resources‚ they have to decide how to maximize the net present value of their known stock of oil in the ground.[1] Several key implications can be observed as a result of oil nationalization. On the home front‚ national oil companies are often torn between national expectations that they should carry the flag and their own ambitions for commercial success‚ which might mean a degree of emancipation from the confines of a national agenda.[2] According to consulting firm PFC Energy‚ only 7% of the world’s
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The phenomena of employment relations are found in all countries where people work for others in paid employment. According to (Bamber et al 2004) employment relations deal with all aspects of employment relations‚ including human resource management (HRM). Therefore‚ in this paper the term employment relations will be used to encompass industrial relations and HRM. As a generic subject‚ therefore‚ industrial relations are ubiquitous. The field of employment relations‚ on the other hand‚ is one
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influenced by the Marxist perspective‚ by pursuing a third way between a command economy and the capitalist alternative. A socialist market economy is characterised by the operation of a market mechanism within the context of economic dominance by public ownership and the political dominance by the Communist Party. In the sections below we shall discuss the characteristics of employment relations in China and compare its differences to that of Singapore. Three Old Irons Before the beginnings
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Esders‚ McDonald‚ & Price‚ 2010). This indicates that Australian trade unions have a significant untapped potential for growth and with the right structure and policy improvements‚ unions could maintain their relevance in the Australian labour relations market. Factors Responsible for Trade Union Decline in Australia Changing Composition and Structure of the Workforce The changing structure and composition of the Australian labour force is often cited as an explanation for union decline. Since
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The relationship between shape and diffusion rate Aim- To investigate the relationship between the shape of an object and the time taken for a substance to diffuse to its centre. Hypotheses- Part A) The 5x5x2.5mm block will turn clear first as the Surface area to volume ratio is high and the 10x10x10mm block will take the longest to completely diffuse the Acid to its centre. Part B) The flat‚ rectangular block will be the first to completely turn clear due to its high Surface Area/Volume Ratio
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THE IMPORTANT ROLE OF PUBLIC RELATION IN MAINTAINING INDUSTRIAL HARMONY Good organizations‚ government and industries provide scientific public relation development within the community and in the global industry they have learned the importance of establishing corporate image through public relations between their organizations and their customers‚ government‚ supplier and stakeholders to help their business in building a strong relationship for growth and survival. This includes
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Human Relations Movement The Human Relations Movement firstly emphasises the importance of the working environment for employees as a socialised natural group in which social aspects for both employees and managers take precedence over functional organisational structures. Elton Mayo‚ who was called “the founder of both the Human Relations Movement and of industrial sociology” (Pugh & Hickson‚ 1989‚ P.152)‚ had the basic idea that “workers had strong social needs which they tried to satisfy through
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INTRODUCTION The product I am pitching for is called optic white and is manufactured by personal products‚ it is a tooth paste and ever since it was introduced to the public it hasn’t been making sales as it was expected as a PR practitioner I have been asked to re peach a proposal on how to make the product sell the peach includes the: 1. 1Backround 2. Problem definition 3. Research objectives 4. Research design 5. Sampling design BACKGROUND The name of this tooth
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Labour Relation Approach and Issues Labour relation or what we call industrial relation is the heart of any industrial system. It is know as the relation between employees and employers of a company. For a successful growth of business of big or small firm this relation are needed to be smooth and healthy. Many writers have tried to define labour relation in different ways. Meaning of labour relation has kept on changing with the change in nature of work‚ technology and most important globalization
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assignment is the human relations movement and how it eradicated the influence of the classical and scientific management in the industry today. This approach raises some important questions about what are the keys function of the classical-scientific management theory‚ and the contrast of the worker in the classical-scientific and behavioral management. Some additional points need to be considered such as the Hawthorne studies and also the most important aspect covered is the Industrial Revolution that
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