Leadership Case Study: Virgin Group of Companies
As the founder, chairman and chief executive of the Virgin and Voyager Group of Companies, Richard Branson has started or become a partner in nearly two hundred ventures. His leadership style has been described as "inspired delegation." Perhaps the ...
Leadership Case Study: Ritz-Carlton Hotel
Horst Schulze, former president and chief operating officer of the Ritz-Carlton Hotel Company, is a classic example of a leader who came up through the ranks and knows how to connect with employees. During his tenure with the Ritz-Carlton, Schulze c...
Just-In-Time Inventory Management
Maintaining appropriate levels of inventory is a fundamental aspect of operations. In order to insure a smooth flow of work and delivery to customers, companies need to keep some amount of both raw materials and finished product on hand. But histori...
Laws and Regulations
This clip explains that, in recent years, laws and regulations have played an increasing role in the business world. In addition to licenses and permits, the clip notes, there are many other government laws and regulations that apply to specific typ...
Job Performance and Rewards
Sometimes it's very challenging to determine if an employee has met established goals, particularly if that individual is part of a larger team. And it can be especially challenging to appropriately reward individual job performance within the conte...
Job Descriptions
It's important that those seeking to fill a position are in clear agreement as to what the job is about. Job descriptions and specifications become the basis for determining which applicants best fit the needs of the organization.
Unethical Behavior
People sometimes fail to consider the moral or ethical dimensions of behavior because they assume any action that doesn't violate the law is acceptable. While legal statutes are codified and enforceable by the judicial system, ethics principles are ...
Types of Risk
This clip introduces the concept of business risk and risk management. It notes that business risks can generally be classified into four categories: property, market, employee, and customer.
United States Small Business Administration, The
This clip explains that the United States Small Business Administration (SBA) is a source of information about the sometimes confusing welter of laws and regulations that apply to business. The SBA can also help entrepreneurs understand the intricac...
Production and Operations Case Study: Rutherford Hill Winery
Rutherford Hill Winery is located in California's Napa Valley, one of the most prolific winegrowing regions in the world. Efficient production and operations at a winery like Rutherford Hill requires skillful management that includes: carefully anal...