Business simulation Essay Example | Topics and Well Written Essays - 1750 words

Business simulation - Essay Example As such, it is important to involve them in fun activities and make them introduce themselves to one another so that they can break the ice (Dyer & Dyer, 2013). Secondly, I would ensure that each team member develops a common understanding of the various job roles within the new team (Bendaly & Bendaly, 2012). Each team member should be aware of what another member of the team is responsible for (Franz, 2012). Therefore, as everyone thrives to work to their highest standard possible, they should also help their team mates in the same, strengthening the ream spirit of working together (Kayes, 2004). A final strategy of improving the efficiency of the newly formed team would be to set the team goals and create a plan of how to achieve them. I would also conduct regular progress reviews to identify the achieved goals and clarify the responsibilities of each team member towards achieving the set goals (Ditullio, 2010). Having carried out the business simulation, I have gained a lot of experience in the business fields of marketing, strategy, team effectiveness and finance. As such, I believe I can highly contribute to a business team and work effectively towards achieving the set goals and objectives (Lussier & Achuna, 2010). The understanding of the factors that make a business successful makes me a potential team player in your business, and I can add value to it (Cox, 1997). Through the tough work and harsh conditions involved in the business simulation, it is evident that being decisive is a key element towards the success of business (Tracy, 2002). There are times when one is faced with situations in which they have to make prompt decisions that affect the business. These decisions can lead to either success or failure, but they have to be made. It is better to have a wrong decision than a delayed one (Skrabec & Benedict, 2003). The decisiveness of an individual in a business, especially in the

Trademark Dilution Assignment Example | Topics and Well Written Essays - 1500 words

Trademark Dilution - Assignment Example As a result brand identity is an important part of the company. There comes a time however, when newer companies secure trademarks that are almost identical to those that are already more established. Think of a scenario for instance where two or more schools share the same uniform. This interference with trademarks can be called by different names but the most relevant to the topic we are about to discuss is dilution. Dilution was the subject if great controversy at the time of its founding. The idea is that there are large companies that wish to protect their already established trademarks. Therefore the best thing for them is to support the passing of dilution clauses into law to deny newer entrants the opportunity to try and make money from establishing their trademarks along the standards already set by the established brands. This paper shall seek to study the history and current state of trademark dilution. There shall be case studies that are analyzed so as to show how trademark dilution has evolved through rulings and also legislation. Another important aspect of trademark dilution is whether or not in reality, trademar4ks prevent such uncouth behavior as the industry is trying to prevent. Of course it is one thing to cry foul about trademarks and quite another to establish their effectiveness. The reason why this is the case is primarily because creative departments in companies develop novel means to reciprocate the efforts and products of other companies. Trademark dilution is the United States for instance is a fairly recent phenomenon bearing in mind that the necessary legislation was passed in 1995. That was the year that the Federal Trademark Dilution act was passed. It sought to protect large companies against the ‘gradual whittling away’ of renowned brands by new entrants1. This was an effort to protect big business at the expense of upcoming businesses. This, as the more fashion conscious will note, is a famous fashion brand. The