Understanding Management: Organizations, Resources, and Systems
Understanding Management
Why Study Management?
Management plays a crucial role in today’s society.
- For those aspiring to administrative or managerial positions, management provides the knowledge to be more effective.
- For those not in administrative roles, it offers insight into how organizations function and how leaders behave.
The Concept of Organization
What is an Organization?
An organization is a systematic agreement between people to achieve a specific purpose, such as colleges, universities, churches,
Read MoreOrganizational Buying Process: Stages and Factors
What Constitutes the Buying Process Within an Organization?
The procurement process within an organization involves specifying its requirements for goods and services, comparing vendors, negotiating with them to agree on terms, holding contracts, and placing orders.
What Affects a Good Purchase?
Good purchasing management affects the quality and safety of service to customers, the cost of materials, and the funding the company gets from its providers as a result of postponing the payment of supplies.
Read MoreSpain’s Railway Construction: A Historiographical Analysis
Railway Construction in Spain: A Historical Analysis
This text presents a historiographical analysis, interpreting the reasons behind the appropriateness of analyzed events. The author, Gabriel Tortella, focuses on railway construction in Spain, critiquing the economic and political characteristics of its development and their contribution to Spain’s economic progress.
Following the European reformist line of Enlightened Despotism, several factors hindered progress, including the impact of the War
Read MoreCompetitive Strategies: Offensive, Defensive, and Quick Response
Defensive Strategies
Reducing the risk of an attack by a competitor to the company. It increases the competitive advantage, strengthens, and preserves it.
Ways to Protect Competitive Advantage:
- Impede the actions of attackers by:
- Expanding product line and occupation of gaps.
- Signing exclusive agreements with suppliers or reduced price distributors.
- Maintaining similar products to the competition, etc.
- Counteroffensives against competitor launches an attack: In order to deter competitors from carrying
Understanding Vertical Integration and Internationalization
Vertical Integration
Vertical Integration is when a company gets involved in more parts of the production process. It either becomes its own supplier or its own distributor/customer.
Types of Vertical Integration:
- Backward (upstream) integration: This happens when a company starts making its own supplies or raw materials. For example, if a car manufacturer starts producing its own car parts.
- Forward (downstream) integration: This happens when a company starts controlling the distribution or selling
International Business: Causes, Stages, and HR Management
Causes of Internationalization
- Increased sales: Access to a larger number of customers and increased purchasing power.
- Acquisition of resources: Obtaining products, services, capital, and technology.
- Diversification of sales and supplies: Prevents and reduces fluctuations and changes in price.
- Minimizing competitive risk: Reduces the competitive advantage of competitors.
Why are International Businesses Proliferating?
- Rapid growth and expansion of technology (fax, internet, e-mail, transport, international