1 ECON 331: INDUSTRIAL ORGANISATION TOPIC: ANALYSIS OF THE NEWSPAPER ARTICLES SUBMITTED BY: Vishakha Agarwal BABE-3 110144 2 INTRODUCTION 1. PRODUCT DIFFERENCIATION “Diversity is the staff of economic life.” The theoretical tool of dealing with diversity is product differentiation. (Rosen.2002). It is an important component of imperfectly competitive strategic interaction. Sometimes‚ producers create physical and psychological differences between goods that are nearly identical
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TYPES OF ORGANISATION QUIZ 1) Which form of business organization do you think is most suitable for each of the following businesses? Explain your answer fully: a) A young student is planning to offer his services to neighbors as a gardener. He will purchase only cheap tools to start with. (3) The sole trader form is most suitable for this business‚ because sole trader is most common form- operated just by one person‚ and this business is running only by a young student‚ which is only one person
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Schools as organisations – Level 3 Know the structure of education from early years to post-compulsory education. There are many different types of education establishments within England. These vary dependent on the type of funding they receive or if they are attached to a particular faith. Using the internet‚ research early years provision‚ the different characteristics of different types of schools within England and post 16 options. Task 1.1 Each local education authority
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"Management information system is essential for creating competitive firms‚ managing global corporations‚ and providing useful products and services to customers." (Laudon‚ 2002‚P1) It provides information figure of reports and displays to managers. For example‚ sales managers may use their computer workstations to get sales results of their products and to access weekly sales analysis reports‚ and then evaluate sales made by each salesperson. "Management information systems arose in the 1970s to
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manufacture industry leader‚ I have conducted web research and believe that ford products and its future prospects are impressive and exciting. I have always wanted to work for the company‚ the manufacturing team is the team I’d be proud to work along with. As a experienced ME‚ MSC‚ MBA It is place where my skills can be utilized and developed. Ford Company is focused on creating a strong business that builds great products that contribute to better world in means of more employment. The team work
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small business concern at present. It has a very limited line of products and needs to make efficient use of its resources. Based on its size and product offerings‚ the organization will adopt functional organization structure‚ which is the most basic and logical form of structure. The structure will provide a slim management structure. There is one Managing Director who is also being responsible for financial aspect of the business. There are one general manager who is responsible for will look into administration
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changing business environment‚ perceiving organisational behaviour is recognised as one of the most significant aspects of all business operations (Robbins and Judge‚ 2010). According to Financial Times Mastering Management (1997) “Organisational behaviour is one of the most complex and perhaps least understood academic elements of modern general management‚ but since it concerns the behaviour of people within organisations it is also the most central... its concern with individual and group patterns of
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Introduction to customer relations 2. Core concepts 3. Facets of customer relationship management 4. Importance of customer relations 5. Global perspective on customer relationship management 6. Role of Human Resources in Customer Relationship Management PART II –CUSTOMER RELATIONS‚ CUSTOMER SERVICE & PUBLIC RELATIONS 1. Customer Relations and Customer Service 2. Customer Relations and Public Relations PART III – CUSTOMER RELATIONS
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influence the organisation members’ interaction and glue the organisation together. According to Schein’s (1992) model of culture; there are three levels of culture: artefacts‚ espoused values and basic underlying assumptions. The basic underlying assumptions are the essence of an organisational culture‚ which include taken-for-granted beliefs‚ perceptions‚ and ultimate source of values and actions. Once organisations have developed a set of assumptions‚ members within organisation follow the assumptions
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Activity A A new manager is starting in the organisation shortly. You have been asked to provide an information sheet to this new-starter‚ so that they can gain some understanding of the organisation in preparation for their start. The purpose and goals of the organisation The purpose of 2 Sisters Food Group is to satisfy its stakeholder needs while producing ‘great quality‚ great value food.’ As with any organisation‚ at 2 Sisters there are 2 main types of stakeholders; primary and secondary. The
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