of a well-defined relationship b/t a cost object and its cost drivers for the purpose of predicting the cost * Facilitates strategic mgmt is 2 ways * Helps predict future costs * Helps identify key cost drivers for a cost object and which driver is most useful * Using Cost Estimation to Predict future costs * Strategic mgmt requires accurate estimates for the following: * To facilitate strategy development and implementation * To facilitate
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Ethics and Social Responsibility Mitchell Askew Business Management Paper 1 2/4/2014 What is ethics and social responsibility and why is it important in the work place. MGMT (2013-2014) workplace deviance‚ ethics: Ethics is the set of moral principles or values that defines right and wrong for a person or group. A Society of human resources management survey found that only 27 percent of employees felt that their organization’s leadership was ethical. In a study of 1‚324 random selected workers
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(fast). prod+serv decisions quality: total quality mgmt‚ performance‚ conformance‚ consistency. features‚ style+design‚ packag’g‚ label’g‚ support serv prod line decisions: length (# of items)‚ filling (+ items within range of line)‚ stretching (lengthens beyond current range ). prod. mix decisions (set of all prod lines + items): width (# of different pls) length (total # of items within pls)‚ depth (# of versions offered of each prod) services mgmt : intangibility‚ inseparability‚ variability‚ perishability
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MGMT 101: INTRODUCTION TO MANAGEMENT SPRING 2014 Professor: E-mail: Canvas course site: Lectures: Office Hours: Head TA: Martine Haas mrhaas@wharton.upenn.edu https://wharton.instructure.com/courses/1099976 001‚ M 10:30-11:50 (in SHDH 350) 002‚ M 12-1:20 (in SHDH 350) 003‚ M 1:30-2:50 (in SHDH 350) Professor: Tuesdays 4-6pm‚ or by appointment (in 2024 SH-DH) TAs: Office hours vary by TA; available on Canvas (all in 3101 SH-DH) Arjan Markus (markusa@wharton.upenn.edu) We all
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Chapter One: The Nature and Value of Strategic management: * Managers must manager internal activities along with responding to problems posed by the immediate and remote external environments * Immediate external environment: competitors‚ suppliers‚ increasingly scarce resources‚ gov agencies‚ regulations‚ shifts in customer preference * Remote external: economic‚ social‚ political‚ technology‚ * Must be anticipated monitored‚ assessed and incorporated into decision
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MGMT 368 Blanchat Page 1 Business Ethics Section E Biography of Jeremy Bentham Jeremy Bentham was a well known philosopher who was most closely associated with the concept of Utilitarianism. He was a visionary and author of many writings and was an advocate of numerous types of social reform. He was a critic of legal procedures and made it his life’s mission to change it for the better. Jeremy Bentham was
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CHAPTER 3: THE MACRO ENVIRONMENT MGMT 488 – STRATEGY AND POLICY OVERVIEW The macro environmental analysis is the first step in creating the Environmental Analysis. The macro environment examines the general business climate as it relates to the organization‚ but has nothing to do with the organization itself. The macro environment is primarily concerned with major issues and upcoming changes in the environment. The acronym for the macro analysis is “STEEP.” The five areas of interest are Socio-cultural
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Chapter 7 FORECASTING QUESTIONS & ANSWERS Q7.1 Accurate company sales and profit forecasting requires careful consideration of firm-specific and broader influences. Discuss some of the microeconomic and macroeconomic factors a firm must consider in its own sales and profit forecasting. Q7.1 ANSWER The better a company can assess future demand‚ the better it can plan its resources. Every corporation is exposed to three types of factors influencing demand: company‚ competitive and
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opportunities‚ most recruits stayed for 2 to 3 years‚ no management development‚ those remain and reach top of HQ –mostly Swiss male (old school boys club) CURRENT CHALLENGES – greater diversity in mgmt ranks – more professionals‚ foreigners and women. NEW STRATEGIC PLAN (2007 -2010) – challenges to HRM. 3 mgmt priorities – 1. Multidisciplinary; 2. Greater accountability & 3. Increased efficiency thru’ results based management. Role of HQ? – Centralised or Decentralised? Policies & Procedures needed
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Preliminary Project Report on “Development of Warehouses on Public-Private Partnership Basis” in Rajasthan Prepared by Devender Kumar IABM Bikaner ACKNOWLEDGEMENT This project has been made possible through the direct and indirect co-operation of various people‚ words can hardly express my feelings of indebt-ness to all those who extended cooperation in completing this project work successfully. I am extremely thankful to Mr. Vinayak Pandey‚ Sr. Manager‚ PDCOR Limited for providing
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