As most global business struggle with profit maximization, the issue of diversity is steering them in the face where they are mandated by various laws to ensure diversification in their employment process not minding even if all the result oriented employees they would need are from a particular sex or race. Given the fact that correlation does not equal causation, a greater ethnic and gender diversity in corporate business leadership does not mean more profit), but it actually do show that when companies promote within itself diverse leadership management, they tend to be more successful. More diverse companies are believed to be better able to win talented employees and grow their customer base, orientation, decision making, and employee satisfaction, and all that ensures a ripple increasing returns. This therefore suggests that other kinds of diversity such as age, sexual orientation, and experience are also likely to bring some level of competitive advantage for companies that can attract and retain such diverse
With the population growing at a fast rate land for farming is quickly disappearing and the need for more food is quickly rising. This is when the new technologies are coming into play and helping conventional farmers meet the demand. One technology that is making a huge difference in farming today is Genetically Modified Organisms(GMO’s) which is a technology that has been around for years but is always changing to adapt to the ever changing environment. As the food demand is increasing the yields have to increase as well because low yields will not produce the amount the world needs. This high yielding process is helping the world because as Joel Bourne states "High-yield agriculture is already saving 10 million square miles per year of global wildlands" that solves a problem of deforestry.
Additionally, in that period workforce involved in agriculture dropped from 75% to 43% in England, while in France and Germany dropped from 75% to 61-64%. Because of the relation between productivity and urbanisation, England is the leader in terms of the agricultural productivity, with levels twice as high as those in Europe. It is evident that the most important factors in the process are increased productivity on farms and the growth of urban population. However; a question is: which one
In reference to Marks and Spencer, it is essential for organisation before making use of best-in-class benchmarking to measure organisational performance by analysing internal as well as external competition. It can be an integral part for improvement of organisation, however it is a fact that Marks and Spencer could not able to employ all the relevant strategies patented by competitors. But it can help in making appropriate business decisions as management will be aware of all the advantages as well as difficulties that lies in incorporating specific changes. It depicts that role of best-in-class benchmarking data play efficient role in decision making process which is dependent on the business requirements of Marks and Spencer (Shao L. P.,
Alignment Type and Maturity Introduction In today’s world enterprise and business always look for transform IT infrastructure services to gain flexibility and scalability. IT always looks for reducing total cost of ownership and bringing competitive solution for an enterprise success. Business are accepting the fact of IT as crucial department and plays an important role and it is necessary to have a strategy which will improve partnership between Business and IT and prepare an organization to sense and act on frequent changing market dynamics. A strategy should align a business and IT in such a way that it helps a company to grow and will transform a processes and IT infrastructure. A strategy can be plan through planned framework and
These inclusions will help the team prioritize various issues in the team, sort them to categories, and discuss ways to solve actual problems and prevent potential problems. Disadvantages of Doing Operational Reporting While operational reporting can be advantageous in a number of ways, there are also times in which it can be a disadvantage to the team. First is the cost operational reporting brings to the team, especially start-up teams or businesses. These teams do not have adequately high funds yet and doing the operational report can add to their expenses. Another issue in doing reports is the use of the power of the internet in sending the report.
“The important thing about outsourcing or global sourcing is that it becomes a very powerful tool to leverage talent, improve productivity and reduce work cycles,” Azim Premji. This article will discuss the benefits and reasons for a company to outsource, backsource, and offshore a business process or service. It will also briefly discuss disadvantages of each category and outline how to avoid and mitigate failures. Outsourcing is a business practice that could make or break the company. It refers to the way in which businesses delegate their services or processes to an outside company.
Economic growth is driven by innovation, led by young entrepreneurial firms, where financing of these firms can be difficult because of moral hazard and asymmetric information. Venture capitalists are the specialists at solving these problems, connecting entrepreneurs who have ideas and technology with investors who have money. Ensuring funding for innovative firms has positive externalities on the economy, so it makes sense for governments to promote an active venture capital market. However, there is an argument for supporting the venture capital markets starting from standard macroeconomic theory: capital and labor should be available to produce output. How capital and labor are combined is central to how much output is produced.
Food Processing in India Introduction Food processing industry in India is a sunrise sector that has gained prominence in the recent years. India is the second largest producer of food after China in the world, it has the potential of being the major in food and agricultural sector. Food processing industry is one of the biggest industry is India. Food and food products are the highest consumption category in India, with spending on food accounting for nearly 21% of India’s GDP and market size of $181 billion. The Indian domestic food market is anticipated to grow by $344 billion by 2025.