First, in the US employee satisfaction survey, Costco surpassed Apple, Facebook and inter, second only to the number one Google. The employee satisfaction of retail companies is very difficult to fight, and Costco's employees are more than many top companies in Silicon Valley. According to the survey, a cashier at Costco earned an hourly wage of $20.89. This is almost...
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Modern AI Systems have seen some major advancements and breakthroughs in recent years. However, almost all of them use a bottom-down approach where machines are heavily trained in as many situations as possible to increase accuracy and minimize their margin or error. This is a rather inefficient and at times untrustworthy way to teach machines. This approach requires large amounts...
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Introduction Bernard Lawrence Madoff, commonly known as Bernie Madoff, remains one of the most infamous figures in the history of finance. Born in Queens, New York, in 1938, Madoff climbed the ranks of Wall Street to become a prominent financier, ultimately serving as the non-executive chairman of the NASDAQ stock market. His career, however, took a dramatic turn when he...
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Sony corporation was founded in 1946 by Masaru Ibuka and Akio Morita. Its first invention was rice cooker which had failed and led to G-TYPE recorder in 1950, it also introduced pocket transistor radio in 1957. A cathode-ray tube was launched on October 15, 1967 which helped them in video innovation. Its headquarters are located in Japan where large parts...
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According to CEO Brian Krzanich, Intel is known for its corporate culture of meritocracy, which considers employee ability and output. This culture differentiates Intel from competitors, maintains a high-end brand, and influences customers and suppliers to adopt technological efficiency in their mindsets. The following are the main characteristics of Intel’s organizational culture: customer orientation, risk taking, discipline, great place to...
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If a man shrinks then the nation will be known for its weakness, but if he strives then the nation will be known for its glory. Theodore Roosevelt was the 26th president of the United States and in 1899, he gave his famous speech ‘The Strenuous Life’. This speech was a collection of Roosevelt’s works and experiences. It talks about...
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Economics is an age-old social science discipline, which basically deals with production, distribution and consumption of goods, services and service delivery and how society can optimally use its limited resources to achieve its goals. The application of economics to health- related issues started around 30 to 40 years ago. Various health problems like increased cigarette smoking habits in young, limited...
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Introduction Donald Trump, a name synonymous with wealth and opulence, stands as a prominent figure in the realm of business. As a businessman, Trump has been a polarizing figure, eliciting both admiration and skepticism. His journey from inheriting a portion of his father's real estate empire to becoming a globally recognized brand is a testament to his business acumen. However,...
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According to the Organization for Economic Co-operation & Development’s (OECD) report on the average annual hours actually worked per worker (OECD. Stat, 2019), Korea ranked second from the top with an average of 2,108 hours a year since 2008. This means Korean work 1.3 times more than the OECD average working hours (1,770), and 1.5 times the Germany’s working hours...
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Mystery shoppers are used worldwide by services to evaluate the performance of their front-line employees. An online survey of mystery shoppers compares the reality of the situation with the best practice identified (Dr. Jacqueline Douglas, 2015). It is seen as an efficient and effective instrument to gain in-depth knowledge of the customer’s perception of service delivery (Finn, 2001). When a...
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The compensation models used in digital marketing are commonly used online to motivate customers to have a look on the product or brand. The compensation models that I will be outlining are cost per thousand (CPM), cost per click (CPC) and cost per action (CPA). Starting with cost per thousand is one of the most common models for advertising online,...
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Introduction In today's rapidly evolving economic landscape, the necessity of financial literacy and prudent money management cannot be overstated. As individuals and families strive to secure stable financial futures, adopting effective money-saving strategies becomes an integral part of achieving financial stability and independence. Saving money is not merely about putting aside a portion of one's income; it encompasses a broad...
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Business organizations across the world today are keen to leverage maximum technological advantages and benefits due to the increasing use and applications of modern internet based technologies and devices by consumers globally. Exponential rise in the applications of technology across all industries and societies has revolutionized the way people communicate and think consequently generating a lasting impact on their life...
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Economical term cost-benefit analysis means to evaluate a business activity by calculating the net gain for a company. It generally helps companies to assess whether a decision is appropriate to make monetarily. However, with rising of severe environmental issues in modern world, business activities take certain responsibility of negative impact on environment. That makes people question the validity of traditional...
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Introduction Honda Motor Co., Ltd., a global leader in automotive manufacturing, has long been recognized for its innovative engineering and marketing prowess. The company has consistently leveraged its marketing strategies to enhance brand visibility and customer engagement worldwide. Central to Honda's marketing management is a commitment to understanding consumer behavior, adapting to market trends, and maintaining a robust brand presence....
