Examine what is meant by consideration and consider what amounts to good or sufficient consideration. Consideration is an essential element for the formation and enforcement of a contract. It is the barge by which agreements are enforced in English contract law. It makes simple the process of parties creating contract. Curry v Misa‚ is one of the cases where the courts defined consideration as a benefit‚ a right‚ a profit to one party‚ a forbearance‚ a loss to another. Dunlop v selfridges.
Premium Contract
Making Use of Resources‚ Capabilities and Core Competences. Resources‚ capabilities and core competences Resources‚ capabilities and core competencies are the foundation of competitive advantage. Resources are bundled to create organizational capabilities. In turn‚ capabilities are the source of a firm’s core competencies‚ which are the basis of competitive advantages. Here‚ we define and provide examples of these building blocks of competitive advantage. 1. Resources Broad in scope‚ resources
Premium Resource Management Strategic management
When setting pay rates‚ compensation managers must take into consideration the employees’ perception of fair‚ equitable compensation. Pay Equity: Internal and External Considerations KENT ROMANOFF Associate Hay Group‚ Inc. KEN BOEHM Labor Economist Pacific Telesis EDWARD BENSON Vice-President‚ Hay Group‚ Inc. EqUity (or fairness)‚ a central theme in compensation theory and practice‚ arises in many different contexts. Here‚ for example‚ are some major areas: • The legal and economic
Premium Employment Management Human resource management
Jasmine Lunsford English 101-11 Composition 1 Kristin Inciardi Essay 2 Limitations on One ’s Rights and Freedom of Speech How many times have you wanted to express your honest opinion about an issue that concerns you‚ but you held back because you know in doing so it would lead to unwanted consequences? Many people question the First Amendment due to the fact that some people take advantage of it and use it for the wrong reason. The First Amendment allows you to speak your mind and express
Free First Amendment to the United States Constitution Freedom of speech Freedom of thought
attain its business goal. As mentioned‚ “Strategic management can contribute significantly to organisational performance; however‚ its practice can have limitations.” First and foremost‚ the purpose of this paper is to critically evaluate the statement above regarding the concept of strategic management. Herein‚ potential benefits and limitations of the implementation of strategic management will be discussed. In addition‚ this paper will also try to give some insightful details about the key elements
Premium Management Learning German language
Strengths and limitations of different assessment methods Assessment Method | Strengths | Limitations | Direct Observation | Allows the assessor to see the candidate in action and may be able to cover several aspects of the qualification during a single session (see also Holistic)The observation can take place while the candidate’s normal work place so there is minimal disruption as they are able to continue to do their job while being assessed. | A fixed date and time must be arranged to suit
Premium Assessment Observation Knowledge
Appendix 3 – Internal Analysis Resources: a) Tangible resources: i) Physical: plants and equipment * H-D invests continuously in plants and equipment. * H-D plants are located in different states in the US‚ very far from each other‚ which causes very high transportation costs. i) Technological: * H-D is known for its technological backwardness in terms of engines‚ suspension systems‚ braking systems‚ and transmissions. iii)
Premium Customer service Strategic management Resource
Middletons & Gramjon Limited a) Describe the matters that the partners of Middletons should have considered and the procedure(s) the firm should have carried out in determining whether it should accept the appointment as auditors to Gramjon Limited. The most general definition of an audit is an evaluation of a person‚ organization‚ system‚ process‚ project or product. Audits are performed to ascertain the validity and reliability of information‚ and also provide an assessment of a system ’s internal
Premium Audit Auditing Internal control
Laguna University RECS Village Bubukal Sta.Cruz Laguna Chapter I Introduction In modern age‚ Information Technological advancement has minimized the whole world. Advancement of technology gave lots of benefits for all industries using it. With the use of advance technology‚ process became more fast‚ accurate and effective. As time passes by computers became more useful for every process being made. Modernization in every transaction became more popular as it reached even small organizations
Premium Education Time Automation
with the concept of “capability” development‚ according to which government’s performance should be evaluated against the capabilities of their citizens (Sen‚ 1979). Nevertheless‚ Sen recognized the relation to Adam Smith’s (1776) analysis of necessities and living conditions and Karl Max’s (1844) concern with human freedom and emancipation‚ but the strongest connection is with Aristotel’s theory of political distribution and human flourishing (Clark‚ 2006). The Capability Approach Explained
Premium Amartya Sen Capability approach Human Development Index