INTRODUCTION The Companies Act‚ 1956 provides for a variety of companies of which can be promoted and registered under this Act. The three basic types of companies which may be registered under the Act are: • Private companies; • Public companies ; and • Producer companies PRIVATE COMPANY Section 3(1)(iii)‚a private company means a company‚ which has a minimum paid up capital of one lakh rupees or such higher paid-up capital as may be prescribed ‚ and by its articles:
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4 Insurance Policies That Complement Your Life Insurance Life insurance provides your beneficiaries‚ typically your family‚ a death benefit in the event of your death. With a life insurance policy‚ you can protect your family financially if you die. However‚ other things can happen to you and prevent you from working. Fortunately‚ we offer insurance policies that complement life insurance policies and protect your family when facing other conditions. Cancer Insurance Each year‚ nearly 13 million
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Strategic Compensation and Bases for Pay 1. Describe the three main goals of compensation departments. The first goal in the compensation department is to attract and retain the best possible work force considering the resources of the organization‚ internal consistency. Internal consistency supports work flow‚ fairness and directs behavior toward organization objectives. It also consists of job analysis and job evaluation. Job analysis “is a systematic process for gathering‚ documenting‚
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y Strategic Management & Business Policy‚ 12e (Wheelen/Hunger) Chapter 1 Basic Concepts in Strategic Management 1) Strategic management is one decision that determines the short-term performance of a corporation. Answer: FALSE Diff: 1 Page Ref: 5 Topic: The Study of Strategic Management 2) In the externally oriented planning phase‚ plans are developed by heavily involving the input of managers from lower levels. Answer: FALSE Diff: 2 Page Ref: 5 Topic: The Study of Strategic Management
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those new managers need to learn how to be a manager. The Wallace Group is receiving résumés for engineering positions from qualified employees but they are being rejected by the Directors of the departments. Also‚ the company doesn’t offer good pay and the job specs are too high. With these two criteria’s and directors who reject people‚ it is really hard to improve the company. One important department that doesn’t get any attention is the Marketing department. It’s being neglected and
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How to draw a Pay Policy line? 1. Cluster Approach The simplest approach is to make a scatter diagram of the organization’s jobs‚ as is done in establishing the pay-policy line. When this is done it can often be observed that the jobs tend to cluster rather than scattering evenly. This effect can be taken advantage of by encasing the clusters horizontally and vertically‚ as illustrated in figure 1. This provides all three dimensions‚ but none of them is arrived at consistently‚ nor are they
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Identify and describe what it is about strategic plans that make them difficult to implement. Support your argument with an example Strategic planning: matching organizational objectives and capabilities to the anticipated demands of the environment to produce a plan of action that will ensure achievement of objectives.( Denhardt & Denhardt‚ 2010) What make strategic plans difficult is trying to plan make a decision that effects multiple people with different beliefs or issues. An example would
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By analyzing the war on Iraq using the 4 P’s framework given by Bruce W. Jentleson in his Book American Foreign Policy‚ it seems that the US national interest goal cannot be simultaneously satisfied in most of the cases. Iraq became a US threat in 1990 when former Iraqi dictator‚ Saddam Hussein‚ led the invasion of Kuwait. US‚ supported by the United Nations and many other countries‚ went to war for the first time against Iraq. The US troops expelled the Iraqi troops out of Kuwait and reestablished
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THE STRATEGIC MANAGEMENT OF FOUR SEASONS HOTEL EXECUTIVE SUMMARY By taking the Four Seasons Hotels as an instance‚ through applying Michael Porter’s Five Forces Model‚ the author analyzed the marketing environment and strategies. After that‚ some ideas for perfecting the marketing strategies were proposed. There are four integral parts for this article. The first part is introduction of the Four Seasons Hotels and the second part describes its marketing environment. After the content of the suggestions
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attain one or more of the organization’s goals. Strategy can also be defined as “A general direction set for the company and its various components to achieve a desired state in the future. Strategy results from the detailed strategic planning process”. 2. Business Policy defines the scope or spheres within which decisions can be taken by the subordinates in an organization. It permits the lower level management to deal with the problems and issues without consulting top level management every
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