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Bachelor of Business Management BBM

Sometimes known as a Bachelor of Management Studies, Bachelor of Business Management (BBM) is a three-year undergraduate program offered in Management by various universities worldwide. The course teaches the management techniques that exist in the corporate world.

303 Questions

What are some examples of lifestyle business?

This is a business that reflects owners/entrepreneurs lifestyle, interests and passion. The main idea is that business exists because owner likes to do certain things and earns money with it not just business for money with huge future plans. Therefore lifestyle business can be cafe, art gallery, wine shop, book store, diving lessons or pop-up restaurant. Actually it can be almost everything. It is possible to identify lifestyle business quite easy - they all have special aura compared to competitors. Those businesses are cared with love and true passion rather than pure economic reasons.

Impact of internal environment forces on organization?

If there is anything that is stead fast and unchanging, it is change itself. Change is inevitable, and those organizations who do not keep up with change will become unstable, with long-term survivability in question.

There are things, events, or situations that occur that affect the way a business operates, either in a positive or negative way. These things, situations, or events that occur that affect a business in either a positive or negative way are called "driving forces or environmental factors or forces."

There are two kinds of driving forces; Internal driving forces, and external driving forces. Internal driving forces are those kinds of things, situations, or events that occur inside the business, and are generally under the control of the company. Examples might be as follows.

· organization of machinery and equipment,

· technological capacity,

· organizational culture,

· management systems,

· financial management

· employee morale.

External driving forces are those kinds of things, situation, or events that occur outside of the company and are by and large beyond the control of the company. Examples of external driving forces might be, the industry itself, the economy, demographics, competition, political interference, etc.

Whether they are internal or external driving forces, one thing is certain for both. Change will occur! A company must be cognizant of these changes, flexible, and willing to respond to them in an appropriate way.

External driving forces can bury a business if not appropriately dealt with. The question is, how does a business know what changes are occurring so that they can deal with them in a positive way. OK, that's the next issue.

In order for a business to succeed and gain the competitive edge, the business must know what changes are indeed occurring, and what changes might be coming up in the future. I guess you might call this forecasting. Thus, critical to the business is what we call "informational resources." It is the collection and analyzation of data. Some examples of critical information might include the following:

  • Competition (what are they doing?)
  • Customer behavior (needs, wants, and desires)
  • Industry out look (local, national, global)
  • Demographics (the change populations, there density, etc.)
  • Economy (are we peaking, or moving negatively)
  • Political movements and/or interference
  • Social environment
  • Technological changes
  • General environmental changes

The above are just some issues organizations must be on top of. Well it's never easy, but organizations that are successful include all of the above (and more), to develop the appropriate tactics, strategies, and best practices, to ensure successful out comes.

What is the meaning of need for sound organization methods?

The need for sound organization methods refers to the ability to establish business practice within the business that actually work. Using business methods that are proven increases the organization's chance of success.

How should a business deal with increased competition?

The best way to deal with competition is to effectively identify it through market research and industry knowledge. The company should also position itself in the market relative to its competition. It should focus on brand recognition and product differentiation to establish its name as separate from that of competitors. The company should also follow competitor movements, such as price changes, introduction of new products and mergers and acquisitions. The company should always be aware of its competitors and improve itself and its offerings based on that as an ongoing process.

Case problems electronic commerce schneider?

Gary P. Schneider is the author of a series of textbooks on Electronic Commerce.

His 6th Edition is ISBN 0-619-21704-9

In his book, he includes Case Problems at the ends of chapters.

What number call to get your bbm working on vodaphone?

i think the number that tou have to call is 202 then pres the option ..................

How motivation and financial and non financial incentives are interlinked?

Monetary motivation means that the winner of a contest could receive a certain amount of money say 100 dollars, euros, pounds, or 1000 yen. Non monetary motivation could be anything else. The winner of a sales contest could win a free round of golf and a meal at the golf clubhouse. He could win the right to enjoy seeing a professional game in the boss's skybox. That is non-monetary. He can not sell it. If he does not use it he will lose it. For him to rent a sky-box would cost 10,000 dollars or euros. It is non-monetary. It might not motivate a woman!

How can you finance the purchase of a home but have the seller give back to you about 10 percent of the purchase price for repairs?

The SELLER won't give back anything. You'll have to finance the home for 10% MORE than the asking price to get back what you need. If the value of the house isn't there, the bank probably won't finance it. You may have to work with someone who understands what you're doing and is willing to finance for over the current value.

What are the environmental factors affecting management?

1- What were some of the environmental factors that have forced managers to change their organizations and managerial styles?

. Some OF The Factors That has Forced the Managers to Cheng Their Managerial Styles Are:-

Ø Changes affected by the coming out of the internet.

Ø The global competition.

Ø Swift technological Change.

Ø Knowledge workers.

Ø Consumer with more power of having plenty of information, demanding the best quality goods at the best prices and also of the best delivery times.

Average starting salary in business administration?

The average salary of a business administrator is $88,000. Most business administrators have a bachelor's degree and years of experience.

Advantage of informal organization?

As a lot of organizational scholars have argued, a formal organizational chart often does not accurately depict how work really gets done within the organization. Rather networks of informal relationships are often crucial to the way work and processes of innovation within organizations take place. Social networks are often a rich source of information, knowledge, and expertise. Cross & Parker (2004) argue that organizations should put more efforts and resources into understanding, analyzing, and subsequently facilitating these informal networks of social relations, because of their crucial role to innovation and work in the contemporary knowledge economy. Rather than blindly trusting formal lines of communication and facilitating these, organizations should analyze the role of informal ties and attempt to create an organizational environment conducive to interpersonal and inter-organizational knowledge sharing, collaboration and learning. This explains why new HR practices such as communities of practice have received so much attention in organizational and management literature. Communities-of-practice are sites where people do not only share knowledge and information, it is a place where people come together because they have mutual interests and goals. As such it is a meaningful site and a source of sensemaking, identity, self-esteem, hence, motivation. Paradoxically, though, by revealing, facilitating, and structuring informal relationships, organizations formalize the informal. Also the temporary and unbureaucratic nature of these communities of practice is restrained by embedding these informal think-tanks into the formal structure of the organization.

In addition to theorizing about informal relationships, research has been conducted to reveal what type of informal relationships are most beneficial for sharing knowledge. Depending on the nature of knowledge, either weak or strong ties will be most effective to the transfer of knowledge between individuals and project teams within the organization. In general, social network analysts appear to assume that weak ties are especially beneficial to the transfer of new ideas and novel information, whereas tacit (non-codified) and sticky knowledge can only be transferred effectively through strong ties (Hansen, 1999). Strong ties are characterized by high levels of trust and often a mutual frame of reference, which makes it easier to transfer tacit knowledge. In the context of an organization, the development of trust and a mutual understanding is necessary for knowledge sharing and collaboration, hence, for effective work and innovation processes. In this context, several organizational scholars have argued for the need for face-to-face, on-site and spontaneous communication for the development of trust and the effective management of potential conflicts. In particular in the face of a globalized economy, where work and innovation increasingly occurs within and between geographically spread project teams, the relevance of face-to-face communication as well as the sharing of knowledge through informal ties is growing.