Information gathering and Accounting/Business techniques Information gathering Lucky Cement is listed on Karachi Stock exchange therefore getting information was never really a big problem. As primary data LCL’s own website http://www.lucky-cement.com was a big source of information for me‚ but I had to look into other secondary sources like company’s annual reports‚ newspaper‚ internet etc to make my analysis more comprehensive I used the following secondary sources to gather my information
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1. Assume that you are running your own business. After your MBA class you realized that you do not have a business continuity plan. Explain as to how you are going to delegate the work of preparation of business continuity plan for your business to your subordinate. Explain the main area you ask him to consider. We need a business continuity plan to keep the company up and running through interruptions of any kind; it may be power failures‚ IT system crashes‚ natural disasters‚ supply chain problems
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Internal Control: Management Information System (MIS) The OLUS HOTEL is a 100% Filipino-owned corporation duly registered with the Securities and Exchange Commission since June 2009. It is a three-story building along Quezon Hi-way. Situated at the techno hub district of Quezon‚ its presence has helped spur the current thrust and development of other areas going farther north. This synergistic relationship has given several competitive advantages‚ which are translated into profits for the sustainable
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Managers are frequently referred to as decision makers. Managers make decisions about every aspect of the organisation‚ including strategy‚ structure‚ control systems‚ responses to the environment and human resources. Decision making is not easy. It is done in the face of constantly changing conditions‚ unclear information and conflicting points of view. Types of decisions and problems A decision is a choice made from available alternatives. Decision making is the process of identifying problems
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QUESTION 1: LIST THE BUSINESS MODELS USED BY M & S Product/ Service Customization Model M & S moderately or diligently aligns its products and ideas based on the dynamic or ever transforming market trends and fashion needs. According to the case study‚ M & S is highly concentrated in the fashion industry and its ever-growing demand for its exclusive garments and customized accessories. Hands-on approach is mostly utilised by modelling agencies to fulfil the industry’s standards‚ and in the process
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Benefits of information system for business After several years of turbulence of internet stocks and the resulting failure of many companies‚ it is easy to understand the impact of information system in daily life. Yet‚ everyday we read article about IT technology helping the growth of the business. They are many advantages that most people agreed: they create value largely or exclusively through the gathering‚ synthesizing and distribution of information‚ they formulate strategy in ways that make
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TASK1 OM is one of the three major functions of any organization‚and it is integrally related to all the other business functions.All‚organizations market‚finance‚and produce‚and it is important to know how the activity functions. OM let us understand what operations managers do‚regardless of you job in an organization‚you can perform better if you understand what operations managers do. OM provides a major opportunity for an organization to improve its profitability and enhance its service to
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Business Management Essay COMPANY: Starbucks Subject; “Discuss the impact macro factors may place upon your chosen organisation in the future (1-5 years) and how the organisation may positively manage this”. When speak from macro and micro perspective we must bear in mind that these are two different phenomenon’s. Micro factors can be described as factors that people and businesses keep in mind when making decisions concerning the allocation of resources‚ whereas macro factors can be described
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MNB1501/101/3/2013 Tutorial letter 101/3/2013 BUSINESS MANAGEMENT 1A MNB1501 Semesters 1 & 2 Department of Business Management IMPORTANT INFORMATION: This tutorial letter contains important information about your module. CONTENTS Page 1 2 2.1 2.2 3 3.1 3.2 3.3 4 4.1 4.2 5 6 7 8 8.1 8.2 8.2.1 8.2.2 8.3 8.4 8.5 8.6 8.7 8.8 9 10 11 12 13 INTRODUCTION ............................................................................................................................ 4 PURPOSE
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The researcher has found the following studies and literature as relevant to the system being proposed. Records and information management (RIM) is the field of management responsible for the efficient and systematic control of the creation‚ receipt‚ maintenance‚ use‚ and disposition of records‚ including processes for capturing and maintaining evidence of and information about business activities and transactions in the form of records Recording is a vital part of all kind of transactions. The widespread
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