Sunday, December 29, 2019

Environmental Uncertainty and Organizational Structure a...

Environmental uncertainty and organizational structure: a product management perspective Article bySteven Lysonski, Michael Levas, Noel Lavenka This Lysonski et al.’s article focuses on how an organizational structure may affect the product manager -level marketing. The article is about how a firm’s structural elements can affect the marketing effort at the product manager level. It asks if the firms take into account the uncertainty of the environment while planning their product-marketing organization structure. Nowadays organizational environment is changing rapidly, and in the future the changes will be even faster. Many marketing plans will fail because of this uncertainty. Marketing organization structure should be flexible†¦show more content†¦Critique First my opinions concerning to survey. I think it is always problematic to make this kind of questionnaire because every human has one’s subjective feeling about thing so I think for example the question â€Å"How often are you certain that a product related decision is a correct one?† is very broad. People can perceive it in many different ways. And anyhow, in decision making, some people are of course more uncertain than others. So the personality should be taken into account as well. Results In my opinion it is very logical that when it some uncertain situation and people are not so sure about their decisions, it is easier to share the authority. It gives managers more space in the situation that everything goes wrong. This survey was only made for managers working in companies in USA. If there have been product managers also from Europe, Asia and other parts, I think the results would have been different. In my opinion in USA the marketing has often the â€Å"first† role in company, but for example in northern Europe engineering is more valued. I think this would have changed at least the result concerning product managers’ authority. â€Å"The means for the formalization score indicate that under conditions of high environmental uncertainty there seem to be significantly fewer rules and procedures for product managers.† I think this is pointing to the fact that the uncertain times there is no choice but to change the rules in some cases. I willShow MoreRelatedEssay on Structure Culture in Organizations892 Words   |  4 PagesImpact of Structure and Culture on an Organization High tech companies Oracle, Apple, Google, and Facebook have varying degrees of organically functioning organizations. How the organization opts to structure teams and the degree to which it fosters cross-team collaboration plays a significant role in employee satisfaction. A review of Oracle’s history and structure from the perspective of a current employee offer insight to the internal challenges a company must address both ethically and legallyRead MoreMarketing Micro and Macro Environmental Factors1669 Words   |  7 PagesMacro and micro environments both fall into the categories of environmental scanning. The general scope of environmental scanning is that it is a component of global environmental analysis. While analyses are typically carried out on the macro environment, the micro environment still has an important role to play. In summary, the macro environment is involved with the industries, companies, markets, clients and competitors, while the micro environment can be represented by the suppliers, competitorsRead MoreContingency Planning: there is no one best way2022 Words   |  9 PagesWar the managerial formalism was still the dominant view of organization and management. The previous management theories which were dominating the view of the organizations and management that created by the classical management theorists, such as Weber s  bureaucracy  and Taylor s  scientific management. Frederick Taylor, Industrial Engineer and the American classical theorist, who has coined the scientific management term. Taylor was refereeing to the study