two-airline policy. Economic efficiency is the main reason why the government is mandated to regulate the air transport industry especially in Australia where the two airline firms operate. Economic efficiency refers to as situation in which the real sources of the society are utilized in order to maximize the welfare and wealth for the given income distribution. In the airline markets‚ economic efficiency requires technical efficiency and allocative efficiency. Technical efficiency is where there is minimization
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Christian Terwiesch Four Dimensions of Performance Cost Quality ▪ Efficiency ▪ Product quality (how good?) ▪ Process quality (as good as promised?) Variety Time ▪ Customer heterogeneity ▪ Responsiveness to demand Important for - Performance measurement - Defining a business strategy Prof. Christian Terwiesch Four Dimensions of Performance: Measurements for a Sandwich Store Cost Quality ▪ Efficiency ▪ Product quality (how good?) ▪ Process quality (as good as
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replace it. unsought products- a product that no ones much about or a product buyers dont look for as muc The consumer product Mcdonalds sells is a convenience product because the products they sell are not expensive and are vert easy to get because there is a Mcdonalds almost on every corner. Product mix- All the products that an organization sells. Mcdonalds first started it sold only about 6 items. Its main focus was on burgers. As they grew and expaned nationaly and gobaly in the 1960s they
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Accountability vs. Efficiency The Struggle to Find a Balance Between Responsibility and Effectiveness Accountability is the essence of our democratic form of government. It is the liability assumed by all those who exercise authority to account for the manner in which they have fulfilled responsibilities entrusted to them‚ a liability ultimately to the American people owed by the government and thus‚ every governmental department and agency. Without it‚ power in the hands of the wrong individual
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McDonald’s in India In America‚ we consider McDonald’s to be a beef serving‚ sometimes fatty fast food restaurant‚ but after a 6 year business plan to sway the Indian population‚ McDonald’s has transformed. If they can continue this growth in India‚ and all over the world‚ globalization will start to love McDonald’s even more. They seemed to have hit the right points‚ from playing it safe‚ investing their time doing marketing research‚ to find the best places to put a restaurant and finding out
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furniture business. Guillermo needed to establish a competitive advantage‚ this change needed to ensure an increase in value or economic efficiency for the company. Guillermo’s first found out that many smaller companies were consolidating with larger companies through mergers or acquisitions. Being a part of a larger organization typically leads to an increase in efficiency by consolidating costs as well as manufacturing. This option was undesirable to Guillermo; he was not interested in purchasing smaller
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COURSE: DEPT: ENGLISH LANGUAGE PROGRAMME: M.A ENGLISH LITERATURE (PART TIME) SESSION: 2011/2012 SEMINER TOPIC: TO WHAT EXTENT THE IAN MCDONALD’S THE HUMMING BIRD TREE REFLECT WEST INDIAN IDENTITY ISSUES. Introduction The western Indian literature has gradually gained prominence over the years. What we have today is corpus experiences of a group of people known as the west Indians which comprises of a group of island such as Trindad and Tobago‚ Jamaica‚ Antigua
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Morningstar® DocumentResearchS Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington‚ D.C. 20549 FORM 10-K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31‚ 2010 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to
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management theory. For example‚ Wren (1994:131) suggests that "Taylor provided the polestar (i.e.‚ the guiding light) to a significant era in the evolution of management thought." This article discusses Taylor’s contributions in terms of industrial efficiencies and work measurement‚ standardization‚ delineation and management of tasks and the piecework concept‚ and organizational behavior. It also provides an analysis of the positive and negative impact of Taylor’s theories as suggested by various authors
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market in which prices can always fully reflect available information. According to Andrei Shleifer‚ Market efficiency is theoretically based on three conditions‚ which are investor rationality‚ independent deviations from rationality and unlimited arbitrage. If three conditions cannot be satisfied‚ the market might be not efficient. Thus‚ investors’ rational behavior leads to stock market efficiency. For instance‚ when a company releases new information‚ for all investors‚ they will adjust their estimates
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