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
Premium Management Budget
|Entry Mode |Advantages |Disadvantages | |Joint Venture |Gain immediate access to local partner’s knowledge‚ |Coordination between partners may not be smooth | | |expertise‚ networks‚ and market share |Political risk exposure is high | | |Development
Premium Economics International trade Brand
portrayed‚ due to the fact that they were able to adapt to a new way of life when their previous way of living changed‚ even though they have no choice‚ they learnt to adapt and make do with what they have. The Métis were at a disadvantage‚ some may think they were taken advantage of‚ they were unfamiliar “with the complexities of the new legal system‚” there were “difficulties in reading or speaking English; and lack of contacts with prospective buyers (Flanagan‚ pg. 18).” According to Sprague‚ he “argues
Premium Learning Management Psychology
inability to effectively cater to target groups and unchanging poverty levels (Tony Addison 2008). This essay focuses on advantages and drawbacks of micro-credit schemes. Advantages of Micro-Credit Micro-credit scheme is not only to allow the poor obtaining an opportunity to change their lives but also to improve the economic conditions in our society. Firstly‚ the most and important advantage towards micro-credit is that it gives the poor an opportunity to loan a small amount of money. Nowadays
Premium Poverty Microfinance Grameen Bank
Advantages and Disadvantages of Technology This paper will discuss the pros of the use of stun guns and patrol car videos. This form of technology is being used every day by law enforcement agencies around the world. They are continuingly striving to make stun guns and surveillance cameras better. Patrol car videos have caught numerous illegal events by police and suspect that have committed a crime. Police stun guns and patrol car videos are very important to all law enforcement agencies. Law
Premium Police
Advertising can be regarded as having two separate functions‚ one of persuading and one of informing consumers. Against some who claim that persuasive advertising using irrational means is moral as long as the product or service it represents is good or useful‚ this paper argues that by denigrating human reason such advertising is always immoral. On the other hand‚ advertisements which present information in a straight-forward and truthful way are always moral no matter what they advertise; indeed
Premium Advertising Marketing Social contract
biggest fried chicken join in the planet. [Online] available at: [Accessed 09 October 2012]. Honan‚ M. 2011. Steve Job is dead. [Online] available at: < http://gizmodo.com/5838847/steve-jobs-is-dead> [Accessed 28 September 2012]. Morgan‚ R. 2012. Disadvantage in branding. [Online] available at: [Accessed 28 September 2012]. Musil‚ S. 2012. Apple settles iPad trademark dispute in China for 60M. [Online] available at: < http://news.cnet.com/8301-13579_3-57464626-37/apple-settles-ipad-trademark-dispute-in-china-for-$60m/>
Premium Brand Trademark Branding
reference to a court of law. With this‚ the controversial question regarding the advantages and disadvantages of arbitration over litigation has occurred by also bringing along two different perspectives as to the issue in question. There are some several major advantages that make arbitration a more desirable and preferable method as a dispute resolution rather than litigation. Although there are some disadvantages of arbitration that are needed to be taken in to consideration by parties before
Premium Dispute resolution Arbitration Court
ADVANTAGES Plastic is very useful in the building and construction‚ electronics (laptops wouldn’t work well if they were made from glass)‚ packaging (gladwrap)‚ transportation industries. Very easy to make - water bottles‚ plastic bags‚ pens‚ cups etc etc The main advantages of plastic materials are also the reason why plastic is such a problem. It lasts forever and it is very cheap to make. When I say it last forever‚ I mean it does not biodegrade. There is a flotilla of plastic the
Premium Oxygen Plastic Natural environment
One advantage of economic globalisation comes from the free trade. “Two nations can benefit from free trade by specializing in producing those products in which they enjoy a comparative advantage” (Case & Fair 2004‚ p.716). A country enjoys a comparative advantage in the manufacturing of a good if the production has a lower opportunity cost than it would have if produced in other country. When specialization takes place in a production‚ the production will become more efficient. It is due to research
Free Economics