introduction The following report presents a detailed business plan for establishing a debt collection agency in Dubai. The report provides a detailed discussion of the aim and structure of the proposed business and its services. It also provides a detailed analysis of the debt collection market, which highlights the need to establish a debt collection agency in Dubai. Moreover, the report includes forecasted sales and revenues and forecasted financial statements of the proposed business and the exit plan. Furthermore, the report includes findings of different capital appraisal methods used for evaluating prospects of the proposed business. Description of Organization The title for the proposed business is “Al-Masroof & Partners LLC.” The legal status of the proposed business would be a partnership between four partners. Each partner would contribute his or her own share of capital, and thereby, he or she would be entitled to profits and losses of the proposed business in accordance with his or her share in the total capital of the proposed business. The mission statement of the proposed business is to lead Dubai’s debt collection industry by setting high standards and success rates in debt collection and assisting clients in an efficient and effective manner. A detailed description of the organizational structure for the proposed business has been provided in Section 1.8. Product and Services The business of a debt collection agency involves acquiring the right to redeem debt obligations from individuals and businesses, which have written them off in their financial statements due to non-payment of the same by their respective debtors. By targeting these potential clients, the proposed business aims at purchasing uncollectable debts from its clients at a certain fee based on their book values. It would also provide services to collect debts without purchasing them on behalf of its clients and charging a certain fee as a percentage of the total amount collected. The aim of the business would be to collect as much amount as possible from debtors; however, a certain margin would be given to debtors as well to make them pay the amount they owe. Moreover, the services of the proposed business would also include providing consultancy services to its clients for credit management and setting up terms and conditions with debtors, which can increase the likelihood of debt payments by debtors. These services are discussed in detail in the follo