Week 1 - Nature & Regulation of Companies & Company Operations Legal nature of company Separate legal identity‚ distinct from owners Companies act through ‘agents’. eg. shareholders elect board of directors to act on their behalf Public Company (Ltd.) Limited liability of owners • Raises funds from public Types of companies Private Company (Pty. Ltd.) • • • • • • • • • Regulation of companies Corporations Law: Companies must keep proper accounting records; prepare yearly & half-yearly FS;
Premium Balance sheet Generally Accepted Accounting Principles Liability
Chapters 1‚ 2‚ and 6 1. Describe the main elements of an “Operations Systems” model. a. The main elements of an Operations Systems model are the inputs‚ that go through the transformation process‚ then they become outputs. There is also the planning and control subsystem which is the feedback mechanism. 2. What are the primary differences between manufacturing and service operations? b. There are 5 differences between services and
Premium Quality control Quality assurance Management
landscape. Air Deccan’s basic strategy is to make air travel accessible to every Indian by pricing their services at 30-40 percent of regular airline services. Translating this overall strategy into operations calls for making unique choices in several operational elements. At a broader level‚ this resulted in unique methods adopted for procuring aircraft‚ maintenance‚ ticketing & in-flight services & flight & schedule management policies. This constitutes the operations management process.
Premium Airline Airport
mainly applies to an organization‚ particularly large organizations that have become inefficient over time that finds it difficult to be competitive using the archaic systems of governance‚ organizational processes and procedures. For organizational operations‚ Reengineering is the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical‚ contemporary measures of performance such as- cost‚ quality‚ service and speed. The concept is not about slight
Premium Business process reengineering Process management Business process modeling
of pop art demonstrates the magnitude or importance of art is impartial of the subject matter. The works of two practioners of pop art Andy Warhol and Roy Lichtenstein demonstrates the genre of pop art. Part art is fundamentally a poignant reflection of what is called the contemporary scene. The word pop was created by the English critic Lawrence Alloway. I chose to interview the two artists Andy Warhol and Roy Lichtenstein because they demonstrated or show the movement and aspects of pop art
Premium Pop art Andy Warhol
Company Strategy Study Case: Boeing gets a second chance‚ and a third 1) Which organizational stakeholders were affected by ethical or unethical behavior at Boeing? Give specific example. Boeing is a worldwide known firm. Being one of the largest corporations in the world‚ Boeing is also very visible and studied. An examination of five years reveals unethical‚ immoral and illegal behavior inside the company‚ which affected organizational stakeholders. In 2002‚ the CEO Philip Condit afflicted
Premium Morality Ethics Boeing
With an almost identical name‚ the two poems‚ "Mosquitoes" by David Campbell and "Mosquito" by John Updike share the theme on mosquitoes. However‚ both composers had used different language techniques and tone to express their differing opinions on mosquitoes. Whereas Campbell describes mosquitoes as "our babies"‚ Updike displays mosquitoes in a more negative view such as our opponent. In addition to presenting and sharing the same subject‚ the poems also similar in the following ways‚ such as the
Free Poetry Rhyme
always is the interaction‚ knowledge of an individual or passage a positive one‚ but in a sense they are all the same. All the people are the same. With fault‚ with hate‚ with compassion and with oppression; they are all the exact same within. There are two essays that easily capture the concepts of flaws in character. “Censoring Myself” by Betty Shamieh and "Mother Tongue" by Amy Tan. A popular character flaw‚ is race and how others hinder you because of it or how it can affect you based on just how you
Premium James Truslow Adams American Dream Thought
Hill framework for Operations Strategy Formulation Hill (2005) provides an iterative framework that links together the corporate objectives; which provide the organizational direction‚ the marketing strategy; which defines how the organization will compete in its chosen markets‚ and the operations strategy; which provides capability to compete in those markets. The framework consists of five steps: 1. Define corporate objectives 2. Determine marketing strategies to meet these objectives
Premium Marketing Organization Marketing plan
Operations Strategy in a Global Environment International Operations at General Motors For years‚ General Motors dabbled with the idea of becoming a truly global business. While the firm exported its cars to several other countries and had a few plants outside the U.S.‚ it remained predominantly a North American enterprise. Just a few years ago‚ for example‚ 80% of the firm’s vehicles were made in North America. Cars made elsewhere were often retreads of older
Premium General Motors North America