GLOBALISATION - A SHORT HISTORY People around the globe are more connected to each other today than ever before in the history of mankind. Information and money flow more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world. International travel is more frequent. International communication is commonplace. We live in an intensely interdependent world in which all the earth’s peoples with their immense differences of culture
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University‚ Patiala(Punjab). ABSTRACT Globalization refers to the process of integration of the world into one huge market. It provides several things to several people with removal of all trade barriers among countries. Globalization happens through three channels: trade in goods & services‚ movement of capital and flow of finance. Globalization in India is generally taken to mean ‘integrating’ the economy of the country with the world economy. The real thrust to the globalization process was provided
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and the Functions‚ Roles and Skills of a Manager I. History a. Pre-scientific Management Ancient Times: Although management problems and solutions occurred in the ancient times‚ the emergence of ‘management’ as an independent field of study is fairly recent (right after the Industrial Revolution) Middle Ages: Businesses were family-run. A family’s surname (alas‚ Fisher‚ Farmer‚ Taylor‚ etc.) describes the nature of its craft. The head of the family is the manager as well as the owner
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I Course Title : Managerial Economics Course Credits : 3 Course Faculty : Prof. Animesh Singh Learning Objectives At the end of this course‚ the student should be able to: • develop a basic understanding of economics as an important tool for taking effective managerial decisions; • develop the concept of managerial economics and its applications; and • to apprise how managers need to understand fundamental demand supply
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SPIRITUALITY – Its Relevance to Management Way back in 1960‚ when late M.F. Kennedy‚ President of United States of America‚ stated that by the end of the decade the man will set his foot on Moon‚ nobody believed him including the Scientists and the Astrologers. They thought it was incredulous and unattainable. Nevertheless‚ it became true because there was political will and outer space conquered. What we need today is to conquer inner space – the hearts and minds of people engaged in business
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Managerial Economics Introduction Economic principles inform good business decision making. Although economics is sometimes dismissed as a discourse of practical relevance to only a relatively small circle of academicians and policy analysts who call themselves economists‚ sound economic reasoning benefits any manager of a business‚ whether they are involved with production/operations‚ marketing‚ finance‚ or corporate strategy. Along with enhancing decision making‚ the field of economics provides
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1) How do organizations cope with/postpone prospered obsolescence of managerial personnel. How do organizations cope with/postpone prospered obsolescence of managerial personnel. Discuss the role of leadership in the process. Explain with an example from an organization known to you. Please describe the organization briefly Obsolescence of managerial personnel is a situation where managers cannot keep up with the latest technology or are not as well-qualified as more junior staff Postponement
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business and what roles managers play in each department. All business will carry out each functions but not every business will have a separate department that is responsible for each function. All businesses need to be well organized to achieve their aims and objectives. Certain tasks‚ or functions‚ must be done regularly and these are usually grouped into specific types of activities. It is all depends on the size of organizations. Leading people is usually part of what a manager does‚ but the
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alliances. But clashes and arguments that eventually caused the war can be traced back to the early 1800’s. One of the most significant causes of the First World War was tangled alliances; Europe was divided into two main groups‚ the Triple Alliance and the Triple Entente. The war spread quickly once alliances were involved. The first and one of the most significant alliances which did indeed influence the war to a huge extent was between Belgium and Britain agreeing that Belgium was a neutral country
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Managerial Competence within the Hospitality and Tourism Service Industries “Excellent reading and source of knowledge for researchers and business practitioners who deal with the issue of managing culturally diverse workforces in the domestic or international setting.” – Henri Jolles‚ European School of Management‚ France “A ground breaking research culminating in a new paradigm of managerial excellence on global managment” – Dr Willem Arthur Hamel‚ Chairman‚ Maximilian Press Publishing Company
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