Project’s Triple Constraint According to Project Management Knowledge (2009)‚ " Project Management is the act of organizing resources such as scope‚ time and cost to bring about a desired result Insert the quotation” (Triple Constraint‚ para. 1). The triple constraint can be viewed as the balance of the projects timing‚ budget‚ and project specifications. Dempster’s triangle is another term used for triple constraint. According to the Project Management Knowledge (2009) website the project manager
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Lesson 4 Social Responsibilities of Business You know that business is an economic activity‚ which is carried out on a regular basis to earn profit. However‚ you must have seen businessmen spending money on different aspects‚ which is not going to give them any profit straightway. For example‚ you must have seen businessmen maintaining and developing gardens and parks on streets and squares in cities. Some businessmen engage themselves in research for improving the quality of products; some
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7 Business Development Marketing Tips for Social Media by Patrick Zuluaga‚ PMZ Marketing You would have heard so many marketing experts telling everyone to use social media as part of their promotional marketing mix. The Internet is flooded with information on using FaceBook‚ Twitter and other social media sites. Numerous articles have been written on how using social media can help promote your brand image and how it can generate web traffic for your main business website. Keep in mind that
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Business is for Everybody’s Benefit A business should not just look to increase profits for the stockholders but more so look at the well being of the customers‚ employees‚ suppliers‚ investors‚ vendors‚ communities‚ and the environment. Some businesses might argue that putting the investors first will lead to a more successful company. Businesses do not flourish by putting all of their attention on just the shareholders alone. As T.J. Rogers‚ founder and CEO of Cypress Semiconductor‚ explains
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Social Media for Business-An Analysis of Statistic Data Introduction. The area under discussion in the following assignment is to quantify the possibility of a deviation from accuracy in the fifty samples formed from a selection of data‚ following their questionnaire rejoinders. Questioning in which there is a relationship between the kinds of social media is and the type of business. Moreover‚ does this relationship exist for the reason that day by day more people use social media? (NielsenWire
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Abstract Businesses today are growing more aware of trends in social and business networking to assist them in growing‚ developing products‚ services and the advertising to draw consumers to them in ever increasing numbers. Social Networking in Business Many businesses are using social networking to see what consumers are saying about products and what will likely be purchased by people. Companies such as Pizza Hut‚ Papa John’s and Sears are using networking sites. Someone can become a fan
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Social enterprises apply business solutions to social problems. The ultimate goal is to achieve sustainability by enabling non-profits to support themselves financially in innovative ways instead of relying solely on grants and donations. Since there are no shareholders in a non-profit organization‚ the profits from the related social enterprise are completely re-invested in the work of the organization. The emergence of revenue-generating activities for non-profits has created a new operating model
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What are the social responsibilities of a business to its community? The social responsibility of a business is to become a major part of its surrounding community. It is an employer of local people and should encourage their involvement in community activities along with the well being of its members. The company should strive to do business in an ethical way. Always making business decisions based on fairness‚ values‚ and its own code of ethics. This will enable employees to be proud of where
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In examining the mission statements of multiple companies‚ it is apparent that corporations claim to prioritize social responsibility. Companies like Whole Foods‚ Ben &Jerry’s‚ Camano Island Coffee Roasters all actively contribute to different social causes. Even Philip Morris prioritizes “actively [participating] in societal concerns that are relevant to [its] businesses” over generating returns for its stockholders (Philip Morris‚ 2011). There are many different views on the extent to which
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Fact 1 Budgetary constraints – A marketing department‚ like all departments‚ will receive a budget which they have to work with. In some businesses‚ especially smaller ones‚ a small budget may be given‚ meaning that the marketing department will have to spend their money carefully and it could limit what they can purchase. Fact 2 Data Protection Act (1998) – The data protection act protects the rights of those individuals on whom data is held. It impacts any business that holds personal information
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