To find the equation of the tangent: EITHER: y = mx + c y = 3x + c Substitute x = 0‚ y = -2: -2 = 3(0) + c i.e. c = -2. So equation is y = 3x - 2 OR: where m = 3 Substitute x = 0‚ y = -2: i.e. y = 3x - 2 Applications of Differentiation Recall: A turning point is a maximum if A turning point is a minimum if . Example: Find the equation of the normal to the curve at the point where x = 4. Solution: The curve can be written as Therefore‚ When x = 4‚ and
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Management vs. Leadership Businesses are complex organizations made up of ideas‚ various ethics‚ numerous people‚ and a common goal. There are many tools that help effectively control these functions of a business. However‚ it takes a different type of person to be an effective leader. They have different thought patterns and processes‚ management styles‚ etc. It is the intent of this paper to address the difference between management and leadership. Also it will discuss common daily examples
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Leadership vs. Management Much has been written about the difference between management and leadership. In the past‚ competent management staffs ran effective companies. In light of our ever-changing world‚ however‚ most companies have come to realize that it is much more important to lead than to manage. In today’s world the old ways of management no longer work. One reason is that the degree of environmental and competitive change we are experiencing is extreme. Although exciting‚ the world
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Management vs. Leadership The comparison and differences of traits between leadership and management techniques and styles is like comparing apples and oranges. Leadership should be an asset of management but unfortunately not all managers have leadership qualities A manager is a director‚ an overseer‚ someone who dictates employees. A leader is focused on organizing and inspiring people to be entrepreneurs. The role and responsibilities of both leaders and managers in creating and maintaining
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MANAGEMENT VS. LEADERSHIP Management and leadership have many similarities‚ yet there are many differences that separate a manager from a leader. Merriam-Webster defines leadership simply as "the office or position of a leader‚" "the capacity to lead‚" or "the act or an instance of leading." They also define manager as "a person who conducts business or household affairs‚" "a person whose work or profession is management‚" or "a person who directs a team " However‚ Merriam and Webster do not
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Best-Cost Strategy VS Low-Low Cost Strategy Q1: What is the difference between best-cost strategy and low-cost strategy? Best-cost strategy is when the company makes an upscale product at a lower price which in turn gives more value to customers in exchange of money. This means that the strategy involves focusing towards customers who are value-conscious and are willing to pay money in exchange of a good that has upscale features. Low-cost strategy focuses on niche customers. They sell their
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Leadership vs. Management By Jason Billings Professor Ohaire Management 352 10 December 2012 What determines the success of an organization? There is not one simple answer to this question‚ but indeed several factors involved. Although‚ there are several factors that play a role in the success of an organization‚ I’ll focus on two of the most important ones: leadership and motivation. In the
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firm is manufacturing is in direct connection with the marginal product. Sometimes‚ less is more and less employees using the right equipment and technologies are able to perform much efficient that a greater number of employees that are using old tools in their activity. . As you well said‚ marginal cost and marginal product are strongly connected. When the value of the marginal cost is dropping‚ the value of the marginal product is raising and vice-versa. The quantity of the inputs can’t be changed
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Differentiation strategies are not about pursuing uniqueness for the sake of being different. Differentiation is about understanding customers and how GM ’s product can meet their needs. To this extent‚ the quest for differentiation advantage takes us to the heart of business strategy. The fundamental issues of differentiation are also the fundamental issues of business strategy: Who are GM ’s customers? How does GM create value for them? And how does GM do it more effectively and efficiently
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II. Introduction Product Layout is not always better than process layout. I disagree with the statement. To understand the reasons behind why this is not true‚ this paper details the concept of layout‚ differences between the layouts and applicability of product and process layout. Facility layout is the physical arrangement of equipment‚ offices‚ rooms and other resources within an organization. It describes the location of resources and their relationship to each other. Layout planning aims
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