different departments of their business in different area of the world. For an organisation not to have an accurate budgeting is like working without any plan because budget take an important role in the day to day running of a business and also most importantly the future. Budget is important for the following reason * Planning of annual operation * Coordinating the activities of various part of organisation and ensuring that the parts are in harmony with other * Communicating plan to
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“Organisational behaviour is one of the most complex and perhaps least understood academic elements of modern general management‚ but since it concerns the behaviour of people within organisations it is also the most central... its concern with individual and group patterns of behaviour makes it an essential element in dealing with the complex behavioural issues thrown up in the modern business world.” This paper focuses on two areas of organisational behaviour that are considered crucial in
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1 ECON 331: INDUSTRIAL ORGANISATION TOPIC: ANALYSIS OF THE NEWSPAPER ARTICLES SUBMITTED BY: Vishakha Agarwal BABE-3 110144 2 INTRODUCTION 1. PRODUCT DIFFERENCIATION “Diversity is the staff of economic life.” The theoretical tool of dealing with diversity is product differentiation. (Rosen.2002). It is an important component of imperfectly competitive strategic interaction. Sometimes‚ producers create physical and psychological differences between goods that are nearly identical
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Emotions in Organisations What are emotions? Physiological‚ behavioural and psychological episodes experienced toward an object‚ person or event that create a state of readiness A feeling‚ psychological state and biological state that incline a person to act in a certain way Emotions are experiences. Emotion and Work As actors we all through the process of socialisation learn how to control and manage emotions in certain contexts Emotions are getting more important in service section – service
Free Emotion Arlie Russell Hochschild Feeling
myself I want to participate in something that doesn’t just help people around me but also I want to feel good hearted while contributing good deeds. This year I took on a bigger responsibility by getting my friends and family involved. Community Service shouldn’t be a job or something that you do but have no excitement in while participating. Evolving your friends makes the experience much more exciting and rewarding. Getting my parents involved gained me responsibility and maturity. This year
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Specialization The degree to which individuals perform some of the required tasks to the exclusion of others. Individuals can become experts on certain tasks‚ leading to better performance for the entire organization. Centralization The degree two which important decisions and tasks performed at higher levels in the management hierarchy. Centralized structures place authority and responsibility at higher management levels. Sales Force Specialization Continuum Generalists All selling activities
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stakeholder is mainly concerned with an organization delivering better results and meeting its financial objectives. There are two types of stakeholder. 1. Internal Stakeholder 2. External Stakeholder Internal Stakeholder:- Internal Stakeholder is someone who works inside the organization or anyone within the organization that will benefit from the company’s profits. For example:- * Employees Employees are one of the biggest stakeholders for any organization. As they have a main role in the
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Ecological Services The concept of Ecological services is how we are using the environment to provide a better service for us and to also help the environment. There are several different types of Ecological services that we can discuss that provide different services for animals and humans alike. The types of ecological services that I would like to discuss are purification of air and water‚ maintenance of biodiversity‚ decomposition of wastes‚ soil and vegetation regeneration and renewal‚ pollination
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INTERNAL CHECK i. INTERNAL CONTROL MEANING AND DEFINITION THE COUNCIL OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF ENGLAND AND WALES “ the whole system of control financial and otherwise‚ established by the management in order to carry on the business of the company in an orderly manner‚ safeguard its assets and secure as far as possible the accuracy and reliability of its records.” It is the whole system of controls established by the management for the proper conduct of the various activities
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effort to increase an organization’s effectiveness or efficiency. OD theorists and practitioners define it in various ways. Its multiplicity of definition reflects the complexity of the discipline and is responsible for its lack of understanding. For example‚ Vasudevan has referred to OD being about promoting organizational readiness to meet change[citation needed]‚ and it has been said that OD is a systemic learning and development strategy intended to change the basics of beliefs‚ attitudes and relevance
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