of work processes for the purpose ofRead MoreAdopting New Technologies for Supply Chain Management10984 Words   |  44 Pages(2003) 95–121 www.elsevier.com/locate/tre Adopting new technologies for supply chain management Kirk A. Patterson a, Curtis M. Grimm b, Thomas M. Corsi a c,* c Department of Operational Sciences, Graduate School of Engineering and Management, Air Force Institute of Technology, USA b Robert H. Smith School of Business, University of Maryland, College Park, MD 20742, USA Supply Chain Management Center, Robert H. Smith School of Business, University of Maryland, College Park, MD 20742Read MoreStrategic Management, Its Phases and Useful Concepts for the Formulation and Implementation of Value-Oriented Corporate Level Strategy6710 Words   |  27 PagesStrategic Management, its Phases and useful Concepts for the Formulation and Implementation of value-oriented Corporate Level Strategy Final Paper Strategic Management Department of Business Administration of SHANDONG UNIVERSITY [pic] written by: Priscila de Oliveira Vieira 2012.01.09 Table of Contents 1 Introduction 3 2 Origins of Strategic Management 4 3 Phases and Concepts 6 3.1 Goal-setting 6 3.2 StrategicRead MoreExecutive Summary : Levis Strauss 4444 Words   |  18 PagesUnit Codeï ¼Å¡BSBFIM601A Unit Nameï ¼Å¡ Manage Organizational Change Student Nameï ¼Å¡Chan Chung Wai Student IDï ¼Å¡TEDI2849 EXECUTIVE SUMMARY: Levis Strauss has been one of the world’s most successful brands in the fashion industry but is now subject to a falling market share and is no longer meeting the demands of its external environment. Levis leadership is ineffective and the approach taken to resolve its problems is futile, capital intensive and does not produce any results. The organizationRead MoreAnalyzing The Environment Of Public Organizations Essay1777 Words   |  8 Pagescontent that had been covered in chapter two of the book. Organizational environment, as described in chapter two, is one of the most important concepts that are analyzed in relation to the study of management and organizations. It is clear that a little emphasis was given to an organization’s environments or its managers’ responses to the insights made by the early contributors to the study of organizations as they concentrated on structures. Limited attention was given to certain aspects of peopleRead MoreInnovative Electronics—an Integrative Case Study2891 Words   |  12 Pagesand economic development, the importance of the organizational context is increasingly recognized by people. The context of an organization is represented in or shaped by the structure of the organization (Glushko, 2008). Organizational structure is used to describe the order of v arious parts of organization, contact information and the interrelationships between the various elements (Robbins, 1990). Simply speaking, organizational context and structure show how the organization is organized. This essayRead MoreOrganizational Theory and Designs3756 Words   |  16 PagesCHAPTER 1: ORGANIZATIONS AND ORGANIZATIONAL EFFECTIVENESS 1 PART 1: LECTURE OUTLINES CHAPTER 1 ORGANIZATIONS AND ORGANIZATIONAL EFFECTIVENESS TEACHING OBJECTIVES 1. To define an organization and explain how it creates value in three stages: input, conversion, and output. (1.1) 2. To discuss why organizations exist and how they achieve goals collectively. (1.1) 3. To describe organizational theory, how organizations function, and relate to organizational structure, culture, and design. (1.2)Read MoreYmca London, Ontario2205 Words   |  9 PagesYMCA Management Project (45%) Objective * Understand the meaning of key terms that are commonly used in management * Identify many of the variables that shape business decisions and management practices in organizations. * Demonstrate critical thinking in resolving organizational challenges. Deliverables Friday midnight, April 12– Planning Package and Team Charter April 22 – April 26 - Draft version of written report. Wednesday midnight May 15 - Final version of written report.

