Workplace: Dimensions‚ Measurement and Validation- This model tries to explain the feeling of empowerment from an employee’s context. Empowerment according to the model is increased motivation towards his task with which is manifested through set of four intrinsic variables – meaning‚ competence‚ self- determination and impact. Meaning- It means understanding of goals or tasks assigned to an individual in relation to his own ideals and standards. It basically is involves fit between the goals and tasks and
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Is Competency-Based Education the Answer? It is no secret that the United States is currently facing a literacy crisis. It is estimated that 21 percent of adults in the United States are reading below a 5th grade level and 19 percent of high school graduates cannot read. In Mike Rose’s book Literacy: A Critical Sourcebook‚ he states “the government requires that one be able to read and write at a sixth-grade level to be functionally literate: that is‚ to be able to meet-to a minimal degree- society
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From traditional budget planning to zero-based budgeting (Relevant to PBE Paper II: Management Accounting and Finance) Dr Fong Chun Cheong‚ Steve‚ School of Business‚ Macao Polytechnic Institute Introduction A budget is an important financial plan that incorporates a systematic analysis and interpretation of financial forecasts in terms of products‚ markets and the application of resources. It requires managers to plan. It needs operational and financial resources information for decision making
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A Literature Review on Resource-based View in Strategic Management Theories In field of Strategic Management‚ Resource based view theories (RBV)‚ is a business management tool used to determine that strategic resources available to a company. It stems from the principle that the source of the firms competitive advantage lies in their internal resources‚ as opposed to their positioning in the external environment. (Barney‚ 1995). In other word‚ RBV of the firm predicts that certain types of resources
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Going Beyond Outcomes-based Education: A Critical Analysis from Theoretical Perspectives Abstract Purpose The adoption of outcomes-based education (OBE) (Spady‚ 1994) has become a global trend to enhance teaching and learning (Ross & Davies‚ 1999; Killen‚ 2000; Botha‚ 2002)‚ however‚ recent research has showed OBE has limited potential for enhancing learning in developing countries such as South Africa because of its historical and situational constraints (Todd & Mason‚ 2005). In other words
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Activity Based Costing can be defined as an accounting methodology that assigns costs to activities based on their use of resources‚ rather than products or services. This enables resources and other associated costs to be more accurately attributed to the products and the services which they use. It doesn’t change or eliminate any costs; it provides detailed information about how costs are consumed. (Online manager-net.com). Traditional cost accounting looks at what is spent‚ while ABC methods
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Skill-based pay refers to a pay system in which pay increases are linked to the number or depth of skills an employee acquires and applies and it is a means of developing broader and deeper skills among the workforce. Such increases are in addition to‚ and not in lieu of‚ general pay increases employees may receive. The pay increases are usually tied to three types of skills: • horizontal skills‚ which involve a broadening of skills in terms of the range of tasks • vertical skills‚ which
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Value-Based Healthcare I. The metamorphosis of health care is underway with the shift from a volume-driven‚ profit-oriented environment towards a holistic‚ value-based care approach. A recent study by Managed Care shows that “Three-fourths of providers currently participate in at least one value-based payment model‚ and more than 60 percent expect them to become the dominant payment model (pg. 1).” But what really is value-based health care‚ why do we need it‚ and why is it portrayed as the
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The resource-based view (RBV) is a business management tool used to determine the strategic resources available to a company. The fundamental principle of the RBV is that the basis for a competitive advantage of a firm lies primarily in the application of the bundle of valuable resources at the firm ’s disposal. To transform a short-run competitive advantage into a sustained competitive advantage requires that these resources are heterogeneous in nature and not perfectly mobile. Resource-based view (RBV)
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Strength of Activity Based Costing The major strength of activity based costing is the ability to estimate the cost of individual products and services precisely. By transferring overhead costs to individual units of products or services‚ ABC helps identify inefficient or non-profitable products or activities that help into the profitability of efficient processes or highly profitable products. 1. More accurate costing of products/services Product cost determination under activity-based costing is more
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