A. FIRM AND ITS OBJECTIVE: Conventional theory of firm assumes profit maximization is the sole objective of business firms. But recent researches on this issue reveal that the objectives the firms pursue are more than one. Some important objectives‚ other than profit maximization are: (a) Maximization of the sales revenue (b) Maximization of firm’s growth rate (c) Maximization of Managers utility function (d) Making satisfactory rate of Profit (e) Long run Survival of the firm (f) Entry-prevention
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Gender Gaps in Education Not too long ago there have been rising signs of important changes in gender differences on individuals’ experiences in the education system. Even though the results for both genders have improved over the years‚ the girls’ improvement rate has been faster than the boys and an important‚ big gap has opened up. A national survey found that girls scored higher in all tests. The results were that sixty-two percent of girls were able to focus on their work without supervision
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year alone. These students may consider taking a gap year. A gap year (otherwise known as a deferred year or year off) is a period of time in which students take a break from formal education in order to travel‚ volunteer‚ study‚ intern‚ work‚ perform research‚ or any combination of these activities. A gap year can be immensely beneficial to students to gain a sense of identity‚ improve their education‚ and help strengthen their career choice. With a gap year students are able to gain independence‚
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TH GAP The Wealth Gap In Hong Kong Comparing to the near area‚like Singapore‚Hong Kong’s Gini coefficient is more higher and ranked top in the world.Even the wealth gap is not common in western societies‚however‚it is no doubt that wealth gap has threatened the Hong Kong most. With the change of economic mode in Hong Kong ‚it trend to knowledge-based economy rather than manufacturing industry so that a large number of worker are unemployed immediately‚in the other hand‚a lot of high-class people
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Management by Objectives Motivating employees seems to be a challenge for managers - Discuss the advantages and disadvantages of the MBO program and provide at least one example to support your discussion. Goal-Setting Theories have evolved since the 50s and have an impressive documented literature. The Goal-Setting Theory addresses the issues that goal specificity‚ challenge‚ and feedback have on performance (Robbins‚ 2009‚ p185). Setting goals and motivating employees are always an important
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The pay gap affects women from all backgrounds‚ at all ages‚ and of all levels of education. In the U.S.‚ the gap stands at 64%‚ which means that women earn about two-thirds of what men make for similar work. That’s actually worse than last year‚ when gap was 66%. “The U.S. now ranks 74th in wage equality among 145 countries.” Well according to World Economic Forum‚ in the year 2133 women’s earning will finally match their male coworkers. The World Economic Forum believes it will take another 118
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Chapter 25 – Knowledge Gap -The knowledge gap hypothesis presumes that you will know more about these topics than people whose educational level is lower than yours‚ even if the topics don’t directly concern your everyday life. -Stated by Tichenor‚ Donohue and Olien in their 1970 article they said the population is divided into two distinct segments: a group of better educated people who know more about most things and those with low education who know less. -Low Socio-economic status (SES)
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The Stubborn Gender Gap When a congressional committee hearing presented an all-male panel of witnesses to discuss female contraception last month‚ Carolyn Moloney made news by demanding‚ “Where are the women?” Nearly 50 years after the modern women’s movement began‚ such omissions remain common- and yet many people assume the battle for equality is largely over. Perfectly nice guys will say to me‚ “You must be so happy you’ve won!” reports Gloria Steinem. I say‚ “But are you working for a women
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Gap analysis of Indigo airline: On time every time. Indigo promotes three major things as a part of its advertisisng- on time performance‚ affordable fares and hassle free passenger experience. There are many factors that affect passengers such as‚ flight delays‚ misbehaviour by staff‚ etc. and they result in a complaining behaviour. Whereas‚ there are so many situations wherein situations can‟t be controlled such as‚ weather problems‚ technical fault‚ etc. Although these situations are not in
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Is the generation gap myth or reality It’s well known that new time demands new way of thinking. New way of thinking demands new way of acting. New way of acting arouses misunderstanding on the part of older generation. People usually get used to certain things and some dead small changes can frighten them. Thus‚ trying to avoid the negative feeling of fear older people try to avoid new trends and spirits of the time. On the other hand‚ youngsters are eager to introduce some desperately
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