continually build competitive advantage in an ever-changing environment. And‚ they must add value to their organization’s distinctive competencies Let us analyze how human resources "add value" to the organization through the followings main HRM functions: 1/Human Resource Planning Human Resource Planning is the key link between a firm’s strategic plan and its overall human resource management function. It is the sum total of the plan formulated for the recruiting‚ screening‚ compensation‚ training
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Typical stakeholders in an organisation include: * Employees: They want to keep their employment‚ good rates of reward and also promotional opportunities. * Suppliers: They want to feel valued by the company and want frequent orders with prompt payments. * Owners: In a company it would be the stakeholders. They are often thought to be the most important stakeholders as they have set up the business and invest a lot of time into it to make it successful. Owners want to see their
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The Principle of Separate Corporate Personality The principle of separate corporate personality has been firmly established in the common law since the decision in the case of Salomon v Salomon & Co Ltd‚ whereby a corporation has a separate legal personality‚ rights and obligations totally distinct from those of its shareholders. Legislation and courts nevertheless sometimes "pierce the corporate veil" so as to hold the shareholders personally liable for the liabilities of the corporation. Courts
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a sole proprietorship file a 1040 as well as a schedule C (“profit or loss from a business or profession”). The Proprietor’s personal income is supplemented by all profits of his business. This form of taxation is known as pass-through taxation‚ meaning there is no separate federal income tax reporting for the proprietorship. * Longevity/continuity: In the event the sole proprietor dies and planned steps were not properly carried out the business will cease. Sadly the family’s source of income
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P1 – Describe the type of business‚ purpose and ownership of two contrasting businesses. For this task I have been asked to select two contrasting businesses‚ which include both profit and non-profit sectors and some variation in size. I have been asked to focus on the type and form of the businesses‚ the purpose of the businesses and the extent of owner’s liability. I intend to briefly give a background of the businesses; this will be followed by paragraphs explaining: the type and form of the
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the most frequently used form of business and most small businesses begin as sole proprietorships. It is the easiest and cheapest type of business to start. • Liability: A sole proprietor is financially accountable for all of the unpaid debts of the business. The sole proprietor’s business assets and liabilities and his or her personal assets and liabilities are the same. If the business were to go out of business‚ bill collectors could come after the business owner’s individual wealth to pay
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Categories and Types of Business Ownership Learning Goals: I will be able to describe and give examples of the two business categories. I will be able to describe and give examples of the five types of business ownership. A business: Produces and/or sells goods and services to customers/consumers Business Categories 1. For Profit: makes money (most businesses under this category) 2. Not for Profit: Helps others ( most government agencies go under this category) Five Types of Business
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Richelle A. Chiongson‚ RN March 18‚ 2013 LEGAL PROBLEMS IN NURSING 1. Describe three (3) instances in which the conduct of the professional nurse (with regards to the treatment of patients)might be a cause for possible criminal charges. a. Art. 253. Giving assistance to suicide. — Any person who shall assist another to commit suicide shall suffer the penalty of prision mayor; if such person leads his assistance to another to the extent of doing the killing himself‚ he shall
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1) Describe the type of business‚ purpose and ownership of two contrasting organizations Sainsbury’s Sainsbury’s is the UK’s most long standing major food retailer‚ having opened its first shop in 1869. Sainsbury’s brand is built around providing fresh and tasty food for its customers. It differentiates itself from other supermarkets by offering a broad range of products at a great price‚ a strong ethical approach to business and continuous leadership. The size of Sainsbury’s consists of 504
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“The Value of a Child” After wiping away a few tears and researching the importance and urgency of adoption‚ I learned that it is extremely easy to take life for granted. Today in the United States there are over 100‚000 children entered into foster care with ages ranging anywhere from under one year old to twenty-one years old. Most children in foster care or other systems of care are school-aged or older. There are siblings that are trying to stick together and brothers and sisters being split
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