Discuss the similarities and differences between the resourced based view of strategy and the industrial organisation (I/O) based view of strategy The similarities and differences between the two views of strategy‚ resource-based view (RBV) and industrial organization (I/O) view will be critically discussed. According to Hanson‚ et al. (2011)‚ the RBV model specifies a firm’s strategy internally to earn above-average returns based on its unique resources and capabilities. Resources such as capital
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attracting employees to that job‚ screening and selecting applicants‚ hiring‚ and integrating the new employee to the organization. Recruitment is the process of searching the candidates for employment and stimulating them to apply for jobs in the “organisation”. Recruitment is the activity that links the employers and the job seekers. A few definitions of recruitment are: A process of finding and attracting capable applicants for employment. The process begins when new recruits are sought and ends when
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management The concept of strategy ➢ Strategy is the great work of organization. In situations of life or death it is the Tao of survival or extinction. Its study cannot be neglected. ----SUN TZU‚ The Art of War.2500 B.C ➢ Strategy is about winning. ➢ Strategy is not a detailed plan or program of instructions‚ it is a unifying theme that gives coherence and direction to the actions and decisions of an individual or an organization. Characteristic of a winning strategy ➢ Goals that
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PROJECT ON: ORGANISATIONS COMPARED: PREPARED BY HARSHA BHOWMIK RUDRAJIT SHARMA REGN. NO: 17/12 REGN. NO: 36/12 TABLE OF CONTENTS I. Evolution as an Organization 3 A. Evolution of Cognizant: 3 B. Journey from Indal to Hindalco: 3 II. Description of the organizational structure 4 A. Cognizant’s Structure 4 B. Hindalco’s Structure 5 III. Comparison on Structural Dimensions 6 A. Cognizant 6 B. Hindalco 6 IV
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Unit 205 - Schools as Organisations Task A: The candidate is required to identify six different categories of school. For each category of school‚ the candidate should prepare brief notes about the way in which they are managed‚ the ages of children with which they deal and the curriculum they are required to follow. 1. Community: Example: Primary schools Run by local authority‚ age range 4-11 years‚ allot of mainstream schools and pupils are selected based on the area of school and where they
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Schools as organisations Unit 302 Outcome 1 1.3) Explain the post 16 options for young people and adults. The opportunities for pupils aged 16 and over have traditionally been either to leave school and start employment‚ or to stay and continue with their education. Although many pupils do still choose one of these options‚ it is likely there will be more opportunities available as there has been an increased government focus on and funding of education for 14 to 19 year olds‚ and in particular
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INTRODUCTION DEFINITION Organizational culture is the collective behavior of people that are part of an organization‚ it is also formed by the organization values‚ visions‚ norms‚ working language‚ systems‚ and symbols‚ it includes beliefs and habits It’s also the pattern of such collective behaviors and assumptions that are taught to new organizational members as a way of perceiving‚ and even thinking and feeling. Organizational culture affects the way people and groups interact with each other
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SAMPLE ANSWER FOR QUESTION 5 Profit-making is one of the most traditional‚ basic and major objectives of a firm. Profit-motive is the driving-force behind all business activities of a company. It is the primary measure of success or failure of a firm in the market. Profit earning capacity indicates the position‚ performance and status of a firm in the market. In spite of several changes and development of several alternative objectives‚ profit maximization has remained as one of the single most important
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Standards on Auditing applicable from the 1.04.2011 Index Sr. No. 1 2 3 Name of the Standard SA 700 (Revised)- Forming an Opinion and Reporting on Financial Statements SA 705- Modifications to the Opinion in the Independent Auditor’s Report SA 706- Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report 4 SA 710(Revised)- Comparative Information - Corresponding Figures and Comparative Financial Statements 5 SA 800- Special Considerations-Audits
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Learning Organization: Why is it important to Organizations? By Subodh Shakya Learning is at the heart of a company’s ability to adapt to rapidly changing environment. * John Browne (CEO‚ British Petroleum Company) Introduction of Learning Organization Learning‚ today‚ has become the essential part of our life. People who fail to learn new things‚ skills or acquire new knowledge have limited probability to success. The same applies to the organizations also. Organizations
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