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Business Plans

A business plan is a very important part of creating a business. This plan includes things such as marketing strategies, an analysis of the competition, development plans, operation and management plans, an explanation of your legal structure, and financial projections.

500 Questions

What product or service has made Microsoft successful?

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Asked by Wiki User

Microsoft's success can't be attributed to a single product, but rather a combination of two areas:

Software: The Windows operating system, launched in the 1980s, became the dominant force in personal computers. Microsoft Office, a suite of productivity applications like Word and Excel, followed suit in popularity for business and home use.

Services: In recent years, Microsoft has shifted towards cloud-based services like Microsoft 365 (a subscription version of Office) and Azure, a cloud computing platform that competes with Amazon Web Services.

These two areas, software and services, have fueled Microsoft's growth over the decades.

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What are some examples of companies that use the line organization structure?

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Asked by Wiki User

Companies that use line and staff organization structure mainly include small businesses. With this structure, they know exactly who to go to for their supervision. Examples would include law offices and local restaurants.

What is an Example of a wholesaler?

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Asked by Wiki User

There are a wide range of instances of wholesalers, contingent upon the business and the items they manage. The following are a couple of normal ones:

Staple Wholesalers: These organizations purchase food and refreshments in mass from producers and afterward offer them to general stores, eateries, and corner shops. Models incorporate Sysco and US Food sources.

Clothing Wholesalers: They buy clothing in mass from producers and exchange them to retail clothing stores. A model could be an organization that purchases clear shirts from a producer and offers them to stores that print specially crafts on them.

Drug Wholesalers: These wholesalers go about as middle people between drug organizations and drug stores, clinics, and other medical services suppliers. They purchase drugs in mass and circulate them to these substances. McKesson is a significant illustration of a medication distributer.

Modern Wholesalers: They supply unrefined components, apparatus, and different supplies to organizations. For example, an organization could have some expertise in wholesaling building materials like wood or cement to development organizations.

Is it wholesaler or wholeseller?

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Asked by Wiki User

The right spelling is distributer.

"Wholeseller" is an incorrect spelling.

What awards did Daniel handler win?

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Asked by Wiki User

Daniel Handler, also known as Lemony Snicket, has won awards such as the American Library Association's Alex Award, the National Book Award for Young People's Literature, and the E.B. White Read Aloud Award for Older Readers, among others. His work has been recognized for its creativity, wit, and originality in the field of young adult literature.

In 'Jason and the Argonauts' what was the name of the skeleton warriors?

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Asked by Wiki User

The skeleton warriors in 'Jason and the Argonauts' were called the "Children of the Hydra's Teeth."

Advantages and disadvantages of line organization?

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Asked by Wiki User

Advantages:

  • Clear chain of command

  • Efficient communication

  • Streamlined operations

  • Disadvantages:

  • Limited specialization

  • Slow response to change

  • Overreliance on leadership

What are the advantages of flexible leadership styles?

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Asked by Wiki User

Flexible leadership styles allow leaders to adapt to diverse situations, personalities, and challenges. They enhance communication, foster employee engagement, and promote innovation. Flexibility enables leaders to respond effectively to changing circumstances, build strong relationships, and achieve better outcomes.

What are the implications of Perception to management?

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Asked by Wiki User

Managerial implication - Organizational Behavior

Perception in business situation:

1) Perception and motivation: perception of the workplace plays a major role in motivation. Suppose an employee is experiencing some unexpected money trouble. Because of her disposition (she is worried) and the salience of money (it is unusually important to her at the moments), she will be especially sensitive to issues of compensation. Through projection, she may assume that everyone in the organization also cares mainly about money. A large pay raise given to another employee will seem frustrating and will intensity her efforts to get a pay raise of her own, focusing even more attention on her own pay, the pay of others, and how they compare to one another.

2) Perception and hiring: hiring new employees can be affected by perception in many ways. Contrast or novelty in the job applicant can affect his or her chances of getting the job. The person doing the hiring may stereotype applicants on the basis of race or sex, or may allow the halo effect to color an overall perception of an applicant.

