1. What are business ethics? Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual”s actions also apply to business. Acting in an ethical way involves distinguishing between “right” and “wrong” and then making the “right” choice. It is relatively easy to identify unethical business practices. For example‚ companies should not use child labour. They should not unlawfully use copyrighted materials and processes. They should
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(1.1) The organisational structure used in a company is intended to form relationships‚ motivate‚ increase productivity‚ co ordinate and provide direction between employees. According to the business dictionary (2013)‚ an organisational structure is the hierarchical arrangement of lines of authority‚ communications‚ rights‚ and duties of an organisation. It determines how roles‚ power and responsibilities are assigned‚ controlled and coordinated and how information flows between different
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FORMS OF ORGANIZATION STRUCTURES The organization structure is the basic framework within which the decision making behaviour occurs. It shows the different positions in the organization and the responsibilities attached to this formal position. Examples of forms of organization are: (a) Line /military organization (b) Staff or functional (c) Line and staff (d) Management by committee (e) Matrix organization 1. LINE STRUCTURE Also known as military organization. Under
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Departmentally organizing the activities - In this step‚ the manager tries to combine and group similar and related activities into units or departments. This organization of dividing the whole concern into independent units and departments is called departmentation. 3. Classifying the authority - Once the departments are made‚ the manager likes to classify the powers and its extent to the managers. This activity of giving a rank in order to the managerial positions is called hierarchy. The top management
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1.1 Introduction of Pubali Bank Ltd. The Bank is initially emerged in the Banking scenario of the East Pakistan as Estern Markentile Bank Ltd. as the initiative of some Bangalee entrepreneurs in the year 1959 under the Bank Company act 1913. After independence of Bangladesh in 1972 this bank was nationalized as per policy of the Government and renamed as Pubali Bank. Subsequently due to changed circumstances this bank was denationalized in the year 1983 as a private bank and renamed as Pubali
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1.1 Introduction of Pubali Bank Ltd. Pubali Bank has been providing better services for its customers since 1959 with a promise to keep up its original tradition.The Bank is initially emerged in the Banking scenario of the East Pakistan as Estern Markentile Bank Ltd. as the initiative of some Bangalee entrepreneurs in the year 1959 under the Bank Company act 1913. After independence of Bangladesh in 1972 this bank was nationalized as per policy of the Government and renamed as Pubali Bank. Subsequently
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do not allowed decision making to the lower level managers. DECISION MAKING Decision making of Warid comprises of different styles: • Directive • Democratic • Behavioral • Analytical CHAIN OF COMMAND DEPARTMENTATION Warid divide their employ on the
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Increased turnover Some companies‚ due to these problems‚ use job enrichment multi skilling and broadening job range to sustain the worker’s interest in work. Five Departmentalization : A system of grouping together the jobs. There are ways of departmentation. 1. Functional Departmentalization – Groups jobs According to Function President Manager‚ Marketing Manager‚ Finance Manager‚ Manager‚ Manufacturing Human Resource Manager‚ RED + Efficiencies from putting together similar specialties
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CHAPTER NO 1 Introduction to the report 1.1 BACKGROUND OF THE STUDY: This report is a study of PTCL. Now as a student why I needed to undertake a study of PTCL? The reason was that after completion of my MBA (Marketing) course work‚ it was an academic requirement to undergo an internship for 8 week in any reputable organization so that to test and practice the concepts that I had theoretically learnt in my courses. And that’s why I undertook an internship in PTCL and now as an academic
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NA 220 /CAA 220 FIRST B.COM. BUSINESS MANAGEMENT - MAY/JUNE-2008 1. What are the contributions of Neo-classical theories to the evolution of Management? ANS: The neo classicists focused on the human aspect of industry. They modified the classical theory by emphasizing the fact that organization is a social system and the human factor is the most important element within it. They conducted some experiments (known as Hawthorne Experiments) and investigated
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