A management control systems (MCS) is a system which gathers and uses information to evaluate the performance of different organizational resources like human‚ physical‚ financial and also the organization as a whole considering the organizational strategies. Finally‚ MCS influences the behavior of organizational resources to implement organizational strategies. MCS might be formal or informal. The term ‘management control’ was given of its current connotations by Robert N. Anthony (Otley‚ 1994)
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Money can be as good as gold! Having a lot of money can be a great pathway to success. First‚ I have seen many celebrities have a lot of money and be a great success. Second‚ Donald Trump is the new President. Last‚ I believe Donald Trump is this way. Overall‚ Money can be great route to success. Also‚ most celebrities have really high budgets. For example‚ celebrities such as Vin Diesel‚ Dwayne Johnson‚ and Will Smith. All of these individuals have made a living off of their acting careers. I remember
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Who is SuperHeroes LLP accountable to? And what is it accountable for? SuperHeroes LLP is accountable to its customer‚ Good City. More specifically‚ SuperHeroes LLP is directly accountable to the mayor of Good City. In addition‚ the members of SuperHeroes LLP are accountable to each other and to their CEO‚ Catrix. SuperHeroes LLP is accountable for doing the job they were hired to do‚ which is lowering crime and keeping the citizens safe while causing minimal damage in the process. What keeps
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What pushed Donald Trump to his triumph? The world’s media including CNN‚ has throughout one of the decades most thrilling US presidential elections portrayed the characteristic Donald Trump-elector as a paranoid white man with no education‚ and with relatively low incomes. The depiction is not completely wrong as it indeed describes a group of Donald Trump’s main voters. But it is misinforming when you look at the diversity of the voters who gave the capitalist triumph. But what factors and way did
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Weakness -Slow reaction to the market The McDonald’s Corporation is the world’s largest chain of hamburger fast food restaurants‚ serving around 68 million customers daily in 119 countries. Therefore‚It has a huge and complex structure‚which means its reaction to the market might be slow.Moreover‚Starbucks launched mooncakes for Chinese Mid-autumn festival‚combining Chinese and western cultures together and creating a new trend of mooncakes. Compared with Starbucks‚ McCafé’s indigenization
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MICROECONOMICS | MACROECONOMICS | As the term “micro” imply‚ microeconomics facilitates decisions of smaller business sectors.Micro Economics studies the problems of individual economic units such as a firm‚ an industry‚ a consumer etc.Micro Economic studies the problems of price determination‚ resource allocation etc.While formulating economic theories‚ Micro Economics assumes that other things remain constant.The main determinant of Micro Economics is price.Microeconomics is the study of decisions
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Question 1: How are customer’s tastes changing in the fast-food industry? What impact do these changes have on Mc. Donald’s? There are around 40 Million American are considered obese. We live in a world‚ where everything is almost instant. We can go to a drive up window and receive a fast‚ hot meal in less than 3 minutes. Everything is about fast. That is the Mc Donald’s golden years. But sometimes‚ going too fast is not good for us. Customers now substitute healthy food for a quick cheap meal
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So‚how can we get to iconic branding? To me‚ iconic branding is about really getting three things right: The first and most important is segmentation. Now‚ segmentation is a much used word‚ but it can make the difference between winning and losing. Segmentation must go way beyond the generic functional attributes and features if it has to be truly powerful. It must seek to understand the functional‚ the psychological and the emotional gratification that the consumer derives. A very good example
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Part 1: Description and explanation of innovation The Nomad Micro-Home Fig 1: taken from The Daily Mail’s publication (2013) The Nomad micro-home is essentially a flat-pack‚ self-assembly product. It is a two storey house with all of the mod-cons of contemporary living condensed or minimalized to provide a house that delivers a basic living area that makes the most of the available space by creating innovative ways of incorporating the material things needed for necessary habitation (Warren‚ 2013)
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for establishment of micro finance institutions to support this sector. The growth of micro finance institutions has been due to the response to this need. IN Kenya‚ there is several micro finance ranking from individual owned institutions to cooprporate based institutions. K-REP has been the fore front in promoting his sector among other new players like Equity Bank and Family Finance Bank. KWFT has also joined in to offer credit to members of the society in the form of micro credit activity. The
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