Vol. 2‚ No. 2 © OECD 2002 Modern Financial Management Practices by Ian Ball* * Ian Ball is Chief Executive‚ International Federation of Accountants (IFAC) and former Central Financial Controller‚ New Zealand Treasury. OECD JOURNAL ON BUDGETING – Vol. 2‚ No. 2 – ISSN 1608-7143 – © OECD 2002 49 MODERN FINANCIAL MANAGEMENT PRACTICES 1. Executive summary The paper highlights two incentive regimes which have been used by governments to improve their financial management systems: the capital charge
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The direction of this paper aims to explain a bureaucracy‚ its characteristics‚ and how it is relatable to a business. Bureaucracy is an imperative integrated portion of the American lifestyle and can be found in large corporations of the world‚ down to even simpler businesses. A bureaucracy is a goal-oriented organization founded to finish tasks with an effective and resourceful system according to The Theory of Social and Economic Organization (Weber‚ 1947.) Such organizations contain hierarchical
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Despite the fact that the federal bureaucracy was never explicitly laid out in the constitution‚ was never instituted and planned‚ and was evolved by the gradual accretion of agencies and tasks over time‚ the federal bureaucracy proves to be one of the most influential and powerful departments in American government. The original bureaucracy of the federal government began as a small group of people from three departments: the State‚ Treasury and War departments. This group of people formed together
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Competitive Advantage Strategy by Michael Porter Theory of McDonalds 2013 _____________ A paper Presented to the Faculty Economy of President University Indonesia _______________ In Partial Fulfillment of the Requirements for the Final Exam of Service Management _______________ By Trecy Emerald 014201000167 International Business 3 Introduction McDonald is‚ originated in California‚ USA‚ 1954‚ has become one of the most recognized and respected brands in the
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food chain restaurant‚ primarily selling hamburgers‚ chicken‚ french fries and carbonated drinks. The business was begun in 1940‚ with a restaurant opened by siblings Dick and Mac McDonald in San Bernardino‚ California. Their introduction of the "Speedee Service System" in 1948 established the principles of the modern fast-food restaurant. The present corporation dates its founding to the opening of its first franchised restaurant by Ray Kroc‚ in Des Plaines‚ Illinois on April 15‚ 1955. McDonald’s
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them to maintain tight ‘delivery-on-time’ schedules by anticipating demand in each outlet. Trucking fleet with different refrigeration installed has been set up to deliver multiple types of supplies within short notice. With meticulous supply chain management‚ MD has successfully minimized cost‚ increased quality control and achieved higher customer satisfaction. Improved transportation and food processing technology have served to increase India’s agricultural productivity and the profits of farmers
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Max Weber’s Model for Bureaucracy and Antz The purpose of this paper is to apply Max Weber’s bureaucratic management theory to the film Antz. First‚ an overview of the Weberian model of bureaucracy is provided. Second‚ a brief description of Antz and the hierarchical structure of the society depicted throughout the movie. Lastly‚ the bureaucratic management theory is applied to the film Antz to demonstrate the beneficial and potentially detrimental aspects of a bureaucracy. First‚ Max Weber’s model
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is at the forefront of quality managerial practices. Good management has demonstrated itself more important than ever‚ with the peak Global Financial crisis in 2008/2009 proving that the historical theory’s and innovations in managerial practices are absolutely paramount to thriving economic prosperity. It is through the functions‚ approaches included in the literature of Henri Fayol’s 1949 English translated General and Industrial Management‚ Henry Mintzberg’s studies into managerial roles and German
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Introduction Background of the study Human societies have been gone through a drastic shift from a very simple life (stone age)‚to a very complex life‚ which is now termed as Post-Modern societies or states. Due to this transition‚ systems had evolved into formal and well organized manner. Now for smooth functioning of a society or state‚ institute of Government is needed. So Governments are key elements of our social lives and their actions routinely shape the lives of individuals. Governments
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or own nation. Our schools as organizations are bureaucracies. Bureaucratization of American schooling began in the nineteenth century (Ballantine‚ 1993‚ p. 159). Although Bureaucracy can be described as "a rational‚ efficient way of completing tasks and rewarding individuals based on their contributions" (Ballantine‚ 1993‚ p.154)‚ Bureaucracy has its weaknesses. Urban Schools are suffering under this organization of schooling‚ and "sick bureaucracy" (Ballantine‚ 1993‚ p. 161) is emerging. The hierarchy
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