Online Emotional Intelligence Test An Tool Or Method For...

Q.1 Use one appropriate tool or method to identify your own strength and weakness. Online emotional intelligence test: Self-Awareness Self-Management Social-Awareness Relationship Management 6 6 9 7 a) Self-Awareness:- According to emotional intelligence test I have good self –awareness. Self-awareness is the ability to understand how emotion effect to our mood on others. A good self-awareness shows your self-confidence, have a realistic sense of their abilities and your interest with them. b) Self-Management:- Online emotional intelligence test reflects that there is a space to improve my self- management skills. Self –management help us to setup the goals for future, developing your motivation and concentration skills will help you to overcome the lure of procrastination. c) Social-Awareness:- online test illustrates that I have perfect social-awareness. Social- awareness is understand others feelings and emotions. It’s necessary in business for understanding needs of client and customers. d) Relationship management:- According to intelligence test I have a good knowledge about the relationship management. Relationship management mean practice, strategy and techniques to manage relation with others. If you are a good businessman you should know that it is very hard to attract new customers rather than to maintain relation with the regular customers. Q.2 identify two instance where you have felt stressed or experienced a negative emotionalShow MoreRelatedThe Best Means Of Hiring And Testing New Employees1454 Words   |  6 PagesIntroduction For many years companies have depended on three basic tools, such as rà ©sumà ©s, interviews and references to gather qualified candidates. These sources are commonly used in a day to day basis but have proven to be inadequate for consistently selecting good employees. 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I I I C ase analysis is one of the most effective ways to learn strategic management. It provides a complement to other methods of instruction by asking you to use the tools and techniques of strategic management to deal with an actual business situation. Strategy cases include detailed descriptions of management challenges faced by executives and business owners. By studying the background andRead MoreSample Letter Btec Level 4 Hnc Business10004 Words   |  41 Pagespurchases online rather than travelling to a store or the other way round. Promotion includes the activities which communicate the merits of convincing target consumers to purchase the product. â€Å"It is crucial that the promotion is to be carried out in a more personal way, people to people† (Kotler and Armstrong 1999). 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Michael Jordan And The Basketball Team - 1186 Words

SBMG 10023 FAMOUS ENTREPENEUR Michael Jordan Prepared for Rob Belchior Prepared by Armend Kozmaqi #00358047 Johnathan Souvoravong #000350111 February 10, 2015 Michael Jordan Michael Jeffrey Jordan was born on February 17, 1963 in Brooklyn, New York, he is the son of Deloris, who worked in banking, and James R. Jordan, Sr., who was an equipment supervisor. When Jordan was a toddler his family moved to Wilmington, North Carolina. There Jordan attended Emsley A. Laney High School and became avidly involved in a multitude of extracurricular activities such as baseball, football and basketball. However after being cut from the varsity basketball team as a sophomore (as he was deemed too short at 5 11 to play guard) Jordan became immensely frustrated with his failure to join the team, as a result Jordan was strongly motivated and determined to prove his worth to the basketball team as he worked rigorously over the summer to prepare for next year’s try outs. Incredibly he would go on to grow another four inches over the summer and make the team with ease as he earned a starting spot on the team and became a high school sensation dominating the landscape of high school basketball. In his final year as a senior he was selected to the McDonald s All-American Team and became an extremely coveted star by some of the nation’s best basketball Colleges such as Virgina, Syracuse, South Carolina, North Carolina and Duke. Jordan decided to accept a scholarship to NorthShow MoreRelatedMichael Jordan 231541 Words   |  7 PagesMichael Jordan is a very famous personality and almost everybody knows him. Jordan goes beyond the basketball world because some people know him even without knowing a thing about basketball. Michael Jordan has a variety of products in market that many people like because of their texture, style, authenticity and models and because it is Michael Jordan. 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Snowboarding History Free Essays

As the excitement of fall winds down, many people fall into a depression. The leaves are gone, the woods are desolate, and the chill of winter air has crept upon us. While most people find this sad, I find it exciting! Why? Because it is time for my favorite sport, snowboarding. We will write a custom essay sample on Snowboarding History or any similar topic only for you Order Now Snowboarding’s a new, challenging sport that’s attracting new fans from all around the world. It has really changed since it was first invented. It’s become one of the largest and fastest growing sports in the world. Everywhere, people, including myself, are waiting for the snow to get a chance to go snowboarding. Snowboarding is the cross between surfing and skateboarding. Snowboarding use to be known as a child’s story, but now has evolved into a great sport. Since it was first invented, it has changed from a child’s sport to a new competitive sport that is great