Definition 1. “BCG matrix (or growth-share matrix) is a corporate planning tool‚ which is used to portray firm’s brand portfolio or SBUs on a quadrant along relative market share axis (horizontal axis) and speed of market growth (vertical axis) axis.” 2. “Growth-share matrix is a business tool‚ which uses relative market share and industry growth rate factors to evaluate the potential of business brand portfolio and suggest further investment strategies.” Understanding the tool BCG matrix is
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Explain errors of omission and errors of commission. Ans - == Errors of commission == An error of commission occurs when you record an incorrect value in posting. Such errors include original entry errors‚ transposition errors‚ calculation errors and reversal of entries. An original entry error occurs when an incorrect figure is recorded and posted. A prime instance of this is the ten-key error‚ where you accidentally hit the number above the correct key. For example‚ if you enter 7‚ instead
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Reliability vs. Validity By: Framing and Analyzing Problems: Research Strategies for Leaders (PD) Professor Gordon McLean July 8‚ 2011 The purpose of this weeks’ discussion is to evaluate and analyze an article by identifying issues related to general method reliability and validity. The article that was chosen was “Trust in the Face of Conflict: The Role of Managerial Trustworthy Behavior and Organizational Context” by Korsgaard‚ M. A.‚ Brodt‚ S. E.‚ & Whitener‚ E. M. (2002). This
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not only affect matters of life and death like freedom from torture and killing‚ but also affect your rights in everyday life: what you can say and do‚ your beliefs‚ your right to a fair trial and many other similar basic entitlements. Equality Act 2010 – supports professionals who may be discriminated against age‚ disability‚ race‚ religion‚ belief‚ gender and sexual orientation. The Act identifies direct and indirect discrimination. Health and Safety at Work Act 1974 – Teachers must understand
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Describe at least three of the major issues that are important in organizational design: One of the first steps in establishing an organization is defining its’ organizational design. There are many factors one must consider before running a business. For instance‚ will the organization be established as a Tall or Flat structure‚ will it have a Centralized or Decentralized Authority‚ and will it be a Line organization or Line-and- Staff organization. Each decision needs to reflect the businesses
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soul is immortal. He was a dualist‚ and thus claiming that soul and body are two separate entities. The body is mortal and changes‚ while the soul is immortal and unchangeable. In his dialogue ‘Phaedo’‚ Plato presents three arguments for an immortal soul. Firstly‚ the cyclical argument
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Each year‚ thousands of patients die in hospitals because of errors in medication. These deviations occur mostly because of the complex process of drug administration. Errors can arise from the complicated system of drug administration itself; from prescription to the actual administration to patients. These mistakes in drug administration can be caused by many factors. Some of the reasons why these errors occur are the inadequate knowledge and skills both by the prescribing physician and the administering
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prior permission from the Society 155 Legal and Criminological Psychology (2006)‚ 11‚ 155–177 q 2006 The British Psychological Society The British Psychological Society www.bpsjournals.co.uk Invited article A fundamental attribution error? Rethinking cognitive distortions† Shadd Maruna1* and Ruth E. Mann2 1 2 Queen’s University Belfast‚ Northern Ireland‚ UK HM Prison Service‚ London‚ UK The notion of ‘cognitive distortion’ has become enshrined in the offender treatment literature
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Refutations: The Growth of Scientific Knowledge (1963)‚ Karl Popper suggests that no scientific theory can be classified as truth. The only thing that can be done is to attempt to falsify the theory over and over again reject the theory repeatedly in different situations. Each failed attempt will strengthen the theory and bring it closer to the truth. Hence‚ Popper claimed that the truth of a hypothesis can never be confirmed. A hypothesis is an “if-then” statement‚ which that is an assumption of causality
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unlikely for at least two years. The economic crisis in Iceland involved all three of the country’s major banks. Relative to the size of its economy‚ Iceland’s banking collapse is the largest suffered by any country in economic history. Some developing countries that had seen strong economic growth saw significant slowdowns. For example‚ growth forecasts in Cambodia show a fall from more than 10% in 2007 to close to zero in 2009‚ and Kenya may achieve only 3–4% growth in 2009‚ down from 7% in 2007. According
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