THEORY OF CONSTRAINTS The Theory of Constraints (TOC) is a management philosophy where three financial measures of profit‚ return on investment (ROI) and cash flow are presented. All three of these measurements are necessary. First‚ we need an absolute measurement of profit‚ the amount by which revenues exceed expenses. Second‚ we need the relative measurement of ROI that compares the amount of money made relative to the amount invested. Finally‚ we must have enough cash coming in to meet expenses
Premium Theory of Constraints Rate of return
Collision Theory The theory proposes that molecules must collide in a particular way with a certain amount of energy to ultimately form a new product. This is because only a select portion of molecules during a reaction have enough energy and the correct orientation to break any existing bonds to form new ones at the moment of impact with other reactants. The very minimum amount of energy needed for this process to occur is referred to as activation energy. Collision theory explains why reaction
Premium Chemical reaction Reaction rate
1. Systems theory and the Ecological perspective As a social worker‚ one must understand the impact of systems in the environment. The interactions between the individual and their multiple systems give social workers a visual of how to interpret their consumer ’s life. System theories is one way to try to interpret a consumer ’s life to have somewhat of a general idea of how to help solve the problems they are facing. The easiest way to view system theories are by creating
Premium Systems theory Cybernetics Social work
This essay will start by giving an introduction and a brief history of the origins of dependency theory and how these developing countries have found themselves in the state of dependency. It will then proceed to outline and discuss the major tenets of the dependency model. The essay will further analyze why developing countries have maintained links with the western societies even after realizing that the same links have played a role in under developing these third world countries and then a
Free Developed country Developing country Human Development Index
planning model by pulling together the major theories of consumer behavior and advertising to make the FCB Grid. Vaughn (1980) reviewed four traditional theories of advertising effectiveness from which effects on marketing have been noticeable. These four theories are Economic‚ Responsive‚ Psychological‚ and Social theories. Each theory is applicable to the four quadrants in the FCB Grid‚ and definitions and applications of each four traditional theories of the grid will be covered in the explanations
Premium Theory Dimension Psychology
of view of Utility Theory. As consumers‚ we are constantly forced into making choices. They face a variety of goods and services which can be purchased‚ but often are limited by the amount of money with which those purchases can be made. The utility theory‚ also sometimes referred to as the consumer behavior theory‚ is often used to explain the behavior of individual consumers and the amount of satisfaction a consumer derives from the consumption of goods and services. The theory of consumer behavior
Premium Consumer theory Utility Preference
Hall‚ Theory Hall has become one of the main proponents of reception theory‚ and developed Hall’s Theory of encoding and decoding. This approach to textual analysis focuses on the scope for negotiation and opposition on part of the audience. This means that the audience does not simply passively accept a text — whether a book or a film — and that an element of activity becomes involved. The person negotiates the meaning of the text. The meaning depends on the cultural background of the person
Premium Stuart Hall Cultural studies Sociology
Handbooks in Central Banking No. 23 CONSUMPTION THEORY Emilio Fernandez-Corugedo Series editors: Andrew Blake & Gill Hammond Issued by the Centre for Central Banking Studies‚ Bank of England‚ London EC2R 8AH E-mail: ccbsinfo@bankofengland.co.uk July 2004 © Bank of England 2004 ISBN 1 85730 143 9 Consumption Theory Emilio Fernandez-Corugedo1 Centre for Central Banking Studies‚ Bank of England 1 This Handbook represents the views and analysis of the author and should not be thought to represent
Premium Economics Consumption function Consumer theory
Cultivation Theory: Reality Versus Fiction Cultivation theory is a social theory‚ which examines the long-term effects of television on American audiences of all ages. Developed by George Gerbner and Larry Gross of the University of Pennsylvania was the Cultural Indicator project‚ which was used to identify and track the ’cultivated ’ effects of television on viewers. At a very basic level‚ cultivation theory focuses on the role of the media in shaping how people perceive their
Premium Cultivation theory Mass media Sociology
will make demands such as financial rewards‚ greater leadership responsibilities‚ promotions‚ or even basic recognition. (This "equity theory" follows true in relationships also. For example‚ if one partner feels as if he/she is putting more into the relationship than the other‚ he/she may opt to leave.) The military is a hard place to effectively use the equity theory due to the fact that the promotion system is based on a point and time in service scale rather than the individual accomplishment of
Premium Non-commissioned officer Sergeant Equity theory