Cost Accounting – Classification of costs Cost accounting refers to a process of accumulating‚ recording‚ classifying and analyzing all costs incurred at various levels of production. The purpose of cost accounting is manifold. It provides a final selling price‚ suggests the best possible course of action where maximum savings are possible and a strategy for future. Cost accounting is also constructive in comparing the input and output results that ultimately aids the management to arrive at a financial
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Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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! Negative leadership and recommendation to improve quality of leadership.! 1 Running Head: Negative leadership and recommendation to improve quality of leadership. Leadership Sibo Zhang May 24th‚ 2013 Applying Leadership Principles (SPRING 13-B-ORG300-11) ! Negative leadership and recommendation to improve quality of leadership.! 2 Definition of Leadership Leadership can be defined as a process of social influence in which a person can enlist the aid and support of others in
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ETHICS IN LEADERSHIP Ethics are the moral values in a human being. It is nothing but a feeling of knowing what is right and by default what is wrong .Ethics is not about codes‚ but about people who make decisions .Ethics is a generalized term. There are professional ethics and so on. This ethical behavior appears to contribute to credibility as a leader. A person’s ethics reflect the sum total of that individual’s experiences‚ education. The process of making good ethical decisions is complex
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Running head: LEADERSHIP THEORIES AND STYLES Leadership Theories and Styles Shameka L. Evans Indiana Wesleyan University Abstract Since the servant leadership concept was introduced by Robert K. Greenleaf in 1970‚ this style has been adopted by many successful leaders in a variety of contexts. Is servant leadership style right for you? This paper helps to answer that question for many leaders who may be interested in serving others first or in serving rather than being served
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CHAPTER 8: LEADERSHIP What is leadership? Leadership may be defined as the process of guiding and directing the behavior of people in the organization in order to achieve certain objectives. Leadership is that element that convinces members of an organization to behave in such a manner that will facilitate the accomplishment of the goals of the organization. The difference between leadership and management 1. Managers are more rational problem solvers‚ while leaders are intuitive‚ more visionary
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Selfish Leadership Leadership is rightly considered the axle on which the entirety of the entity in perspective rotates. The wide range of leadership styles in theory and the same manifested in real life scenarios‚ sometimes‚ sway too far away from being ideal. And that is just where fingers point at the validity of the leadership in question. There are two planes where this selfish motive exists and both connected. The managers not working towards achieving the organizational goals‚ but rather
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LEADERSHIP Assignment 1 According to (http://en.wikipedia.org/wiki/leadership) website‚ “Leadership has been described as a process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task. It is an organization of a group of people to achieve a common goal. Different business situations require different type of leadership qualities.” Basically we are going o discuss three types of Leadership: * Autocratic: In autocratic
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LEADERSHIP – INDIVIDUAL TERM PAPER Leadership – Individual Term Paper Mohammad Hatta Bin Adam Matric No 814970 Master of Business Administration Universiti Utara Malaysia INDIVIDUAL TERM PAPER TASKS 1. Select an individual that was considered as a leader from your own perspective 2. Discuss the individual’s ability in responding to the situation/scenario. Please state the situation/scenario faced by the respective leader in the paper 3. Consider theories and concepts in leadership
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manager makes the subordinates to work‚ a leader work with the people. Management philosophers and thinkers have been interested in identifying the difference between a manager and a leader. Some leaders show management skills and some mangers show leadership skills. It is now well established that there is difference between a manager and a leader. A leader leads from the front. His language will be like come let us do the work. On the other hand a manager believes in planning and coordinating the
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