Foundation Course Economics OUfc008 2 Open University of Mauritius - Foundation Course in Economics - Module 1 FOUNDATION COURSE IN ECONOMICS Module 1 OUfc 008 April 2013 3 Open University of Mauritius - Foundation Course in Economics - Module 1 ACKNOWLEDGEMENTS Course Author : Vinod Seegoolam Course Reviewer : Dr Chong Wang Cheong Ah Tow OPEN UNIVERSITY STAFF Course Supervisor : Perienen Appavoo (Open School Division) Project Coordinator : Premanand Koonjal (Open School
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Question 2 (a) Identify and explain FIVE (5) roles of Henry Mintzberg’s managerial roles. (15 marks) (b) Describe the following terms: i. Centralisation (2 marks) ii. Span of control (2 marks) iii. Work specialisation (2 marks) iv. Formalisation (2 marks) v. Chain of command (2 marks) [Total: 25 marks] Question 3 (a) Explain the TWO (2) sets of ability commonly
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Describe how the second industrial revolution of the late nineteenth century differed from the first industrial revolution of the late eighteenth and early nineteenth century. This paper intends to compare the first industrial revolution of the 17th and 18th centuries and the second industrial revolution of the mid-18th and 19th centuries. It will highlight the transformation from the first revolution to the second revolution‚ focusing on the presence of giant firms and role of science and technology
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regulated. For example IKEA a Swedish company is allowed to import its furniture into to the UK without being taxed. IKEA specialises in furniture production and Free trade with the UK enables to specialisation in the production furniture to continue s in which they have a comparative advantage. With specialisation they are able to take advantage of efficiencies generated from economies of scale and increased output. Consumers in the UK benefit in the domestic economy as they can now obtain a greater variety
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19/11/2010 Master II Management Financier (Financial Management) Mr Xavier LEPERS References Johnson G.‚ Scholes K.‚ Whittington R. (2006)‚ Exploring Corporate Strategy‚ Prentice Hall‚ 7th edition. Barney J. & Hansen W (2006) Strategic J W. (2006)‚ Management & Competitive Advantage‚ Pearson Education. Garrette B‚ Dussauge P & Durand R (Coord)‚ Strategor‚ 5ème édition‚ Dunod‚ 2009. 2 Chapter 1: Introducing Strategy 3 1 19/11/2010 Chapter 1: Introducing Strategy From competition
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high horizontal distribution. THE HORIZONTAL DISTRIBUTION is as follows‚ 1) 37 medical departments which covers different specialities.2) Other departments such as HR‚ marketing‚ finance‚ engineering and nursing.3) Social specialisation‚ example doctors.4) Functional specialisation‚ example technicians and nurses. VERTICAL STRUCTURE is as follows‚ 1) Zonal director at the top. 2) 43 departmental heads who work under Zonal director. 3) There is team under each department which report to departmental
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Global Labour Force and the Dawn of the Post-Market era‚ New York: G.P. Putnam Ritzer‚ G Ritzer‚ G. (1995) Expressing America: A Critique of the Global Credit Card Society‚ Thousand Oaks‚ CA: Pine Forge Press Ritzer‚ G Sabel‚ C. (1994) Flexible Specialisation and the Re-emergence of Regional Economies’‚ in A‚ Amin (ed) Post-Fordism: A Reader‚ Oxford: Blackwell Taylor‚ R Thompson‚ P. and McHugh‚ D. (2002) Work Organisations‚ 3rd (ed)‚ Basingstoke: Palgrave Williams‚ C Williams‚ K. Haslam‚ C. Williams
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The design of an organisation is highly crucial for a firm in today’s world in order for it to achieve and sustain its competitive advantage that will place the firm in a stronger position than its rivals. The firm can manipulate the components of organisation design‚ fit these elements with one another and with the strategy‚ to impact the firm’s performance. Hence‚ the goal for the organisation is to have a good fit between the firm’s design and its competitive advantage in order for the firm to
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Marketing Management BBA 304: Financial Management BBA 305: Production Management Semester IV BBA 401: Environmental Studies BBA 402: Cost & Management Accounting BBA 403: Business Law BBM 404: Specialisation (Marketing Management) BBF 404: Specialisation (Financial Management) BBH 404: Specialisation (Human Resource Management) Semester V BBA 501: Entrepreneurship Development (CBCS) BBA 502: Research Methodology BBA 503: Company Organisation BBA 504: Business Policy and
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01DEFINE AND EXPLAIN A RANGE OF CORE ECO TERMS AND CONEPTS INCLUDING ECONOMIC SURPLUS OPP COST AND SUNK COST DEFINE AND EXPLAIN A RANGE OF CORE ECO TERMS AND CONEPTS INCLUDING ECONOMIC SURPLUS OPP COST AND SUNK COST CHAPTER !: THINKING LIKE AN ECONOMIST Scarcity principal: due to limited resources to satisfy unlimited wants‚ trade offs occur in terms of having more of one good and less of another Economic decision: any decision when securing something of value means going without something
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