Explain analytically how trade unions can influence firm performance. How best should employers deal with trade unions? Introduction A trade union is an organisation of workers who have come together to achieve common goals such as increasing pay‚ increasing the number of employees which an employer hires‚ and improving working conditions. The trade union bargains with employers on behalf of all its members and negotiates labour contracts; the most common
Premium Employment Trade union Collective bargaining
structure and firms strengths and weaknesses determine their choice of corporate strategy and organisational structure  Both corporate strategy and organisational structure influence the economic performance of the firm and the market in which it sells  One of the main goals for strategy implementation is to achieve synergy between functions and business units (Hunger and Wheelen) Organisational Structure  Organisational Structure arrangement whereby the firm motivates
Premium Strategic management Organization Strategic planning
Hydro energy contribution to power generation in india . Power generation sector is always a considering sector in india . India as being a developing country lags behind in the power generation to fulfil the demand supply ratio . But still there is always an increment in power generation year by year . Indian ministry of power have been building new policies to meet the expectation in energy generation by using conventional and nonconventional sources of energy . India is putting emphasis on
Premium Hydroelectricity Renewable energy World energy resources and consumption
THE THEORY OF THE FIRM Notes by:Ramon Somar THE THEORY OF THE FIRM Even though managerial economics is not concerned solely with the management of business firms‚ this is its principal field of application. To apply managerial economics to business management‚ we need a theory of the firm‚ a theory indicating how firms behave and what their goals are. The concept of the firm plays a central role in the theory and practice of managerial economics. An understanding of the reason for the existence
Premium Economics Profit maximization
How Firms Avoid Losses: Evidence of Use of the Net Deferred Tax Asset Account David Burgstahler* University of Washington Gerhard G. Mueller Endowed Professor in Accounting W. Brooke Elliott University of Washington Michelle Hanlon University of Michigan Business School November 26‚ 2002 _________________________________________________________________________________ ABSTRACT: This paper investigates whether firms use discretion in accounting for deferred taxes to increase earnings
Premium Taxation Progressive tax Taxation in the United States
Summary of the Article‚ ”Why do firms exist”……….. Ronald Coase may not be as famous as other economists due to his non-recognisable status but at the turn of the century ‚ he was able to achieve a recognisable status by applying practical theories on pre- existing economic theories. Highlights Deregulation revolution of 1980s Re-surfacing the pin factory which was the foundation of division of labour criticism of earlier economics theories of Adam Smith and others. Bureacracy in modern
Premium Economics
Public-private Partnerships INTRODUCTION: During the past few years‚ the Province of New Brunswick has entered into several public-private partnership projects. It was one of the first provincial governments to embark on such endeavors and has been able to develop “best practices” to be applied to public-private partnership projects. This document contains guidelines for public-private partnerships reflecting these best practices. DEFINITIONS: Agreement between government and the
Premium Private sector Public–private partnership
Chapter 1: Global marketing in the firm I. Introduction to globalization Globalization: reflects the trend of firms buying‚ developing producing and selling products and service in most countries and regions of the world. Benefits for the firm which do an international expansion: New and potentially more profitable markets Increase the firm’s competitiveness Facilitates access to new product ideas‚ manufacturing innovations and the latest technology Internalization: doing business in many
Premium Globalization Value chain Marketing
For over 24 years‚ the experienced lawyers at Balaban Law Firm in Middletown have provided high-quality‚ knowledgeable representation to Connecticut clients with a variety of business and commercial litigation issues. Balaban Law Firm Business litigation requires specialized knowledge and experience‚ and the attorneys at Balaban Law Firm have the skills and expertise to help‚ no matter what your business needs. Their client list ranges from Fortune 500 companies to family-owned businesses‚ and
Premium Management Business Marketing
PROBLEMS IN EDUCATION SECTOR AND THEIR SOLUTIONS Islamic Republic of Pakistan‚ a country of 170 million people‚ full of natural resources and more than 60 years of independence but still not respected in the world community. In less than 30 years of independence‚ it’s one wing gets separated (Bangladesh). Remaining part till today is living on IMF‚ World Bank and foreign donations. Majority of the population is living in rural areas without basic necessities of life. It is a country where financial
Premium Pakistan