product cost is the cost of goods and the amount of operating expenses. What sets Trends Fashion apart from other retail locations is its unique consignor/consignee retail strategy‚ which allows them to cover the cost of obtaining the goods plus the expenses related to operating the business. The wide range of products offered by Trend requires an efficient pricing strategy in terms of pricing lines and pricing ranges. Trend is able to calculate a selling price on used clothing no matter what item it
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What are the Institution Building Skills of the Top Executives in organisational set up? Explain with examples from various Institution Building Personalities quoting their role relating to various skills which contributed in Institution Building. Briefly describe the organisational history you are referring to. Most of the institution building activities require attending to some very important functions. The chief executive has to maintain his position of a leader of the organisational management
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BUSINESS MANAGEMENT 3C (MANAGER DEVELOPMENT/BUM 321) ASSIGNMENT 1 Question 1 a) The roles of management are the four basic management functions (planning‚ organising‚ leading and controlling) and six additional management functions (decision making‚ communication‚ coordination‚ delegation and disciplining). The basic management functions are the most important steps in the management process and are performed consecutively during each activity during the simultaneous performance of different
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Gujarat University‚ Ahmedabad – MBA Programme Details of the Courses Offered Annexure E Course Code: C101 Economics for Managers (EFM) 1. Course Objective This course is designed to impart knowledge of the concepts and principles of Economics‚ which govern the functioning of a firm/organisation under different market conditions. It further aims at enhancing the understanding capabilities of students about macro–economic principles and decision making by business and government. 2. Course Duration
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important part of any business and managing them is an important task. Our institution has come forward with the opportunity to bridge the gap by imparting modern scientific management principle underlying the concept of the future prospective managers. To the emphasis on practical aspect of management education the faculty of College Name has with a modern system of practical training of repute and following management technique to the student as integral part of PGDM.
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1. Conducting Business during the 21st century has many dimensions. To what extent are national forces being superseded by global trends‚ especially in terms of multilateral institutions such as the European Union and various economic agreements in the Western Hemisphere and Asia? When a company considers investing internationally‚ what circumstances should influence how much priority is given to global concepts and/or national differences when evaluating the four alternatives for strategic choice
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training‚ the responses of the managers can be categorized into two parts. By the help of these responses‚ a lot can be said about their leadership styles and the situation of the firm. First of all‚ the Google manager says that he does not have any kind of leadership trainings and does not think it is necessary for him. He stresses that the most vital thing for him to do is to manage and assist his staffs in almost every activities and thus‚ it can be said that the manager for Google is a production
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organizational unit‚ every manager must perform some ceremonial duties as well as greet dignitaries‚ attend weddings‚ or take out customers. As figurehead of an organization managers need to take responsibility for actions of the employees such as taking blame for a mishap that may have occurred Leader Managers are responsible for the work of their respective people of their unit. They must partake in leadership roles such as motivating and encouraging employees. As a leader‚ the manager must empower their
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line managers have a lack of desire to implement HRM. However‚ willingness is essential for someone to perform effectively. Furthermore‚ line managers do not have capacity to implement HRM‚ since they have other‚ more pressing‚ short term operational responsibilities. This short-range focus may result in people management that is generally less effective. Besides‚ line managers have limited skills and competences in HRM due to a lack of training. It is suggested that these low competences are a significant
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activities to achieve desired outcomes. A manager is someone who works with and through other people by co-ordinating their work activities to accomplish organisational goals. (Robbins‚ Stagg‚ Coulter‚ 2003‚ p.10) This definition states‚ the fundamental responsibility of a manager‚ is to accomplish the organisations objectives by ’getting things done through people’. There are however several ways of conceiving managerial responsibilities‚ as a ’manager’ can be viewed from many different positions
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