for both men and women. Some people saw snowboarding as an alternative to skateboarding, skiing, and surfing. People who could not afford to buy surfboards, like Jake Burton, used snowboarding as an alternative. Skateboarders saw snowboarding as a new sport that they could make their mark on. Nobody knows who truly invented the first snowboard. But in 1929, M. J. â€Å"Jack† Burchett invented one of the first snowboards. He used clothesline and horse reins to secure a piece of plywood to his feet. Thirty years later, Sherman Poppen, a chemical gases engineer invented â€Å"The Snurfer† as a toy for his daughter. He made the â€Å"snurfer† by bounding two skis together and putting a rope at the nose, so that the rider could hold it and keep it stable. Poppen licensed his idea to manufacturer when his daughter’s friends wanted a â€Å"snurfer† too. In 1966, â€Å"the snurfer† sold over a half million times. In 1979, Poppen left the snowboarding business after Jake Burton came up with the bindings and went back to his old profession. Jake Burton, another inventor of the snowboard, became interested in snowboarding after taking part in Poppen’s â€Å"snurfer† competitions that were organized by Poppen. His parents wouldn’t buy him a surfboard so riding the â€Å"snurfer† was a new and cool thing to do. In 1977, after he finished college, Burton moved to Londonderry, Vermont to make different types of the Snurfer. He made his first board out of laminated hardwood. In 1979, while at a Snurfer competition, Burton shocked everyone by using his new board that had the first binding. It made a big difference that allowed him to control the board and made it easier to beat the other riders. In 1969, Dimitrije Milovich, after he got the idea from sliding down a hill on a cafeteria plate in college, started making snowboards. His snowboards were based on surfboards combined with the way skis work. In 1972, he started a new company called â€Å"Winterstick†. He produced lots of snowboards and even got articles in magazines like, â€Å"News Week†, â€Å"Playboy†, and â€Å"Power†. In 1980, he left the snowboarding business, but was still known as a very important pioneer of the sport. At the same time that Jake Burton was producing his snowboards Tom Sims produced his first snowboards in 1977. Sims was an avid skateboarder who made a â€Å"snowboard† in a junior high school shop class. He made his out of carpet wood and aluminum. He glued some carpet to the top of a piece of wood and put an aluminum sheet on the bottom. He started making snowboards in 1977 in his garage with his friend and employee Chuck Barfoot. Barfoot actually made the boards and came up with the â€Å"Flying Yellow Banana†. It was a skateboard deck on top of a plastic shell with skegs. During 1980 Sims signed a skate-snowboarding deal with a big company called Vision Sports. Signing the deal helped Sims get out of his financial problems, but his friend Barfoot, was left out and tried to go into business for himself. He couldn’t compete with big competitors like Sims and Burton. The first modern competitive snowboarding contest took place in Leadville, Colorado in 1981. Then snowboarding competition took off from there and became worldwide. In 1982, the first national snowboarding race was held in Suicide Six, outside of Woodstock, Vermont. Because of the conditions of the hill, the goal of the race appeared to be mostly just surviving the race. The race was on a steep icy downhill run called â€Å"The Face†. Paul Graves put it on and Tom Simms and Jake Burton competed. Doug Bouton won first place overall. This race marked the last time that snowboards and snurfer’s raced together. In 1983, Jake Burton puts on the national snowboarding championships in Snow Valley. A couple of months later Tom Sims holds the inaugural World Snowboarding Championships at Soda Springs Ski Bowl in Lake Tahoe. That contest featured the first contest with a half pipe. In 1986 the World Snowboarding Championships moved from Soda Springs to Colorado. In 1986, a new European snowboarding generation launched. Then the Europeans began to organize their own regional events like the Swiss Championships in St. Moritz. In 1987, a group of riders and manufacturers formed the N. A. S. B. A. (National Association of State Boards of Accountancy) whose main goal was to create a unified World Cup tour with the Europeans. In 1988 N. A. S. B. A. got its wish and the first world cup was held in both Europe and the United States. It was the most expensive snowboarding contest ever. In 1994 everybody was happy because s nowboarding was declared a Winter Olympic sport. It was finally accepted as a real competitive sport and was first seen in the 1998 Olympics in Nagano, Japan. How to cite Snowboarding History, Papers

Woolworths Limited Strategic Implementation -Myassignmenthelp.Com

Question: Discuss About The Woolworths Limited Strategic Implementation? Answer: Introduction Woolworths Limited in the year 1931 opened its door to the public in the Cape Town of Australia. The founder of Woolworths Limited is Max Sonnenberg. The Company is having an extensive interest in retail throughout the countries such as Australia and New Zealand. It is regarded as the second largest company in Australia in terms of revenue after the retail based market Conglomerate West Farmers. The main operations of the company incorporate supermarkets (Woolworthsgroup.com., 2017) The important stakeholders and players of the Woolworths Limited are employees, customers, shareholders, suppliers, government, franchisee, unions, media organized business, interest groups and community groups and other non- governmental organizations. The recent changes in the Woolworths organization are the private changes in