Agreement is an important aspect in the formation of a contract. A contract is a legally binding agreement between 2 parties. A contractual agreement is said to exist when a valid offer is followed by a valid acceptance. • Sometimes people will negotiate to try to gain something different from what is first offered. This may make it difficult to know exactly when a contract is formed and when legal obligations begin. Components necessary for contract formation • 1. An OFFER- a promise to be bound
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May-funel989 STRATEGIC INTENT by Gary Hamel and C.K. Prahalad "oday managers in many industries are working hard to match the competitive advantages of their new global rivals. They are moving manufacturing offshore in search of lower labor costs‚ rationalizing product lines to capture global scale economies‚ instituting quality circles and justin-time production‚ and adopting Japanese human resource practices. When competitiveness still seems out of reach‚ they form strategic alliances-often
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Strategic Audit Name Institution PART A: Advantages of a Strategic Audit A strategic audit measures the quantitative and qualitative aspects of the performance of a firm based on its past performance. This information will be important to the management in regard to the making of strategic business decisions (Victoria‚ 2010). Strategic auditing has many advantages. First‚ strategic auditing fosters quality decisions resulting from a conceptual understanding of
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What is a Strategic Planning? It is a well written mission statement for any organization which drives its business towards its goals - be it profits‚ standards‚ market value‚ customer satisfaction? Can the plan be flexible or adaptable as many of you have discussed here? I believe that every organization need to follow the strategic intent in today’s ever changing world. There are some factors that can be predictable but many factors are not. An organization‚ in order to succeed need to have
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Strategic Plan Over the past 7 years I have dedicated my time working for Honda Automobiles‚ a fortune 500 company. I have witnessed success and failure from this organization. The business was so inconsistent that I would go from working 7 days a week for almost 2 years‚ to being laid off 2 times during the 7 year span I worked there. I would never know my hours‚ sometimes I worked every day of the week and sometimes I worked 4 days a week. I know that Honda has been and
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I disagree with some of the ideas presented in “Aspects of Western civilization.” Perry Rodgers‚ the author‚ gives a magnificent account of historical events in the book. The part of Mesopotamian civilization has an epic poem of the story of Gilgamesh. The items that I will dispute in the story will include the battle between the king and Enkidu. Also‚ I disagree with how the gods use their powers. Finally‚ I am not for the idea of Gilgamesh looking for the key to living an everlasting life. I
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more; it is nothing short of spectacular. I will explain about some of the different aspects of the Japanese life style as well as take a cultural look into the life of the Japanese. Finding a place to live in Japan isn’t easy. Limited supply and high demand result in tiny‚ hutch size homes with high rent rates. On average‚ dwellings in Japan have 91.92 square meters (about 989 square feet) of floor space‚ which is not very much compared to the average house sold in the United States. By Western
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source of competitive advantage when aligned to strategic business planning and organizational culture (Collins & Smith 2006; Khatri 2000; Panayotopoulo & Papalexandris 2004; Poole & Jenkins 1996; Wright & McMahan 1992). This focus on the strategic role of HRM in meeting business objectives by creating an organizational environment that encourages employee behaviours and capabilities that contribute to firm competitive advantage has been labelled strategic human resource management (SHRM) (Bowen & Ostroff
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Very simply put‚ strategic planning identifies where the organization wants to be at some point in the future and how it is going to get there. The "strategic" part of this planning process is the continual attention to current changes in the organization and its external environment‚ and how this effects the future of the organization. Skills in strategic planning are critical to the long-term success of your organization. This form of planning includes: a) Taking a wide look around at what
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THE IMPORTANT ASPECTS OF EFFECTIVE COMMUNICATION Introduction Effective communication helps us better understand a person or situation and enables us to resolve differences‚ build trust and respect‚ and create environments where creative ideas‚ problem solving‚ affection‚ and caring can flourish. As simple as communication seems‚ much of what we try to communicate to others—and what others try to communicate to us—gets misunderstood‚ which can cause conflict and frustration in personal and
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