An interviewer's disposition during an interview or attitudes towards certain of the applicants' attributes can also affect the interviewer's perceptions of an applicant.

For example, a manager, who believes that people should dress professionally for a job interview, is likely to be unimpressed by an applicant who shows up wearing sunglasses and a flowered sports coat.

3) Performance appraisal: the appraisal of a subordinate's performance is highly affected by the accuracy of a manager's perceptions. The major areas of concern in this context are:

Managers may have tendencies to positively evaluate some employees. Because they are better liked, or are on favored tasks, or are particularly noticeable; and

Performance evaluation will be affected adversely because of halo effects,

4) Employee effort: an individual's future in an organization id usually not dependent on performance alone. In many organizations, he level of an employee's effort is given high importance. Just as teachers frequently consider how hard you try in a course as well as how you perform on examinations, so often do managers. An assessment of an individual's effort is a subjective judgment susceptible to perceptual distortions and bias. If it is true, as some claim, that "more workers are fired for poor attitudes and lock of discipline than for lack of ability" , then appraisal of an employee's effort may be a primary influence on his or her future in the organization.

5) Employee loyalty: another important judgment that managers make about employees is whether or not they are loyal to the organization. Despite the general decline in employee loyalty, few organizations appreciate it when employees, especially those in the managerial ranks, openly disparage the firm, furthermore, in some organizations, if the word gets around that an employee is liking at other employment opportunities outside the firm, that employee may be labeled as disloyal and so may be cut off from all future advancement opportunities. The issue is not whether organizations are right in demanding loyalty, the issue is that many so, and that assessment of an employee's loyalty or commitment id highly judgment.

What is a SBU?

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Asked by Wiki User

SBU stands for Strategic Business Unit, which is an independent unit within a larger company with its own business strategy and objectives.

Sample of closing remarks for business meeting?

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Asked by Wiki User

In closing, I would like to thank everyone for their valuable insights and contributions to today's meeting. Let's continue to work together to achieve our goals and objectives. If there are any further questions or concerns, please feel free to reach out. Thank you and have a great day.

What does The most important thing in communication is to hear what isn't being said mean?

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Asked by Wiki User

This phrase emphasizes the importance of paying attention to nonverbal cues, emotions, and underlying messages during communication. It highlights the significance of understanding the silence, emotions, and intentions behind someone's words to fully grasp their message. Effective communication involves being attuned to both spoken and unspoken cues to ensure clear understanding and connection.

What are the Examples of formal and informal network?

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Asked by Wiki User

Formal networks include organizations like a company's official communication channels and professional associations. Informal networks involve relationships outside formal structures, such as friendships at work or connections through social media.

What would be a good greeting to start off a good business relationship?

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Asked by Wiki User

A simple and professional greeting like "Hello [Name], it's a pleasure to connect with you" is a good way to start off a business relationship on a positive note. It's important to show interest, respect, and enthusiasm in your greeting.

How do you use tantamount in a sentence?

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Asked by Wiki User

The CEO's decision to cut employee benefits was tantamount to declaring war on the company's workforce.

How do you decide an appropriate span of management?

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Asked by Wiki User

The appropriate span of management is influenced by factors such as the complexity of tasks, skill level of employees, communication processes, and manager's experience. It is typically recommended to have a span of management that allows for effective supervision and communication without overwhelming the manager or leading to micromanagement. Generally, a span of management of around 5-10 direct reports is considered manageable.

Examples of informal meetings?

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Asked by Wiki User

Informal meetings can include coffee catch-ups with colleagues, brainstorming sessions over a meal, or impromptu discussions in common areas. They are typically more relaxed and flexible compared to formal meetings, allowing for free-flowing conversation and creativity.

I want to enhance my English communication skills which software can help me?

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Asked by Wiki User

There are several apps and software available that can help improve English communication skills, such as Duolingo, Rosetta Stone, and Babbel. These platforms offer interactive exercises, vocabulary building, pronunciation practice, and lessons on grammar and sentence structure to help enhance your English proficiency.

What is the difference between direct and indirect approach?

