regards to what can be really expected of them. This shows that the contract starts even before employment. When employed‚ they get information from their work colleagues and continue to shape and reshape the psychological contract. This is supported by De van‚ (2004) with the reference to Rousseau‚ 1995; Shore & Tetrick‚ 1994 "That psychological contract involves employee beliefs about the reciprocal obligations between themselves and their employers. They can be viewed as the foundation of employment
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up to it? Here is a list of simple de-stressing techniques‚ which will help you get out of that negative state of mind in just 5 minutes. Your plan for the day is falling flat on its face‚ your inbox is shouting out with pending work‚ your children are crying for your attention‚ and you don’t remember the last time when you slept like a log. Well‚ all of us have our share of stress that can hit us any time. But how do we stand up to it? Here is a list of simple de-stressing techniques‚ which will
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Michael Porters competitive force model is used to displays how information technology can upgrade the competitiveness of a corporation. It is also used to develop strategies to increase competitive edge. Competitive strategy must grow out of a sophisticated understanding of the structure of the industry and the industry is constantly changing. Regardless of the industry‚ Michael Porters five forces will bring forward your strengths and weakness. The five forces are: The threat of new entrants‚
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Ryanair and the External Environment Executive summary This report explores Ryanair’s domain in relation to the external environment and outlines the concerns for the company within these sectors. The environmental uncertainty of Ryanair is dealt with and ways in which it can adapt to this uncertainty are outlined. This report also explores possible strategies for minimizing environmental uncertainty for the organisation. 1. Ryanair’s domain in relation to the external environment and sectors of
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Tata Tea Limited‚ one wing of Tata Group was established in 1962 as Tata Finlay Limited through technical and financial collaboration with James Finlay & Co. Ltd.‚ Glasgow‚ U.K. The company made joint venture with James Finlay to develop value-added tea. James Finlay sells their shareholdings to Tatas heralding the "Dawn of a new Era" and the company changed its name to Tata Tea Limited in the year 1983. The company is headquartered in Kolkata and owns 27 tea estates in the states of Assam and West
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Pankaj Saharan September 2012 Over the past 150 years‚ Nokia has evolved from a small paper mill in south-western Finland to a global telecommunications leader connecting over 1.3 billion people. Nokia has disrupted into various industries before becoming a telecommunications giant from making rubber boots‚ car tyres‚ generated electricity‚ even manufactured TVs etc. Nokia’s own mobile phones’ platforms included Symbian (60 & 40)‚ MeeGo (open-source Linux based platform) and Meltemi (low
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decision points since strategic moves don’t have a single possible pathway. For instance‚ a pharmaceutical firm might grow its global footprint by first broadening its product arenas then using this foundation to broaden its geographic market arenas. 5. ECONOMIC LOGIC The economic logic element
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Domestic drug manufacturers have cast their eyes overseas for growth and four of them have received the certificate of pharmaceutical product (CPP)‚ one of the pre-requisites for obtaining an export licence from the Department of Drug Administration (DDA). According to the DDA‚ Lomus Pharmaceuticals‚ Deurali-Janata Pharmaceuticals‚ Elder Pharmaceuticals and National Health Care Nepal have received the CPP. The CPP is a must for drug manufacturers wanting to export their products. Once the CPP has
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considering the interest of other key stakeholders; (2) provides norms for behaviour regarding the organizational development and responsiveness to market information’’. Market-oriented organizations may be expected to keep abreast of all environmental forces and make every attempt to integrate economic‚ legal‚ ethical‚ and philanthropic responsibilities (Carroll‚ 1999) into their
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Paint industry Threats of new entrants For a dominant paint manufacturing company which is spread allover India‚ local players act as a very huge threat to them. With a small place for factory and an effective distribution system the local players may pose themselves a huge competition for these nationalized companies. As the local players do not mind quality but sell products for cheap rates they grab more attention of middle class people in India who are of majority. But if the major
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