brings huge revenue to the government budget. Tourism industry also helps to reduce the unemployment rate by providing large amount jobs. In addition‚ it helps to protect and develop the cultural value and cultural heritages of the country. By realizing those benefits‚ Vietnam government has announced that Vietnam will develop tourism as one of its key economic industries. Therefore‚ many cities’ governments have put effort in developing the tourism industry in their cities by enforcing change and
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work. Every functional incharge in an expert in his area and can thus help the subordinates in better performance in his area. 2. Executive development A functional manager is required to have expertise in one function only. This makes it easy to develop the executives. 3. Reduction of workload http://smallbusiness.chron.com/functional-structure-organization-strength-weakness-60111.html Definition of functional structures A functional structure is one of the most common organizational structures
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Introduction This essay argues and presents an insight into different aspects and styles of leadership. In this essay‚ we will be discussing in detail about “Transformational Leadership”‚ which i feel was the style of leadership which Dwight D. Eisenhower followed. I totally agree with the quotes‚ as “Leadership is a process by which an individual influences a group of individuals to achieve a common goal” (Northhouse‚ 2001). Dwight D. Eisenhower had a vision/ common goal to reduce the strains
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Relevance and implication of business objectives models in terms of Nepalese enterprise. Ans: In much of economic theory‚ it is assumed that a business aims to maximise profits.In reality‚ most businesses which are run for “commercial gain” do have profit maximisation as an important objective – since the shareholders have taken a risk investing in the business and require a return (profit) to compensate them for their risk. Profit maximization is the process by which a firm determines the price
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Aims and Objectives Aim:To create a marketing plan to acquire new customers; primarily students and increase market share. Pamper Me has a large client base but is lacking student consumers. This marketing plan will offer marketing objectives and strategies in order to increase this market share. Pamper Me is not situated on a ‘regular walk to university’ so innovative and strategic recommendations will be required for successful delivery. Objectives: Research and analyse the current customer
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Objectives of Business means the purpose for which the business is established. It is generally believed that the main objective of business is ta make profit and avoid loss. We do admit that profit is a driving force in undertaking any business activity but it is not the sole objective of any business. In the words of Urwick “earning of profit cannot be objective of a business any more than eating is the objective of living” . A business which is hunting after profits and ignores other objectives
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of specialty paper infused with organic extracts that allows produce to remain fresh two to four times longer than average (GreenSheet brochure‚ 2011). GreenSheet is a small but expanding business that is interested in investing their capital in marketing to promote the firm’s growth. With limited distribution‚ they currently sell their product at Dealer Jose’s. GreenSheet derives their consumer base from two main segments: 1. those who are "socially conscious" who may be willing to pay more for
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Management by Objectives Motivating employees seems to be a challenge for managers - Discuss the advantages and disadvantages of the MBO program and provide at least one example to support your discussion. Goal-Setting Theories have evolved since the 50s and have an impressive documented literature. The Goal-Setting Theory addresses the issues that goal specificity‚ challenge‚ and feedback have on performance (Robbins‚ 2009‚ p185). Setting goals and motivating employees are always an important
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Strategic Management The Concept of Market Position and The Strategic Objectives Objectives The Concept of Market Position Philip Kolter Ries and Trout The Strategic Objectives Strategic Thrust Strategic Objectives Build Hold Niche Harvest Divest The Concept of Market Position by Philip Kolter Market Leader Market Challenger The firm has a relatively large share of the market‚ but a smaller share than the market leader. Market Follower The firm
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What are the objectives of business? Every business enterprise has certain objectives which regulate and generate its activities. Objectives are needed in every area where performance and results directly affect survival and prosperity of a business. Various objectives of business may be classified into four broad categories as follows: 1. Economic Objectives: Business is basically an economic activity. Therefore‚ its primary objectives are economic in nature. The main economic objectives of business
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