Advantages and disadvantages of inflation

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Advantages and disadvantages of inflation This article offers a detailed analysis of the key advantages and disadvantages of inflation. Inflation is an economic phenomenon that can have both advantages and disadvantages. It is usually a negative word; however, it does not always have to be viewed in this light. It actually has some advantages, which is why it is very common in modern economies.   What is inflation? According to Groves (2022) the term ‘inflation’ is used to describe the increase in prices over time. The rate of inflation measures […]

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Advantages and disadvantages of a command economy

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Advantages and disadvantages of a command economy This article examines some of the key advantages and disadvantages of a command economy. A command economy is an economic system where the government directly controls and manages the production of goods and services. It is also known as a centralised economy or a planned economy.   What is a command economy? According to Augustyn (2022) in a command economy, the means of production are publicly owned, and economic activities are controlled by a central authority that assigns quantitative production goals. There is […]

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Stakeholders of Air Canada (Stakeholder Analysis)

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Stakeholders of Air Canada (Stakeholder Analysis) This article explores the key stakeholders of Air Canada. In any business, there are several groups that can influence its success. These groups include employees, customers, suppliers, competitors, and even the government. Air Canada’s success and failure is largely dependent on the relationships it has with those stakeholders.   Internal Stakeholders of Air Canada   Employees of Air Canada Air Canada’s employees are its most important stakeholders. After all, when employees are happy, they will be more likely to stay with the company in […]

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Relationship between different organisational functions

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Relationship between different organisational functions This article aims to explore the relationship between different organisational functions. It also aims to examine how they link to organisational objectives and structures. The organisational functions refer to a set of activities that support the main tasks of an organisation and its overall goals. These functions help organisations in supporting their business processes and decision making. This article identifies the key organisational functions first, and then examine their relationship with each other.   HR (Human Resource) HR is the function that is concerned with […]

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Biggest fast food chains in the USA

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Biggest fast food chains in the USA This article aims to explore the 10 biggest fast food chains in the USA in terms of sales. Fast food remains one of the most popular types of food in the country. Whether people are on a road trip or running late for work, fast food chains make it easy for them to get a quick meal. While many people tend to avoid fast food due to its reputation for being unhealthy, others see it as a helpful option when time is short. […]

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Causes of food shortage in developing countries

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Causes of food shortage in developing countries This article explores the most common causes of food shortage in developing countries. Food shortage refers to the lack of food in a large geographical area. Conversely, food availability, also known as food security, is the state of having secure access to sufficient food for a given period.   In developed countries, it is relatively easy for people to acquire and store enough food due to high levels of income, improved transportation system, and agricultural technologies. However, in developing countries and some other […]

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Factors affecting change management in organisations

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Factors affecting change management in organisations‍ This article examines the key factors affecting change management in organisations. Change management is the process of facilitating change in an organisation. It requires a high level of communication, trust, and collaboration from employees to be successful. Likewise, organisational structure, resistance to change, and lack of effective management also influence change management in organisations.   What is change management? Change management is the process of facilitating change in an organisation. In other words, it is the process of implementing change in a way that […]

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Stakeholders in a business

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Stakeholders in a business ‍This detailed article aims to identify the key stakeholders in a business.  When running a business, it is important to know who the stakeholders are. Being aware of them and their needs is very useful to manage the business more effectively and increase its chances of success.   Definition of stakeholder Stakeholders are people or organisations who have an interest or influence on the success of a business (BBC, 2022). They stand to gain or lose from the actions or the policies of the business. According to […]

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5C analysis of Air Canada (5Cs of Air Canada)

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5C analysis of Air Canada (5Cs of Air Canada) This is a comprehensive 5C analysis of Air Canada. It examines the airline’s company profile, collaborators, customers, competitors, and context. The airline industry is very challenging and competitive where even small details matter when it comes to staying ahead of the competition. With a detailed 5C analysis, Air Canada can evaluate its current position, identify opportunities for improvement, and develop an effective strategy that can be implemented in the long term.   List of 5Cs of Air Canada with analysis   […]

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Stakeholders of Barclays (Stakeholder Analysis)

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Stakeholders of Barclays (Stakeholder Analysis) ‍This is a comprehensive analysis of the stakeholders of Barclays (Stakeholder Analysis). Barclays is a British bank. It operates in a complex and challenging business environment. As a result, it is essential for it to have stakeholder management as an integral part of its business strategy.   Stakeholders are the people and organisations who are affected, either positively or negatively, by the activities of a company. They are usually divided as internal and external stakeholders. This article examines the stakeholders of Barclays in line with […]

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