Qus4. What are the assumptions of MM approach? Ans. Assumption of the MM approach The MM approach to irrelevance of dividend is based on the following assumptions: * The capital markets are perfect and the investors behave rationally. * All information is freely available to all the investors. * There is no transaction cost. * Securities are divisible and can be split into any fraction. No investor can affect the market price. * There are no taxes and no flotation cost. * The firm
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The sensemaking approach is when people or an organization offer a meaning to an experience by making sense of it. It is how they structure things that they don’t know‚ in order to take action on it. When people experience change‚ they face a gap between their expectations and their counterpart experiences‚ and they start to communicate and act in a systematic and structured way in order to make sense of what is happening. According to Fairhurst and Sarr (1996‚ cited in Bean and Hamilton‚ 2006) “To
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Political Perspective of an Organisation (AUSTRALIA POST) What is the connection between the structure of the organisation and the distribution of power in the organisation? The intrinsically political nature of organisation is recognised in the ways found to create order and direction among people with potentially diverse and conflicting interests‚ and the problems and legitimacy of management as a process of government and about the relation between organisation and society (Morgan‚ 2006)
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The Johari Window and the Dark Side of Organisations Author: Stewart Hase‚ Alan Davies and Bob Dick Southern Cross University Keywords: Organisation‚ management‚ organisational theory‚ corporatism‚ corporatist ideology‚ social theory‚ work‚ self-awareness‚ Johari Window‚ individualism‚ postmodernism. Article style and source: Peer Reviewed. Original ultiBASE publication. Content • • • • • Abstract Succumbing to Self-interest The Dark Side of Organisations Revealing About Others References
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is the way in which a large company or organisation is organised‚ for example‚ the types of relationships that exist between managers and employees (Cambridge Business Dictionary‚ 2013). Organisation structure can be seen as different levels of power within an organisation. Structure is the layout of responsibilities clearly distinguished within a business setting. The design of a business structure can be affected by influences such as size‚ age‚ culture and management styles and communication
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key figure in the turn of the century school of management theory. His book General and Industrial Management which was first published in 1916‚ is the foundation of the classical organisation theory. 2.1.2 Henri Fayol devised his ideas from his own practical experience. He decided that all business organisations are concerned with more or less the same type of activity and he claimed that his guidelines were universally applicable. He had a set of fourteen principles and his study of management
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Comparing and analyzing the biological and humanistic approaches to personality can be a difference of opinions. Abraham Maslow studied the development of personality. Maslow developed his own personality theory based on the basic human needs. His hierarchy of needs pyramid shows the influences of human needs to the formation of unique individual personality. There are biological factors that influence the formation of individual personality that play a factor. By reviewing the relationships
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*BUS1001 Introduction to Management & Organisations E*ssay for Semester 1‚ 2008/9 According to Pettinger (2002)‚ management can variously be defined as a ‘science‚ profession and art’ and ‘its status lies somewhere between the three ‘with strong elements of each’. Is management a profession were you could qualify in like a doctor‚ is it science were there’s only “one best way to manage” (Bennet‚ Roger (1994)) or is it a skill/ personality in which a manager is has it in their genes from birth
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# What is the main differences between a sociological approach and a common sense approach? Sociology refers to the study on society and the world we live today‚ we may often see ourselves as a free agent‚ however‚ we are often influenced by the things surround us‚ such as the clothes we wear‚ the lifestyle we choose or the country we live. Sociologists try to understand human actions‚ social patterns and social structures; they are interested in what human actions are influenced by our interactions
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impacting them with knowledge that they deem relevant and significant for them to better their lives and solve problems in their line of work. This paper will look at the contrasts between the two approaches‚ some of their principles and the best approach that can be used in the situation in question. Some of the contrasting issues about the approaches include the following. In pedagogy the leaner fully depend on the teacher and the teacher evaluates the learner and at most times dictates what the
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