label, which is a response to the popularity of Aldi where the company is struggling with the decreasing growth of sales. The recent performance of Woolsworth is to catch up with Coles with its turnaround plan where the supermarket is trying to close the gap with the Coles supermarket in the financial year of the first three months. It has maintained its trading performance till now and continue to rise in future (Woolworthsgroup.com., 2017) External Analysis of Woolworths Political: Woolworths is an important organization, which is fulfilling the demands of the customers through the different outlets of retail (Gupta, 2013). The countrys political environment is associated with the organizations performance and the retail based companies which are affected out of the political climate. The political conditions in the country shapes the environment of the business which is providing the organization with a better growth opportunities The political disturbances also discourage the investors and business from entering the market. Since the functioning of the company is more or less stable, it would reduce the risk of the business (Woolworthsgroup.com., 2017; Koumparoulis, 2013). Economic: The economical factors such as recession and unemployment at a higher rate has a stronger effect on the financial performance of the entity of business as both the above mentioned factors would lead to the growth of lower sales which is finally causing the decline in the financial level. A decline in the economic condition has been pointed out due to the crisis in the global finance, which also lead to close its operations in United Kingdom. For instance, the retail industry of Australia maintained in the other parts of the world, continuing its operations despite it suffered a setback in the market of United Kingdom (Woolworthsgroup.com., 2017; Gupta, 2013). Social: Customers are regarded as the important source of revenue for the entity of business. Thus the needs identification of the targeted market and a plans development focuses on the accomplishments of those who needs are essential for the profitability based on sustainability. The company is also looking forward to indicate the shift towards healthy eating, other than offering lowest price on the different types of item. Technological: In terms of the factors of technology, the newer types of technology such as increasing the experience of shopping of the buyers, which comprise of the core area for the retail organizations. The usage of RFID has been the important part of the retail stores, which renders help to the inventorys management by keeping the availability of stock in the visitors of stores. The company has also taken the service oriented architecture to run its operations, which is focusing on the support to technology while supplying the different items across the outlets of the retail stores (Woolworthsgroup.com., 2017; Gupta, 2013). Porters five forces Bargaining powers of suppliers: As the Porters five forces stated that if there are higher numbers of suppliers, stronger the suppliers are. Therefore, to take into account the business of Woolworths particularly the Safeway super markets, whose dependence is low on the suppliers, which means the suppliers bargaining power is weak. The main reason behind this is that about the amount of marketing share of the retailing in both New Zealand and Australia (Woolworthsgroup.com., 2017; Dobbs, 2014). Customers bargaining power: The maximum customers of Woolworths are the buyers who are individual but have strong power of bargaining and that is why the low priced products is one of the important strategies of the company. New Retailers threats: The threats of new entrants are significant due to a number of reasons. Firstly, setting up stores and providing excellent quality, bringing the supermarket in competition with Coles. Moreover, Woolworths and its competitors are the key players who have access to the different types of distribution channels in the retailing industries (Dobbs, 2014). Threat of substitution: The substitute products are available in all the supermarkets of Australia. Therefore, the supermarket must come up with new competitive and innovative strategies in order to attract the customers and building the reputation of building the brand. Rivalry among competitors: The presence of the strong competitors in the retail stores of Australia and the grocery industries are trying to limit the market share of Woolworths and to the higher level of concentration (Dobbs, 2014) Opportunities based on three essential external factors In terms of politics, there is a political stability in the country Australia, therefore, the country can do its business properly without any external political problems and can further dig out the opportunities for further expansion (Woolworthsgroup.com., 2017). In terms of technology, the future of the organization can be reshaped through the presence of computerization, which would lead to the development of technology and manufacturing industries and the lifestyle changes of the customers. This in future would develop the countrys economy at a higher pace. As Woolworth is increasing its shift to the healthier food, as discussed in the PEST analysis, the fresh food future program would provide an opportunity for the new farming sustainability and productivity for a longer period of time (Woolworthsgroup.com., 2017; Hollenson, 2015). Internal Analysis of Woolworths Woolworths organization is not able to counteract the competition from the list of discounters, killer of category and specialists; they lacked a range of capabilities and understandings of the structure of market that they are capable of challenging them once the supermarket