How Big Global Businesses Compare Research Paper

How Big Global Businesses Compare - Research Paper Example Such results buoyed by strong growth in sales in North America. Thus, the revenue grew to three point eight billion euros. Due to the last year of the considerable change and reinvention, it enabled the company to expect the upcoming 2015 year to be a year of execution with expects annual sales to grow in all sectors, networks, mapping services, technologies and patents (Huuhtanen, 2015). While Nokia holds thirty-nine percent of the world market, it still faces severe competition from such companies as Apple and Google, which entered the market with their high-end products in 2007. Organizational culture is an important factor that influences companies in various contexts. Thus, it is important for establishing competitive advantages and it also impacts on organizational performance. The interest in culture has led to the development of different models, which aim is to explain organizational culture and its relevance for organizations (Dauber, Fink & Yolles, 2012). It is assumed that there are three models of culture within organization, which are the artifacts, the values and the assumed values. Schein believes that artifacts of the company are its dress code, work process and organizational structure. Business goals and strategies as well as company’s philosophies are the espoused values, which should be supported by the way company performs its activities and how these activities are managed. All shared values within the organization constitute assumptions of the company. While using Scheins model, business are able to understand cultural elements o f their organization and be  able to analyze the relationship between assumptions and common business practices. Using models gives possibility to change the basic assumptions of a given culture and hence improve the effectiveness of the company as well (Madu, 2011). Thus, for Apple, the main competitor of Nokia Company, the model of culture includes people with their innovative approach to the development of

Risk Management model for Mitigation Essay Example | Topics and Well Written Essays - 500 words

Risk Management model for Mitigation - Essay Example However, there is an effective method of developing a records management system: first, it is crucial to determine the risks associated with the system. After identifying them, then determine the probability of the risk’s occurrence. After the risk’s occurrence capability, the potential impact of the risk should be analyzed. Next, each risk should have a response (mitigation) to counter it, if it occurs. This will lead the management to establish risk controls that can apply in suppressing the occurrence of risks, and finally, it is important and critical to keep track of the risk controls through measuring effectiveness, and monitoring them closely (Rush & Vednere, 2014). Taking the U.S. Department of Education as a case study, the following steps can apply in reducing the risks associated with records management (â€Å"Module A1: School Records†, 2014). There should be: Some records management projects collapse due to ignorance of the managing parties to figure out signs that indicate danger. Such include poor scoping of duties, roles and objectives, improper communication within the project, lack of a strong project manager, failure to weigh input and output metrics, a weak contingency or assessing plan, and losing track of the overall objectives (Haughney, 2014). These signs, if put into consideration, are a sure way of avoiding failure in a data management project. This is in regards to your recent letter requesting for an insight into the importance of our risk-based approach to effective record management. We are interested in advising our clients on quality services. Our model of records management works by highlighting the risks that your company might face in the practice and comes up with means of preventing, countering, or minimizing their potential effects. In addition, it comes with a monitoring and evaluation mechanism, hence enabling prediction of oncoming events (cite). This