Understanding organizational culture and leadership styles are the key to a successful organization. When an organization has an influential culture, three things happen. Firstly, employees know how top management wants them to respond to any situation. Secondly, employees believe that the expected response is the proper one. The relationship between organizational culture and leadership ensures …

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M1S-Supply and demand curves in BUS530-Managerial economics guide managers in decision-making relating to the firm’s customers, competitors, and suppliers. Managerial Economics helps in enhancement of analytical skills, assists in rational configuration as well as the solution of problems. Additionally, the concept of elasticity in economics is present in economic theory, which constitutes the theory of …

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The processes of product development and product innovation must incorporate QA standard processes. Maintaining a QA standard process in a product development scenario is very crucial and essential. Additionally, the methods for maintaining QA Standards include the waterfall model, the Agile Test framework, the rapid action model, and the v- model. Product innovation technology is …

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The role of tourism and the impacts of tourism development on the environment is an issue that needs addressing. The tourism phenomenon, which itself is a socio-cultural phenomenon, refers to the mobility of people. Experience has proved that tourism always involves economic, environmental, and social impact. The impact of tourism on wildlife is mainly on …

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State the setting for your study? Suggest two different ways to recruit your study population. Discuss the benefits and limitations of each approach and decide (with justification) which one to implement in your study? This research was conducted at a tertiary care hospital in Karachi, the capital of Sindh, in Pakistani. The study involved the …

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Nowadays, many companies engage in diversity and inclusion to build high-performance teams. There are numerous advantages of promoting and implementing these initiatives. Inclusion enhances communication, trust as well as high performance. High-performance teams are essential for project and product design and engineering activities. However, many managers face the challenge of how to build inclusive teams. …

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This research paper focuses on the Cuban revolution and the theory of Marxism. Cuba’s experience of socialism has its specific characteristics, most of which are in the nature of historical events. Also,  after Batista’s coup, Castro decided to approach the dictatorship by using Marxism. This led to the revolution. Before 1959, socialism in Cuba brought …

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Managing international employees has some challenges to it that require coming up with modern solutions. Just like your in-house team, employees based overseas want to feel valued and are part of your organization. Ongoing communications and transparency are essential in making these remote workers genuinely feel they are part of the team. Solutions to this …

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Tourism risk management and hospitality risk management ensure that guests remain safe and operations run smoothly. Tourism companies are increasingly facing incidents that involve risks for both travellers and the tourism industry. These events can have a tremendous negative impact on tourism destinations. Besides, the damage to a destination’s image may have even longer-lasting effects …

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The article covers the EC116 characteristics of capitalism and advantages of capitalism for countries that abide to capitalistic principles. Capitalism is an economic system where private entities own the factors of production. The four elements are entrepreneurship, capital goods, natural resources, and labor. Also, the owners of capital goods, natural resources, and entrepreneurship exercise control …

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