becomes an established one (Drucker, 2017). However, there are several core competencies some of which are regarded as historic and others are adapted over the times by utilizing promotional strategies, offerings of products and prices. Woolworths adapted different product, prices and technologies. The organization has been using the strategy of low price system, which is regarded as the core competency of the firm. Another important success factors are the channels of distribution. It is regarded as one of the important chain distributors in the United Kingdom (Drucker, 2017). Resources The resources that Woolworths company is having are the Retail Management Resources which includes Profit centre of Retailers, online financial training of the retail and the owners institute of the retail. Operation resources include the online digital retail and the foundation based on loss prevention (Menther, Hamann Nilsson, 2015). Information for the Growth management of retail stores which includes customer services, fixtures of stores, locations about stores, retail personnel stores security system and the software for stores based on accounting (Woolworthsgroup.com., 2017). Strengths of Woolworths Organization Most of the business of Woolworths have presented about the past few years with the growth of the sales. On the basis of the resources, the company has the ability for capital generation and in this case, the firm has the plan to expand their market by opening more stores and updating facilities (Menther, Hamann Nilsson, 2015). The organization developed a long-term relationship with the suppliers and producers. The organization developed a charter on fair trade, which encapsulates the key principles of the business relationship with retailers. The success of the organization was the channels of distributions. Strategy of the company The strategy of the company is to develop a team, reducing the processing of the costs improvements, Developing the brand based on cohesive, making the stores refreshed and updating the offerings of product (Woolworthsgroup.com., 2017; Shore et al., 2017) Analyzing the strategies The main strategy of the company is to keep the customers in the first position and accordingly they are looking forward to develop a team who can cooperate with each other and making the brand of the store famous by serving the consumers. In order to update their offerings they work on the innovations such as fresh sushi bars and serving fresh meat and fish to the consumers daily (Woolworthsgroup.com., 2017). Through these activities, they want to make their brand cohesive so that the customers are attracted to the products of the supermarkets. Implementation of Strategy Woolworths organization implement its strategy by involving themselves by creating a link with their suppliers and the firm focuses on less cute of price and more on the strategies in order to grow their sales of firm. In the future, they would implement strategy through the better use of the data analytics also looking forward to invest bigger data and the implementation of the strategic plan of four points (Woolworthsgroup.com., 2017). Possible Alternatives Proliferation of product: Broadening the target market of Woolworths by entering the pharmaceutical market and continuing the process of unrelated diversification is another recommendation (Johnson et al., 2013). Development based on people: The supermarket must recruit people who can give good quality services. The company must manage the people accordingly. Culture based on cost leadership should be integrated as a form of strategy to deliver goods and services, which would manage the products of supply chain and for that, the firm, must use the program of stock replenishment (Woolworthsgroup.com., 2017). Further Recommendations To improve their economy more and to compete with their existing competitor, the market can look forward to offer discounts on the products on special occasions, which would increase the buying nature of the consumers. Conclusion Therefore, to conclude it can be stated that Woolworths follow a particular strategy and it was judged on the basis of different strategic formulations. In order to bring improvements on the business, the company must work harder to gain its competitive advantage to gain back its reputation in the market place. References Drucker, P. F. (2017).The Theory of the Business (Harvard Business Review Classics). Harvard Business Press. Dobbs, M. (2014). Guidelines for applying Porter's five forces framework: a set of industry analysis templates.Competitiveness Review,24(1), 32-45. Gupta, A. (2013). Environmental and pest analysis: An approach to external business environment.Merit Research Journal of Art, Social Science and Humanities,1(2), 13-17. Hollensen, S. (2015). Marketing management: A relationship approach. Pearson Education. Johnson, G., Whittington, R., Scholes, K., Angwin, D., Regnr, P. (2013).Exploring strategy text cases(Vol. 10). Pearson. Koumparoulis, D. N. (2013). PEST Analysis: The case of E-shop.International Journal of Economy, Management and Social Sciences,2(2), 31-36. Methner, N., Hamann, R., Nilsson, W. (2015). The Evolution of a Sustainability Leader: The Development of Strategic and Boundary Spanning Organizational Innovation Capabilities in Woolworths. InThe Business of Social and Environmental Innovation(pp. 87-104). Springer International Publishing. Shore, A. D., Morton, A. G., Addison, A. F., Investments, A., Hahn, J., Read, A. G., ... Waterhouse,(2017) M. AGM reports published on the ASA website. Woolworthsgroup.com. (2017).Woolworths Group: Quality Brands and Trusted Retailing.Woolworthsgroup.com.au. Retrieved 21 September 2017, from https://www.woolworthsgroup.com.au/