recognized for a legal or constructive obligation arising from a past event‚ if there is a probable (more likely than not) outflow of resources and the amount can be estimated reliably (IAS 37.14). In contrast‚ according to FASB ASC 450-20-25-2‚ a contingency (provision) is recognized if it is probable (likely) that a liability has been incurred and the amount is reasonably estimated. Scenario 1 (1) Under IFRSs: According to IAS 37.22‚ the contamination of the land gives rise to a legal obligation for
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“Project Green Spark” ….Electricity Generation from Bryophyllum_pinnatum‚ Crassula ovate & Kalanchoe plants…. Key features: 1) A complete natural source of electricity produced from Bryophyllum plants which are scientifically proven. 2) A renewable version of contemporary electricity solution capable of running any sort of machineries or equipment. 3) An electricity generation plant which is significantly more environment friendly and will replace the extensive use of
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TABLE OF CONTENT INTRODUCTION: Until the economic liberalization of Indian economy‚ the India Textile Industry was predominantly unorganized industry. The opening up of Indian economy post 1990s led to a stupendous growth of this industry. India Textile Industry is one of the largest textile industries in the world. Today‚ Indian economy is largely dependent on textile manufacturing and exports. India earns around 27% of the foreign exchange from exports of textiles. Further‚ India
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innovate our goods according to customer wants so as to satisfy them. • Price of the goods also is relief but it is depending on the quality of the goods. MARKET STRATERGY These are the policies and rules that we have established to guide the business operation in our company. These policies are ensured that all departments follow in order to meet requirement of the company and our customer. The following are some strategies that used to reach our objectives:- • To ensure that distribution methods
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Case Analysis Herman Miller: The Invention and Renewal of an Iconic Manufacturer GM 599 Strategic Management in Global Environment Professor: Ernesto Escobedo Shehzad Karedia Herman Miller Inc started back in 1905‚ as a furniture company. The Star Furniture Company was a manufacturer of traditional-style bedroom suites in Zeeland‚ Michigan. It changed its name to Michigan Star Furniture Company‚ in 1909. Dirk Jan De Pree was hired as a clerk
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CONTINGENCY THEORY Contingency Theory is a class of behavioral theory that claims that there is no best way to organize a corporation‚ to lead a company‚ or to make decisions. Instead‚ the optimal course of action is contingent (dependent) upon the internal and external situation. The leading practitioners of which were Tom Burns‚ Joan Woodward‚ Paul Lawrence‚ Jay Lorsch‚ and Fred Fiedler‚ an otherwise theoretically eclectic group who were nevertheless united in their belief that no single organizational
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who helped‚ participated and inspired the researchers for making our business plan a success. First of all the researchers would like to thank God for giving us patience‚ strength‚ knowledge‚ and guiding us through accomplishment of this business plan. We also heartily give thanks to our beloved parents for giving us lots of understanding‚ guidance‚ and moral support and for financial help in the preparation of this business plan. The researchers would like to thanks for the following people in
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Fiedler’s Contingency Model: Fred E. Fiedler was one of the first leadership researchers to acknowledge that effective leadership is dependent on the characteristics of the leader and the situation. The contingency model helps to explain why a manager may be an effective leader in one situation and ineffective in another. The contingency model also shows which managers are likely to be most effective in what situations. It is said by Fiedler‚ that personal characteristics can influence leader effectiveness
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each part of the system selected The contingency approach. Contingency approach to management theorizes that different situations and conditions require different management approaches. During the 1970’s the contingency approach gained popularity. Promoters and advocates of this theory believe that there is no one best way in managing; the best way depends on the specific circumstances. What makes the contingency approach different from other approaches is that it goes beyond
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Paper Furniture | Assessment 1 | Dhathri Bhupathi‚Vani‚Vaarshik‚Pranav | 1/8/2013 Contents 1-INTRODUCTION………………………………….2 2-PRICE OF THE PRODUCTS……………………..3-4 3-MARKET…………………………………………….6 4-VIABILITY 4.1-FINANCIAL VIABILITY…………………………9 4.2-TECHNICAL VIABILITY…………………………10 5-SUMMARY…………………………………………….11 Paper furniture 1.Introduction We have chosen this particular area to explore and develop a new market‚ basically for 2 main reasons. 1. Global warming: it has become one of the leading concerns
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