The History of Management Thought The Beginning of Management It is highly probable that the management process first began in the family organization‚ later expand to the tribe‚ and finally pervaded the formalized political units such as those found in early Babylonia. In these organizations‚ a type of financial control and record keeping was invented which usually took the form of clay tablets with inscriptions. The recognition of the concept of managerial responsibility
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Chapter I 1. The principal driver(s) of shareholder value is (are) a. profitability. b. profit growth. c. market share. d. profitability and profit growth. e. all of these choices. 2. A competitive advantage is considered to be a sustained competitive advantage when the a. advantage endures for a long time. b. firm is able to spread the advantage to all of its business units. c. advantage is very large. d. advantage was gained at a low cost. e. managers who developed the advantage are still employed
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In the 1930’s‚ Richard Dogmagk experimented with a red dye called prontosil and found that it had strange healing effects‚ when he injected the dye into mice with severe streptococcus infections‚ they all survived. Dogmagk had discovered the one of the fist antibiotics‚ specifically the first Sulfa drug. When scientists isolated the active part of the prontosil molecule they discovered how it and all sulfa drugs work. Sulfa drugs contain a sulfur atom that has six total bonds (shared electrons)
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PROJECT REPORT ON WORKING CAPITAL MANAGEMENT AT KIRLOSKAR PNEUMATICS CO. LTD‚ HADAPSAR. Submitted By: Rajesh Menon (M.B.A-II) In Partial Fulfillment for Degree of Master of Business Administration during the year 2006-07 VISHWAKARMA INSTITUTE OF MANAGEMENT‚ PUNE. 1 ACKNOWLEDGEMENT It is a matter of great satisfaction and pleasure to present this report on Working Capital Management of KIRLOSKAR PNUEMATIC CO. LTD. (KPCL)‚ Pune 411013. I take this opportunity to owe my thanks to all
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Assignment on the contribution of Charles Babbage‚ Adam Smith and Robert Owen in the field of management. Contribution of Charles Babbage in the field of Management Charles Babbage (1792–1871) is known as the patron saint of operations research and management science. Babbage’s scientific inventions included a mechanical calculator (his "difference engine")‚ a versatile computer (his "analytical engine")‚ and a punch-card machine. Babbage’s most successful book‚ On the Economy of Machinery
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MANAGEMENT THOUGHTS AND THEORIES The industrial revolution‚ which began in Europe in mid-1700s‚ was the starting point for the development of management concepts and theories. PRECLASSICAL CONTRIBUTORS TO MANAGENENT THOUGHT Name Period Contribution Robert Owen 1771- 1858 Proposed legislative reforms to improve working conditions of labor Charles Babbage 1792-1871 Advocated the concept of division of labor’; devised a profit-sharing plan which led to the modern-day Scanlon Plan Andrew
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Project Management plays an important and strategic role for many companies to innovate and sustain the challenges in today’s economic demands and for their long term growth. Upper management need to recognize the importance of project management and its fundamentals to better engage the employees for mutual benefits. Project management is not limited to a particular industry‚ such as engineering or construction‚ it is indeed relevant to many other industries too. One aspect of project management focus
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The definition of artistic practice is known as the way an artist goes about doing his/her work‚ it can include influences‚ ideas‚ materials‚ tools‚ techniques and skills. An artists influences‚ intentions and choices may be shaped by the innovations of other artists‚ for example‚ if the artists feel the same way about political‚ social and cultural issues. Concepts are usually reused but shown in different ways. Chosen artists that display this theory and have affected the development of modern
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Changing the Face at the Busiest Airport in the World through Project Management Refurbishing Heathrow Airport Terminal 1‚ On Time‚ On Budget‚ With No Disruptions to Travelling Public Background: Dated and In Need of a Revamp‚ But It has to be Business as Usual... BAA Airports Ltd. was tasked with the refurbishment of Terminal 1‚ a 40-year-old building within Heathrow Airport‚ the busiest international airport in the world‚ whilst constantly keeping the terminal open to the 20 million annual travellers
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sociologist Harold Garfinkel in 1954. According to his book "Studies on Ethnomethodology‚" ethnomethodology simply means the study of the ways in which people make sense of their social world‚ display this understanding to others‚ and produce the mutually shared social order in which they live. Ethnomethodology is a descriptive discipline and does not engage in the explanation or evaluation of the particular social order undertaken as a topic of study. In this way it differs from other sociological perspectives
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