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Asked by Wiki User

Direct approach involves stating the main idea or purpose upfront, without preamble. Indirect approach involves leading with background information or context before presenting the main idea. The choice between the two depends on the audience and goals of communication.

How do you begin your speech at a formal business meeting?

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Asked by Hlotfy

Beginning a formal business speech is no different than any other speech or presentation.

  1. With a SINCERE SMILE, the speaker should start by courtesly greeting their audience, "Good morning", "Good afternoon", or "Good evening".
  2. Next, the speaker should clearly say their name, i.e., "My name is Charles Boyd." Note: If you aren't a celebrity, or world famous, you should still say your name again, even if you are introduced. Saying your name personalizes you, and affords you some time to focus your thoughts on your speech.
  3. If you are about to begin your speech and you notice and people are still entering the room, or the audience is resettling themselves after a short break, you would do well to not immediately jump directly into your subject matter. A better decision would be to tell the audience how delighted you are to speak to them about an important matter near and dear to your heart, and how you appreciate their attendance for such an important moment. Scan the room while you are speaking and be sure to make eye-to-eye contact with your audience. This action alone will strengthen your confidence and attract your listeners into your message.
  4. Once you are ready to 'officially' begin (the room has settled), you should launch into your speech with passion and conviction. There are precious few moments when it comes to public speaking. To waste any of those moments is to do a disservice to your speech and the audience's time.

So to wrap up: How does one start a business formal speech? "Good morning, my name is Charles Boyd. I'm appreciative of your attendance today. The subject I wish to talk about is very important to me, and by the end of my talk with you, I believe you'll feel the same."

What are the merits and demerits of multinational corporations?

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Asked by Wiki User

Merits: Multinational corporations can bring employment opportunities, technological advancements, and economic growth to a country. They can also facilitate the transfer of skills and knowledge across borders.

Demerits: Multinational corporations may exploit cheap labor in developing countries, contribute to environmental degradation, and have significant political influence that can undermine local governments. They may also engage in profit-shifting to avoid taxes, affecting the host country's revenue.

What is the definition of a controlling partner?

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Asked by Wiki User

A controlling partner is someone who exhibits behavior that seeks to dominate or manipulate their partner. This can include monitoring their actions, dictating their decisions, isolating them from others, and exerting power and influence over their partner's thoughts and actions. This behavior is often harmful and can have serious negative impacts on the partner's mental and emotional well-being.

Four of the most important factors influencing a leadership style?

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Asked by Wiki User

Four important factors influencing a leadership style are the leader's personality, the organizational culture, the followers' characteristics, and the external environment. The leader's personality traits, such as charisma or empathy, can shape their approach to leading. Organizational culture sets expectations for leadership behavior. Followers' characteristics, such as skills and motivation levels, can impact a leader's style. Additionally, the external environment, such as market conditions or industry trends, may require different leadership styles for success.

What r the qualifications of the director in the public and private companies?

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Asked by Wiki User

In both public and private companies, the qualifications of a director typically include relevant industry experience, strong leadership skills, integrity, independence, and a strategic mindset. Additionally, directors are expected to have a good understanding of corporate governance practices, financial acumen, and the ability to make sound decisions in the best interest of the company and its stakeholders.

Can you give a list of metaphors?

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Asked by Wiki User

a heart of gold

a heart of blackness, a mind of skill, a brain of excellence, a heart of pain, A heart of stone
He has the heart of a lion
You are the sun in my sky
You are the light in my life
She is my East and my West, my compass.
You had better pull your socks up
Life is a mere dream, a fleeting shadow on a cloudy day.
Love is a lemon - either bitter of sweet (from Scott)
Drowning in the sea
Jumping for joy
Rolling in dough
Apple of my eye
It is raining cats and dogs
Love is a fragile flower opening to the warmth of Spring
Information travels faster in this modern age as our days start crawling away.
Life has a tendency to come back and bite you in the ass.
A riverboat shall be my horse.
A light in a sea of darkness.
Strength and dignity are her clothing.
A laugh in a sea of sadness.