What is “functional product”‚ and what is “innovative product?” We can use the nature of product demand to classify whether a product is a functional product or an innovative product. With different product characters‚ supply chain management method that managers should choose will also be varied. Functional products are products that people buy in wide range of retail outlets‚ and those products have more stable and predictable demand‚ as well as long life cycles. For example‚ most of
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PT3Form Arab Open University Tutor Marked Assignment (TMA) Academic Year 2nd 2013 - 2014 Semester: Spring 2014 Branch: Lebanon Program: Business Studies Course Title: Investigating Entrepreneurial Opportunities Course Code:B322 Student Name: Zeina Mouawad Student ID: 100616 Section Number: 109 Tutor Name: Fady Bechara Mark details Allocated Marks Questions Q1 Q2 Q3 Q4 Total (100) Weight 30 30 20 20 Marks Deduction
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and implementation of ideas to produce new or improved strategies‚ capabilities‚ products‚ services‚ or processes.” Innovation refers to creating more effective processes‚ products and ideas. Innovation is crucial to the continuing success of any organisation. Businesses that can innovate create more efficient work process and have better productivity and performance. Being innovative doesn’t mean inventing new product or services. Changing business model and adapting to changing environment to give
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Introduction Nowadays‚ innovative is an essential advantage in this dog-eat-dog market for every organization. Innovative can be everything that is new and not exist in current market‚ however in order to fulfill the gap in this demanding market‚ organizations must be very innovative to come out with new products and services. Organizations nowadays are recruiting employees who are creative and innovative because they are person who have sensitive antenna to sense and observe what the people want
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BEHAVIOUR Till the last decade it was almost unimaginable that there would be a fairness cream for men among male grooming products. As it turned out‚ men contributed significantly to consumption of HUL’s fairness product Fair & Lovely and even other fairness products. That shouldn’t be surprising as we live in a society which is obsessed with fair skin‚ just as the West is preoccupied with getting the perfect tan. This phenomenon was not restricted
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The difference between functional and dysfunctional conflict is that functional serves a purpose in the organization such as the interest and dysfunctional serves no purpose but to threaten the organization ((Kinicki A. Kreitner R.2008 p. 277). The five antecedents of conflict are the “overlapping or unclear job boundaries‚ inadequate communication‚ unreasonable or unclear policies standards or rules‚ unreasonable deadlines or extreme time pressure‚ and competition for limited resources”
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the workplace. Though often thought of as negative‚ conflict is a necessary part of life and doesn’t always have to be viewed as with negative undertones. There are two types of conflict‚ functional and dysfunctional. Though the negative perception conflict carries with it‚ in regards to in the workplace‚ functional conflict can be a tool used to promote productivity and challenge staff to resolve issues that may arise internally and focus on problem solving techniques that may be used to strengthen
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1. Compare functional and product departmentalization in terms of relative efficiency‚ production‚ satisfaction‚ flexibility‚ quality‚ competitiveness‚ and development. Consider particularly the possibility that one basis may be superior in achieving one aspect of effectiveness‚ yet inferior in achieving another. Functional departmentalization has organizational and production efficiency and product departments should have overall higher satisfaction and adaptability within its department. Departmentalization
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business banking in Canada Recommend innovative banking products 3. Examples of Innovative Products and Services Innovation Country Term Loans New Zealand Financing Products Diversity Loans U.S. Remote Deposit Capture U.S. Customer Customer Feedback Program‚ New Zealand Experience Online Banking Community Canada‚ U.S. Employee Benefit Programs U.S. Benefit Programs Priority Banking U.S. Foreign Exchange Order Watch Service Australia Factoring Canada Products Loans/Mortgages for Green Business Canada
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DIFFERENCE BETWEEN A FUNCTIONAL MANAGER AND A PROJECT MANAGER FUNCTIONAL MANAGER 1. He is in-charge of a firm’s functional depts. Such as marketing‚ engg.‚ or finance. 2. They are more skilled at analysis. Such heads are specialists in certain areas only. 3. They are analytical in approach (breaking the system into smaller and smaller elements) and they know something abt. the operation for which they are responsible. 4. In case of any difficulty‚ they know how to analyze
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