individuals. The risks‚ which can be insured against‚ include fire‚ the perils of sea‚ death and accidents and burglary. Any risk contingent upon these‚ may be insured against at a premium commensurate with the risk involved. Thus‚ collective bearing of risk is insurance. Insurance = Collective Bearing of Risks | Insurance is a contract whereby‚ in return for the payment of premium by the insured‚ the insurers pay the financial losses suffered by the insured as a result of the occurrence of
Premium Insurance Business ethics Ethics
CORPORATE GOVERNANCE AND INTERNATIONAL BEST PRACTICES According to the institute for Corporate Governance‚ Dubai‚ CG is ‘the system by which business corporations are directed and controlled.CG has received special attention from all over the world after scandals at Enron Corporation (USA)‚ The BCCI Bank (UK)‚ the Harshad Mehta Share Scam (India)‚ and Satyam Computer Services Limited (India). Furthermore‚ After the global financial meltdown (2007-10) it is evident that lack of stringent CG
Premium Corporation Governance Corporate governance
sociologists identify class as a primary source of identity‚ secondly explain how sociologists also identify this source of identity as a primary pattern of inequality‚ thirdly it will refer to key sociological studies on institutional inequality and provide statistical data to illustrate how such inequalities are sustained and finally‚ refer to appropriate theoretical perspectives such as‚ Marx and Weber when explaining the causes of this primary patterns of inequality. Sociologists identify class as
Premium Sociology Max Weber Social class
Contents 1.0 Introduction 2 1.1 Company Profile 2 2.0 Competitive Positioning Analysis 2 2.1 SWOT Analysis 2 2.1.1 Strengths 3 2.1.2 Weaknesses 4 2.1.3 Opportunities 4 2.1.4 Threats 4 2.2 PESTEL Analysis 5 2.2.1 Political 5 2.2.2 Economic 6 2.2.3 Social 6 2.2.4 Technological 6 2.2.5 Environmental 7 2.2.6 Legal 7 2.3 Porter’s Five Forces Model 7 2.3.1 Bargaining Power of Suppliers 8 2.3.2 Bargaining Power of Buyers 8 2.3.3 Threat of Substitutes 9 2.3.4 Threat of New Entrants 9 2.3.5 Industry Rivalry
Premium SWOT analysis
I work for a large orthopedic practice that is owned by the largest hospital system in the region. It is now known as Palmetto Health-USC Orthopedic Center. Their action plan to achieve a sustainable competitive advantage over rival companies is to continue offering excellent patient care in new and innovative ways. They will do this using a broad differentiation strategy. According to Thompson‚ Peteraf‚ Gamble‚ and Strickland‚ differentiation strategies are attractive when the needs and preferences
Premium Health care Medicine Health care provider
Next Blog» Create Blog Sign In Business Models & Strategy The Business Models & Strategy blog is an online resource center for entrepreneurs‚ small business owners‚ business and marketing professionals. Our goal is to provide relevant information‚ educate and engage with all the professional that are interested in business and strategy. Home Business Toolkits T h ur s day‚ June 30‚ 2011 Labels Use of Porter’s (1985) Value Chain Framework Checklists (2) Use of Porter’s (1985) Value Chain Framework
Premium Strategic management
Assignment First Page Student ID number(s): | 30855399 | Student Name(s): | Jin Wang | Module Name: | Operations and Process Management | Module Tutor: | Professor Mike Pidd and Dr. Jerry Busby | Essay/Project Title | Operation Strategies of Low-Cost Airlines and the Fight Back of Established Airlines | Word Count: | 1‚823 | Assignment Due Date: | 17 December‚ 2012 | By submitting this coursework for assessment‚ I/We acknowledge the following: Academic Integrity
Premium Low-cost carrier Airline London Gatwick Airport
Unethical Business Practice Most people would agree that the objective of most businesses is to make money in an honorable manner‚ and to conduct business in an ethical way. Well‚ not all businesses operate in an honorable and ethical manner. According to Lovelenna Rajeev‚ author of Ethical and Unethical Business Practice‚ “Business ethics are moral values and principles‚ that determine our conduct in the business world. It refers to the commercial activities‚ either with other business houses or
Premium Business ethics Ethics
SUPPORTING GOOD PRACTICE IN MANAGING EMPLOYMENT RELATIONS GUIDANCE LEAFLET 1. The impact of employment law at the start of the employment relationship 1.1. 2 internal and 2 external factors that impact on the employment relationship A number of factors can have an impact on the relationship between employees and employers which can be identified as internal and external factors. • Internal factors include: o Pay and Rewards – pay and rewards attract‚ motivate and retain staff
Premium Employment Parental leave Employment compensation
Georgia Sharecropper’s Story of Forced Labor Primary and Secondary Sources A primary source is a resource generated by a participant in or an observer of an historical event. Primary sources include speeches‚ letters‚ diaries‚ and newspaper stories. Memoirs and autobiographies written well after the event also are considered to be primary sources. Primary sources are not limited to written records; images and material objects also serve as primary sources. For example‚ American Indian rock art
Premium Primary source Source text Historiography