The managerial grid model (1964)‚ developed by Robert Blake and Jane Mouton‚ is a behavioral leadership model. The model is an excellent way to map out different leadership styles‚ and an excellent way to evaluate the leadership performed by leaders and managers. This model identifies five different leadership styles based on the concern for people and theconcern for production. It is important to remember that none of the concerns are right or wrong‚ and the concerns are ideally balanced to the
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professionals‚ operational and marketing managers‚ top-level executives‚ and information technologists. Managerial accounting is therefore concerned with the provisions and use of accounting information to managers within organizations‚ to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions. Managerial accounting therefore is important to a manufacturing organisation in the following ways: Motivating Managers
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PHYSICS‚TECHNOLOGY AND SOCIETY. Technology and society or technology and culture refers to cyclical co-dependence‚ co-influence‚ co-production of technology and society upon the other (technology upon culture‚ and vice-versa). This synergistic relationship occurred from the dawn of humankind‚ with the invention of simple tools and continues into modern technologies such as the printing press and computers. The academic discipline studying the impacts of science‚ technology‚ and society and vice versa
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Managerial accounting principles are utilized on a daily basis by managers and accounting professionals to assist them in making sound decision for companies. The company’s management collects and analyzes data to meet specific needs in different areas of operations. Four important areas management and accounting professionals concentrate on include budgeting‚ forecasting analysis and projection. Budgeting takes place at the onset of the fiscal year. Managers and accountants work in tandem
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SCOPE OF ONLINE CLASSROOM Dr.R.Sivakumar INTRODUCTION The present Technological century is the age of using ICT in Teaching – Learning process. The Teacher and Learner must gain access to technology for improving learning outcomes. Educational reforms include successful designing and implementing of ICT in the teaching-learning process‚ which is the key to success. ICT is an important instrument‚ which can transfer the present isolated‚ teacher-centered‚ book-centered learning environment into
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1. Introduction 1.1 Origin This project proposal titled “Critical Analysis of Tea Industry in Bangladesh from Managerial Economic Perspective” has been proposed for Dr. A. K. M. Saiful Majid‚ Course Instructor‚ Managerial Economics‚ as a partial requirement of the course. 1.1. Scope We have used this study to find out present situation of the tea market which includes the demand supply equilibrium‚ demand supply scenario‚ market structure‚ problems and potentialities of the distribution
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MARKETING AS A MANAGERIAL FUNCTION Marketing as a managerial activity involves analyzing the market opportunities‚ planning the marketing activities ‚implementing marketing plans and setting control mechanism‚ in such a way that organizational objectives are accomplished at the minimum cost. In other words‚ marketing is: 1. Understanding consumer needs. 2. Environmental scanning and market opportunity analysis. 3. Developmental of competitive marketing plan and strategy such that an organization
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Define Managerial Economics and explain its main characteristics. 190 days ago by Galaxy Edu Planet 0 Q. Define Managerial Economics and explain its main characteristics. Answer: Meaning: Managerial economics is a science that deals with the application of various economic theories‚ principles‚ concepts and techniques to business management in order to solve business and management problems. It deals with the practical application of economic theory and methodology to decision-making problems
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Problem 19-2: Vt. Sugar Enterprises Given: Syrup Sugar Total Units produced 20‚000 1‚000 21‚000 Unit selling price $15.00 $2.00 Total process costs: After split-off $12‚000 $280 $12‚280 Joint costs $100‚000 a. Calculate the cost of the syrup if the sugar is considered a by-product and the gross margin from its sale is considered to be a reduction of syrup costs. Products Sales Value Costs beyond split-off Difference Joint costs allocation Syrup $300‚000 12‚000 288‚000
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I. Introduction This case study aims to provide the best decision on which two locations would minimize cost and at the same time meet the demands of each outlet of Custom Campers‚ Inc. Each outlet is located in different states and Ricky needs to make sure that the company would be able to satisfy the consumers’ demands for Shower-Rifics in each state. There are many factors that Ricky and each outlet manager should consider before they can make a decision. These factors include transportation
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