Folkways and how they affect business

Folkways and how they affect business Name Subject Date How can an entrepreneur greet a potential investor from a different culture? Perhaps the entrepreneur could smile and shake hands with the investor and what if the culture of the potential investor regards it offensive? One of the greatest hurdles to cross-cultural understanding and the efficient relationship remains our inability to decipher the impact of culture on personality. Folkways, a term coined by William Grahams Sumner refers to norms that dictate routine and casual interaction. Folkway considers appropriate greetings, dressing and normal behavior in varied settings. Folkways consider what is deemed polite or rude. However,...

Strategic Plan Paper

Strategic plan for Riordan Name Institutional Affiliation Importance of Strategic Plan Organizations around the world are trying very hard to sustain their market share and improvise mechanism that will help them defeat their competitors. Managers at Riordan should make decisions that will help the company attain the aims with an effective number of resources. When planning, there are key considerations that the top leaders try to use and strategize on how they will be implemented for instance methods to increase the clientele base and make sure that their consumers are happy. The use of technology in service delivery has been integrated into most firms because leaders have known that it will...

The Ever-changing Yellow Stone National Park

The Ever-changing Yellow Stone National Park Student’s Name Institutional Affiliation Introduction National parks are some of the most protected areas on the earth; however, much like other areas on earth, they are not immune to the effects of climate change. Further, the rich biodiversity that exists in national parks makes them particularly vulnerable to impacts from climate changes. The Yellowstone National Park is of prime importance to their entire nation, and indeed to the entire globe for its pristine and scenic environments and a rich biodiversity. However, in recent years, the national park has experienced significant threats from climate change and the extreme weather patterns that...

Capstone

CAPSTONE PROJECT: MCDONALD’S Student Name University Abstract McDonalds Corporation is one of the world’s biggest fast food restaurants with a chain of stores. It has over 34,000 local restaurants serving more than 60 million customers. It began as a hamburger stand and later on it incorporated more foods into the menu as it grew bigger and better. Its food outlets are operated either by the company itself or by franchisees. The company primarily sells hamburgers, desserts, milkshakes, French fries, chicken, soft drinks and breakfast items. There are other foods that are added on the menu depending the customer demand and the area where the store is located such as salads, fish and...

Budgets – Organization or Household

Name Lecturer Course Date Household Budget Ladies and gentlemen, today, I would like to teach you about household budgeting. Did you know that financial discipline is always a simple thing, but difficult to attain by many people? Have you ever thought that not less than 937 households file for bankruptcy each year because they can not manage their income? Well, budgeting has become an essential tool that everyone needs to embrace in the modern society. With a well-organized budget, a household will have to enjoy a stress-free life. With a healthy budget in the household, there will be no impulse buying, no over-expenditure and no unnecessary debts. Having a monthly budget will enable a...

Assignment 2: External and Internal Environment

External and Internal Environment Student’s Name Institutional Affiliation External and Internal Environment Company: Tesla Motors Inc. Industry: Automobile industryThe Tesla Motors company was founded in 2003 as an electric Sports cars company. A decade later, the company is the leading electric car manufacturer in the world with cutting edge technology defining its remarkable success. The company is located in Silicon Valley, California and is led by Elon Musk, its CEO, who also acts as the chief product architect. The company’s mission is to offer road transportation a new eco-friendly alternative, but with improved driving experience. So far, the company has made significant steps in...

Contract Law

Contract Law General Overview The term “contract” covers a wide array of topics. This legal term is usually used in business law. Contract is generally defined as a “promise or set of promises for the breach of which the law gives a remedy, or the performance of which the law in some ways recognizes as a duty” (Restatement (Second) of the Law of Contracts § 1). Hence, when a person sues someone for breach of contract, it only means that the defendant fails to fulfill his promise to the plaintiff (Maggs 1). If this happens, there are two options that the court may ask to the defendant – pay the plaintiff or abide with the promise. The consensus theory of contract asserts that the contract...

To Build or Buy

To Build or buy Student’s name Institutions name Strategy for a Business Concept One of the places the student frequently visits is Hot Coffee Place, a local coffee shop located within the student’s neighbourhood that provides the best place to meet new people. The aim of this paper is to provide a craft of a strategy for a business concept that would offer direct competition with the Hot Coffee Place and hopefully acquire some of the rivals’ most frequent and loyal customers. The new business would be called The Coffee Place and it would endeavour to provide to its customers a welcoming and practical place that would make meeting new people and having coffee more convenient. The Coffee...

Being a pilot

Student’s Name Professor’s NameCourse Date Being a pilot My passion for being a pilot began way off while I was still a young kid. After discovering my passion, I got to the local airport and took an introductory ride. For me, it was relatively inexpensive, and I got a chance of flying the airplane for the first time. I then enrolled for private lessons. Through the learning of my flying grades and gaining the experience from the private lessons I had, and later when I worked as a pilot for small companies, i got the experience I needed in applying to a large carrier. But since my goal was to fly an airline, in my cause of working, I came to realize that Pilots had benefits and retirement...

Global Business labor practices

Name Institution Tutor Date Global Business Labour Practices Introduction Global companies faced some myriad challenges when practising in developing countries. Most of the developing economies are used to most illegal practises, for instance, forced labour, corruption, Long working hours, low payments, child labour, gender inequality and violation of indigenous people rights. When entering such markets, the global companies are faced with the dilemma of abiding by their core principles of respect to humanity and commitment to labour standards or be assimilated to the conditions in the hosting countries(Robb and Bailey). Tax evasion, financial mismanagement, racketeering, and money...