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Google is a well-known company founded in Stanford University by Larry Page and Sergey Brin on September 4th, 1997. They created an online search system that became an international essential for researching. Google is known for its reputation as the worlds largest search engine, a quick and simple cost-free service that appears within seconds. No matter what language you speak...
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Zara is a clothing and accessories retailer based in Spain. The company designs, manufactures, distributes and markets clothing and accessories for both men and women. Its product portfolio includes coat, jeans, knitwear, shirts, t-shirts, shoes, handbags, lower garments, upper garments, coats, jackets, dresses, skirts, trousers, cosmetics and complements. The company markets its products through its brand, Zara. The purpose of...
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Introduction In the dynamic landscape of the insurance industry, strategic planning is pivotal for companies seeking to maintain competitive advantage and ensure long-term sustainability. Etiqa, a prominent insurance and takaful provider in Southeast Asia, exemplifies the importance of a robust planning process. This essay aims to dissect Etiqa's company planning process, highlighting its strategic objectives, implementation mechanisms, and evaluation metrics....
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Corporate culture refers to the beliefs and behaviours that determine how a company's employees and management interact and handle outside business transactions. Often, corporate culture is implied, not expressly defined, and develops organically over time from the cumulative traits of the people the company hires. A company's culture will be reflected in its dress code, business hours, office setup, employee...
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The share prices of Valeant dropped in just a few weeks from $ 262 to $ 27. This was due to the main reasons – the company's pricing strategy, the company's $ 600 million overestimation of its target earnings and the debt problems. Valeant used a pricing strategy where they increased the prices of the drugs of the acquired company...
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Constituted as an ideal, favorable way of living, the American Dream is achieved through hard work and dedication. Yet, some take diligence and dedication to hard work to an extreme causing them an unhealthy relationship between themselves and their occupation. As Clausen claims, dedication to one’s work proves disadvantageous and creates conflict with other aspects of life, causing one to...
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Improving economic efficiency and effectiveness is one of the priority goals of the leadership of any organization the implementation of which almost always affects the human resource management system. The main functions of management (planning, organization, implementation, motivation, coordination, control) are actually aimed at streamlining and regulating personnel activities, at increasing the efficiency of using human potential through certain methods...
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The reasoning is the process where the information is given and is compared with the known information or knowledge and come up with a reasoned conclusion. Reasoning skills can help in decision making, distinguishing situations and problems solving. To have agents involved in reasoning, they have to equipped with higher-level cognitive functions. For examples, beliefs and goals, actions, perception, plan...
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Balance sheet method is an approach used by salesperson to gain commitment from consumers by telling them to think the pros and cons of all alternative available. It is also called Ben Franklin Method. Make two columns. List all the pros of the alternative in one column and all the cons in another. Then two conditions will arise: Any one...
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The strategy and performance of LEGO® has seen many changes over the years it has been operating. This initially family-run business has gone through major fundamental changes which has allowed it to become one of the largest global toy manufacturers with high quality products and strong customer loyalty. Some key changes over time include changes of focus in strategic management,...
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Google has developed a relaxing working environment for their employees, Googlers. There are a lot of bikes placed around the company so that Googlers can move to and from different offices more easily (Le, 2012). Google also provides cafes, sushi bar, espresso stations, gyms, volleyball courts, shower facilities, swimming pools, massage rooms, gaming facilities and others for employees to use...
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Introduction Public parks have long been cherished as vital components of urban and rural landscapes, offering not only recreational opportunities but also substantial economic and environmental benefits. These green spaces are often viewed as essential amenities that contribute positively to the quality of life in communities. However, the establishment and maintenance of public parks entail significant financial investments, prompting a...
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Nowadays green is a new evolving concept to furnish marketing with image branding and marketing spin. If we look beyond, we found how ethical or green it is (product/services). This is real/true rather than rational. After stripping, we explore the product; who made or grew- this information or using this, we can develop our ideas to connect with people. Originality...
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Controlling is a management function that control the performance of a company and process of carry out the plan that have been set. It recognizes the leeway between the plan that have been set and the real outcome. After that, it will make the correction to the deviations and also make sure the company is going on the achievement of...
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Gender diversity in the workplace has been a topic of conversation in the United States since the women’s liberation movement in the 1960s (Burkett, 2019). As time has gone on, the calls to action for equal opportunities in employment have intensified with the inclusion of laws protecting women from gender discrimination. There have been many proposed solutions to increase the...
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