1. Agency Problems of MNCs. a. Explain the agency problem of MNCs. ANSWER: The agency problem reflects a conflict of interests between decision-making managers and the owners of the MNC. Agency costs occur in an effort to assure that managers act in the best interest of the owners. b. Why might agency costs be larger for an MNC than for a purely domestic firm? ANSWER: The agency costs are normally larger for MNCs than purely domestic firms for the following reasons
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In a broad manner‚ organisational theories can be defined as formal social organisations and their interrelationship with the environment in which they operate. This reading provides insight into the agency and the contingency organisational theories‚ and how management implement these theories into the environment in which their business operates. It also outlines the issues and limitations of these theories‚ using the Coca Cola company as a relevant case study. In addition‚ this essay examines
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A Term Paper On Fundamentals of tourism & hospitality management Submitted To Dr. Md. Ashraful Islam Chowdhury Professor Department of Marketing University of Dhaka Submitted By Group Name: “Milestone” Section: B Department of Marketing (17th Batch) University of Dhaka Date of Submission: 11- 04-2012 LETTER OF TRANSMITTAL April 11‚ 2012 Dr. Md. Ashraful Islam Chowdhury Professor Department of Marketing
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The agency theory deals with agency problems resulting from conflicts of interest that may emerge in contractual relationships when parties are differently informed or uncertain. The main objective of agency theory is to explain how contracting parties design contracts to minimize the costs associated with such problems. Agency theory also underscores the existence of market and institutional mechanisms that complete contracts to reduce these problems. Agency theory upon two key concepts: asymmetric
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various government agencies were established by the government plan‚ control‚ assist and implement agency will be able to perform its functions smoothly‚ the agencies concerned must be organised in a proper‚ systematic and effective manner. In addition‚ the government would appoint officers to hold public services posts at various levels. The administration of a government agency would be incomplete without financial allocation to pay for all its activities. To finance the agencies‚ a yearly allocation
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directories provide the detailed information travel agents need to properly service clients. An agent can compare one property’s costs‚ location‚ amenities‚ and facilities with each other. Brochures A property can also include large quantity of for agency clients in its information
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results‚ the conclusion was made that travel agencies can improve the current business model by altering the current marketing strategy. This can be accomplished by properly addressing each age with specific advertisements tailored to the characteristics of each generation. Also‚ a stronger relationship with client can be achieved through the implementation of technology to make the travel planning process more convenient. Finally‚ the perception of travel agencies must be repositioned in the mind of the
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offer them advance booking services. Another responsibility of travel agents is to give important pieces of advice to the clients before the holiday such as: weather‚ vaccination and offer passport and visa services. DIFFERENT TYPES OF RETAIL AGENCIES Independent This is the type of travel agents that has only one business firm. For this reason‚ it is not part of a chain and is usually owned and managed by a single proprietor. The products and services that this type of travel agent is said
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assignment will contain the information and examples of impacts as well as explanation how the impacts developed the retail environment. The technology has big impacts on the travel agencies. There are many positives and negatives that the technology has brought to the whole industry. The impact of technologies on travel agencies is so profound‚ that in fact it should be viewed as a key factor for their success. The internet has changed the retail environment completely. It has provided opportunities for
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always challenging without practise. When you are in a trip abroad‚ you meet native speakers who can help you to resolve the difficulties. However‚ some people argue that going abroad is expensive and exhausting. In particular‚ dealing with travel agencies‚ required papers and documents‚ long way to the destination – all theHave you ever noticed how beautiful the world is? There are so many places of interest‚ historical monuments and unknown areas that people can explore our planet endlessly. Some
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