Abstract: This paper looks at what part diversity plays in organizations in today’s multicultural environment. We first introduce organizational behavior and organizational culture and explain the importance of diversity in relations to both. We then take into consideration leadership and the importance of diversity initiatives being a focal part of management. Research shows that for diversity to play a vital role in an organization’s culture leaders must make it a priority‚ training and education
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Outcomes Task 1 & 2 Pass - Describe the influence of two contrasting economic environments on business activities within a selected organisation Task 3 Merit - Analyse the impact of changes in demand and supply on a selected business Distinction - Evaluate to what extent a selected business is likely to be affected by changes in the economic environment The managing director of Spangles Ltd was looking at some UK economic forecasts which had been given to him. His company organises luxury
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per delivery of increasing output beyond 60 deliveries per day A. is $0 because Owen does not have to purchase another van B. is $5 C. is $75 D. cannot be calculated without knowing Owen’s total fixed costs 14) Expected economic profit per unit is equal to A. expected price B. expected average total cost C. the difference between expected average price and expected average total cost D. the difference between expected total revenue and expected total cost
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Managing and Responding to Behaviours in a Learning Environment Task 1 – The Context of Behaviour Issues i. Describe and discuss the aspects of national legislation which have relevance to behaviour in the learning environment. (300 words) There are a number of legislative acts that impact on the learning environment and cater for both learners and staff in any institution. The following Acts: Special Educational Needs and Disability Act (2001); Race Relations Act (1976) and Race Relations
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Section 1 Internal environment and external environment Internal environment • Manager: On one hand‚ in order to understand a management situation of a company‚ the organization structure is the key issues which should be involved. Xin hua bookstore is being a traditional organization has the traditional structure that functional organization structure. This type of organization always has many layers including senior management‚ middle management and base management level in the pyramid
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begins with the collapse of Enron Corporation in 2001. This example illustrates how a company’s organizational design can affect its profit and likelihood of survival. It points to three critical elements of organizational design‚ which we refer to as organizational architecture. These elements include the assignment of decision rights‚ the reward system‚ and performance evaluation system. The chapter discusses the basics ideas behind economic analysis and how this framework can be used by managers to
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Explain how the concepts of scarcity‚ choice‚ and opportunity cost relate to your dilemma. For scarcity it would be that instead of me doing other things of my liking I would study‚ resulting in higher grades. Opportunity cost would be for example working which comes with making money and letting that go but then in the long run being able to graduate high school and have more opportunities. 2 What are the possible short-term costs and benefits? What are the possible long-term costs and
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MANAGERIAL ECONOMICS MEANING OF MANAGERIAL ECONOMICS Managerial economics‚ used synonymously with business economics‚ is a branch of economics that deals with the application of microeconomic analysis to decision-making techniques of businesses and management units. It acts as the via media between economic theory and pragmatic economics. Managerial economics bridges the gap between ’theoria’ and ’pracis’. The tenets of managerial economics have been derived from quantitative techniques such as regression
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1. What do you understand by Managerial Economics? Give Definition and meaning of Managerial Economics. Economics is the branch of Knowledge that deals with how the scarce resources can be used to produce valuable goods and services and distribute them efficiently among different classes of people in the society. What is Managerial Economics? Douglas - “Managerial economics is the application of economic principles and methodologies to the decision-making process within the firm or organization
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Economics and Managerial Economics Economics may be defined as a branch of knowledge dealing with allocation of scarce resources among competing ends. Managerial Economics may be defined as application of eco for problem solving at corporate level. Factors affecting Managerial decision Often only pure logic does not contribute to decision making Human Factor Human behavioral considerations often influences a manager into compromising or moderation a decision which would otherwise have made
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