Business Principles in Human Resource Management Essay - 2

Business Principles in Human Resource Management - Essay Example Consequently, commitment ignites achievement of goals and faithfulness towards the desired objective ( Burrow, James, and Kleindl, 300). A competent leader induces hard work with adequate purpose to achieve set targets. This is vital to me as competent employees strive towards success. To a business, competency induces additional skills and knowledge leading to innovation and creativity. This is a significant principle of management as it guarantees a business success. Congruence is an important principle in the process of management that ensures legibility in decisions made. To me, it is a concept, which helps in arriving at the achievable and realistic goal. To a business, congruence ensures objectives are timely and realistic. This, in turn, leads to the success of the business. Without cost-effectiveness and fair reward of employees, set goals will be difficult to achieve. As a manager, this principle will assist me in spending economically and in all sector of the business. To a business, cost-effectiveness is important as extra resources can be channeled to develop other departments. As a manager, continuous development and improvements are important as it not only boost the morale of employees but also improves the working environment. Change in a business increases the productivity of employees and in turn yields. As, a manager, unique strategies are extremely vital which comes from creativity. Creativity enables the realization of new strategies using new approaches enable the business gain competitive advantage. In addition, creativity encourages the use of limited resources a factor which builds a business due to enough resources. Building trust is a very vital process in human resource management. The credibility of employees to undertake their strategies and meet their objectives is a central role in management. To a business, credibility consummates human resource to deliver adequately.

Business Plan for a new Iphone development company Essay

Business Plan for a new Iphone development company - Essay Example In fact the Primus Digital Company in the oligopoly market requires strategic thinking unlike other market forms such as perfect competition or monopolistic competition. Oligopoly can provide a different range of outcomes. In some cases company can employ some restrictive trade practices. In other situations, competition between sellers in an oligopoly market can be relatively low prices and high production. Built by Apple Inc. the Apple iPhone is a phone that has many applications such as ‘ifart’, ‘iamrich’ running on its platform. In fact the Apple iPhone has thousands of applications running on its platform such as music, games, cookery, jokes and so on. The company began as Apple Computer, Inc. in Cupertino, California on April 1, 1976 and incorporated in January 3, 1977. There is great demand for the Apple iPhone in the UK market and in fact O2, Apples exclusive UK mobile phone partner reports that, â€Å"pre-order demand for new 3G iPhones crashes O2s website within an hour of going live†. Demand for the new 3G version of the iPhone has outstripped supply, and O2 says it has run out of stock for customers wanting to pre-order the device before it goes on general release. Primus Digital Company has realized this and has been quick to take advantage of it by coming up with some music software applications that could be seamlessly integrated into Appl e iPhone platform. The existing customer profile for Apple iPhones is not only richly varied cutting across customer demographical barriers but also includes such variances as against competitors’ in capabilities For instance competitors are faced with enormous barriers to entry that European Union regulators have come to accept as inevitable. Primus Digital Company is a new company looking to develop music software applications which could be integrated to the Apple iPhone platform. Primus Digital Company is a small scale software development company in UK . It was