Saturday, December 21, 2019

The Theory Of The Capital Structure - 8603 Words

The theory of the capital structure is an important reference theory in enterprise’s financing policy. Whether or not an optimal capital structure exists is one of the most important and complex issues in corporate finance. How an organization is financed is of paramount importance to both the managers of firms and providers of funds. This is because a wrong mix of finance is employed the performance and survival of the business enterprise may be seriously affected. Though the literature teens with several studies on the effect of debt financing and its capacity to accelerate growth, the factors that affect capital structure of quoted companies in United Kingdom manufacturing industry as it affect the financial performance are yet to be documented. Theoretical postulation also abound in the literature on the influence of firms’ characteristic such as size, asset structure, age, growth etc. the finding of some empirical work were in agreement with some were at variance to each other. However no empirical evidence has study the impact of capital structure on the quoted selected manufacturing industries in both developed and developing country like United Kingdom. Objective of the study The board objective of the study is to examine the impact of capital structure on firm performance of some selected manufacturing companies in United Kingdom. Other specific objectives are to: Analyse association between capital structure and firm profitability of listed general retailer inShow MoreRelatedTheories of Capital Structure1053 Words   |  5 PagesAssignment: Capital Structure PART A 1. Apple Corporation has 2.5 million shares outstanding with a market value of $2.00 each (expected return = 16%) and debt with a market value of $1, 000,000 and a return of 10% Required a. What is the return on the capital of Apple Corporation? [Show all workings and formulae) [7.5 marks] 2. Samsung generates pre-tax earnings of $2,000,000 per year. Currently it has issued 1 million shares which sell for $10 each. Samsung has no debt inRead MoreCapital Structure theories2159 Words   |  9 Pagesï » ¿Capital Structure Theories Capital Structure Capital Structure is the proportion of debt, preference and equity capitals in the total financing of the firm’s assets. The main objective of financial management is to maximize the value of the equity shares of the firm. Given this objective, the firm has to choose that financing mix/capital structure that results in maximizing the wealth of the equity shareholders. Such a capital structure is called as the optimum capital structure. At the optimumRead MoreTheory of Capital Structure14250 Words   |  57 PagesTheory of Capital Structure - A Review Stein Frydenberg £ April 29, 2004 ABSTRACT This paper is a review of the central theoretical literature. The most important arguments for what could determine capital structure is the pecking order theory and the static trade off theory. These two theories are reviewed, but neither of them provides a complete description of the situation and why some ï ¬ rms prefer equity and others debt under different circumstances. The paper is ended by a summary where theRead MoreCapital Structure Theory Essay1198 Words   |  5 Pagesï » ¿Caleb Johnson Capital Structure Theory Working Capital Management Dr. Woodward 10/14/14 Capital Structure Theory Part a. (Capital Structure) Capital structure is very important. Not only does it influence the return a company earns for its shareholders but can also be a determining factor on whether or not a firm survives a recession. A company’s capital structure is a mix of their short-term debt, long-term debt, and equity. A firm’s capital structure is the way the firm finances all of itsRead MoreTheories of Capital Structure Essay1163 Words   |  5 Pages2. Literature Review: Capital structure is termed as an important area in financial decision making. It has relationship with other variables of financial decisions. Capital structure is composed of debt and equity capital that is used by the organizations to run its operations. The debate on capital structure has been started after provision of theory of Irrelevance by Modigliani and Miller. Modigliani and Miller (1958) concluded that financial leverage has no affect the market value of firm.Read MoreA Study On Capital Structure Theory Essay1997 Words   |  8 PagesLiterature Review Capital structure theory has long been a controversial issue in the finance literature. The two Novel laureates, Franco Modigliani and Metron Miller (here after called M-M) were the first to present a formal model in 1958 on valuation of capital structure in corporate finance theory and is still the cornerstone of modern corporate finance. MM were the first to take a sharp look at the relationship between Capital Structure and the cost of capital. In their seminal papers (1958Read MoreCapital Structure and Agency Theory2813 Words   |  12 Pagesdecisions, the optimization of capital structure has a great influence on the performance of the companies, for a reasonable capital structure can decrease the financing cost, take advantage of the financial leverage and play an important role in corporation governance. Given the importance of capital structure, this essay will firstly discuss the ways that capital structure affects corporation value, then it will introduce the influencing factors of capital structure and how to effectively manageRead MoreModigliani And Miller s Capital Structure Theories2536 Words   |  11 PagesModigliani and Miller s Capital Structure Theories The Modigliani-Miller theorem is the basis for modern thinking on capital structure. The basic theorem that, under certain market process (the classical random walk), in the absence of taxes, bankruptcy costs and asymmetric information, i.e., in an efficient market, the value of a company is not affected by the way the company is financed. No matter whether the capital of the company is obtained with the issue of shares or debt. No matter what theRead More Critically assess the Pecking Order Theory of Capital Structure1767 Words   |  8 PagesThere is no universal theory of the debt-equity choice, and no reason to expect one. In this essay I will critically assess the Pecking Order Theory of capital structure with reference and comparison of publicly listed companies. The pecking order theory says that the firm will borrow, rather than issuing equity, when internal cash flow is not sufficient to fund capital expenditures. This theory explains why firms prefer internal rather than e xternal financing which is due to adverse selection, asymmetryRead MoreAnalysis of Trade-Off and Pecking Order Theory on Companys Capital Structure2615 Words   |  11 Pageshas a growing concern whether pecking order or trade-off theory can give better determination on firms’ â€Å"optimal† capital structure in different scenarios. In trade-off theory, it helps to determine the debt proportion and maintain optimal balance in order to maximise company’s market value. However, pecking order theory promotes that companies tend to issue debts when company has internal financial deficit or deviation from target capital leverage. Hence, it shows mixed evidences such as Shyman-Sunder

