AN OCCASIONAL ADDRESS TO THE UNIVERSITY OF TASMANIA FACULTY OF ARTS GRADUATION ON 14 DECEMBER 2010‚ BY Chief Executive Officer‚ Mrs Barbara Etter APM “The Importance of Moral Courage in Leadership” Chancellor‚ Vice-Chancellor‚ distinguished guests‚ graduates‚ ladies and gentlemen‚ girls and boys. Before I commence‚ I would like to acknowledge the traditional owners of this land. It is with great pleasure that I am delivering an occasional address this morning at this very important event – your
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relationship between total cost and output‚ assuming that the firm produces in the most efficient manner possible given its current technological capabilities. Semifixed: fixed over certain ranges of output but variable over other ranges AC(Q): average cost function; describes how the firms average cost function or per unit of output costs vary with the amount of output it produces. When average costs decreases as output increases‚ there are economies of scale Margincal cost: refers to the rate
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specialty retailers. MegaMart has offered to purchase 50‚000 units annually for a three-year period at 374 per unit. It cannot pay a higher price because it plans to retail the product at only 549. While costs are not expected to increase‚ an inflation clause will allow Elektra to pass on exogenous cost increases. After extensive negotiations‚ MegaMart has made a take-it-or-leave-it offer and threatened to explore other strategic partners in case Elektra does not accept its offer. Although MegaMarts
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international trade and development experts argue that China is just now discovering the difference between being a major economic player in global business and its previous peripheral role as a low-cost manufacturing site on the periphery of the world economy. What do you think? Mattel’s global sourcing in China‚ like all other toy manufacturers‚ was based on both low-cost manufacturing‚ low-cost labor‚ and a growing critical mass of factories competitively vying for contract manufacturing business. Do you
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What is leadership and why is it important for organisations? When it comes to define the term leadership we all refer to the term management. Sure‚ these positions within an organisation go hand in hand. Moreover‚ they practically signify the same which means there are kind of synonyms. However‚ they can be different‚ so it is essential to be aware of those differences. In other word‚ it is necessary to distinguish between management and leadership. Let’s state those distinctions through their
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Personal Leadership Strategies and Interventions Faridah BUS: 610 Organizational Behavior Instructor: Dr. Leo Smith February 5‚ 2012 Personal Leadership Strategies and Interventions Effective leadership is a collaboration of individual style and execution of strategies. Successful leaders understand and implement tactics which motivate and influence employees to accomplish stated objectives. Regardless of the circumstances‚ the role of leadership is inherently tied to personality traits
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that‚ despite the cost savings inherent in standardisation‚ success can often be attributed to being able to adapt to a specific environment. This is indeed the case with its implementation of its pricing strategy‚ which is one of localisation rather than globalisation. Table II illustrates the comparative Big Mac prices (flagship brand of McDonald’s) from around the world. It succeeds in highlighting the point that McDonald’s has had to come up with different pricing strategies for different countries
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Using all the economic tools at your disposal‚ write a paper/report of not more than 2‚500 words (preferably typed) on the company where you work by assessing its structure‚ its economic importance to the Ghanaian economy as well as its problems and suggested solutions. Total Petroleum Ghana Limited ‚(TPGL)‚an oil marketing company ‚came into existence in November ‚2006 following the merger between Mobil Oil Ghana Limited and Total Ghana Limited .The strong historical heritage of the company
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2.2 Pricing Strategy 2.2.1 Factors affecting pricing decisions Milo is considered as a product of monopolistic competition market because there are many competitors of Milo in the market. Some of the competitors include Vico‚ Ovaltine‚ Horlicks‚ Dutch Lady and Nutrilite. Secondly‚ monopolistic competition market has free market entry and exit. This means that new competitors can enter the market easily and Milo may be easily force out of the market by its competitors. Monopolistic competition
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the importance of good leadership for a successful business. Introduction: Function of leadership in business. Leadership is the process by which an individual influences‚ motivates and controls the behaviour of others towards a specific set of objectives. Leadership is the composite of abilities and characteristics of an individual leader of the environment in which he operates and of the relationship developed between the leader and the led. It is very important to have good leadership for
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