Management and business organization NOTES: Chapter 3 Introduction: 1. What is an organization: Consists of two or more people that have consciously arranged to create a basis from which to function on a regular basis to achieve a common goal. Despite differences the four common factors that organisations share are: people‚objectives‚ structure and management. Watson refers to 3 aspects of organisational life: o Importance of creative‚ critical and situation defining characteristics of the
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CARIBBEAN MARITIME INSTITUE Communication Classes Assignment: Writing Business proposals Value: 20% BUSINESS PROPOSAL GUIDELINES A business proposal is a report that combines information delivery and persuasive communication. The proposal is a request for managers to take action on a suggested business plan. Proposals are either internal or external. Internal proposals are designed for consideration within an organization. Funding and other support will come from within the organization. External
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Key Terms Business Activity Barter System a system of exchange which involves the swapping of goods between individuals. Capital Goods goods used to produce other goods‚ such as tools‚ equipment and machinery. Consumers individuals who use or consume’ goods and services to satisfy their needs and wants. Customers individuals who buy goods and services supplied by businesses. De-industrialization the decline in manufacturing. Division of labour specialization
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The Top 10 Reasons Why It Is Important to Behave in School: 10. It sets a good example for others who will use your behavior as a guide for their own. 9. It is the wise‚ smart‚ and courageous thing to do. It’s easier to do what you think friends expect or to do what you just plain feel like doing‚ but it takes real guts and intelligence and strength to just do what needs to be done regardless of what other people think of you or what you want to do. 8. It shows respect for all those teachers
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Type 1 Autocratic Style Autocratic type of leader is called an Autocrat. He does not consult his subordinates (followers). He takes all the decisions by himself. He also takes full responsibility for his decisions. The subordinates must obey him without asking any questions. Type 2 Consultative Style Consultative type of leader has an open mind. He encourages his subordinates to give their suggestions and comments. If these suggestions and comments are good‚ then he will accept them. So this
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BUSINESS‚ MANAGEMENT‚ AND ACCOUNTANCY RESEARCH REPORT 2009-2010 37 checklist in gathering data and were treated using simple computation. It was found out that the existing food safety and sanitation practices of Gardenside Bar and Restaurant as well as its storage management and food handling and preparation had an average compliance to the standards set by the DOH since they were all rated “Good.” In this regard‚ stock rotation and sanitation and storage equipment
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Resources Management in the Global Environment 1 Human Resources Management in the Global Environment Today’s job market is rapidly becoming globalized and more companies are entering into international markets in a variety of ways. Some companies are building plants in other countries‚ some companies are exporting products overseas‚ and some are entering into alliances with foreign companies. No matter how the involvements begin‚ the reality is that in today’s world‚ managing global human
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Four Function of Management The management of any company will be having four major functions. These consist of planning‚ controlling‚ leading and organizing. There are many definitions of management which authors have provided. Management has been defined as being the process whereby individuals motivate other workers so that they can all gain a common goal. In order for a manager to be a successful one‚ he/she must fulfill all these functions appropriately and in the best possible
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Global Marketing Management Planning and Organization Global Marketing Management “Companies must learn to operate as if the world was one large market.” - Theodore Levitt (1983) Global Marketing Management I. II. Global vs. International Marketing Standardization vs. Adaptation Controversy A. Benefits of Standardization 1) Cost Saving 2) Levitt’s Argument 3) Uniform Brand Image 4) Improved Coordination Global Marketing Management B. Advantages of Adaptation 1) Differing Use Conditions
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Global Business Ethics Case Study Sophie and Carling Ltd. Paris‚ France 1. What are the main ethical issues? a) Corruption: Soroprom CEO handled $75‚000 in cash to Sophie‚ thanks for work and this serves as a gift to her. Sophie accepted that because she wanted to use this money to pay her lawyer’s bill to keep custody of her children. b) “Necessary sex” for the interests: Sophie attracted her supervisors‚ male co-workers. She used “necessary sex” to achieve her ambitious goal‚ she became
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