IFE Matrix Analysis: Internal Factor Evaluation

IFE Matrix Analysis or Internal Factor Evaluation Matrix analysis, is among the most ideal tools for strategic business management. IFE Matrix analysis is useful for the internal auditing of organizations. The Internal Factor Evaluation matrix is employed in the internal analysis of various business functions like finance, marketing, IT, accounts, operations, Human Resources, etc, depending …

           

Strategic EFE Matrix Analysis or External Factor Evaluation

EFE Matrix analysis or external factors evaluation matrix analysis is used in strategic management for analysis of the external threats and opportunities

           

Total Quality Management/ TQM Models of Quality Improvement

Total quality management, TQM, and its related theoretical models of quality improvement, is currently recognized as an essential management…

           

Amazon’s Six Sigma Model of Total Quality Management

Amazon’s Six Sigma model of total quality management, TQM, is used by Amazon to improve management operations. The Six Sigma model of quality improvement is…

           

Benefits of Walmart’s Accounting System and Costing System

Walmart’s Accounting System, including its information and costing systems, is among the most sophisticated retail store management systems worldwide. Walmart is the largest multinational retailer in the world, operating discounted departmental and warehouse stores. The corporation was formed in 1962 by Sam Walton and has over 11,000 stores in over 27 countries (Walmart 2018 Annual …

           

Relationship between extrinsic benefits and job satisfaction. Case study of Coca-Cola

This study is a description of how extrinsic motivation affects employee performance and job satisfaction. In it a brief analysis is carried out on extrinsic tools that is; monetary and non-monetary rewards and their ability to change workers’ approach in a company. The specific tools studied included; promotion, training and salary. The effects of a …

           

L’Oreal SWOT Analysis, Cosmetics Industry & L’Oreal’s Market Strategy

L’Oreal SWOT Analysis, Beauty and Cosmetics Industry & L’Oreal’s Market Strategy. L’Oreal has made great ventures into various beauty and cosmetics markets across the globe. L’Oreal’s SWOT Analysis and marketing strategy

           

Extrinsic Employee Motivation: Training, Salary, Promotion and Employee Performance

How extrinsic employee motivation factors like salary, training, and promotion enhance employee performance. Employee motivation involves the provision of proper guidance, resources, direction and rewards in order to inspire performance

           

BOOK REVIEW: INTRODUCTION TO OPERATIONS AND SUPPLY CHAIN MANAGEMENT

The book introduction to operation and supply management explores on various critical issues on operations and supply chain management. On chapter 7, Cecil and Hadfield explore in details the basics and the procedures of supply management. The chapter provides basic definitions that are applicable to supply management. According to Cecil, supply management includes all the …

           

Things that a Business should do to Progress.

Background For a business to succeed, it must analyze its performance to work on weak points and to continue applying high points.  Industry growth is increased by selling products of high quality because such products reduce industry competition. Resources should be managed well to avoid loss in companies. The automobile is no different. For instance …

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