ORGANIZATIONAL STRUCTURE Organizational structure refers to the way that an organization arranges people and jobs so that its work can be performed and its goals can be met. When a work group is very small and face-to-face communication is frequent‚ formal structure may be unnecessary‚ but in a larger organization decisions have to be made about the delegation of various tasks. Thus‚ procedures are established that assign responsibilities for various functions. It is these decisions that determine
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When considering the advantages and disadvantages of command and market economies‚ it may seem like one economic system is better than another‚ but it all depends on what the viewer deems important. In a market economy‚ individuals‚ rather than governments‚ make the majority of decisions regarding work‚ consumption‚ and production. In contrast‚ a command system is based upon government decision making concerning production‚ output of goods and services‚ and use of resources. Both have their good
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will explain capital structure and determine weighted average cost of capital (WACC) from the assumption provided by Mary Francis. Furthermore‚ we will show how WACC and Capital Structure can be leveraged to find out the viability of the capital project. Additionally‚ we will explain marginal cost of capital. To close‚ we will make a recommendation on the best approach to apply to project evaluation between capital structure and WACC Capital Structure Capital Structure refers to the sources
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Unit 2- International economic Environment Economic Structures Developed Countries Developed countries are also called advanced countries‚ industrialized countries‚ more developed countries (MDC)‚ more economically developed countries (MEDC)‚ Global North countries‚ first world countries and post-industrial countries. While there is no official guideline for which country may be considered developed‚ different institutions have created different categories. The IMF identifies 32 advanced economies
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larger proportion tend to show better financial performance. Leading Korean companies have a larger presence in the world market and attract considerable attention. I will focus on LG Electronics‚ Inc.‚ a leading company ranking with Samsung Electronics Co.‚ Ltd. in the world’s electrical and electronics industries‚ with the largest market share in home appliances markets in important emerging countries‚ such as India‚ Brazil‚ and Indonesia‚ and relatively advanced management methods including
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The Golden Arches: Analyzing a Global Monopoly Using Adam Smith’s The Wealth of Nations When most individuals hear about a “McDonald’s Monopoly‚” they think of the popular game that the fast food chain advertises on certain menu items‚ increasing its sales by offering prizes‚ both monetary and otherwise‚ to its customers. However‚ the chain is also an economic monopoly in that it dominates the marketplace as the premier fast food restaurant around the globe. In 2017‚ the company reported that sales
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Capital structure describes how a corporation has organized its capital—how it obtains the financial resources with which it operates its business. Businesses adopt various capital structures to meet both internal needs for capital and external requirements for returns on shareholders investments. As shown on its balance sheet‚ a company’s capitalization is constructed from three basic blocks: Long-term debt. By standard accounting definition‚ long-term debt includes obligations that are not
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access to The Academy of Management Review. http://www.jstor.org This content downloaded from 41.13.52.46 on Tue‚ 23 Jul 2013 08:32:37 AM All use subject to JSTOR Terms and Conditions Review 1980‚ Vol.5‚ No. 1‚49-64 Academyof Management Structure Organization A Critical and Performance: Review1 DAN R. DALTON Indiana University WILLIAM TODOR D. The Ohio State University MICHAELJ. SPENDOLINI GORDON J. FIELDING LYMANW. PORTER University of California- Irvine We examine the literature
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Matrix management is a technique of managing an organization (or‚ more commonly‚ part of an organization) through a series of dual-reporting relationships instead of a more traditional linear management structure. In contrast to most other organizational structures‚ which arrange managers and employees by function or product‚ matrix management combines functional and product departments in a dual authority system. In its simplest form‚ a matrix configuration may be known as a cross-functional work
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"Monopoly power is not automatically bad as long as it is regulated". Discuss this view [20marks] Monopoly power occurs when a business is a dominant seller of a good or service with a market share that exceeds 25%. There are many disadvantages for societies where monopolies exist. A higher price than those in competitive markets is one of the main disadvantages for society. As monopolies are the main seller of goods and services in the market they can use their market power in order to raise
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