A planned economy is an economic system in which the government or state directly controls and regulates different facets of the economy such as investments […]
Author Archives: Ray Charles Samson
Key Elements in the Marketing Strategy of McDonald’s
One of the critical features in the business strategy of McDonald’s is a marketing strategy that puts emphasis on maintaining prominence in the global market. […]
The Business Strategy of McDonald’s
The worldwide presence of McDonald’s symbolized both globalization and the extensive influence of the American way of life. Founded in 1940 as a hamburger stand […]
The Benefits of Competition in the Economy
Competition is an essential component of economic systems based in free-market capitalism. For starters, it generally arises when two or more parties seek to reach […]
Major Theories of Motivation
Researchers in the field of psychology, as well as in the areas of leadership and management, have explored and explained the reasons behind the motivations […]
Path-Goal Theory of Leadership Effectiveness
The Path-Goal Theory of Leadership Effectiveness or simply, the Path-Goal Theory and Path-Goal Model is a leadership theory that states that the behavior of a […]
Johnson: Five I Format of Ethical Decision-Making
In his book “Organizational Ethics: A Practical Approach,” professor of leadership studies Craig E. Johnson presented a five-step model for making decisions. Based on other […]
Paine Manager’s Compass for Decision-Making
Lynn S. Paine, a business professor at Harvard Business School, developed and presented a model for decision-making. Originally called the “Manager’s Compass,” and sometimes generally […]
Advantages and Disadvantages of Outsourcing
Outsourcing is a business strategy that involves an organization contracting the services of another organization or service provider to perform specific activities related to operation […]
Thomas Friedman: The Untouchables and New Middle Jobs
In his international bestselling book “The World is Flat: A Brief History of the Twenty-First Century” first published in 2005 and republished in 2007 with […]