GSM 5000 MANAGERIAL ECONOMICS PROBLEM-BASED LEARNING 2 PROFESSOR DR. MAD NASIR SHAMSUDIN GROUP 5: AZLINA IDRIS MOHD KHAIRUL AINUDDIN MD ZIN ONG WEE HONG VOO LIDY GM04172 GM04218 GM04213 GM01460 1. Learning Issues 1.1 What is forecasting? Forecasting is the process of making statements about future happenings based on the previous data collected. Forecasting usually is an estimation of the future data‚ happenings‚ trends‚ values‚ etc for the specified date. A commonplace example is estimation of
Premium Forecasting Econometrics Regression analysis
Unassailable logic will not always suffice. And most people with perhaps a little thought accept this but only as theory. Either way‚ a do-nothing approach as we saw it in The Managerial Imperative is persuasive. The waste in business and government is staggering. Plenty of analysis but often no meaningful plan. We have modeled the world to death on many irrelevant issues. What is the point? It is two-fold: one‚ planning fascinates
Premium Morality Ethics Logic
application of resource and knowledge based concepts to creative industries. EDUCATION Ph.D.‚ McGill University‚ 1992 Primary Area: Business Policy and Strategy Supporting Areas: Organization Theory‚ Industrial Organization Thesis Advisors: Henry Mintzberg‚ Danny Miller‚ Taieb Hafsi‚ Jan Jorgensen M.B.A.‚ McGill University‚ 1980 Primary Area: Marketing Supporting Areas: Small Business‚ Entrepreneurship B.A.‚ McGill University‚ 1976 Primary Area: Psychology Supporting Areas: Sociology‚ Political Science
Premium Strategic management Management
Assignment 10: National and Global Finance (16.0 points) 1. Choose an example of a type of new company you could start‚ and then use this company idea to answer the questions below. You might choose a pet store‚ a restaurant‚ a tutoring business‚ or something else. This can be the same type of company you chose in assignment 8 or 9‚ or it can be different. a. Describe the type of business you chose. (1-2 sentences. 0.5 points) The type of business I would start would be for family or friends
Premium United States dollar Federal government of the United States Currency
operators Test system Immediate Predecessor A‚ B C C E C D‚ F‚ G D‚ F H I‚ J Activity Optimistic Time Most Probable Pessimistic A B C 4 6 2 6 8 4 8 16 6 Page 1 D E F G H I J K 8 7 4 4 4 4 3 2 10 10 6 6 6 6 4 4 24 13 8 20 8 14 5 6 Managerial Report Develop a report that present the activity schedule and expected project completion time for the warehouse expansion project. Include a project network in the report. In addition‚ take into consideration the following
Premium Normal distribution
not?” Many more questions arise from asking if global warming is real or not like‚ “is it the human’s fault or is it just the natural course of the Earth?” There is much evidence that scientist had gather to prove that global warming is real; for example everyone is aware the Antarctic glacier’s melting causing the oceans to rise and causing many problems not only to people but also animals too (Discovery Channel‚ Discovery Channel - Global Warming‚ What You Need To Know [Documentary]). The following
Premium Global warming Carbon dioxide Methane
Preservation of Food with Ionizing Energy Lesson 10 1 Assigned Readings – n Smith‚ J.S. and Pillai‚ S. 2004. Irradiation and Food safety. Food Technol. n Fact sheet on Food Irradiation http://www.inspection.gc.ca/food/information-for-consumers/fact-sheets/labelling-food-packaging-and-storage/irradiation/eng/1332358607968/1332358680017 n Frequently Asked Questions regarding Food Irradiation 2 Terminology n Radiation ¨ ¨ n Food irradiation ¨ n Rays of energy Emission and propagation of
Premium Ionizing radiation Gamma ray Electromagnetic radiation
Planning In simple words‚ planning is deciding in advance what is to be done‚ when‚ where‚ how and by whom it is to be done. Planning is the primary function of management. According to Koontz and O’Donnell‚ "Planning bridges the gap from where we are to where we want to go. It makes it possible for things to occur which would not otherwise happen”. The planning process‚ identifies the goals or objectives to be achieved‚ formulates strategies to achieve them‚ arranges or creates the means required
Premium Management
themselves‚ their comrades‚ and their country or polis. A good warrior would always obey their leader‚ even if they did not fully understand or believe in the cause of war. Sometimes they were lied to about the cause of war. Take the Trojan War‚ for example. Some accounts state that king of all the Greeks‚ Agamemnon‚ had wanted to take over Troy for some time‚ having expanded his empire to the majority of the polis’ in Greece. However‚ once his brother‚ Minnelaus‚ had lost his wife to the Trojan prince
Premium
CHANDLER The logic of managerial enterprise Step 1: Investments ∙ Build larger‚ efficient production capacity to exploit economies of - scale: big production to get smallest cost per unit - scope: efficient use of common items ∙ Create extensive marketing and distribution channels ∙ Establish well-organized management teams Step 2: Implement a “Strategy of Leadership” ∙ Continuous research‚ improvement and innovation ∙ Systematically
Premium Management Strategy map Motivation