1. StillWater Mining Company a) Interest Rate 12% Price per ounce $ 1‚500.00 Cost per ounce $ 400.00 Total ounces a year 10‚000 Profit per ounce $ 1‚100 Revenue per year $ 15‚000‚000.00 Cost per year $ 4‚000‚000.00 Profit per year $ 11‚000‚000.00 Every year for the next 10 years‚ the firm earns a profit of $11 Million. The cash flow (in $ Million) is shown below: Year T T+1 T+2 T+3 T+4 T+5 T+6 T+7 T+8 T+9 Profit 11 11 11 11 11 11 11 11 11 11 Using NPV formula‚ we find NPV=$62
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Outsourcing BUS 630: Managerial Accounting Outsourcing The pros and cons of outsourcing varies by industry‚ size of organization‚ organizational structure‚ and many other components. The pros and cons are highlighted and the fall of Satyam to encompass a full range of accounting aspects. All size organizations outsource a portion of his or her business. Therefore‚ taking time to reflect on the points identified in this paper may enlighten or create ideas for consideration regarding outsourcing
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The Nature and Scope of Managerial Economics Managerial Economics • Managerial economics‚ meaning the application of economic methods in the managerial decisionmaking process‚ and it is a fundamental part of any business. This is happening for several reasons It is becoming more important for managers to make good decisions and to justify them‚ as their accountability either to management or to shareholders increases. Number and size of multinationals increases‚ the costs and benefits
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Cited: Hynes‚ Geraldine. Managerial Communication. New York: McGraw Hill‚ 2011. Myatt‚ Mike. “10 Communication Secrets of Great Leaders.” Forbes (2012): 12/6/2012 http://www.forbes.com/sites/mikemyatt/2012/04/04/10-communication-secrets-of-great-leaders/.
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Rex’s style of leadership completely matches with authoritarian style in Blake and Mouton’s managerial grid. 2. What advice would you give Rex to improve his approach to leadership? He has to change his authoritarian style to the Team Leadership style which is the best style in this model. Team Leadership – High Production/High People According to the Blake Mouton model‚ this is the best managerial style. These leaders stress production needs and the needs of the people equally highly.
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Multi perspective approaches to understanding organizations is vital and enhances understanding operations as well as avenue to apply acquired knowledge to improve organization’s performance. The adoption of this discipline can be traced to historical management where practitioners embraced Scientific Administration as a way of running societies. For instance‚ Henri Fayol (1949) and Winslow Taylor (1911) were highly honored as the pioneers of multi perspective approaches to management as their systems
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Cultural Approach to Organization Clifford Geertz and Michael Pacanowsky describe organizations as having their own culture like a web. Geertz described culture as a shared meaning‚ shared understanding and shared sense making. This means that any given organization has a particular culture in which the meanings for things are shared between individuals. Geertz has referred to himself as an ethnographer‚ do observe and analyzes social discourse in thick descriptions. Then‚ Michael Pacanowsky
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The Case Method 1 An Approach to Case Analysis This brief contains two case analysis approaches: (I) a general approach and‚ (II) an approach that focuses on the strategic aspects of case analysis. OPTION I: A General Approach to Case Analysis What is a Case Study? A case study is a description of an actual administrative situation involving a decision to be made or a problem to be solved. It can be a real situation that actually happened just as described‚ or may included portions that
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Executive Summary. When making ethical decisions‚ I usually use the Virtue Approach. Before making any ethical decision‚ this approach requires you to first ask what kind of person should you be (Velasquez‚ Andre‚ Shanks‚ J.‚ & Meyer‚ 2005b). This method assumes that there are particular ideals that we should strive towards. One question I believe should be asked when talking about deception is‚ ’Is the company‚ in question‚ practicing Corporate Social Responsibility (CSR)? ’ In this paper‚ I
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In the late 1800’s‚ when Fredrick Taylor came up with the theory of the classical approach as a solution for the national productivity problem‚ he had based his approach on three things. First‚ management wasn’t really aware of how much work could be completed by the laborers. Second‚ the laborers were concerned with working to fast because they feared the faster they worked‚ the less work eventually‚ there would be‚ and third‚ the workers did not have the knowledge of how to work efficiently.
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