MANAGEMENT BY OBJECTIVES (MBO) is a practical application of the reasoning behind the notion of goal-setting theory. MBO is a process in which employees participate with management in the setting of goals or objectives. An essential feature of an MBO program is that it involves a one-on-one negotiation session between a supervisor and subordinate in order to set concrete‚ objective goals for the employee’s performance. During the session a deadline is set for the measurement of accomplishment‚ and
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Petroşani‚ Economics‚ 12(1)‚ 2012‚ 15-24 ABSTRACT: Selling is the most representative marketing action; without customers there is no organization‚ and without sales there is no customer. Selling does not mean only to conclude a business (giving an economical good and receiving an amount of money)‚ but also to obtain satisfied‚ loyal customers. An alternative to the traditional sale is the direct sale. The main objective of this paper is to present briefly the opinions of some renowned researchers regarding
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What are the objectives of business? Every business enterprise has certain objectives which regulate and generate its activities. Objectives are needed in every area where performance and results directly affect survival and prosperity of a business. Various objectives of business may be classified into four broad categories as follows: 1. Economic Objectives: Business is basically an economic activity. Therefore‚ its primary objectives are economic in nature. The main economic objectives of business
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Marketing Case Study: The Marketing Mix of Nike‚ Inc. BADM 370 15 April 2013 Executive Summary Nike‚ Inc.’s debut in the 1970’s was a milestone for the athletic industry. Starting with a simple of objective of selling affordable‚ quality athletic footwear‚ Nike has undergone an incredible transformation over the years into a dominating sporting goods company due to an efficient marketing mix. Today‚ Nike has reached annual sales
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Features of an organization Aggregation of Human beings: Organization is an identifiable aggregation of human beings. The identification is possible because human group is not merely a number of persons collected at London‚ but it is a group of persons who are interrelated. The identifiable group of human beings determines the boundary of the organization. Such boundary separates the elements belonging to the organization from other elements in its environment. Deliberate and conscious Creation:
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[pic] Contents: 1) Executive Summary 2) Background 3) Problem Definition 4) Approach to the Problem 5) Research Design 6) Data Analysis 7) Reporting 8) Timeline 9) Appendix Executive Summary: Urban farming is said to be “the practice of cultivating‚ processing and distributing food in‚ or around (peri-urban)‚ a village‚ town or city” [1]. The focus of urban farming is largely based upon a daily demand for food from customers within metropolitan
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Strategic Management The Concept of Market Position and The Strategic Objectives Objectives The Concept of Market Position Philip Kolter Ries and Trout The Strategic Objectives Strategic Thrust Strategic Objectives Build Hold Niche Harvest Divest The Concept of Market Position by Philip Kolter Market Leader Market Challenger The firm has a relatively large share of the market‚ but a smaller share than the market leader. Market Follower The firm
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1. Introduction 1.1 Purpose The purpose of this report is to identify‚ analyse and evaluate the marketing factors that Whittaker’s has adopted in attempts to position themselves as a top-quality chocolate confectionery brand. In addition‚ this report would also be an aid to the major assignment in terms of developing detailed plans with marketing factors‚ data and facts. 1.2 Scope This report will cover the background understanding about the confectionery industry and do an in-depth analysis
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The Evolution of Marketing Research (MR)[edit] Marketing research has evolved in the decades since Arthur Nielsen established it as a viable industry‚ one that would grow hand-in-hand with the B2B and B2C economies. Markets naturally evolve‚ and since the birth of ACNielsen‚ when research was mainly conducted by in-person focus groups and pen-and-paper surveys‚ the rise of the Internet and the proliferation of corporate websites have changed the means by which research is executed. Web analytics
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MKF2121 Marketing Research Methods - Week 5 Tutorial Work Q1.The differences between measurement and scaling is as follows: Measurement | Scaling | - The assignment of numbers or other symbols to characteristics of objects according to set of rules.- Does not measure item itself‚ but characteristics of it.- Actual assignment of 1‚ 2‚ or 3 to each respondent using a scale that ranges from 1 to 3. | - Scaling involves the generation of continuum upon which measured objects are allocated.- Can
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