Discuss the advantages and disadvantages of budgeting as a system of organisational control. A budget is a short-term financial plan of income and expenses expected over a certain period of time (usually one year) used to achieve a businesses objective. Budgeting can be useful for exercising control over a business because of its nature as a representation of a plan. Control is generally viewed as making events conform to a plan. As a budget is represented as a plan‚ allowing events to conform
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There are many disadvantages of DTCA as there are advantages. Like‚ damaging relationship with their health-care provider‚ misinforming patients‚ overemphasizing drug benefits‚ inappropriate prescribing‚ promotion of new drugs before safety profiles are fully known‚ and most important of all increasing health-care costs. DTCA is often criticized for its potential impact on the patient-provider relationship. Providers often find themselves challenged with increased work and frustration when a patient
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movement had originally started in the 1980 ’s when managers were encouraged to give their workers more involvement in work-related decisions but has now grown into its own controversial topic as 31% of companies define themselves as empowered. Advantages Many companies believe that being in an empowered company will motivate the worker. They believe this because it gives the job content. Researchers have shown that at the individual level and the team level that giving the workers power over themselves
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Internet while still young in age has grown rapidly‚ spreading to countries world wide and connecting 50 million users. With its popularity‚ it is incumbent upon our society to recognize how the Internet works and to be aware of its advantages as well as disadvantages. While seemingly high tech the Internet concept is rather simple. Computers speak to one another and send information. This is accomplished by sending and receiving electronic impulse‚ and then decoding them into a message. In order
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implementing a new strategic vision); and third-order change‚ implying acute alterations to or replacement of existing shared schemas (e.g.‚ during traumatic events like bankruptcies or radical changes such as mergers and acquisitions) (p. 397). One of the most profound changes occurs with Merger and Acquisition (M&A) that requires significant organizational change. Organizational change involved in M&A has become larger in scale and longer in transition period than any other types of organizational
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Reputation can make or break an individual. It determines how people view one another and it also decides how people treat and react to each other. In Frankenstein by Mary Shelley‚ the monster‚ Victor Frankenstein and Elizabeth Lavenza face struggles with their reputation and how it defines them. Also‚ in Othello by William Shakespeare‚ Iago‚ Othello and Desdemona are presented with similar struggles to the ones the characters in Frankenstein face. The presentation of reputation in both works allows
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planting materials‚ compensate land shortages and genetic improvement of the plant. [pic][pic][pic][pic]A few of the advantages perceived in the use of biotechnology in agriculture are rapid multiplication of plant species‚ breeding of resistant varieties‚ diagnosis and control of disease in crop and livestock‚ utilization of crop residues and animal waste. Some of the disadvantages are high cost of research and development‚ endangering biodiversity‚ genetic erosion and lack of access for poor farmers
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ADVISING IN MERGERS‚ ACQUISITIONS‚ AND FINANCIAL RESTRUCTURING ADVISING Investment banks are active in mergers and acquisitions (M&A)‚ leveraged buyouts (LBOs)‚ restructuring and recapitalization of companies‚ and reorganization of bankrupt and troubled companies. They do so in one or more of the following ways: (1) identifying candidates for a merger or acquisition‚ M&A candidates; (2) advising the board of directors of acquiring companies or target companies regarding price and non-price terms
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ideology to which members differ‚ as well as the strategic choices made by the organisation as a whole” (Eldridge and Crombie‚ 1974 p. 89). The cultural aspect within most mergers and acquisitions has been an area that has been overlooked. There has been estimations and evidence that the failure rate for Mergers and Acquisitions is greater that 50%‚ and this evidence also suggests that a lack of understanding towards the human capital as the primary source of failure (Deogun and Lipin‚ 1999; Ho‚ 2000;
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successful because it provides a lot of entertainment that humans need. For example‚ today many people are watching or downloading free entertainment on the internet‚ and many people are playing on-line games. In contrary‚ the internet has a lot of disadvantages. There have been many people who became victims of pornographic sites on the internet.When your computer connects to the internet it is often the case that a virus attacks your computer hard disk. In addition‚ many people steal personal information
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