Category: Uncategorized
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EFE Matrix analysis or External Factor Evaluation Matrix analysis is used in the strategic analysis of the external environment of a business organization. Specifically, it is used to identify and analyze an organization’s threats and opportunities. In other words, EFE matrix analysis is used in the evaluation of an organization’s external environment to determine the…
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Total quality management, TQM, is currently recognized as an essential management tool that helps organizations to efficiently harness their human and material resources in order to achieve their end objectives (Poornima, 2009). TQM views the firm as a collection of its processes and aims to achieve continuous improvement by building the capacities of both workers…
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Six Sigma Model is defined as a fairly new management strategy that organizations have started applying to their processes to improve performance with the core objective being cost reduction, product improvement, meeting customer expectations, and increasing revenue. This initiative applies a systematic result-oriented methodology that is tailor-made for businesses to achieve improvements in process variation,…
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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…
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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…
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In a bid to win clientele and build a loyal client base, multinational cosmetics companies like L’Oreal have continued to, aggressively, create new and exciting products for their clients. The rush for the market share has been so aggressive that in 2017 alone, L’Oreal filed for close to 500 patents and invested in excess of…
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This report describes a study on extrinsic employee motivation and employee performance, which specifically analyzed the value of training, salary, and promotion in enhancing employee performance. The study utilized a systematic literature review method of collecting secondary data from relevant, previous studies on the topic. The data obtained in the study was analyzed quantitatively and…
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This report describes the study made on how reward systems affect staff retention in higher education systems. The aim of the study was to review ways in which higher education systems use reward systems to improve their employee retention. In order to gain a clear insight on the topic, varied literature sources were studied. This…
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A sense of empowerment has been attained in regards to my comprehension of the human resource management discipline, more so the topic of employee motivation and retention. As I wind up on my final studies in the course, I can reflect so much on the skills gained during this period.The choice of topic for this…
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It is undeniable that the oil and gas industry is the largest and most crucial industry in the world. An important issue for the continued growth of this crucial sector is the development and implementation of legal policies that can further streamline the oil and gas industries. These should touch on legal tussles that range…