Friday, December 13, 2019

The Affects of the Media on Society Free Essays

The term media can be defined as a wide variety of things. For the purpose of this paper, it will be defined as the American Heritage Dictionary defines it; as â€Å"†¦an agency, by which something is accomplished, conveyed, or transferred† (2000). The We will write a custom essay sample on The Affects of the Media on Society or any similar topic only for you Order Now com/todd-gitlin-summary-on-media/"media’s role in society is an extremely prevalent topic especially in today’s day and age. The media has continuously been used as a scapegoat for the lack of other excuses for abnormal behaviors in America’s teenagers. This was obvious with the April 1999 shooting at Columbine High School near Denver, CO. The media is the easiest and most common thing to blame for teen’s behavior. Their video games, their music, everything that they listen to or watch on their own time is to blame for their behaviors, rather than poor parenting, lack of support at school or lack of noticing on anybody’s behalf that something was wrong with these two boys. Columbine is the number one instance that pops into our minds from recent memory when we contemplate the notion of media affecting our society and our societal behaviors. It was taken to the point that Marilyn Manson was being interrogated in regards to how he felt about the massacre. Parents, teachers and community members alike all believed that his music had a major influence on Eric Harris and Dylan Klebold, the two gunmen, and their actions that day in April. To this day, it is still a widely debated subject as to what caused these two teenagers to kill twelve of their classmates and one of their teachers before killing themselves. As far as teen behavior in general goes, it is common that society blames the media for the actions of the youth even when they as a society are the ones that create the media and the guidelines for it to be presented to the youths. Video games are the main thing that society is blaming, but television shows such as â€Å"Jackass† and â€Å"Viva La Bam† are holding their own in the lineup of things to blame. Teenagers are in a moldable, mutable state in the first place without being influenced by images of idiocy and lack of respect for everything. Thus, the reason behind why parents are putting their foot down in regards to video games such as â€Å"Vice City† and the recent â€Å"Super Columbine Massacre RPG!† The creators of the video game â€Å"Super Columbine Massacre RPG!† are not just sitting back listening to the criticism of their game. They have something to say about the reason it exists in the first place. They say â€Å"†¦This game is intended to deepen the understanding of the shooting and its possible causes. What the player takes out of it is ultimately dependant upon what the player puts into it† (Ledonne, 2005). It is easy to blame video games for abnormal behaviors, but in reality, people are just indirectly blaming themselves. Society demands a certain type of media, and so, that is what they get. They get a game full of violence, killing, stealing cars, etc. All because that is what society is begging the video game industry to produce whether they know it or not. This is not to say that there are teenagers out there that are indeed being influenced by this craze that has swept the nation in recent times. According to an article on the SADD (Students Against Destructive Decisions) website, in Sarasota, Florida apparently â€Å"†¦Influenced by the movie Jackass, three trespassing teens leap[t] from atop a condominium building aiming for the pool. Two ma[d]e it. One hit[] the side, fracturing both legs and an arm and cracking his pelvis†¦.† (Wallace, 2003). Although it is easy to claim that the media, such as video games and television, has a minor affect on teens in today’s society this is not always true. There are always going to be those few kids that think it would be fun to do what they see on TV or on their videogames. Overall, when all media, including video games are taken to account, it is fairly clear that although we cannot completely blame the media for the actions of teenagers in America, we can blame it for a lot of what they do. A teenager’s main goal in life is to be cool. Simple, clear cut. They just want to be part of the cool crowd. So what do they do? They look to things that the cool crowd watches, wears and how they act. They then try to mimic these things in a futile attempt to become cool. Sometimes, teens get out of hand, and things such as the kids in Sarasota, FL happen. It is only then that we realize how much of an influence the media does indeed have on us, and not just us but our posterity as well. Citations (2000). Medium. Retrieved February 12, 2007, from The American Heritage ® Dictionary of the English Language: Fourth Edition Web site: http://www.bartleby.com/61/51/M0195100.html Ledonne, Danny (2005). Super columbine massacre RPG!. Retrieved February 12, 2007, from Super Columbine Massacre RPG! Web site: http://www.columbinegame.com/ Wallace, Stephen G (2003). Short Circuit. Retrieved February 13, 2007, from SADD:Students Against Destructive Decisions Web site: http://sadd.org/oped/short.htm How to cite The Affects of the Media on Society, Essay examples