August 28‚ 2008 CEMBA MANAGEMENT AND ORGANISATION ASSIGNMENT Distinguish Between Transactional and Transformational Leadership (Block 7‚ Question 2‚) Leadership is the process by which a person exerts influence over others‚ and inspires‚ motivates‚ and directs their activities to help achieve group or organisational goals. It is about coping with change. A leader is faced with many challenges‚ particularly in complex‚ rapidly changing environments. This means more than just sustaining
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source same End result ! ends with financial statements ! integral part of other business aspects B. Cost Accounting Terminology 1. Nature of Cost Cost - A sacrifice of resources: Cost is a measurement in monetary terms of the amount of resources used for some purpose. Expense - The cost charged against revenue in a particular accounting period. 2. Purposes of Gathering Cost Information Routine decision making:
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Generally‚ the term cost of production refers to the ‘money expenses’ incurred in the production of a commodity. But money expenses are not the only expenses incurred on the production of a commodity. There are number of services and inputs such as entrepreneurship‚ land‚ capital etc.‚ which are offered by an entrepreneur without changing any price or receiving any payment for them. While computing the total cost of production‚ allowance should be made for such expenses. It is therefore essential
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COST CONCEPTS AND COST ACCOUNTING By: Aman Jawahar Sarika Deepak Muneer CONTENTS Concept of Cost Cost Accounting Terms in Cost Accounting Elements of Cost Meaning of Overheads Classification of Costs Methods of Costing Types of Costing MEANING: Cost Concept: The term ‘cost’ means the amount of expenses [actual or notional] incurred on or attributable to specified thing or activity. Cost means ‘the price paid for something’. Cost Accounting: Cost Accounting is concerned with recording
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ASSIGNMENT ON COST CONTROL AND COST FREDUCTION SUBMITTED BY‚ MOHAMMED NAFAISE E.K ROLL NO: 1600 COST CONTROLL & COST REDUCTION COST CONTROL The practice of managing and/or reducing business expenses. Cost controls starts by the businesses identifying what their costs are and evaluate whether those costs are reasonable and affordable .Then if necessary
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IMD-6-0249 (POM 249) v. 29.05.2006 INTERNATIONAL THE “mi adidas” MASS CUSTOMIZATION INITIATIVE Rolf Reinschmidt‚ head of the Forever Sport Division of adidasSalomon AG‚ was reviewing adidas’ mass customization (MC) initiative: “mi adidas”: We all talk a lot about experiences these days--experiences that consumers and retailers expect to have with brands like ours [adidas]. Well‚ here is an experience our brand is uniquely able to offer‚ differentiating us significantly from the competition
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Leadership Skills Development Course Outline Good leaders have always been expected to be able to solve new problems‚ capitalize on new opportunities and navigate through the ever-changing landscape of business. Leadership is a complex process by which the leader influences others to perform and achieve. The leadership attributes – belief‚ values‚ ethics‚ character‚ knowledge‚ and skills – are all traits‚ which can be learned. This course provides the basis for understanding what leadership
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Adidas Human Rights Policy and Euro 2000 Since the late 1990 Adidas has struggled to find a new strategy concerning 4 principal trends: carry out a total organizational restructure face a growing environmental uncertainty by elaborating a contingency strategy maintain and improve it’s public image threatened by social activist programs manage an external supply chain In the end of 1980 and the beginning of 1990 adidas was brought to the brink of bankruptcy‚ representing inflexible‚ rudderless
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understanding about cost accounting. This paper will discuss: Why is cost accounting so important to the success of the firm; what are the various methods of cost accounting and how are they used; how does an operating budget work to discipline a firm’s management; what are the elements of a budget; how are budgets constructed; what is variance analysis and how it is used. Cost accounting can be described as the process of accumulating‚ measuring‚ analyzing‚ interpreting and reporting cost information
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1. What are the attributes of having an unique culture Vs. a common culture? Organizational culture can be understood as a set of values and basic assumptions‚ developed collectively and that guide organizational behavior. Directs the way to perceive‚ think and feel the reality within the organization‚ as it serves as a model for dealing with the problems of adaptation and interaction. Organizational culture can be understood through: Observable artifacts (manifestations of an organization’s
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