Management

Operations Management of BMW

Hospitality Management

Financial Management in Nonprofit Organizations

A non-profit organization refers to an institution whose purpose is to offer specific services without the aim of making profits from the operations (Gras & Mendoza-Abarca, 2014). Different non-profit organizations vary in terms of size, purposes, and type of management. Some of the organizations resemble the structure of government institutions, while others resemble commercial enterprises. Recently, non-profit organizations have become a vital element of economic development and structure in many economies. Most of them have embraced a mode of operations that resembles other businesses. The current paper describes financial management in non-profit organizations intending to offer a comparative platform for the organizations with commercial enterprises.

Financial Management

The retail business is mostly known for its unpredictable nature, given that every single operational day is marred with great levels of challenges to tackle. For this reason, good financial management is needed to use the acquired experience, as well as skills, to maintain perfect public relations. A level of success for the financial manager within a retail setting is based on the sales levels that may be either increasing or decreasing. Following this line of reasoning, a successful retail business should employ qualified staff that can make critical decisions to realize the long-term objectives of a company.

Strategic Management through Analytical Processes

Researchers have developed several models to explain why some companies are successful while others fail in a given industry (Williamson & Jenkins 2003, p. 13). These models may differ in the approach to explaining why one company becomes successful and another fails in a given market. However, they tend to converge in agreement that certain factors are in play to determine and influence the performance of a company in terms of success and failure. Among the models used, there are Porter’s Diamond, Porter’s Generic Strategies, and McKinsey’s 7s Framework. Each of these models explains differently the factors that contribute to the success or failure of a company in an industry (Sekhar 2009, p. 21).

Project Management Challenges in International Software Development

This management paper has examined the concept of global software development, including the project management challenges. The findings indicate that there are different methods of international software development such as the Open Source Software (OSS) method, intra-organizational method, and inter-organizational method.