Capital Structure and Debt Structure* Joshua D. Rauh Kellogg School of Management and NBER Amir Sufi University of Chicago Booth School of Business and NBER February 2010 *We thank Doug Diamond‚ Anil Kashyap‚ Gordon Phillips‚ Michael Roberts‚ Toni Whited‚ Luigi Zingales‚ and seminar participants at Emory University‚ Georgetown University‚ Maastricht University‚ Rice University‚ Tilburg University‚ the University of California-Berkeley‚ the University of Chicago‚ the University of Colorado
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capital and general resources which Oticon lacked. Kolind believed that Oticon could no longer compete with its technologically advanced competitors. By reinventing itself‚ Oticon showed that it could. Oticon drastically changed its organizational structure‚ ways of working and culture to let loose the human potential of the company. Kolind created a vision of a service-based organization and pursued it to gain a competitive edge. Employee involvement is
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Classical organization theory [pic] Taylor’s scientific management approach Weber’s bureaucratic approach Administrative theory [pic] Classical organization theories (Taylor‚ 1947; Weber‚ 1947; Fayol‚ 1949) deal with the formal organization and concepts to increase management efficiency. Taylor presented scientific management concepts‚ Weber gave the bureaucratic approach‚ and Fayol developed the administrative theory of the organization. They all contributed significantly to the development
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resistive employees who refuse to engage. I had a preconceived idea that management would have a top-down hierarchal structure‚ with a ‘closed door’ communication policy based on research from Swink & Way (1995)‚ Downs & Adrian (2004) and Clarke (2006). On the contrary‚ I found management offered an ‘open door’ policy. For example‚ Brad and Simon understand that organisational effectiveness is dependent upon communication across subcultural boundaries. Therefore‚ they offer an open door policy
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Manage Continuous Organisational Improvement Saba Feroz | � PAGE * MERGEFORMAT �20� Manage Continuous Organisational Improvement [Saba Feroz] [College Of Excellence] [Diploma in Health Care] [Management level 7] [7/2/2014] � Abstract The sector of healthcare is vital for living that no one may deny. The advancement of technology has been a blessing in disguise for human health. Times are gone when people used to wait in long queues to get attention from the doctors and paramedical staff
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right after their order is taken‚ hence explains the term fast food. McDonald’s has two structures at two different levels; the first is at the corporate level and the second‚ restaurant level. The corporate’s current design type is functional while the restaurant’s current design type is divisional. Image 1: McDonald’s Corporate Structure The image above illustrates a hierarchy in McDonald’s corporate structure. It consists of the Chief Executive Officer (CEO) on top followed by the chairman of
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what extent can organisational culture be managed? Is organisational culture critical to the success of an organisation? Peter Anthony (1994) asserts that the pursuit of change in a cultural sense has been considered synonymous with the pursuit of excellence for organisations. It is true that a wide variety of management practitioners view the control of organisational culture as something both possible and necessary for organisational success (Brown 1993). A survey of organisational practices of
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CHAPTER:1 INTRODUCTION AN ORGANISATIONAL STUDY ON EUREKA FORBES LTD 1.1: INTRODUCTION The word “Organization” derived from the Greek word organon‚ itself derived from the better-known word ergon which means "organ". An organization (or organisation) is an entity‚ such as an institution or an association‚ that has a collective goal and is linked to an external environment. In an environment of rapidly escalating competitive challenges‚ every company has
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can accomplish the task that one individual cannot and the work can be done faster and more effectively. The process of organisational culture formation is first of all the process of creating a small group of individuals. From the 1980s there was a great number of discussions of organisational culture as a "source of fresh air" and antidote to attributes of organisational life that merely focus on easily measurable variables. On symposium presented in 1988 at the Academy of Management Conference
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Introduction For the purposes of this report I have chosen Flybe as my main focus of discussion in the UK and European airline industry. Flybe is Europe’s largest regional airline with 162 routes‚ operating from a total of 53 departure points. In this report I will analyse why it has made sense for Flybe to build on their strengths of being a regional operator and how they have managed to find a niche in the crowded airline marketplace. I will also discuss their strategy for future growth and how
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