Introduction: In this assignment I have been asked to look at various types of organizations and who are there main stakeholders‚ I will also look at how the business we are looking at in this assignment would operate in a free market economy and whether a high inflation rate and import duties would affect how the business performs. After a sole trader and a partnership the next step for business would be turning into a private limited company (LTD). A private limited company is owned by shareholders
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Q1;Relationship between Goals Objectives and Policies Goals are ; *broad plan *having generic action *goals are intangible in nature and cannot be measurable *they are long term *the main aim of the goal is toward which an endeavor is directed *and it is based on ideas Objectives; In contrary to goals‚ objectives are; *narrow plan *specific actions are taken out to achieve objectives *they are measureable and are tangible in nature so that it is easy for the organization to check
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Scenario 1: LO1 (P1.1): There are mainly four types of organisations. Private sector organisations‚ Public sector Organisations‚ voluntary organisations and cooperatives. Private Sector: In the private sector‚ businesses operate in order to maximize the profits. They raise finance by issuing shares‚ borrowing loans from banks etc. They are owned and controlled by private parties. For example Bank of Maldives‚ Amin Construction pvt ltd‚ Haza Construction pvt ltd. Their main aim is to maximize the
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BA 215 Spring 2007 Enron Stakeholder Assignment Enron was a dream come true for a lot of people‚ but it was also a nightmare waiting to happen for many more. I am going to examine the collapse of Enron from the management perspective. The three examples of Enron behaving badly that I am going to study are the incidents in Valhalla‚ the electricity trading in California and the conflict of interest between Andy Fastow and his special purpose entities (SPE). These are just a few cases that led
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Kentucky Fried Chicken There are many stakeholders of KFC the main ones are Employees‚ Customers‚ Delivery services‚ Contracted Vending Companies‚ suppliers and Contracted Cleaning Companies. Employees- • Employees are important stakeholders in the business as they provide the service to the customer who eats at KFC. Without well trained staff the business would not run smoothly. The interest of the staff would be to make sure they have a secure job and a steady wage. If employees
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ORGANISATIONS AND BEHAVIOUR LO1 1.1‚ 1.2 This essay aims to identify the key elements between organizational structure and culture Organizational structure can be described as the framework in which an organization operates. There are three main types of organizational structure: functional‚ divisional and matrix structure. A functional structure is set up so that each portion of the organization is grouped according to its purpose
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Managing Change in Organisations ASSESSMENT NO: 1 OF 1 FOR THIS UNIT Full Name: RAHUL DESHMUKH 4 Intake: October’ 2008 Date issued: ____________ Date due: February 13‚ 2009 Date submitted: June 01‚ 2009 Assessor(s):_______________________________________ Learning Outcomes: 1‚ 2‚ 3 Unit outcomes Outcome Evidence for the criteria Feedback Assessor’s decision Internal Verification 1 Explore the background to change affecting the current organisation (2.1) • discuss
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Management by Objectives Motivating employees seems to be a challenge for managers - Discuss the advantages and disadvantages of the MBO program and provide at least one example to support your discussion. Goal-Setting Theories have evolved since the 50s and have an impressive documented literature. The Goal-Setting Theory addresses the issues that goal specificity‚ challenge‚ and feedback have on performance (Robbins‚ 2009‚ p185). Setting goals and motivating employees are always an important
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1. eHow 2. Business 3. Business Management 4. Other Business Management 5. Definition of Commercial Organization Definition of Commercial Organization By Joshua Wallace‚ eHow Contributor * * * Share * * Print this article The term commercial organization is general and applies to any group(s) with a particular set of skills‚ priorities‚ strategies‚ and resources that organize to collectively achieve the "specific aim" of making a profit. Ultimately‚ the first concern
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both subjective and objective descriptions. For false teeth‚ the description on AllMyLife was more objective with the showing of a more gruesome picture and description about why they didn’t need them anymore. On Ebay‚ it was more subjective nothing personal just a straight forward‚ description of the item. The visuals on both had a very big part on shaping their descriptions‚ with one being more clean it was more subjective and with the other dirty and having a very objective description. In addition
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