disposal of the product. Manufacturing Process The shoe making process of FitnFeet shoes is categorized into four departments in which a progressive route is followed for producing finished shoes. These are- Clicking or Cutting Department‚ Closing or Machining Department‚ Lasting & Making Department‚ Finishing Department before putting it in the Shoe Room. Clicking or Cutting Department In this department‚ the top part of the shoe or the "upper" is made. The clicking operative is given
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Q1;Relationship between Goals Objectives and Policies Goals are ; *broad plan *having generic action *goals are intangible in nature and cannot be measurable *they are long term *the main aim of the goal is toward which an endeavor is directed *and it is based on ideas Objectives; In contrary to goals‚ objectives are; *narrow plan *specific actions are taken out to achieve objectives *they are measureable and are tangible in nature so that it is easy for the organization to check
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Task 1 – The aims and objectives of Tesco & Nike Aims: An aim is a goal of which a business wants to achieve. For example‚ some businesses aim to expand whilst others aim to survive. Another aim that a business can have is selling as much as possible whilst others aim to improve the quality of their products. Objective: An objective is what a business wants to achieve but more precise targets than aim. For example an objective for a business can be to sell 1000 more products than we sold
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1) FIRM OBJECTIVES: The standard economic assumption underlying the analysis of firms is profit maximization. Real world firms‚ however‚ might not‚ and many times do not‚ make decisions based on the profit-maximization objective‚ or at least exclusively on the profit-maximization objective. Other objectives include: (1) sales maximization‚ (2) pursuit of personal welfare‚ and (3) pursuit of social welfare. Although firms are assumed to make decisions that increase profit in standard economic
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Management by objectives (MBO) Overview The essence of MBO is participative goal setting and choosing one’s course of actions. An important part of the MBO is to measure and compare the employee’s actual performance with the set standards. After defining the organizational objectives as per the yearly business plan set by the top management‚ objectives are cascaded into smaller‚ more specific goals at each level of organization (divisional‚ departmental‚ individual). The manager and his
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Introduction Company G is a major player in the electronics market. We have an excellent reputation for being a ground-breaking company that provides high-quality‚ highly reliable products that are reasonably priced. Our consumers take pride in the items that they purchase with the Company G name on them. Our small appliance line fits well into our electronics family and will be just as pleasing to our customers as our other products. The G100 Iron/Garment Steamer introduced in this marketing plan will
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Introduction Competition is getting harder and becoming global. Companies now have to be more responsive‚ offer a better product and keep improving. Total quality management (TQM) increases customer satisfaction by boosting quality. It does this by motivating the workforce and improving the way the company operates. In an increasingly competitive market‚ firms with a continuous improvement culture and external focus are more likely to survive and prosper. TQM is considered an important catalyst
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SMART Objective Gu langyu is located in the southwest to the Xiamen Island .Famous for it’s Beautiful scenery.In 2011‚this scenic spots received 20000 visitors per day.During the long vacation‚the number of tourists as high as 100000.A large number of tourists‚ which caused serious environmental pressure‚ produced a lot of rubbish everyday‚ destroyed historical relics ‚damaged the local people living environment .These problems must be settled as soon as possible. Specific:Comply with the
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later expressed his gratitude after the war by making that friend his partner in a shoe store. The partnership lasted for more than 40 years until the shoe store had to give away to the building renovations of the lessor. After the war ended in 1945‚ he ventured into selling American shoes imported by enterprising. He later saw the opportunities of opening a shoe store‚ and not long after he was managing three shoe store in partnership with friends. Then he was able to save his money‚ so he pursuing
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No. 1 - Four essential steps in the management by objectives (MBO) process Management by objectives (MBO) is a system whereby managers and employees define goals for every department‚ project‚ and person and use them to monitor subsequent performance. Four major activities make MBO successful. MBO is result oriented. Emphasize the accomplishment rather than input. Encourage the participation at all level of organization that means collaborative‚ shared power and self management. A process consisting
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