A Nine-Stage Process for Creative Problem Solving

A Nine-Stage Process for Creative Problem Solving

In today’s business world, where everything is continuously changing at a fast pace, the ability to arrive at solutions to new problems is in demand. It is a multistage process for businesses to come up with the right solutions for their problems. This post goes through the nine-stage process model for creative problem-solving. The process…

Management Control Systems of Texas Instruments and Hewlett-Packard

Management Control Systems of Texas Instruments and Hewlett-Packard

Texas Instruments (TI) and Hewlett-Packard (HP) were two electronics firms that developed, manufactured, and sold electronic products. Although the two firms operated in similar industries, they chose very different management control systems and strategies. While TI’s competitive advantage was mainly based on high volume and low price, HP’s competitive advantage was to manufacture high-value and…

Subculture Marketing Can Influence Consumer Behavior

Subculture Marketing Can Influence Consumer Behavior

To understand subculture marketing, it is essential to understand the meaning of subculture. Generally speaking, subculture can be defined as a distinct cultural group that exists within a society or a dominant culture. Members of a subculture have different beliefs, perceptions, and values from other members of the same community. A few examples of subcultural…

Corporate Governance of Costco Wholesale Corporation

Corporate Governance of Costco Wholesale Corporation

I. Board of Directors a. Corporate Governance: Board Overview 1. Corporate Governance: Board Elections According to the firm’s corporate governance guideline, Costco Wholesale Corporation (the “Company”) adopts the staggered board. Directors are divided into three classes; each class is elected to a three-year term. The staggered board prevents any board member from gaining majority control…

Performance Metrics And Management Evaluation

Performance Metrics And Management Evaluation

In publicly-traded companies, there is a separation between the ownership and their management. Executives may take actions that benefit them, with shareholders bearing the cost of their behaviors. These costs are generally known as agency costs. To prevent executives from making decisions that better themselves at the expense of stakeholders, companies, and boards of directors…