manager is maximizing of wealth rather than maximizing profit--measuring wealth or value is by cash flows and not accounting profits. This goal must be constantly in mind when making investments‚ financing these investments‚ and funding the company’s day-to-day operations. The total value of the firm can be increased by pushing up the price or market value of the existing shareholders’ ordinary shares. Investors react to poor investment decisions or poor financing decisions by causing the total value
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Unit 1 – Key principles of management and leadership Activity 1 a) Though the two terms seem similar on the surface‚ in reality they are quite different. A great manager does not necessarily make a great leader‚ and a great leader does not necessarily make a great manager. Management controls or directs people/resources in a group according to principles or values that have already been established. Leadership is setting a new direction or vision for a group that they follow‚ i.e.: a leader
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Introduction to effective practice and risk management Effective practice principles This assignment will explain three effective practice principles: criminogenic need‚ programme integrity and responsivity‚ followed with a brief case example of how it is used in my professional practice. Criminogenic Need The criminogenic need principle involves the basic idea of identifying key dynamic risk factors related to offending behaviour (Chapman & Hough 1998‚ Winstone & Heath 2010)‚ such as
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Unit 3 Principles and practice of assessment Kerryann Kelly 1b Research on peer and self assessment was completed to help increase understanding and to obtain further background information on this topic. The method I used to research this topic was through primary and secondary research. Primary research was through my own learning experience. Discussions with my tutor and observation of tutor led power point presentations; gathering of handouts and through the exchange of information with
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is also the case that people’s health is more important than businesses. In any case‚ pubs and restaurants could adapt to a ban by‚ for example‚ allowing smoking areas. Body paragraph 2: Topic sentence: Smokers pollute the air. Supporting details: They breathe out hundred times as much pollution as nonsmokers. Further down the scale of mattering‚ it makes your clothes and breath stink. Body Paragraph 3: Topic sentence: Smoking can cause serious health problems to the smokers themselves and
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Internal Controls Paper FIN/324 University of Phoenix November 2‚ 2005 Internal Controls Paper When it comes to the internal controls of firms and enterprises‚ executives are constantly keeping a close look on the accuracy and effectiveness of these controls along with seeking ways to better them. According to COSO (2004) the implementation of internal controls helps guide companies in reaching towards their profitability goals‚ the accomplishment of their mission statement‚ and helps minimize
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paper‚ 100% chlorine free in manufacture Mars‚ Incorporated The Five Principles of Mars Quality Responsibility Mutuality Efficiency Freedom The Five Principles of Mars We at Mars share special values about our company and the way it should be run. These values – our Five Principles – set us apart from others‚ requiring that we think and act differently towards our associates‚ our brands and our business. These principles have always been demanding and are an essential part of our heritage.
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Unit CU3957: Principles of Management and Leadership Assignment Within this assignment I will describe my understanding of the links between management and leadership‚ the skills and styles of management and leadership‚ the application of management and leadership theories in an organisational context and planning for the development of management and leadership skills. 1. Management and Leadership Links To fully explain the relationship between Leadership and Management we need to appreciate
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no simple definition for principles of effective teaching. As we all know learning is a challenge and change in each individual. In an effort to summarize principles of learning a handful of ideas come to mind. Communication‚ Interaction‚ Diversity Recognition‚ Program Knowledge‚ Teaching Techniques‚ Student Exercises‚ and Appropriate Breaks. Learning is more likely to occur if there is a realistic and attainable learning goal. Teaching principles also are effective when information is presented
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Principles of Agricultural Economics Lecture no.1 Economics – Meaning‚ Definitions‚ Subject matter of Economics – Traditional approach – consumption‚ production‚ exchange and distribution ECONOMICS Economics is popularly known as the “Queen of Social Sciences”. It studies economic activities of a man living in a society. Economic activities are those activities‚ which are concerned with the efficient use of scarce means that can satisfy the wants of man. After the basic needs viz.‚ food‚ shelter
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